Oilsands & Heavy Oil


Alberta budget holds out hope for Keystone XL with no provisions

Friday, February 26, 2021, 6:55 AM MST

Alberta’s budget came with no provisions for investments that the Canadian province made in the Keystone XL pipeline, even after…

Read Article


Imperial Oil reports one billion barrel drop in bitumen reserves at end of 2020

Friday, February 26, 2021, 6:23 AM MST

Imperial Oil Ltd. is cutting one billion barrels from its inventory of oilsands bitumen following a year marked by low…

Read Article


Retired TC Energy CEO Russ Girling aiming to join Suncor's board of directors

Thursday, February 25, 2021, 6:03 AM MST

Suncor Energy says former TC Energy CEO Russ Girling is returning to the energy producer and will stand for election…

Read Article


Keystone XL’s death sparks rush to ship oilsands crude by rail

Wednesday, February 24, 2021, 6:42 AM MST

U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oilsands crude…

Read Article


Keystone XL 'clarity' boosts Gibson Energy diluent recovery project, says CEO

Wednesday, February 24, 2021, 6:09 AM MST

The CEO of Gibson Energy Inc. says “clarity” about the future of the cancelled Keystone XL pipeline has prompted increased…

Read Article


Junior oilsands producer Osum endorses Waterous Energy's sweetened takeover bid

Friday, February 19, 2021, 6:26 AM MST

The leadership at private junior oilsands producer Osum Oil Sands Corp. say they will sell their shares after Waterous Energy…

Read Article


TC Energy expects 'substantive' charge related to Keystone XL permit revocation

Thursday, February 18, 2021, 6:14 AM MST

TC Energy Corp. says it expects to take a “substantive'' charge when it reports its first-quarter results for 2021 due…

Read Article


Teck Resources takes Fort Hills charge, reports Q4 loss

Thursday, February 18, 2021, 6:10 AM MST

Teck Resources Ltd. reported a loss in its fourth-quarter as the company took a hit related to its investment in…

Read Article


Top netbacks: Oil and gas weighted producers

Tuesday, February 16, 2021, 6:41 AM MST

New data from Evaluate Energy shows that MEG Energy’s oilsands operations generate the highest overall operating netback per barrel among…

Read Article


First Nation lauds plan to protect traditional land use in oilsands management plan

Wednesday, February 10, 2021, 6:33 AM MST

The Alberta government says it has completed a plan to manage oilsands development in an area near the Fort McKay…

Read Article


Cenovus Energy reports $153M Q4 loss compared with $113M profit a year ago

Tuesday, February 9, 2021, 6:07 AM MST

Cenovus Energy Inc. reported a loss in the final quarter of 2020 compared with a profit a year earlier. The…

Read Article


Suncor Energy restarts carbon emission cutting projects despite vow of austerity

Friday, February 5, 2021, 6:07 AM MST

The CEO of Suncor Energy Inc. says it will not increase capital spending this year despite higher oil prices, instead…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.