Remote locations pose a challenge for Canadian LNG projects. (FERC) LNG

Clouds gather over Canadian LNG sector

Petronas has cancelled its Pacific NorthWest project in British Columbia, and given the high costs of investment it is likely other Canadian projects will suffer the same fate.

By Andrew Walker 27 July 2017
Companies & Finance

SandRidge moves offshore with Dynamic buy

United States independent SandRidge Energy has agreed to buy US Gulf of Mexico shallow-water operator Dynamic Offshore Resources for $1.275 billion, capitalising on a broader industry push to move out

3 February 2012
Pipelines, Storage & Power

US storage hits record high

US gas in storage hit a record high for the fourth week of January, according to the Energy Information Administration (EIA).

3 February 2012
Companies & Finance

GIP to sell stake in Chesapeake partnership

Investment fund Global Infrastructure Partners (GIP) announced on Thursday that it will offer 9.3 million units in Chesapeake Midstream Partners in a move to sell its stake in the North American devel

3 February 2012
Companies & Finance

Syndicate of lenders back AltaGas acquisition

AltaGas has closed a $350 million debt facility with a syndicate of lenders to fund the acquisition of utility SEMCO from Continental Energy Systems

3 February 2012
Companies & Finance

Advisers mandated for Sabine Pass LNG project finance

US developer Cheniere Energy has mandated two banks to act as financial advisers for the funding of the Sabine Pass LNG plant expansion and conversion project.

3 February 2012
Companies & Finance

Marathon LNG sales hit by US price link

Marathon Oil is minimising its exposure to United States gas prices by focusing on liquids in its North American drilling programme, but the firm’s LNG sales from Equatorial Guinea have taken a hit

2 February 2012
Exploration & Production

Bullish ExxonMobil forgoes gas production cuts

ExxonMobil has no plans to curtail North American gas production, but low domestic gas prices have prompted the company to seek out higher-margin liquids yields from its onshore unconventional holding

1 February 2012
A worker at a Range Resources hydraulic fracturing site in the Marcellus Shale. (PA) Exploration & Production

EIA downplays Marcellus reserve revision

EIA downplays Marcellus resource estimate revision, saying costs and returns on drilling are more important. Senate committee panelists say LNG exports are a good idea, but note structural impediments that will add to costs.

1 February 2012
Supply & Demand

US gas imports hit 20-year low

US net gas imports hit a 20-year low in November 2011, according to the US Energy Information Administration (EIA).

1 February 2012
Supply & Demand

China’s interest in Kitimat LNG a ‘no-brainer’

With Canadian Prime Minister Stephen Harper preparing for a trip to China next week, speculation is mounting over how hard he will push Canadian energy exports following a rebuff from the United States over the proposed Keystone XL oil pipeline, and whether any hints will emerge on China's possible role as a main offtaker of LNG from the recently a

31 January 2012
Exploration & Production

Gas well numbers in US fall

The proportion of gas wells in the total figure for US well completions fell to 32% in 2011 from 39% the year before, according to industry group the American Petroleum Institute’s latest quarterly well completion report.

31 January 2012
Exploration & Production

Labour shortage to limit Canadian drilling

Canadian oil and gas industry groups have warned that labour shortages will limit the expansion of drilling activity in 2012.

31 January 2012
Exploration & Production

Chevron shuns high-cost shales for now

Chevron’s hesitance over North American shale is a product of prohibitively high entry costs, the company’s Chief Executive John Watson said

30 January 2012
Companies & Finance

Speculation swirls over El Paso $7 billion deal

The companies reportedly circling El Paso’s exploration unit are tight-lipped on on-going discussions.

30 January 2012
The June 2012 Central Gulf of Mexico lease sale will open up about 38 million acres with estimated technically recoverable reserves of 3.79 tcm. (Interfax) Exploration & Production

Sceptics doubt Obama’s offshore promises

The Gulf of Mexico lease sale indicates that United States President Barack Obama has made domestic oil and gas development a central part of his policy platform. However, industry analysts doubt this will translate into concrete policies.

27 January 2012
Exploration & Production

Kinder Morgan hopes to join shale-LNG dots

US pipeline firm is in talks with Cheniere to transport gas to the proposed Sabine Pass liquefaction plant. But the Sabine Pass liquefaction plant doesn’t exist yet.

27 January 2012
LNG

Cheniere takes another step towards LNG exports

UK-based BG Group has agreed to add 2 million tons per annum (mtpa) to an existing 20-year sale and purchase agreement (SPA) with United States-based LNG terminal developer Cheniere Energy, bringing t

27 January 2012
Exploration & Production

‘Phenomenal’ prospects for ExxonMobil and Americas Petrogas

ExxonMobil and Americas Petrogas have “phenomenal” tight gas prospects in Argentina and expect “explosive” output growth in five years, said Guimar Vaca Coca, managing director of Americas Petrogas.

26 January 2012
Companies & Finance

Rock-bottom prices force ConocoPhillips shut-ins

ConocoPhillips shuts in gas due to low prices, and shifts capex to liquids. Oxy is also avoiding dry gas drilling, but can’t shut in wells, because it produces mostly associated gas.

26 January 2012
Exploration & Production

Obama calls for clean shale drilling

United States President Barack Obama called for continued development of US shale gas, but stressed a need for environmental standards in his State of the Union address on 24 January.

25 January 2012

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