October 07 Archive

Marie Lake gives thanks Edmonton Sun - Alberta, Canada - Calgary-based Oilsands Undergound Mining Corp. had been granted permission earlier this year to conduct tests which would have included firing of loud air ...

Suncor Energy Inc announces oil sands production numbers for ... Trading Markets (press release) - Los Angeles, CA, USA - Year-to-date oil sands production at the end of September averaged approximately 230000 bpd, according to the company. The company said it is targeting ...

Enbridge says royalties not main oil sands issue Reuters - USA - TO: Quote, Profile, Research) said on Wednesday that proposed higher royalties and taxes for oil sands projects in Alberta are unlikely to be the deciding ...

Edmonton cashes in on oilsands sector Business Edge - Calgary, Alberta, Canada - Part of its growing oilsands role has seen the city become the new home to the annual Oil Sands Trade Show and Conference, which was held in Fort McMurray ...

Posted by EditorsChoice PR-GB.com (press release) - Sofia, Bulgaria - Crude oil only makes up a tiny percentage of the oil in the ground. Most is a more solid oil that comes in the form of oil sands and oil shales. Oil sands ...

Pipeline capacity industry concern Business Edge - Calgary, Alberta, Canada - By Laura Severs - Business Edge The 2007 edition of the Oil Sands Trade Show and Conference, described as the world's largest gathering of oilsands ...

UPDATE 1-Fire cuts Suncor oil sands production by 65000bpd Reuters UK - UK - TO: Quote, Profile, Research) said production at its oil sands project near Fort McMurray, Alberta, was cut by 65000 barrels per day, to 175000 bpd, ...

Albertastan: Back Off Royalty Jump Recommendations Canada.com - Hamilton, Ontario, Canada - "The panel is proposing 64% for the oil sands after they get all their money out which matches what Alaska gets. The big difference is that oil companies in ...

Seeking royalty balance Edmonton Sun - Alberta, Canada - Most are far more expensive than even the tar sands. Wind, solar, hydrogen, pick any one of them and look for the subsidies that allow them to be ...

Forget Your Silver Bullet EV World (subscription) - Papillion, NE, USA - The Task Force sees the rationale for encouraging the development of tar sands, shale oil, heavy crude, coal-to-liquid and EOR using captured CO2 being ...

Quiet fortune makes noise in oil Globe and Mail - Canada - They got in on the ground floor of major energy plays, both conventional and in the Alberta oil sands. Canada's quietest money is suddenly making noise, ...

The brewing fight over oil sands taxes Macleans.ca - Canada - Perhaps it was inevitable, given the number of Newfoundlanders flowing into Alberta in the last few years to work the oil sands. Still, it was a little odd ...

Beyond royalty hysteria Canada.com - Hamilton, Ontario, Canada - In Alaska, oil companies pay a royalty right from the start," he said. "This is important to understand and makes the oil sands is far more favourable than ...

Paved with dubious intentions Toronto Star - Ontario, Canada - Like jet skis, the oil sands mines are a classic example of a harmful technology that should never have been created but was, simply because it could be, ...

Alaskan solution instructive as Alberta re-examines royalty rates Edmonton Journal - Edmonton, Alberta, Canada - Well, let's have a look at Calgary-based EnCana, Canada's biggest gas producer and first company to threaten to cut its investment in the oilsands by $1 ...

Big investors concerned about Alberta royalties proposal National Post - Canada - In aa private letter to the government this week it warned a proposed super-royalty on oilsands production "dramatically erodes the value of many oilsands ...

Industry attacks Alberta oil royalty plan Euro2day - Greece - The proposals include raising royalties on profitable oilsands projects from 25 per cent of net revenue to 33 per cent, along with a new tax on the ...

Paved with dubious intentions Toronto Star - Ontario, Canada - Like jet skis, the oil sands mines are a classic example of a harmful technology that should never have been created but was, simply because it could be, ...

Major investors press Alberta on royalties Globe and Mail - Canada - ConocoPhillips has a large oil sands joint venture with EnCana Corp., and both firms are worried that a proposed new tax in the oil sands makes some of ...

Smaller oilpatch players join big oil in fighting royalty increases The Canadian Press - CALGARY - Unsure of how Big Oil's procession of multibillion-dollar warnings is weighing on Alberta Premier Ed Stelmach, small energy players appear ready ...

