Athabasca Completes Dover Stake Sale to PetroChina
Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PertroChina Co Ltd for $1.18 billion. Athabasca said it received $600 million in cash and $584 million in three interest-bearing promissory notes from the unit, Phoenix Energy Holdings Ltd. It was not immediately clear if the figure was in Canadian or U.S. dollars. (Reporting by Ashutosh Pandey in Bangalore; Editing by Kirti Pandey)
Oil Spills into Ohio River from Coal Plant
The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy near Cincinnati, Ohio. The spill occurred late on Monday during a "routine transfer of fuel oil" at the W.C. Beckjord plant in New Richmond, Duke said. It began at 11:15 p.m. and was stopped 15 minutes later. It was not clear if the oil had been contained or if there was any impact on wildlife or drinking water. "We are still assessing the situation and any effects that may occur," a spokeswoman for the company said on Tuesday. Intake for drinking water has been closed on the river, she said.
Severe Winter Boosts TransCanada Profit
TransCanada Corp, Canada's No.2 pipeline company and the backer of the Keystone XL pipeline, reported a 14 percent rise in adjusted quarterly profit as an unusually harsh winter in North America boosted demand for its pipelines. Delivery volumes rose 24 percent in the company's Canadian Mainline gas pipeline system and 14 percent in the NGTL system in Western Canada in the first three months of the year. "An unseasonably cold winter resulted in strong demand for our critical pipeline and power infrastructure assets," Chief Executive Officer Russ Girling said in a statement. Girling said the recently completed Keystone Gulf Coast crude pipeline betweenCushing, Oklahoma, and the U.S.
