NEW ORLEANS (AP) -- An out-of-control natural gas well off the Louisiana coast continued to burn Wednesday after it caught fire following a blowout that prompted the evacuation of 44 workers, authorities said. Meanwhile, officials stressed that Tuesday's blowout wouldn't be close to as damaging as the 2010 BP oil spill, in which an oil rig, the Deepwater Horizon, exploded off the Louisiana coast, killing 11 workers and eventually spewing millions of gallons of oil into the Gulf of [Read more]
Headlines
Suncor: Boris Jackman retires; Kris Smith promoted to EVP, Refining and Marketing
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Suncor Energy Inc. today announced that after 20 years with the company, Boris Jackman is retiring on September 30, 2013. Kris Smith will be promoted to executive vice-president, Refining and Marketing. Before joining Petro-Canada, Jackman served as an executive vice-president of First Brands Canada Corporation, and spent 14 years at Union Carbide Canada Ltd. in various management and technical positions. He joined Petro-Canada in 1993 as [Read more]
Cenovus oil sands production climbs 17% in second quarter
Company starts producing oil from Christina Lake phase E Total oil production was more than 171,000 barrels of oil per day (bbls/d) net in the second quarter, a 10% increase when compared with the same period in 2012. Combined oil sands production at Foster Creek and Christina Lake averaged nearly 94,000 bbls/d net in the second quarter, up 17% from a year earlier. Production at Christina Lake climbed 35% to an average of more than 38,000 bbls/d net. Christina Lake phase E started [Read more]
Canada Energy Partners Inc. Announces Board Changes, Private Placement and Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES OR ON U.S. NEWS WIRES Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the appointment of two new directors, Mr. Nick Orlando and Mr. Jonathan Bahnuik. Mr. Orlando is the CEO of Martinrea International Inc., a $1 billion market cap, automobile parts manufacturer which is listed on the TSX (MRE). Mr. Orlando brings a wealth [Read more]
Encana’s Second Quarter Results Show Company on Track to Meet 2013 Guidance, New Chairman of the Board Announced
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Encana Corporation's (TSX:ECA)(NYSE:ECA) solid operational performance in the second quarter resulted in a 69 percent year-over-year increase in oil and natural gas liquids (NGL) volumes with average production rising to approximately 47,600 barrels per day (bbls/d). Natural gas production volumes for the second quarter averaged approximately 2.8 billion cubic feet per day (Bcf/d). The company reported net earnings of $730 million or [Read more]
Donnycreek Provides Upper Montney Operations Update
CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that the Kakwa 14-2-63-6 W6M Upper Montney horizontal well (the "14-2 Well"), previously reported as drilled in early 2013, has been successfully completed and flow tested to determine its natural gas and natural gas liquids production potential. The Upper Montney had not previously been tested by Donnycreek, however, other operators have demonstrated repeated [Read more]
Lawsuit filed in U.S. court over Quebec rail disaster first of many, says lawyer
MONTREAL - Victims of the Quebec railway disaster have launched further legal action against companies linked to the derailment that obliterated their town — and one lawyer insists the multimillion-dollar cascade has only begun.The family of a Lac-Megantic man killed in the fiery crash filed a wrongful-death lawsuit Monday in a U.S. court against rail and petroleum firms connected to the oil-filled tankers that slammed into the town.Their lawyer, Peter Flowers, told The Canadian Press [Read more]
B.C. chief says LNG participation will help band acquire traditional land
VANCOUVER - The chief councillor of a First Nation on British Columbia's North Coast says participating in three liquefied natural gas projects will help his band buy back its traditional territory and improve the lives of its members.The Haisla First Nation is located near the community of Kitimat, B.C., and at the head of Douglas Channel, a strategic site for tankers that will move LNG to Asia and the United States.It is currently involved directly or indirectly in three LNG [Read more]
LNG BOOM! Report says 135,000 jobs open for LNG in B.C.
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]
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]