Increase largely due to a deferral of spending following the mandatory production curtailments in Alberta.
Gibson Energy will partner with US Development Group to construct and operate the facility, to open in 2021.
To startup its $675-million, 50,000-barrel-per-day Christina Lake phase G oil sands expansion project.
Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.
New York alleges investors were led to believe they faced a lower risk.
Protesters and counter-protesters were drawn to the rally attended by the 16-year-old Swedish climate activist.
Has reduced its tolerance threshold for companies with interests in the oil sands from 30% to 5%.
BitCrude process uses an electrically powered diluent recovery unit to produce a product that’s non-flammable.
Significant barriers to new investment, more certainty needed around regulatory processes.
Patient capital means Chinese majors unlikely they will leave the oil sands anytime soon.
Newspaper ads ask readers to call on “leaders of all political stripes” to lend their support to the energy industry.
Earnings were buoyed by a one-time deferred tax recovery of $1.12 billion associated with corporate income tax rate cut of 1%.
Volatility blamed on pipeline capacity failing to match growing oil sands output, and production limits.
Comes 18 years after Foster Creek facility was launched as the first commercial oil sands project to use steam-assisted gravity drainage.
Tough economic times have had an effect on Calgary’s landmark festival.