CALGARY - The Alberta Energy Regulator says it's no longer considering holding a public hearing for a new oilsands project after an Indigenous community reached a deal with the proponent, Imperial Oil. In a notice on its website, the AER says it doesn't need to schedule a hearing on the 162,000-barrel-per-day Aspen project after the Fort McKay First Nation withdrew a request to participate. The regulator says the First Nation has indicated it would address project concerns directly with [Read more]
Headlines
LNG Canada boosts gas producer confidence but does little for short-term pricing
CALGARY - The approval of Canada's first LNG export terminal is expected to boost investor confidence in Canada's natural gas sector, industry observers say. But LNG Canada's ability to provide a new market for Western Canadian natural gas and thus support severely depressed prices won't be seen until the facility and its main supply pipeline are built sometime in the middle of the next decade. Analyst Martin King of GMP FirstEnergy says the continued glut of gas in Western Canada and the [Read more]
Shell’s LNG Canada seen as tip of megaproject iceberg
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.Royal Dutch Shell said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of Qatar's commitment last week to expand its facilities. The two announcements, adding 37 million tonnes a year (mtpa) to the 290 million tonnes traded in 2017, [Read more]
Register for the Rocky Mountain Business Summit President’s Breakfast
Rocky Mountain Business Summit Presents: President's Breakfast with Jason Kenney Theme: Critical Change An innovative and creative business networking breakfast meeting that will engage the heart, mind and soul of you, your employees and your customers. Don't miss the premier experts with their informative presentations. Thursday, October 25, 2018 at 7:00am - 9:00am Buffet Breakfast Metropolitan Conference Centre, 333-4th Ave SW Click here to download the registration form with [Read more]
Sequoia Resources Corporation: Cabin Creek, Alberta Property Divestiture
On March 23, 2018, pursuant to the Bankruptcy and Insolvency Act (“BIA”), Sequoia Resources Corporation (“Sequoia” or the “Company”), filed an assignment in Bankruptcy and PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as Licensed Insolvency Trustee (the “Trustee”). Sayer Energy Advisors has been engaged to assist the Trustee with the sales process of certain of Sequoia’s oil and natural gas properties. At this time, we are marketing the Company’s Cabin Creek natural gas property (the [Read more]
TransCanada to Construct Coastal GasLink Pipeline Project
Pipeline to proceed following sanctioning of LNG Canada facility CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will proceed with construction of the Coastal GasLink pipeline project (Coastal GasLink) after a decision to sanction the LNG Canada natural gas liquefaction facility in Kitimat, British Columbia (B.C.) was announced earlier today by the joint venture participants of LNG Canada, a [Read more]
Too much oil? Texas boom outpaces supply, transport networks
MIDLAND, Texas (Reuters) - The west Texas drillers that drove the shale revolution have overwhelmed the region's infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth. The U.S. government continues to forecast the country's oil output rising to fresh record. But competition for limited resources in Texas is making it harder for shale producers to turn a profit and encouraging some to invest elsewhere. Texas is home to the Permian [Read more]
InPlay Oil Corp. Announces Completion of Strategic Non-Core Asset Disposition
CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce that it has successfully closed its previously announced strategic disposition of certain non-core oil and gas properties in the west Pembina area of Alberta for cash consideration of $16.7 million, before closing adjustments (the "Disposition"). The details of the Disposition and the corresponding acceleration of InPlay's 2018 Cardium development [Read more]
Last Chance to Sign Up for the Free Hockey Pool for the Oil and Gas Industry
https://www.youtube.com/watch?v=_smSDF3K75I Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday October 3rd at 5PM. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Any questions please contact Dallas Cairns [Read more]
LNG Canada project in British Columbia given final approval by shareholders
VANCOUVER - Investors have given final approval for a massive liquefied national gas project in northern British Columbia. The five partners have agreed to the $40-billion joint venture that includes a gas liquefaction plant in Kitimat on B.C.'s coast and a 670-kilometre pipeline delivering natural gas from the northeast corner of the province. The partners — Royal Dutch Shell, Mitsubishi Corp., the Malaysian-owned Petronas, PetorChina Co. and Korean Gas Corp. — delayed the final [Read more]