• Sun
  • Dec 21, 2014
  • Updated: 10:05am

Oil Sands

Exxon Mobil pipeline leaks 'thousands of barrels' of Canadian oil in Arkansas

The Keystone Oil Pipeline under construction in North Dakota. The US State Department is considering the fate of the 800,000 bpd pipeline, which would carry crude from Canada’s oil sands to the Gulf Coast. Photo: Reuters

Exxon shut the Pegasus pipeline, which can carry more than 90,000 barrels per day (bpd) of crude oil from Pakota, Illinois, to Nederland, Texas, after the leak was discovered on Friday afternoon, the company said in a statement.

Sunday, 31 March, 2013, 2:44pm

Canada 'open to FDI and keen to export to Asia' says minister

John Baird

Canada is still open to investments from foreign state-owned firms in its energy sector, and it is keen to diversify its export markets to Asia to reduce its reliance on the United States, the country's foreign affairs minister said.

14 Mar 2013 - 7:47am

Canadian oil sands lure Chinese investors (video)

Work in progress at an oils sands project in Fort McMurray.

In 1778 when Alexander MacKenzie first sighted a sticky black substance in Canada, he wrote in his journal that the locals mixed it with spruce gum to waterproof their canoes. 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, for the moment, was that.

13 Nov 2012 - 2:20pm

Oil-sands firm plans HK listing

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 a listing this month in Hong Kong.

1 Feb 2012 - 12:00am

PetroChina in full control of oil sands

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.

5 Jan 2012 - 12:00am

US oil price warning but there's some hope

Producers are not in control now, says energy secretary

Oil's rise to a record high of US$78.40 a barrel, pushed up by Israel's attack on Lebanon, shows that producers have lost their ability to rein in prices, US Energy Secretary Samuel Bodman has warned.

16 Jul 2006 - 12:00am

Canada's oil sands draw new interest

Price surges, supply uncertainty spur investment in Alberta's huge reserves

Rising oil prices and increasing uncertainty about world supplies have sparked investment interest in the development of massive oil sand reserves in the Canadian province of Alberta.

8 Aug 2005 - 12:00am

Housing booms in Canada's red-hot oil town

As Canada's real estate boom continues unabated, Fort McMurray, the epicentre of Alberta's oil boom, has become the hottest housing market in the country.

With reserves second only to Saudi Arabia and an estimated tripling of the output to 3 million barrels a day by 2015, the oil sands bonanza in northern Alberta has triggered a massive influx of people.

3 Aug 2005 - 12:00am

Oil surge fires up Calgary's property market

If growth potential is important when buying commercial real estate it is hard to beat the pitch of one Canadian city landlocked in the middle of the prairie: Calgary is the commercial capital of a province that has more known oil reserves than Saudi Arabia.

13 Feb 2005 - 12:00am

Husky dives despite surging oil prices

Despite a surge in oil prices, Husky Energy posted a 38.9 per cent decline in first-half profit after locking in sales contracts at much lower prices last year. Hutchison Whampoa chairman Li Ka-shing, whose company owns a 35 per cent stake in Husky, said: 'The oil-price trend is something even the world's experts can't guess accurately.

20 Aug 2004 - 12:00am

PetroChina output belies profit result

PetroChina produced slightly more oil and gas in the first nine months than in the same period last year but will have earned a smaller profit due to lower oil prices.

China's No 1 oil producer said yesterday it produced 1.3 per cent more crude oil and gas in the first nine months, but the realised sale price of its oil fell 13.6 per cent.

16 Oct 2002 - 12:00am