Hopes rise for end to wildcat strike by miners

Article Abstract:

Nova Scotia-based Cape Breton Development Corp.'s 1,600 workers are set to vote on ending their 11-day wildcat strike. The miners, who are seeking government intervention to save the mining operations from being shut down, are contesting the company's $111 million pension and severance package.

Labor force information, Bituminous Coal and Lignite Mining, Coal, Coal Mining, Labor relations, Coal industry, Nova Scotia, Cape Breton Development Corp.

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PEI's gas hopes rest on a wildcatter

Article Abstract:

Meteor Creek Resources Inc (Toronto, Canada), a junior exploration company with no oil and gas history, is drilling a wildcat well on Prince Edward Island (PEI) through a Can$3 mil investment. Based on seismic readings, gas is believed to be in the sandstone, 3.5 km below the surface. Since 1944, at least 16 wells have been drilled in PEI, and all have been abandoned. If the well provides commercial quantities of gas, Meteor Creek plans to invest Can$60 mil to drill as many as 40 wells.

Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Natural resources, Statistical Data Included, Gas industry, Prince Edward Island, Meteor Creek Resources Inc.

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N.S. offshore energy suffers setback: Companies have allowed exploration licenses from the province to expire

Article Abstract:

The offshore energy sector has suffered a setback as several major energy companies have opted out of plans to spend up to $275-million on exploration. Companies that included Exxon Mobil Canada Ltd., Shell Canada Ltd. and Kerr McGee Offshore Canada Ltd., did not renew their license that expired in July 2004.

Financial management, Government regulation, Finance, Energy industries, Energy industry, Licensing, certification and accreditation, Natural gas exploration, Oil and gas exploration, Company financing

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