Oilsands & Heavy Oil

Suncor to cut 1,500 jobs by end of year, employees informed Thursday

Friday, June 2, 2023, 6:01 AM MDT

Suncor Energy Inc. will cut 1,500 jobs by the end of the year, as new CEO Rich Kruger forges ahead…

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Pace of oilsands decarbonization an open question after UCP win in Alberta

Tuesday, May 30, 2023, 5:34 PM MDT

As Danielle Smith's United Conservative Party celebrates Monday's election win in Alberta, the province's oil and gas sector remains in…

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Crescent Point Energy increasing use of hedging amid volatile oil markets

Monday, May 15, 2023, 5:59 AM MDT

Crescent Point Energy Corp. is increasing its use of hedging to protect itself against commodity price swings. Like other Canadian…

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Crescent Point Energy reports first quarter profit down from year ago

Friday, May 12, 2023, 6:57 AM MDT

Crescent Point Energy Corp. reported its first-quarter profit was down from a year ago as energy prices were also lower.…

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Alberta regulator says Imperial Oil faces more water problems at Kearl oilsands mine

Friday, May 12, 2023, 6:06 AM MDT

The Alberta Energy Regulator has warned Imperial Oil about more wastewater problems at its Kearl oilsands mine in northern Alberta.…

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Bear attack injures worker at Suncor site as producer faces safety scrutiny

Thursday, May 11, 2023, 6:42 AM MDT

A worker at a Suncor Energy Inc. oilsands site was injured in a bear attack over the weekend, adding to…

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Crescent Point restores 75% of halted production as wildfire situation improves

Thursday, May 11, 2023, 6:03 AM MDT

Crescent Point Energy Corp. says it has restored approximately 75 per cent of the production it had temporarily halted because…

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New Suncor CEO Kruger focused on cost cutting, will ‘play to win’

Wednesday, May 10, 2023, 6:28 AM MDT

The new top boss at Suncor Energy Inc. says he will be sharply focused on cost-cutting as he embarks on…

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Suncor’s adjusted earnings decline 34 per cent year over year

Tuesday, May 9, 2023, 6:15 AM MDT

Suncor Energy Inc. says it earned $2.05 billion in the first quarter of 2023, down from $2.95 billion in the…

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Canadian Natural reports Q1 profit down as oil prices slide

Thursday, May 4, 2023, 4:13 PM MDT

Canadian Natural Resources Limited saw its profits in the first quarter decline 41 per cent year-over-year as oil prices weakened.…

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Imperial faces federal probe over oilsands leak

Thursday, May 4, 2023, 4:06 PM MDT

Imperial Oil Limited is at risk of being charged for toxic leaks at its Kearl oilsands mine in Alberta after…

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MEG Energy earns $81M; down 77 per cent from Q1 2022 as oil prices fall

Monday, May 1, 2023, 7:57 PM MDT

MEG Energy Corp. says it earned $81 million in the first quarter of 2023, a 77 per cent decrease from…

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