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June 22, 2009 - June 26, 2009
A better year for positive revisions, an increase in discoveries and extensions as drilling increased in the early part of 2008 and big gains in improved recovery resulted in only a minor change in Canadian gas reserves last year, despite fewer wells drilled.
Exploration in the East Georges Bank Basin offshore isn't for the faint of heart.
Alberta Energy Minister Mel Knight has announced that the province will extend two drilling incentive programs by one year, while pledging to unveil the results of the government's overall oil and gas industry competitiveness review by this fall.
The western Foothills region around Edson drew the high per-hectare and bonus payouts for conventional leases and licences in another low-bonus-producing auction as Alberta collected just over $6.2 million in the June 24 land sale.
Manitoba has eclipsed Alberta and Saskatchewan as the most attractive place in Canada for oil and gas investment, according to the Fraser Institute.
Continuing to be hit hard by the prolonged downturn in North American drilling activity as well as stingy debt and equity markets -- with the short-term outlook still bleak -- the service sector may be ripe for increased consolidation and acquisition activity in the coming months.
ENMAX Energy Corporation has proposed constructing and operating a 165-megawatt, natural gas-fired generating facility in southeast Calgary.
It's never been more apparent how important Alberta is to the Canadian Chemical Producers' Association (CCPA) than these current hard economic times that have virtually destroyed the industry sector in Quebec and slowed investment in Ontario.
The Alberta Electric System Operator (AESO) has issued a request for proposals (RFP) for a centralized wind power forecasting service in the province in an effort to integrate more of the energy supply into the provincial grid.
Innergex Renewable Energy Inc. discloses it has signed a 40-year electricity purchase agreement (EPA) with BC Hydro and Power Authority under the Standing Offer Program (SOP) for supply from the Fitzsimmons Creek Hydroelectric Project in British Columbia.
The Ontario Energy Board has approved lower Quarterly Rate Adjustment Mechanism (QRAM) changes for Enbridge Gas Distribution Inc. (EGDI) and Natural Resource Gas Ltd. (NRGL), effective July 1.
Covanta Energy Corporation and Green Island Energy, Ltd. report they have received results from an economic impact study that shows 350 construction and 575 indirect jobs would be created by building and operating a proposed energy-from-waste (EFW) facility in Gold River, British Columbia.
Thanks to $300,000 of initial funding support from the Quebec government and start-up help from Montreal International, the Global Campaign for Climate Action (GCCA) has launched an International Secretariat in Montreal.
Toronto-based Brookfield Renewable Power Inc. says its 10-year contracts with the Long Island Power Authority (LIPA) and the New York Power Authority (NYPA) have received approval from the state comptroller and attorney general.
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