Statoil Sells Canada Oil Sands Assets To Athabasca Oil
The transaction covers the 24,000 barrel per day Leismer oil sands plant in northern Alberta, the undeveloped Corner oil sands project and a number of midstream contracts associated with Leismer production.
NGTL Will Undertake Saddle West Project, Expanding Montney Transportation Capacity
An application to construct and operate the project will be filed with the National Energy Board in the third quarter of 2017. Subject to regulatory approvals, construction is expected to start in 2018.
Alberta Introduces Bill For Oil Sands Emissions Cap Law
Alberta's oil sands are the world's third-largest crude reserves after Saudi Arabia and Venezuela and Canada's fastest-growing source of greenhouse gas emissions.
Canada's RMP Energy Sells Ante Creek Assets To Emerge Debt Free
Upon the completion of the sale, RMP will hold a highly prospective land position on an emerging Montney play at Gold Creek and low-risk Montney development inventory at Waskahigan in West Central Alberta.
Canada's Alliance Gas Pipeline Resumes Service After Maintenance Work
The pipeline is one of the most important liquids-rich natural gas conduits between western Canada's Montney region and the Chicago market hub, Reuters reported.
Shell: More Than $500 Million Worth Of Upstream Assets For Sale
Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales program, the oil and gas company's head of upstream Andy Brown said on Oct. 19.
Encana Cuts 2016 Costs Down By $50 Million
Oil sands producers and conventional oil producers in Canada have been forced to cut costs aggressively in response to the two-year drop in crude prices, in which prices have more than halved, Reuters reported.
Assessment Of High-Condensate Montney's Natural Gas Potential Is Completed
Gas Processing Management Inc. and HSB Solomon Associates LLC completed their comprehensive assessment of Alberta’s high-condensate Montney play’s potential to produce natural gas and NGL in the vicinity of the Wapiti River.
Share Offering’s Proceeds Will Support Front Range’s Pepper Montney Program
All the shares will be distributed through the short-form prospectus in the provinces of British Columbia, Alberta, Saskatchewan and Ontario and in certain other jurisdictions.
TransCanada Offers Cheaper Pipeline Tolls For Montney, Duvernay Producers
Cheaper tolls are crucial if companies in areas like the Montney and Duvernay shale plays are to compete with U.S. gas producers in eastern markets, TransCanada's Stephen Clark says.