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Source: Calgary Hearald

NEW YORK, N.Y. - Oil rose more than five per cent this week, even with a decline on Friday, as traders concluded last week's dive to a low for the year was overdone.

The price of oil slipped Friday after a report showing that growth picked up in the U.S. economy last quarter, but not as much as expected. Benchmark West Texas Intermediate crude for June delivery fell 64 cents to US$93 a barrel on the New York Mercantile Exchange.

Still, oil rose $4.99 a barrel over the week, with the 5.6 per cent increase the largest weekly gain of the year.



Read more: http://www.calgaryherald.com/business/falls+below+ahead+firstquarter+figures/8299312/story.html#ixzz2RbZUJIjV

Alberta government putting $50K to feasibility study

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SOURCE: Calgary Herald

Building a diamond mine, expanding an oilsands mine, offshore exploration or an interprovincial bridge could soon require a federal environmental review under proposed additions and subtractions to the Harper government's new environmental rules.

But provincially regulated pipelines, facilities used to process the heavy oil from the oilsands, pulp and paper mills as well as chemical explosive plants are among those being deleted from a list of projects requiring federal environmental investigations prior to approval.



Read more: http://www.canada.com/Harper+government+amends+list+industrial+projects+requiring+environmental+reviews/8307066/story.html#ixzz2RtLVBnB4

SOURCE: National Journal

Workers tend to a well head during a hydraulic fracturing operation in western Colorado, March 29, 2013. (AP Photo/Brennan Linsley)

 Workers tend to a well head during a hydraulic fracturing operation in western Colorado, March 29, 2013. (AP Photo/Brennan Linsley)


The United States has double the amount of oil and three times the amount of natural gas than previously thought, stored deep under the states of North Dakota, South Dakota, and Montana, according to new data the Obama administration released Tuesday.

In announcing the new data in a conference call, Interior Secretary Sally Jewell also said the administration will release within weeks draft rules to regulate hydraulic fracturing, technology that has come under scrutiny for its environmental impact but that is essential to developing all of this energy.

“These world-class formations contain even more energy-resource potential than previously understood, which is important information as we continue to reduce our nation’s dependence on foreign sources of oil,” Jewell said in a statement.

 

READ MORE: http://www.nationaljournal.com/daily/the-u-s-has-much-much-more-gas-and-oil-than-we-thought-20130430?mrefid=site_search

Kudo's to Paul Hoffman

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Posted in Roughneck Tommy Wilson

Dalton McGuinty testifies that it was his decision to kill gas plants at cost of $585-million

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Environment minister wants end to U.S. price 'discount' so companies can invest in technology
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SOURCE: CALGARY HERALD

VICTORIA - The B.C. government has formally rejected the proposed Enbridge Northern Gateway pipeline, saying the company has not properly addressed the province’s environmental concerns.

To read more visit:
http://www.calgaryherald.com/formally+rejects+proposed+Northern+Gateway+pipeline/8462057/story.html

GAS & OIL EXPO is a leading biennial event for the North American gas and oil industry. To be held at Calgary's Stampede Park, June 11 to 13, it will offer opportunities for brand exposure, business development, education and networking.

Come visit us, Northern Star Communications, at Booth #1803 in the BMO Centre. See you there!

http://gasandoilexpo.com

Unrest in Egypt, fall in U.S. supply boost prices
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