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Vol. 11, No. 51 Week of December 17, 2006
Providing coverage of Alaska and northern Canada's oil and gas industry


Synenco accessing Asian answers

Canadian company turns to Chinese partner in search for cost-cutting solutions, but faces opposition; plan includes shipping to Arctic

Gary Park

For Petroleum News

Oil sands startup Synenco Energy is ready to exploit its Asian connections to ship prefabricated modules for its Northern Lights project across the Pacific into the Arctic Ocean, then by barge along Canada’s northern river system. It’s an unparalleled strategy to fend off soaring labor and materials....

    [additional news subjects in this story]

Modules will weigh up to 2,000 tons

Plan faces opposition from unions

Payout sooner, so royalties go to 25% sooner

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