Talisman Energy exits GTL project

After participating in Sasol Canada's feasibility study for a GTL (gas-to-liquids) facility, Talisman Energy has decided not to proceed with the next phase of the project.

"After careful consideration, we have concluded that there are better ways to allocate capital in support of our strategy," said John A. Manzoni, President and Chief Executive Officer. "Talisman's immediate focus is to accelerate investment in near-term liquids opportunities, with the goal of increasing liquids and oil-linked gas production to 300,000 barrels a day by 2015. We wish Sasol every success as they evaluate the next phase of this project, and we look forward to continuing a positive relationship in the joint development of our Montney assets."

Talisman was granted the option to participate in the feasibility study as part of the ongoing partnership between Talisman and Sasol that includes two 50 per cent working interests in two natural gas assets and associated infrastructure in Talisman's Montney shale resources in northeast British Columbia. Talisman's decision to exit the GTL project will not impact the upstream partnership.

Sponsor:

News Category:

Company News

Other News Items

Maximizing Performance in Oil & Gas with Real-Time Analytics

(Webinar) - In an industry shaped by fluctuating market conditions and tight operational margins, oil & gas producers are increasingly relying on data-driven strategies ...

11-06-2025
Unlocking the potential of waste for advanced conversion pathways

(Webinar) - This session offers a detailed exploration of HTW® gasification technology, a proven solution for converting diverse feedstocks into clean syngas, which ...

05-06-2025
ABB selected as main automation contractor for one of the first industrial CCS clusters in the UK

ABB has been selected by integrated global energy company Eni as the main automation contractor for HyNet, one of the UK’s first industrial decarbonisation clusters ...

14-05-2025
Univation Technologies announces the next-generation of the UNIPOL™ PE process platform

Univation Technologies, LLC announces the next-generation of the UNIPOL™ PE Process platform with its newest world-scale licensed capacity offering of an 800,000 tonnes ...

12-05-2025
thyssenkrupp Uhde successfully commissions EnviNOx® emission reduction system

thyssenkrupp Uhde is proud to announce the successful commissioning of its EnviNOx® system for Covestro Polymers (China) Co. Ltd. at their nitric acid plant in Shanghai ...

12-05-2025
Petrovietnam expanding partnerships in the energy sector

As part of the State diplomatic visit to the Republic of Azerbaijan from May 7 to 8, General Secretary Tô Lâm and President of the Republic of Azerbaijan Ilham Aliyev ...

10-05-2025
Zeopore fulfilling first customer orders

Zeopore, a leading innovator in zeolite enhancement technologies for high catalytic performance, proudly announces that its recently commissioned semi-industrial production ...

08-05-2025
Messe Frankfurt and DECHEMA team up for new ACHEMA Middle East

DECHEMA, which organises the ACHEMA, the leading trade show for the global process industry, launches ACHEMA Middle East in Saudi Arabia together with Messe Frankfurt. ...

06-05-2025
ABS and Akselos complete technical assessment for structural digital twin technology

ABS, a global leader in providing classification services for marine and offshore assets, with Akselos S.A., a global leader in structural performance management software; ...

06-05-2025
Sunoco to acquire Parkland

Sunoco LP and Parkland Corporation announced today that they have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in ...

05-05-2025