Between 1 and 2 trillion barrels of oil sands and extra-heavy oil may be ultimately recoverable economically, according to IEA. For full story, click here
Continue reading "Aprox 2 trillion of oil sands recoverable: IEA"
Thursday, November 13, 2008
Canadian Natural Resources Ltd. does not expect Barack Obama to implement policies that would crush Alberta’s oil sands industry. Réal Cusson, senior vice-president of marketing, Canadian Natural Resources, said: There’s always a difference between what’s been said in a campaign versus the realities of governing. We believe the Canadian barrels are friendly barrels right next door [...]
Continue reading "Canadian Natural Resources says Obama no threat to oil sands"
Tuesday, November 11, 2008
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
Continue reading "Oil-Sands Spending to decline 20%"
Thursday, November 6, 2008
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 [...]
Continue reading "Upgrader:Harper’s gambit"
Wednesday, November 5, 2008
Other than the potential for a severe economic downturn, the development of the oil sands may be the most vital economic and political issue for Canada for next ten years. according to present suituations, the oil sands will host at least $170-billion of investments during this period. For full story, click here
Continue reading "Oil sands will host around $170 bn of investments"
Monday, October 20, 2008
Experts asses that for acceptable ROI, Canadian oil sands and other oil projects require prices above $90 a barrel. EnCana recently said: It would focus on “capital preservation” to tide it through uncertain times, as it cancelled plans to spin off its oil sands business. That means drilling cutbacks, slower development of oil sands ventures, [...]
Continue reading "Canadian oil sands and other oil projects require prices above $90"
Monday, October 6, 2008
The fall draws attention to fears that companies in the oil patch face a struggle to rustle up the money required to plow ahead with expensive projects. John Wright, chief executive of Petrobank Energy and Resources Ltd said: Definitely anything with a tight time fuse is in trouble right now. Someone who has to commit to a long-lead [time] [...]
Continue reading "Oil sands scrips decline to 52-week low"
Thursday, October 2, 2008
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 [...]
Continue reading "Upgrader: The end of the beginning"
Monday, August 25, 2008
The huge amount of energy and water needed in the process to extract oil from sands has raised fears among scientists, environmentalists and government officials. Critics are quoted as saying: The oil sands operations will increase greenhouse gas emissions and threaten Alberta’s rivers and forests. For full story, click here
Continue reading "Cost of Alberta’s oil sands"
Friday, August 22, 2008
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 [...]
Continue reading "Upgrader: August 22"
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Monday, November 17, 2008