Oil Sands
News
May 27, 2015
Wildfires in northern Alberta kept about 10% of Canada’s oil sands production offline for a third day as Bank of America Corp. warned the blazes may slow the economy.
News
May 26, 2015
Canadian Natural Resources Ltd. reduced production from its Kirby South oil-sands operation in Alberta, raising the amount of production brought offline because of a nearby forest fire to the 233,000 bpd facility.
News
May 25, 2015
Alberta forest fires have prompted the shutdown of about 9% of Canada’s oil sands production.
News
May 21, 2015
Canada’s oil sands industry faces an equal risk from its reputation as an environmental laggard, as from high operating costs, industry observers said.
The failure to win approval for pipelines like TransCanada Corp.’s Keystone XL and Enbridge Inc.’s Northern Gateway is tied to concerns about carbon emissions with oil production, Ed Whittingham, executive director of the Pembina Institute, said at the Bloomberg Economic Series Canada summit in Toronto. “The oil sands feeds into concern about the climate,” he said. “The primary driving concern is climate.”
News
May 15, 2015
An indication that crude’s recent rally has further to run can be found in the northern forests of Alberta, where companies are paying the most in eight years to lease land for oil sands development.
News
May 11, 2015
Exxon Mobil Corp. announced Monday that bitumen production began on schedule at the $2-billion Cold Lake Nabiye project expansion in northeastern Alberta, Canada.
News
May 01, 2015
The huge gas resource base in North America offers significant potential for LNG exports, but currently it is the U.S., not Canada, that is building an LNG export industry, according to Wood Mackenzie’s latest analysis.
News
April 23, 2015
Fluor Corporation was awarded an engineering, procurement, fabrication and construction (EPFC) contract by Suncor Energy Oil Sands Limited Partnership for a tank farm development project in the Athabasca oil sands region in Alberta, Canada.
News
April 03, 2015
CB&I has been awarded a contract valued at approximately $50 million for the engineering, procurement, fabrication and construction of seven storage tanks near Fort McMurray, Canada.
News
March 24, 2015
HOUSTON -- Halliburton’s Completion Tools business line has introduced the EquiFlow OptiSteam flow control device (FCD) for steam-assisted gravity drainage (SAGD) injectors.
News
March 06, 2015
Enbridge has revealed plans to optimize a previously announced expansion of its Regional Oil Sands System.
News
February 25, 2015
The operational cost of extracting bitumen from Canada's oil sands tops out at $37/bbl for in-situ projects and $40/bbl for mining projects according to Wood Mackenzie's latest analysis.
News
February 23, 2015
CALGARY (Bloomberg) -- Royal Dutch Shell Plc has withdrawn an application to develop an oil-sands bitumen mine in northern Alberta to focus on existing projects.
News
February 20, 2015
The deluge of Canadian oil that’s adding to a global glut and driving prices lower is showing few signs of slowing.
News
February 12, 2015
Cenovus Energy will cut staff by 15%, freeze wages this year and reduce spending on travel, conferences and information technology after the global slump in oil prices.
News
February 11, 2015
TransCanada has sent a letter to the U.S. Department of State that highlights the company's official response to the Feb. 2 comment letter from the U.S. Environmental Protection Agency (EPA) on the Department of State's Final Supplemental Environmental Impact Statement (FSEIS) for Keystone XL.
News
February 04, 2015
The U.S. Environmental Protection Agency said developing Canadian oil sands would significantly increase greenhouse gases, a conclusion environmental groups said gives President Barack Obama reason to reject the proposed Keystone XL pipeline.
News
January 29, 2015
Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Energy and Natural Resources Committee, today voted to approve legislation authorizing the cross-border permit for constriction of the Keystone XL pipeline.
News
January 28, 2015
Cenovus Energy is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet.
News
January 26, 2015
WorleyParsonsCord has been selected to provide fabrication, modularization and construction services in an agreement with a major exploration and production company in Canada to construct a significant oil sands mining project.
News
January 21, 2015
OPEC isn’t the only victim of the growth in U.S. shale oil.
