PEACE RIVER, Alta. - Landowners in Alberta's Peace River region will get a chance to tell the province's energy industry regulator what they want to see in an inquiry into a tar-like smell they say is making them sick.The Alberta Energy Regulator is to hold a meeting Oct. 7 in Peace River to set the scope for the inquiry into concerns expressed by people in the Three Creeks and Reno areas.Several companies in the region have cold heavy oil production sites which heat oil in tanks to separate it [Read more]
News
Climate issues, from Keystone XL to coal, at centre stage in U.S. capital
WASHINGTON - U.S. President Barack Obama's sweeping climate agenda was in the spotlight on Capitol Hill on Wednesday as his two newly appointed environmental czars chided those who doubt the existence of climate change as congressional wrangling over TransCanada's Keystone XL pipeline raged on."The evidence is overwhelming, the science is clear," Energy Secretary Ernest Moniz told a hearing of the energy and commerce committee at the House of Representatives, where a slate of Republican [Read more]
CNOOC begins trading on the TSX
TORONTO - The Chinese state-controlled company that acquired Calgary-based Nexen in a landmark $15.1-billion takeover, CNOOC Ltd., began trading on Canada's largest stock market Wednesday.CNOOC's share-substitutes, known as American depository receipts, have the symbol CNU on the Toronto Stock Exchange. Each ADR is the equivalent of 100 common shares of CNOOC Ltd., which has its primary listing in Hong Kong."Canada became an important investment destination for CNOOC Limited following our [Read more]
Greenpeace says 2 activists held in Russian Arctic
MOSCOW — The environmentalist group Greenpeace says two of its activists have been arrested after climbing onto an oil platform in Russia’s Arctic waters. It claims warning shots were fired across the organization’s ship. A Greenpeace statement says the arrests were made Wednesday in the Pechora Sea, a section of the Barents Sea. The activists, who climbed a platform belonging to state gas company Gazprom, are being held on a Russian Coast Guard ship, according to Greenpeace. The statement [Read more]
Athabasca Enters into Option Agreement to Sell a Portion of its Light Oil Infrastructure
CALGARY, Sept. 18, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has entered into an option agreement with a third party giving the right to Athabasca, at its discretion, to sell up to a 50% interest in its Kaybob area light oil infrastructure for cash consideration of up to $145 million. Under the terms of the agreement, AOC has the right on or before December 31, 2013 to sell to the counterparty a 25% to 50% working interest in AOC's light oil pipeline and other [Read more]
Canadian Natural Resources Limited Announces First Steam-In at Kirby South SAGD Project
CALGARY, ALBERTA--(Marketwired - Sept. 18, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural") announces that first steam injection was achieved on September 16, 2013 at its 100% owned and operated Kirby South steam assisted gravity drainage (SAGD) project. The Kirby South project was completed on budget, with a forecast addition of production at approximately $30,000 per flowing barrel, and ahead of the originally targeted steam-in date of November 2013. [Read more]
Santonia Energy Closes Asset Sale and Announces Executive Appointment
CALGARY, ALBERTA--(Marketwired - Sept. 17, 2013) - Santonia Energy Inc. ("Santonia" or the "Company") (TSX:STE) provides the following update. Clive Asset Sale On September 17, 2013 Santonia signed and closed an agreement for the sale of its assets in the Clive area for $15 million in cash (of which $1 million was previously received as a deposit) and a gross overriding royalty of up to $10 million, subject to certain production level hurdles associated with the proposed Clive [Read more]
Alaska asks ConocoPhillips to reopen LNG plant
ANCHORAGE, Alaska - The state of Alaska is asking ConocoPhillips to reopen its liquefied natural gas plant on the Kenai Peninsula.Acting Natural Resources Commissioner Joe Balash in a letter to ConocoPhillips President Trond-Erik Johansen asks that the company apply for a three-year license to export LNG from the plant.ConocoPhillips announced in March that it would not seek an extension of its export license but might do so if local gas market needs were met and there was enough gas to [Read more]
Lethbridge oil drilling concerns city council
CALGARY - A junior energy company's plans to drill for oil on an undeveloped parcel of grassland in Lethbridge, Alta., is running into opposition from city hall.City council voted unanimously last fall to oppose any new oil and gas development within municipal boundaries. It reiterated that view this week when it got wind a small Calgary-based concern named Goldenkey Oil Inc. was about to begin public consultations.Council is concerned drilling could affect growth plans for the city of 90,000. [Read more]
Apache To Sell Selected Canadian Oil And Gas Assets For $112 Million In Two Transactions
HOUSTON, Sept. 17, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) announced today it has agreed to sell certain oil and gas producing properties in Canada in two separate transactions with a combined value of US$112 million(CAN$117 million). Apache has agreed to sell its Hatton, St. Lina, Marten Hills, Snipe Lake, Valhalla, and a portion of its Hawkeye producing properties. These are primarily dry gas developments located in Saskatchewan and Alberta and comprise approximately 4,000 [Read more]