Investment in Alberta’s oilsands will be $97 billion less than expected in 2009 due to economic meltdown, a new report states, but whether that slowdown will be an economic calamity or a “golden opportunity” for industry and government remains to be seen. For more information, click here
Connacher Oil and Gas Ltd. has reinstated full steam and production at its Alberta oilsands project on stronger heavy oil differentials, the company said. For full story, click here
Taiwan’s state owned CPC Corp. sealed a MOU with Indian Oilsands for a potential partnership on Oilsands development the province of Saskatchewan in Canada. For more information, click here
By Duncan Sutherland- Exclusive to Heavy Oil Investing News The big story of the week is oil’s retreat. The NYMEX crude prices fell just over fifteen dollars through the week. The chief driver of the slide was a worrisome economic outlook for the United States. Indications began to appear that strong supply and depressed demand [...]
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
Oilsands Quest appointed Jamey Fitzgibbon P.Eng, MBA as President and Chief Operating Officer of the company. Christopher Hopkins, Oilsands Quest CEO, was quoted as saying: We are thrilled to have Jamey Fitzgibbon join our senior management team as President and COO. Visit this link for full story.
Advancement in processing technologies and the adoption by producers of varied strategies to market the resulting heavy crude blends will be key drivers for the rise in production of Canadian oilsands bitumen. This was one of the key issues discussed by speakers during the opening session of the second annual Oil Sands & Heavy Oil Technologies [...]
Activists targeted the Heavy Oil Technology conference at the Telus Convention Centre in Calgary to protest against the development of oilsands at Alberta. Anna Gerrard, a Greenpeace volunteer, was quoted as saying: Our government is insulting our intelligence and lying about (what’s really happening) For more information on this news, visit here
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