Posts Tagged ‘calgary’

Pan Orient makes Thai grab

by on November 6, 2012 1:55 pm BST
The Calgary-headquartered company is to gain a stake of up to 60% in the L45/50 concession following the agreement with Mitra Energy.Once Pan Orient completes a 3D seismic programme of around 80 square kilometres, it can take its holding up to 60% and gain operatorship. It anticipates drilling a

Companies ‘more keen’ on Canada’s gas

by on November 1, 2012 8:46 pm BST
Three of the five largest energy acquisitions announced by foreign buyers in Canada this year, valued at a combined $9.8 billion, were for natural gas assets, according to data compiled by Bloomberg. The trend will continue next year as LNG developers move closer to commissioning projects, said Robert Mark, who

Talisman green-lights MonArb project

by on October 24, 2012 2:20 pm BST
The Canadian explorer also announced that Offshore Group Newcastle (OGN) had secured an engineering, procurement and fabrication contract worth more than $80 million for the project’s jacket.The Calgary-based player credited the recently introduced UK brownfield tax allowance as the key to getting the project developed.“Our decision to

Calgary’s Tourmaline Oil buys Huron Energy for $258m

by on October 23, 2012 2:14 pm BST
Calgary-based, Toronto-listed Tourmaline Oil said that the deal would give it 5500 barrels of oil equivalent per day in extra output as well as a significant new asset base in the liquid-rich Montney play of north east British Columbia.The buy hikes Tourmaline Oil’s Montney portfolio to 186 sections