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Last updated on April 21, 2014 at 5:21 EDT

Latest Oil sands Stories

2014-04-10 12:22:56

Company's carbon capture technology performance significantly exceeds conventional technology in industrial testing; project ready for field pilot phase TSX-V: CSTOutstanding Shares: 79,687,836 QUEBEC CITY, April 10, 2014 /CNW/ - CO(2) Solutions Inc. (TSX-V: CST), a leading innovator in the field of enzyme-enabled carbon capture technology, today announced that it has exceeded the second set of technical performance milestones for its oil sands project. CO(2) Solutions patented...

2014-04-01 20:20:44

Early payment reduces interest costs CALGARY, April 1, 2014 /PRNewswire/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has prepaid its US$2.7 billion partnership contribution payable to WRB Refining LP of which Cenovus is a 50% owner. This resulted in a net cash payment of approximately US$1.35 billion from Cenovus. With the creation of WRB Refining in 2007, Cenovus's U.S. partner, Phillips 66, contributed the Wood River and Borger refineries and Cenovus contributed a note...

2014-03-20 16:23:34

Production capacity expected to reach 180,000 bbls/d CALGARY, March 20, 2014 /PRNewswire/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has received approval from the Alberta Energy Regulator (AER) for its 100%-owned Grand Rapids thermal oil sands project. The proposed project is located approximately 300 kilometres north of Edmonton, within the company's Greater Pelican Region in northern Alberta. Grand Rapids is expected to have production capacity of 180,000 barrels per day...

2014-03-19 23:31:33

Concerned that the World Economic Forum, the IMF - International Monetary Fund, and World Bank documents do not reflect recent evidence that global warming stopped 16+ years ago before Kyoto was ever implemented, Friends of Science have launched a digital campaign on a massive superboard at the Calgary Airport - YYC to welcome them...if they come. The World Economic Forum on climate change and energy was slated to arrive in Calgary to confer in beautiful Lake Louise April 24-25, but recent...

2014-03-17 16:21:53

CALGARY, March 17, 2014 /PRNewswire/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that following a thorough review the Company has suspended activity on its current Tamarack oil sands project. Ivanhoe's decision is based on the uncertainty that there is no timeline defined by the Alberta Energy Regulator (AER) for a new regulatory framework for shallow SAGD projects, and that there is no clarity as to a path for approval for its Tamarack application. Until there...

2014-03-14 08:22:09

CALGARY, March 14, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces the appointment of Thomas Buchanan as Chairman of the Board of Directors (the "Board"), replacing William Gallacher, effective March 14, 2014. William Gallacher has served as Chairman of the Board since founding the Company in 2006 and was instrumental in guiding and growing Athabasca to where it is today. Mr. Gallacher has chosen to resign from Athabasca's board to...

Study Shows Most Of The Sand In Alberta's Oilsands Came From Eastern North America
2014-03-13 15:24:24

University of Calgary University of Calgary-led research is first of its kind, uncovering the origin of oilsands sediment They're called the Alberta oilsands but most of the sand actually came from the Appalachian region on the eastern side of the North American continent, a new University of Calgary-led study shows. The oilsands also include sand from the Canadian Shield in northern and east-central Canada and from the Canadian Rockies in western Canada, the study says. This...

2014-02-27 00:20:46

WASHINGTON, Feb. 26, 2014 /PRNewswire-USNewswire/ -- In response to the State Department Inspector General's conclusion that there was no wrongdoing concerning the department's review of Keystone XL pipeline, API said no more evidence is needed to get this job creating project built. "The latest IG report removes another attempt by KXL opponents to block the project," said API Downstream Operations Senior Manager, Refining and Oil Sands Cindy Schild. "After more than five years,...

2014-02-18 08:24:20

SALT LAKE CITY, Feb. 18, 2014 /PRNewswire/ -- Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), an independent exploration and production company, has completed an extensive study of data related to its Liberty #1 discovery well in the Central Utah Overthrust. The study reviewed large volumes of data collected through services provided by Weatherford International, Halliburton, and Baker Hughes, as well as prominent energy scientists and laboratories. Based...

2014-02-13 08:22:21

Proved bitumen reserves up 8% -- Combined oil sands production at Foster Creek and Christina Lake averaged almost 103,000 barrels per day (bbls/d) net in 2013, up 14% from 2012. -- Production at Christina Lake increased 55% to more than 49,000 bbls/d net in 2013. Christina Lake phase D reached full capacity in 2013, about six months after first production. Phase E is expected to achieve full capacity in...