Canada, has achieved a production milestone of one million accumulated barrels of oil. First oil at the Leismer oil sands project was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800 barrels per day within 24 months.
Oil Sands Mining News
Protection Agency has expressed "significant" new fears about the safety of Calgary-based TransCanada Corp.'s proposed Keystone XL oilsands pipeline, criticizing decision makers in the Obama administration for conducting a flawed study of the project's
When the Canadian Energy Research Institute (CERI) released its sixth-annual oilsands update in May, it highlighted the bright investment future of the industry.
In a must-see clip for anyone who both has an interest in US energy policy and watches or plays ice hockey, The Daily Show with Jon Stewart last week humorously pointed out the lack of geopolitical risks that come from US dependence on Canadian oil imports.
Junior oilsands developers and producers flaunted their wares this week at an investment symposium, touting land mass, technology and diversity to attract joint venture money. The bulkier the company, the more conversations to be held with prospective joint partners, said presenters at the Canadian Association of Petroleum Producers conference on Tuesday.
CNBC reports Opti Canada Inc shares dropped to a record low on Wednesday as the troubled oil sands producer skipped a scheduled interest payment to conserve cash as it seeks to restructure its crushing debt. Opti shares fell 4 Canadian cents, or 27%, to 11 Canadian cents in the early afternoon on the Toronto Stock Exchange after the company said it wouldn't make a $71m interest payment due on Wednesday.
Clean Harbors has been focusing its expansion efforts on Canada, and in western Canada in particular, where vast oil sands support a thriving energy industry. Peak provides drilling and production equipment and services to oil […]
SmarTrend identified a Downtrend for Oilsands Quest AMEX:BQI on April 14, 2011 at $0.43. In approximately 2 months, Oilsands Quest has returned 15.1% as of todays recent price of $0.36.
Some time before the end of this month, an expert panel appointed by the Alberta government is expected to unveil recommendations for a "world-class" system for monitoring the environmental impact of oil sands on the Athabasca River basin.
Shell, as operator of the Athabasca Oil Sands Project announced on Monday that in just six years the project has spent over $1 billion working with over 70 Aboriginal contractors. Shell Canada Energy is 60% owner and operator of the Athabasca Oil Sands Project along with Chevron Canada (20%) and Marathon Oil Corporation (20%). The AOSP includes the Muskeg River Mine, Jackpine Mine and Scotford Upgrader.
The Financial Post reports according to a new outlook from the Construction Owners Association of Alberta, the expected future labour need for 2011 is up significantly from this time last year. At the same time, the Construction Sector Council recently published a forecast that suggests that future trades industry labour supply will be limited. An 2011 report by Peters & Co., an oil sands investment house, predicted investment in Alberta's oil sands was set to reach a staggering $180bn over the next decade – 20% more than was spent during the height of the last boom.
Seair announced on Monday it has sold a SA1200 diffusion tower to a major oil sands producer and Canadian Oil Sands Network for Research and Development (CONRAD) member, bringing the number of dewatering treatment units purchased by the producer to seventeen (17). The SA1200 is the largest diffusion tower Seair has produced to date with a flow-through capacity of over 19 m3 (5,000 gallons) per minute.
Fast Market Research recommends "Canadian Oil Sands Limited (COS.UN) - Oil & Gas - Deals and Alliances Profile" from GlobalData, now available Canadian Oil Sands Limited (COS.UN) - Oil & Gas - Deals and
Natural gas is a gas that consists primarily of methane and is widely used as an energy source around the world. The natural resource is important for the creation of fertilizers, and is now used […]
The oil markets are in decline today on the heels of a Saudi decision to provide additional crude volume. The move comes as divisions within OPEC intensify (for reasons we discussed in "What Iran's Oil […]
This week’s activity has been far from one sided as markets are fluctuating in both directions with no clear direction. Weakness in equities, a rising dollar, a slowdown in China or a production increase in […]
Ivanhoe Energy Inc. confirmed the closing of its previously announced bought deal public offering of Can$50,000,000 principal amount of 5.75% convertible unsecured subordinated debentures at a price of Can$1,000 per Debenture. Ivanhoe Energy is an […]
Canada’s biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (SU - Analyst Report) has been a Zacks #1 Rank (Strong Buy) stock since May 17, 2011. The independent energy exploration and production company has seen its estimates move up following its robust first quarter results in early May. Suncor’s attractive fundamentals, positive outlook, and the recent optimism about economic recovery have inspired this bullishness.
Media are invited to Shell Canada's kickoff to Aboriginal Awareness Week (June 13-17) where Lorraine Mitchelmore, Shell Canada President and Country Chair and the Honourable Len Webber, Minister of Aboriginal Relations, will be making an announcement.
The oil sands, the world’s largest energy project, will face severe or even catastrophic water shortages due to declining glaciers and snowpack in the Rocky Mountains, warn Canadian water researchers.
Ron Leven of Morgan Stanley has recently delivered a presentation under the auspice of ETF Securities Ltd. in which he outlined his expectations for the major currencies.
China showed robust demand for crude oil and coal in May, shrugging off higher prices to boost imports by more than 20 percent, but its appetite for overseas copper supplies remained sickly and iron ore buying showed signs of ending a strong run.
Bloomberg reports that in New York, Oil traded near the highest this month. The market news is quoted as saying: Futures were little changed, with the biggest weekly gain in four weeks, after the U.S. Commerce Department said record exports in April helped the trade gap shrink 6.7 percent to $43.7 billion, the lowest since December. A separate report showed jobless claims unexpectedly rose.
MetaPower International receives purchase orders totaling $1,777,320 for management services with a major oil sands energy company
MetaPower International, Inc. (OTCPK: MTPR) is pleased to announce that the Company's subsidiary, MetaPower Canada, Ltd, has received additional purchase orders totaling $1,777,320 CD from a Canadian Energy Company's facility in the Oil Sands Region of Northern Alberta, Canada. The orders are for 1) Continued work on development, calculation and reporting of key performance indicators, 2) On-going work on the Process Safety Management project, 3) Work on the Business Process Management initiative.
Short seller Jim Chanos is well known for his negative assessments of China, especially Chinese real estate. One of his more colorful expressions about China's economy is "the Chinese are on a treadmill to Hell." […]