Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves
Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources.
CEO: Ovintiv Passes on Permian Prices for More Montney Condensate
Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.
Trafigura Signs NatGas Supply Agreement with NuVista
Under the agreement, NuVista Energy will supply Trafigura with 21,000 MMBtu/d of natural gas for up to thirteen years, starting Jan. 1, 2027.
Energy Transition in Motion (Week of Nov. 8, 2024)
Here is a look at some of this week’s renewable energy news, including a solar panel deal involving a 5-gigawatt solar module facility south of Dallas.
Dividends Declared Week of Nov. 4
Here is a compilation of dividends declared from select upstream and midstream companies in the week of Nov. 4.
OPEC Outlook: US Shale Oil Volumes to Hit 16.7 MMbbl/d by 2030
The head of OPEC’s energy studies warned that failure to invest in oil production could lead to a global energy crisis as early as 2035.
CNOOC’s Long Lake Northwest Project Begins Crude Production
CNOOC’s Long Lake Northwest project will reach a peak production of 8,200 bbl/d of crude in 2025.
SolarBank to Develop 3-MW Solar Plant in Canada
Called the West Petpeswick project, the DC ground mount community solar project adds to SolarBank’s plans to develop an additional 31 MW of solar projects in Nova Scotia, Canada.
Topaz Completes Acquisition of Canadian Royalty Interests from Tourmaline
Topaz Energy’s deal to acquire royalty interests from Tourmaline Oil spans across approximately 3 million acres in Western Canada, with over half of the acquired land undeveloped.
Canada’s Completed TMX Pulling Crude Off of American-bound Pipelines
Trans Mountain completed work on the company’s namesake pipeline expansion on May 1. It was the end of a difficult and controversial pipeline project that started development in the 2010s under Kinder Morgan.