ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
Read More »Athabasca suspends oil-sands operation
Bloomberg Athabasca Oil Corp fully suspended its Hangingstone oil sands operation to combat low oil prices and uncertainty surrounding coronavirus. The move comes shortly after Athabasca said in March it would curtail production at Hangingstone by about 50% to maximise corporate funds flow and liquidity. Calls have been mounting for Canadian producers to cut production in light of rock-bottom domestic …
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