Canada

Energy Transition , Shale Plays , Acquisitions & Divestitures

Riverstone-backed Montney Shale Producer Plans US Listing in SPAC Deal

The transaction, which values Hammerhead Resources at CA$1.39 billion, is expected to form a publicly traded upstream oil and gas company with a path toward achieving net-zero emissions on a Scope 1 and Scope 2 basis by 2030.

September 26, 2022

Energy Transition

Energy Transition in Motion (Week of Sept. 23, 2022): Advancing Projects, Investment

Here’s a look at some of this week’s renewable energy news, including plans to seek lithium from soon-to-be abandoned oil wells in the Williston Basin.

September 23, 2022

Natural Gas , Energy Transition

RNG Growth Across the US

Renewable natural gas (RNG) has seen significant growth across the continent, according to two of the largest RNG producers in the U.S.

September 22, 2022

Deepwater , Energy Transition , Technology

Equinor Sets the Stage for Atlantic Canada’s Low-carbon Future

Equinor establishes ambitious low-carbon goals for its deepwater Bay du Nord development in Atlantic Canada offshore Newfoundland.

September 20, 2022

Crude Oil , Trade

US Refiners Eye Canadian Oil Once SPR Turns Off Taps

The coming end of SPR oil releases by the Biden administration could shift market dynamics again in a year of high volatility following Russia’s invasion of Ukraine in February.

September 20, 2022

Natural Gas , Pipelines

Why Western Canada Has Some of the Cheapest Natural Gas in the World

Natural gas spot prices in Alberta, Canada, were driven down due to rising production, TC Energy pipeline maintenance and some gas processing facility outages over the summer.

September 15, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 14, 2022

Here’s a snapshot of recent energy deals including EQT’s monster $5.2 billion acquisition plus the acquisition of NorTex Midstream by Williams in a $423 million transaction.

September 14, 2022

Exploration & Production , Acquisitions & Divestitures , Mergers

Tamarack Valley Energy to Acquire Private Oil Producer for CA$1.4 Billion

Tamarack Valley Energy said the acquisition of Deltastream Energy, which is backed by ARC Financial, solidifies its position as the largest producer in Alberta’s Clearwater oil play.

September 13, 2022

Exploration & Production , Natural Gas , Pipelines

Tourmaline, Kelt Exploration Shut In Gas Production Due to Weak Pricing

Tourmaline Oil, Canada’s largest gas producer, and Kelt Exploration temporarily shut-in significant gas volumes due to pipeline bottlenecks that led to a collapse in western Canadian gas prices.

September 13, 2022

Infrastructure , Pipelines

Wisconsin Judge Rules Enbridge’s Line 5 Pipeline Trespasses on Indigenous Land

Line 5 oil pipeline is allowed to continue to operate because of public and foreign policy implications.

September 9, 2022