Tuesday, November 26, 2024
Massive oilsands mine Fort Hills could be Albertas first victim of the global price war - oilandgas360

Massive oilsands mine Fort Hills could be Alberta’s first victim of the global price war

Financial Post The last major oilsands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic. Teck Resources Ltd., one of the partners in the Fort Hills project that formally opened in September 2018, is considering a full shutdown of the mine to cut costs after local prices