+ Anterra Energy Inc. closed $12.2 million in Nipisi properties acquisition
+ Argent Energy Trust announced its 2014 CapEx Budget is US$ 45 million
+ Athabasca Oil Corporation announced its 2014 CapEx Budget is $460 million
+ BP Plc finished commissioning its $4 billion upgrade (102,000 barrel/day coking unit) to its refinery at Whiting, Indiana to increase its capacity from 85,000 barrels/day to process 350,000 barrels/day of Canadian crude
+ BP Plc announced it will take $1.08 billion write-down on a failed offshore exploration well in Brazil
+ Cathedral Energy Services Ltd. announced its 2014 CapEx Budget is $24 million
+ Chinook Energy Inc. announced its 2014 CapEx Budget is $85 million
+ Crew Energy Inc. announced its 2014 CapEx Budget is $246 million
+ DeeThree Exploration Ltd. announced its 2014 CapEx Budget is $230 million
+ Encana Corporation hired SBM Offshore to operate its Deep Panuke project, now operating at full capacity
+ Government of Alberta extended deadline for applications under Alberta Flood Recovery Programs to June 30, 2014
+ Harvest Operations Corp. announced its 2014 CapEx Budget is $620 million
+ Imperial Oil Limited filed applications seeking approval for its $7 billion Aspen oilsands project planned for 45 km. northeast of Fort McMurray; project will be SAGD
+ Imperial Oil Limited now estimates its cost to develop the Mackenzie Valley Project to be $20 billion
+ International Energy Agency reported 2nd qtr. global oil demand grew; first time in 8 qtrs.
+ JIP (Joint Industry Partnership) formed by Enbridge Inc. and TransCanada Corporation to collaborate on pipeline leak detection research; funded by the companies and Alberta Ministry of Innovation and Advanced Education
+ Joint Review Panel of the National Energy Board approved Enbridge’s 1,177 km. Northern Gateway Pipeline project, subject to 209 conditions!
+ Kinder Morgan’s Trans Mountain Pipeline ULC filed application with the National Energy Board to expand its capacity from 300,000 barrels/day to 890,000 barrels/day; most of the $5.4 billion project will be built in existing rights of way
+ Kinder Morgan Energy Partners and Imperial Oil announced plans to construct $270 million rail loading terminal adjacent to Imperial’s Strathcona Refinery in Edmonton; to be operational by end of 2014
+ Legacy Oil + Gas Inc. announced its 2014 CapEx Budget is $350 million
+ Lone Pine Resources filed a restructuring plan in court under its CCAA protection
+ National Energy Board approved four LNG Export Licence Applications: Prince Rupert LNG Exports Ltd, Pacific NorthWest LNG Ltd., WCC LNG Ltd., Woodfibre LNG Export Pte. Ltd.
+ Pacific Rubiales Energy Corp. announced its 2014 CapEx Budget is $2.5 billion
+ Pembina Pipeline Corporation announced it will proceed with $2 billion Phase III expansion of its pipeline system (late 2016 – mid-1017 in service) feeding into Edmonton
+ Penn West Petroleum Ltd. closed $486 million disposition of non-core assets
+ Pine Cliff Energy Ltd. announced its 2014 CapEx Budget is $12.5 million
+ Shell Canada and Caterpiller have agreed to text LNG fuelling for mining trucks, initial testing to be in oilsands operations
+ SilverWillow Energy Corporation filed applications seeking approval for its Audet in-situ oil sands project planned for 75 km northeast of Fort McKay; project will be SAGD
+ Statoil ASA Canadian division weighing investment in Newfoundland offshore ventures vs. Alberta oilsands – will make decision by Mar/14 due to parent company pressure to reduce costs
+ U.S. Federal Reserve announced it will reduce its ‘quantitative easing’ program, purchasing $75 billion/monthly in Treasury and mortgage bonds starting in January, down from $85 billion/monthly
