CALGARY - Alberta's energy regulator has suspended issuing licences for all new sour gas projects after a court ruled families have the legal right to object to some proposed wells near Drayton Valley.

The government agency that regulates Alberta's oil and gas industry Tuesday temporarily suspended issuing licences for sour gas projects.

CALGARY, Alberta (Reuters) - Oil sands developer Opti Canada Inc said on Tuesday it may seek a buyer as part of a review of strategic alternatives with the pace of takeovers in the country's energy sector picking up.

NEW YORK (AFP) - Gold surged to a new record high Tuesday, a day after an announcement of a massive sale of gold by the International Monetary Fund to India.

CALGARY - Talisman Energy Inc. (TSX:TLM) is spending $570 million to bulk up its land holdings in two of the continent's most promising shale gas plays, a move that further sharpens the Calgary-based company's focus on unconventional natural gas.