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…
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…
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…
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.…
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.…
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…
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…
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…
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…
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.…
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…
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…
