Canada – Oil & Gas 360

Ovintiv strengthens portfolio with core oil-rich Montney asset acquisition

November 14, 2024

(Oil & Gas 360) – Transaction to Significantly Expand Existing Montney Premium Oil Inventory, Company to Exit Uinta Basin with Asset Sale Highlights: Agreement reached to acquire approximately 109,000 net acres and approximately 70 thousand barrels of oil equivalent per day (“MBOE/d”) in the core of the Alberta Montney for $2.377 billion (C$3.325 billion) Acquisition will add approximately 900 total

Canadian oil stands to profit from Trump’s energy agenda

November 13, 2024

(Oil Price) – Donald Trump’s victory in last week’s elections has worried many people. The reason they are worried is the word tariffs. Trump has threatened to impose tariffs on every country he sees as having an unfair trade advantage over the United States. One country is lucky, however. That county really does have an advantage—and tariffs will not erase this advantage.

Canadian Natural Resources Q3 profit slips as oil and gas prices fall

October 31, 2024

(Oil Price) – Canada’s largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), reported lower adjusted net earnings from operations for the third quarter compared to a year earlier amid plunging natural gas prices in North America and lower international crude oil prices. Canadian Natural said on Thursday that its adjusted net earnings from operations for the third quarter stood at US$1.5

Six months on, what has the Trans Mountain pipeline project achieved and what’s next?

October 21, 2024

(BOE Report) – CALGARY – Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns. By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the West Coast

How much production growth can North America deliver over the next decade?

October 16, 2024

(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, a trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a new report that quantifies the quality of remaining drilling inventory across key North American plays. North America is one of the few global jurisdictions that has meaningfully grown hydrocarbon production over the last 20

UK power firm burnt wood from environmentally sensitive areas in Canada

October 16, 2024

(Oil Price) – UK power group Drax has found that wood burnt at its biomass power station in the UK is “highly likely” to have come from environmentally sensitive areas of old forests in Canada, the Financial Times reported on Wednesday, citing internal Drax emails it has seen. A Drax internal review has found that the wood from its suppliers from British Columbia

Canadian natural gas firms eager for LNG boom swamp market with excess supply

October 11, 2024

(BOE Report) – A huge liquefied natural gas export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market, analysts said. Gas prices at Alberta’s AECO hub hit a two-year low of 5 Canadian cents per million

Canadian Natural Resources Limited announces the acquisition of Chevron’s Alberta assets and a 7% dividend increase

October 7, 2024

Oil and Gas 360

Prospera Energy Inc. announces cash flow optimization

October 3, 2024

(Oil & Gas 360) – CALGARY, Alberta, Oct. 03, 2024 (GLOBE NEWSWIRE) — Prospera Energy Inc. (PEI: TSX-V; OF6A: FRA) (“Prospera” or the “Corporation“) Prospera Energy Inc. (PEI) is pleased to announce the prompt full repayment of its $3,430,000 high-interest 16%, Gross Overriding Royalty (GORR) financing. The GORR re-purchase takes advantage of the early payment discount and eliminates the risk of

UK’s VivoPower to combine with Canadian hydrogen technology firm in $1.13 bln deal

September 17, 2024

Yahoo Finance Power infrastructure developer VivoPower International said on Tuesday it has signed a non-binding agreement to merge with Canada’s Future Automotive Solutions and Technologies (FAST), which would create a $1.13 billion combined company. The agreement values VivoPower’s equity at $556 million and FAST at $578 million, and allows the companies an exclusive period of 90 days to reach a

Exclusive: Hemisphere Energy at EnerCom Denver-The Energy Investment Conference 2024

September 17, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Hemisphere Energy Corporation is a Canadian oil company focused on sustainable growth of its high netback, low decline conventional heavy oil assets through enhanced recovery methods. Hemisphere is dedicated to creating

Canada and Mexico boost competition for U.S. LNG exports to Asia

September 16, 2024

Oil Price The U.S. North American neighbors are emerging as the latest competitors of the United States to ship LNG to Asia, the world’s biggest and most important LNG-importing region. While U.S. LNG development has suffered a series of setbacks in recent months, Canada and Mexico are looking to tap the growing Asian market for the super-chilled fuel, analysts tell

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