Majors on the wrong track for emission action
The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.
oil sands
RBS vows to stop funding coal-fired power stations, Arctic oil projects
RBS will no longer provide backing for projects that are at odds with the global transition to low carbon.
Shale and oil sands need prices above $50 to pay off
Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50 a barrel for their investments to pay off in the long run.
More than 120 birds killed at Canadian oil sands mine
More than 120 birds were killed at an oil sands mine operated by Suncor in Canada, the Alberta Energy Regulator (AER) said.
Oil sands help shale hamper Opec push to fix market
OPEC producers are finding that shale oil drillers aren’t their only adversaries in their battle to drain a three-year crude glut .
Despite setbacks, Canada’s oil sands still Opec’s second biggest threat after US shale
The US shale industry isn't alone in the burst of oil production offsetting OPEC's cuts.
Sale of polluting oil sands heralds cleaner future for Shell
Royal Dutch Shell Plc just took a big step toward remaking itself as a natural gas company.
Marathon ditches Canadian oil sands for Permian acerage
Marathon Oil (NYSE:MRO) is ditching its Canadian oil sands operations in favour of acreage in the Permian basin.
Updated: Shell sheds Oil Sands interests in $7.25billion deal
Shell this morning confirmed a massive portfolio shake-up.
Shell shuns new oil sands as low crude prices force cost control
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves.
Statoil completes sale of oil sands business
Statoil has completed the sale of its oil sands operations in Alberta, Canada, to the Athabasca Oil Corporation.
Shell reprimanded over oil sands vote ban
Oil major Shell has been reprimanded by the commissioner of Canada Elections for allegedly failing to provide some of its Fort McMurray oilsands workers adequate time off to vote in the 2015 election.
Statoil offloads oil sands business, pockets $832million
Statoil has sold its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation.
Oil Sands cost cutting ‘close to bone’ as crude stalls
Canadian oil-sands producers are running out of tricks to buoy their share prices as crude prices keep bumping up against a $50 ceiling.
Suncor’s emissions goal seen challenging even without total cuts
Suncor Energy Inc. plans to hold total greenhouse gas emissions at current levels through 2030 even as it boosts crude production by targeting a reduction in carbon output per barrel.
Oil-sands crude returns to US market when it’s less needed
Canadian oil-sands producers who are restoring production after wildfires are finding U.S. refiners are doing just fine without as much crude from their northern neighbor.
Fort McMurray residents face ‘shock’ on return after wildfires
Waseem Amin has been making big plans for his return to Fort McMurray, the Canadian oil-sands town devastated by wildfires last month. He came home to a city smelling of smoke and surrounded by charred hills dotted with hulks of burned trees.
Suncor resumes oil-sands operations after wildfire shutdown
Suncor Energy Inc. restarted oil-sands operations in the Regional Municipality of Wood Buffalo, an area in Canada that includes wildfire-ravaged Fort McMurray. It’s a move that enables thousands to return to work.
Evacuated oil-sands sites await better air quality for return
Alberta officials are counting on cool, humid weather in the coming days to help them better contain a raging wildfire in the heart of Canada’s energy industry and allow them to lift evacuation orders affecting some of the biggest production sites.
Regulators approve pipeline expansion despite objections
Energy regulators have recommended the approval of Kinder Morgan's $5.4billion Trans Mountain oil sands pipeline with the final decision now resting largely with Canada's Prime Minister Justin Trudeau.
Alberta plans reentry to oil-sands town ravaged by wildfires
Albertans who fled the wildfire devastation in the oil-sands community of Fort McMurray can tentatively expect to return in a couple of weeks, while the blaze still rages elsewhere in the region and major production sites remain shut.
Oil sands restart plans thwarted as Alberta fire threat returns
Plans to bring back more than 1 million barrels a day of lost production in Canada’s oil sands are being delayed as wildfires sweeping across northern Alberta threaten operations again, prompting Suncor Energy Inc. to evacuate three sites it was restarting.
Fire nears Enbridge oil-sands tanks; Workers removed from camps
Wildfires raging across northern Alberta for more than two weeks have come to within a kilometer of an Enbridge Inc. oil-sands transportation terminal as warm weather and wind spread the flames, while workers were evacuated from camps north of Fort McMurray.
Wildfire continues to hamper Canada’s oil sands production
The majority of Canada’s oil sands industry has stopped production and will only resume when it is “absolutely safe”, Alberta’s premier said after meeting company officials.
Alberta fire evacuees moved for second time as weather shifts
A massive, raging wild fire has forced the evacuation of three more communities south of Canada’s main oil sands city.