Despite a drop in early November, the overall upward path of natural gas prices since mid-year appears to vindicate producers who shut in gas earlier this year.

The reduction in Canadian oilsands and natural gas activity in response to lower prices appears to have had little impact so far this year on driving down operating costs, a producer survey has found.

New York (Reuters) - Costs to build new oil and natural gas production facilities appear to be reaching a bottom after a sharp decline earlier this year, according to consultancy IHS Cambridge Energy Research Associates.

Western Energy Services Corp. has entered into a reorganization and investment agreement as it positions itself for growth in the service sector.

Just days before the Copenhagen climate change summit, the Canadian government appears prepared to shift its climate change strategy away from intensity-based emission reduction targets toward legislated absolute emission caps.

Alberta's Wednesday land sale generated $16.3 million in bonus bids, highlighted by a successful $2.5 million licence in the Foothills region.

There was some room for optimism among drilling contractors in November as activity continued to pick up with 42% of rigs at work this week in Western Canada, compared to 36% last week and 31% at the end of October.

With six months gone in the fiscal year, the Alberta government's projected budget deficit has fallen from earlier predictions thanks to higher revenue from oil and corporate income tax and despite sluggish natural gas revenue.

New guidelines aimed at mitigating security threats to Canada's oil and gas pipeline network are not a knee-jerk reaction to recent bombings in northeast British Columbia, but rather a work in progress initiated partly in response to the 2001 terrorist attacks on the United States, officials say.

EnCana Corporation shareholders on Wednesday voted more than 99% in favour of spinning off all crude oil and some natural gas assets into a separate company, Cenovus Energy Inc.

So far in 2009 a total of ten junior oil and natural gas companies have been involved in recapitalization ("recap") transactions. In each case, a new management team has taken the helm of the company, a significant amount of cash has been put into the company and, in many cases, the focus of the company has changed.

A perfect storm of low North American natural gas prices coupled with weaker industrial demand and surging shale gas production in the United States has resulted in delays in the development of all the proposed Canadian liquefied natural gas (LNG) import terminals.

Although only 20 Canadian producers have reported their initial capital spending plans for next year, the clear trend is modestly higher with some $17.3 billion in announced investments, $609 million more than the same companies expect to spend this year.