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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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Alabama, Mississippi to assess oil sands resources in their states

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Alabama and Mississippi are forming a partnership to further study the oil sands resources in the two states, Alabama Governor Robert Bentley and Mississippi Governor Phil Bryant announced on Saturday while speaking to the Southern States Energy Board. The most recent shows an estimated 7.5

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Rystad Energy: Oil sands and Arctic most expensive oil resources; NA shale putting on pressure

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Oil and gas consultancy Rystad Energy estimates that oil sands and the Arctic continue to be the most expensive resources, with an average breakeven price of $75-80 per barrel of oil equivalent (boe). The break-even price of NA shale is estimated at an average of $60-70/boe.

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American Sands Energy announces successful operation of oil sand pilot facility in Utah

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American Sands Energy Corp., an oil sands exploration and development company operating in the state of Utah, announced the successful operation of its oil sand recovery pilot facility. This is a key differentiator between us and more traditional oil sand companies.

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Shell completes divestment of oil sand interests in Canada; retains Scotford refinery and plants

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Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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US DOI finalizes plan for oil shale and oil sands research, demonstration and development

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Secretary of the Interior Ken Salazar last week announced the Department of the Interior’s final plan for encouraging research, development and demonstration (RD&D) of oil shale and oil sands resources on Bureau of Land Management (BLM) lands in Colorado, Utah and Wyoming. Earlier post.).

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