The US Department of Energy has granted Liquefied Natural Gas Ltd., (LNG Ltd.), authorization to export and begin building their $4.3 billion Magnolia LNG Project proposed facility in Lake Charles, Louisiana. Greg Vesey, LNGL Managing Director and CEO, advised, “Our Magnolia project team is very pleased to have successfully received this final piece of the
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A new oilfield with over 50B barrels of crude oil has been discovered in Iran’s south. The site, which could become the country’s second largest oilfield, could boost the nation’s reserves by as much as one third. The field spans over 24,000 square kilometers (9,266 square miles) and is located in the oil-rich province of
An oilfield compressor station explosion late Thursday night has resulted in three workers being sent to hospital. All three workers were rushed to hospital with severe burns. The explosion occurred near the Community of Carpenter, Wyoming, 20 miles southeast of the state’s capital. Companies have drilled dozens of oil wells in the area over the
CNRL’s 2020 budget will be $250M higher than last year, adding 60 drilling locations and creating some 1000 additional new jobs for Albertans. Canadian Natural’s 2020 capital budget is targeted to be $4.05 billion, of which approximately $1.55 billion is allocated to conventional and unconventional assets and approximately $2.5 billion is allocated to Long Life
More good news for the Alberta energy industry. With recent news of Transmountain construction underway along with Line 3 placed into service, the UCP government has given now given approval for a new oil sands development to be built northwest of Conklin producing 12,000 barrels of bitumen per day. The Alberta Energy Regulator reviewed the
Trans Mountain Corp. is preparing to officially start construction on its pipeline expansion after years of delay, & 4,200 people should be employed by end of the year. Ian Anderson, president and CEO of Trans Mountain made the announcement Tuesday afternoon west of Edmonton in Acheson along with federal Natural Resources Minister Seamus O’Regan, provincial
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