Tourmaline Oil, Canada’s largest gas producer, cut its third-quarter output by 1.5 per cent, or 7,500 barrels of oil equivalent per day , although its full-year production guidance remains unchanged at 507,000 boepd.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Spot natural gas prices at the AECO hub in western Canada tumbled last month and briefly turned negative as maintenance on TC Energy’s NGTL pipeline system cut capacity, leaving gas stranded in Alberta and at the Station 2 hub in British Columbia. “The company shut-in significant gas volumes on certain days in both Alberta and British Columbia,” Kelt said in a statement.
The price collapse came amid a global surge in gas prices to record highs, as European countries scrambled to replace Russian supplies.Article content
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