ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project
U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies’ 50 per cent stake in the Surmont oilsands project for $4 billion.
Royal Helium locks in offtake agreements for all the helium from its first processing facility
It’s not even finished, but Royal Helium already has buyers for all the helium it can produce out of its first facility.
For the fourth time in 16 days, Alberta’s wind power drops to near zero output
The utter unreliability of wind power generation in Alberta showed itself for the fourth time in 16 days on May 26. On Friday morning, at 9:55 a.m., Alberta yet again saw its wind power generation drop about as close to zero it can get without actually hitting zero....
Cenovus CEO: Without cheap, abundant, affordable energy, life is brutal. Life is short
“I’m really optimistic about this is oil and gas industry really, for two reasons. One is, I think Premier Moe mentioned this, is that without cheap, abundant, affordable energy, life is brutal. Life is short. You know, there’s one thing that First World nations all have in common: they have cheap, reliable, abundant energy. And today, hydrocarbons make up just over 80 per cent of that energy mix.” – Cenovus’s new CEO Jon McKenzie.
Georgia nuclear rebirth arrives 7 years late, $17B over cost
WAYNESBORO, Ga. (AP) — Two nuclear reactors in Georgia were supposed to herald a nuclear power revival in the United States. But the project is seven years late and $17 billion over budget as Georgia Power Co. announced the first new reactor at its Plant Vogtle could...
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