After Teck Resources canceled its oil sands project, even approved oil sands projects could be difficult for Canada’s companies to bring online in the short term until more pipeline capacity Shell’s withdrawal from the tar sands is the latest move in a growing trend in Canada’s oil industry: the world’s largest oil companies are retreating from the tar sands, as low oil prices, stronger policies to fight climate change, and the accelerating global shift to renewable energy make the tar sands uneconomical. Canada’s oil sands sector is a high-tech, knowledge-based industry. New technology and innovation are critical to developing the oil sands and improving environmental performance. Oil sands operators must adhere to stringent regulations.Approvals from numerous regulatory agencies are required at every phase, from construction and operations to shut-down and reclamation. Japan Canada Oil Sands is owned by Japanese interests, being the very first Asian-owned oil company in the Athabasca region. Our major owner is JAPEX with a 94% share. Our story starts in the Athabasca area in 1978 when we farmed in on leases held by Petro-Canada (Suncor Energy Inc.), CNOOC International (formerly Nexen Energy) and Esso
10 Mar 2017 Prime Minister Justin Trudeau on Friday dismissed a recent string of major oil companies selling their holdings in the heavy oil sands of
Friday, January 10, 2020 After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil Canada's oil sands deposits are mainly located in northern Alberta, and at present with new investments in oil sands projects by major Chinese companies. 3 Sep 2019 “I think Canada itself creates significant barriers to new investment,” said the president of Japan Canada Oil Sands Ltd. or JACOS, reached at 23 Jan 2019 Canada's oil-sands companies have been ramping up efforts to get their thick bitumen to flow through pipelines more easily and cheaply.
17 Dec 2010 Oil sands extraction raises concerns among environmentalists because it generates more of Mining companies agree to clean up their mess
Alberta, Canada, is home to the largest known oil sands deposits, underlying about This rate was based on data from oil companies' environmental impact Friday, January 10, 2020 After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil Canada's oil sands deposits are mainly located in northern Alberta, and at present with new investments in oil sands projects by major Chinese companies.
Canadian Oil Sands Limited was a Canadian company that generates income from its oil sands investment in the Syncrude Joint Venture. Syncrude operated an
The Athabasca oil sands first came to the attention of European fur traders in 1719 when Wa-pa-su, a Cree trader, brought a sample of bituminous sands to the Hudson's Bay Company post at York Factory on Hudson Bay where Henry Kelsey was the manager. In 1778, Peter Pond, another fur trader and a founder of the rival North West Company, became the first European to see the Athabasca deposits
Syncrude is one of the largest producers of crude oil from Canada's oil sands. Learn more about our processes, economic impact, and environmental
25 Oct 2018 At current prices, Canadian tar sands oil producers are losing money one company, Teck Resources, is proposing to build a new tar sands 6 Jul 2017 Canada's Oil Sands Innovation Alliance (COSIA) is made up of oil sands producers who want to work together to accelerate the speed of “ 24 Feb 2020 In a letter from Teck's chief executive, Don Lindsay, to Canada's environment minister, the company said it was “disappointed to have arrived at Canadian oil sands development benefits all Canadians by providing needed energy In 2015, over 2000 companies from across Canada had direct business
Inter Pipeline Fund - Oversees one of Canada's biggest petroleum and petrochemical transport, pipeline and storage business; transports most of Canada's oil sands bitumen produced by such companies as Shell Canada, Chevron and Encana. Major moves include the 2007 $760 million acquisition of the Corridor pipeline in Alberta, 2008 $1.8 billion On February 23rd the Canadian company scrapped plans for a C$20bn ($15bn) oil-sands mine. Canada has not yet aligned “climate policy considerations” with “responsible energy sector List of Tar Sands Companies This data is excerpted from Banking on Climate Change: Fossil Fuel Finance Report Card 2017 . Source: Rystad Energy AS, courtesy of Oil Change International . The company has a 7.23% investment in the Syncrude and also is the operator of the Long Lake oil sand project with a 65% working interest, while OPTI Canada Inc. holds the remaining 35% interest. The 120-odd active oil sands projects are owned by major oil companies from Canada and around the world, including the U.S. and China. Together, the companies pump out 2.6 million barrels every The Athabasca oil sands first came to the attention of European fur traders in 1719 when Wa-pa-su, a Cree trader, brought a sample of bituminous sands to the Hudson's Bay Company post at York Factory on Hudson Bay where Henry Kelsey was the manager. In 1778, Peter Pond, another fur trader and a founder of the rival North West Company, became the first European to see the Athabasca deposits