California-based Pacific Energy Partners L.P. plans to transform its two newly purchased regional pipeline systems in Alberta into a mainline to ship growing quantities of oilsands crude to refineries throughout the western United States.
The robust economies of Japan, Korea and China could open new doors for Canada’s heavy and synthetic crude, according to the Alberta Energy Research Institute.
After reining in construction costs, Syncrude Canada vowed Monday to take control of another runaway expense -- natural gas.
Western Oil Sands Inc. chopped 15 million barrels from the estimated reserves for its part of the Athabasca Oil Sands Project, while its partner Shell Canada Ltd. made no change at all. It all comes down to reporting, and those exempt from NI 51-101 have the advantage
Natural gas volumes needed to help the oil industry unlock Canada's vast oil sands are expected to nearly triple in the next decade, just as production is waning and prices are surging, the country's energy regulator said Thursday.
Northern Alberta's oilsands are expected to more than double production to 2.2 million barrels per day by 2015 and boost Canada's standing as a major oil producer, but it will likely do little to meet the world's growing energy demands.
Suncor Energy Inc., the second- largest oil-sands miner in the world, said first-quarter net income fell 38 percent after the company paid more royalties to the Alberta government. The company also said it will stop hedging oil-production.