How long does it take for approval to construct and operate an oil sands project?
667 days on average according to CanOils’ new oil sands tracking feature. The Energy Resources Conservation Board (ERCB) is the provincial governing body in charge of regulatory approval for Alberta, where the vast majority of Canadian oil sands reserves lie. CanOils has sourced all regulatory applications in combination with their corresponding approvals, to establish an .. read more
On "Exploration Efficiency"
I just stumbled across BP’s last annual investor presentation. Back in March, BP was sounding bold and its presentation, some might muse, was slick. The slides are full of aggressive statements on cost containment and growth. How times change. You can’t help thinking that the company might not have said some of things it did, .. read more
India Joins the Shale Party
India’s Reliance Industries added themselves to the list of rich latecomers to the US shale sector last week following behind Mitsui and Total who both made sizeable entries to the sector since the start of the year. Reliance and Atlas Energy teamed up in a deal worth $1.7 billion to Atlas that will see Reliance .. read more
Canadian Spending Focus Shifts to Growth
A massive change in focus away from balance sheet repair and towards growth and acquisition is underway among Canadian oil and gas companies, according to a CanOils analysis of the latest oil and gas financings in the Canadian capital market. More than 2/3rds of equity financings are currently being used for acquisition or exploration and .. read more
Oil Sands Projects Spring Back to Life
The oil sands sector got off to a flying start in 2010, despite much negative press, and a conventional wisdom that the oil sands are not a viable source of future supply at these price levels. Almost $10 bln worth of new projects were formally applied for so far this year, designed to produce about .. read more