Resources & Agriculture

Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd. and Petronas have signed transaction agreements whereby PetroleumBrunei, through its affiliates, will acquire a 3% interest in Progress Energy Canada's natural gas assets in northeast British Columbia and in the proposed Pacific Northwest LNG export facility.

Taseko's decision to apply for a judicial review of the environmental assessment for its proposed New Prosperity mine might not be looked upon favourably, according to two Canadian environmental law experts.

Vancouver streaming company Sandstorm Metals & Energy (TSX-V:SND) is reviewing its investment in Colossus Minerals (TSX:CSI), which ceased underground development of its Serra Pelada gold-platinum-palladium mine in Brazil saying it needs to raise approximately US$70 million to resume work.

Early-day bitumen miners at Fort Hills – the site of an oil sands project currently owned in part by Vancouver-based Teck Resources (TSX:TCK) – producing about 250 barrels of oil per day in the 1930s and 1940s, were onto something, says Suncor Energy Inc. (TSX:SU).

Ottawa must do a better job engaging with First Nations communities in British Columbia regarding the litany of energy projects proposed for the province, a new report written for Prime Minister Stephen Harper says.

Canada’s fisheries industry must focus on improving the value of the industry rather than just increasing volumes, to take advantage of increasing demand in both domestic and foreign markets, according to a Conference Board of Canada report released December 5.

Shares in Turquoise Hill (TSE:TRQ), the operator of the massive Oyu Tolgoi copper and gold mine in Mongolia, dropped sharply December 4 as the rights issued under its recent $2.4 billion offering began trading in Toronto.

Vancouver’s mayor wants the city to have a stronger voice when it comes to Kinder Morgan’s plans to twin its existing TransMountain pipeline.

On the final leg of a trade mission to Asia December 2, British Columbia Premier Christy Clark signed two agreements fortifying relationships to increase investments for natural gas development in the province.

Natural gas resources in the Horn River and Cordova Embayment of northeast British Columbia are expected to feed the planned Aurora LNG facility, a National Energy Board filing noted.