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Shell LNG, trade deal no help to stalled Trans Mountain pipeline

By: Bloomberg     4th October 2018 Royal Dutch Shell’s commitment to invest in the largest private-sector project in Canada’s history and a new trade deal with the US and Mexico show the country is open for business again. But neither are likely to help Trans Mountain, the troubled oil pipeline project that has epitomized the... 

Cleveland-sized mine signals the path for an oil-sands revival

By: Bloomberg     12th September 2018 A colossal Canadian oil-sands project may be showing the way forward for an industry many thought would never see new investments. In a forest clearing roughly the size of Cleveland, building-sized trucks dump tons of oily soil into a massive crushing facility, while conveyors move the dirt on... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

ALX undertakes airborne radiometric, magnetic survey at Lazy Edward Bay project

By: Simone Liedtke     4th June 2018 A low-level, airborne radiometric and magnetic survey of about 4 000 line kilometres by Special Projects Inc (SPI) of Calgary is under way on TSX-V-listed ALX Uranium Corporation’s 100%-owned Lazy Edward Bay uranium project, in Canada. Lazy Edward Bay, which straddles the southern edge of the... 

IFR legacy well test reports better-than-expected results

By: Creamer Media Reporter      17th May 2018 Calgary-based oil and gas company International Frontier Resources (IFR) has reported the first production from the successful workover of a legacy well at Tonalli Energia’s Tecolutla project – a joint venture between the company and Mexican petrochemical leader Grupo IDESA. “Rates from the TEC-2... 

Shell sells out of Canadian Natural position for C$4.3bn

By: Henry Lazenby     8th May 2018 British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about C$4.3-billion. Shell has reached agreement with underwriters Goldman Sachs & Co, RBC Capital Markets,... 

IFR JV hits Tecolutla TEC-10 target in Mexico

By: Henry Lazenby     7th May 2018 Calgary-based oil and gas explorer International Frontier Resources (IFR) announced on Monday that its joint venture Tonalli Energia has reached the intended depth for its first evaluation well on its onshore Tecolutla block TEC-10 well. In partnership with Mexican petrochemical leader Grupo... 

International Frontier partnership spuds first hole at Mexican Tecolutla block

By: Henry Lazenby     13th April 2018 Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico, which it is developing in partnership with Mexican joint venture (JV) partner Tonalli Energia. The... 

North Dakota Bakken oil rises again in shadow of mighty Permian

By: Bloomberg     2nd February 2018 The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck. The president of Creedence Energy Services, which provides chemicals for oil wells, Black, 29, drives about two hours to Williston, North... 

Mkango shareholders approve Talaxis investment transaction

By: Megan van Wyngaardt     19th January 2018 Shareholders of Aim- and TSX-V-listed Mkango Resources have approved an investment transaction with Noble Group subsidiary Talaxis. In November, the company secured a direct investment from Talaxis, to be paid in three tranches, in exchange for a 49% interest in Mkango subsidiary Lancaster... 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

Enbridge Q3 earnings disappoint

By: Henry Lazenby     2nd November 2017 Canadian oil and gas pipeline infrastructure operator Enbridge has reported an adjusted third-quarter profit of C$632-million, or C$0.39 a share, missing the average Bay Street analyst forecast calling for earnings of C$0.43 a share. The Calgary, Alberta-based company reported net profit for the... 

Bacanora secures environmental nod for Mexico lithium project

By: Mariaan Webb     20th October 2017 Calgary-headquartered Bacanora Minerals has secured the final key requirement for its flagship lithium project, announcing on Friday that Mexico’s Environmental Ministry had approved a 35 000 t/y lithium carbonate operation at Sonora. The approval is a major milestone for Bacanora, which is... 

