Changes to Canada’s rules governing investment by foreign state-owned enterprises may discourage Indian oil companies from participating in projects to ship natural gas from the North American country, India’s top diplomat in Ottawa said, Bloomberg reports.
A European Union plan to label crude from the Alberta oil sands as dirty is unfair and could damage Canada's bid to find new export markets, the Canadian resources minister said at the start of a mission to lobby against the idea, Reuters reports.
Canadian Oil Sands Ltd. (COS), the Calgary-based company that gets all of its production from Syncrude Canada Ltd., said first-quarter profit fell 44 percent on lower output, Bloomberg reports.
Exxon Mobil Corp. (XOM), the world’s largest company by market value, began production at its Kearl oil sands project in Alberta, which is projected to produce 4.6 billion barrels of recoverable oil in the next 40 years, Bloomberg reports.
The Canadian government said it is open to more investment from Chinese energy companies, UPI reports.
UPI reports that as much as 250 million cubic feet of natural gas per day is expected to come from Western Canadian assets, British and Qatari energy companies said.
The Canadian Natural Gas Initiative (CNGI) today released its Report of the Dialogues on Canada’s Natural Gas Industry, the result of an outreach program that took senior industry representatives to eight cities across Canada for discussions with stakeholders about natur
UPI reports that Canada may be a natural gas market ripe for courtship from a Japanese economy hungry for more energy supplies, a Japanese energy executive said.
UPI reports that Canada will send a trade mission to China and Japan next week to promote the North American country as an energy superpower, a government official announced.
In 2012 Statoil increased oil sands production by more than 60% and reduced CO2 intensity by almost 24%. These results are published in the Statoil 2012 Oil Sands Report April 4.