Tag: Alberta Oilsands
Cenovus shareholder looks to regulator to stop ConocoPhillips assets buy
Investor says Cenovus Conoco buy dilutes value of shares Cenovus shareholder Coerente Capital Management has filed a complaint with the Ontario Securities Commission, hoping to stop the Canadian oilsands company from purchasing some ConocoPhillips assets. In a Reuters report, Len Racioppo, Coerente’s managing director said the new stock issued to help pay for the deal has significantly […]
BP oilsands assets, Sunrise, Pike Terre de Grace stakes may be sold – sources
BP oilsands sale may lead to Permian Basin buys Reuters sources say BP Plc may sell its stakes in three Alberta oilsands projects. The possible BP oilsands sales would allow the multi-national oil giant to focus on its core business in Egypt, Azerbaijan, the Gulf of Mexico, the North Sea and Trinidad in the coming […]
One worker injured in Syncrude fire at Mildred Lake Upgrader
Employees evacuated following Syncrude fire The worker injured at the Syncrude fire at the company’s upgrader plant located north of Fort McMurray is reported to be hospitalized in serious, but stable condition. The fire occurred on Tuesday afternoon at about 2 p.m. after an explosion rocked the Mildred Lake Upgrader. Officials say emergency crews were able […]
Enbridge pipelines decision to be announced next week
Enbridge pipelines would ease oil sands bottlenecks By David Ljunggren OTTAWA, Nov 24 (Reuters) – The Canadian government will announce its decision on two major Enbridge Inc pipeline projects on Tuesday, two sources familiar with the matter said on Thursday. Energy industry officials and environmental groups expect Ottawa to veto the proposed Northern Gateway line […]
New oil upgrading technology eliminates need for diluent in bitumen
“This is arguably the first major technological advancement in the industry in over 30 years. We are now working to a goal of being able to deliver pipeline ready bitumen with less than 1% sulfur.” SCHENECTADY, NY – Auterra Inc., a catalyst and process development company, announced today that it has accomplished a long-standing oil sands industry […]
Tulsa-based Williams lowers GHG emissions of Canadian oil sands
Williams only company extracting/fractionating NGL/olefin mixes from oil sands upgrader offgas Tulsa, Oklahoma based Williams has started up its second offgas liquids extraction plant in the Canadian oil sands industry and is being lauded by the Alberta government for reducing GHG emissions in the heavy oil sector. Serving an upgrader facility north of Fort McMurray, […]
CNRL barrels ahead with Horizon oilsands expansion
CNRL commits $2B of 2016 capital budget to Horizon project CALGARY _ Canadian Natural Resources Ltd. (TSX:CNQ) says it’s committing $2 billion of this year’s capital budget to advancing its Horizon project and then expects the oilsand operation’s funding requirements to drop in 2017 and thereafter. The Calgary-based company views Horizon as a key part […]
Canada’s oil sands workforce impacted by shift from expansion to maintenance
At peak construction, oil sands still require 38,000 construction workers to maintain operations, could hire 9,500 operations positions A shift in Canada’s oil sands sector from growth and expansion to improving the reliability and performance of existing operations will have long-term impacts on the sector’s workforce requirements. By 2020, the sector will experience a decrease in […]
Growth in Canadian oil production could come to ‘complete standstill,’ says report
Canadian oil production hampered by heightened environmental concerns, lack of pipelines CALGARY _Growth in Canadian oil production is likely to slow down or grind to a halt five years from now once projects now under construction are built, the International Energy Agency warns in a report released Monday. The Paris-based organization said it projects Canada […]
Could hydroelectric power save the oilsands?
It makes economic sense to power oilsands with natural gas, but the political climate has changed By Trevor McLeod for Troy Media CALGARY, Alta. – B.C. Premier Christy Clark recently suggested her province could help Alberta reduce its greenhouse gas emissions by delivering hydro-generated electricity to Alberta. Many Albertans may be surprised that British Columbia’s premier wants […]
Connect
Connect with us on the following social media platforms.