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. […]
Enbridge Northern Gateway officials are loath (to put it mildly) to speak to the media but sometimes they let things slip. Earlier this summer, at a social event, I heard an Enbridge official (probably inadvertently) reveal that when the company's engineers came before District of Kitimat Council earlier this year they were surprised and somewhat […]
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 […]
The Haisla Nation's plan for entering the LNG business is based on the idea that “it is anticipated that the Haisla Projects will be developed using a business model based on controlling two components of the value chain: land and pipeline capacity” according to its application to the National Energy Board for a natural gas […]
Chevron has applied to the BC Ministry of the Environment for a permit to discharge storm water from the liquified natural gas construction site at Bish Cove and along the shore of Douglas Channel. The construction site is currently operating on a Waste Water Discharge Approval that expires on Oct. 31. The application sets […]
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 United States says acidification of the oceans means there is an already growing risk to the northwest coast fishery, including crab and salmon, according to studies released by the National Oceanic and Atmospheric Administration. As more carbon dioxide is released into the atmosphere and absorbed by the oceans, the water is becoming more acidic […]
A New York hedge fund, also known as an aggressive activist investor, which just bought a huge stake in Apache, is urging the company to get out of the Kitimat LNG project. Numerous media reports say that Jana Partners recently bought a one billion dollar stake in the Houston and Calgary based oil and natural […]