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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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…
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…
