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…

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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…

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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…

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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…

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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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