Canadian Oil Sands

Canadian oil sands economic impact highly overrated: poll

Cecilia Jamasmie | July 4, 2014
Canadian oil sands economic impact highly overrated: poll

A majority of Canadians overestimate the contribution the oil sands make to the world’s 11th largest economy, a study published Friday reveals.

Oil sands juniors hit hardest by Canada’s barriers to foreign investors

Cecilia Jamasmie | June 13, 2014
Oil sands juniors hit hardest by Canada’s barriers to foreign investors

Foreign takeover rules imposed in 2012 have hurt oil sands companies, shows a new study by the University of Calgary’s School of Public Policy.

Canadian oil sands not dirty: EU

Cecilia Jamasmie | June 6, 2014
Canadian oil sands not dirty: EU

After years of lobbying, Canada's Federal Government seems to have persuaded the European Commission to change draft rules that would open the way for Alberta crude supplies.

There can be “economic benefits” from oil spills — Kinder Morgan

Cecilia Jamasmie | May 1, 2014
There can be “economic benefits” from oil spills — Kinder Morgan

Company claims comment was part of a requirement for the application to the National Energy Board.

Canada says whales no longer in danger as oil pipeline verdict looms

Cecilia Jamasmie | April 23, 2014
Canada says whales no longer in danger as oil pipeline verdict looms

Despite objections from several groups, the Harper government declared over the weekend the humpback a "species of special concern" under the Species at Risk Act (SARA).

Canada’s oil sands hit hardest by investment barriers to Chinese firms

Cecilia Jamasmie | March 26, 2014
Total E&P Canada shelves $11-billion oil sands mine

Chinese capital could fund 40% of the necessary investment in the country's oil sands over the next 20 years.

Taxes hurt cash flow at Canadian Oil Sands

Ana Komnenic | January 31, 2014
Canadian Oil Sands 2013 performance

Lower sales, lower prices, lower production.

Canada-EU battle over oil sands deepens

Cecilia Jamasmie | November 13, 2013
Canada-EU battle over oil sands deepens

Canada’s natural resources minister Joe Oliver continues to hit back against critics of the country’s oil sands.

Enbridge's $5.5bn Northern Gateway to move oil by 2018

Cecilia Jamasmie | October 2, 2013
Enbridge's $5.5bn Northern Gateway to move oil by 2018

But the Calgary-based company acknowledges the path will be full of obstacles.

TransCanada $12bn west-east pipeline to create 10,000 jobs—report

Cecilia Jamasmie | September 10, 2013
TransCanada $12bn west-east pipeline to create 10,000 jobs—report

Report prepared by Deloitte & Touche shows the pipeline could also generate $10 billion in GDP just in the construction phase.

Keystone XL allowed across Texas family farm

Cecilia Jamasmie | August 28, 2013
Keystone XL allowed going across Texas family farm

Ruling eliminates one of the last obstacles to completion of the Canadian oil-sands duct's southern leg.

TransCanada going ahead with west-east oil pipeline

Cecilia Jamasmie | August 1, 2013
TransCanada going ahead with west-east oil pipeline

It will move 1.1 million barrels of crude per day from Alberta to New Brunswick

Canadian Oil Sands more than doubles profit in Q2; CEO retires

Ana Komnenic | July 31, 2013
Canadian-Oil-Sands-down-on-Q2-results

Company down on Toronto exchange.

Canada’s energy giants shares soar on analyst bullish outlook

Cecilia Jamasmie | February 25, 2013
Canada’s energy giants shares soar on analysts bullish outlook

Suncor Energy and Canadian Natural Resources could be targets for activist investors, Barron said.

Reliance on oil sands may hurt Canada's economy: report

Cecilia Jamasmie | February 21, 2013
oil sands

Canada is heading towards a "staples trap," whereby the more quickly bitumen is exported, the less diversified and productive the economy becomes, warns a study.

U.S. approves $15.1 billion CNOOC-Nexen deal

Cecilia Jamasmie | February 13, 2013
U.S. approves $15.1 billion CNOOC-Nexen deal

Canadian oil and gas company Nexen’s shares climbed over 2% after the announcement.

Keystone opponents 'foolish,' says Calgary mayor

CBC Ottawa | January 29, 2013

Oil pipeline project is core public policy issue for Canada and the U.S., says Naheed Nenshi

Oil sands pollution confirmed

Queen's Journal | January 18, 2013

A Queen University’s study confirms suspicions about contamination of lakes by Alberta’s oil sands.

TransCanada to build a $5 billion gas pipeline for Progress Energy

Cecilia Jamasmie | January 9, 2013
TransCanada to build a $5 billion gas pipeline for Progress Energy

The Prince Rupert Gas Transmission project is expected to have an initial capacity of about 2 billion cubic feet of gas per day.

Canada’s need for more pipeline capacity a ‘real concern,’ says natural resources minister

Calgary Herald | January 4, 2013
pipelines

Canada risks stranding its resource bounty unless it adds new pipeline capacity to the West Coast, eastern provinces and the U.S., says Natural Resources Minister Joe Oliver, who believes the issue will be one of the biggest items on his plate in 2013.

Nebraska up in arms about TransCanada’s Keystone XL

Cecilia Jamasmie | January 3, 2013
Nebraska up in arms about TransCanada’s Keystone X.L

While the cross-border outcome for TransCanada’s Keystone XL pipeline is still up in the air, U.S. opposition to the southern section currently under construction in Texas and Oklahoma is escalating.

Canadian Oil Sands sees continued volatility in light oil pricing

Calgary Herald | November 30, 2012

Growing North American light oil production is expected to cause crude from the Syncrude oilsands mine to fetch a discounted price, says Canadian Oil Sands Ltd., the largest partner in the massive development.

Oil sands giant Suncor loses temporary injunction against drug test

Cecilia Jamasmie | November 29, 2012
Oil sands giant Suncor loses temporary injunction against drug test

Canada’s oil sands giant Suncor Energy (TSX, NYSE:SU) has lost an appeal of a temporary injunction that halts the start of random drug and alcohol testing on its employees.

China resubmits deal to acquire Canada’s Nexen to US regulator

Cecilia Jamasmie | November 28, 2012
Sprott and Chinese firm set $500 million minerals fund

In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.

Canada braces for new wave of anti-pipelines protests

Cecilia Jamasmie | November 26, 2012
Canada braces for new wave of anti-pipelines protests

Western Canada’s Vancouver, Victoria, Smithers and Prince George are expected to be Tuesday the main stage for rallies against oil and gas pipelines, as part of national and international actions spearheaded by the Unis’tot’en clan of the Wet’suwet’en Nation in British Columbia.

Enbridge to ship crude to Philadelphia via rail

Cecilia Jamasmie | November 26, 2012
Enbridge to ship crude to Philadelphia via rail

Canada’s Enbridge Inc. (TSX, NYSE:ENB) announced Monday its has entered into an agreement with Canopy Prospecting Inc. to develop rail facilities that will deliver crude oil from the Bakken shale prospect in North Dakota to Philadelphia refineries by the third-quarter of 2013.

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