Killajoules

B&W to Supply Modular Boilers for the Kearl Oil Sands Project
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has been awarded a contract to supply four modularized boilers for the Kearl Oil Sands Project (Kearl) being developed by Imperial Oil in the Athabasca Oil Sands Region, north of Fort McMurray, Alberta, Canada.

Jacobs Receives Contract from Suncor Energy to Support Firebag Program
Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a contract by Suncor Energy to provide support for a program of sustaining works as part of its Firebag Stage Three in-situ oil sands project near Fort McMurray, Canada.

Newalta Corporation Awarded $60 Millon Contract to Process Oil Sands Mature Fine Tailings
Newalta Corporation ("Newalta") (TSX:NAL) today announced that it has signed a contract with Syncrude Canada Ltd. ("Syncrude") to process mature fine tailings ("MFT") for a demonstration project. The contract is over a three-year period at Syncrude's oil sands mine operations near Fort McMurray, Alberta. It follows Newalta and Syncrude working together for two years in trial projects to prove the application of centrifugation for processing MFT.

Canadian Natural Resources Limited Announces the Resumption of Shipment of Synthetic Crude Oil From Horizon
Canadian Natural Resources Limited (“Canadian Natural”) is pleased to announce that Synthetic Crude Oil (“SCO”) sales have recommenced from its Horizon Oil Sands (“Horizon”) operation in Northern Alberta.

CNOOC Limited Enters Arrangement Agreement to Acquire OPTI Canada
OPTI Canada Inc. (TSX:OPC) ("OPTI" or the "Company") announced today that it has entered into an agreement (the "Arrangement Agreement") with CNOOC Luxembourg S.à r.l, an indirect wholly-owned subsidiary of CNOOC Limited, pursuant to which indirect wholly-owned subsidiaries of CNOOC Limited, will acquire the Second Lien Notes (as defined below) and all of the outstanding shares of OPTI (the "Transaction"). The total value of the Transaction is approximately US$2.1 billion, which includes net consideration of US$1,179 million payable to holders of OPTI's Second Lien Notes, US$37.5 million payable to backstop parties, US$34 million payable to shareholders and the assumption of US$825 million First Lien Notes. CNOOC Limited is China's largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world.

Canadian Natural Resources Limited has entered into a partnership agreement with North West Upgrading Inc. to mov
Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) has entered into a partnership agreement with North West Upgrading Inc. (“North West”) to move forward with detailed engineering regarding the construction and operation of a bitumen refinery near Redwater, Alberta.

Statoil Canada oil sands SAGD project produces first oil
Statoil today, 27 January, announced first oil production from its Leismer Demonstration Project (LDP) after initiating steam injection in September 2010, one month ahead of schedule.

Total and Suncor form a strategic alliance in Canada’s oil sands
Total’s subsidiary Total E&P Canada Ltd. (“Total”) and Suncor Energy Inc. (“Suncor”) have signed several agreements to form a strategic oil sands alliance encompassing the Suncor-operated Fort Hills mining project, the Total-operated Joslyn mining project and the Suncor-operated Voyageur upgrader project. All three assets are located in the Athabasca region of the province of Alberta, Canada. Under the alliance, the companies will pool their combined interests in these projects, with the respective operator holding 51% and the other partner 49%.

Osum Announces $100 Million Private Placement
Osum Oil Sands Corp. ("Osum" or the "Company") is pleased to announce that it has entered into an agreement (an "Investment Agreement") to issue, on a private placement basis, to a wholly-owned subsidiary of Korea Investment Corporation ("KIC") 7,692,308 common shares at $13.00 per share for total gross proceeds of approximately $100 million. The Investment Agreement also provides KIC with the right to participate in future equity financings, board observer rights and, in the event that KIC holds more than 10% of the outstanding common shares, the right to designate a nominee of the board of directors of Osum. After giving effect to the private placement, KIC will hold less than 10% of the outstanding common shares. The transaction is expected to close on or about November 26th, 2010 subject to satisfaction of customary closing conditions.

PTTEP joins Statoil as partner in Canadian oil sands
Statoil (OSE: STL, NYSE: STO) has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand.