Globe and Mail: Athabasca deal gives China an oil sand project of its own –

Seven years after China made its first minority investment, PetroChina International Investment Co. is close to owning all of the undeveloped MacKay River project by acquiring the remaining 40 per cent from its joint venture partner, Athabasca Oil Sands Corp. (ATH-T12.13-0.07-0.57%) Athabasca forced the $680-million deal by exercising a clause in the original partnership agreement.

 

Petroleum News: Alan Bailey and Kay Cashman – Pumping up TAPS: TAPS headed for trouble –

“The study findings make it clear that the technical challenges compound and increase as throughput declines,” Alyeska President Tom Barrett said in announcing the results of the study. “The simplest, most direct and cost effective path to dealing with these challenges is to stop the decline by adding more oil.”

 

Vancouver Sun: Rebecca Penty, Postmedia News – Liquefied gas exports could fuel demise of TransCanada’s Alaska – Alberta pipe dream –

The CEOs of BP PLC and ConocoPhillips Co., both signalled LNG is the "best" option Thursday at a business conference in Anchorage, following a two-hour meeting on gas development alongside ExxonMobil Corp., CEO Rex Tillerson with Alaska Gov. Sean Parnell, who requested the talk.