A Joint Review Panel may have recommended that Canada's federal government approve the Northern Gateway Project, but British Columbians have not been so accepting of the pipeline. On Saturday, residents of Kitimat voted against Enbridge’s project in a non-binding plebiscite.
Galveston Bay in Texas has averaged 285 oil spills per year since the late 90s, but the one that took place last month garnered extra media attention as the first one over 10,000 gallons in three years and the second-biggest spill off the coast of Texas since 1998.
The European Union may have given North American oil and natural gas producers the cold shoulder in the past, but now European countries could be considering cross Atlantic suppliers as one possible alternative to Russian gas supplies.
Brent crude gained on Friday, but was down for the week.
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.
In the second segment of the INN’s World Resource Investment Conference interview with Keith Schaefer, Keith provided INN viewers with some insight on profiting from the natural gas boom in British Columbia.
Sprott US Holdings Chairman Rick Rule tells INN Senior Editor Andrew Topf that the sudden availability of natural gas, derived mostly through hydraulic fracturing, has increased its utility to consumers.
CBM Asia Development Corp. (TSXV:TCF) applied for a management cease trade order to the British Columbia Securities Commission due to a delay in obtaining financial information and lack of funding.
Deutsche Welle reported that Germany's Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas.
The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Bloomberg reported that Glencore Xstrata (LSE:GLEN) has purchased Caracal Energy Inc. (LSE:CRCL) for roughly $1.35 billion. Glencore hopes to gain oil and gas assets in central Africa, as Caracal is focused in Chad.
Saturn Minerals Inc. (TSXV:SMI) Director Stefan Szary spoke with Resource Investing News about their coal, oil and gas assets in Saskatchewan.
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.
The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.
Reuters reported today that U.S. Benchmark Brent crude oil prices increased to their highest on almost six weeks on expanding sanctions against Russia over issues in Ukraine. However, the price rise was halted with news of the first oil tanker being reloaded on Tuesday at Libya's Hariga port after a month long closure.
Reuters reported that Israel will likely focus on Egypt as a trade partner while putting plans to pump gas to an export plant in Cyprus on the backburner.
The Globe and Mail reported today that oil sands companies who rely on natural gas to run their operations may face a price squeeze as natural gas costs rise. The gas is used to create steam to soften oil-rich bitumen deposits. According to the Globe, gas prices for the May contract rose to $4.62 per million btu on the New York Mercantile Exchange.