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North America

Calima hitting all of its targets with the drill bit and in the marketplace

Followers of ASX-listed oil and gas specialist Calima Energy Ltd (ASX: CE1) have had plenty to celebrate over the New Year period with the company successfully hitting a number of key targets – both in the field and in the marketplace. Calima, which is currently fully focused on developing its exciting opportunities in the world-class Montney oil and gas play in Canada, has recently completed a multi well drilling campaign

Calima now a producer after bringing Canadian well on stream

AUSTRALIAN junior Calima Energy Limited (ASX: CE1) has achieved is first production with the successful recommencement of oil flow from the Paradise well in Canada. Calima Energy acquired a 50% interest in the Paradise well via the acquisition of TSV Montney Limited (TSVM) and subsequently and elected to acquire the remaining interest via a payment of C$130,000 after a desk top study confirmed its viability. The well, which is located

Calima jumps on promising Canadian drilling results

THE share price of ASX-listed Calima Energy Limited (ASX: CE1) jumped more than 11 per cent in early markets after the company reported promising early results from coring operations at its maiden well into the prolific Montney Formation in Canada. Calima reported that elevated gas readings were recorded during coring operations of its Calima Tommy A-54-C/94-G-09 well, with a large section of the targeted Montney Formation successfully cored. The well

BHP wins bid for two offshore Canada exploration blocks

BHP has been named by the Canada Newfoundland and Labrador Offshore Petroleum Board as successful bidder to acquire a 100% participating interest in, and operatorship of, two exploration licences for blocks 8 and 12 in the offshore Orphan Basin in Eastern Canada. Steve Pastor, BHP president Operations Petroleum, said the successful bids are an exciting opportunity for BHP to explore for world class conventional oil assets as an early mover

Australia’s Calima to benefit from US$21.5 billion LNG Canada go-ahead

ASX-listed Calima Energy (ASX: CE1) has welcomed the news that a Shell-led JV has approved the go-ahead for the massive LNG Canada project at Kitimat. Calima, which is preparing to drill its first well in its Montney project area in Canada, is expected to see benefits from the billions in new infrastructure that will located near its assets, as well as a forecast increase in local gas and liquids pricing.

BHP to sell onshore US assets to BP for US$10.8 billion

BHP has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned subsidiary of BP Plc, has agreed to acquire 100% of the issued share capital of Petrohawk Energy Corporation, the BHP subsidiary which holds the Eagle Ford,

Calima cleaning up final shares in Canadian partner acquisitions

ASX-listed Calima Energy Limited has moved a step closer to full ownership of its partners in the company’s promising Canadian oil and gas project by moving to compulsory acquire the remaining shares in TMK Montney Limited (TMKM) and TSV Montney Limited (TSVM). Calima announced the “friendly” takeover offers to the ordinary shareholders of each of TSVM and TMKM in May 2018 and has noe acquired 98.08% of TMKM’s and 91.20%

Calima to benefit from $72 billion of proposed investment in Western Canadian gas pipeline infrastructure

A STRATEGIC review undertaken by Australian oil and gas company Calima Energy Limited has identified a number of new opportunities to support its proposed development of its large land-holding in the hydrocaron rich Montney play in Canada. Calima, which is targeting becoming a gas and condensate producer within the next six months, has identified more than C$70 billion (approx. A$72 billion) of proposed infrastructure investments potentially adding more than 8

ExxonMobil to triple Permian Production by 2025

ExxonMobil has announced plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. The company said recent changes in the U.S. corporate tax rate create an environment for increased future capital investments, including ExxonMobil’s plan to spend

Record breaking fracking sand train move

HALLIBURTON and U.S. Silica Holdings, Inc. have moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White frac sand from Ottawa, Illinois to Elmendorf, Texas. The train is the largest frac sand unit of its kind shipped to date in North America. “Utilising sand unit trains enables Halliburton to respond to customers’ needs on a shorter timeline and deliver cost efficient sand on location to drive