Canadian oilsands projects facing hurdles

Canadian oilsands operators persist with development plans despite new hurdles thrown up before an oil industry bedeviled by low oil prices and retrenchment. In recent action by Calgary firms: Suncor Energy Inc. has begun construction of a $2 billion (Canadian) expansion of its oilsands operations in northern Alberta following regulatory approval. Mobil Oil Canada Ltd. said it is delaying a construction start on a $2.5 billion oilsands project in the same region for 2 years to 2002. Shell Canada Ltd. is actively seeking another partner in a $3.8 billion (Canadian) oilsands project in northern Alberta after withdrawal of an Australian fir...

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