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Canada oil-sands giant Suncor posts loss

2015-10-29 08:56:39| Oil & Gas - Topix.net

Suncor Energy Inc., Canada's largest crude-oil producer, reported a third-quarter net loss on a foreign exchange-related charge and slumping crude oil prices, setting a grim tone for the Canadian energy industry's earnings. The Calgary company posted a net loss of 376 million Canadian dollars , or 26 Canadian cents a share, in the three months ended Sept.

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Shell scrapping Carmon Creek oilsands project, cites pipeline uncertainty

2015-10-28 22:56:59| Energy - Topix.net

Royal Dutch Shell is scrapping its Carmon Creek oilsands project in northwestern Alberta, citing a lack of pipelines to coastal waters as one reason for the decision. The move comes after a review of the project's design and costs and where it stacks up against other projects Shell has in its portfolio.

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Shell scrapping Carmon Creek oilsands project, cites pipeline uncertainty

2015-10-28 13:11:14| Oil & Gas - Topix.net

Royal Dutch Shell is scrapping its Carmon Creek oilsands project in northwestern Alberta, citing a lack of pipelines to coastal waters as one reason for the decision. The move comes after a review of the project's design and costs and where it stacks up against other projects Shell has in its portfolio.

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Native leaders divided on oil-sands pipelines

2015-10-01 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: Two groups of First Nations have issued duelling statements on where aboriginal people stand on oil-sands pipelines, highlighting opposing native viewpoints toward the energy industry. Aboriginal leaders from Quebec, Ontario and Manitoba said on Wednesday that they are keen to form a national alliance to oppose pipelines from northern Albertas oil sands. The visiting delegation met in Vancouver with the Union of B.C. Indian Chiefs to press the case for fighting proposals, such as TransCanada Corp.s...

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Oilsands needs more innovation says GE exec

2015-09-11 22:58:01| Oil & Gas - Topix.net

Costs and environmental pressures are making innovations in the oilsands more necessary than ever, says the CEO of GE Oil & Gas. Lorenzo Simonelli, who leads the hydrocarbons division of the industrial giant, says the oil-and-gas industry should be moving faster on both fronts.

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