Oil-Sands Spending to decline 20%
Energy firms are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive. For full story, click here
Articles Tagged "biggest"
Enbridge, BP all set to build a pipeline from Illinois to Texas
The biggest pipeline company of Canada, Enbridge Inc., and BP Plc has agreed to build a delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas. The Canadian Association of Petroleum Producers said: Production from Alberta’s oil-encrusted sands may jump to 2.77 million barrels a day by 2015 [...]
