CALGARY – Two downtown properties near The Bow tower project, either owned or jointly-owned by Calgary energy giant Encana, are on the market for sale, the Herald has learned.
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Tag Archives: Encana
Encana to cut spending, grow oil and natural gas liquids production in 2014
CALGARY — Encana Corp.’s capital spending is expected to come in 10 per cent lower next year, while production of valuable oil and natural gas liquids is targeted to rise by 30 per cent, the company announced Wednesday.
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Encana cutting workforce by 20 per cent, slashing dividend in new strategy
CALGARY – Encana Corp. is cutting its workforce by 20 per cent, slashing its dividend and spinning off a huge chunk of its Alberta land holdings into a new public company as part of a “bold” strategy unveiled by its new CEO on Tuesday.
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Encana to double liquids output as gas prices stay weak
Encana Corp. (ECA-T 18.15 -1.33 -6.83%), Canada’s largest natural gas producer, said output of crude oil and natural gas liquids such as ethane and propane is expected to nearly double this year, helping the company reduce its dependence on low-margin natural gas.
The company plans to direct 80 percent of its capital budget this year towards drilling for oil and gas-liquids. It has a capital spending plan of $3 billion US to $3.2 billion for 2013. Gas production is expected to change little this year.
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Encana opens first LNG facility in Alberta
EDMONTON – Encana opened its Cavalier liquefied natural gas (LNG) facility near Strathmore just east of Calgary on Tuesday, marking a milestone in the firm’s efforts to make the less expensive fuel an alternative to diesel for long-haul trucks in Canada.
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New production facility to be operational by end of 2013
Encana Corporation, one of North America’s largest natural gas producers, has announced it will build a liquefied natural gas plant in the Grande Prairie area in partnership with Ferus LNG Inc.
The 190,000-litre-per-day LNG production facility will be located close to Grande Prairie, however the company isn’t yet revealing its exact location.
“We can’t give you the exact location yet,” said David Hill, vice president of operations for Encana. “We just don’t want to jeopardize the final negotiations. We have a couple of parallel tracks that we’re pursuing,” adding the final location will be announced within 30 days.
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PetroChina inks $2.18B deal with Encana
CALGARY — Less than a week after the federal government clarified rules on state-owned enterprise investments in Canadian energy companies, Encana Corp. has announced a $2.18-billion joint venture with PetroChina.
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