OIL SANDS DEVELOPMENT
A 17% rise in West Texas Intermediate pricing since the start of the year has prompted two Canadian oil sands companies to revive deferred projects. TSX- and NYSE-listed Cenovus Energy on Thursday announced that it would proceed in the first half of 2017 with the Phase G expansion of its Christina Lake oil sands project, in north-eastern Alberta, which was deferred in late 2014, owing to falling oil prices.
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