Montney
Trends
A&D Transactions From The Week Of July 31, 2019
Here’s a snapshot of energy deals from the past week including the sale of Houston-based Sabine Oil & Gas to a Japanese company worth over $600 million.
Earnings , Unconventional , Shale Plays
Encana Beats Estimates On Higher Permian, Anadarko Production
Encana edged past estimates for quarterly profit on July 31, helped by increased shale oil production in the Anadarko and Permian basins.
Pipelines
Enbridge Delays Open Season For Bids On Mainline Oil Pipeline System
Enbridge Inc. has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters on July 17.
Infrastructure , Pipelines
Canada Set To Approve Trans Mountain Pipeline Expansion: Sources
Canada looks set to approve the hotly debated plan to expand an oil pipeline this week, people familiar with the process told Reuters.
Infrastructure , Pipelines
Minnesota Court Rejects Environmental Assessment For Enbridge Pipeline
A Minnesota court ruled on Monday that Enbridge Inc.’s environmental impact statement for replacement of its Line 3 oil pipeline is inadequate, raising the possibility of further delays.
Conventional , Crude Oil
Canadian Natural Resources To Temporarily Shut In Oil Production Due To Wildfires
Oil and gas producer Canadian Natural Resources Ltd. said on Friday it would temporarily shut-in about 65,000 barrels per day (bbl/d) of crude oil production due to forest fires in Alberta.
Emissions
Canada's Oil-Rich Alberta Introduces Bill To Repeal Carbon Tax
Canada's main crude-producing province Alberta introduced a bill to repeal the provincial carbon tax on Wednesday, setting up a legal tussle between Premier Jason Kenney's United Conservative Party and Justin Trudeau's Liberal government in Ottawa.
Unconventional , Shale Plays
Analysts Forecast Montney Production Surge Despite Challenges
The increase is expected as operators improve completion designs and economics while battling low natural gas prices and infrastructure constraints.
Construction , Pipelines
SemCAMS Midstream, Keyera To Build Canadian Liquids Pipeline System
NGL and condensate system will connect Montney and Duvernay to Fort Saskatchewan.
Legislation
Political Parties Stoke Separatist Sentiment Ahead Of Alberta Vote
Talk of Alberta separating from the rest of Canada is gaining ground ahead of April 16 elections, as a number of political parties in the country's energy heartland seek to capitalize on voter anger with federal policies.