Oil Sands – Page 288 – Oil & Gas 360

Oil & Gas 360 Gov. Hickenlooper interview

Hickenlooper: We Need One Set of Regional Oil & Gas Regulations for the Western States

April 15, 2015

An OAG360® Exclusive: Interview with John Hickenlooper, Governor of Colorado Listen to the interview Colorado enjoys robust energy development as an integral piece of its economy. It’s the seventh most productive oil state, sixth in natural gas production and it’s eleventh in the U.S. for coal production. According to the Business Research Division of the Leeds School of Business at

New Oilsands Production Comes Online

March 13, 2015

Husky Energy announces first production of its Sunrise Energy Oilsands Project Husky Energy (ticker: HSE) announced Wednesday that oil production at the Sunrise Energy Project in northern Alberta has begun. Sunrise is located about 37 miles northeast of Fort McMurry with 3,700 MMBO of 3P reserves, according to the company. Steam operations at the project began in December 2014. Total

Shell Retracts Application for Oilsands Mine

February 23, 2015

The oil major withdrew an application for its Pierre River Mine, may reapply ‘when the time is right’ Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The company said it made this decision in order to focus its attention on its existing oil sands operations. The project

EIA: North America Pacing the World in Tight Oil, Shale Gas Development

February 13, 2015

The United States and Canada are the only two countries in the world to commercially produce both shale gas and tight oil, the Energy Information Administration said on February 13, 2015. Two other countries, China and Argentina, are the only other nations to extract resources from shale, but both are exclusively producing one of the two hydrocarbons. Russia and Australia

Canadian Oilsands — the Doorway to Europe Opens

February 13, 2015

For Some Color on this Development, Oil & Gas 360® Interviewed Export Canada Economist Stuart Bergman Earlier this month, the European Parliament decided to reverse an earlier decision that labeled Canadian oilsands crude as “dirty oil,” removing barriers to refiners in the E.U. to import bitumen from Canada. For insight on what this decision means for Canada, Stuart Bergman, Assistant

Canada Oilsands: Coming Soon to Europe

February 9, 2015

Decision by the European Union allows for sale of Canadian oilsands crude in the Eurozone The European Union will now officially treat oilsands crude the same as oil from elsewhere in the world, after finalizing the decision on Friday, February 6, 2015. The European Parliament voted in December to remove restrictions from importing Canadian oilsands, which was accepted without amendments

Southern Pacific Seeks Creditor Protection

January 22, 2015

Southern Pacific becomes first E&P in oil sands to seek creditor protection Southern Pacific Resource Corp. (ticker: STP), based out of Calgary, Alberta, Canada, announced yesterday that it has obtained creditor protection under the Companies’ Creditors Arrangement Act (CCAA). CCAA protection prevents creditors and others from enforcing rights against the company and affords STP the opportunity to restructure its financial

DNB Sees Bullish Signals in the Shale Patch - Oil & Gas 360

BP, Husky Oil Sands JV Starts Operations

December 15, 2014

Partners BP and Husky expect oil from Sunrise Energy Project by Q1 of next year On December 11, Husky Energy (ticker: HSE) announced that it has commenced steam operations at its Sunrise Energy Project, a joint venture (JV) with BP (ticker: BP), in the northeast Alberta oil sands. Husky is the operator of Sunrise and has a 50% working interest

House Approves the Keystone XL Pipeline, but will it Really Matter?

November 14, 2014

While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they include the Keystone XL pipeline? The House of Representatives approved the Keystone pipeline earlier today by a count of 252-161, with

Oil & Gas 360® Looks at Canada’s E&Ps – Part One

November 10, 2014

Canada is home to a large number of public companies that are developing hydrocarbon resources on both sides of the border. In this series, Oil & Gas 360® takes a closer look at some of the promising operators in Canada’s E&P space. Canada’s Economy Canada’s GDP growth has outperformed the U.S. in four of the past five years, and growth of

EIA Reports Record High Crude Oil Exports

November 3, 2014

Re-exporting Canadian Oil through U.S. According to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July. The EIA reported that the United States exported 401,000 BOPD in July, marking the second highest monthly export volume since the EIA started publishing data in 1920. Due to current U.S. crude

Canada’s Oil Sands Crude will Reach Gulf Coast Without Keystone XL: Jim Prentice

November 3, 2014

By Bloomberg Nov. 3, 2014 Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said. Developers of Alberta’s oil sands can use trains to reach the world’s largest refining market or the Energy East conduit to Canada’s Atlantic coast that TransCanada Corp. (TRP) is also proposing, Prentice

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