Oil Sands Industry Updates

Chinese conglomerate unveiled as oilsands partner, by Dan Healing, Posted on Calgary Herald

Sunshine signs tentative deal with Changjiang Investment Group CALGARY — Sunshine Oilsands Ltd. has identified a huge Chinese industrial conglomerate as the partner with which it has been negotiating a joint venture on its Muskwa and Godin oilsands leases. In a news release Monday, Calgary-based Sunshine — which trades on Toronto and Hong Kong stock exchanges — said it has signed its previously announced non-binding joint operating agreement with Renergy Petroleum (Canada) Co., Ltd., an affiliate of Changjiang Investment Group Co., Ltd. [Read More...]

TOYO Engineering signs multi-year oil sands deal, Posted on Your Oil and Gas News

CALGARY, Oct. 17, 2013 /CNW/ – TOYO Engineering Corporation (TOYO), through its Canadian subsidiary TOYO Engineering Canada Ltd., has signed an Engineering, Procurement, Construction (EPC) contract with JACOS (Japan Canada Oil Sands Limited) for a 20,000 bbl/day Steam Assisted Gravity Drainage (SAGD) production processing facility (expandable to 30,000 bbl/day) in the Hangingstone area, near Fort McMurray, Alberta. [Read More…]

Slow times for oilpatch deals amid market uncertainty, foreign investment rules, by Lauren Krugel / The Canadian Press , Posted on Courier-Islander

CALGARY – It’s a tough time to be looking for a deal in the oilpatch, due to a combination of market uncertainty and confusion over federal foreign investment rules introduced during the past year.With Canada’s major energy companies set to report their third-quarter results over the next few weeks, observers say investors will be eagerly awaiting an update on how the firms are slimming their portfolios by selling non-core assets. [Read More…]

N.B. fracking protests and the fight for aboriginal rights, by Daniel Schwartz and Mark Gollom, Posted on CBC News

Protests this month at a potential shale gas site in New Brunswick involve an issue that has been at the heart of resource development battles across Canada — the duty to consult and accommodate aboriginal people when the development is on their traditional land.he latest round of the protests by Elsipogtog First Nation members and their supporters resulted in a violent clash Thursday when the RCMP moved in to enforce a court injunction against the protesters’ blockade. [Read More…]

Canada defends oil sands foreign investment limits, by Ana Komnenic, Posted on Mining.com

Canada’s oil sands are fine without foreign money – at least according the country’s Natural Resources Minister Joe Oliver. Speaking with Reuters after a visit to China, Oliver defended Canada’s rules that limit foreign purchases of oil sands. He said the limits were not pulling investments away from the sector.”I had no indication from anybody that the decline had anything to do with those rules,” he said on a call with reporters.  [Read More…]  

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Related Event

Oil Sands Symposium

When: Wednesday, December 04 to Thursday, December 05, 2013

Where: Marriott Downtown, Calgary, Alberta

To Learn more visitwww.OilSandsSymposium.com