Oilsands & Heavy Oil
Strong earnings by Suncor may not be enough to fend off shareholder pressure: experts
Wednesday, May 11, 2022, 6:08 AM MDT
Suncor Energy Inc. now has strong first-quarter earnings in its arsenal and a publicized plan to improve worker safety, but…
Suncor uninterested in selling Petro Canada, CEO says despite shareholder pressure
Tuesday, May 10, 2022, 1:29 PM MDT
Suncor Energy Inc. is not interested in selling off its Petro-Canada retail network, the oil giant's chief executive said Tuesday,…
Suncor Energy reports earnings of $2.95B as oil prices surge
Tuesday, May 10, 2022, 6:13 AM MDT
Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period…
MEG Energy has record quarter as high prices boost profits and revenues up 68%
Tuesday, May 3, 2022, 6:22 AM MDT
MEG Energy Inc. says higher energy prices contributed to it earning a $362-million profit in its latest quarter as revenues…
Suncor's safety record in the spotlight as activist investor calls for change
Tuesday, May 3, 2022, 6:19 AM MDT
A string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as…
TC Energy interested in helping bring nuclear power to oilsands
Monday, May 2, 2022, 6:11 AM MDT
The head of Canadian pipeline giant TC Energy Corp. says the company sees a future opportunity to get involved in…
Imperial Oil posts $1.17B first quarter profit, best in over 30 years
Friday, April 29, 2022, 12:01 PM MDT
High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years, though production at the…
Elliott Investment Management seeking changes at Suncor Energy
Friday, April 29, 2022, 6:24 AM MDT
One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of…
Federal tax credit not enough to get carbon capture projects built: Cenovus CEO
Thursday, April 28, 2022, 6:13 AM MDT
The investment tax credit unveiled by the federal government earlier this month isn't enough to convince Canada's major oilsands producers…
Cenovus Energy reports $1.6B first quarter profit, triples dividend
Wednesday, April 27, 2022, 6:26 AM MDT
Cenovus Energy Inc. tripled its dividend as it reported a first-quarter profit of $1.6 billion. The company says its base…
CNOOC wins regulatory approval to restart oilsands upgrader
Monday, April 18, 2022, 6:30 AM MDT
CNOOC Ltd. was granted permission to resume operation of its long-shuttered Long Lake oilsands upgrader amid a report that the…
Budget 2022: Ottawa unveils $2.6B carbon capture tax credit for energy sector
Friday, April 8, 2022, 6:11 AM MDT
Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for…
