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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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