VICTORIA - British Columbia will soon need over 75,000 skilled workers for the liquefied natural gas industry and another 60,000 to help with the construction of plants and pipelines. The figures are contained in a report by the B.C. Natural Gas Workforce Strategy Committee, which was set up last year to help in understanding the needs of the industry. Committee chairman Geoff Stevens says the report gives government and the industry an overview of the help in future decision [Read more]
Headlines
Barrick Gold to sell Barrick Energy for $455M as it looks to focus its business
TORONTO - Barrick Gold Corp. (TSX:ABX) said Tuesday it has signed a deal to sell its subsidiary, Barrick Energy, in a series of deals worth a total of $455 million. The deals include the sale of assets to Venturion Oil Ltd. for $59 million and an agreement with Whitecap Resources Inc. (TSX:WCP) for another group of assets for $174 million. Canadian Natural Resources Ltd. (TSX:CNQ) has also agreed to pay $173 million a gross overriding royalty on certain lands valued at about $50 [Read more]
Canadian Natural Resources Limited Announces the Acquisition of Barrick Energy Inc.
CALGARY, ALBERTA--(Marketwired - July 23, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces entering into an agreement relating to the acquisition of Barrick Energy Inc ("BEI"), a subsidiary of Barrick Gold Corporation, following the sale by BEI of certain assets, for cash consideration of approximately $173 million and a gross overriding royalty on certain lands at Nipisi. BEI's high quality land and production are located in Alberta [Read more]
47 rescued from Gulf rig after natural gas blowout
NEW ORLEANS (AP) -- Natural gas flowed uncontrolled from a well off the Louisiana coast on Tuesday after a blowout that forced the evacuation of 47 workers aboard a drilling rig, authorities said. No injuries or fires were reported. The federal Bureau of Safety and Environmental Enforcement said inspectors flying over the site Tuesday saw a light sheen covering an area about a half-mile by 50 feet. However, it was dissipating quickly. The bureau says the blowout happened south of Grand [Read more]
Donnycreek Closes $16.8 Million Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - July 23, 2013) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has closed a previously announced bought deal offering (the "Offering") of 8,000,000 common shares of the Company ("Common Shares") at a price of $2.10 per Common Share, resulting in gross [Read more]
Nexen releases 2012 Sustainability Report
PRINT AND ONLINE VERSION AVAILABLE CALGARY, July 23, 2013 /CNW/ - Nexen Energy ULC reported today the release of its 2012 Sustainability Report, a review of the company's health, safety, environmental, social and economic performance for the year. The report outlines Nexen's performance in 2012 and includes trends for the past three years. "This report demonstrates the effort Nexen's employees are making to maximize the benefits and minimize the negative impacts of energy development," [Read more]
Aroway Energy Inc. Increases Proved Reserves by 246%
CALGARY, ALBERTA--(Marketwired - July 23, 2013) - AROWAY ENERGY INC. (TSX VENTURE:ARW) (OTCQX:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce the results of its independent reserves evaluation in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") as at June 30, 2013. The independent reserves evaluation covers a 12-month period and is focused on all of the Company's areas of interests in Alberta and Saskatchewan. [Read more]
Study finds little environmental enforcement in oilsands incidents
EDMONTON - A study of thousands of environmental problems in Alberta's oilsands has found that fewer than one per cent have drawn any enforcement action. Independent researchers Peter Lee and Kevin Timoney have assembled a database of more than 9,000 environmental incidents since 1996. The incidents vary from unplanned releases into the Athabasca River and the discovery of unregistered waste sites, to excessive smokestack emissions The study concludes the province's records on [Read more]
CN expects volume of crude oil it transports to keep growing
Canadian National Railway Co. says it expects the volume of crude oil it transports to continue growing, even in light of a recent disaster in Lac-Megantic, Que., that has thrust rail safety into the spotlight. The railway company (TSX:CNR) said revenue from transporting crude oil increased by 150 per cent during the second quarter from a year ago, driven mostly by new loading stations on its network. "There is still a likelihood that crude by rail will continue to rise in [Read more]
Inter Pipeline to Provide Bitumen Blend Transportation to Canexus Rail Loading Facility
CALGARY, ALBERTA--(Marketwired - July 22, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has entered into a binding agreement with Canexus Corporation ("Canexus") to transport bitumen blend to Canexus' unit train rail loading operations near Bruderheim, Alberta. Under the terms of the 10-year agreement, Inter Pipeline will provide Canexus with 100,000 barrels per day (b/d) of firm capacity on a new pipeline lateral from the Cold Lake pipeline system. [Read more]