Tag: oil sands

Oil producer Nexen cuts workforce by 400

Nexen is a wholly-owned subsidiary of CNOOC Limited, one of China’s major national oil companies.  More »

From Canadian to Californian crude, big carbon differences found

The new oil-climate index delves into the greenhouse gas emissions associated with the wide spectrum of oil produced today — from light, gassy condensate to thick, sludgy bitumen.  More »

Celebrities line up to blast Keystone XL

The singers, filmmakers and actors — including “Revenge” star Emily VanCamp and Dawn Oliveri of “House of Lies” — lay out arguments against the pipeline in a new video.  More »

TransCanada CEO: Other companies watching what happens on Keystone

Midstream energy companies seeking to build pipelines will want more “clarity” about the regulatory process before they plunk down capital for the projects, TransCanada CEO Russ Girling said.  More »

EPA: Oil prices should be part of Keystone XL decision

In a letter to the State Department released Tuesday, the EPA said plummeting crude prices could make the proposed pipeline vital to Canadian oil sands developers.  More »

U.S. shale oil growth hurts Canadians as well as OPEC

A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners.  More »

Senate tees up votes on Keystone XL, exports, climate

The chamber is expected to vote on as many as three amendments to GOP-backed legislation to authorize the TransCanada Corp. pipeline on Tuesday, with more than four dozen other possibilities on the horizon.  More »

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »

Canadian oil firm to cut 1,000 jobs, curb spending

Suncor will also gut its operational expenses by $600 million to $800 million over the next two years.  More »

Shell to cut 5 to 10 percent of 3,000 oil sands jobs

A Shell official characterized the move as unrelated to the drop in commodity prices and intended to keep the company efficient and competitive.  More »

Could negotiation end Keystone XL showdown?

Sen. John Cornyn suggested Wednesday that GOP lawmakers and President Barack Obama could find a middle ground on the controversial pipeline.  More »

Democrats plan Keystone XL counterattack

Republicans are planning an all-out blitz for the Keystone XL pipeline, but Democrats are vowing a vigorous defense.  More »

Canadian heavy oil boosted as Imperial shuts Kearl operation

Operations were suspended after vibrations were detected in an ore crusher unit at the site, the company said in an e-mailed statement.  More »

GOP Chairman: Keystone XL will get approval if Republicans win Senate

Getting approval for TransCanada’s pipeline would be among the top priorities for a Republican-controlled Senate.  More »

Keystone foes energized as price pinches oil sands allure

TransCanada Corp. proposed the pipeline in September 2008 when oil was more than $100 a barrel.  More »
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