Study Finds Canadian and US Shale Gas Plays Each Have Advantages

A comparison of North America’s two major shale gas plays shows that producers in the dry gas US Marcellus play have a supply cost advantage, but Canadian producers in the liquids-rich Montney play enjoy higher netbacks.

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Gascade Splits Eugal Ownership

Germany's Gascade is splitting its ownership of the European Gas Pipeline Link (Eugal) with Belgian Fluxys, Dutch Gasunie and fellow German firm Ontras, they said October 18.

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Canada's Cenovus to Sell Palliser Gas Asset

Canadian producer Cenovus Energy said October 19 it has reached agreement to sell its southern Alberta Palliser Block for C$1.3bn (US$1bn) to a partnership of Torxen Resources and oilfield services provider Schlumberger.

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Norwegian Output Dips in Sept vs Aug

Norway's gas production in September was 9.6bn m³, down slightly on August's 10.3bn m³ saleable gas production, but up on last year's actual production in September and also up compared with what was forecast for September back in December 2016, according to the offshore regulator, the Norwegian Petroleum Directorate's statement October 19.

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BP Chairman to Step Down

BP said October 19 that Carl-Henric Svanberg intends to retire as its chairman, but not immediately. The Swedish executive has informed BP's board that he will chair the company's annual general meeting in May 2018 and remain in position until a successor is in post.

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