Canadian oilsands projects facing hurdles

04/12/1999
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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