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  1. Business - Commodities - RESOURCES

    Canadian oil sands lure Chinese investors (video)

    Posted Nov 12th 2012, 12:00am by Eric Ng

    ... Eric Ng in Fort McMurray eric.mpng@scmp.com Huge domestic demand and high crude prices spur stakes in overseas energy reserves Canadian oil sands lureChinese firms Canadian oil sands lure ... MacKenzie, one of the first Europeans to report seeing oil sands in Canada's Alberta province, also mentioned that heating the oil sands caused them to smell like black coal. That, ...

  2. Oil-sands firm plans HK listing

    Posted Feb 01st 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Sunshine Oilsands, a developer of oil-sands energy projects in Canada backed by two mainland financial institutions, is aiming to raise up to US$700 million from ... Development Fund. Sunshine was set up five years ago. According to its website, it owns 100 per cent of 464,531 hectares of oil-sands leases, or 7 per cent of the total oil-sands leases granted ...

  3. Business - Commodities - undefined

    White House resists pressure to okay Keystone XL oil sands pipeline

    Posted Feb 02nd 2014, 05:12am by Reuters

    ... Reuters in Washington Government report on Keystone XL project plays down its impact on climate change Pressure on US to okay oil sands pipeline Pressure for US President Barack Obama to approve a pipeline to carry crude oil from Canada's oil sands to the US Gulf coast has increased after a State Department report played down the impact it would have on climate change. ...

  4. Cenovus Energy: A next generation oil sands producer

    Posted Feb 24th 2014, 04:11pm by Reports by Laleh Larijani, Michelle Phillips, Emmanuelle Stahler and Jessica Ryan

    ... known as the oil sands. Using state-of-the-art mining and drilling technology, oil sands producers are finding increasingly effective ways to exploit this rich resource of heavy crude. Oil sands expansion is expected to help Canada more than double oil production to about 6.2 million barrels per day (bpd) by 2030. Cenovus Energy is one of Canada's leading oil sands producers ...

  5. PetroChina in full control of oil sands

    Posted Jan 05th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com State-backed PetroChina, the nation's largest oil and gas producer, will buy 40 per cent of an oil sands project in western Canada for C$680 million (HK$5,213 million), making it the first Chinese firm to wholly own a Canadian oil sands project. The deal, together with a US$2.2 billion acquisition by state-owned China Petrochemical Corporation ...

  6. Canada's oil sands draw new interest

    Posted Aug 08th 2005, 12:00am by John Gray

    ... investment interest in the development of massive oil sand reserves in the Canadian province of Alberta. Last week, Kinder Morgan paid US$3.1 billion to buy Terasen, giving the United States energy firm a network of natural gas and oil pipelines that also offers it access to crude from Alberta's oil sands. A day later, Total of France bought out Deer Creek Energy with a pledge ...

  7. Business - Commodities - ENERGY

    China's oil sands bet goes sour in Canada

    Posted Dec 21st 2013, 01:49am by BLOOM

    ... Bloomberg in Calgary After investing billions in North America, Chinese firms are licking their wounds as prices fall and production targets are missed China's oil sands bet goes sour ... Stephen Harper last year imposed limits on oil-sands purchases by state-owned enterprises. Falling fossil fuel prices, delays in building pipelines for exporting oil, and the time and money ...

  8. CNOOC in $948m oil sands gamble

    Posted Apr 13th 2005, 12:00am by Eric Ng

    ... significant stake in an oil sands project, betting that global petroleum prices will remain high enough to sustain profitable exploitation of unconventional crude oil reserves. CNOOC paid C$150 million ($948.9 million) for a 16.69 per cent stake in MEG Energy, based in Calgary, Alberta, the mainland company said yesterday. MEG owns the rights to exploit 32,900 acres of oil sands ...

  9. PetroChina takes majority stake in 2 oil sands projects

    Posted Sep 02nd 2009, 12:00am by Eric Ng

    ... Eric Ng PetroChina has agreed to spend C$1.9 billion (HK$13.43 billion) for a majority stake in two Canadian oil sands projects as the mainland, which must feed its booming economy, hedges ... Sands' MacKay River and Dover oil sands projects, said Athabasca Oil Sands. They are in the centre of the Athabasca region in northeastern Alberta of western Canada. The region is the largest ...

  10. The messy, wasteful promise of oil sands

    Posted Jan 03rd 2008, 12:00am by Michael Richardson

    ... and easy-to-extract crude oil hovers at a near-record high, the incentive to exploit vast untapped reserves of heavy oil and oil sands is unleashing a petroleum production boom centred on Canada. Chinese and western energy giants have announced investments of more than US$100 billion to develop Canadian deposits of oil sands over the next decade. This resource is a mixture of bitumen, sand, clay ...




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