The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.
syncrude Mining News
Production at Syncrude’s Mildred Lake oil sands to fully resume in June
Pipeline shipments would restart at approximately 50% of capacity in early May.
Production at Syncrude’s Mildred Lake oil sands to fully resume in April
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.
Suncor cuts spending by 10% after posting $2bn loss on writedowns
The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.
Suncor changes strategy to acquire Canadian Oil Sands with $6.6bn friendly deal
After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.
Canadian Oil Sands claims victory over Suncor’s hostile takeover attempt
The company is asking Suncor to disclose details of how shareholders reacted to its bid before last week’s deadline had to be extended until Jan. 27.
Suncor presses Canadian Oil Sands shareholders for a takeover offer nod
“Hope is still not a strategy,” Suncor wrote in a letter to Canadian Oil Sands’ shareholders, stressing there was “little time” left.
Canadian Oil Sands to stay in the black even if crude prices keep falling
The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.
Canadian Oil Sands granted one more month to fend off Suncor's hostile bid
The poison pill provision must expire by Monday, Jan. 4, 2016.
Suncor cuts oil sands output for 2016
Canada's dominant oil sands player, however, plans to spend about $900 million more next year.
Canadian Oil Sands accuses Suncor of paying brokers to win takeover bid
Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.
Regulator to weigh on Suncor attempts to take over Canadian Oil Sands
Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.
Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid
The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."
No injuries reported from explosion at Syncrude
The blast happened early Saturday morning at the Mildred Lake site.
Oil sands air monitoring agency running on emergency fund
The Wood Buffalo Environmental Association has barely enough to keep running until the end of January.
Canadian Oil Sands sees continued volatility in light oil pricing
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.
The Challenges and Potential of Canada’s Oil Sands
Once considered too expensive and damaging to the land, exploitation of Canada’s oil sands is now a venture worth billions. The country has proven oil reserves of more than 170 billion barrels—second only to those in Saudi Arabia. Much […]