This junior miner surged five-fold on mine asset sale

By: Bloomberg     6th October 2017 West High Yield Resources, a little-known Canadian miner, surged as much as 1 000% after it said it sold a magnesium deposit to a US buyer for $750-million – or 46 times the company’s market value. West High Yield, which has no revenue, jumped five-fold in Toronto trading to close at C$2 after... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

Prize Mining exploration hits highest gold-in-soil sample ever at Silver King shear system

By: Henry Lazenby     16th August 2017 Junior explorer Prize Mining has intersected the highest gold-in-soil sample in recorded history along the Silver King shear system at its Kena-Daylight gold project, in south-eastern British Columbia. The Calgary, Alberta-based company on Tuesday reported the initial batch of soil assay results... 

Potash majors report slow-but-steady market recovery as robust demand pushes prices, profits higher

By: Henry Lazenby     10th August 2017 Canadian potash majors Potash Corp of Saskatchewan and Agrium Inc have reported higher sales volumes for the crop nutrient for the second quarter ended June 30, pushing potash prices higher, despite a persisting market glut. Calgary, Alberta-based Agrium has reported adjusted net earnings – which... 

CPP investment board to pick up Shell’s 45% stake in Irish Corrib gasfield

By: Henry Lazenby     12th July 2017 The Canada Pension Plan Investment Board (CPPIB) will pay nearly C$1.2-billion to become the largest partner in the Corrib offshore natural gas field, 83 km offshore Ireland. The Toronto-based fund manager will initially buy a 45% interest in the project from a subsidiary of the Dutch exploration... 

Shell completes exit from Canadian oil sands

By: Henry Lazenby     31st May 2017 The world’s second largest publicly traded oil company Royal Dutch Shell is exiting Canada’s oil sands sector after announcing that subsidiaries Shell Canada Energy, Shell Canada Limited and Shell Canada Resources signed two agreements that will transform its Canadian business. Under the two... 

Fasken Martineau Named “Global Mining Law Firm of the Year”

25th May 2017 Fasken Martineau announced that, for the third consecutive year and the ninth time overall, it has been named “Global Mining Law Firm of the Year 2017” by Who’s Who Legal. Additionally, Michael Bourassa has received the “Lawyer of the Year 2017” award for Mining. With over 150 years’ experience... 

TransCanada reports bumper Q1 earnings

By: Henry Lazenby     5th May 2017 Pipeline operator TransCanada has more than doubled its first-quarter profit, boosted higher by a 35% jump in revenues, the company announced Friday. The Calgary-based company said that higher contributions from its US and Mexican natural gas pipelines and higher earnings from Western Power... 

Agrium swings to Q1 loss on higher costs, lower phosphate prices

By: Henry Lazenby     2nd May 2017 Higher natural gas prices and lower phosphate prices have driven Calgary-based Agrium to a smaller-than-expected first-quarter loss. The owner of the largest farming input retail distribution network in North America, which is in the process of merging with Canadian counterpart Potash Corporation... 

Agrium completes commissioning of $720m Borger urea plant, Texas

By: Henry Lazenby     18th April 2017 TSX- and NYSE-listed Agrium has commissioned its new urea plant at the Borger Nitrogen Operations facility, in Texas, having completed its first run of urea production – widely used in fertilisers as a source of nitrogen. The Calgary-based company, which controls the largest retail distribution... 

TransCanada to push ahead with C$1.4bn North Montney gas pipeline earlier than expected

By: Henry Lazenby     21st March 2017 Pipeline operator TransCanada has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline Project (NMMP) ahead of schedule. The Calgary, Alberta-based oil and gas transporter has already been granted the required federal and... 

Canadian crude index outperforms WTI, as oil sags and natural gas rallies

By: Henry Lazenby     11th March 2017 While crude oil was in a tight range in January and February, the price of crude oil has risen since the election of US President Donald Trump last November. That was until early March, when the West Texas Intermediate (WTI) benchmark corrected and this week dipped below the psychologically... 

Agrium Q4 profit falls two-thirds as fertiliser market slump weighs

By: Henry Lazenby     10th February 2017 Calgary, Alberta-based fertiliser producer Agrium, which controls the largest retail distribution network in North America, has reported a 67% slide in net fourth-quarter earnings attributable to equity holders, to $67-million, or $0.49 a share. The company, which is in the process of merging... 

