CALGARY, February 11, 2020 – Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX-V: AMI) is pleased to announce that AMI Silica Inc. (“AMI Silica”), a wholly-owned subsidiary of AMI, has secured an anchor offtake agreement (the “Agreement”) with Shell Canada Energy (“Shell”) for its Duvernay Frac Sand Project (the “Duvernay Project”). AMI believes that the Agreement will serve as a catalyst to AMI’s growth program to supply local premium domestic in-basin sand to offset US imports. The [Read more]
Headlines
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Feb. 11 Heavy Duty Mechanic Heavy Iron Inc Calgary Feb. 11 Vice President, Business Development Johnstone Ritchie Executive Search Calgary Feb. 10 Specialist, [Read more]
Coastal Gas Link blockades a ‘dress rehearsal’ for future project fights: Kenney
CALGARY - Alberta Premier Jason Kenney says he's concerned blockades in support of First Nations opponents to a northern British Columbia natural gas pipeline are a "dress rehearsal" for opposition to future energy projects. Demonstrations have blocked railways, ports and bridges across the country in solidarity with those fighting the Coastal Gas Link project that crosses the traditional territory of the Wet'suwet'en First Nation. Kenney describes the protests as "ecocolonialism" from [Read more]
Heavy discount narrows to nearly three-month low
Canadian heavy crude's discount versus U.S. benchmark West Texas Intermediate (WTI) crude narrowed on Tuesday to a nearly three-month low, as the impact of frigid weather last month hampered production. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $15.75 per barrel below WTI, according to NE2 Canada Inc, narrower than Monday's settle of $16.75 under. The differential's lowest price, $15.65, represented the narrowest WCS-WTI [Read more]
Alberta agrees to divest crude by rail contracts
The Canadian province of Alberta has agreed to divest its contracts to move additional crude by rail to market, Premier Jason Kenney said on Tuesday, but he declined to release details and said the agreements were still being finalized. The contracts to ship a collective 120,000 barrels per day were negotiated by the previous New Democratic Party government, and Kenney has long said his government planned to transfer them to the private sector. Government officials have for months said that [Read more]
Canadian National Railway could shut parts of network because of pipeline protests
Canadian National Railway Co said on Tuesday it would be forced to shut down parts of its rail network unless rail line blockades in protest against a natural gas pipeline in British Columbia are removed. Blockades by anti-pipeline protesters near Ontario have forced passenger trains and goods transportation to be disrupted for the fifth straight day. Hundreds of trains were affected as was the movement of perishable food, propane, grain, feedstocks and coal, the railway said. The ports of [Read more]
Entrances to B.C. legislature blocked as pipeline protests flare across Canada
VICTORIA - Hundreds of protesters blocked the entrances to the British Columbia legislature on Tuesday as demonstrations in support of Indigenous hereditary chiefs who oppose a pipeline project continued to flare across the country. Protesters, who have been camping outside the legislature since Friday, hollered "Shame" as politicians tried to enter the building with help from security and others chanted "Shut down Canada" and "Stand up, fight back." Demonstrations have sprung up across [Read more]
7500 barrels of oil spilled in Saskatchewan train derailment
GUERNSEY, Sask. - The Saskatchewan government says about 7500 barrels of oil were spilled during a fiery train derailment in Saskatchewan last week. The province's ministry of environment says the amount of oil recovered is still being determined, as a significant portion was burned off. Thirty-two of the train's 104 cars derailed and a dozen caught fire on Thursday near Guernsey, southeast of Saskatoon. In response, the federal government ordered lower speed limits for all trains [Read more]
Montreal-area train line shut down as groups support B.C. pipeline protesters
MONTREAL - Commuter trains have been shut down for a second day on a train line near Montreal as supporters of a pipeline protest in northwestern British Columbia maintain their presence on the tracks. Officials at Exo, which runs the commuter trains in the Montreal area, announced early Tuesday that morning trains were cancelled. The blockade is being maintained by members of the Kahnawake Mohawk community just south of Montreal. Supporters of Wet'suwet'en hereditary chiefs, who are [Read more]
Oil rebounds amid broad market recovery; investors still wary
Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China. U.S. West Texas Intermediate was up 73 cents, or about 1.4%, at $50.34 a barrel. Brent crude rose 87 cents, or 1.6%, to $54.26 a barrel by 0428 GMT, retreating from an intraday high of $54.13. "A broad positive sentiment across Asia markets seems to have boosted crude oil prices," Margaret Yang, market analyst [Read more]