VICTORIA - Shell Canada Ltd. (TSX:SHC) has sent its plans to build a $4-billion pipeline and liquefied natural-gas export terminal at Kitimat in northwestern British Columbia to federal and provincial environmental regulatory agencies. Shell's plans, which are now among at least a half-dozen proposed B.C. LNG developments, include building a natural-gas pipeline from northeastern B.C. to Kitimat, where the liquefied gas will be loaded onto tankers and shipped to Asia. The LNG [Read more]
Alberta scientist claims link of crude oil to fish deformities
By Bruce Cheadle OTTAWA - There appear to be "remarkable similarities" between fish deformities found downstream from Alberta's oilsands and those observed after the Exxon Valdez oil spill in Alaska and after Florida's Deepwater Horizon disaster, says a renowned ecologist. David Schindler of the University of Alberta has written an open letter to two federal cabinet ministers pointing out the recent research findings from scientists as far afield as the Gulf of Mexico. "Given [Read more]
U.S. crude stocks build slightly above expectations
U.S. commercial crude oil inventories increased by 2.7 million barrels from the previous week, slightly above the expected build of ~2.3 million barrels. Total crude oil stocks of 388.6 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories decreased by 0.1 million barrels last week. [table] [attr style="width: 25%"]March 29`[attr style="width: 25%"]March 22`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Lack of pipeline capacity costing Canadian oil producers billions: report
OTTAWA - A new report estimates Canada is losing billions of dollars in unrealized revenues because of its inability to efficiently get its oil to foreign markets. CIBC economists project that the country will continue to lose on average $15 billion a year from the price differential between world oil prices and what its producers get for shipments mostly to the United States. That represents about five per cent of gross domestic economies of Alberta and Saskatchewan. The [Read more]
Alberta tabs oil veteran for regulatory role
EDMONTON – The Alberta government has chosen an oil industry veteran to head up a new board in charge of monitoring environmental rules. Gerry Protti has spent his career with numerous oil and gas companies and is the founder of the Canadian Association of Petroleum Producers. Protti was selected after a national search for someone to lead the Energy Regulatory Board that is to enforce rules on non-renewable resource development. His term is for five years. [Read more]
Expected lifespan of Terra Nova oilfield expanded by seven years to 2027
ST. JOHN'S, N.L. - Newfoundland and Labrador's offshore petroleum regulator says the life of the Terra Nova oil and gas field will be extended by seven years to 2027. The Canada-Newfoundland and Labrador Offshore Petroleum Board says upgrades completed by Suncor Energy (TSX:SU.TO) in January have allowed the field life to be extended from its original estimate of 2020. The upgrades made by the company include the replacement of flow lines at the field, which is about 350 [Read more]
ANNOUNCEMENT: New property sales featuring PNG Exchange listings
We're pleased to announce a new feature to the BOE Report's property sales: PNG Exchange listings. From PNGExchange.com: PNGexchange provides a web-based service to landmen and other oil and gas professionals looking to acquire or dispose of properties. PNGexchange.com benefits companies looking to divest properties by allowing the user to tailor their posting to their desire, while reaching the maximum number of interested parties in the marketplace. Conversely, it allows an acquiring [Read more]
TransCanada seeks binding commitments for project to pipe oil to Quebec, N.B.
CALGARY – TransCanada Corp. (TSX:TRP) has begun seeking firm commitments from parties interested in new capacity for piping oil from the West to the eastern provinces. The Energy East Pipeline project will involve 3,000 kilometres of existing natural gas pipeline converted to carry crude and 1,400 kilometres of new pipeline. The proposed system could stretch as far east as Saint John, N.B., where Irving Oil has a major refinery. It’s one of two proposals for moving oil from [Read more]
Terra Energy Releases 2012 Year-End Financial Results and Reserves Evaluation
CALGARY, ALBERTA--(Marketwire - April 1, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TT.TO) announces its 2012 audited consolidated financial statements, management's discussion and analysis and its reserves evaluation, as prepared by GLJ Petroleum Consultants Ltd. ("GLJ") at December 31, 2012 (the "GLJ Report"). The Company's focus for 2012 was centered on the disposition of mainly non-producing assets during a period of continued low natural gas prices. The Company's 2012 [Read more]
Shoreline Energy Corp. Announces Financial and Operating Results for the Quarter and Year-Ended December 31, 2012
CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Corporation") is pleased to announce its 2012 year-end financial and operating results. A complete copy of the Company's financial statements along with management's discussion and analysis may be obtained at www.sedar.com or on the Company's website at www.shorelineenergy.ca. Fourth Quarter 2012 Financial and Operating Highlights Corporate Record annual revenue of $19.1 million, [Read more]
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