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Athabasca News

12 Apr 2021

Maersk Containership Diverts Due to Onboard COVID-19 Outbreak

© Mariusz / Adobe Stock

The containership Maersk Athabasca has diverted to Vizhinjam, India due to a suspected COVID-19 outbreak on board while en route from Tanjung Pelapas, Malaysia to Colombo, Sri Lanka.Mediterranean Shipping Company (MSC) said Monday it was informed of the diversion by its partner Maersk. The Singapore-flagged Maersk Athabasca is deployed on MSC's elephant service, under Maersk and MSC's 2M Alliance.Maersk confirmed that several crew members have tested positive for coronavirus,…

30 Aug 2014

Athabasca Completes Dover Stake Sale to PetroChina

Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PertroChina Co Ltd for $1.18 billion. Athabasca said it received $600 million in cash and $584 million in three interest-bearing promissory notes from the unit, Phoenix Energy Holdings Ltd. It was not immediately clear if the figure was in Canadian or U.S. dollars. (Reporting by Ashutosh Pandey in Bangalore; Editing by Kirti Pandey)

27 Jun 2011

Canadian Government Supports Shell CCS Project

Shell announced on Friday that it had signed agreements with the Governments of Alberta and Canada to secure $865 million in funding for its Quest Carbon Capture and Storage (CCS) Project. The Quest Project will capture and permanently store deep underground more than one million tons of carbon dioxide per year from Shell’s Scotford Upgrader near Edmonton, Alberta, which processes heavy oil from the Athabasca oil sands. “Quest would be the first application of CCS technology for an oil sands upgrading operation,” says John Abbott, Shell’s Executive Vice President of Heavy Oil. Shell aims to improve its oil sands environmental performance through carbon dioxide reduction, improved water management and minimal impacts of tailings ponds.

27 Jan 2000

Chevron Announces $5.2 Billion Capital Spending Program

Chevron Corp. has announced a $5.2 billion capital and exploratory spending program for 2000. "Our spending program reflects continued confidence in our company's prospects for growth," said Chevron Chairman and CEO Dave O'Reilly. The 2000 plan is 16.5 percent less than estimated actual 1999 spending because of two acquisitions. The company plans to invest $3.6 billion, or 69 percent of total 2000 spending, in worldwide exploration and production. Spending in the U.S. will be $1.3 billion. The program includes funding for growth projects in the U.S., where deep-water gross production reached 98,000 bpd of oil and equivalent gas from the Gemini and Genesis fields at year-end 1999; and in Canada, where the company will participate in the Athabasca Oil Sands Project (20 percent interest).