Oilsands & Heavy Oil
Cenovus Energy reports $220M first quarter profit compared with a loss a year ago
Friday, May 7, 2021, 6:24 AM MDT
Cenovus Energy Inc. reported a profit of $220 million in its latest quarter compared with a loss of $1.8 billion…
Alberta eases security payment burden for oilsands companies
Friday, May 7, 2021, 6:21 AM MDT
Last year's dive in oil prices has caused Alberta to change how it calculates the payments oilsands mines make to…
Suncor sees vaccines as solution to Canada’s lagging oil demand
Wednesday, May 5, 2021, 6:27 AM MDT
Canada’s oil demand isn’t bouncing back like it is in the U.S. as the country fights to contain the coronavirus,…
Imperial Oil shareholders defeat shareholder motion to set net zero emission target
Wednesday, May 5, 2021, 6:10 AM MDT
Imperial Oil Limited investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to…
Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area
Wednesday, May 5, 2021, 6:06 AM MDT
Suncor Energy Inc. is delaying a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging…
Suncor posts $821 million first quarter profit on higher output, better oil prices
Tuesday, May 4, 2021, 6:49 AM MDT
Suncor Energy Inc. is reporting positive first-quarter net earnings on higher production, lower costs and stronger oil and gas prices, reversing a big net…
Federal Appeal Court tosses B.C. injunction over Alberta's turn off the taps law
Wednesday, April 28, 2021, 6:20 AM MDT
The Federal Court of Appeal has set aside an injunction granted to British Columbia in its constitutional fight over Alberta’s…
COVID outbreak grips oilsands
Wednesday, April 28, 2021, 6:14 AM MDT
In the U.S., COVID-19 infections are shrinking by the day. In France, officials are preparing to ease lockdown restrictions and…
Sale of Husky stations stopped, Asia Pacific assets being assessed, says Cenovus CEO
Tuesday, April 6, 2021, 5:16 PM MDT
The CEO of Cenovus Energy Inc. says the process to sell Husky Energy Inc.'s chain of retail fuel stations was…
Industry optimism rising with production but producers still cautious
Tuesday, April 6, 2021, 5:12 PM MDT
Predictions of the end of the oil industry during a global price war and the pandemic a year ago have…
Oilpatch workforce faces more cuts this year before rebound in 2022-23, says PetroLMI
Thursday, March 25, 2021, 6:08 AM MDT
Canada's oil and gas workforce is expected to shrink by almost 7,300 jobs this year thanks to layoffs linked to…
Oilsands companies prominent among producers projecting largest 2021 capex growth
Wednesday, March 24, 2021, 6:02 AM MDT
Three Canadian oilsands operators are prominent among larger producers in North America projecting the greatest percentage rise in capital spending…
