​Jorie`s Holdings Inc

Daily Rig Locator

  • Home

  • Forum

  • Projects

  • About

  • Clients

  • Contact

  • Blog

  • More

    Use tab to navigate through the menu items.
    To see this working, head to your live site.
    • Categories
    • All Posts
    • My Posts
    jorie905
    Mar 02, 2020

    MEG Energy asks Alberta to shelve oil sands project March 2, 20207:08 AM Reuters2 Comments Canada’s MEG Energy Corp has asked Alberta Energ

    in Oilfield News Updates

    MEG Energy asks Alberta to shelve oil sands project

    March 2, 20207:08 AM Reuters2 Comments

    1. Canada’s MEG Energy Corp has asked Alberta Energy Regulator (AER) for a three-year delay to the approval process of a proposed oil sands project in the province, because of what it called continuing difficulties, the Globe and Mail reported.MEG cited Alberta’s economic malaise and a lack of investors in the oil sands, as well as overloaded pipelines, in a letter late last year to the AER requesting a hold on the regulator’s approval, the report said on Monday.MEG could not be immediately reached for comment.Around 20 other oil sands projects are sitting on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. The projects could add about 2 million barrels per day on to a market many view as already oversupplied.Last month, Teck Resources’ decided to cancel its Frontier oil sands project due to Canada’s excessively long regulatory process.A Canada-Alberta regulatory panel had endorsed the Frontier project last year and Prime Minister Justin Trudeau’s cabinet was scheduled to make a final decision last week before Teck pulled out.The project needed higher oil prices, a partner and more pipelines to proceed, according to Teck.

    MEG Energy

    0 comments
    0
    Comments
    0 comments
    • Twitter Clean
    • w-googleplus
    • Home

    • Forum

    • Projects

    • About

    • Clients

    • Contact

    • Blog

    • More

      Use tab to navigate through the menu items.