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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Resignation of Catherine Hughes triggers fresh doubts about future of BP's oil-sands project
Doubts are surfacing over the future of BP's £5.8 billion project to squeeze crude from the oil-rich sands of northern Canada after one of the chiefs of Husky Energy, its joint-venture partner, resigned unexpectedly. Catherine Hughes, vice-president of oil sands for Husky, left the company last week amid speculation that the project may be delayed after a collapse in the price of oil. The economic squeeze on the high-cost business of mining bitumen comes as the oil majors prepare to announce big declines in profits for the final quarter of 2008 because of the falling price of crude.
News Item details
Websites:
http://www.the-times.co.uk
Keywords: Oil - Oil sands - Oil Production - see Production - General - Oil price
Countries: Canada -
Subjects: Mining Engineering, Oil markets, Project Management, Mining and quarrying, Bitumen, Crude oil, Oil
