Despite a slump in activity in Alberta’s oil sands, operators this month have taken early regulatory steps toward several future projects. For full story, click here
Canadian Oil Sands Trust declared that it has filed the results of the independent evaluation of its reserves and a review of its resources for the Syncrude Project leases at December 31, 2008 with the Canadian securities administrators on the SEDAR web site. For full story, click here
An Alberta petroleum company using a revolutionary process to extract underground bitumen has finally won ERCB approval for an expansion to its heavy oil pilot project south of Fort McMurray. For full story, click here
An Alberta petroleum company using a revolutionary process to extract underground bitumen has finally won ERCB approval for an expansion to its heavy oil pilot project south of Fort McMurray. For full story, click here
A heavy oil extraction project north of Wabasca has been suspended for the time being. Low oil prices are apparently to blame. For full story, click here
The company said that it has been advised that the Lieutenant Governor in Council, by Order in Council Number 525/2008, has authorized the Energy Resources Conservation Board to grant Approval No. 1253 to Connacher Oil and Gas Limited. For full story, click here For company’s website, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Brass tacks In markets like these, it behooves investors, advisers, businesspeople and journalists to return to first principles. May I first offer a mea culpa for failing to forecast the precipitous decline in barrel prices? Sorry. Getting down to brass tacks, the economic fundamentals of [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Tuesday, March 31, 2009