http://www.worldoil.com WorldOil Keystone pipeline springs leak as extension decision nears http://www.worldoil.com/news/2017/11/17/keystone-pipeline-springs-leak-as-extension-decision-nears Days before Nebraska regulators are set to rule on TransCanada Corp.’s XL extension to its Keystone pipeline, the existing conduit has sprung a major leak. TransCanada's hurry up-and-wait Keystone XL status outweighs result http://www.worldoil.com/news/2017/11/9/transcanadas-hurry-up-and-wait-keystone-xl-status-outweighs-result The company is awaiting a key approval from regulators in Nebraska on whether the long-delayed Keystone XL oil pipeline can proceed. That would be one of the last dominos to fall in an almost decade-long push to build a pipeline to bring more crude from Canada’s oil sands to U.S. Gulf Coast refineries. In the meantime, the company posted third-quarter results that met analysts’ estimates, and said it placed two smaller conduits into service. Oil-sands buyout spree paying off as acquisitions boost output http://www.worldoil.com/news/2017/11/2/oil-sands-buyout-spree-paying-off-as-acquisitions-boost-output The acquisition spree that returned much of Alberta’s oil sands to Canadian hands is so far working out as the buyers projected, with results at Canadian Natural Resources Ltd. and Cenovus Energy Inc. beating expectations on the back of higher output and lower costs. Keystone champion named CEO at oil-sands giant Cenovus http://www.worldoil.com/news/2017/10/30/keystone-champion-named-ceo-at-oil-sands-giant-cenovus Alex Pourbaix, a driving force behind TransCanada Corp.’s Keystone XL pipeline, has been named CEO at Cenovus Energy Inc., taking the reins as the company seeks to rebuild investor confidence following its $13.3-billion oil-sands buy earlier this year. ESAI Energy foresees the end of oil sands mega projects http://www.worldoil.com/news/2017/10/25/esai-energy-foresees-the-end-of-oil-sands-mega-projects ESAI Energy forecasts growth from the Canadian oil sands will be a substantial 250,000 bpd in 2018, but as producers face challenges associated with relatively high costs in a recovering oil price environment, oil sands projects in the next few years will be leaner and smaller. Cenovus closes in on paying off Conoco deal with asset sale http://www.worldoil.com/news/2017/10/20/cenovus-closes-in-on-paying-off-conoco-deal-with-asset-sale Cenovus Energy Inc. agreed to sell its Palliser crude field to Schlumberger Ltd. and Torxen Energy for C$1.3 billion ($1.04 billion), advancing efforts to pay down debt from its oil-sands mega deal earlier this year. Canadian oil's high-priced run set to end as supply surges http://www.worldoil.com/news/2017/10/11/canadian-oils-high-priced-run-set-to-end-as-supply-surges Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut. Cheap option to the oil sands emerges as hot play in Canada http://www.worldoil.com/news/2017/10/4/cheap-option-to-the-oil-sands-emerges-as-hot-play-in-canada Just 125 mi southwest of the Fort McMurray oil-sands hub in northern Alberta, investors are rushing to secure rights to land that produces crude at much lower costs than the massive operations the region’s known for. That’s because beneath the area’s characteristic oil-rich soil, which requires expensive extraction and refining techniques, there’s crude trapped between layers of rock that can be pumped with conventional gear. Shale drillers, oil sands producers need crude above $50/bbl for boom to last http://www.worldoil.com/news/2017/9/28/shale-drillers-oil-sands-producers-need-crude-above-50bbl-for-boom-to-last Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50/bbl for their investments to pay off in the long run. Cenovus sells to Lundin empire to help pay off ConocoPhillips deal http://www.worldoil.com/news/2017/9/26/cenovus-sells-to-lundin-empire-to-help-pay-off-conocophillips-deal Cenovus Energy Inc. is selling oil and gas assets in Southern Alberta to the Swedish-Canadian Lundin family’s commodities empire, the latest effort to pay the tab on its takeover of ConocoPhillips’ oil-sands operations.