British Columbia

LNG tanker

Both Malaysian state-owned oil major Petronas and the British Columbia (BC) provincial government refuse to throw in the towel on the Petronas-led C$36 billion (US$32 billion) Pacific Northwest LNG project in BC. On Friday, Petronas said that in the coming weeks it will announce a “conditional” final investment decision (FID) on its proposed terminal. The… Keep reading →

pacific northwest lng

A staggering C$1.149 billion ($958 million) – that’s how much money developers had offered the Lax Kw’alaams Band, a First Nation community of 3,600 on  British Columbia’s northwest coast, for clearance to build a liquefied natural gas terminal in their territory. They said no. “Hopefully, the public will recognize that unanimous consensus in communities (and… Keep reading →

BC tanker

British Columbia’s (BC) once high-flying liquefied natural gas (LNG) ambitions are taking yet another hit. The one-time goal of the Canadian province to have several LNG projects exporting gas to the Asia-Pacific market has already stalled amid plunging global oil and natural gas prices. Now, the Petronas–led C$36 billion (US$32 billion) Pacific Northwest LNG Project… Keep reading →

Trans-Alaska Pipeline

The 525,000 barrel per day pipeline designed to transport diluted bitumen from Northern Alberta’s oil sands development projects to the Pacific Coast in Kitimat, British Columbia received federal government approval after the markets closed yesterday. There are many hurdles yet to negotiate before Enbridge – the pipeline company proposing the project – can reach a… Keep reading →

A liquified natural gas (LNG) tanker sit

The US could run afoul of the WTO if LNG export approvals are not more quickly granted. “In a report commissioned by the National Association of Manufacturers, he [James Bacchus] wrote, ‘The tables may be turned on the United States directly in the WTO, but also through other countries walking away from core principles that… Keep reading →

Wisconsin Lawmakers To Debate Bill That Would Cripple Wind Energy In State

Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens. IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question… Keep reading →

Warren Buffett And BofA CEO Brian Moynihan Speak At Georgetown University

Warren Buffett’s Berkshire Hathaway bought 40.1MM shares of ExxonMobil for $3.45bln, and now holds about 0.9% of the company’s stock. UK’s BG has sold additional interests in its Queensland Curtis LNG project in Australia to China National Offshore Oil Corp. for $1.93 billion, and to supply the state-controlled Chinese firm with an additional 5 million tons per year of LNG… Keep reading →

UEFA EURO 2012 Final Draw Ceremony

Chevron has signed a $10 bin, 50-year agreement with the government of Ukraine to explore for and develop oil and gas in the Olesska field in the western part of the country. Chevron is expected to spend $350MM for exploration over two to three years. Ukraine has a strong interest in developing its domestic resources as a means of reducing… Keep reading →

Nordic Combined - Day 14

A new estimate of marketable resources in Canada’s Montney Shale spanning Alberta and British Columbia suggests that the play holds enough gas to meet the entire country’s 2012 demand for well over a century. “Total Canadian natural gas demand in 2012 was 88 billion m3 (3.1 Tcf), making the Montney gas resource equivalent to 145… Keep reading →

Trans-Alaska Pipeline

TransCanada’s proposed Energy East pipeline could provide Canada with an outlet for Alberta’s oil sands that sidesteps political opposition obstructing competing projects heading south and west. But with the shift in oil demand growth from the Atlantic Basin to the Pacific, moving oil east may be a second-best solution. TransCanada’s Keystone XL and Enbridge’s Northern… Keep reading →

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