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Both locations will add to Exxon's play in Marcellus Shale in Pennsylvania, which Exxon acquired after last year's purchase of XTO Energy. Kinder Morgan Mark Twain once remarked that a gold rush is a good time to be in the pick and shovel
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Video Orion came with the company's acquisition of Blackrock Ventures in 2006. In 2010, Shell took a $1-billion writedown on the assets, which also included holdings in a region called Seal. According to the Scotia Waterous website, the project
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As the United States gets more oil imported from Canada's oil sands, critics worry that the pipelines that carry it will leak...The United States currently imports over half a million barrels a day of bitumen from Canada's oil sands region, according
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Media Media Media Yet even as the plant opened there was a sense of history in the making. A Report on Business story gushed that synthetic crude will soon flow southward, signalling an invasion of conventional oil markets that could ultimately
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Then came the warnings it might be delayed into the new year...CVE-T says it has no date for wrapping up an oil sands transaction that could bring in, bankers estimate, $1-billion to $3-billion. Yet to those who have worked through the kind of
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Its completion raises Scotford's throughput capacity to 255,000 barrels per day but the cost of the entire expansion project, which also nearly doubled the project's crude mining capabilities, was pegged at $14.3-billion early last year. That was up
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F or the past five years, Royal Dutch Shell PLC RDS.B-N has been digging its Jackpike Mine and building infrastructure around it, such as cooling towers and crushers, all as part of its Athabasca Oil Sands Project that has a current productoin
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ET The Canadian Press It's another hit to the bottom line of Alberta's oilsands industry. Four more major U.S. companies have joined a movement to boycott or at least reduce the use of fuels made from oilsands crude. A haul truck carrying a full load
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Jeff McIntosh/AP The successful development of Canada's tar sands has triggered a rush by Shell and other oil companies to set up similar operations in Russia, Congo and even Madagascar, a new report reveals. Soaring crude prices and an growing
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A report by the Co-operative and WWF UK claims some £250 billion will be invested by major companies in extracting the fossil fuel in Alberta, Canada, by 2025. The organisations, who oppose the projects because of their environmental impact, said
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