Reducing its interest in Athabasca project and selling its interest in Peace River Complex.
Blames inaction on outstanding issues by the NDP government.
Analysts estimate nearly half of the oil sands’ 2.5 million bpd capacity was offline at times over the past three weeks.
Alberta says their concerns aren’t related to the content of the Lower Athabasca plan.
2009 joint-venture deal included an exit strategy for the Canadian company.
University of Toronto researchers say the oil sands needs to improve its accounting of polycyclic aromatic hydrocarbons (PAH) emissions.
Brings scientific credibility to assessments of billions of dollars in industry activity.
To handle growing volumes from Firebag 4 and 5
Southern Pacific Resource Corp. is expanding its steam-assisted gravity drainage (SAGD) project in Alberta’s Athabasca oil sands region.
MEG Energy is gearing up the regulatory process to build and operate a 120,000 barrel per day operation in Alberta’s Athabasca oil sands region.
Shell Canada says it has successfully started up production from the company’s Scotford upgrader refinery expansion project near Edmonton.
E-T Energy is getting $6.86 million in funding and will be working with Total E&P Canada Ltd. to field-test a less environmentally intrusive method of extracting hard to access bitumen from the Athabasca oil sands.
Energy companies Total E&P Canada Ltd. and Suncor Energy Inc. have formed a strategic oil sands alliance involving assets both companies have in Alberta’s Athabasca region.
Enbridge Inc. is spending $200 million to further expand a regional pipeline system serving the oil sands, as producers pour more and more investment into new projects.