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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
