• The Nova Scotia government has renewed its exploration agreement with Forent Energy Ltd. for the Alton Block, which located on-shore Nova Scotia to February of 2012. Forent is the largest onshore oil and gas licence holder in Nova Scotia. The Alton block is a 740,000 acre petroleum and natural gas holding which contains two key areas of interest. The first area is a 128,000 acre exploration fairway located in the centre of the concession where hydrocarbon bearing reefs are expected to be deposited. The second area of interest is the northern part of the block which contains approximately 150,000-acre shale gas depocentre which is a continuation of shale gas discovered on offsetting lands.
  • The newly constructed Canaport LNG terminal in New Brunswick is scheduled to receive Canada's first-ever cargo of liquefied natural gas sometime in mid- to-late June. Repsol YPF will ship the cargo from Trinidad and Tobago. The terminal has a capacity to import 1.2 bcf per day of LNG.