EDMONTON - British Columbia Premier Christy Clark and Alberta's Alison Redford are to meet next month in Vancouver to work on a joint plan to expand energy exports.The two premiers plan to talk on Nov. 5 after Redford delivers a speech to the Vancouver Board of Trade.The premiers say they have set the terms of reference for a joint group to explore energy issues.The group is to consult with First Nations, explore resource transportation options, look at how to promote resources and study ways to [Read more]
Oil hovers near $102 ahead of U.S. budget deal
BANGKOK - Oil was becalmed near US$102 a barrel Tuesday as U.S. legislators tried to hammer out an agreement to raise the government's borrowing limit and avoid a possible default.Benchmark crude for November delivery was down 4 cents to $102.37 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 39 cents to close at $102.41 on Monday.The oil price has swung back and forth for days as lawmakers attempt to resolve an impasse that [Read more]
Athabasca Oil Corporation Announces an Executive Appointment
CALGARY, Oct. 12, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has, due to increased operational activities and responsibilities, created the position of chief operating officer, in charge of all operations, both operating asset areas (Light Oil and Thermal Oil), in addition to all technical functions. The Board of Directors has appointed Rob Broen to this position effective immediately. Mr. Broen joined Athabasca in November, 2012 as senior vice president Light Oil [Read more]
Business leaders turn screws on Obama to approve Keystone
TORONTO - A who's who of North America's business leaders are turning the screws on the Obama administration to approve the Keystone XL pipeline. They've sent a letter to Obama urging him to approve the controversial pipeline problem. The letter is signed by more than 165 CEO's and presidents of companies ranging from Boeing to AT&T to Caterpillar Inc. and ExxonMobil. The letter says the decision on Keystone will affect both investor confidence and the ability of the U.S. economy to [Read more]
Oliver to China: investment hasn’t dried up
OTTAWA - Natural Resources Minister Joe Oliver is off to China to tell investors there that their prospects in Canada remain strong. Oliver tells The Canadian Press that he is going to make the point that it is not any harder for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago. Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada's lucrative oil and gas sector. Prentice, a [Read more]
Police stop anti-Enbridge pipeline protest in Montreal
MONTREAL - Police have moved in to block a few dozen protesters from marching in Montreal near the site of hearings for a pipeline project.The protesters oppose the proposal by Enbridge Inc. (TSX:ENB) to reverse the flow of a pipeline to send oilsands crude eastward. The plan is being examined at hearings this week in Montreal by the National Energy Board.Enbridge: manifestation d’opposants à #Montréal. http://t.co/1EUoAtw7Qm pic.twitter.com/0hCu7eufZr— Métro Montréal (@metromontreal) [Read more]
Saskatchewan oil and natural gas sales down in October
REGINA - There has been a drop in the sale of oil and natural gas rights in Saskatchewan. The province says the October sale of Crown rights has brought in $9.1 million. That compares to $15.2 million for the same time last year. Energy Minister Tim McMillan says the change reflects a shift in focus by the energy industry as companies drill what they already have rather than buying new rights. The ministry expects energy land sales to increase next year as more leases become [Read more]
Husky, Newfoundland premier to sign deal for West White Rose platform: sources
PLACENTIA, N.L. - Newfoundland and Labrador Premier Kathy Dunderdale has announced plans with Husky Energy to build a new offshore oil platform for the West White Rose Extension.Dunderdale says a new wellhead platform supported by a concrete gravity structure will be built in Argentia.The structure is to be constructed at a new dedicated graving or dry dock site with gates that could allow for future industrial opportunities.The platform will be used to draw oil from the West White Rose [Read more]
Data show China passing US as biggest oil importer as economic growth, car sales drive demand
BEIJING - China has achieved another world-beating status its leaders don't want: Biggest oil importer. China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week. Chinese oil consumption outstripped production by 6.3 million barrels per day, which indicates the country had to import that much to fill the gap, the Energy Information Administration said this [Read more]
Washington state pulls permits for two oil train terminals
SEATTLE (AP) — Officials are rejecting permits for two major oil-train terminals in Southwest Washington after deciding the projects should face more environmental scrutiny. The state Shorelines Hearings Board issued a letter Wednesday saying it plans to invalidate the permits for Westway Terminal Co. and Imperium Terminal Services, which want to build oil shipping terminals at the Port of Grays Harbor that could store up to 1.5 million barrels of crude from North Dakota and Alberta. The city [Read more]
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