One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.
Exxon Mobil Corp Mining News
The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO
An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.
Barrick Gold Corp said a power station that supplies its Porgera gold mine had been damaged, while Ok Tedi Mining Ltd said a landslip had blocked a road and damaged pipelines to its copper and gold mine in the Star Mountains.
Production is expected to reach 110,000 barrels per day, bringing total production to 220,000 barrels per day.
Total price tag at $18.82 billion.
Perhaps looking to take advantage of Buffett's loyal following, oil sands junior Strata Oil & Gas, released a statement on Thursday to spread the word about Buffett's Exxon buy.
Green Century Capital Management filed a shareholder resolution with ExxonMobil to disclose information about its investments in Canadian oil sands, Triple Pundit reported on Thursday. By the end of last year, ExxonMobil’s total proved reserves in the oil sands were over 2.78bn barrels — just over 11% of the company’s total proved reserves, according to a press release by Green Century. Canada’s oil sands which is expected to become the primary source of crude to the US have attracted intense scrutiny in recent days as the US Congress heard submissions about the extension of the Keystone XL pipeline from Alberta to Texas.