McDermott International, Inc. declared that a subsidiary of The Babcock & Wilcox Company, has been awarded a contract to supply four modularized boilers for Phase 1 of the Kearl Oil Sands Project being developed by Imperial Oil in the Athabasca Oil Sands Region, located 70 kilometers north of Fort McMurray, Alberta. For full story, click [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news As predicted, the combination of falling oil prices, demand destruction and tight credit is beginning to affect heavy oil and oil sands. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Hello to everyone out there. Sorry that Upgrader is later than usual this week. I have been in Winnipeg and Northern Ontario on a semi-vacation. On that note, it was helpful to be without news for a few days as it offered perspective on what [...]
Sunshine Oilsands has raised $100 million dollars and 677,000 acres of land in Athabasca Oilsands region for its four gravity drainage projects. For more information on this story, click here
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