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Tag: oilsands
Oil-sands companies expanding production despite oversupply
2015-09-06 23:20:46| Oil & Gas - Topix.net
Oil-sands companies are poised to crank up billions' worth of new production just when the market doesn't need it, deepening a supply glut even as profit margins in the high-cost sector shrivel. Major producers, such as Suncor Energy Inc., ConocoPhillips Co., Husky Energy Inc. and others, are pressing ahead with expansions that could add roughly 800,000 barrels per day of fresh capacity in northern Alberta by 2018, according to new data compiled by ARC Financial Corp. Oil prices fell to near four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global oil supply glut that has halved prices over the past year.
Tags: companies
production
expanding
oversupply
The Oil-Sands Glut Is About to Get a Lot Bigger
2015-09-04 15:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate News: The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude. Yet thats exactly where half a dozen oil sands operators from Suncor Energy Inc. to Brion Energy Corp. find themselves with prices for Canadian oil now hovering around $30 a barrel. While all around them projects have been postponed or canceled, their investments were judged too far along when the oil game suddenly...
Environmental groups to premiers: no oilsands in Canadian energy strategy
2015-07-16 20:36:31| Energy - Topix.net
Alberta Premier Rachel Notley, right, talks as Northwest Territories Premier Bob McLeod looks on at the summer meeting of Canada's premiers in St. John's on Thursday, July 16, 2015. THE CANADIAN PRESS/Andrew Vaughan ST.
Tags: groups
energy
strategy
environmental
Environmental groups to premiers: no oilsands in Canadian energy strategy
2015-07-16 20:01:58| Oil & Gas - Topix.net
Alberta Premier Rachel Notley, right, talks as Northwest Territories Premier Bob McLeod looks on at the summer meeting of Canada's premiers in St. John's on Thursday, July 16, 2015. THE CANADIAN PRESS/Andrew Vaughan ST.
Tags: groups
energy
strategy
environmental
Cenovus oilsands operations back to normal following forest fires
2015-06-11 20:29:27| Energy - Topix.net
Cenovus Energy says its Foster Creek oilsands project is back to normal operations nearly three weeks after a nearby forest fire forced an evacuation. Total output at Foster Creek - a 50-50 joint-venture with ConocoPhillips - is now at about 135,000 barrels per day, its rate before it was shut down as a precaution.
Tags: back
normal
operations
forest
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