Royal Dutch Shell plc may have been a motivated seller earlier this year unloading its upstream oilsands assets, but the global company has no interest in getting rid of one facility with a competitive advantage that is directly tied to the trucks and shovels running north of Fort McMurray.
While solvent injection or co-injection with steam is viewed as “the next substantial step” for the oilsands industry to improve efficiency, reduce GHG emissions and increase recovery, the pace of development has been slow “due to a hesitation to push too aggressively, given the capital outlays and uncertainty on the economics,” particularly in current market conditions, according to analysts with Peters & Co Limited.
There has been much talk in Alberta about regulatory gridlock and the need for streamlining, and Imperial Oil Limited’s proposed Aspen oilsands project offers an example of just how long the process can drag on.
Canadian National Railway Company will take a bit of a “growth pause” when it comes to crude-by-rail, as the company looks for a more attractive spot market entry point when it has built up incremental capacity.
New data on Montney and Marcellus producers in North America demonstrates why the two formations are among the most popular unconventional basins of recent times, according to a report authored by the DOB and CanOils.
Sayer Energy Advisors has been engaged to assist Canamax Energy Ltd. (“Canamax” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Brazeau River and Grande Prairie areas of Alberta.
Syncrude Canada Ltd. is seeking approval to infill the remaining section of a creek valley north of the existing Aurora Fort Hills overburden dump and south of the lease boundary with the Fort Hills Energy Limited Partnership.
Traverse Energy Ltd. has successfully closed the first tranche of its previously announced non-brokered private placement of common shares issued on a flow through basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada).
RMP Energy Inc. announced a capital expenditures program of approximately $25 million, to be invested at its Elmworth asset base for this upcoming winter drilling season (present through to April 30, 2018).
TransCanada Corporation has entered into an agreement to sell its Ontario solar portfolio comprised of eight facilities with a total generating capacity of 76 megawatts to Axium Infinity Solar LP, a subsidiary of Axium Infrastructure Canada II Limited Partnership, for approximately $540 million.
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