What’s emerged out of the late-February, 2017 Natural Gas Summit in Frankfurt, Germany is that Europe has extended solid support to Iran to allow that country to move forward with some of the largest natural gas and liquefied natural gas (LNG) projects in more than a decade. While there are still long negotiations ahead, a…
In 2016, Canada shipped almost all its oil exports south to the United States. That changed in 2017. Last month, a ship loaded oil off Newfoundland and set sail on a 16,000 kilometre voyage to China. This followed a cargo of western Canadian oil sands shipped from the U.S. Gulf Coast to India. Producers are…
It used to be that liquefied natural gas (LNG) was sold using long-term contracts with a specific buyer, usually having an international destination. However, late last year, that changed when a tanker cargo of U.S. shale gas — chilled LNG – left Louisiana, went through the Panama Canal and unloaded at Mexico’s Manzanillo terminal. Its…
Nsolv Corporation announced in early March, 2017 it had completed the optimization phase of its pilot oil sands project near Fort McKay, AB three years after it launched (January, 2014) and achieved exceptional results. It has produced more than 125,000 barrels of oil, generated very little greenhouse gas (GHG) emissions, used no water, and experienced…
Natural Resources Canada’s (NRCan) Extractive Sector Transparency Measures Act (ESTMA) sets out mandatory reporting measures for the extractive industry. The Act aims to increase transparency and deter corruption by having companies engaged in the commercial development of oil, gas, and minerals publicly disclose each year specific payments made to governments in Canada and abroad. Publicly-traded…
In mid-March, 2017 Royal Dutch Shell announced it had abandoned its plan to construct a liquefied natural gas (LNG) facility in Prince Rupert, BC. The project, located at the south of Ridley Island, was one the company had received when it purchased BG Group in 2016. The good news is Shell reconfirmed its commitment to…
