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Kitimat LNG: Canadian Natural Gas to Asia

admin — Mon, 10 Oct 2011 05:40:03 +0000

A terminal to ship liquefied natural gas from Canada to Asian markets is being built near Kitimat, British Columbia. The terminal will have a significant transportation distance advantage over natural gas projects being built in Australia and Indonesia.

How Much Oil is in the Bakken?

admin — Tue, 04 Oct 2011 05:56:04 +0000

Although the United States Geological Survey estimates that the Bakken Formation beneath parts of North Dakota, Montana and Canada might contain over 4 billion barrels of oil, Harold Hamm, believes that it might contain up to 24 billion barrels.

Record North American Oil Production by 2016?

admin — Thu, 29 Sep 2011 17:35:44 +0000

An article in the Houston Chronicle points to the rapidly rising rates of oil production in the United States and Canada. If current trends continue North America could be producing record amounts of oil by 2016.

Record North American Oil Production by 2016?

admin — Thu, 29 Sep 2011 17:35:44 +0000

Natural Gas to Asia from Kitimat, BC

admin — Tue, 16 Aug 2011 05:18:43 +0000

Natural gas prices in Asia are three times higher than prices in North America. Natural gas producers, Apache, Encana and EOG Resources hope to cash in on that by building a liquefied natural gas plant near Kitimat, British Colombia that will prepare LNG for shipment to Asian customers.

Canadian LNG for Asia-Pacific

admin — Wed, 27 Jul 2011 02:18:07 +0000

Construction on the Kitimat LNG export terminal is about to begin. The facility on the northern coast of British Columbia is being built with an eye on the Asia-Pacific market. New terminals are also underway at Douglas Channel and Prince Rupert. Most of the gas for these terminals is coming from new shale plays.

US Imports of Natural Gas Drop Sharply

admin — Tue, 31 May 2011 16:44:22 +0000

“Net imports of natural gas continue at much lower levels than in previous years, likely as a result of higher U.S. domestic production. [...] During the report week, net Canadian imports averaged 5.3 Bcf per day, which is 20.7 percent lower than the same week in 2010. Sendout from U.S. liquefied natural gas (LNG) import terminals averaged about 1.1 Bcf per day during the report week, or 8.2 percent lower than the same week in 2010.” Quote from the Energy Information Administration’s Natural Gas Weekly Update.

Canadian Natural Gas Production Drop Expected

admin — Sun, 15 May 2011 14:14:40 +0000

An oversupply of natural gas in the United States and the movement of natural gas drillers to more lucrative oil targets is expected to cause a drop in the amount of natural gas produced in Canada. More in the Calgary Herald.

Macasty Shale – Anticosti Island, Quebec

admin — Mon, 09 May 2011 17:02:50 +0000

An article on the OilPrice.com website reports on the Macasty Shale that occurs above the Trenton Black River on Anticosti Island, Quebec, Canada.

PetroChina Buying Canadian Shale for $5.4 Billion

admin — Wed, 16 Feb 2011 16:21:51 +0000

PetroChina plans to purchase half of EnCana’s Montney Shale assets in Alberta and British Columbia for $5.4 billion (Canadian). In the past 14 months Chinese oil and gas companies have acquired $46 billion in foreign resources. More at RigZone.com.

Public Opposition to Utica Shale Development in Quebec

admin — Sun, 30 Jan 2011 22:50:51 +0000

An article in the Montreal Gazette says that development of the Utica Shale in Quebec is encountering public opposition. In Quebec, landowners do not directly participate in natural gas royalties and lease payments as is customary in the United States.

How Much Oil is in the Bakken and Three Forks Formations?

admin — Sat, 29 Jan 2011 22:47:10 +0000

Diverging estimates by three different organizations with significant expertise in oil and natural gas assessments leave one wondering how much oil really is in the Bakken and Three Forks Formations? Read the details on the Trib.com website.

Here are the estimates….
USGS…. 4.3 billion barrels
North Dakota Geological Survey…. 11 billion barrels
Continental Resources…. 20 billion barrels

Romancing the Utica Shale in Quebec

admin — Wed, 19 Jan 2011 20:53:59 +0000

Michael Binnion, CEO of Questerre Energy, is spending a lot of time meeting with citizen groups across Quebec, trying to convince them that drilling for the Utica Shale will be a safe development in their province. There has been very little energy activity in Quebec’s history. More at the Calgary Sun.

Utica Shale: The Natural Gas Giant Beneath the Marcellus

admin — Thu, 06 Jan 2011 16:49:47 +0000

A rock layer below the Marcellus Shale could prove to be another incredible source of natural gas. The Utica Shale is thicker, more geographically extensive and has already proven its ability to support commercial production.

View the article, maps and other graphics at Geology.com.

Sassol Buys Into the Montney Shale

admin — Tue, 21 Dec 2010 03:33:04 +0000

Sassol, a South African oil and gas company, will pay Talisman Energy $1 billion for a stake in the Montney Shale gas play of British Columbia. More in the Globe and Mail.