Low oil prices keep oilsands project shuttered long after wildfire put out
One of Canada’s oldest oilsands projects, shut down during the wildfires in Fort McMurray, will remain closed until benchmark oil prices rise above US$50 per barrel, its operator said Monday. The Hangingstone thermal oilsands project, operated by Japan Canada Oil Sands Ltd. since 1999, was shuttered in May as a precaution when staff were evacuated […]