Oil Sands
Cenovus capital spending to edge higher in 2020, production to rise
Increase largely due to a deferral of spending following the mandatory production curtailments in Alberta.
Proposed diluent recovery unit to boost crude export room
Gibson Energy will partner with US Development Group to construct and operate the facility, to open in 2021.
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Cenovus boosts oil output plans on curtailment relief for rail
To startup its $675-million, 50,000-barrel-per-day Christina Lake phase G oil sands expansion project.
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Encana HQ move to US an oilpatch ‘tragedy’: Cenovus CEO
Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.
Exxon low-balled carbon pricing impact on oil sands projects: Lawsuit
New York alleges investors were led to believe they faced a lower risk.
Not a political question: Thunberg calls for climate action in Alberta
Protesters and counter-protesters were drawn to the rally attended by the 16-year-old Swedish climate activist.
Norwegian fund cuts four Canadian oil sands firms
Has reduced its tolerance threshold for companies with interests in the oil sands from 30% to 5%.
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New tech moves oil sands bitumen in container to West Coast
BitCrude process uses an electrically powered diluent recovery unit to produce a product that’s non-flammable.
Foreign share of oil sands production falls from 33% to 16%
Significant barriers to new investment, more certainty needed around regulatory processes.
Chinese companies commit to oil sands despite setbacks
Patient capital means Chinese majors unlikely they will leave the oil sands anytime soon.
Oil sands CEOs take federal election message to voters
Newspaper ads ask readers to call on “leaders of all political stripes” to lend their support to the energy industry.
Suncor posts $2.73B income on Alberta tax recovery, higher oil output
Earnings were buoyed by a one-time deferred tax recovery of $1.12 billion associated with corporate income tax rate cut of 1%.
Crude producers cautious, despite expected stronger oil prices
Volatility blamed on pipeline capacity failing to match growing oil sands output, and production limits.
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Cenovus produces one billionth barrel from thermal oil sands operations
Comes 18 years after Foster Creek facility was launched as the first commercial oil sands project to use steam-assisted gravity drainage.
Corporate Calgary ready to trade pipeline, tax protests for Stampede partying
Tough economic times have had an effect on Calgary’s landmark festival.