Royalty debate needs really good airing Edmonton Journal - Edmonton, Alberta, Canada - POINT: The cost of building and operating oilsands has increased steeply. Raising oilsands royalties now will stymie investment. ...

Conoco weighs in on royalties Edmonton Sun - Alberta, Canada - This time, it's ConocoPhillips Canada warning it will cut $500 million of its oilsands and gas operations slated for 2008 while indefinitely postponing $8 ...

Beyond royalty hysteria Canada.com - Hamilton, Ontario, Canada - Alberta oilsands versus Alaska heavy oil: "The panel is proposing 64% for the oilsands after they get all their money out, which matches what Alaska gets. ...

Northern Alberta reserve taking province to court over oilsands Canoe.ca (subscription) - Canada - The lawsuit also seeks a halt to the Alberta regulator's approval of Shell's Carmon Creek project -- the first major development in the Peace River oilsands ...

Royalty increase blasted Petroleum News - USA - It didn't take long for the pot to boil over on recommendations to raise Alberta's royalties for oil, natural gas and oil sands development, with one major ...

It's not just Alberta, it's the whole country Globe and Mail - Canada - The investigative reporter starts off with a curious yet true story about plans to nuke the tar sands, the world's second-largest source of oil after Saudi ...

Enbridge says royalties not main oil sands issue Reuters Canada - Toronto, Ontario, Canada - TO: Quote) said on Wednesday that proposed higher royalties and taxes for oil sands projects in Alberta are unlikely to be the deciding factor in whether ...

Dithering won't cut it with Albertans Edmonton Sun - Alberta, Canada - By NEIL WAUGH That is, jack up royalty rates substantially not only in high-volume oil and gas wells but the oilsands as well. Because any foot-dragging ...

Woodland Cree file lawsuit against Alta oilsands leases Canada East - Canada - Woodland Cree Chief William Whitehead said Tuesday that his community has grave concerns about environmental degradation from large oilsands projects. ...

ConocoPhillips Latest To Complain About Royalty Report 770chqr.com - Calgary, Canada - Meyers also says oilsands projects worth $8 billion planned for the next three years would have to be postponed if the government accepts the report's ...

Enbridge back-pedals on royalties Edmonton Sun - Alberta, Canada - "The oil and gas industry is risky - industry costs are increasing dramatically and the return on investment, especially in the oilsands, is marginal. ...

PRESS DIGEST - Canada - Oct 5 Reuters - USA - ... who will also face the threat of a weakening US economy - Wall Street to Alberta: Don't be "so stupid" on oilsands royalty changes Continued...

Edmonton cashes in on oilsands sector Business Edge - Calgary, Alberta, Canada - Part of its growing oilsands role has seen the city become the new home to the annual Oil Sands Trade Show and Conference, which was held in Fort McMurray ...

Suncor Energy Inc announces oil sands production numbers for ... Trading Markets (press release) - Los Angeles, CA, USA - Year-to-date oil sands production at the end of September averaged approximately 230000 bpd, according to the company. The company said it is targeting ...

Albertastan: Back Off Royalty Jump Recommendations Canada.com - Hamilton, Ontario, Canada - "The panel is proposing 64% for the oil sands after they get all their money out which matches what Alaska gets. The big difference is that oil companies in ...

Enbridge says royalties not main oil sands issue Reuters - USA - TO: Quote, Profile, Research) said on Wednesday that proposed higher royalties and taxes for oil sands projects in Alberta are unlikely to be the deciding ...

Posted by EditorsChoice PR-GB.com (press release) - Sofia, Bulgaria - Crude oil only makes up a tiny percentage of the oil in the ground. Most is a more solid oil that comes in the form of oil sands and oil shales. Oil sands ...

UPDATE 1-Fire cuts Suncor oil sands production by 65000bpd Reuters UK - UK - TO: Quote, Profile, Research) said production at its oil sands project near Fort McMurray, Alberta, was cut by 65000 barrels per day, to 175000 bpd, ...

Pipeline capacity industry concern Business Edge - Calgary, Alberta, Canada - By Laura Severs - Business Edge The 2007 edition of the Oil Sands Trade Show and Conference, described as the world's largest gathering of oilsands ...

