By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
StatoilHydro may delay the start of an upgrade plant at its Canadian oil sands project for a second time due to rising costs and lack of clarity regarding regulations. For full story, click here
Statoil is delaying investment in the company’s Oil Sands project due to uncertainty over Canda’s climate change policies. The company has put off upgradation of a portion of the integrated oil sands project by two years later than originally planned. Helge Lund, CEO of Statoil was quoted as saying: Making an upgrader investment decision is [...]
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