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Oil stocks boost TSX as crude prices revive, consumer data helps take NY up
The Toronto stock was comfortably on positive ground late Friday morning, led by gains in the energy sector amid hopes that oil has hit bottom after prices tumbled over 17 per cent this month.
Positive consumer data helped turn New York indexes higher, helping to compensate for reports and forecasts from blue-chip names like IBM Corp. […]
Talisman Energy Plans to Redevelop Yme Field in Norway
Talisman Energy Norge AS, a wholly owned subsidiary of Talisman Energy Inc. , has announced plans to redevelop the Yme field on the Norwegian Continental Shelf.
“We expect that Norway will be a significant contributor to Talisman’s production growth over the next five years and beyond,” said Dr. Jim Buckee, President and Chief Executive Officer. “The […]
Petro-Canada’s Production Expected to Increase in 2007; Capital Program Focused on Long-Life Assets
Highlights
Upstream production growing approximately 15% over 2006 levels
$4.1 billion capital program planned, up 15% over 2006
Capital expenditures focused on projects that provide long-term sustainable cash flow
Petro-Canada’s Board of Directors approved a capital and exploration expenditure program totalling $4.1 billion for 2007, an increase of 15% compared with the program in 2006.
The 2007 capital program includes […]
Petro-Canada Increases Quarterly Dividend By 30%
Petro-Canada today declared a quarterly dividend of $0.13 per share on the Company’s outstanding common shares - a 30% increase compared with the $0.10 per share dividend declared in October 2006. The increased dividend will be payable on April 1, 2007 to shareholders of record at the close of business on March 3, 2007.
“We […]
Oil Bloc Acquisition: Between Discretionary Allocation and Open Bidding
With the next bid round expected soon, Niyi Ayoola-Daniels Esq examines the law and practice of oil bloc acquisition in Nigeria and argues that Nigeria should place national interest above sweet-coated globalisation principles
This write up examines the law and practice of Oil Bloc Acquisition in Nigeria. An attempt would be made to put […]
In Pharaohs’ footsteps, Egypt eyes new gold-mining era
After a 2,000-year lapse, Egypt is looking to acquire a gold-mining industry again by revisiting ancient deposits of the precious mineral that symbolized the glory of the Pharaohs.
Josef al-Raghy surveys Sukari Hill, a large reddish outcrop in Egypt’s Eastern desert dotted with his Centamin company’s drilling rigs.
“We already have proven resources of 6.7 million ounces […]
Englewood company wants American listing
International Royalty Corp. of Englewood on Monday said it filed a registration statement with the SEC to register its shares to qualify for a listing in the United States.
The company went public last year in Canada and began trading on the Toronto Stock Exchange as “IRC.”
International Royalty, which was created to buy natural resources royalties, […]
Shell Issues Formal Proposal to Expand the Athabasca Oil Sands Project
Royal Dutch Shell plc (NYSE: RDS.A, NYSE: RDS.B) today welcomed the below announcement by Shell Canada:
Shell issues formal proposal to expand the Athabasca Oil Sands Project
Shell Canada Limited announced that it has issued a formal proposal to proceed with Expansion 1 to the other Athabasca Oil Sands Project (AOSP) joint venture owners. They have 90 […]
More power shifts to countries with oil reserves
There is more to today’s oil crunch than temporary jolts to supply and demand. What is also roiling the energy world is an enduring shift in the balance of power between the fuel-guzzling West and oil-rich developing countries.
Since World War II, the industrialized world has relied on stable and affordable supplies of crude to fuel […]
