Oil Sands News
1. TransCanada has been selected to design,
build, own and operate the proposed Northern Courier pipeline. With
an estimated capital cost of $660 million, the Northern Courier
project will be a 90-kilometer pipeline system that will transport
bitumen and diluent between the Fort Hills mine site and the
Voyageur Upgrader north of Fort McMurray. The Northern Courier
pipeline is fully subscribed under long-term contract to service
the Fort Hills Mine, which is jointly owned by Suncor, Total
E&P Canada, and Teck Resources, and is estimated to contain
approximately 3.4 bbbl of bitumen.
1. Sunshine Oilsands is in talks with
China's Sinopec and China Investment Corp. to reach an
agreement to produce 200,000 bbls per day of bitumen in Alberta, a
joint venture estimated at $6.7 billion. A memorandum of
understanding between Sunshine and Sinopec was signed in January to
co-operate on joint exploration of oilsands assets at three of
Sunshine's acreages
