Bryan seeks oil patch comeback

Article Abstract:

Gulf Canada Resources Ltd.'s former chief executive officer (CEO), J.P. Bryan, has expressed optimism that he will eventually return to the Canadian petroleum industry. Bryan, who has been severed from his previous employment since February 1998, maintains that he is currently in negotiation with the Canadian 88 Energy Corp. The former Gulf Canada CEO is reportedly being considered to become a member of Canadian 88's board of directors and also perform some consultancy. Canadian 88 and Bryan, however, have refused to disclose details regarding the negotiations.

Comment:

Its former chief executive officer, JP Bryan, has expressed optimism that he will eventually return to Canadian oil scene

Executive changes & profiles, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Gulf Canada Resources Ltd.

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Kansans coming to oil sands

Article Abstract:

Koch Canada Ltd., the Calgary, Alberta-based subsidiary of Koch Industries Inc. of Wichita, KS, owned by two of the wealthy Koch brothers, is considering to construct a $1-billion heavy oil extraction facility in northern Alberta's oilsands. As part of the strategy, Koch Canada is expected to complete the acquisition of a piece of land in the oilsands, which are estimated to hold 1.4 billion barrels of oil reserves. A new unit called Koch Oil Sands LP was also formed by Koch Canada to oversee the oil sands project.

Comment:

Considers construction of a $1-billion heavy oil extraction facility in northern Alberta's oilsands

Facilities & equipment, Oil sands, Koch Canada Ltd.

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Shell snags 2 partners for Alberta oil venture

Article Abstract:

Shell Canada Ltd signed in Chevron Canada Resources Ltd and Western Oil Sands Inc as partners for its proposed $3.8-billion oil sands venture in northern Alberta. Shell will have a controlling 60% stake in the Muskeg River project in the Athabasca region, with Chevron and Western Oil taking 20% interest each. The project was sidetracked after Australia-based Broken Hill Proprietary Company Ltd dropped it 25% option in Mar 1999.

Joint ventures, Shell Canada Ltd., Chevron Canada Resources Ltd.

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