Mining News: Junior scores 'major' coup in Far North 01/17/2010
AngloGold Ashanti Holdings Plc joins Commander Resources Inc. quest for 'elephant' gold on district-scale Baffin Island property
Among juniors actively working to attract majors to invest in mineral exploration projects scattered across Canada's Far North, one Vancouver, B.C.-based company leaped to the front of the pack recent...

Tales of woe on North America's refinery row 01/17/2010
The trail of wreckage on North America's Refinery Row gained another victim Jan. 7 with Royal Dutch Shell's decision to turn its Montreal facility into a fuel terminal after failing to find a buyer fo...

Canada makes 'absolute' shift 12/13/2009
The Canadian government has entered the Copenhagen climate change summit hinting that it may be ready to make a fundamental course correction in its environmental policy by imposing absolute emission...

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...

Statoil opening Alaska office, plans Chukchi seismic shoot 11/22/2009
Statoil USA EandP is looking for office space in Anchorage to house the company's first Alaska-based employee, Karin Berentsen. Berentsen, who will be moving to the state from Norway in January, is work...

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...

Koreans stun Canadian oil patch 11/01/2009
State-run KNOC offers premium for Harvest Energy Trust holdings in search for energy security; bolsters chances of new sands market
South Korea's state-run Korea National Oil Corp. has taken a headlong plunge into Canada's energy sector in a highly complex move that is causing widespread head scratching within the industry. The mo...

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...

Arctic Directory: A shared Arctic effort 09/20/2009
Companies must work together to conquer Far North, speakers tell OTC audience
No aspiring oil company can be an island when it comes to living and working in Arctic conditions, according to those in the know. So complex and formidable are the challenges that sharing information...

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...

BP, Irving scuttle plans 08/02/2009
Sweeping changes in refining sector rule out need for New Brunswick plant; North America awash with surplus capacity
Given a bulging list of North American refineries up for sale, it was no surprise that BP and Irving Oil bailed out on plans to proceed with North America's first greenfield oil refinery in more than...

Canadian SandS in trouble 07/19/2009
CAODC drops well completion forecast by 29%; rig utilization forecast at 25.5%
Canada's upstream service sector is no longer mincing words about the outlook for the rest of 2009. Don Herring, president of the Canadian Association of Oilwell Drilling Contractors, said the industr...

Newfoundland lands second equity deal 06/21/2009
By Gary Park
Newfoundland Premier Danny Williams carries a very self-satisfied look these days, having landed a tentative agreement that gives his province its second ownership stake in an offshore oil project. A...

Investing in the Arctic 06/21/2009
Companies must work together to conquer Far North, speakers tell OTC audience
No aspiring oil company can be an island when it comes to living and working in Arctic conditions, according to those in the know. So complex and formidable are the challenges that sharing information...

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....

Mining News: High hopes for Nunavut's next mine 04/26/2009
Low-cost gold producer tackles challenges of Canadian arctic in bid to bring modern gold production to the Far North territory
Nunavut Territory's next mine appears to be a winner. On track to begin initial gold production in early 2010, the Meadowbank Project promises to deliver the best of what those who pressed for the cre...

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...

Spanish make landfall in Atlantic Canada 03/01/2009
It's not quite a Spanish Armada, but there's no longer any doubt that the Spaniards have made landfall in Atlantic Canada's oil and natural gas plays. Five days after EnCana reported its long-delayed...

Consultant says Arctic gas faces a long road ahead 03/01/2009
Battling higher construction costs, a drawn-out regulatory process and accelerating development of liquefied natural gas are all extending the timeline for tapping into Arctic gas in North America, ac...

British Columbia offshore dusted off 01/25/2009
Out of the spotlight for almost three years, the oil and natural gas future of British Columbia's offshore got a fresh airing this month when a geologist and exploration consultant suggested public pr...

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...