Oil & Tar Sands Energy News

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Canadian oil-sand mines stuck as crude price plummets

Sunday, 04 January 2009 18:00:35 CST

TimesOnline - Business News  2 days ago

Canada's once booming oil sands industry is cooling fast as the plunging oil price undermines investment. More than US$60 billion ($41 billion) worth of projects to extract oil from the bitumen-rich sands of northern Alberta have been delayed in the past three months, according to a study of industry figures by The Times.  

Phrases   [oil sands]

Oil Sands, Oil Prices & Carbon Emissions

Saturday, 03 January 2009 15:31:33 CST

Geology.COM  3 days ago

Producing crude oil from oil sands is a high cost operation. They also produce significant volumes of emissions associated with climate change. This article explores how oil prices and emission limitations might affect their future.  

Phrases   [crude oil, oil sands]

Tar Sands to Ethanol: Wacky Year for Energy

Thursday, 01 January 2009 16:38:24 CST

Peak Oil  5 days ago

One year ago, when the price of crude oil sat comfortably above $100 a barrel, the energy space was a feeding frenzy as investors tripped over each other looking for companies that were exploring new, sometimes zany sources of fuel... Today, oil is trading for about $40 a barrel, and the world th...  

Keywords   [barrel, energy, ethanol]
Phrases   [crude oil, tar sands]

Excelsior Oilsands Drilling Underway At Hangingstone

Wednesday, 31 December 2008 13:00:00 CST

Daily Oil Bulliten  6 days ago

Drilling operations have begun at its Hangingstone oilsands area, says Excelsior Energy Limited.  

Keywords   [drilling, energy, oilsands]
Companies   [excelsior energy limited, excelsior energy]

Suncor Completes Maintenance Work At Oilsands Facility

Wednesday, 31 December 2008 13:00:00 CST

Daily Oil Bulliten  6 days ago

Suncor Energy Inc. reports that repair work to portions of its oilsands facilities following a minor fire are now complete.  

Keywords   [energy, oilsands]
Companies   [suncor energy inc., suncor, suncor energy, suncor energy inc]

Suncor Completes Repair Work On Oil Sands Facilities In Alberta Following Fire

Tuesday, 30 December 2008 09:02:25 CST

Topix - Oil and Gas Industry News  

Suncor Energy Inc. , Calgary, reports repair work to portions of its oil sands facilities near Fort McMurray, Alberta, following a minor fire are now complete.  

Keywords   [energy]
Phrases   [oil sands]
Companies   [suncor energy inc., suncor, suncor energy, suncor energy inc]

Peak Energy Services Provides Operational Update

Monday, 29 December 2008 13:00:00 CST

Daily Oil Bulliten  

Peak Energy Services Trust said it continues to work with Sunshine Oilsands Ltd. concerning its current service requirements and amicably resolving obligations under the terms of a two-year agreement signed in July 2008.  

Keywords   [energy, oilsands]
Companies   [peak energy services trust, peak energy, peak energy services]

Suncor Energy completes maintenance activities at oil sands facility

Monday, 29 December 2008 09:08:00 CST

SteelOnTheNet  

CALGARY, Dec. 29 /CNW/ - Suncor Energy Inc. reports that repair work to portions of its oil sands facilities following a minor fire are now complete. The fire occurred November 26 during start-up of...  

Keywords   [energy]
Phrases   [oil sands]
Companies   [suncor energy inc., suncor, suncor energy, suncor energy inc]

The waning of the boom

Monday, 29 December 2008 03:43:55 CST

Topix - Oil and Gas Industry News  

They'd get off the plane from Atlantic Canada and score big money in the oil sands.  

Phrases   [oil sands]
Countries   [canada]

Canada mining endangers migratory birds, study says

Sunday, 28 December 2008 00:30:00 CST

Houston Chronicle - World News  

The excavation of the tar sands projected to pump $2.4 trillion into Canada's economy between 2010 and 2030 could reduce the region's migratory-bird population by almost half, environmentalists say.  

