Oilsands & Heavy Oil
Baytex Energy sets lower capital budget for 2021, targets positive free cash flow
Thursday, December 3, 2020, 6:20 AM MST
Baytex Energy Corp. says its is budgeting for capital spending of between $225 million and $275 million next year, a…
Imperial Oil to write off up to $1.2 billion in Alberta natural gas assets
Wednesday, December 2, 2020, 6:20 AM MST
Shares in Imperial Oil Ltd. were rising after it announced late Monday it would write down up to $1.2 billion…
Suncor Energy increases spending, oil production guidance for 2021
Wednesday, December 2, 2020, 6:17 AM MST
Suncor Energy Inc. is forecasting higher spending and production in 2021 based on benchmark U.S. oil prices staying near their…
Enbridge pipeline linking oilsands to U.S. Midwest wins approval
Tuesday, December 1, 2020, 6:45 AM MST
An Enbridge Inc. pipeline that will help ship more Canadian crude to the U.S. Midwest received final approval, paving the…
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…
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…
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,…
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…
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…
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…
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…
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.…
