light oil
US Midwest refinery maintenance outages to weigh on Canadian oil prices
Heavy schedule of refinery maintenance in the U.S. Midwest, with about 829,000 bpd of capacity expected to be unavailable through October.
Supply line leak led to fire at Syncrude oil sands facility
One worker was injured, taken to hospital in Fort McMurray in serious but stable condition.
Statoil closes Leismer thermal oil sands project as fire stops pipeline
Facility had been producing about 20,000 barrels of bitumen a day before the fire began.
Legacy grows footprint in Alberta, Saskatchewan through acquisition deals
Energy firm pays $108.6 million for two separate deals to add to its existing light oil presence
Alberta carbon dioxide pipeline construction set to begin
Enhance Energy will use carbon dioxide to extract more light oil from resevoirs.
Vero Energy, TORC Oil team to create new light oil company
Both companies focus on Alberta’s light oil plays such as Cardium and Alberta Bakken.
Hyperion increases capital spend to $33M
Hyperion Exploration Corp. is increasing its capital expenditures in 2011 to $33 million to speed up development of its low risk light oil assets in northwestern Alberta.