martes, 12 de diciembre de 2017

Nebraska OK's Keystone XL Pipeline, but more obstacles in the horizon

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Oil Sands News Digest
Wednesday 13 December 2017
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State has approved controversial project but insisted on alternative route, could add further complications.

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

AXA and three other French investment groups follow the World Bank's lead.

Lender is moving to a carbon-neutral state by offsetting its own greenhouse gas emissions through the purchase of carbon credits starting this year.

It's expected to help Atlantic Canada offshore production rise 44% to 307,000 bpd by 2024.

Agreement aims at boosting the safety of twin pipelines beneath the waterway where Lakes Huron and Michigan converge.

Canadian heavy crude prices and TransCanada Corp shares slid on Friday, the day after the Keystone pipeline spilled 5,000 barrels of oil in South Dakota as officials in Nebraska mulled whether to approve another pipeline proposed by the company.

Suncor Energy Inc. says it will spend between $4.5 billion and $5 billion in 2018 to deliver average upstream production of about 760,000 barrels of oil equivalent per day.

Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.

To remain globally cost and carbon competitive, Suncor took first steps to replace coke-fired boilers with two cogeneration units at Oil Sands Base Plant.

Deal represents the largest business investment to date by a First Nation entity in Canada.

Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO).

Suncor and PetroNor today announced the purchase by Suncor of a 41% equity interest in PetroNor, a petroleum products distributor across the James Bay and Abitibi-Témiscamingue regions of Quebec.

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