Shell project $1.5-billion over budget

Article Abstract:

Petroleum industry joint venture over budget. Shell Canada officials say the Athabasca oil sands project is $1.5-billion over budget due to a tight labor market, associated refinery modifications, and construction costs.

Joint ventures, Finance, Oil fields, Company Profile, Shell Canada Ltd., Chevron Canada Ltd., Western Oil Sands Inc.

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Suncor scales back 2002 capital spending

Article Abstract:

Suncor Energy Inc. has scaled back capital spending for 2002, unveiling a budget of $900 million, a decrease of almost 40%. The Calgary-based company cut back its spending from an expected $1.4 billion for 2001.

Capital expenditures, Investments, Abstract, Suncor Energy Inc.

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CanOxy gains approval for Nexen moniker

Article Abstract:

Canadian Occidental Petroleum Ltd. has given its overwhelming approval to its new name, Nexen Inc. The company also posted a C$172 million profit for the third-quarter ending September 30, 2000.

Sales, profits & dividends, Organizational nomenclature, Names, Canadian Occidental Petroleum Ltd., Nexen Inc.

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