Canada: Oil well production
Blackdog Resources Ltd and its private-company partner have begun production at its first horizontal light-oil well in SE Saskatchewan, Canada, producing 100bpd.
India: exploration program
Niko Resources Ltd has entered into a deal with the Gujarat based John Energy for a multi-well exploration program in its Cauvery onshore block CY-ONN-2003/1.
Peru: natural gas pipeline
Conduit Capital Partners LLC, a private equity investment firm based in New York City, has announced that its subsidiary, Kuntur Transportadora de Gas, S.A.C., has been awarded a 30 year concession contract by the Government of Peru to build a 700mi pipeline that will carry natural gas from the Camisea gas fields to the port of Ilo in southern Peru.
Canadian Royalties still seeks funds
Canadian Royalties is in ongoing talks to secure project financing for its Nunavik nickel mine in Quebec, but is going ahead with its plan to scale back activity at the site until the funding has been arranged.
EnCana creates Cenovus
Cenovus Energy Inc. has been selected as the new name for the integrated oil company that EnCana Corp. is creating as part of its split into two independent energy companies focused on unconventional resources – an integrated oil company and a pure-play natural gas company.