ADVFN - Advanced Financial Network.
HOME» NYSE » O » OXY Stock Price » OXY Stock News

Occidental Pet Share News

 Occidental Petroleum Corp Stock Price
OXY Stock Price
 Occidental Petroleum Corp Stock Chart
OXY Stock Chart
 Occidental Petroleum Corp Stock News
OXY Stock News
 Occidental Petroleum Corp Company Information
OXY Company Information
 Occidental Petroleum Corp Stock Trades
OXY Stock Trades

Suncor, Total May Not Proceed With New Oil-Sands Mines

By Edward Welsch CALGARY, Alberta--Suncor Energy Inc. (SU) said Wednesday a shift in oil-production trends in North America has it reviewing the business case for constructing two new oil-sands mines and an upgrader with French energy giant Total SA (TOT). "In principle there is the opportunity not to progress" the Joslyn and Fort Hills oil-sands mines and the Voyageur upgrader, Suncor Chief Executive Steve Williams said on a conference call with investors. "We're reviewing the scope and we're looking at the profitability of those projects as we speak," he said. The Joslyn mine is expected to cost between 7 billion Canadian dollars (US$6.86 billion) and C$9 billion to build. Mr. Williams said the amount of new light oil produced in North America - from reservoirs such as the Bakken in North Dakota and Saskatchewan and new shale-oil reservoirs in the U.S. - had changed the market for the upgraded light oil that the projects with Total would produce. "The continental balance has changed," Mr. Williams said. "So if you look at when we approved that project a number of years ago, the mid-continent light, sweet crudes weren't being produced," he said. Suncor owns a 36.75% stake in the Joslyn mine, which is expected to produce 100,000 barrels a day as soon as 2017, with Total holding a 38.25% stake, Occidental Petroleum Corp. (OXY) holding a 15% stake and Inpex Corp. (1605.TK) holding a 10% stake. Suncor owns a 40.8% stake in the Fort Hills mine, which could produce up to 160,000 barrels a day starting in 2016. Total owns 39.2% of the project and Teck Resources Ltd. (TCK) owns 20%. Write to Edward Welsch at edward.welsch@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Occidental Pet (OXY)
DateTimeHeadline
04/21/201514:00:023 Unique Risks That Affect SandRidge Energy Inc.'s Investors
04/21/201511:00:02Who Is Saudi Arabia Really Targeting in Its Price War?
04/20/201512:13:43Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/14/201509:00:00Occidental Petroleum 1st Quarter 2015 Results to Be Announced...
04/11/201508:56:56Apache Corporation - Re-Focusing Back On North America
04/08/201519:30:04Analysts see Shell-BG deal as starting new round of energy sector...
03/24/201517:03:11Proxy Statement (definitive) (def 14a)
03/22/201519:38:50U.S. Oil Export Ban: Are There Reasons Not To Repeal?
03/19/201520:25:18Better 4% Dividend Stock: ConocoPhillips Or Occidental Petroleum?
03/18/201518:04:59WTI - It's About Dollar Strength
03/03/201505:49:00U.S. Oil Growth Slows: Whither The Fields Of Glory?
03/02/201505:05:22Crude Oil Prices And Debt
02/25/201523:38:12Super Top End Concentrated FRAK Is On Course For Higher Prices
02/24/201518:32:35Why Occidental Petroleum Looks Set To Bounce Back This Year
02/23/201516:29:44Annual Report (10-k)
02/12/201507:00:00Occidental Petroleum Announces Dividend
02/10/201516:02:29Amended Statement of Ownership (sc 13g/a)
02/09/201506:02:54Amended Statement of Ownership (sc 13g/a)
02/04/201514:21:31Annual Statement of Changes in Beneficial Ownership (5)
02/02/201521:18:16Exxon's Profit Drops 21% As Production Declines -- 3rd Update

Occidental Pet and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad