CALGARY - Calmena Energy Services Inc. (TSX:CEZ) has agreed to sell its remaining Canadian contract drilling assets for $15 million to CanElson Drilling Inc. (TSX:CDI). CanElson says the three rigs it's acquiring from Calmena are fully crewed and currently contracted, with two of them operating in Alberta. The all-cash deal is not subject to CanElson obtaining financing, and is expected to close by Wednesday. Calmena has been exploring its strategic alternatives and announced [Read more]
US university plans to build, study fracking well
COLUMBUS, Ohio (AP) — Ohio State University says its researcher want to install and study a gas well in eastern Ohio to study the process of hydraulic fracturing, or fracking. The Columbus Dispatch reports that the shale drilling well would be built on university owned land in Noble County. Supporters say it provides researchers opportunity to study how shale drilling alters the environment and assess pollution risks to the air and groundwater. The process requires a 200-foot-tall drilling [Read more]
Paul McCartney offers free show tickets to Lac Megantic survivors
MONTREAL - Paul McCartney is reaching out to those affected by the Lac-Megantic train disaster, giving free tickets to his Quebec City show to the survivors.The rock legend is also expected to address the survivors in attendance at next week's show."We've been told that Paul McCartney will say something about Lac-Megantic during his concert but we don't know yet what he'll say exactly," said Rachel Dupuis, a spokeswoman for concert promoter 3 E Event, Experience, Emotion.The idea was [Read more]
Transportation Safety Board calls for two immediate changes in wake of Lac Megantic
LAC-MEGANTIC, Que. - The Transportation Safety Board is calling for two immediate changes in rail policy following the Lac-Megantic catastrophe. The agency isn't waiting for the results of its multi-month investigation, which has just begun, to make the recommendations. It has sent Transport Canada two safety advisories asking for a pair of changes: first, that dangerous goods not be left unattended on a main track and, also, that rail equipment be properly secured. "As this [Read more]
US federal study finds frac fluid doesn’t spread
PITTSBURGH (AP) - A landmark federal study on hydraulic fracturing, or fracking, shows no evidence that chemicals from the natural gas drilling process moved up to contaminate drinking water aquifers at a western Pennsylvania drilling site, the Department of Energy told The Associated Press. After a year of monitoring, the researchers found that the chemical-laced fluids used to free gas trapped deep below the surface stayed thousands of feet below the shallower areas that supply drinking [Read more]
Deadly derailment won’t stop oil on trains
BY JONATHAN FAHEY AP ENERGY WRITER NEW YORK (AP) -- A train loaded with crude oil could soon roll through a town near you. A fiery and fatal train derailment earlier this month in Quebec, near the Maine border, highlighted the danger of moving oil by rail. But while the practice could be made safer, it won't be stopped in its tracks. This year, more trains carrying crude will chug across North America than ever before - nearly 2,400 carloads a day. In 2009, there were just 31 carloads a [Read more]
Oil tops $108 a barrel for 1st time since March 2012 on US economic news
NEW YORK - The price of oil shot to a 16-month high Thursday on signs the U.S. job market is improving, although not by enough to prompt the Federal Reserve to pull back on its bond-buying program. Benchmark crude for August delivery rose $1.56 to finish at $108.04 a barrel, the highest close since March 19, 2012. Oil has jumped more than $11 a barrel in July, and pushed up the price of gasoline along with it. Gasoline futures have gained 13 per cent since July 1, and the average [Read more]
CNRL ordered to restrict steam injection at oilsands site after leak
CALGARY - The Alberta Energy Regulator has ordered Canadian Natural Resources Ltd. to restrict steam injection, enhance monitoring and accelerate cleanup at its Primrose and Wolf Lake oilsands projects. The move comes three weeks after the AER reported an emulsion of oilsands bitumen and water had been released on the Cold Lake Air Weapons Range. Click here to read the release from the AER. [Read more]
Alberta Energy Regulator orders enhanced monitoring and further steaming restrictions at Primrose and Wolf Lake projects due to bitumen emulsion releases
Calgary, Alberta (Jul 18, 2013)… The Alberta Energy Regulator (AER) has ordered Canadian Natural Resources Limited (CNRL) to restrict steam injection, enhance monitoring, and continue to accelerate cleanup efforts at its Primrose and Wolf Lake high pressure cyclic steam stimulation (HPCSS) project following incidents involving the release of bitumen emulsion to surface within the project area located in the Cold Lake region. Earlier this year, as a result of three releases of bitumen [Read more]
Environmentalists fire latest salvo in battle against Keystone XL
WASHINGTON (AP) - Another year, another allegation of conflict of interest regarding TransCanada's Keystone XL pipeline — this time in a lawsuit by Friends of the Earth that alleges close ties between the Obama administration and lobbyists for the project.The environmental group is accusing the State Department of stonewalling its attempts to get more information about the connections between TransCanada lobbyists, the province of Alberta and high-ranking officials in the Obama administration [Read more]
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