One of the largest capital investment projects currently underway in the oilsands will not produce a single barrel of oil. Instead, as one piece of Syncrude Canada Limited's three-pronged approach to managing its tailings waste stream, it will help the massive mining operator meet regulatory requirements and maintain its license to operate.
November 13, 2013, 12 PM MST
The B.C. government inked a land deal on Tuesday with Nexen Energy ULC -- a division of CNOOC Ltd. -- for the Aurora LNG plant to be located at Grassy Point in the Prince Rupert area, but it continues negotiating with three other proponents for a potential site adjacent to this location.
November 13, 2013, 12 PM MST
NOVA Gas Transmission Ltd. has filed an application with the National Energy Board for a proposed $1.67-billion extension of the NGTL system to transport sweet gas from the North Montney area of northeastern British Columbia for both LNG overseas and North American markets.
November 13, 2013, 12 PM MST
Federal Natural Resources Minister Joe Oliver says he hopes the European Union will consider the findings of a new report as a basis for changes to the proposed Fuel Quality Directive (FQD) that would differentiate between conventional crudes and natural bitumen from the Canadian oilsands.
November 13, 2013, 12 PM MST
While there are many potential benefits to a stronger Canadian currency based on growth in the country's oil and gas sector, an Équiterre and Pembina Institute paper released today also suggests oilsands income is largely concentrated in Alberta, and the benefits of a high dollar are outweighed by its negative impacts particularly regarding loss of export competitiveness.
November 13, 2013, 12 PM MST
The Alberta government says it will not appeal an Alberta court decision that quashed a government decision barring the Pembina Institute and the Fort McMurray Environmental Association from participating in a possible regulatory review of a proposed oilsands project (DOB, Oct. 2, 2013).
November 13, 2013, 12 PM MST
Sayer Energy Advisors has been engaged by Santonia Energy Inc. to assist with the farmout or sale of a 50% working interest in its Haynes, Alberta Nisku and Leduc oil prospect.
November 13, 2013, 12 PM MST
The Joint Review Panel reviewing Shell Canada Limited's proposed Pierre River Mine project near Fort McMurray has launched a comment period on the additional information provided by the proponent.
November 13, 2013, 12 PM MST
(Reuters) -- Canada is open to talks about what to do with its 8.5 per cent stake in the Hibernia offshore oil project, Finance Minister Jim Flaherty said on Tuesday.
November 13, 2013, 12 PM MST
TransCanada Corporation today launched a binding open season to offer additional committed service to interested parties for transportation of crude oil from Cushing, Okla., to the United States Gulf Coast.
November 13, 2013, 12 PM MST
(Reuters) -- The U.S. Energy Information Administration on Wednesday forecast global oil markets would be slightly looser in 2014 than previously estimated, but it tightened its outlook for this year.
November 13, 2013, 12 PM MST
Paramount Resources Ltd. reported a higher net loss in the third quarter, and a loss for the nine-month period, which was a reversal from a profit shown during the January-September stretch of 2012.
November 13, 2013, 12 PM MST
Cequence Energy Ltd. narrowed its net loss and increased production in the third quarter (see tables) as it prepares for an active drilling program to support its 2014 production growth forecast of 40 per cent.
November 13, 2013, 12 PM MST
(Reuters) -- The U.S. Energy Information Administration on Wednesday raised its estimate for domestic natural gas production in 2014, expecting output next year to be up more than one per cent from 2013's estimated record-high levels.
November 13, 2013, 12 PM MST
(Reuters) -- U.S. crude oil production in October exceeded crude oil imports for the first time since 1995, data from the Energy Information Administration's Short Term Energy Outlook showed on Wednesday.
November 13, 2013, 12 PM MST
Crew Energy Inc. narrowed its third quarter loss to $843,000 from a loss of $17.95 million the previous year, and raised production during the period to 28,016 boe per day, a 6.6 per cent hike over the July-September period of 2012.
November 13, 2013, 12 PM MST
CanElson Drilling Inc. saw higher revenue in the third quarter and year to date on the strength of slightly higher utilization in the United States, although utilization in Canada during both reporting periods slipped as producers showed caution in an uncertain market (see table).
November 13, 2013, 12 PM MST
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November 13, 2013, 12 PM MST
(Reuters) -- Exxon Mobil Corporation has been granted a 90-day extension to submit a plan to repair its 70-year-old Pegasus oil pipeline that ruptured in Arkansas in March this year, guaranteeing the line will be closed until at least January, according to a filing from the Pipeline and Hazardous Materials Safety Administration.
November 13, 2013, 12 PM MST
(Reuters) -- Citgo Petroleum Corp. reported a compressor shutdown at its 174,500 bbl-per-day refinery in Lemont, Illinois, according to a filing with state pollution regulators.
November 13, 2013, 12 PM MST
Petroforte International Ltd. reports that it has agreed to terms for a non-brokered private placement of up to 75 million common shares at 20 cents per share for gross proceeds of up to $15 million.
November 13, 2013, 12 PM MST
(Reuters) -- Chevron Corporation is bringing its enormous resources to bear in a court case in New York in which it has accused a U.S. lawyer of using fraud to win a $19 billion environmental judgment against it.
November 13, 2013, 12 PM MST
(Reuters) -- Accused a generation ago of engineering the "perfect dictatorship," Mexico's ruling party is now close to agreeing on a plan that could weaken the presidency and strengthen Congress in order to win votes for a major energy reform.
November 13, 2013, 12 PM MST
Whitecap Resources Inc. has closed its previously announced public offering of 5.42 million common shares with a syndicate of underwriters for gross proceeds of approximately $65 million.
November 13, 2013, 12 PM MST
RMP Energy Inc. has closed its previously announced bought deal equity financing.
November 13, 2013, 12 PM MST
(Reuters) -- PetroChina, China's top oil and gas firm, has struck a deal to acquire the Peruvian oil and gas assets of Brazilian state-led oil company Petrobras for $2.6 billion.
November 13, 2013, 12 PM MST
(Reuters) -- Petrobras, Brazil's state-led oil company, said on Tuesday it has struck good quality oil in a well drilled in the subsalt layer of the Iara area of the Santos basin.
November 13, 2013, 12 PM MST
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