Oilsands & Heavy Oil

Imperial Oil to lay off 200 workers following cost cutting analysis

Thursday, November 26, 2020, 6:13 AM MST

Calgary-based Imperial Oil Ltd. said Wednesday it is laying off about 200 of its 6,000 employees across Canada as part…

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Imperial Oil set to end Syncrude services contract as Suncor becomes operator

Wednesday, November 25, 2020, 6:19 AM MST

Imperial Oil Ltd. says it will relinquish its contract to provide business management services to Syncrude Canada Ltd. when Suncor…

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Suncor agrees to begin operating Syncrude by end of next year

Tuesday, November 24, 2020, 6:19 AM MST

Suncor Energy Inc. says it has agreed to become the operator of the Syncrude project by the end of 2021,…

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Dear Mr. Pourbaix: Here’s an innovative approach to staff redeployment

Monday, November 23, 2020, 2:13 PM MST

To: Alex Pourbaix & Cenovus executive team From: Bill Whitelaw, Albertan privileged to work at the intersection of agriculture and…

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International ban on heavy fuel in Arctic shipping full of gaps: environmentalists

Sunday, November 22, 2020, 6:32 PM MST

Environmental groups say a new ban on a highly polluting shipping fuel in Arctic waters is full of gaps and…

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Pandemic resurgence stalls fuel demand recovery: Imperial Oil chief executive

Friday, November 20, 2020, 6:06 AM MST

The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels…

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Junior producer Osum Oil Sands rejects Waterous Energy Fund share offer as inadequate

Thursday, November 19, 2020, 5:11 PM MST

Private junior oilsands producer Osum Oil Sands Corp. says shareholders should reject a $126-million bid by Calgary investment firm Waterous…

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Ovintiv criticized by activist over ‘excessive’ pay

Wednesday, November 18, 2020, 6:39 AM MST

Activist investor Kimmeridge Energy Management Co. has built new positions in Ovintiv Inc., PDC Energy Inc., and Cimarex Energy Co.…

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Conditions right for consolidation as Canadian Natural reports profit, says CNRL president

Friday, November 6, 2020, 6:25 AM MST

Conditions are right for more merger and acquisition activity in the Canadian oil and gas sector, says the president of…

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Waterous Energy Fund to bid $126 million to increase Osum Oil Sands stake to 85%

Wednesday, November 4, 2020, 6:14 AM MST

Calgary-based Waterous Energy Fund says it intends to launch a formal takeover bid for private junior oilsands producer Osum Oil…

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Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

Monday, November 2, 2020, 5:57 AM MST

Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and…

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Suncor says end of Alberta oil quotas a "positive signal" as it reports $302 million loss

Friday, October 30, 2020, 6:19 AM MDT

The Alberta government's decision to end its oil production curtailment program in December after almost two years is  “a very…

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