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OIL AND GAS
Jim Prentice dreams 'big' for Alberta as new premier
by Daniel J. Graeber
Ottawa (UPI) Sep 8, 2014


Jim Prentice.

Canadian Prime Minister Stephen Harper welcomed the selection of former Environment Minister Jim Prentice as the next premier of Alberta.

Prentice won a landslide victory to take the seat at the head of the Progressive Conservative Association of Alberta and become premier-designate of Alberta.

"I look forward to working with Mr. Prentice on issues of importance for Albertans and all Canadians, including the economy, responsible resource development and job creation," Harper said in a Saturday statement.

Prentice served previously as the nation's environment minister. In 2012, he said delays from Washington on the cross-border Keystone XL oil pipeline were regrettable, but should encourage the federal government to expand its export options to other markets like Asia.

Canada sends nearly all of its oil to the United States and Prentice said the country would never get a fair value for its resources unless it expands its export options beyond North America.

Prentice said in his victory speech he had "big dreams" for "an Alberta at the forefront of both energy development and environmental awareness."

Harper's administration has reached out to Asian economies. A U.S. decision on Keystone XL is delayed still over legal issues in host state Nebraska.

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Baker, Aker align to improve offshore production
Houston (UPI) Sep 5, 2014
Oil services company Baker Hughes said it was cleared by the federal government to form a partnership on subsea production technology with Aker Solutions. Baker Hughes and Aker in April announced their intention to form an alliance that could lead to enhanced production and recovery from offshore fields. The oil services company said it received the necessary regulatory authority ... read more


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