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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Post by Moneyloopon Mar 29, 2022 3:03pm
142 Views
Post# 34556387

U.S. To Discuss LNG And Hydrogen Supplies With German

U.S. To Discuss LNG And Hydrogen Supplies With German

U.S. and German government officials are meeting this week to discuss the supply of liquefied natural gas and hydrogen to Europe's largest economy, which is the most dependent on Russian oil and gas imports.

Reuters reported that a roundtable had been scheduled for the two governments and industry executives. The meeting will be led by the U.S. Commerce Department.

The round table follows a deal sealed by the White House and the European Commission for the delivery of an additional 15 billion cubic meters of American liquefied natural gas this year, with deliveries set to grow further over next year and in the future.

 

Already 70 percent of U.S. LNG exports are going to Europe as the energy-thirsty continent continues to struggle with an energy crunch that just might get even worse as Russia has demanded payment in rubles for the gas it exports to the EU.

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