Annexation’s an option when it comes to future talks between Sturgeon County and Edmonton, says the county’s mayor, but revenue sharing? That’s off the table.
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Tag Archives: upgrader
Suncor cancels Voyageur oilsands upgrader project north of Fort McMurray
EDMONTON – Suncor Energy said Wednesday it would not go ahead with its $11.6 billion Voyageur oilsands upgrader project north of Fort McMurray, which had been under construction until 2009.
The company said market conditions for the 200,000 barrel per day upgrader have changed significantly, challenging the economics of the project. It said earlier that the economically challenged project was not a “strategic investment.”
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North West upgrader financing still unresolved
EDMONTON — Alberta government ministers say they are not concerned a financing plan has yet to be approved for the $5.7-billion first phase of the North West upgrader project that is slated to begin refining bitumen for Alberta taxpayers in three years.
Finance Minister Doug Horner and Energy Minister Ken Hughes said Wednesday they are confident the project will go ahead as scheduled.
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Suncor takes $1.49 billion charge on long-shelved Voyageur upgrader
CALGARY – Suncor Energy Inc. (TSX:SU) reported a fourth-quarter net loss as it took a big charge related to its long-shelved and economically “challenged” Voyageur oilsands upgrader.
Canada’s biggest energy company said late Tuesday that the net loss for the last three months of 2012 was $562 million, or 37 cents per share, compared with net earnings of $1.43 billion, or 91 cents per share, during the same period a year earlier.
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Upgrader good for Park economy
Strathcona County is boasting a boom following the announcement of a go-ahead for the Northwest Upgrader north of Sherwood Park.
The Sturgeon County development falls outside Strathcona’s jurisdiction, but as an Industrial Heartland initiative, the $5.7-billion bitumen refinery is proving profitable for the entire surrounding region.
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North West Refinery a boon for Fort
FORT SASKATCHEWAN – All is good in the Industrial Heartland following a recent announcement that Sturgeon County’s Northwest Upgrader has been given the go-ahead.
The $5.7-billion bitumen refinery is drawing attention from around the Heartland, starting with Fort Saskatchewan.
Last week saw Mayor Gale Katchur receive a message from Doug Bertsch, vice-president of regulatory affairs with the North West Redwater Partnership, which is heading the upgrader project.
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$5.7 billion Sturgeon upgrader finally gets green light
EDMONTON- Almost two years after the provincial government agreed to refine some of its royalty bitumen locally, the $5.7 billion Sturgeon upgrader and refinery has been given the green light.
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Shell breaks ground on Quest
FORT SASKATCHEWAN – The shovels are going into the ground as Shell Scotford prepares for the Quest carbon capture and sequestration project at the facility, but the $1.3 billion project isn’t the only item of business on the refinery’s plate.
The facility also has a slate of turnarounds on tap for 2013, where each of the three phases of the plant will receive their scheduled maintenance, said Arnel Santos, the Scotford upgrader’s general manager.
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Canadian Natural confirms oilsands NGL agreement
CALGARY — Canadian Natural Resources Ltd. confirmed Wednesday morning that it has signed a deal to capture natural gas liquids at its Horizon oilsands upgrader near Fort McMurray.
As previously reported in the Herald, the company said it has an agreement with Williams Energy Canada which will install equipment at the upgrader to divert liquids such as ethane and propane out of its off-gas stream, leaving just methane to be burned for energy.
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