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…

Read Article


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…

Read Article


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.…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.