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
07/30/201508:30:08Occidental Revenue Falls as Commodity Prices Remain Week
07/30/201508:06:42Occidental Revenue Falls as Commodity Prices Remain Week
07/30/201507:17:02Current Report Filing (8-k)
07/30/201507:00:00Occidental Petroleum Announces 2nd Quarter 2015 Results
07/22/201517:29:35Statement of Changes in Beneficial Ownership (4)
07/14/201509:00:00Occidental Petroleum 2nd Quarter 2015 Results to be Announced...
07/13/201517:08:26Statement of Changes in Beneficial Ownership (4)
07/13/201516:44:03Statement of Changes in Beneficial Ownership (4)
07/10/201519:43:50Statement of Changes in Beneficial Ownership (4)
07/10/201518:14:10Statement of Changes in Beneficial Ownership (4)
07/10/201518:13:16Statement of Changes in Beneficial Ownership (4)
07/10/201518:08:42Statement of Changes in Beneficial Ownership (4)
07/10/201514:42:27Statement of Changes in Beneficial Ownership (4)
07/09/201513:44:00Occidental Petroleum Announces Dividend
06/26/201516:18:45Annual Report of Employee Stock Plans (11-k)
06/23/201516:24:23Current Report Filing (8-k)
06/19/201517:29:58Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/19/201513:07:48Statement of Changes in Beneficial Ownership (4)
06/19/201509:50:47Top Three Rebound Stocks in The Permian Shale
06/18/201517:00:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

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