Archive for the ‘International Unconventional’ Category
Fluor completes module fabrication for Fort Hills Energy oil sands
October 19th, 2016 by Latest News
Fluor Corp. said it fabricated and shipped 358 modules to the Athabasca region of Alberta for the Fort Hills Energy LP oil sands mining project. Fluor has an engineering, procurement, fabrication, and construction contract for the utilities portion of …
SemGroup reaches FID for Wapati sour gas plant
October 12th, 2016 by Latest News
Calgary-based SemCAMS ULC, a subsidiary of SemGroup Corp., Tulsa, has taken a final investment decision (FID) to proceed with its previously announced plan to build the proposed Wapiti sour gas processing plant to serve Montney producers in the Wapiti …
Cuadrilla wins approval to frac UK wells
October 6th, 2016 by Latest News
Cuadrilla Resources Ltd., Preston, UK, has received approval of the UK secretary of state for communities and local government to hydraulically fracture as many as four wells at a Bowland basin shale prospect in Northwest England.
The Alberta government has approved three oil sands projects representing 95,000 b/d of oil production and $4 billion (Can.) of potential investment.
AltaGas Ltd. of Calgary has fully commissioned the first phase of its Townsend integrated midstream complex in northeast British Columbia, in the heart of the Montney natural gas play, about 100 km north of Fort St. John and 20 km southeast of the company’s Blair Creek plant.
BP, CNPC sign second Chinese shale gas PSC
September 1st, 2016 by Latest News
BP PLC and China National Petroleum Corp. (CNPC) have signed a second production-sharing contract (PSC) for shale gas exploration, development, and production covering a 1,000-sq km area at Rong Chang Bei in the Sichuan basin.
Alberta GHG cap seen costing $250 billion
August 17th, 2016 by Latest News
A proposed cap on emissions of greenhouse gases (GHGs) will limit production growth from Alberta’s oil sands and cost the provincial economy as much as $254.74 billion (Can.) during 2025-40, according to a study by the Fraser Institute.
WoodMac: Tight gas output triples in Argentina’s Neuquen basin, but costs still vary
August 17th, 2016 by Latest News
A large shift to tight gas production in Argentina’s Neuquen basin is being driven by pricing incentives and lower costs vs. shale gas wells. However, at current costs, only the best tight gas wells break even at the incentivized $7.50/MMbtu gas price, according to analysis from research and consultancy firm Wood Mackenzie Ltd.
The Canadian Environmental Assessment Agency (CEAA) has concluded a public comment period on guidelines for its preparation of a federal environmental impact statement (EIS) for Kitimat Clean Ltd.’s long-planned Kitimat Clean Refinery Project (KCRP), a proposed refinery project to be built about 13 km north of Kitimat, BC.
Citing slumping crude-oil prices and the Alberta wildfires, Suncor Energy Inc., Calgary, reported a second-quarter net loss of $735 million (Can.) and an operating loss of $565 million.