C$45 billion on the shelf
Norwegian oil giant deals another blow to Alberta upgrading dreams; withdraws plans for Alberta facility, looks at options in US
For Petroleum News
There’s another wooden cross on the road to the Alberta oil sands, marking billions of dollars more of lost investment.
It also marks a further setback to the Alberta’s government’s goal of keeping upgraders within its borders to benefit from the value-added end of turning bitumen into synthetic cru....
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Initial phase pegged at C$4B
In-situ project under way
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