Electromagnetic Geoservices has been awarded a contract by an unnamed energy company to determine the hydrocarbon content of potential reservoirs offshore eastern Canada using seabed-logging technology. 
Paris-based process specialist Technip will transform heavy oil into crude at Fort Hills Oil Sands project near Edmonton, Canada after being awarded a contract by Fort Hills Energy on Thursday. 
Heavy oil technology developer Ivanhoe Energy of California has performed a test on ConocoPhillips bitumen from Athabasca, Canada, showing the engineer sent by bankers that a lighter, more valuable crude is obtained by its trademark HTL process. 
Up to six offshore “hotel ships” will be built at the Norwegian-owned Davie Yards in Quebec City, Canada by new entity Ocean Hotels, supported by market money in Oslo. 
Oslo-listed Canadian oil-sands player, Petrobank, has fired up a third well-pair at its Whitesands project, where the “wells” have long been heated in anticipation of this summer’s firing. 
Houston-based Pogo Producing said late Monday that it will sell its Northrock Resources business for $2 billion in cash to Abu Dhabi National Energy Co., also called TAQA. 
Oslo-listed Canadian explorer, Questerre Energy Corp. and partner Gastem Inc. plans to spud a new well in their Yamaska licenses on the St. Lawrency River’s lowlands in eastern Quebec. 
On a spending tear of late, Norwegian oil company Statoil will now also pay $2 billion in cash for all the equity in North American Oil Sands Corp., a first oil sands venture for the Norwegians, it was undestood Friday. 
Maritime Canada has signalled changed rules for oil companies contemplating E&P offshore Nova Scotia, including regular licensing rounds where local officials, and not oil majors, provide seismic data. 
Calgary-based independent resource company, Questerre Energy Corporation announces a new pool discovery with an exploration well in the Vulcan area of Southern Alberta. Questerre has a one-third interest in this well. |
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Pioneer Natural Resources Company has discovered a new gas field in northern Alberta and initiated production at a gross rate of approximately 18 million cubic feet of gas per day (MMcfpd) from three wells. Pioneer has a 100% working interest and a 75% net revenue interest in the new field assuming a 25% sliding-scale government royalty. 
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc., announced that the company has received regulatory and government approval to increase production to 140,000 barrels per day at the White Rose oil field, 350 kilometres southeast of St. John's, Newfoundland and Labrador. 
Growing oil production in Western Canada has compelled BP Pipelines to plan a rerouting of Canadian oil from Chicago to Oklahoma, a major oil-trading hub, it was learned Friday. 
Workers braving Canada’s oil-sands development in northern Alberta will be housed in an expanded Wapasu Creek Lodge, after Houston-based supplier group Oil States on Thursday announced plans to build for US$18 million more. 
BG Group will sell three of four properties in the Western Canadian sedimentary basin to Canada-based Progress Energy Ltd. for C$525 million ($445 million), it was learned Tuesday. 
The start-up in Guelph Canada of a biofuels plant using wood to produce the energy per year of 550 barrels of oil was simultaneously reported Tuesday at the World Biofuels Markets day in Brussels and at the PowerGen Renewable Energy & Fuels Conference in Las Vegas. 
Oslo-listed Canadian independent, Questerre Energy, has struck gas again at its Beaver Creek well in British Columbia, where up to 540 million cubic feet are targeted. 
Imperial Oil announced today that the Alberta Energy and Utilities Board (AEUB) and the Government of Canada have given conditional approval to Imperial’s proposed Kearl oil sands project, following a joint federal and provincial review. 
Toronto-listed, “Alberta-only” Celtic Exploration has raised C$25 million ($21.4 million) in a lightning offering of 1.5 million common shares overseen by a “syndicate” of Canada-based underwriters.
At least one Canadian oil company has come out to tell the Canadian government that without clear stance on Kyoto, it could not calculate the cost of climate-change policy on its business. |
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