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Oil Sands Project
Oil Sands Project news and technical articles from Oil & Gas Financial Journal. Search Oil Sands Project latest and archived news and articles
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PetroChina gains full ownership of Canadian oil sands project
… sold its remaining 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Ltd., a wholly owned ..... first time a Chinese firm will wholly own a Canadian oil sands project . In late 2009, PetroChina bought a 60% stake in …
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Enerplus defers further development at Kirby oil sands project
… Fund, is deferring further development of the Kirby Oil Sands project . The fund will re-evaluate and potentially reinitiate ..... toward project sanctioning at this time. The Kirby Oil Sands project is a 100% owned in-situ development that was acquired …
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Grizzly submits application for Algar Lake oil sands project
… Resources Conservation Board and Alberta Environment for the development of an 11,300 barrel per day (b/d) oil sands project at Algar Lake. The project is expected to operate at an average capacity of 10,000 b/d over a design life of …
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Fluor wins $1.5B contract for Kearl Oil Sands project
… construction (EPC) contract for infrastructure and offlease facilities for the first phase of Imperial Oil's Kearl oil sands project , a surface mining and bitumen extraction operation located 70 kilometers northeast of Fort McMurray, Alberta …
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Cobra completes purchase of interest in Utah Oil Sands project
July 27 - Cobra Oil & Gas Co. has finalized the deal to purchase a 40% working interest on the Utah Oil Sands Project in Uintah County, Utah from Enercor Inc. The leases comprise 33,632 acres in entirety and total 23 Federal Leases, approximately …
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Imperial Oil approves first phase of Kearl oil sands project
Imperial Oil Ltd.'s board of directors has approved the first phase of the Kearl oil sands project , a surface mining operation northeast of Fort McMurray, Alberta. The Kearl project is expected to be developed in three phases …
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Total set to acquire UTS, interest in Fort Hills oil sands
… P Canada Ltd. has agreed to acquire UTS Energy Corp. with its main asset, a 20% interest in the Fort Hills oil sands project in the Athabasca region of the Canadian province of Alberta, for C$1.5 billion (US$1.4 billion). News …
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M&A activity contracts in Q1 as natural gas deals dry up
… financial backdrop. The largest deal was PetroChina's acquisition of the remaining 40% interest in the Mackay River Oil Sands project from Athabasca Oil Sands Corp. for $680 million.
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Deal activity driven by strategic and strong buyers
… creating operating efficiencies, the cash flow from NAL's production will help fund Pengrowth's Lindbergh SAGD oil sands project . The deal gives Pengrowth an expanded asset base of conventional and unconventional opportunities with more than …
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ExxonMobil making massive energy investment
… to start-up in the next two years including four in West Africa, Kashagan Phase 1 in Kazakhstan and the Kearl Oil Sands project in Canada. In the downstream, the company completed a large project at the Thailand refinery, which is expected …