Statoil ASA, (NYSE:STO) the Norwegian-owned oil and gas major, does not believe it has a future in the Canadian oil sands.
Oil Sands Mining News
But Asia rises as potential market for Trans Mountain crude say analysts.
Donald Trump's prospective cabinet is now stacked with friends of Canadian oil, with vocal proponents of the Keystone XL pipeline his picks to run key posts in the State and Energy departments.
The agency said such statement, however, cannot become a “national, systemic conclusion” about the impacts of the oil and gas extraction method.
The collapse of oil prices has forced the U.S. shale industry to slash production costs.
One of the largest Canadian oil and gas companies has sold its stake in a major pipeline system linking it and other major oil producers in northern Alberta.
The fundamental question remains: can carbon taxes return growth and prosperity to oil sands?
Dr Andrew Latham, vice president of exploration at Wood Mackenzie said: "The industry has a good chance of achieving double digit returns in 2017. Smarter portfolio choices and lower costs are already paying off."
Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.
Pipeline ruptures, bunker fuel spills pose a greater risk than a major oil tanker spill, they say.
With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.
Oil sands/US waterways at risk of spills NRDC: Canadian tanker scheme puts US coasts, key rivers in real danger
A flood of dirty oil and possible damaging spills in the Atlantic, Pacific and Mississippi River threatens iconic species, tourism and communities; also would increase climate pollution double Keystone XL’s.
CFSW LNG Constructors – a consortium of four major engineering and construction firms and the lead contractor for LNG Canada – has cancelled the bidding process for the project.
Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.
Companies respond by banning rodent poison.
Trudeau approves Trans Mountain and Line 3 replacement project, rejects Northern Gateway.
Supporters and opponents of oil pipeline projects have been gearing up with preemptive moves this week in anticipation of announcements expected late Tuesday by the federal government.
Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors (CAODC) is forecasting a year-over-year increase in the number of wells drilled in Canada.
Payments will be done over the next 14 years to compensate the firm for shutting down their plants earlier than originally planned.
Trump’s investments could affect any decision he makes on the US$3.8 billion project as president.
The new new agreement on the Coastal GasLink natural gas pipeline project will help ensure that the Saulteau community can participate in and benefit from B.C.'s LNG opportunity.
Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.
That's the estimated minimum price oil sands companies need to go ahead with their projects, and if it's reached then the extra cost of a carbon tax likely won't sway a decision.
Royal Dutch Shell, a long-time advocate of pricing carbon, says the strategy needs to be maintained regardless of what happens south of the border.
The oilsands suddenly have a real reason to fear Texas.