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Pipeline News

Encana to buy 30 per cent stake in Kitimat liquefied natural gas terminal

CALGARY _ Canadian natural gas giant Encana Corp. is looking to tap into lucrative overseas markets by taking a 30 per cent stake in an export terminal planned for the northern British Columbia coast.

NEB Gets Another Application Proposing To Export LNG Off B.C. Coast

The National Energy Board has received a second application seeking approval to export liquefied natural gas from British Columbia's North Coast near Kitimat. B.C.

Shell diverting LNG to help Japan

AMSTERDAM, Netherlands _ Royal Dutch Shell PLC said Tuesday it plans to divert liquefied natural gas and fuel oil to Japan to help replace energy sources damaged in last week's earthquake and tsunami.

Dejour Begins Water Injection At Woodrush

Dejour Enterpirses Ltd. says it has completed waterflood construction, commenced water injection into the Woodrush Halfway oil pool in British Columbia as planned and will now work to optimize the flood performance.

Talisman To Sell Half Its Cypress A Montney For $1.05 Billion

In the second such deal in less than three months, Talisman Energy Inc. is selling a 50 per cent net working interest in its Cypress A Montney natural gas assets to South Africa's Sasol Limited for $1.05 billion.

Continued Interest In Deep Basin Helps Drive Alberta's March 9 Land Sale

Several large bonus bids in the Deep Basin south of Grande Prairie - land with potential in deeper formations such as the Duvernay shale - helped the Alberta government take in $175.4 million at the its Wednesday land sale.esday land sale.

Kaybob to drive growth in capital spending

Paramount Resources Ltd. plans to boost this year's capital spending on its principal properties to $425 million, excluding land acquisitions, an increase of 50 per cent over the $281.

Oil gives some early gains

NEW YORK _ The crisis in Libya is again pushing oil higher, with a North American benchmark crude approaching a 2 1/2-year high before official trading in New York began Monday.

US approves work on first deep water well since spill in Gulf of Mexico

NEW YORK - The U.S. has approved the first deep-water drilling permit in the Gulf of Mexico since last year's massive oil spill.

Surging oil prices, Bank of Canada rate announcement to grab investor attention

TORONTO _ Volatile oil prices, the latest word from the Bank of Canada on interest rates and a report on economic growth at the end of last year will give investors plenty to chew over this week.