The Financial Post reported today that oil prices in Canada are holding steady, although shares in TransCanada Corp. (TSX:TRP) fell after news that the U.S. would delay a decision regarding the company's Gulf Coast pipeline project. TransCanada share prices fell by 3.7% in Toronto on Monday, the biggest fall since summer 2009, according to the Post.
Articles Tagged "Oil Company News"
Simba Energy Inc. (TSXV:SMB,FWB:GDA,OTCQX:SMBZF) has signed an agreement with Bell Geospace to conduct an airborne full-tensor gradiometry survey on Block 2A in Kenya. The survey is expected to start in early May and be completed within approximately one month.
The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Bloomberg reported that Glencore Xstrata (LSE:GLEN) has purchased Caracal Energy Inc. (LSE:CRCL) for roughly $1.35 billion. Glencore hopes to gain oil and gas assets in central Africa, as Caracal is focused in Chad.
The Globe and Mail reported that Kitimat B.C. residents have voted against the Enbridge (TSX:ENB) Northern Gateway pipeline in a non-binding plebiscite. The municipality has stayed neutral up until this point, opting not to take part in a joint review of the project, according to the Globe.
CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced commercialization plans for the Kutai West Production Sharing Contract development in Indonesia.
Deep Down, Inc. (OTCQX: DPDW) reported financial results for the full fiscal year 2013.
CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) reiterated its focus on achieving commercial gas production this year and selling it into the high-priced Asian markets.
Mining Weekly reported yesterday that Canada's US Oil Sands Inc. (TSXV:USO) is using an environmentally friendly, citrus-based technology to design and build the United States' first commercial oil sands project.
Mining Weekly reported that Glencore Xstrata plc (LSE:GLEN) is interested in purchasing Nigerian oil assets being sold by Royal Dutch Shell plc (LSE:RDSA).