A round up of the past month's key Canadian Energy topics
including Oil Sands, East Coast News, West Coast News, Emerging
Issues can be found in full on the
FMC website, and is provided each month by
FMC's Energy Group.
Oil Sands News
According to the Alberta Energy Resources Conservation Board
(ERCB), bitumen accounted for 78% of Alberta's total oil output
in 2011... Birchwood, a Calgary based private company founded in
2010, has filed a project summary with provincial regulators for a
5,000 bpd Steam Assisted Gravity Drainage (SAGD) oil sands
project... Nexen, a Calgary based oil and gas company, has agreed
to be bought out by the state owned China National Offshore Oil
Company (CNOOC), China's top offshore oil producer... PETRONAS,
a Malaysian company, has agreed to buy all of Progress Energy's
outstanding common shares at a cash price of $20.45 per share...
Smart Sand, a leading supplier of industrial sand for the oil and
gas industry, has partnered with Canadian Pacific Railway (CPR) to
build a new frac sand transload facility to serve Bakken shale
producers in the Williston Basin located in Southern
East Coast News
GRI Simulations, a Canadian company focused on providing
simulation technology for offshore oil construction and production,
has secured $250,000 funding from the Research and Development
Corporation (RDC), a Newfoundland Crown Corporation, to develop a
3‐D software kit that will allow oil companies to
simulate oil field design.
West Coast News
The excellent results for the Liard Basin located in Northern
British Columbia released last month by Apache will require
development of export facilities... Spectra Energy has officially
opened the Dawson processing plant in Bessborough, British
Canadian Arctic News
MGM Energy, a Canadian oil and natural gas exploration company,
has entered into a farmout agreement with Shell whereby Shell has
agreed to fund the drilling and completion of two wells in the
Northwest Territories... Kivalliq Energy, a uranium exploration and
development company, is the first in Canada to sign an agreement
with the Inuit to explore for uranium on their lands.
International Power Canada (IPC) has commenced construction on a
$50 million project, called the Brockville Solar project...
Northland Power, a green power generation company operating
primarily in the provinces of Ontario, Quebec and Saskatchewan, has
secured financing for the construction of six 10 MW projects in
eastern and central Ontario... NorthGrid Solar, an engineering,
procurement and construction company based in Ontario, is nearing
completion of the first phase of its 1.7MW rooftop solar agreement
with The Valecon Group, a commercial property developer.
On the Horizon
The President of Penn West Petroleum believes that industry can
increase light oil recovery from the Cardium formation in central
Alberta by between 1.1 and 2.6 bbbl.
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Ten days following the election, join us for a discussion with Gary Doer, former Canadian Ambassador to the US, and Gordon Giffin, US Ambassador to Canada under Bill Clinton, to discuss how the new President and Congressional makeup will shape US-Canada relations for years to come.
On November 8, 2016, the United States will go to the polls to elect their 45th president. Whether it is Hillary Clinton or Donald Trump, this decision will profoundly shape American policy for the next four to eight years. As our largest trading partner and neighbour to the south, the next US administration will influence a broad range of policy issues that directly impact Canada. These include the future of NAFTA and the TPP, the Arctic and geo-politics, the renewal of the Softwood Lumber Agreement, and the energy sector.
On Thursday, September 22, 2016, Dentons hosted a panel discussion about the management of liabilities and risks associated with environmental crises, including potential liabilities for directors and officers and provided insight into risk and liability techniques associated with environmental crisis management.
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
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