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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

Oil-Sands 218
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Utah Water Quality Board upholds issuance of permit for oil sands mine in Utah

Green Car Congress

The Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oil sands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.

Oil-Sands 210
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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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Canada-based Osum Oil Sands Corp. billion barrels (net), ranking it third in the area next to Husky Energy and Shell Canada. Credit Suisse Securities (Canada), Inc., and Barclays Capital Canada Inc. Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Scotia Waterous Inc.

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

Oil 186
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Sunshine Oilsands Ltd. and China Oilfield Services Ltd. intend to cooperate on oilsands technology; possible testing of new thermal recovery technique

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Canada-based Sunshine Oilsands Ltd. COSL) amicably to negotiate and communicate with each other in respect of cooperation in developing multiple thermal fluid oilsands exploration technology in Canada. The MOU is not legally binding except for those provisions in respect of exclusivity, confidentiality and dispute resolution.

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TC Energy seeking $15B in damages from US after revocation of Keystone XL Presidential Permit

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Canada-based TC Energy Corporation has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.

Energy 186
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BC government won’t support Northern Gateway oilsands pipeline as presented over spill response concerns

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Northern Gateway’s West line, 36 inches in diameter, would transport an average of 525,000 barrels of oil sands crude per day to Kitimat. The provincial government has established, and maintains, strict conditions in order for British Columbia to consider the construction and operation of heavy-oil pipelines in the province.

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