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US Oil Sands gears up to build Utah project
Posted by Calgary Herald: Dan Healing on May 26th, 2014
Calgary Herald: The first equipment, a used horizontal rotary slurry mixer formerly employed in a California cement plant, has been purchased as US Oil Sands Inc. moves ahead with its plan to mine for bitumen in Utah.
The Calgary-based company announced its final investment decision for the PR Spring Project in the arid state earlier this month, approving a 2,000-barrel-a-day mine and processing centre that is expected to cost $60 million -- about $10 million more than previously estimated.
Chief executive...
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Carbon Tax Called a Threat to Oil Sands Projects
Posted by Calgary Herald: Dan Healing on April 9th, 2013
Calgary Herald: A proposal to increase Alberta’s carbon levy to $40 per tonne and target a 40 per cent cut in carbon emissions from big emitters could affect the viability of thermal oilsands projects, a Calgary investment bank warns.
But FirstEnergy Capital added in a research report published Monday morning that the additional costs may be a justifiable trade-off if the plan convinces U.S. President Barack Obama to approve the Keystone XL pipeline.
In the note, analyst Michael Dunn calculates the proposal...