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Keith Schaefer: Expect Oil M&A Activity in Q3, Q4 2015

Keith Schaefer spoke to Resource Investing News at VRIC about a variety of topics, including the ongoing glut in the oil market and what he thinks the future holds for major and junior oil companies. He also touched on LNG in British Columbia.

Company News

Apache Announces Completion of Sale of Kitimat LNG

Apache Corporation (NYSE:APA) announced the completion of the sale of its fifty percent interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited (ASX: WPL).

Woodside Petroleum Acquires Apache’s Interests in Australian Assets

Woodside Petroleum Ltd. (ASX:WPL) announced it has acquired Apache Corporation's (NYSE:APA) Wheatstone LNG and Balnaves oil interests in Australia and will also acquire its Kitimat LNG project interests in Canada for an aggregate purchase price of US$2.75 billion and an expected closing adjustment of about US$1.0 billion.

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Company Videos

Bayhorse Silver CEO Talks about Light Oil in Saskatchewan

Bayhorse Silver Inc. (TSXV:BHS) President & CEO Graeme O’Neill spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about the Little Swan light oil prospect in Saskatchewan.

Market News

Crews Working to Clean up Toxic Oil Spill in English Bay

CTV News reported that an emergency response team is working to clean up a bunker fuel spill that occurred in English Bay on Wednesday evening. The oil is believed to have been leaking from a bulk carrier ship and has now washed up on the shores of both English Bay beach and Kitsilano.

Infographic: The Energy Markets in Flux: Looking Back on 2014

The latest infographic from Visual Capitalist takes a look at all the changes that happened last year in the energy market, including things like the drop in oil prices, US oil import numbers, thermal coal prices, German power consumption and even wind power generation.

Russia Looks to Africa to Boost Exports

Mineweb reported that Russia is planning oil and platinum projects in Africa to strengthen sales, including of arms, for businesses adversely affected by Western sanctions over the Ukraine conflict.

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