Acadian Mining announces change in board of directors and management
Written by Newswire
HALIFAX, NS - Acadian Mining Corporation announced, effective February 19, 2010, the resignation of its President and Chief Executive Officer, Mr. Will Felderhof. Felderhof has advised the board of Acadian that he plans to focus on other business and private interests. Mr. Felderhof has agreed to provide consulting services to the Corporation over the next 12 months.
Activist marketing of Canadian oil sands is pure fantasy: association
Written by Andre Voshart
An environmental group last week launched a new video game that takes aim at Canada's oil and gas industry. The game includes a storyline that pits players against political leaders on a hyperbolized industrial backdrop.
"Balancing environmental protection, economic growth and providing ongoing safe and reliable supplies of energy is not a game," said Janet Annesley, vice-president of communications for the Canadian Association of Petroleum Producers (CAPP).
"Using guerilla marketing tactics to distract people from the realities of energy production may be entertaining but it's not informative or constructive to a meaningful conversation about energy issues and solutions." The association goes on to say the Canadian oil sands are some of the vital resources that provide energy to Canada and North America. However, oil sands are only one part of Canada's energy mix.
"Canada has the second largest reserves of crude oil in the world. We are also the third largest natural gas producer and the second largest hydroelectric producer, so calling Canada a 'Tar Nation' is inaccurate," Annesley said.
The association adds that Canada's oil sands, located primarily in Alberta, have the potential to significantly enhance North America's energy security by providing a safe and reliable supply of crude oil and petroleum products, and the oil sands industry is committed to the responsible development of this important resource.
In Northern Alberta, oil sands are developed using two techniques: surface mining or in situ drilling. Surface mining, which is used to develop 20 per cent of the resource, utilizes large electric shovels and trucks. In more than 40 years, oil sands development has disturbed approximately 530 square kilometers of land. This is equivalent to 1/10th of the Toronto metro area or 0.02 per cent of Canada's Boreal Forest. The other 80 per cent of the resource must be developed using advanced in situ drilling technology, similar to conventional oil production.
All lands disturbed by oil sands development must be fully reclaimed under both federal and provincial laws. The land, air, and water surrounding development are closely monitored and companies must abide by one of the strongest government regulatory systems in the world.
"Canadians deserve an opportunity to look at balanced information about energy, our social and environmental performance and to decide for themselves," Annesley said. "We invite Canadians to watch this video-tour of the oil sands for a reasonable and balanced perspective."
Alberta announces three-point incentive program for energy sector
Written by REM
Edmonton - Earlier this year, the Government of Alberta announced a three-point incentive program designed to help keep Albertans working in the province’s energy sector during the current global economic slowdown.
Altius updates oil shale exploration and evaluation in New Brunswick
Written by Newswire
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR - Last week, Altius reported progress from its ongoing oil shale exploration and evaluation activities at its wholly owned 9,702 hectare oil shale licence located in southeast New Brunswick.
Amarc makes gold discovery in South-Central British Columbia
Written by REM
VANCOUVER, BC - Amarc Resources Ltd. recently announced a new gold discovery at its Newton Project located within the Chilcotin region of south-central British Columbia. Assay results from the first seven holes of an initial 14-hole diamond drill program have been received and they host significant concentrations of bulk tonnage-style gold, silver, copper and zinc. These results indicate that the Newton property may host both a previously unrecognized gold district and a new deposit type in BC. The remaining seven holes drilled in the initial program are in for assay and results will be reported when they are received.
BioteQ Environmental Technologies, Inc. (specializing in the treatment of industrial wastewater) signed a definitive agreement to design and build a water treatment plant at the Minto copper mine owned by Minto Explorations Limited, a wholly owned subsidiary of Capstone Mining Corporation. BioteQ will provide process design, engineering and project management services on a fee basis. Minto Explorations will provide the capital and operating cost of the plant, which is expected to be installed at the mine site before spring runoff in 2010.
Callinan Mines begins Snow Lake exploration program
Written by Newswire
VANCOUVER, B.C. - Callinan Mines has begun an extensive exploration program in the Snow Lake area of Manitoba, according to a recent report. As part of the program, the company will conduct geophysics, surface sampling and drilling on its Berry Creek property, and the recently optioned Jean Lake and Watts River properties.
Canoel announces Memorandum of Understanding to purchase oil producing properties in Argentina
Written by Newswire
Calgary, AB - Canoel International Energy Ltd. Announced September 15 that it has entered into a Memorandum of Understanding with a US-based corporation for the purchase of two adjacent oil producing properties in Argentina.
China's oil demand remains strong with 10% on-year jump in October, Platts report shows
Written by Newswire
HONG KONG - China's apparent petroleum demand in October jumped 10.2% from a year ago as the world's second largest oil consumer ramped up crude processing rates, even as Beijing released a bunch of positive economic data for the month.
