Oil Sands
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.
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Alberta energy war room must avoid online mudslinging: experts
Kenney government aims to get the $30-million Calgary-based war room running this summer.
Canadian Natural buying Devon Energy’s Canadian assets for $3.8B
Includes thermal in situ oil sands production and conventional primary heavy crude oil operations next door.
Feds to exempt oil sands from new reviews
…unless new Alberta premier Jason Kenney lifts emissions cap.
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‘We will keep our commitments:’ Alberta premier Kenney
Cap stays, will proclaim into law a bill to cut oil shipments to BC in response its opposition to the Trans Mountain pipeline expansion.
Production curtailments deliver billions to taxpayers: Cenovus CEO
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
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Experts say no government can bring back Alberta bitumen boom
Research suggests while renewables are still small, they play a big role in meeting new demand.
Line 3 pipeline delays make oilsands expansion unlikely: MEG
No point in doing so if there’s no pipeline capacity to carry the oil to market.
Fort Hills oil sands tailings plan OK but AER orders demonstration
Suncor Energy proposes to chemically treat its tailings, concentrate them all in a single deposit by 2073.
Suncor blames western Canadian oil price discounts for $280M net loss
Operating earnings were $580 million versus $1.31 billion, well below analyst expectations of $724 million.
Alberta to partially backstop new $2B dollar bitumen upgrader
Would convert 77,000 barrels of diluted bitumen daily into medium synthetic crude and an ultra low sulphur diesel.
