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 elected council of the Wet’suwet’en First Nation have signed an agreement with British Columbia for the proposed Coastal GasLink (CGL) pipeline project, a news release from the province says. The news release says: The Wet’suwet’en First Nation will receive approximately $2.8 million from the Province at three different stages in the CGL project: $464,000 upon […]
The province of British Columbia has posted a request for bids for an extensive air shed study for Prince Rupert, a study that has much wider scope that the controversial Kitimat air shed study. The maximum cost for the study is set at $500,000. The BC Bid site is asking for a study of potential […]
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. […]
The world’s business media are paying rapt attention to Glencore’s now stalled attempt to take over Rio Tinto. Late Tuesday, the company issued a news release which says Glencore announces that in July 2014 it made an informal enquiry by telephone call to Rio Tinto, seeking to gauge whether there might be any interest at Rio […]
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 […]
LNG Canada has chosen CFSW LNG Constructors, a consortium of four engineering companies Constructors as its main contractor for Front End Engineering and Design (FEED) as well as project execution services for the proposed liquified natural gas export facility. The contractors will begin FEED activities for the LNG Canada project on June 1, 2014. Final […]
LNG Canada, the project led by Shell Canada Energy, has passed the first step in the environmental review process for the liquified natural gas plant and terminal. LNG Canada said Tuesday that the British Columbia Environmental Assessment Office has approved LNG Canada’s Application Information Requirements (AIR) for the proposed project. The company says the AIR […]
A new study indicates that atmospheric emissions of methane, a critical greenhouse gas, mostly leaking from the natural gas industry are likely 50 per cent higher than previously estimated by the US Environmental Protection Agency. A study, “Methane Leakage from North American Natural Gas Systems,” published in the Feb. 14 issue of the […]