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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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Alberta approves MacKay River Commercial Oil Sands Project; operating company a JV between AOSC and PetroChina

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Athabasca Oil Sands Corp. AOSC) announced that the Alberta Energy Resources Conservation Board and Alberta Environment and Water has issued full regulatory approval for the MacKay River commercial oil sands project to MacKay Operating Corp. Earlier post.) Earlier post.)

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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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ACL to begin transporting Canadian crude by inland barge to Gulf Coast for oil sands company MEG Energy

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American Commercial Lines (ACL) will begin transporting crude oil by barge on the US inland waterways for MEG Energy (US) Inc. MEG Energy), a subsidiary of the Canadian oil sands company MEG Energy Corp. American Commercial Lines Inc. American Commercial Lines Inc.

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China Qaidam Oil Sands Proven

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Lab tests conducted by PetroChina of oil sands samples obtained in Yousha Mountains at Qaidam basin in northwest China determined that the resource is proven economically feasible for further exploration and development. But the report did not give any detail figure for the total reserve of the oil sands in the project.

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Statoil postponing Corner oil sands project for minimum of 3 years; rising costs, limited pipeline access

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Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.

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Government of Canada OKs CNOOC’s $15B acquisition of Nexen, Petronas’ $6B acquisition of Progress Energy oil sands companies; impedes future oil sands purchases by foreign state-owned enterprises

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Christian Paradis, Canada’s Minister of Industry, announced on Friday that the federal government is allowing two major acquisitions of oil sands companies by foreign state-owned enterprises (SOEs): the $15.1-billion That was never the purpose of the Investment Canada Act.In

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