martes, 11 de julio de 2017

'Out of control' Canada’s wildfires close to Kinder Morgan’s pipeline

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Oil Sands News Digest
Wednesday 12 July 2017
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Some of the worst fires, raging in BC's interior, have grown overnight.

Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.

The lender has been evaluating its pipeline-related policy for months and said it may make the decision of not financing those kinds of projects permanent before year-end.

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.

News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.

Another international oil company is marking its exit from Canada's energy sector – this time Houston-based Apache Corp.

In options trading, a straddle is literally a sit-on-the-fence strategy.

The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.

The unpredictability of today's oil market is leaving some investors burned by unexpected price gyrations.

The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.

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