Canadian Pacific Bets on Energy Wall Street Journal - USA - ... plans in May to put new tracks into Alberta's oil-sands processing area, where vast reserves of a tar-like substance are tapped to make synthetic crude. ...

CIBC economist sees $100 oil in 2008 CNNMoney.com - USA - Says big exporting countries, such as Mexico, will use more and more of their own oil; the difference will be made up from expensive tar sands. ...

Energy, Oil and Gas Nigerian Tribune - Ibadan, Nigeria - Non-renewable sources include fossil fuels (Petroleum and Natural Gas, Oil Shale and Tar Sands, Coal and Lignite). Sources of renewable energy consists ...

Oil on the slide Guardian Unlimited - UK - Industry projections show production from the tar sands adding just 2.5mbd by 2015. This figure, included in the projections of overall peak oil above, ...

Enbridge says pipeline space adequate for new oil Reuters UK - UK - TO: Quote, Profile, Research) said on Wednesday it won't need to ration space on its pipelines even as output from new oil sands projects floods into the ...

Crescent jumps on anti-royalty bandwagon Globe and Mail - Canada - While industry is slowly accepting the fairness of higher rates in the oil sands, anger remains palpable on what is called the conventional side of the ...

'Why not nuke Alberta?' Macleans.ca - Canada - Half a century ago, scientists seriously considered using nuclear bombs to extract petroleum from the Alberta oil sands. As it began, so it continues, ...

UPDATE 1-Suncor says returning to full output after fire Reuters - USA - TO: Quote, Profile, Research) said on Wednesday it expects to return to full output at its Alberta oil sands project by the weekend after a fire on Tuesday ...

Alberta should be collecting a lot more money Straight Goods - Golden Lake, ON, Canada - Although this move would increase Alberta's total share (royalties and taxes) of tar sands revenues by some 40 percent, it would still leave the province ...

Debate a real gusher Edmonton Sun - Alberta, Canada - Construction expenses, commodity prices and profit margins will be bigger factors on oilsands development, said Bird. But in an open letter to Premier Ed ...

Refinery touted to boost Peace oilsands Edmonton Journal - Edmonton, Alberta, Canada - EDMONTON - A proposed $2.5-billion refinery in northwestern Alberta will kick-start development in the largely overlooked oilsands around Peace River, ...

Petro-Can bashes 'flawed' royalty report Fort McMurray Today - Fort McMurray, Alberta, Canada - That project, the most expensive in oilsands history at over $30 billion in total. He also fell short of suggesting an actual percentage of royalty ...

If Albertans want it all, oil sands must pay Globe and Mail - Canada - Should you boo the oil sands CEOs, who pay too little? Or jeer the provincial politicians, who spend too much? Ed Stelmach, Alberta's rookie premier, ...

Economics pegged as a solution for oilsands water depletion The Gateway - Edmonton, Alberta, Canada - Oil Sands Development and Water Use in the Athabasca River-Watershed, said that the oilsands are exacerbating the effects of climate change. ...

UPDATE 1-Syncrude Canada output cut after unit outage Reuters UK - UK - CALGARY, Alberta, Oct 1 (Reuters) - A key processing unit at the Syncrude Canada Ltd. oil sands operation in Alberta has gone off line, cutting output at ...

Lexington Energy subsidiary secures shallow gas drilling contract CNNMoney.com - USA - "Having these rigs and their crews operational before the peak oil sands season will only add to Lexcore's ability to drill safer and outperform our ...

Eye on Canadian Oil Sands Trust Seeking Alpha - New York, NY, USA - Canadian Oil Sands Trust (COSWF.PK) owns 36.74% of Syncrude, Ltd, one of the largest and most developed oil sands operations in Canada. ...

America's top oil suppliers tightening taps on exports: CIBC World ... CNNMoney.com - USA - "Canada's oil sands will become increasingly coveted as they represent one of the last great reserves of supply open to private investment," says Mr. Rubin. ...

Suncor Energy Extinguishes Oil Sands Fire OilVoice (press release) - UK - As a safety precaution, Suncor Energy is restricting access to its oil sands facility today because of emissions and fumes that were released following an ...

