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Oil Sands News

BP Considering Sale of Stakes in Canadian Oil Sands Assets
Canada >> 4/20/2017 - BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating f...
Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
Canada >> 4/13/2017 - Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to peop...
Nexen Joins ConocoPhillips in Cutting Oil Sands Output
Canada >> 4/6/2017 - Two oil sands producers in northern Alberta have cut production at their facilities due to a shortage of synthetic crude, market sources said, causing Canadian and U.S. crude prices to surge to multi-...
ConocoPhillips to Sell Assets in Canada for $13.3 Billion
Canada >> 3/29/2017 - ConocoPhillips has signed a definitive agreement with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of it...
Shell Divests Oil Sands Interests in Canada for $7.25 Billion
Canada >> 3/9/2017 - Royal Dutch Shell plc announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) which are detailed in this announcement that will see ...
ConocoPhillips Revises Down over 1 bln bbls of Oil Sands Reserves
Canada >> 2/22/2017 - ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocar...
Statoil Completes the Sale of its Oil Sands Business
Canada >> 1/31/2017 - Statoil and Athabasca Oil Corporation have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca. ...
Fluor Completes Module Fabrication for Oil Sands Project
Canada >> 10/18/2016 - Fluor Corporation (FLR) announced that all 358 modules have been fabricated and shipped to the site for its portion of the Fort Hills Energy L.P. oil sands mining project in the Athabasca region of Al...
Quest CCS Project Reaches Significant One-Year Milestone
Canada >> 9/15/2016 - In its first year operating, the Quest carbon capture and storage (CCS) project has captured and safely stored one million tonnes of CO2 ahead of schedule. Quest is the first CCS project applied to oi...
Suncor Restarts Oil Sands Operations
Canada >> 5/29/2016 - Suncor has begun the safe and staged restart of its operations in the Regional Municipality of Wood Buffalo (RMWB) with initial production from its Firebag in situ facility early last week. ...
Canada Wildfire: Oil Workers Urged to Leave Fort McMurray Camps
Canada Wildfire: Oil Workers Urged to Leave Fort McMurray Camps Canada >> 5/17/2016 - Around 12,000 people have been urged to leave Canada's oil sands camps near the fire-hit town of Fort McMurray as a resurgent wildfire heads towards them. 8,000 people were given precautionary evacuat...
Total Starts up Surmont 2 Oil Sands Project
Canada >> 9/1/2015 - Total announces the start-up of production from the Surmont 2 oil sands project, located 63 kilometers southeast of Fort McMurray in the Athabasca region of Alberta, Canada. ...
Cenovus Shuts Down Foster Creek due to Forest Fire
Canada >> 5/25/2015 - Cenovus Energy Inc. has safely evacuated all staff from its Foster Creek oil sands and Athabasca natural gas operations and shut down production as a precaution due to a forest fire on the Cold Lake ...
ExxonMobil Provides Cold Lake Project Expansion Starts Production
ExxonMobil Provides Cold Lake Project Expansion Starts Production Canada >> 5/11/2015 - Exxon Mobil Corporation announced that bitumen production began on schedule at the $2 billion Cold Lake Nabiye project expansion in northeastern Alberta, Canada. ...
Statoil Published Annual Oil Sands Operational Report
Canada >> 4/23/2015 - The report presents environmental, health and safety performance at the Leismer Demonstration Project. The CO2 intensity was reduced by around 4% in 2014, compared to 2013. The average daily oil sands...
ConocoPhillips Puts Western Canada Assets Up for Sale
Canada >> 3/27/2015 - ConocoPhillips is looking to sell about 20 percent of its production in Western Canada, outside the oil sands, as tumbling oil prices have made operations in the country less profitable. ...
Husky Energy Begins Oil Production at the Sunrise Energy Project
Canada >> 3/11/2015 - Husky Energy has started oil production at the Sunrise Energy Project in northern Alberta. "Sunrise is the latest in a series of resilient, low sustaining capital projects to come online from our dive...
Shell Shelves 200,000-bpd Pierre River Oil Sands Mining Project
Canada >> 2/23/2015 - Royal Dutch Shell Plc is shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers struggle with low energy prices. ...
Inter Pipeline Completes Cold Lake and Polaris Pipelines
Canada >> 1/28/2015 - Inter Pipeline Ltd. has completed construction activity on two major expansion projects on its Cold Lake and Polaris pipeline systems. These projects will provide transportation service to the Foster ...
MCW Projects a Reduction in Its Oil Sands Costs Down to $ 28.00 USD Barrel
Canada >> 1/27/2015 - MCW Energy Group Limited involved in the development and implementation of oil sands extraction technologies, through MCW Oil Sands Recovery, LLC, ("MCW Oil Sands") today announced further details of ...

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