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Canada’s Pieridae Energy plans CCS in Alberta May 27, 2021 4:32:pm Summary by: Dale Lunan Posted in: Canada’s Pieridae Energy plans CCS in Alberta Canadian LNG developer Pieridae Energy, which has substantial natural gas assets in the foothills of Alberta acquired in 2019 from Shell Canada, said May 27 it is planning what would be the largest carbon capture and sequestration (CCS) project in Canada. Located northwest of Calgary, the Caroline Carbon Capture Power Complex (CCCPC) will be a combination of large-scale CCS and blue-power production. It would capture up to 3mn mt of CO 2 annually – equal to the expected emissions from Pieridae’s planned 10mn mt/yr Goldboro LNG terminal in Nova Scotia – and sequester it in the Caroline field’s depleted natural gas reservoirs. ....
Canada’s Pieridae reaches record gas in Q1 May 14, 2021 3:38:pm Summary by: Dale Lunan Posted in: Canada’s Pieridae reaches record gas in Q1 Canada’s Pieridae Energy, which acquired Anglo-Dutch major Shell’s conventional foothills gas assets in the summer of 2019, said May 13 it reached record natural gas production of more than 215mn ft3/d in Q1 2021. While its net loss increased year-on-year, to C$19.5mn (US$16.06mn) from C$11.5mn, sequentially the loss was reduced from nearly C$46mn in Q4 2020. Cash flow provided by operating activities nearly doubled, to C$11mn from C$6.4mn in Q1 2020, while net operating income and adjusted funds flows from operations rose 9% and 7%, respectively, from the same period last year. ....