Husky makes oil strike in Newfoundland 12/06/2009
Husky Energy, currently the most active company in Atlantic Canada's offshore, has brought some cheer to an otherwise bleak exploration year in the region, disclosing a possible new source of oil just...

Mining Explorers 2009: Majors discover value in Millrock 11/01/2009
Investments help project-generating junior seek new gold projects in tough financial times
When Greg Beischer and Phil St. George teamed up to form Millrock Resources Inc. early in 2007, they set out to make big discoveries that would attract the interest of the world's mining giants. The M...

Fiscal climate in eastern Canada calm 10/11/2009
Area economy small, driven by large offshore projects; Repsol newest player; ConocoPhillips hunting rig, may face political issues
Eastern Canada is a region normally associated with high winds and high unemployment. Ironically, however, the fiscal climate there remains calm during this recession. In some parts of the region, rea...

Canada's offshore oil patch skirts storm 10/04/2009
Newfoundland, Labrador experiencing private sector growth in economic downturn, mostly due to offshore oil and gas investment
As a perfect economic storm batters global markets one hatch of the Canadian ship of state remains wide open to boom times. Newfoundland and Labrador - known across Canada as The Rock - is experiencin...

Mining News: Majors discover value in Millrock 09/27/2009
Junior uses investments to expand portfolio of Alaska gold properties; restricts exploration focus to prospect for giant deposits
Built on a project generator model, Millrock Resources Inc. has teamed up with Kinross Gold Corp., Altius Resources Inc. and Vale Exploration Canada to seek out and explore new large gold and copper p...

Newfoundland welcomes new field 09/13/2009
The Newfoundland offshore has received a regulatory green light for another step-out field in its Hibernia oil project. The Canada-Newfoundland and Labrador Offshore Petroleum Board approved developme...

USCG deploys drifting buoy in Arctic 09/13/2009
As an initial exercise in a program to deploy a network of buoys for scientific research data collection in the Arctic, a U.S. Coast Guard C-130 aircraft based in Kodiak has dropped an ocean drifting...

Mining News: Discovery sparks rush to White Gold area 06/28/2009
Miners scramble to stake thousands of claims within weeks as Underworld Resources' drilling results capture industry's imagination
The recent discovery of significant gold mineralization near the headwaters of the White River in western Yukon Territory has sparked a staking rush fired by the imagination of miners with a long memo...

Forget and forgive in Newfoundland 05/17/2009
Hebron partners file regulatory application for region's 4th commercial offshore project, leaving rifts with government in the past
It will be 12 years behind the original startup date, but Newfoundland's fourth commercial offshore oil field will come on-stream in 2017, contingent on the usual regulatory and corporate sanctioning....

From tragedy to triumph 04/19/2009
StatoilHydro opens door to 2nd Newfoundland basin a month after 17 die in crash
What would otherwise have been a cause for celebration was confined to a subdued response, when Newfoundland recorded its first discovery in 20 years while the province is still grieving the loss of 1...

Newfoundland gas beckons 03/29/2009
Government-industry discussions could result in royalty incentives; Labrador Sea viewed as stepping stone to Greenland, Arctic
At the same time it is mourning the loss of 17 rig workers and two air crew members in the North Atlantic crash of a helicopter, the Newfoundland government is quietly readying its offshore for the ne...

Newfoundland: Dealing with a tragedy 03/22/2009
Province reels from loss of 17 in helicopter ditching; pushes ahead with exploration; weighs initial gas project royalty holiday
It might have been a time of quiet celebration and a mood of hope for the future of Newfoundland's offshore oil and gas industry. Instead, it was the worst of all times, with the deaths of 17 rig work...

Canada steps up Arctic OCS mapping 02/01/2009
With only four years left in the race to lay claim to the Arctic Ocean seabed, Canada is gearing up for six months of mapping work by a team of federal scientists to determine how far the continental...

Entering dangerous waters 01/04/2009
Newfoundland premier sends hostile signal; opens way to NAFTA challenge
There's apparently no limit to the high-stakes instincts of Newfoundland Premier Danny Williams, a.k.a. Danny Chavez, a.k.a. Hugo Williams - a less-than-subtle link with Venezuelan strongman Hugo Chav...

The Rock turns into a brick 11/30/2008
Newfoundland recovers from setbacks; Spain's Repsol latest entry; Husky, Statoil drill early well; full steam ahead for Hebron
Occupying a lonely spot in the storm-battered North Atlantic, Newfoundland often feels left out of the loop. Right now that might be a blessing. If there's a worldwide recession brewing, someone may h...

Hunt for Labrador natural gas revived 09/21/2008
Newfoundland royalty regime, technology advances attract C$186 million in exploration bids; gas discoveries to date total 4.2 Tcf
Just as it happened in Western Canada, the search for oil occurred long before anyone began looking for natural gas on Canada's East Coast. But the potential resource of 61 trillion cubic feet offshor...

Husky to shoot 2-D offshore Greenland 08/10/2008
The Arctic quest by Husky Energy has moved up a notch, with the Hong Kong-controlled company moving ahead with its planned seismic program offshore Greenland. The Calgary-based company said July 23 th...

Deepwater rig market tightens; U.S. offshore drilling firms ink contracts exceeding $3.5 billion 04/06/2008
U.S.-based Pride International, Transocean, Ensco International and Rowan Cos. have entered into lucrative rig contracts totaling more than $3.5 billion with some individual rig leases surpassing a ha...

MINING NEWS: Alaska tumbles in mining policy ranking 03/30/2008
Mining survey reflects growing uneasiness in industry about Alaska's public policies, mixed results among Canadian jurisdictions
Alaska would be a great place for mining companies to do business if not for the state's increasingly onerous regulatory and fiscal policies, according to the latest results of a well-respected indust...

Newfoundland gets fresh lift 03/30/2008
White Rose, Terra Nova may expand; optimism for discovery off west coast
Every bit as turbulent as the Atlantic Ocean that pounds its shoreline, Newfoundland finds itself in a rare condition these days as hope builds on a number of fronts - possible expansion of its White...

Benefits and risks 03/30/2008
Oil and gas development could reinvigorate Alaska's Bristol Bay region
It's been 20 years since the last oil and gas lease sale in the U.S. Minerals Management Service North Aleutian planning area in the southeastern Bering Sea on the north side of the Alaska Peninsula....

MINING NEWS: Cash Minerals touts 'exciting' results 01/27/2008
2007 drilling at Northern Yukon prospect raises hopes for Olympic Dam-type iron oxide copper-gold-uranium discovery in Canada
Nash Minerals Ltd. and its joint venture partner Mega Uranium Ltd. may have a tiger by the tail, but the beast these explorers are tracking is metallic in nature. Unveiling the most promising results...

MINING NEWS: Bayswater revs up exploration in Nunavut 01/27/2008
Bayswater Uranium Corp. Jan. 7 said results of its 2007 field program from the North and South Thelon Projects located in Nunavut and Northwest Territories, Canada respectively, successfully delineate...

Alaska well-placed in global survey 12/23/2007
As reported in last week's issue of Petroleum News, Alaska trails Wyoming and Colorado among U.S. states, but edges out all Canadian provinces except Saskatchewan in a study of investment "friendlines...

Alberta getting nudged off center-stage as tax hikes prompt big EandP companies to shift capital spending to United States 12/23/2007
The verdicts are rolling in for Alberta's proposed new royalty regime as the leading EandP companies take the wrapping off their 2008 capital budgets. But, in the process, those companies are reinforcin...