Canada
Seismic
TGS Commences Additional Seismic Project In Canada
TGS on Dec. 4 commenced its 2020 South Halfway 3-D onshore seismic survey, amplifying its core position in the Inga/Fireweed area of North East British Columbia (B.C.) in Canada.
Exploration & Production
Canada's Suncor Sees Higher Oil Production In 2020
Canadian oil and gas producer Suncor Energy Inc. on Dec. 2 forecast a 5% rise in oil production for 2020, and said there continues to be considerable uncertainty related to the impact and duration of Alberta's production curtailment.
Business , Exploration & Production
Husky Energy Lowers Capital Spending For Next Two Years
For 2021, Husky aims to further reduce spending by C$400 million compared to the 2019 level.
Acquisitions & Divestitures , Pipelines
Canadian Competition Bureau Clears Pembina’s Kinder Morgan Buy
Deal only awaits approval from Kinder Morgan Canada shareholders.
Trends
A&D Transactions From The Week Of Nov. 20, 2019
Here’s a snapshot of energy deals from the past week including Noble Energy’s $1.6 billion midstream sale plus the closing of Occidental Petroleum’s $1.5 billion Permian Basin JV.
Public Capital
Encana Shareholder To Vote Against Canada Exit Proposal
Encana shareholder Letko, Brosseau & Associates Inc. said Nov. 19 it will vote against the oil and gas company's proposed exit from Canada to the U.S.
Trends
A&D Transactions From The Week Of Nov. 13, 2019
Here’s a snapshot of energy deals from the past week including Equinor’s sale in the Eagle Ford to Repsol plus nearly $300 million worth of shale acquisitions by Marathon Oil.
Exploration & Production , Policy & Regulations
Alberta Lifts Curtailment On New Oil Wells To Boost Economy
Alberta introduced mandatory production curbs beginning on Jan. 1 this year to reduce a glut of oil in storage and shore up prices.
Earnings , Pipelines
Higher Crude Transportation Fuels Enbridge’s Profit Beat
The company said it expects several of its growth projects to be operational in 2019, including the $700-million Gray Oak pipeline.
Trends
A&D Transactions From The Week Of Nov. 6, 2019
Here’s a snapshot of energy deals from the past week including the closing of Contango’s acquisition of White Star Petroleum and a roughly $1.6 billion county exit by Chevron.