The headline on Thursday’s CBC.ca coverage of the sudden controversy over a boycott in British Columbia of Tim Horton's over the Enbridge ads sums up everything that's wrong about media coverage not only of the boycotts, but of northwest energy and environment issues overall. “Tim Hortons yanks Enbridge ads, sparks Alberta backlash.” The anger at […]
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 […]
Chevron, the lead corporation in the Kitimat LNG project announced on January 23 that the Moricetown Indian Band had agreed to join the First Nations Limited Partnership, in effect, approving the Pacific Trail Pipeline that would take natural gas to the project in Kitimat. Here is the news release from all parties involved. Vancouver, British […]
Apache Corporation today announced it has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Australila's Woodside Petroleum Limited for a purchase price of $2.75 billion. The news release says: Apache will also be reimbursed for its net expenditure in the […]
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. […]
Apache Corp is still looking for a buyer for its stake in the Kitimat LNG project, company CEO Steven Farris told investors Thursday as the company reported its third quarter results. Farris gave no details, just telling an investor conference call, that as he reported during the second quarter call, that company intends to "completely […]
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 […]
Chevron is sticking with the Kitimat LNG project but won't make a Final Investment Decision until it has signed sales and purchase agreements for between 60 and 70 per cent of the natural gas, Chevron’s vice-chairman and executive vice-president of upstream operations, George Kirkland told investment analysts in a conference call Friday. Kirkland said that […]
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 […]
The Wall Street Journal is quoting sources that Sinopec, China's largest petroleum refining company, "is in early talks with U.S.-based oil-and-gas producer Apache to buy a minority stake in a liquefied natural gas project on Canada's Pacific coast." And since Apache is a partner with Chevron in KM LNG, that means the project commonly known […]