Athabasca Newswire

Athabasca Newswire

Comprehensive Real-Time News Feed for Athabasca, AB.

Results 1 - 20 of 213 in Athabasca, AB

  1. Memorandum of Understanding With CPECC in Relation to West Ells Phase II Project ExpansionRead the original story

    Sunday Mar 19 | World News Report

    ... 1, 2012. The Corporation is focused on the development of its significant holdings of oil sands leases in the Athabasca oil sands region of Alberta, Canada. The Corporation owns interests in approximately one million acres of oil sands and petroleum ...

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  2. Bitumen or bust: Alberta budget doubles down on oilsands revenuesRead the original story w/Photo

    Thursday Mar 16 | CBC News

    ... years, the budget contains no new infrastructure announcements for Fort McMurray or for reconstruction in the Athabasca oilsands region as a whole. The region's economy has slowed and its population has shrunk in the wake of the May 2016 wildfires ...

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  3. Shell Begins Divestment From Canadian Oil SandsRead the original story w/Photo

    Tuesday Mar 14 | Environmental News Network

    Last week Royal Dutch Shell agreed to sell most of its Athabasca oil sands investment to a Canadian exploration company for $8.5 billion. To many, this was anything but a surprise.

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  4. UNESCO Team Cites Variety Of Threats To Canada's Wood Buffalo National ParkRead the original story

    Tuesday Mar 14 | National Parks Traveler

    ... Value." Areas of concern found by the team included potential impacts of a hydroelectric dam on the Peace-Athabasca Delta, impacts from existing and proposed tar sands operations just south of the national park, and "unresolved conflicts and ...

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  5. Find A Red Chair This Year And Enjoy the ViewRead the original story w/Photo

    Sunday Mar 12 | National Parks Traveler

    ... Take a seat and contemplate the scene. Across the valley, a wall of ice and mountains dominates the horizon, with Athabasca and Dome glaciers pouring over their shoulders. Between the two, a triangle-shaped patch of forest is home to 700-year-old ...

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  6. Athabasca Oil Corporation Announces Final Results of the Cash Tender...Read the original story w/Photo

    Friday Mar 10 | Market Wire

    Athabasca Oil Corporation announced today that as of 11:59PM Eastern Time, on March 9, 2017, which was the "Expiration Time" for the previously announced cash tender offer for any and all of its outstanding Canadian dollar denominated 7.50% Senior Secured Second Lien Notes due 2017 , as reported by the tender agent, a total of C$439.5 million principal amount of the Notes have been tendered and not validly withdrawn, representing approximately 80% of the aggregate outstanding principal amount of the Notes. Athabasca exercised the early purchase option with payment on February 24, 2017 .

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  7. Shell to sell its Canadian oil sands for $7.25bnRead the original story w/Photo

    Thursday Mar 9 | Iol.co.za

    Royal Dutch Shell will sell almost all its production assets in Canada's oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. The company will sell all of its oil-sands interests apart from a 10percent stake in the Athabasca Oil Sands mining project, The Hague-based Shell said yesterday.

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  8. Canadian Natural strike big deal for Shell, Marathon oilsands holdingsRead the original story w/Photo

    Thursday Mar 9 | MacLeans

    Canadian Natural Resources has struck a blockbuster $12.74-billion deal to buy Alberta oilsands assets from Royal Dutch Shell and Marathon Oil, boosting its exposure to the higher-cost sector even as soft crude prices prompt some large foreign players to exit. The deal announced Thursday would see Canadian Natural buy Shell's 60 per cent stake in the Athabasca Oil Sands Project, which includes a mine north of Fort McMurray, Alta., and the Shell-operated Scotford bitumen upgrader and Quest carbon capture project northeast of Edmonton.

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  9. The Thursday news briefing: An at-a-glance survey of some top storiesRead the original story w/Photo

    Thursday Mar 9 | 680News

    ... Oil. The $12.74-billion deal announced Thursday will see Canadian Natural buy Shell's 60 per cent stake in the Athabasca Oil Sands Project, which includes a mine north of Fort McMurray, Alta., and the Shell-operated Scotford bitumen upgrader and ...

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  10. Shell nets $9.7b from oil sands sale in CanadaRead the original story w/Photo

    Thursday Mar 9 | Yahoo!

    Royal Dutch Shell has agreed to sell most of its interests in Canadian oil sands in two deals that will net $US7.25 billion for the Anglo-Dutch company as it adjusts to a period of lower energy prices. Shell says a unit of Canadian Natural Resources will buy Shell's 100 per cent stake in the Peace River complex, including undeveloped oil sands leases in Alberta, as well as 50 per cent of the Athabasca Oil Sands Project for $US8.5 billion.

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  11. Royal Dutch Shell signs two deals to sell oilsands assetsRead the original story w/Photo

    Thursday Mar 9 | Journal of Commerce

    Royal Dutch Shell says it has signed two agreements to sell its undeveloped oilsands interests in Canada for a net consideration of US$7.25 billion. Under the first agreement, the Anglo-Dutch energy giant will reduce its 60 per cent interest in the Athabasca Oil Sands Project to 10 per cent and sell its 100 per cent interest in the Peace River Complex in-situ assets, including Carmon Creek, and a number of undeveloped oilsands leases in Alberta to a subsidiary of Canadian Natural Resources Ltd. Shell says it would remain the operator of the project's Scotford upgrader and Quest carbon capture and storage project.

