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Tag Archives: oil sands
The price of oil is on the rise amid speculation that demand is strengthening, curbing a supply surplus.
Despite the price of oil hovering around $50/barrel, Suncor announced that its Fort Hills project will go ahead. Suncor will spend ~$1.6B on the project and expects to be producing by the end of 2017. Fort Hills is ~90km north … Continue reading
Having trouble keeping track of the multitude of factors affecting the price of oil and the buzzwords associated with them? We are too. Here’s an quick little Encyclopedia of terms relating to
Despite lower oil prices, Imperial Oil ltd is pushing ahead with projects. If the price of oil stays in the ~$50 price range, we may start to see a lot more mergers/acquisitions as large companies with huge cash reserves pick … Continue reading
Just as we saw during the recession in ’08 & ’09, a slower-paced Fort McMurray will give the city a chance to catch up with infrastructure, give the province more time to twin Highway 63, give developers time to expand … Continue reading
OPEC’s Secretary-General Abdulla al-Badri sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. What he’s stating is that as the world slows its investments in oil production, something we’re intimately … Continue reading
Ottawa approves $15B Chinese takeover of Nexen . Amid much controversy, it’s now official that the China National Offshore Oil Company has purchased Nexen. Ottawa also approved Malaysian state-owned company Petronas $6 billion purchase of Alberta’s Progress Energy.
Generating for Seven Genrations is proposing an alternative to the much-debated pipelines – A railway from the oilsands to Alaska.