Oilsands & Heavy Oil

New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

Thursday, July 30, 2020, 6:39 PM MDT

The CEO of TC Energy Corporation says the company will begin moving more oil from Western Canada into the United…

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Acceleware whitepaper demonstrates how electrification through RF XL could result in zero-GHG emissions for oilsands and heavy oil producers

Thursday, July 30, 2020, 7 AM MDT

The effects and costs of climate change and other environmental factors are hastening a global energy transition in which the…

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​Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership

Wednesday, July 29, 2020, 9:38 PM MDT

French energy giant Total SA says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and…

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​Oilsands production expected to rebound after pandemic-linked 2020 slump

Wednesday, July 29, 2020, 6:11 AM MDT

A new report predicts Canadian oilsands production will have its biggest annual decline on record this year, dropping by an…

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​Deutsche Bank says it won't back any new oilsands or coal projects

Tuesday, July 28, 2020, 6:37 AM MDT

Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new…

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​MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

Tuesday, July 28, 2020, 6:16 AM MDT

Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil…

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​Cenovus takes advantage of cheap credits to boost oil output

Monday, July 27, 2020, 6:40 AM MDT

Cenovus Energy Inc. is taking advantage of a plunge in the price for credits that allow the oilsands company to…

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​Suncor Energy facing environmental charges

Monday, July 27, 2020, 6:26 AM MDT

Suncor Energy Inc. is facing seven environmental charges for an incident alleged to have occurred two years ago at its…

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​Cenovus, Suncor choose different paths on restoring oil output as prices recover

Thursday, July 23, 2020, 4:59 PM MDT

Two of Canada's biggest oilsands producers are taking different approaches to restoring production that was shut down during the pandemic…

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Suncor CEO signals caution about restarting oil output as economy recovers

Thursday, July 23, 2020, 4:55 PM MDT

The CEO of Suncor Energy Inc. says the company won’t quickly ramp up oil production despite recent higher crude prices…

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​Cenovus Energy swings to $235 million loss in second quarter on weak oil prices

Thursday, July 23, 2020, 6:18 AM MDT

Cenovus Energy Inc. swung to a $235-million loss in the second quarter reflecting weak crude oil prices early in the…

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​Suncor reports Q2 net loss of $614M as production falls by almost one fifth

Thursday, July 23, 2020, 6:15 AM MDT

Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal…

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