Canada’s oil sands producers are stuck in a rut.
Alberta Mining News
After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.
Sherritt pleaded guilty in the Provincial Court of Alberta to three counts of contravening the Fisheries Act.
Two things helped make Alberta’s oilsands a top North American environmental concern — ducks and trucks.
CEO Patrick Pouyanne said the company’s priority was "value over volume", adding that oil sands were among the high breakeven projects in Total's portfolio.
The sale of the Suffield assets to to International Petroleum Corporation is expected to close before the end of the year.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
All three projects are now over 95% built and transitioning into start up.
Western Canada's conventional energy producers are looking to step out of the long shadow cast by the oil-sands sector to tout the economic and environmental benefits of light oil and natural gas development.
The energy sector accounts for a significant part of Canada’s prosperity. The industry is the single largest private sector investor, employing more than 425,000 people.
Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.
The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.
News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.
Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.
Transaction could become one of the country’s one of the biggest-ever equity sales.
The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.
Pipeline shipments would restart at approximately 50% of capacity in early May.
The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.
The Frontier project is located 110 kilometres north of Fort McMurray, in Alberta, around 40 kilometres from the Fort McKay First Nation's reserve.
Suncor Energy, the largest partner in Syncrude, said it expects to meet its 2017 production targets despite a fire that shut down the Mildred Lake upgrader almost two weeks ago.
He said the project would employ 28,000 people, with TransCanada predicting only 13,000 temporary construction jobs and the US State Department saying only 50 of them will be permanent positions.
Suncor Energy’s plan to clean up tailings in some of its oil sands operations using water capping, also known as an end-pit lake, have hit a snag as the Alberta Energy Regulator rejected the proposal saying the firm’s plan lacked evidence the strategies would work.
Once the deals close, there will be only three major companies — CNRL, Suncor and ExxonMobil majority-owned Imperial Oil Ltd. — dominating Canada's oil sands industry.
With oil holding steady above US$50 a barrel since December after having bottomed out to about $26 in early 2016, energy analysts say the growth of automation and other labour-saving efficiencies could hold back many jobs from returning with the economic recovery.
The Hohe See wind park, to be located in the North Sea, has a planned capacity of about 500 megawatts.