Oil Sands News
Encana Corporation and Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, have entered into a joint venture arrangement to explore and develop Encana's undeveloped Duvernay land holdings in west-central Alberta...Spectra Energy has announced that it will spend $1.49 billion ($1.25 billion in cash and $240 million in debt) to buy the Express-Platte Pipeline System, formerly owned collectively by the Ontario Teachers' Pension Plan, Borealis Infrastructure, and pipeline operator Kinder Morgan Energy Partners, which moves crude oil from Western Canada to refineries in the Rocky Mountain and Midwest regions of the United States.
East Coast News
Emera, the primary provider of power in Nova Scotia, has announced an agreement to acquire government owned Brooklyn Energy, a biomass electrical co-generation facility located in Brooklyn, Nova Scotia...The Newfoundland and Labrador House of Assembly passed a motion that the Government of Newfoundland support the Muskrat Falls Hydro Project development.
West Coast News
British Columbia Premier Christy Clark has announced the B.C. government's plan to export liquefied natural gas to Asian markets, indicating a prediction that it will have an economic impact on scale with that of the Alberta oil sands.
Canadian Arctic News
Qulliq Energy is beginning a feasibility study and environmental review on two multimillion dollar hydro-electric dams near Iqaluit...Kivalliq Energy has announced that five diamond drill holes at the Nine Iron Trend have led to a uranium discovery in Nunavut...The Northwest Territories has a potentially large shale oilfield in the MacKenzie Valley, and Arctic offshore Northwest Territories government officials met with interested firms in Houston, Texas to discuss possible development.
Alternative Energy
Ontario's Environment Review Tribunal has upheld the approval of a wind project in South Kent, Ontario, following a challenge by ChathamKent Wind...Cartier Wind has announced the operation of its Gros-Morne Phase II powered by wind turbines and located in the Gaspésie region of Quebec...Sea Breeze Power, a British Columbian energy power with a focus on "green power" is pursuing a possible wind farm development in the Prince Rupert region in British Columbia...REpower has signed a deal to supply 51 turbines to six wind farms currently being built in Canada.
On the Horizon
Cenovus Energy and SaskPower have signed a 10- year agreement for the purchase of the full volume of CO2, approximately one million tonnes per year, captured from SaskPower's facility at Boundary Dam Power Station, near Estevan, Saskatchewan...Exxon Mobil is moving forward with the $14 billion offshore Hebron oil field off the coast Newfoundland.
Read the complete Canadian Energy Development update.
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