Latest Evacuations Threaten Oil Sands Restart
The sudden surge north of the massive wildfire burning in Canada's oil sands region has dealt a new setback to producers, triggering a second round of evacuations and threatening work camps north of Fort McMurray. With the the city of Fort McMurray off limits and fewer places to house workers needed to restart operations, production may be shut down for longer than companies and market analysts had anticipated. A shift…
Suncor Sends First Tanker of Western Canada Heavy Crude to Europe
Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday. Suncor spokeswoman Sneh Seetal confirmed Reuters shipping data that shows the aframax tanker Minerva Gloria was set to pick up a cargo of crude oil from the port of Sorel-Tracy on the St. Lawrence River in Quebec. Seetal declined to comment on where in Europe the crude cargo is going, citing commercial confidentiality.
Canadian Oil Province, In Ukraine Protest, Won't Attend Russia Conference
Alberta, the Canadian province whose oil sands hold the world's third-largest crude reserve, said on Wednesday it will not participate in a global oil conference in Moscow next month as a protest against Russia's actions in Ukraine. The province's Conservative government said it will not staff a booth, as had been planned, in the Canadian pavilion at the World Petroleum Congress, scheduled for June 15 through 19. It also won't support any Alberta-based companies attending the event.
