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Latest Albian Sands Stories

2011-05-04 09:00:00

CALGARY, Alberta, May 4, 2011 /PRNewswire/ -- Shell today announced the successful start of production from its Scotford Upgrader Expansion project in Canada. The 100,000 barrels-per-day expansion takes upgrading capacity at Scotford to 255,000 barrels-per-day of heavy oil from the Athabasca oil sands. "This start-up is an important milestone for our heavy oil business," said Marvin Odum, Shell Upstream Americas Director. "And it adds new capacity from an important source of oil in a...

2010-02-02 07:47:00

HOUSTON, Feb. 2 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) today reported fourth quarter 2009 net income of $355 million, or $0.50 per diluted share. In the fourth quarter of 2008 the Company reported a net loss of $41 million, or $0.06 per diluted share. For the fourth quarter of 2009, net income adjusted for special items was $229 million, or $0.32 per diluted share, compared to net income adjusted for special items of $1.025 billion, or $1.44 per diluted share, for...

2010-02-01 07:40:00

HOUSTON, Feb. 1 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) today announced a $5.1 billion capital, investment and exploration budget for 2010, a 17 percent decrease from 2009 capital spending. "Marathon's 2010 capital program will focus on Upstream activity, with an emphasis on the development of sanctioned projects, potentially significant exploration wells and advancing our growing resource plays," said Clarence P. Cazalot, Jr., Marathon president and CEO. "With the...

2009-11-03 07:43:00

HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) today reported third quarter 2009 net income of $413 million, or $0.58 per diluted share. Net income in the third quarter 2008 was $2.064 billion, or $2.90 per diluted share. For the third quarter 2009, adjusted net income was $436 million, or $0.61 per diluted share, compared to adjusted net income of $1.963 billion, or $2.76 per diluted share, for the third quarter of 2008....

2008-08-22 03:00:33

Engineering company Babcock & Wilcox's subsidiary has been awarded a contract by Jacobs Canada as an agent for Fort Hills Energy to supply four modularized boilers and auxiliary equipment. These units will provide utility steam for cogeneration at the mine in the Fort Hills oil sands project and are scheduled to be delivered by April 2010. Fort Hills Energy is the owner of the project which includes the Fort Hills mine and the proposed Sturgeon Upgrader. Brandon Bethards, president...

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2008-03-25 14:00:00

Shell Canada has incorporated Earth Observation data into its Sustainable Development Report, demonstrating the potential of satellites to provide a global and cost-effective way to measure objectively the sustainability of business activities.Companies that aim to create wealth while also contributing to the long-term quality of life and respect for the environment regularly issue environmental audits of their Corporate Sustainable Development (CSD) activities and report on the 'triple...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.