Archive for the ‘Oil Sands’ Category
Suncor Energy, Calgary, reported that the Fort Hills oil sands project in northern Alberta is continuing its steady production ramp-up following the safe startup of secondary extraction on Jan. 27.
Cenovus budgets for more cost, payroll cuts
December 14th, 2017 by Latest News
Cenovus Energy Inc. is combining executive jobs and planning a 15% workforce cut in 2018 under a little-changed budget focusing on cost and debt reduction. It plans to invest $1.5-1.7 billion (Can.) in 2018, compared with an expected $1.55-1.65 billion…
Canadian Natural Resources Ltd. (CNRL) estimates 2018 production for the completed Horizon Phase 3 expansion will be 1.09-1.17 million boe/d, representing a 17% increase over 2017 production levels and with a capital program targeted at $4.3 billion.
Canadian Natural Resources Ltd. (CNRL) estimates 2018 production for the completed Horizon Phase 3 expansion will be 1.09-1.17 million boe/d, representing a 17% increase over 2017 production levels and with a capital program targeted at $4.3 billion.
ESAI Energy LLC forecasts leaner and smaller Canadian oil sands projects in the coming years as producers face high costs in a recovering oil-price environment.
PTTEP further delays Alberta oil sands project
October 20th, 2017 by Latest News
Thailand’s PTT Exploration & Production PCL (PTTEP) will delay its final investment decision on the 612-sq-km Mariana Oil Sands Project near Athabasca, Alta., according to a Reuters report. PTTEP also will record a $550-million impairment in its third-quarter earnings.
CNOOC Ltd., owner of Nexen Energy ULC, said the Hangingstone expansion commercial project in Canada has come on stream. Japan Canada Oil Sands Ltd. (JACOS) is the operator with 75% working interest.
Trans Mountain twin faces BC resistance
June 30th, 2017 by Latest News
A pipeline expansion able to relieve a looming production bottleneck in the Alberta oil sands faces new opposition after a change of government in British Columbia.
CAPP: Quebec benefitting from oil sands
June 28th, 2017 by Latest News
Oil sands production in western Canada provides a substantial
economic benefit in the eastern Canadian province of Quebec, according
to a study commissioned by the Canadian Association of Petroleum Producers.
Canadian group eyes oil-sands emissions
June 19th, 2017 by Latest News
Producers in Alberta’s oil sands would face new reporting
requirements and controls that toughened with rising emission rates
under recommendations by a group advising the provincial government.