development

60% of Canadian business energy research and development spent on fossil fuels

Innovation

In-house R&D spending on to non-emitting and renewable energy declined from $644 million in 2014 to $492 million in 2015 Research and development spending on fossil fuels accounts for more than half of energy research and development by businesses, according to the latest data released by Statistics Canada. In 2015, $1.6 billion of in-house research and development (R&D) expenditures in Canada were directed to […]

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Chevron to develop Duvernay, calls it one of most prospective plays in North America

Canada

“Duvernay formation one of most prospective liquids-rich shale plays in North America” Chevron Canada Limited announced it’s moving into development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta, according to a press release. The decision follows a successful three-year appraisal program by Chevron. It’s anticipated the initial development program will comprise

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British Columbia sets up advisory council to meet climate goals

Canada

Council will work with industry, Ottawa to address emissions-intensive sectors, according to Horgan govt. A new advisory council introduced by B.C. Environment and Climate Change Strategy Minister George Heyman will provide strategic advice to government on areas of focus for climate action that go hand in hand with economic growth, according to a press release.

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MCW Energy announces EOR plan for depleted Permian Basin oil wells

USA

MCW $1.5 mil Phase 1 completion demonstrates commercial viability for potential in 200  depleted wells MCW Energy Group Limited, a clean-tech company with proprietary soil remediation and extraction technologies, announced its plan to develop the property and existing wells contained within the 7,000 acre Wardlow, TX field acquired in its recent acquisition of Accord GR Energy, Inc. The

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Investments in US exploration & production firms resilient despite low oil, gas prices – Fitch

Energy Financial

Oversupply has worked its way into refined products, affecting US refiners’ profitability and utilization CHICAGO – The US investment- grade exploration and production (E&P) sector has weathered the two-year commodity price downturn mostly unscathed, according to Fitch Ratings’ North American Exploration and Production Handbook. Most companies in Fitch’s monitored universe had stable or higher amounts available

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Oil, gas development helping American consumers save money – API

News

EIA projects 2016 to see lowest levels of energy-related carbon emissions in quarter century, thanks to low natural gas prices WASHINGTON – US consumers have continued to take advantage of America’s energy revolution and affordable gas prices as we head into the fall season, said API Chief Economist Erica Bowman on a conference call with journalists.

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Thanks to shale, Marcellus and Utica see manufacturing resurgence

Uncategorized

Thanks to shale development, good things are in the works for Appalachia that equate to more jobs, greater economic stimulation, and new manufacturing opportunities Basin that encompasses Pennsylvania, Ohio and West Virginia has a long history of being a manufacturing hub. This region in the Ohio Valley and throughout Southwestern Pennsylvania recently went from being

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Manufacturers’ study shows big economic benefits of natural gas, pipelines

Uncategorized

Natural gas is vital to US manufacturing sector and benefits economy as a whole By Matt Mandel, Energy In Depth A recent study from IHS Economic, commissioned by the National Association of Manufacturers (NAM), puts into perspective how beneficial natural gas development and natural gas pipeline expansion can be for the U.S. economy, domestic manufacturers,

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EQT acquires 62,500 core Marcellus acres for $407 Million

Energy Financial

Acquisition includes drilling rights on an undeveloped 53,000 net acres for the deep Utica PITTSBURGH – EQT Corporation today announced that it has signed a definitive agreement to acquire 62,500 net acres, and current natural gas production of 50 MMcfe per day from Statoil USA Onshore Properties, Inc. (Statoil), $407 million, subject to customary closing conditions.

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