From all appearances, Russia is poised to leave Canada out in the cold in the race for Arctic resource supremacy
Russia could beat Canada and the United States in the race for dominance over the Arctic's vast hydrocarbon potential if a special United Nations (UN) commission recognizes-perhaps as early as 2012-Russia's right to the extensive Lomonosov Ridge under the Arctic Ocean. Such recognition could give Russia control of up to 60 per cent of any hydrocarbons found in the High Arctic.
Northern Inuit are setting the stage for future Arctic offshore developments
With their eyes and minds wide open, Inuit leaders representing 160,000 Inuit in Canada, Greenland, Alaska and Russia are developing a common position for future oil and gas exploration and development in Arctic waters.
With Danny Williams now off the provincial political radar, does he have aspirations at the federal level?
Should Danny Williams decide to re-enter politics, that volition would best be served by investing in a flak jacket.
"I'd kill him if he starts going into politics again," his octogenarian mother, Teresita Williams, said shortly after her son concussed Newfoundland and Labrador's collective psyche by announcing last December that he was leaving politics. "I'd shoot him first. He's served his term and did it well and he was a credit to his country, but not federal politics. Dear God! He needs a rest."
After 15 years abroad, rising through the ranks of the oil and gas industry, Deborah Close returns to Calgary to perhaps her most demanding role yet
In the dog days of summer, in a slower, calmer Alberta in the mid-1960s, Deborah Close's father, a travelling salesman for the Robin Hood flour company, would pack up his station wagon, round up the family and head off on vacation. For his wife, two daughters and son, it was rest and relaxation, but he would also visit clients all along the way through his territory of southern Alberta and part of British Columbia.
Deep down, Precision Drilling actually wanted to be a corporation and ruffle some feathers
Federal Finance Minister Jim Flaherty's income trust announcement at the end of 2006 meant the days of trusts quietly generating a profit in Canada and funnelling those earnings back to investors were coming to an end.
With oil leaking in the Gulf of Mexico, Canada is well-positioned to deal with the heightened risks—and reap the bountiful rewards—of frontier exploration
As the United States administration and BP plc struggle to deal with what could turn out to be the largest-ever offshore oil spill, the Canadian oil and gas industry can look back in admiration at a frontier drilling history that has been relatively free of stains.
At the end of the rainbow for Canadian companies operating overseas is good geology, good fiscal terms and stable government policies
Dana Coffield, like his associates at Gran Tierra Energy, worked all over the world prior to heading up the company that would make it big in Colombia. Some of the positions he has held in the past include vice-president of EnCana's Middle East business; various senior management roles, including petroleum exploration operations in five countries with EnCana's predecessor company, Alberta Energy Company; and at ARCO International, where he spent a decade exploring for and producing oil in North Africa, in Southeast Asia, and in Alaska.