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Mining news: OIL SANDSTransCanada taps market for $1-billioncapital spending - U.S. energy plays have slashed capital spending forecasts by 24 per cent and major oil sands developments are being reined back - TransCanada raised cash to build the Keystone pipeline that will connect Alberta’s oil sands with Gulf of Southern Pacific details costs of oil sands projectSouthern Pacific Resource Corp. says it expects startup costs for its small-scale STP-McKay oil sands project in northern Alberta of $414.6-million. The Calgary company said yesterday it expects to process up to 12,000 barrels a day of tar-like bitumen Petrocan syndicate puts Fort Hills on iceCALGARY — The Fort Hills oil sands project was going to turn Petro-Canada into a contender. Its 140,000 barrels a day of new crude output would end years of underperformance. No longer would Petrocan’s Petrocan backs off oil sandsExtract not available. Big oil sands mine development project decision delayedPetro-Canada is delaying an investment decision on the Fort Hills oil sands mine project and also on the associated upgrader as it waits for costs to come down. Petrocan backs off oil sandsCALGARY - For the second time in five years, Petro-Canada backtracked yesterday on its oil-sands plans, deferring until next year a decision on whether to proceed with a bitumen mine near Fort Mc-Murray, Alta., and shelving indefinitely construction of Petro-Can partnership delays Fort Hills oil sands projectrtners in the massive Fort Hills oil sands project said Monday that the deteriorating price of crude has compelled them to review existing construction contracts as well as halt plans on building a multi-billion-dollar upgrader. Petro-Canada, (PCA/TSX Oil, wellhis policies are strikingly different than the former (Bush) administration.’ All of which points directly at the Alberta oilsands as a potential confluence of contention. A key national economic engine in this country, representing almost 60% of It’s a bad end to a bad week400-point rally and embraced tighter their fears that recession will cut oil demand and starve earnings in the oilsands. The S&P/TSX composite index closed down 296.82 points, or 3.17 per cent, at 9,055.96. On the week, Canada’s main exchange was down It’s a crisis of confidence for Petro-Canadamight come to a head soon? Actually, there are four. The first is Fort Hills, its huge Alberta oil sands project. The second is management. The third is the shareholders. And the fourth is the nature of the financial crisis itself. The Fort Hills saga is It’s a crisis of confidence for Petro-Canadamight come to a head soon? Actually, there are four. The first is Fort Hills, its huge Alberta oil sands project. The second is management. The third is the shareholders. And the fourth is the nature of the financial crisis itself. The Fort Hills saga is TSX closes down 3% as energy stocks run coldpoint rally and embraced tighter their fears that recession will cut oil demand and starve earnings in the oil sands. The S&P/TSX composite index closed down 296.82 points or 3.17% at 9,055.96. On the week, Canada’s main exchange was down 540.25points or PCs’ mixed messages to U.S.this week. On his European vacation - where he’s trying to convince the skeptical Euros that the oilsands are just a warm and friendly puppy dog - the premier makes room in his speech for the U.S. president-elect who had some unkind words to say about Loonie dives to 81 cents USand is again weighing on commodity and cyclically sensitive currencies.’ Energy companies are scaling back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia. The Canadian Association of Petroleum Producers cut Canadian Natural open to investing in new refining capacitywill likely last “a year plus.” He said big foreign oil firms - which flocked to the oilsands until high costs and low commodity prices made it less attractive - are not likely to make a Canadian comeback. “A lot of them were in Canada in earlier periods Aboriginal leaders reject upcoming cancer studysay they reject an upcoming report on cancer rates among their people who live downstream of Alberta’s oilsands. The Athabasca Chipewyan and Mikisew Cree First Nations say the Alberta Cancer Board study expected to be released later this fall does not Five great Hollywood battlefieldsbeer. They like it in cans. And they enjoy drinking it at home. The wealth in Canada’s oilsands, even taking into account the… Inside the canada.com Network. A new high-tech theatre is about…Watch Video Test your knowledge with our Car… With the Solitario to Present atJohn Tumazos Very…The wealth in Canada’s oilsands, even taking into account the recent plunge in world oil prices, is nearly $1.5 trillion, more than four times the $342 billion officially estimated by Statistics Canada, argues a RapidMind Embraces Open Source and Standards…The wealth in Canada’s oilsands, even taking into account the recent plunge in world oil prices, is nearly $1.5 trillion, more than four times the $342 billion officially estimated by Statistics Canada, argues a Think-tank values oilsands at $1.5 trillionOTTAWA - The wealth in Canada’s oilsands, even taking into account the recent plunge in world oil prices, is nearly $1.5 trillion, more than four times the $342 billion officially estimated by Statistics Canada, argues a |
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