Heavy Oil & Oil Sands Headlines
Feb-9-2010
Indian Firm Reliance: Bid $2 Billion for Alberta Oilsands firm
Today it was announced in the Daily Oil Bulletin that major Indian firm Reliance Industries has signed a $2 billion expression of interest for private Canadian oilsands firm, VCI.
... more... Feb-3-2010
Report: China Looking to Increase Oilsands Exposure
In a report issued today by the Daily Oil Bulletin, China may be looking to further increase their Canadian oilsands investments, now that the Canadian federal government has provided assurances... more... Dec-30-2009
PetroChina's $1.9B Buy in Oilsands Approved
PetroChina has been given the go-ahead by the Canadian government to buy a $1.9-billion stake in a pair of oilsands projects in northeast Alberta. PetroChina is a massive PRC-based petroleum... more... Oct-29-2009
South Korean Giant Buys Into Oil Sands
Korean National Oil Company, a State-owned company, paid $1.8-billion to get a foothold in Alberta's oil sands. The takeover, which must be approved by stakeholders, is expected to double the... more... Sep-4-2009
China: Biggest Oil Sands Investment So Far
PetroChina is making its largest oil sands investment to date - a $1.7 billion investment in the Athabasca Oil Sands' MacKay River and Dover projects. PetroChina is a state-owned enterprise. Given the... more... Jun-29-2009
Exxon Boosts Pipeline to Oil Sands by 50%
In an article published through Bloomberg, Exxon Mobil, the world's biggest oil refiner, has reportedly boosted its capacity to transport crude from the Canadian oil sands to refineries in Texas... more... Apr-2-2009
China Expands Oil Sands Interests
Sinopec has increased its stake in the major Northern Lights bitumen project in northern Alberta, bringing it to 50% ownership. Total Energy, the operator, owns the remaining 50%. The Chinese... more... Mar-27-2009
Oil Sands Giant to Acquire Petro-Can in $15B Deal
Suncor and Petro-Canada have agreed to merge in a $15 billion deal and will continue operating under the Suncor name. The deal is expected to be completed in Q3 2009. This... more... Apr-15-2008
Bitumen Carbonates - The Next Oilsands?
As big money pours into the vast unexploited bitumen carbonate resource in Alberta, some are calling it the next oil sands... This timely article by Pat Roche describes the exciting... more... Oct-19-2006
Oil Sands Production to Triple by 2020: Feds
Production from the Alberta oil sands is expected to triple over the next 15 years, according to a report issued by the Canadian federal government, as reported by Reuters October... more... Oct-2-2006
Statoil Looking at $10 Billion in Oil Sands
Major international petroleum giant Statoil ASA of Norway is looking to secure a piece of the Alberta oil sands, in a strategy which could cost up to $10 billion, according... more... May-8-2006
Shell offers $2.4 Billion for Peace River oil sands company
Another takeover in Alberta's oil sands has been reported, as Shell bid $2.4 billion to acquire junior oil sands producer Blackrock Ventures.
Blackrock's oil sands production exceeds 10,000 bpd, with estimated... more... Mar-14-2006
Chevron: "Will Spend Billions" boosting Oil Sands output
The 2nd largest US oil company will spend "billions" to increase output from its oil sands interests, according to a story written by Ian McKinnon appearing through Bloomberg on March... more... Feb-1-2006
India to Invest $1 Billion in Oil Sands
A top Indian oil dignitary says his country will invest $1 billion in Alberta's oil sands in the next 12 months, according to a story published through Reuters today by... more... Jan-25-2006
60 Minutes Weighs in on Oil Sands: "...so much money to be made"
In a report aired on CBS 60 Minutes this week, Alberta's vast oil sands were presented to viewers worlwide.
According to CBS reporter Bob Simon "...there is so much to scoop,... more... Dec-13-2005
New $10 Billion Oil Sands Project Approved
Husky Energy has won approval for its vast Sunrise oil sands project, as reported in an article appearing today through Reuters.
The Sunrise project could cost $10 billion and produce 200,000... more... Nov-8-2005
EnCana to Expand Oil Sands Output Twelve-Fold
It was announced that $5 billion has been slated by petroleum-giant EnCana for oil sands production development over the coming decade.
In a Reuters story appearing on November 7th by Jeffrey... more... Nov-5-2005
$25 Billion Oil Sands Expansion: Canadian Natural Resources
A dramatic oil sands expansion could cost upwards of $25 billion, according to an article appearing in the Globe and Mail by Dave Ebner on November 3rd.
Canadian Natural Resources announced... more... Oct-16-2005
China Interested in Canadian Oil Sands
In an article published by Associated Press on October 16th, Canada's natural resources minister is reported as saying that China could be importing 400,000 barrels per day from the oil... more... Oct-5-2005
Oil Sands Will Generate $1.4 Trillion Through 2020: CERI
In a study just released by the Canadian Energy Research Institute which forecasts through the year 2020, the oil sands are projected to contribute up to $1.4 trillion to Canadian... more... Sep-26-2005
Possible $1.6 Billion Oil Sands Spinoff in 2006
In an article written by Jeffrey Jones for Reuters on July 20 of this year, it was reported that Husky Energy Inc. will decide in early 2006 if it will... more... Sep-7-2005
Mining Giant Teck Pays $475 Million for Oil Sands Stake
Teck Cominco Ltd. is paying $475-million for part of the Fort Hills oil sands project, whose majority owner is Petro-Canada.
The Fort Hills project is one of the largest undeveloped... more... Sep-2-2005
Energy Giant Hikes Bid for Oil Sands Producer by 24% to $1.5 Billion
French energy giant Total has increased its bid for Canadian oil sands producer Deer Creek Energy Ltd. by 24 per cent to $1.58 billion, through a subsidiary.
Deer Creek says... more... Sep-2-2005
Oil Sands Output Projected to Increase Sixfold by 2030
As reported by Dale Crofts through Bloomberg, Canada may increase its output from Alberta's oil sands sixfold in the next 25 years, according to a government energy adviser. Canada is... more... May-22-2005
Chinese Entry to Oil Sands
In an article appearing in the San Francisco Chronicle by Robert Collier, it is reported that China is pouring money into Alberta's oil sands with speed and precision.
China National Offshore... more... |
