martes, 9 de enero de 2018

Osum Oil Sands to double capacity at Alberta site

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Oil Sands News Digest
Wednesday 10 January 2018
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The company's CEO said they are moving closer to their goal of producing 20,000 barrels per day at Orion.

The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.

New life was breathed into the Canadian oil sands with a decision by foreign-owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray.

"In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils."

Oil production is seen as topping 11 million b/d in November 2019.

Suncor Energy and Teck Resources Ltd have taken higher stakes in Fort Hills oil sands mine from partner Total SA, resolving a dispute over building costs.

Oil prices are set to close out the year up more than 11 percent, hitting their highest level since 2015. However, the road to higher prices was rocky.

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