Dominion Diamond CEO quits

By: Henry Lazenby     31st January 2017 The CEO of the world’s third-largest diamond producer Dominion Diamond Corporation, Brendan Bell, has resigned, saying the corporate relocation from Yellowknife, in the Northwest Territories, to Calgary, Alberta, “is not the right move for my family”. The TSX- and NYSE-listed miner has engaged... 

Ikea Canada picks up second Alberta wind farm, pays Teck, TransAlta C$119.6m

By: Henry Lazenby     27th January 2017 Scandinavian furniture and furnishings company Ikea Canada has bought a second wind farm in Alberta as part of its global ambition to match its electricity consumption with renewable energy production by 2020. Ikea will acquire an 88 MW wind farm located near Drumheller, about 130 km east of... 

Trump aides said to prepare list of early energy changes

By: Bloomberg     21st January 2017 Donald Trump’s advisers have prepared a short list of energy and environmental policy changes he can take now that he has been sworn in as president, including steps to limit the role that climate change plays in government decisions and speed the review of cross-border pipelines. The list of... 

Manitok hits new production record

By: Henry Lazenby     9th December 2016 TSX-V-listed Manitok Energy has reached a new production record of 7 100 barrels of oil equivalent a day (boe/d), based on field estimates, surpassing the previous record of 6 500 boe/d achieved in October. Calgary-based Manitok, which focuses on Lithic Glauc (LG) oil reservoirs in south-east... 

Corporate relocation to Calgary to save Dominion C$19m a year

By: Henry Lazenby     8th November 2016 Canadian diamond producer Dominion Diamond Corp on Monday said a move to relocate its head office from Yellowknife, in the Northwest Territories (NWT), to Calgary, Alberta, is expected to save C$19-million a year once fully implemented. Despite costing about 100 jobs in the NWT, the project is... 

Auspice Capital launches first-ever Canadian Natural Gas Index ETF

By: Henry Lazenby     27th October 2016 Calgary-based alternative investment manager Auspice Capital Advisors has launched the first-ever Canadian Natural Gas Index ETF (GAS), the company announced on Thursday. Together with the Canadian Natural Gas Index (CGI), this exchange-traded fund (ETF) enables investors and market participants... 

Trudeau said to plan pipeline approval, favour Kinder Morgan

By: Bloomberg     14th September 2016 Canadian Prime Minister Justin Trudeau plans to approve at least one new oil pipeline project in his first term, with Kinder Morgan’s Trans Mountain expansion to the Pacific Coast the most likely candidate, people familiar with his plans said. The prime minister is seeking to strengthen... 

Anglo American’s Gahcho Kué to provide C$6.7bn boost to Canadian economy

By: Henry Lazenby     9th September 2016 A new report by professional services firm EY has calculated that the world’s largest new diamond mine under construction in Canada’s Northwest Territories (NWT), Gahcho Kué, will provide a C$6.7-billion boost to the Canadian economy. “Diamonds are perhaps one of Canada’s best kept secrets, yet,... 

Trudeau faces split Aboriginal groups in Kinder Morgan ruling 

By: Bloomberg     24th August 2016 In the rolling country of central British Columbia, Michael LeBourdais’s Whispering Pines Indian Band is looking forward to a cash injection from a new pipeline proposed by Kinder Morgan Energy Partners LP. He’ll be seeking compensation for his band if it doesn’t go through. Meanwhile, 400 km... 

Suncor expands reach in UK’s North Sea basin

By: Henry Lazenby     9th August 2016 Canadian oil and gas major Suncor Energy will acquire a 30% participating interest in the UK North Sea Rosebank project from international, integrated oil and gas company OMV for an initial payment of $50-million. Subject to conditions, including regulatory approval, subsidiary Suncor Energy UK... 

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