Alberta Natives Sue to Block Shell Oil Sands Project (Update1) Bloomberg - USA - Rising oil prices are spurring companies including Shell and Suncor Energy Inc. to spend billions to extract oil from Alberta's tar sands. ...

Royalty Review much anticipated document Central Peace Signal - Rycroft, Alberta, Canada - Most of this would come from the oil sands production in northeastern Alberta. Plus, the review board indicated that a new severance tax should be levied ...

A history written in sand Edmonton Journal - Edmonton, Alberta, Canada - EDMONTON - Workers at the first Alberta oilsands complex, which has its 40th birthday Sunday, boiled their spirit down into a vivid pioneer motto. ...

Suncor Energy reports oil sands production numbers for September 2007 Canada NewsWire (press release) - Canada - CALGARY, Oct. 4 /CNW/ - Suncor Energy Inc. reported today that production at its oil sands facility during September averaged approximately 282000 barrels ...

Alberta's gas sector digs in its heels on royalties Globe and Mail - Canada - While the oil sands receive much of the attention inside and outside Alberta, it is natural gas production that drives the province's economy. ...

ENERGY: Suncor's October production could be affected following ... Alberta Index - Calgary, Alberta, Canada - ... Energy and Utilities Board (EUB) are investigating a fire that occurred at the company's oil sands mine located 25 k north of Fort McMurray on Tuesday. ...

Enbridge Clarifies Royalty Review Remarks CNNMoney.com - USA - The oil and gas industry is risky; industry costs are increasing dramatically, and the return on investment, especially in the oil sands, is marginal. ...

Two more big oil firms add dire warnings of royalty increases The Canadian Press - The company, which is spending $2 billion this year on its conventional and oilsands assets in Alberta, didn't specify how much money it would cut from its ...

Phoenix expands wingspan in 'berta patch Today's Trucking News - USA Phoenix Oilfield Hauling, one of the fastest growing oilsands service providers in Alberta, has acquired all of the operating assets of Marcels Truck ...

Grandma vs. the Oil-Sands Mine E/The Environmental Magazine - Norwalk,CT,USA After touring an oil-sands operation in Canada, Moore returned to her home in Colorado and began researching the mining process. Eventually, she spent $3600 ...

Enbridge says pipeline space adequate for new oil Reuters UK - UK - TO: Quote, Profile, Research) said on Wednesday it won't need to ration space on its pipelines even as output from new oil sands projects floods into the ...

UPDATE 1-Suncor says returning to full output after fire Reuters - USA - TO: Quote, Profile, Research) said on Wednesday it expects to return to full output at its Alberta oil sands project by the weekend after a fire on Tuesday ...

'Why not nuke Alberta?' Macleans.ca - Canada - Half a century ago, scientists seriously considered using nuclear bombs to extract petroleum from the Alberta oil sands. As it began, so it continues, ...

Crescent jumps on anti-royalty bandwagon Globe and Mail - Canada - While industry is slowly accepting the fairness of higher rates in the oil sands, anger remains palpable on what is called the conventional side of the ...

Crescent Point Energy says it will shift spending from Alberta ... The Canadian Press - His annual report says the royalty holiday for new oilsands projects achieved its objectives years ago, so current royalty estimates have fallen below the ...

Speak with other shareholders about: (NYSE: LUM), (PINKSHEETS ... TransWorldNews (press release) - Monroe, GA, USA - Great Northern Oilsands Inc., President and CEO said: "We are very excited about the results to date and look forward to more positive results as we drill ...

Tristone CEO sees lower gas output if cost rises Edmonton Journal - Edmonton, Alberta, Canada - A $2-billion revenue increase resulting from last month's panel suggestions for higher royalties and a new tax on oil-sands production would be wiped out ...

September in Review The Dominion - Sackville, New Brunswick, Canada - The Globe and Mail reported that the tar sands were facing a "capacity squeeze" due to insufficient pipeline space to carry increased production of oil. ...

If Albertans want it all, oil sands must pay Globe and Mail - Canada - Should you boo the oil sands CEOs, who pay too little? Or jeer the provincial politicians, who spend too much? Ed Stelmach, Alberta's rookie premier, ...

Lexington Energy subsidiary secures shallow gas drilling contract CNNMoney.com - USA - "Having these rigs and their crews operational before the peak oil sands season will only add to Lexcore's ability to drill safer and outperform our ...

