BC Looking to Encourage LNG Investment With New Tax

BC Looking to Encourage LNG Investment With New Tax

On October 21, the government of British Columbia announced a tax rate aimed at encouraging investment in the LNG industry on the province's coast. The hope? To keep companies interested in the prospect of drilling for LNG.

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Videos

Justin Smith of Western Canadian Properties Group Talks Natural Gas in BC

Gas Investing News recently had the chance to speak with Justin Smith, Investment Advisor at Western Canadian Properties Group, about natural gas projects in British Columbia. Contrary to suggestions that BC's LNG dreams could have been smashed by Russia's recent $400 billion deal with China, Smith says that "the demand [in China] is growing at a pace where you're going to need a number of these deals to satiate those demands."

Keith Schaefer Talks Natural Gas in BC

At the recent World Resource Investment Conference in Vancouver, Keith Schaefer, editor and publisher of the Oil and Gas Bulletin, spoke with INN editor Vivien Diniz about the state of the natural gas market in British Columbia.

Company News

Chevron Profits Rise Amid Oil Downturn

Chevron Corp. saw its third quarter net income rise for the first time in three years as refining oil into fuels helped returns as the market struggles with the worst crude market of the decade.

BG Group to Delay LNG Terminal in BC

BG Group PLC, a British oil and gas producer, says it won't be building its liquefied natural gas export terminal on British Columbia's West Coast for at least a decade.

Super Nova Petroleum Reports Initial Augusta Krone 31-32 Results

Super Nova Petroleum Reports Initial Augusta Krone 31-32 Results

Super Nova Petroleum (TSX:SNP,OTC Pink:SNOVF) announced that it's Augusta Krone 31-32 exploration well has reached a depth of 7,400. The well penetrated the targeted Bakken shale formation on October 25 with initial results indicating the discovery of oil. Super Nova is a 20 percent owner of this well.

Hinto Energy Announces Agreement to Drill Oil Well in Medina

Hinto Energy Announces Agreement to Drill Oil Well in Medina

Hinto Energy (OTCQB:HENI) announced it has come to an agreement about taking a 75 percent stake in an exploratory well to be drilled in Medina County, Ohio. Hinto will also have the interest in any future wells developed on the property, with the operator planning to drill and complete the first well during the fourth quarter of 2014.

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Company Videos

INN Video: Chris Cooper of Aroway Energy Inc.

Aroway Energy (TSXV:ARW,OTCQX:ARWJF) President & CEO Chris Cooper spoke with Resource Investing News about its unique position in the oil and gas space.

Market News

Lower Oil Prices Forces Reassessment of US Shale Boom

With dropping oil prices - hitting $79.78 on Oct. 16, the lowest price since June 2012 - analysts are re-evaluating the economic forecast of the shale oil boom in the United States.

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