Oil Sands News
The North West Redwater Partnership ("NWR"), with partners Canadian Natural Resources Limited ("CNRL") and North West Upgrading Inc. ("NWU"), has announced that it is proceeding with the construction of the Redwater bitumen refinery located near Edmonton...TransCanada has entered into an agreement with BP to acquire from BP its 40% interest in the assets of the Crossfield Gas Storage Facility...Enbridge Pipelines ("Enbridge") will be making a $1.8 billion expansion to its mainline system between Edmonton and Hardisty, Alberta.
East Coast News
Husky has signed a 5‐year contract with Seadrill, a Norwegian company, to use a semi‐ submersible rig, the West Mira, to operate in harsh environments...Shell Canada Limited has won exploration rights in five areas of the Laurentian Basin, 350 km southwest off the shore of Newfoundland and Labrador.
West Coast News
The wind turbines for the Knob Hill wind farm have begun to arrive in Port Hardy.
Canadian Arctic News
Advanced Explorations has received unanimous board approval to move ahead with engineering studies on powering Roche Bay, an iron mining project, with liquid natural gas...Canada Coal's 2012 exploration program has shown extensive thermal coal deposits, with low sulphur and ash content, located on the Ellesmere's Forshein peninsula...MGM Energy, a northern exploration company based in Calgary, is raising $11.8 million through an offering of rights that will increase its share total by 23.5%.
Alternative Energy
Canadian Solar has been ranked on Deloitte's Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America...Newfoundland and Labrador's Crown owned Nalcor Energy continues to recommend completion of the Muskrat Falls Hydro Electric Project.
On the Horizon
Bison Transports ("Bison") and Shell Canada Products ("Shell") have signed a 5‐year fuels supply agreement to fuel up to 15 tractors from Bison's fleet with LNG from Shell's publically accessible LNG refueling installations...The Canadian Government approved two controversial takeovers of Canadian companies, the acquisition of oil and gas company Nexen by Chinese state‐owned enterprise CNOOC, and the acquisition of natural gas producer Progress Energy by Malaysian state‐owned enterprise, Petronas.
Read the complete Canadian Energy Development update.
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