Monday, September 8, 2025

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

From Alaska Highway News After a hiatus of more than two years, Petronas Energy Canada Ltd. is back in the field in Northeast B.C. as it begins drilling to underpin its share of natural gas for the LNG Canada export project. However, the former Progress Energy Canada Ltd. has no plans to return to the frenetic pace of 2013-2014 when

Alberta’s Output-Cut Mandate May Be Driving Oil Prices Too High

From Bloomberg Alberta’s plan to boost crude prices through mandatory production cuts is working a little too well. Just over a week after Premier Rachel Notley announced that oil producers will be required to curtail output by 8.7 percent, the price of heavy Canadian crude has more than doubled, in some cases rendering Western Canadian Select too expensive to ship

Alberta Seeks Refinery Proposals to Prevent Future Oil Shocks

From Bloomberg Alberta’s government is seeking expressions of interest for adding crude-refining capacity as the oil-rich province works to extract more value from its resources. The province will accept submissions until Feb. 8 and will consider greenfield projects and expansions at existing sites. At this point, the government is only seeking a sense of the projects companies are considering and

Brexit or Not, Britain’s Oil and Gas Business Is Booming

From The Wall Street Journal Norwegian oil giant Equinor AS is doing something few companies have dared to do ahead of the U.K.’s planned exit from the European Union. It’s investing in Britain. The state-backed energy company formerly known as Statoil has an ambitious plan for investments in the U.K.’s oil-rich North Sea. When much of the U.K. economy is on ice, Equinor is hiring

Dominion Suspends Work on Full Route of Atlantic Coast Natural Gas Pipeline after Court Stay

From S&P Global Houston — Dominion Energy has suspended construction on the full 600-mile route of the Atlantic Coast Pipeline, except for some ‘stand-down’ activities, after an appeals court stay last week, the company told the US Federal Energy Regulatory Commission Friday. Dominion said its action to halt work on the natural gas project was in response to the 4th US

Oil Tanker Owners Find Solace in Shale as OPEC Readies Cuts

From Bloomberg America’s shale boom could be about to spare the world’s oil tanker owners from a typical OPEC ravaging. The producer group and allies decided on Dec. 7 to restrict output from the start of next year by about 1.2 million barrels a day, adding to deeper cuts two years earlier. Under normal circumstances, that would be a dire turn of