Oilsands & Heavy Oil

Government of Alberta takes 50% stake in Sturgeon Refinery for $825 million

Tuesday, July 6, 2021, 6:02 AM MDT

The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery by paying $825 million to reduce…

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How are North American oil and gas producers using their cash?

Monday, June 28, 2021, 6:19 AM MDT

Early 2021 saw revenues and operating cash flow soar in the North American oil and gas industry. A new report…

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Key U.S. oil storage hub seen depleting as producers hold tight

Friday, June 25, 2021, 6:40 AM MDT

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.…

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Brookfield Infrastructure revises Inter Pipeline bid to include all cash option

Friday, June 18, 2021, 6:39 AM MDT

Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to…

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Suncor to increase minority stake in Terra Nova as part of ownership restructuring

Thursday, June 17, 2021, 6:13 AM MDT

Suncor Energy Inc. says it has reached an agreement in principle to increase its minority ownership of the Terra Nova…

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Canada's crude oil exports have increased 15-fold in 30 years: report

Tuesday, June 15, 2021, 6:04 AM MDT

The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a…

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Minnesota court affirms approval of Line 3 oil pipeline

Monday, June 14, 2021, 3:26 PM MDT

The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Inc's Line 3 oil pipeline replacement project, in…

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Auditor scolds Alberta over mine cleanup fund, how province handles polluted sites

Friday, June 11, 2021, 5:56 AM MDT

Alberta's auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program…

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Group of large oilsands operators commit to become net zero emitters by 2050

Thursday, June 10, 2021, 6:21 AM MDT

Experts say a joint strategy by Canada's largest oilsands producers to reach net zero greenhouse gas emissions by 2050 will…

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Worker operating excavator killed at Syncrude mine site in northern Alberta

Monday, June 7, 2021, 1:48 PM MDT

Occupational Health and Safety says a Syncrude employee operating an excavator was killed Sunday at an oilsands mine in northern…

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Morgan Stanley shuts Calgary office as Canadian energy struggles

Monday, June 7, 2021, 6:43 AM MDT

Morgan Stanley has closed its Calgary investment banking office, according to people familiar with the matter, as Canada’s energy industry…

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Chevron CEO signals he’s open to selling Canadian oilsands stake

Thursday, June 3, 2021, 6:29 AM MDT

Chevron Corp. would consider selling its 20 per cent stake in a Canadian oilsands mine as its faces investor pressure…

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