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  12. Canadian Natural buying Shell, Marathon oilsands holdings for $12.74...Read the original story w/Photo

    Thursday Mar 9 | Northern Life

    Canadian Natural Resources has struck a blockbuster $12.74-billion deal to buy Alberta oilsands assets from Royal Dutch Shell and Marathon Oil, boosting its exposure to the higher-cost sector even as soft crude prices prompt some large foreign players to exit. The deal announced Thursday would see Canadian Natural buy Shell's 60 per cent stake in the Athabasca Oil Sands Project, which includes a mine north of Fort McMurray, Alta., and the Shell-operated Scotford bitumen upgrader and Quest carbon capture project northeast of Edmonton.

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  13. Shell sells Canada oil sands assetsRead the original story w/Photo

    Thursday Mar 9 | Channelnewsasia.com

    Royal Dutch Shell has sold almost all of its Canadian oil sands activities in a US$7.25-billion deal, the Anglo-Dutch energy giant said on Thursday. Shell and Canadian Natural will jointly purchase Marathon Oil Canada Corporation, which holds a 20 per cent interest in the Athabasca project, from an affiliate of Marathon for US$1.25 billion each.

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  14. Shell Sells Interest In Canadian Oil Sands For $7.25 BillionRead the original story w/Photo

    Thursday Mar 9 | Manufacturing.net

    Royal Dutch Shell has agreed to sell most of its interests in Canadian oil sands in two deals that will net $7.25 billion for the Anglo-Dutch company as it adjusts to a period of lower energy prices. Shell says a unit of Canadian Natural Resources Ltd. will buy Shell's 100 percent stake in the Peace River complex, including undeveloped oil sands leases in Alberta, as well as 50 percent of the Athabasca Oil Sands Project for $8.5 billion.

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  15. Shell cuts debt with $7.25 billion sale of Canada oil sands - Thu, 09 Mar 2017 PSTRead the original story w/Photo

    Thursday Mar 9 | The Spokesman-Review

    Royal Dutch Shell will sell almost all of its production assets in Canada's oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. All of the company's oil-sands interests apart from a 10 percent stake in the Athabasca mining project will be sold to Canadian Natural Resources, Shell said Thursday.

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  16. Royal Dutch Shell signs deals to sell oilsands assetsRead the original story w/Photo

    Thursday Mar 9 | CBC News

    Under the first agreement, the Anglo-Dutch energy giant will reduce its 60 per cent interest in the the Athabasca Oil Sands Project to 10 per cent and sell its 100 per cent interest in the Peace River Complex in-situ assets, including Carmon Creek, and a number of undeveloped oilsands leases in Alberta to a subsidiary of Canadian Natural Resources Ltd. Shell says it would remain the operator of the project's Scotford upgrader and Quest carbon capture and storage project. Canadian Natural would be expected to operate Athabasca's upstream mining assets.

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  17. Royal Dutch Shell to sell Canadian oil sands interests for $7.25bnRead the original story w/Photo

    Thursday Mar 9 | Live Charts

    Oil giant Royal Dutch Shell is to sell its oil sands interests in Canada and reduce its share in the Athabasca oil sands project to 10% from 60% for a total of $7.25bn. Shell will remain the operator of Athabasca's Scotford upgrader and the Quest carbon capture and storage project so it can focus on its Canadian downstream business and leverage proprietary technology.

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  18. Shell Agrees to Sell Oil-Sands Operations for $7.25 BillionRead the original story

    Wednesday Mar 8 | Bloomberg

    Royal Dutch Shell Plc will sell all of its in-situ and undeveloped oil-sands interests in Canada and reduce its share in the Athabasca Oil Sands Project to 10 percent from 60 percent, resulting in a net consideration of $7.25 billion to the Anglo-Dutch producer. The company will sell to a unit of Canadian Natural Resources Ltd. its entire 60 percent interest in the Athabasca project, all of the Peace River Complex in-situ assets and a number of undeveloped leases in Alberta, The Hague-based Shell said Thursday in a statement.

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  19. Concerns over oilsands river contamination overstated, scientist saysRead the original story w/Photo

    Monday Mar 6 | CBC News

    A University of Alberta soil and water scientist found the levels of heavy metals associated with bitumen, such as vanadium, nickel, molybdenum and rhenium in the Athabasca River, are higher but still miniscule. New research from the University of Alberta suggests concerns about contaminants in the Athabasca River from the oilsands may be overstated.

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  20. Sunshine Oilsands Ltd.: West Ells Phase I Project Achieved Commercial ...Read the original story

    Tuesday Feb 28 | World News Report

    On March 1, 2017 / February 28, 2017 , the Corporation is pleased to announce that the West Ells Phase I project located in the Athabasca region of Alberta has achieved commercial production on March 1, 2017 / February 28, 2017 . This marks a key milestone for the Corporation, following which the Project will be treated as a fully operational project.

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