CERAWeek: IEA forecasts second wave of US shale production

Oil production growth is expected in producing countries outside the Organization of Petroleum Exporting Countries through 2023, particularly US shale production, Fatih Birol, International Energy Agency executive director, said a news conference at CERAWeek by IHS Markit in Houston. Source: News


Questerre announces Montney drilling in Quebec’s Kakwa acreage

Questerre Energy Corp. has joined with an undisclosed partner in its Kakwa North acreage’s Montney formation in Quebec. Questerre will also drill up to six shallower horizontal wells on the acreage in 2018. Source: News


TransCanada holding additional NGTL open season

TransCanada Corp. is holding a binding open season for expanded capacity at its Nova Gas Transmission Ltd. (NGTL) system’s Empress-McNeill export delivery point. Source: News


IEA: more investment needed to spur oil supply after 2020

Oil production growth from US, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. Source: News


PNG-LNG project off line for 8 weeks

PNG-LNG project operator ExxonMobil says preliminary assessment of the damage to its facilities in the Southern Highlands from last week’s earthquakes indicates it may take up to eight weeks to repair and restore production. Source: News