Phrases   [tar sands]
Countries   [canada]

Migratory Birds Endangered by Tar Sands Mining, Environmental Groups Report

Thursday, 25 December 2008 23:00:00 CST

Washington Post - National News  

CHICAGO -- About half of America's migratory birds fly from destinations as far-flung as Chile to nest in Canada's boreal forest. In Alberta, that forest lies above tar sands that contain oil reserves second only to Saudi Arabia's.  

Phrases   [oil reserves, tar sands]
Countries   [chile]

Canadian Oil Sands Project Shrinks

Thursday, 25 December 2008 06:40:00 CST

SteelOnTheNet  

The association, which represents most of Canada's big oil producers, said it expects the oil sands to produce 2.4 million barrels per day in 2015, down from the 2.8 million bpd it had forecast in Jun...  

Phrases   [barrels per day, canadian oil sands, oil sands]

Will Canada be Our Salvation?

Tuesday, 23 December 2008 07:18:37 CST

EnergyBulliten  

There have been occasional claims from U.S. media sources that oil from Canada, specifically oil from the Athabasca oil sands region, can be the salvation for US oil woes in the future, assuming drilling everywhere in the US doesn't do the trick. An example of such optimism was exemplified in a 60 Minutes segment about a year ago which gave the impression that the Athabascan region could supply much of the future U.S. oil needs. read more  

Keywords   [drilling]
Phrases   [oil sands]
Countries   [canada, us]

ERCB Codifies Oilsands Inspection Expectations

Thursday, 18 December 2008 13:00:00 CST

Daily Oil Bulliten  

The Energy Resources Conservation Board (ERCB) has issued a new directive which lays out the expectations for both the regulator and producers during inspections of oilsands mining and processing plant operations.  

Keywords   [energy, oilsands]

Nexen buys part of OPTI Long Lake stake

Wednesday, 17 December 2008 12:03:09 CST

Topix - Oil and Gas Industry News  

Nexen Inc. said Wednesday it has struck a $735-million deal to boost its stake in the Long Lake oil sands project to 65 per cent by buying another 15 per cent of the joint venture from cash-strapped partner...  

Phrases   [oil sands]
Companies   [nexen inc., nexen, nexen inc]

OPTI Divests 15% Working Interest in its Oil Sands Joint Venture for $735 Million

Wednesday, 17 December 2008 09:44:00 CST

The Oil Voice - North America  

OPTI Canada Inc. OPTI has entered into a definitive agreement to sell a 15 working interest in all its joint venture assets to Nexen Inc. for 735 million. Following the transaction OPTI will have  

Phrases   [oil sands]
Companies   [nexen inc., nexen, nexen inc, opti canada inc., opti canada, opti canada inc]
Countries   [canada]

Connacher cuts oil sands output as prices slide

Tuesday, 16 December 2008 18:31:22 CST

Peak Oil  

CALGARY (Reuters) - Connacher Oil and Gas Ltd (CLL.TO: Quote, Profile, Research, Stock Buzz) said on Monday it will cut bitumen production at its Alberta oil sands project as prices sink below costs, the first Canadian producer to take such action in the wake of falling oil prices. Connacher said i...  

Phrases   [oil and gas, oil sands]
Companies   [connacher oil and gas limited, connacher oil, connacher oil and gas, connacher oil and gas ltd]

Connacher's oilsands project meets targets but production scaled back

Monday, 15 December 2008 14:24:20 CST

Topix - Oil and Gas Industry News  

By: 9:20 AM CALGARY - Connacher Oil and Gas Ltd. says bitumen production at its Great Divide Pod One oilsands project has passed the two-million-barrel mark, but the company plans to throttle back on production...  

Keywords   [oilsands]
Phrases   [oil and gas]
Companies   [connacher oil and gas limited, connacher oil, connacher oil and gas, connacher oil and gas ltd]

Petroleum companies delay expansion, new projects

Saturday, 13 December 2008 19:41:00 CST

SteelOnTheNet  

Some companies are delaying decisions to move forward with projects in Canada's challenging oil sands as lower oil prices threaten the profitability of high-cost production there.  

Keywords   [petroleum]
Phrases   [oil sands]
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