Oilsands & Heavy Oil

Drillers awaken in Canada as war leaves world begging for oil

Tuesday, March 15, 2022, 6:56 AM MDT

Canada’s slumbering oil industry is beginning to stir. For years, the country’s drillers, like those in the shale fields of…

Read Article

Alberta oilsands land sale earns most in decade as crude surges

Tuesday, March 15, 2022, 6:14 AM MDT

Alberta’s government earned the most in more than 10 years in a sale of rights to develop oilsands land just…

Read Article

Suncor is getting no relief for sanction-hit ship, minister says

Wednesday, March 9, 2022, 6:36 AM MST

Suncor Energy Inc. is not getting any relief from the Canadian government after a Russian-owned tanker it chartered was hit…

Read Article

MEG chief executive sees ‘tremendous demand’ for Alberta oil

Monday, March 7, 2022, 6:14 AM MST

The chief executive of MEG Energy Corp. sees “tremendous demand” for Alberta oil due to the war in Ukraine and…

Read Article

MEG Energy earns $177M in fourth quarter, announces share buyback plan

Monday, March 7, 2022, 6:10 AM MST

MEG Energy Corp. earned $177 million in its fourth quarter and says it will soon reach its net debt target…

Read Article

Parkland Q4 profit down, hurt by refinery pause due to B.C. floods, raises dividend

Friday, March 4, 2022, 6:40 AM MST

Parkland Corp. reported its fourth-quarter profit fell compared with a year ago, hurt by a pause in refinery processing operations…

Read Article

Crescent Point Energy reports $121.6M Q4 profit on strong Kaybob Duvernay results

Friday, March 4, 2022, 6:20 AM MST

Crescent Point Energy Corp. reported strong results from its recently acquired Kaybob Duvernay assets in Alberta, along with soaring profits…

Read Article

Canadian Natural Resources reports Q4 profit up, raises quarterly dividend

Friday, March 4, 2022, 6:13 AM MST

Canadian Natural Resources Ltd. raised its quarterly dividend by 28 per cent Thursday, as it reported surging fourth-quarter profits against…

Read Article

Canadian crude inventories shrink in threat to U.S. supplies

Wednesday, February 9, 2022, 7:09 AM MST

Canadian crude inventories are dwindling as oilsands producers prepare to shut some operations for maintenance, potentially adding to U.S. supply…

Read Article

Cenovus CEO says current high oil prices can't be banked on moving forward

Wednesday, February 9, 2022, 6:06 AM MST

Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight-year…

Read Article

Suncor adopting mining safety technology for first time in oilsands, says CEO

Friday, February 4, 2022, 6:10 AM MST

The chief executive of Suncor Energy Inc. says the company is adopting mining safety technology for the first time in…

Read Article

Imperial Oil raises dividend as high crude prices power Q4 profit, revenues

Wednesday, February 2, 2022, 6:15 AM MST

Imperial Oil Limited is raising its quarterly dividend after higher crude oil prices contributed to a doubling of revenues and a…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.