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northernbcbusiness.comLiquified Natural Gas | Northern BC Business - Part 2 – page 2northernbcbusiness.com

Painted Pony announces lower spending in the next two years, along with increased production

Painted Pony Petroleum has announced its updated 2017 capital budget and 2018 development plan details. Painted Pony has says that it will reduce capital spending during the next two years to ensure that it maintains its financial flexibility. In 2017, the company has reduced capital spending from its previously announced capital budget of $319 million to $288 million. The company forecasts average daily production of approximately 260 million cubic feet equivalent per day, an 85% […]

Natural Resources Development in Northern British Columbia

Here in Northern BC the next 6 months will be busy with numerous projects in the natural resource sector. In the short term there are a number of events that will help set the pace forward for the next 10-20 years of business development. Cambridge House First up is the Cambridge House Vancouver Investment Resource Show January 22-23 at the Vancouver Convention Centre. This show is slowly bouncing back with companies looking for investors for […]

B.C. looks forward to decision on Pacific NorthWest LNG terminal

From the Globe and Mail B.C. Deputy Premier Rich Coleman believes in the long-term prospects for exporting liquefied natural gas from British Columbia, saying patience is a virtue during an industry slump. Pacific NorthWest LNG, led by Malaysia’s state-owned Petronas, is a high-profile consortium that will be closely watched in 2017. Mr. Coleman, who is also Natural Gas Development Minister, said based on his discussions with Petronas management, a final investment decision will be made […]

Petronas said to eye new island for $27-billion Canadian LNG plan to ease opposition

Malaysia’s Petroliam Nasional Bhd. is seeking to move ahead with a proposed US$27 billion liquefied natural gas plant in western Canada after identifying a new site for shipping the fuel, a shift that may help reduce costs and quell local opposition. Petronas’s Pacific NorthWest LNG project would continue as planned with the liquefaction plant on Lelu Island in British Columbia. The company would move the docking facilities to neighbouring Ridley Island, where ships would berth […]

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