Murphy Oil said Eugene T. (Gene) Coleman, executive vice president of exploration and business development for the El Dorado, Ark.-based oil and gas company, will retire by the end of February.
The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
The investment is about $300 million less than the company forecast in May and includes reductions resulting from Alberta’s mandated oil production cuts.
Enbridge, TransCanada pipes carry a combined 1.8 million bbl/d.
Weather-induced power outages hit Enbridge Mainline system and TransCanada’s Keystone pipeline.
Blackbird Energy and Pipestone Oil have agreed to merge, forming Pipestone Energy which is set to have the single largest land position in the Montney shale play in Alberta, Canada.
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
Canada's energy industry got a boost this week from an LNG project FID. Plus Encana exits the San Juan Basin, Husky makes a play for MEG Energy and reports that Exxon Mobil is exploring the sale of its Gulf of Mexico assets.
First gas from the LNG Canada project is expected before 2025, aiming to feed an expected surge in demand for the cleaner, super-chilled fuel from hungry Asian buyers, mainly China.
