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Alberta Oil and Gas Industry News |
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B.C. oil spill shows conflict between old
and new
Posted on: July 31, 2007 |
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As Canadian cities grow further and further
into their outskirts, once far-flung
industrial sites are now snuggled up with
new residential neighbours and as last
week's pipeline rupture near Vancouver
shows, co-existence is sometimes uneasy.
Urbanization has meant some industries shut
down and move, the land reclaimed for more
homes. |
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Alberta building unions threaten oil sands
strike
Posted on: July 31, 2007 |
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CALGARY, Alberta (Reuters) - Five Alberta
construction unions have voted in favor of
their first strike in a quarter of a century
as they seek higher wages and improved
working conditions at a slate of
multibillion-dollar oil sands projects.
Electricians, boilermakers, plumbers and
pipefitters, millwrights, and refrigeration
mechanics have approved a strike and 72-hour
notice could be served as soon as Wednesday,
though a quick walk-off is not yet certain,
an analyst said. |
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Shell to Build New Oil Plant for Up to C$27
Billion
Posted on: July 31, 2007 |
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July 30 (Bloomberg) -- Royal Dutch Shell
Plc, Europe's biggest oil company, said its
Canadian unit is seeking to build a new
plant for as much as C$27 billion ($25
billion) to process bitumen from Alberta's
oil sands. The Scotford Upgrader 2 Project,
to be located next to existing facilities
near Fort Saskatchewan, Alberta, will be
built in four phases with a capacity of
100,000 barrels a day each, Calgary-based
Shell Canada Ltd. said in an application to
provincial regulators on its Web site today.
Construction may start as early as 2009.
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From the Ground to the Pump - Alberta Oil
Posted on: July 11, 2007 |
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HARDISTY - On a breezy summer day in eastern
Alberta, Jim Kovacich, with Windale Oilfield
Services, oversees a crew on its sixth day
of reworking an old pump jack that's seen
better days. The sour smell of oil permeates
the muddy site, and signs warning of
hydrogen sulphide are plastered on several
fences. Keep downwind, Kovacich says, half
joking. Pump jacks riddle the countryside in
this hilly region of Alberta where the sandy
terrain is more useful for grazing cattle
than growing crops. |
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Risky business
Posted on: July 11, 2007 |
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Economists, scientists and politicians
around the world and at home have told us
that climate change can be tackled if we
figure out a way to capture massive volumes
of carbon dioxide and store it underground.
Former U.S. vice-president and environmental
crusader Al Gore says it's part of the
solution. So does Tim Flannery, author of
the global warming book The Weather Makers,
and British economist Sir Nicholas Stern. |
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Oil sands no quick fix as Big Oil leaves
Venezuela
Posted on: July 11, 2007 |
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CALGARY, Alberta (Reuters) - For Exxon Mobil
Corp. (XOM.N: Quote, Profile, Research) and
ConocoPhillips (COP.N: Quote, Profile,
Research) it may appear simple: shift
efforts, people and resources to Canada's
oil sands now that the oil majors have
retreated from Venezuela. In reality, it's
no simple matter. |
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Suncor's oil sands workers ratify 3-year
deal
Posted on: July 11, 2007 |
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CALGARY, Alberta (Reuters) - Workers at
Suncor Energy Inc.'s (SU.TO: Quote) Alberta
oil sands operation have ratified at
three-year labor agreement that includes
large wage hikes and a lump-sum payment, the
company said on Thursday. Suncor, which runs
the second-largest oil sands mining
business, said the Communications Energy and
Paperworkers union members won pay increases
of 7 percent in the first year and 6 percent
in each of the following two years. |
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Oil riches can bring a
soft life on the Rock
Posted on: July 3, 2007 |
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In Alberta's oil patch, a couple we'll call
Oscar and Peggy work for big companies and
earn big incomes. Oscar, an engineer, is 55.
Peggy, who works in health care, is 51. Last
year, their incomes totalled $228,000. Their
children are grown, they have no debts, and
they have almost $1.25-million in assets.
They have sold their Alberta house and are
planning a move back east to Newfoundland. |
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First stage of Petro-Can oil sands project
to hit $14.1B
Posted on: July 3, 2007 |
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CALGARY - The first phase of Petro-Canada's
Fort Hills oil sands project in Alberta is
expected to cost $14.1 billion, an amount
the company hopes to keep in check by
staggering the start-up of the project's
various parts, it said yesterday. Petro-Canada
and its Fort Hills partners are wrestling
with a tight labour supply in Alberta and
surging materials costs as the world's oil
industry rushes to develop the oil sands. |
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Husky to review needs
for Ohio refinery, CEO says
Posted on: June 27, 2007 |
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CALGARY, Alberta, June 27 (Reuters) - Husky
Energy Inc. (HSE.TO: Quote, Profile,
Research) will take half a year to determine
how much retrofitting is needed at the Lima,
Ohio, refinery it's buying from Valero
Energy Corp. (VLO.N: Quote, Profile,
Research) for $1.9 billion, the company's
chief executive said on Wednesday. Speaking
to Reuters after shareholders approved a
share split, John Lau said Husky will start
an extensive review of the 165,000
barrel-a-day refinery's operations when the
deal closes next week. |
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US demand for Canadian
oil seen doubling in 8 yrs
Posted on: June 27, 2007 |
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CALGARY, Alberta, June 25 (Reuters) - U.S.
demand for Canadian oil is expected to
double in the next eight years, and domestic
use could jump 44 percent as Alberta's oil
sands output surges, the Canadian oil
industry's main lobby group said on Monday.
However, that production growth could be
tempered by the same problems that have
plagued the oil sands industry throughout
this decade -- labor shortages and inflation
in the cost of materials like steel, the
Canadian Association of Petroleum Producers
said. |
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Emerald Bay provides
optimization update and plan for summer
drilling program
Posted on: June 27, 2007 |
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CALGARY, Emerald Bay Energy Inc. (TSX
Venture: EBY) today reported on recent
activities. Emerald Bay's activities in the
second quarter have focused on production
optimization at Twining, Dorenlee, and
Clive, Alberta. Despite weeks of weather
related delays throughout the Alberta Oil
Patch, and based on early testing results,
it is anticipated that the optimizations at
Twining, Dorenlee, and Clive will add 50 to
75 BOE/day to the Company's current
production of approximately 200 BOE/day. |
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Statoil completes
acquisition of North American Oil Sands
Posted on: June 27, 2007 |
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98 % of the NAOSC shares have been validly
deposited to the Offer. Statoil Canada
Limited has taken up all such shares and
will pay for such shares on or before June
28, 2007. Statoil Canada Limited has also
exercised its statutory rights of compulsory
acquisition under the Business Corporations
Act (Alberta) to acquire the remaining NAOSC
securities that were not deposited to the
Offer. |
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China leases a bit of
Alberta's oil patch
Posted on: June 22, 2007 |
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EDMONTON -- In a possible first step toward
becoming a producer of Canadian crude, the
Chinese National Petroleum Corp., China's
largest oil company, revealed yesterday that
it has acquired some land in Alberta, with
the intention to eventually develop an oil
sands project if possible. CNPC, the largest
of China's state-run oil companies, said it
won 11 blocks in a Crown Land Lease sale
held by the Alberta government in 2006, with
the land being awarded to the company in
early January 2007, said Zhang Xin,
director-general of external affairs at CNPC. |
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