Northern British Columbia’s Horn River and Liard basins hold significant natural gas potential but face challenges such as remoteness, high costs and low liquids content, analysts say.

An answer to the paradox many decarbonization projects now face may be available at Canada Infrastructure Bank (CIB), according to its top executive.

An open letter from 14 CEOs representing the four largest pipeline companies and 10 largest oil and natural gas companies was delivered to Canada’s political party leaders.

Summit Nanotech Corporation has successfully closed US$25.5 million in funding led by Evok Innovations, BDC Capital’s Climate Tech Fund, Xora Innovation, and Capricorn Investment Group, with participation from Mitsui Kinzoku – SBI Material Innovation Fund and LG Technology Ventures.

Hemisphere Energy Corporation’s estimated 2024 capital expenditures of approximately $22 million grew year-end proved developed producing (PDP) reserves by 13 per cent, increased annual production by 10 per cent, added required infrastructure, and commenced testing a new resource play in Saskatchewan with an enhanced oil recovery (EOR) polymer pilot project.