UPDATE 1-Syncrude Canada output cut after unit outage Reuters UK - UK - CALGARY, Alberta, Oct 1 (Reuters) - A key processing unit at the Syncrude Canada Ltd. oil sands operation in Alberta has gone off line, cutting output at ...

Economics pegged as a solution for oilsands water depletion The Gateway - Edmonton, Alberta, Canada - Oil Sands Development and Water Use in the Athabasca River-Watershed, said that the oilsands are exacerbating the effects of climate change. ...

America's top oil suppliers tightening taps on exports: CIBC World ... CNNMoney.com - USA - "Canada's oil sands will become increasingly coveted as they represent one of the last great reserves of supply open to private investment," says Mr. Rubin. ...

Alberta Natives Sue to Block Shell Oil Sands Project (Update1) Bloomberg - USA - Rising oil prices are spurring companies including Shell and Suncor Energy Inc. to spend billions to extract oil from Alberta's tar sands. ...

Royalty Review much anticipated document Central Peace Signal - Rycroft, Alberta, Canada - Most of this would come from the oil sands production in northeastern Alberta. Plus, the review board indicated that a new severance tax should be levied ...

Eye on Canadian Oil Sands Trust Seeking Alpha - New York, NY, USA - Canadian Oil Sands Trust (COSWF.PK) owns 36.74% of Syncrude, Ltd, one of the largest and most developed oil sands operations in Canada. ...

Suncor Energy Extinguishes Oil Sands Fire OilVoice (press release) - UK - As a safety precaution, Suncor Energy is restricting access to its oil sands facility today because of emissions and fumes that were released following an ...

Economics pegged as a solution for oilsands water depletion The Gateway - Edmonton, Alberta, Canada - Climate change and the oilsands are drying up the Athabasca River in northern Alberta, but it can be countered using the market, according to two University ...

Michael Unick: Stelmach Should Protect Net Income And Investor Trust Nickle's Energy Group - Calgary, Canada - Also, the panel rejected grandfather-type protection of the royalty regime for oilsands projects that are in progress. "Investors have committed billions of ...

First Nation Challenges Alberta's Policy on Oil Sands Tenures and ... Market Wire (press release) - USA - ... legal and constitutional duty to consult with First Nations on oil and gas tenures, and specifically those relating to oil sands development projects. ...

Trade Relations With Canada From An Insider's View The Metropolitan Coporate Counsel - Mountainside, NJ, USA - Giffin: I believe that Canada's energy resources, certainly the oil sands, are a material part of Canada's prospect for growth, but Canada has some ...

Alberta within rights to raise royalties, says law professor Globe and Mail - Canada - The one exception, noted by the panel and Mr. Bankes, are Suncor Energy Inc. and Syncrude Canada Ltd., the oldest and biggest oil sands producers that have ...

Oil sands firm says underground bitumen production could cut GHG ... Ecolog.com (subscription) - Toronto, Ontario, Canada - OSUM's underground process is a variation of the surface-based steam-assisted gravity drainage (SAGD) method now commonly used throughout the oil sands. ...

Canadian Oil Sands:Interruption In Operation Of Syncrude Coker CNNMoney.com - USA - Calgary's Canadian Oil Sands Trust (COS.UN.T) reported that production from Syncrude's Coker 8-3 was interrupted on Sunday as a result of an operational ...

A High-Powered Legal Team For Canada's Growing Energy Sector The Metropolitan Coporate Counsel - Mountainside, NJ, USA - Alberta's established oil reserves are second only to Saudi Arabia. Oil sands bitumen and synthetic crude oil are projected at 80% of Alberta's production ...

Saving the Golden Goose Nickle's Energy Group - Calgary, Canada - Oil sands megaprojects are an important contributor to Alberta's economy, and the provincial government must proceed carefully to ensure that approved and ...

EnCana issues royalty warning Globe and Mail - Canada - EnCana, North America's largest natural gas producer and a growing oil sands operator, said it is in favour of a balanced conclusion on royalties. ...

Big, bad oil in all its glory Canada.com - Hamilton, Ontario, Canada - It even went so far as to spend $350000 to buy an atomic bomb from the United States government for what the company came to call "Project Oil Sands. ...

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