TransCanada in U.S. pipeline play Feb 22, 2007Pipeline and storage giant, TransCanada Corp. has spent C$300 million for 50 percent of the newly placed shares of TC Pipelines, the other half now in the hands of U.S. institutional investors, it was understood Thursday.
Cabot doubles 2006 result despite Q4 Feb 16, 2007Cabot Oil and Gas of Houston has more than doubled net income to $321.2 million on production that shot up five percent and the selling of $145 million in assets, it was learned Friday.
Suncor absorbs oil-sands seepage despite glitch Feb 9, 2007Calgary-based heavy oil extractor Suncor Energy Inc. showed its support for Western Canada's oil sands on Friday and declaring production of 249,000 barrels a day for January.
Petro-Canada: “No, eh” to oil-sands offers Feb 7, 2007Petro-Canada has rejected oil-company bids to share its oil-sands acreage at Chard, Stony Mountain, Liege, Thornbury an Ipiatik in the west of the country, where 1.7 billion barrels of bitumen are in place.
Canadian Natural Resources provides Horizon update Feb 5, 2007Canadian Natural Resources Limited provides its regular quarterly update on the Horizon Oil Sands Project (“Horizon Project”).
Pyramid Petroleum signs option to double production and reserves Feb 2, 2007Pyramid Petroleum Inc. has entered into an Option Agreement to purchase a 20 percent non-operated interest in a planned acquisition of certain oil and gas properties in the Gulf of Mexico. The purchase would complement Pyramid’s current production of approximately 170 boe/d in the Gulf of Mexico and would consolidate and increase the Company’s reserve base in that region.
Suncor Energy and Acciona begin construction on Ontario wind power project Jan 31, 2007Acciona Wind Energy Canada Inc. and Suncor Energy Products Inc. today announced they have started full-scale construction on their 76-megawatt (MW) wind power project near Ripley, Ontario. The Ontario Energy Board recently granted regulatory approval for the wind farm’s two substations and transmission line, completing the project’s key regulatory requirements.
Irving, Repsol eye new refinery neighbour in Canada Jan 26, 2007Plans for a new 300,000 barrel-a-day refinery have been submitted to Canadian authorities by Maritime Canada producer Irving Oil, it was understood Friday.
Canadian Superior and Maersk Contractors announce scheduled tow out date of Kan Tan IV Drilling Rig Jan 25, 2007Canadian Superior Energy Inc. and Maersk Contractors, a part of A.P. Moller - Maersk A/S, as the drilling rig manager for the Chinese rig owner SINOPEC Star Petroleum Company Limited (the "Contractor") of Beijing, announced today that the Kan Tan IV semi-submersible drilling rig is nearing completion of a major retrofit in Brownsville, Texas ...
Addax reserves up 80% on W. Africa, N. Iraq Jan 19, 2007Calgary-based Addax Petroleum Corp. has quietly chalked up reserves of 353.7 million barrels — up 80 percent over last year, and more than many a larger North Sea independent — mostly from West Africa and the Middle East.