Oilsands & Heavy Oil

Conditions right for consolidation as Canadian Natural reports profit, says CNRL president

Friday, November 6, 2020, 6:25 AM MST

Conditions are right for more merger and acquisition activity in the Canadian oil and gas sector, says the president of…

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Waterous Energy Fund to bid $126 million to increase Osum Oil Sands stake to 85%

Wednesday, November 4, 2020, 6:14 AM MST

Calgary-based Waterous Energy Fund says it intends to launch a formal takeover bid for private junior oilsands producer Osum Oil…

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Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

Monday, November 2, 2020, 5:57 AM MST

Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and…

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Suncor says end of Alberta oil quotas a "positive signal" as it reports $302 million loss

Friday, October 30, 2020, 6:19 AM MDT

The Alberta government's decision to end its oil production curtailment program in December after almost two years is  “a very…

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Suncor Energy misses expectations with $302M loss on lower production, prices

Thursday, October 29, 2020, 6:29 AM MDT

Suncor Energy Inc. is reporting a third-quarter operating loss of $302 million or 20 cents per share as revenue fell…

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Alberta to stop limits on oil production in December after nearly two years

Friday, October 23, 2020, 10:32 AM MDT

Alberta's UCP government says it will end oil curtailment quotas in December, nearly two years after the previous NDP government…

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$100 million fund to be used to cut oilpatch emissions, fuel new product development

Friday, October 23, 2020, 6:19 AM MDT

A contribution of $100 million from Ottawa will assist with the commercialization of new products from Canada's oil and gas…

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Heavy oil scarcity to boost Canadian oilsands prices next year

Thursday, October 22, 2020, 6:37 AM MDT

Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle,…

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Imperial ramps up Kearl oilsands mine output after diluent pipeline restored

Wednesday, September 16, 2020, 6:10 AM MDT

Imperial Oil Limited says it is ramping up production to normal rates at its Kearl oilsands mining operation in northern Alberta…

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Suncor shares fall on lower production after oilsands mine fire repairs wrap up

Wednesday, September 9, 2020, 6:05 AM MDT

Shares in Suncor Energy Inc. traded sharply lower on Tuesday after it trimmed 2020 production guidance despite restarting its Base…

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Inter Pipeline restores partial service on the western portion of Polaris system

Friday, September 4, 2020, 6:56 AM MDT

Inter Pipeline Ltd. has safely restored services to the JACOS/CNOOC Limited Hangingstone facility on the western portion of its Polaris…

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Imperial Oil's Kearl oilsands mine stops output due to diluent pipeline outage

Thursday, September 3, 2020, 6:28 AM MDT

The partial shutdown of a diluent supply pipeline following a spill near Fort McMurray has halted production at the Kearl…

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