Canadian natural gas producers are adjusting capital spending amidst a “softish natural gas market,” yet remain optimistic about portfolio opportunities, particularly with the upcoming LNG Canada launch, says Andrew Botterill, national oil, gas and chemicals leader, Deloitte Canada.
Even conversations in casual settings can be the start of something significant.
AltaGas Ltd. and Royal Vopak announced a positive final investment decision (FID) on the Ridley Island Energy Export Facility (REEF).
Rotterdam, Netherlands-based Royal Vopak says its partnership with AltaGas Ltd. to develop the Ridley Island Energy Export Facility (REEF) is a major part of its strategy of pursuing growth opportunities amidst growing global demand for liquefied petroleum gas products.
Alberta’s Wednesday land sale attracted $7.86-million.
Surge Energy Inc. closed the sale of two non-core assets at Shaunavon and Westerose for total net proceeds of $37.4 million.
Over the last four years, Surge Energy Inc. has assembled a 32.5 net section block of land on a new Sparky play trend, called Hope Valley.
Hibernia Management and Development Company Ltd. (HMDC) reported that on May 26, 2024, while retrieving completion tubing from the wellbore, a section of the tubing weighing approximately 272 kilograms separated and fell approximately five metres to the drill floor.
Source Rock Royalties Ltd. is actively evaluating additional royalty acquisitions that can be completed with its current working capital of $3.0 million ($0.065 per share) and future cash flow.