Tag: Natural Gas

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Husky Energy may take legal action in gas dispute with CNOOC Ltd.

Husky Energy may take legal action in gas dispute with CNOOC Ltd.

Husky Energy confident dispute can be resolved, but willing to take legal action if necessary By Nia Williams CALGARY, Alberta, April 26 (Reuters) – Husky Energy Inc said on Tuesday it was confident a dispute with China’s CNOOC Ltd over delivery payments for South China Sea gas will be resolved but warned it would take legal […]

April 26, 2016 | By | Reply More
TransCanada expands natural gas pipeline systems in Mexico

TransCanada expands natural gas pipeline systems in Mexico

TransCanada to build Tula – Villa de Reyes natural gas pipeline CALGARY _ On Monday, TransCanada announced it has been chosen to build a US$550 million Tula – Villa de Reyes natural gas pipeline in Mexico. The latest pipeline announcement comes after TransCanada was awarded the Tuxpan – Tula pipeline in November of 2015.  By 2018, TransCanada […]

April 11, 2016 | By | Reply More
Plains Midstream buying Empress NGL for $200M from Westcoast Energy

Plains Midstream buying Empress NGL for $200M from Westcoast Energy

Plains Midstream deal includes extraction and fractionation facility, pipeline, terminals, storage facilities VANCOUVER _ Westcoast Energy is selling its Canadian natural gas liquids business for $200 million to Plains Midstream Canada ULC. The deal includes Westcoast’s Empress extraction and fractionation facility, a transmission pipeline, seven NGL terminals and two storage facilities in Western Canada. Natural […]

April 4, 2016 | By | Reply More
TransCanada to sell dams in Columbia Pipeline Group deal

TransCanada to sell dams in Columbia Pipeline Group deal

TransCanada looking to sell multiple Northeast US assets WEST LEBANON, N.H. _ TransCanada is looking to sell its New England power generation business, including hydroelectric dams on the Connecticut River, in an effort to finance the recently announced purchase of the Columbia Pipeline Group. On March 17, the Calgary-based company reported it had purchased the Columbia Pipeline Group of […]

March 28, 2016 | By | Reply More
Pembina Pipeline to pay $556M for Paramount sour natural gas processing assets

Pembina Pipeline to pay $556M for Paramount sour natural gas processing assets

Pembina Pipeline deal will add 250 million cubic feet per day of processing capacity CALGARY _ Pembina Pipeline Corp. (TSX:PPL) says it will pay more than $550 million to buy natural gas processing assets from Paramount Resources. The Musreau complex assets, some 15 kilometres from Pembina’s Cutbank complex near Grand Prairie, Alta., include Paramount’s recently […]

March 17, 2016 | By | Reply More
TransCanada to snap up Columbia Pipeline Group for US$13 billion

TransCanada to snap up Columbia Pipeline Group for US$13 billion

TransCanada deal expected to close in second half of 2016 CALGARY _ TransCanada’s already hefty North American natural gas pipeline footprint is poised to get even bigger with a US$13-billion deal to buy Columbia Pipeline Group. Columbia operates a 24,000-kilometre pipeline network that stretches from New York to the Gulf of Mexico, tapping into prolific […]

March 17, 2016 | By | Reply More
BC natural gas supplies much higher than initially estimated

BC natural gas supplies much higher than initially estimated

BC natural gas supplies estimated at over 3,400 trillion cubic feet CALGARY _ One of the world’s largest supplies of shale natural gas is sitting beneath an area spanning the British Columbia, Yukon and Northwest Territories boundaries, according to a new study. But with dismal commodity prices and no immediate way to export the gas […]

March 16, 2016 | By | Reply More
Vermilion Energy sees Irish gas field as key source of growth in 2016-17

Vermilion Energy sees Irish gas field as key source of growth in 2016-17

Vermilion Energy Corrib offshore project began producing Wednesday CALGARY _ Vermilion Energy (TSX:VET) says the Corrib offshore natural gas in Ireland began producing for the first time on Wednesday. “First gas marks an important milestone for Vermilion” said Lorenzo Donadeo, CEO of Vermilion. The Calgary-based company expects output to rise over six months and Vermilion’s […]

December 30, 2015 | By | Reply More
Encana to exit Louisiana, reap US$1.3 billion in cash and savings through sale

Encana to exit Louisiana, reap US$1.3 billion in cash and savings through sale

Encana deal worth over $1.3 billion in cash and savings CALGARY – Encana Corp. (TSX:ECA) is exiting Louisiana through a proposed deal worth more than US$1.3 billion in cash and savings. The Calgary-based oil and gas producer will receive US$850 million cash and reduce its commitments by about US$480 million through the sale of its Haynesville natural gas […]

August 25, 2015 | By | Reply More
TransCanada inks Energy East deals with 3 natural gas distributors in Ont., Que.

TransCanada inks Energy East deals with 3 natural gas distributors in Ont., Que.

TransCanada to size Eastern Mainline Project to meet contracts MONTREAL – TransCanada Corp. resolved a major challenge to its $12-billion Energy East project after reaching an agreement with three natural gas distributors who say the deal insulates customers from the additional costs of converting the pipeline. Under the agreement announced Monday, customers in Ontario and Quebec won’t be […]

August 24, 2015 | By | 1 Reply More