More Unconventional Resources News

Shell Canada reports record earnings

Jan 25, 2001 Shell Canada Ltd., Calgary, joined a growing list of Canadian oil patch companies reporting record earnings for the year 2000, based on strong commodity prices and improved refining margins. The company earned $858 million (Can.) in 2000, compared with $641 million in 1999.

Syncrude Canada buys power plant

Feb 1, 2001 Syncrude Canada Ltd.'s joint venture partners have bought a power plant near their Mildred Lake oil sands plant in northern Alberta from TransAlta Ltd., Calgary, for $65 million (Can.). The sale was effective Jan. 1, 2001.

Anadarko to drill 600 wells in Western Canada this year

Feb 9, 2001 Anadarko Petroleum Corp. said Friday it plans to invest $380 million (Can.) this year through Anadarko Canada Corp. to drill 600 wells in Western Canada. About $265 million (Can.) of the capital budget will go for development and exploratory wells.

Electric power interruptions curtail California oil and gas production

Feb 12, 2001 Electric power disruptions are curtailing oil and natural gas production in California, including some gas supplies for the very plants that generate electricity, industry officials said Monday.

Imperial plans $1 billion oil sands expansion

Feb 20, 2001 Imperial Oil Ltd. said Monday it plans a $1 billion (Can.) expansion of its oil sands operations at Cold Lake, Alta. The expansion would develop an extra 30,000 b/d of bitumen from three new production phases (Phases 14-16) in a new operating area known as Nabiye, which will add 250 million bbl of net proved reserves at Cold Lake.

Gas geysers in Hutchinson, Kan., puzzle investigators

Feb 21, 2001 Investigators are using a combination of water-well rigs and coiled-tubing units to find and vent shallow migrating pockets of natural gas that recently sparked explosions that killed two people in Hutchinson, Kan.

Washington group urges federal energy policy reforms

Feb 21, 2001 The US urgently needs a national strategy that better balances the realities of energy production and transmission with environmental and consumer concerns, the US Energy Association said Wednesday. The nongovernmental group, based in Washington, DC, is the US member committee of the World Energy Council.

Canadian minister says his nation could offset ANWR production

Feb 22, 2001 Energy Minister Ralph Goodale said Canada's reserves are supply alternatives to the US opening the coastal plain of the Arctic National Wildlife Refuge to drilling. Goodale told a Calgary conference that Canada�s petroleum reserves in oil sands, the Arctic, and the East Coast offshore areas offer the US an alternative.

Ashland completes Arch Coal divestiture

Feb 22, 2001 Covington, Ky.-based Ashland Inc. said Thursday it sold its remaining common stock in Arch Coal Inc., St. Louis, the second largest US coal producer, and will use the proceeds to pay down corporate debt. Concurrently, Arch Coal said it completed a primary offering of 5.2 million shares of stock at a sale price of $19/share and will use the proceeds to pay debt.

Husky to spend $5.25 billion (Can.) over 10 years on oil sands projects

Feb 23, 2001 Husky Energy Inc., Calgary, plans to invest $5.25 billion (Can.) [$3.5 billion (US)] over 10 years in three oil sands projects in northern Alberta. One project will be at Tucker Lake, west of Cold Lake, Alta. Two others will be at Kearl Lake, on leases about 50 miles north of Fort McMurray.

Sen. Murkowski to file omnibus energy policy bill on Monday

Feb 23, 2001 Sen. Frank Murkowski (R-Alas.), the Energy and Natural Resources Committee chairman, plans to introduce legislation Monday intended to reduce US oil import dependency to less than 50% by 2011 from the current 56%. The legislation is expected to influence the energy policy program that President George W. Bush's administration is preparing. Vice-President Dick Cheney is heading a cabinet task force drafting that plan.

Tractebel to boost Thai power holdings

Feb 27, 2001 Tractebel SA, the Belgian energy arm of French utility Suez Lyonnaise des Eaux, has moved to consolidate its power portfolio in Thailand. The firm is close to acquiring an additional 17% stake in Cogeneration PLC (COCO), one of the largest private power producers in Thailand, held by the Thai coal mining and energy group Banpu PLC and Nordic Power Invest AB of Scandinavia.

Regulators around globe watch Hutchinson, Kan., gas leak incident

Mar 1, 2001 Natural gas that apparently escaped from an underground salt storage unit and erupted in Hutchinson, Kan., killing two residents, has put a solution mining operation on hold in the UK and prompted German regulators to seek more information on such activity, an industry consultant said Thursday.

Consultants: Coal outlook rosy for most US regions

Mar 5, 2001 Most US steam coal markets will be tight this year, reflecting high natural gas prices and rising demand for electricity. Demand was especially strong at Wyoming's Powder River basin Wright area mines and in the Illinois basin last year, said consultants Hill & Associates, Annapolis, Md. Demand softened in Utah and Colorado but is projected to remain strong in Appalachia.

Deep Creek outlines plans for oil sands pilot plant

Mar 15, 2001 Deep Creek Energy Ltd., Calgary, has applied for regulatory approval to build a $20-30 million (Can.) pilot plant in the Alberta oil sands, 40 miles north of Fort McMurray.

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Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

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