Oilsands Region Gets $396M From Alta Government, but Avoids Call for Slowdown
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By JAMES STEVENSON  CALGARY (CP) - Alberta's overheated oilsands region will get a $396-million infusion to help pay for desperately needed new medical clinics, affordable housing and upgraded water treatment facilities over the next three years.
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By BOB WEBER  EDMONTON (CP) - Alberta's oilsands are in for increased worldwide scrutiny as international environmental groups set up shop in Edmonton to monitor the expansion and impact of the greenhouse gas-emitting mega-projects.
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The U.S. Interior Department on Friday gave final approval to a plan by ConocoPhillips and partner Anadarko Petroleum Corp. to develop five tracts around the oil-rich Alpine field on Alaska's North Slope.
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By PHIL DAVIS  ESTERO, Fla. - An unexpected $10 million congressional earmark might seem like money from heaven for a fast-growing county needing billions for transportation improvements. Not when it comes to Coconut Road.
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EDMONTON -- The idea of a railway linking the Athabasca oilsands to the rest of Alberta &quot;has substantial merit&quot; and the project would likely cost $2.
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Oil prices settled just below $57 a barrel yesterday -- a gain of almost $3 -- and natural gas soared more than 11 percent on expectations of more Arctic weather in the United States.
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Last Wednesday, at the stroke of noon, one of the most lucrative prizes in Russia&#39;s oil industry went under the hammer. Russia&#39;s Federal Property Fund, which controls sales of state assets, auctioned a 7.6
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OPEC will keep its oil output near a 25-year high despite a $13 fall in the crude price since mid-July, ministers said on Monday, but the group left the door open to a supply cut before the end of the year.
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By H.JOSEF HEBERT  WASHINGTON - The Interior Department is willing to temporarily abandon the sale of oil leases in an environmentally sensitive area surrounding Lake Teshekpuk on Alaska's North Slope.
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By JAMES STEVENSON  CALGARY (CP) - If the federal government wants to criticize Alberta over its emissions levels from the oilpatch, it needs to pony up with more than per-capita investment dollars to find a solution, Premier Ed Stelmach said Tuesday.
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Abu Dhabi National Energy, a state-controlled United Arab Emirates investor in oil and power assets, agreed to buy the Canadian unit of Pioneer Natural Resources for $540 million. Production at the Canadian unit of Pioneer, based in Irving, Tex., is more than 10,000 barrels of oil equivalent a day and will help Abu Dhabi National come closer to its goal of producing 100,000 barrels a day.
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Anglo-Australian mining group Rio Tinto says it has made a recommended $38.1bn offer for Canadian firm Alcan.
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WASHINGTON, Oct. 30 (Bloomberg News) â Companies that lease tracts in the Gulf of Mexico in an oil and natural gas sale planned for March will pay higher federal royalties, the Minerals Management Service said Tuesday.
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Anglo-Australian mining group Rio Tinto says its $38.1bn bid to buy Canada's Alcan has been successful .
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An agreement has been reached to lend 1.7 million barrels of oil from the government&#39;s Strategic Petroleum Reserve to two companies whose refineries were running short of crude
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Halliburton's latest deal showcases the money to be made in oilfield services.
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CALGARY - The sale price of the federal government&#39;s final 19 per cent stake in Petro-Canada has been set at $64.50 per share, about $3 higher than indicated in a preliminary prospectus last week.