Most historians and archaeologists believe that the First Peoples to arrive in North America came down the West Coast on what they now call the “kelp highway.” The review paper “The First Americans” was published this week in the prestigious journal Science. Evidence from archaeological sites from the British Columbia coast to the southern tip […]
Scientists have identified a new species of a strange marine mammal group that lived on the Pacific Coast between 33 million years ago and 10 million years ago. The new specimens — from at least four individuals — were recovered from Unalaska, in theAleutians. The Desmostylians, unlike other marine mammals species alive today — such […]
Ninety-seven years ago, long before the main townsite was founded in the 1950s, (the Haisla Nation, of course, had been here for thousands of years) Kitimat was to play a short, now forgotten and unlucky role in the First World War with the launch of a vessel in New Westminster called the War Kitimat as […]
Chevron will not be making a final investment decision on the Kitimat LNG project in 2015, Pat Yarrington, the company’s vice president and chief financial officer told the first quarter earnings conference call Friday, May 1. All FIDs for Chevron projects around the world, with one exception, are on hold for this year Yarrington said. […]
Woodside Petroleum, the new partner with Chevron in the Kitimat LNG project is raising US$1 billion through the issue of corporate bonds into the U.S. market “to fund its capital and exploration expenditure program.” A news release from Woodside says “the bonds will be issued by Woodside Finance Ltd, a wholly owned subsidiary of Woodside […]
A US-based engineering and consulting firm, Black & Veatch has issued an optimistic outlook for liquified natural gas exports from both Canada and the United States. Looking at the the number of LNG export licenses issued to projects “that are likely to proceed,” Black & Veatch raised its forecast for LNG exports by 2020 from the […]
Mongolia will hold a reality television style text message referendum on the future of Rio Tinto’s troubled Oyu Tolgoi copper mine project, the Financial Times reports. The FT says Mongolian prime minister Saikhanbileg Chimed will ask voters whether their country should develop more of its mineral resources or resort to austerity to support the faltering […]
The Australian Business Review is reporting that Woodside Petroleum, a cash rich Australian energy company, has its eye on Apache’s 50 per cent stake in the Kitimat LNG project. As part of any deal, Woodside would probably also have to buy Apache’s stake in the Australian Wheatstone LNG project, which is also up for sale. […]
Chevron Corporation says its wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 per cent interest in its Duvernay shale gas play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion. The total purchase price includes cash paid at closing as well as a carry of a […]
Apache will “completely exit” the Kitimat LNG project, company CEO Steven Farris told investors Thursday as the company reported its second quarter results. The pull out from Kitimat is part of a plan by Apache to spin off assets that are not part of its “base business” so it can concentrate on its “North American […]