Oilsands & Heavy Oil

​Athabasca Oil to shut down Hangingstone SAGD oilsands project and cut staff

Monday, April 6, 2020, 6:57 AM MDT

Athabasca Oil Corp. is suspending operations at its Hangingstone SAGD oilsands operation due to the drop in oil prices and…

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​Massive new mine could be oilsands’ first big price war victim

Thursday, April 2, 2020, 6:41 AM MDT

The last major oilsands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian…

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​Cenovus Energy suspends dividend, cuts capital spending plan, salaries

Thursday, April 2, 2020, 6 AM MDT

Cenovus Energy Inc. is temporarily suspending its dividend and cutting its capital spending plan by an additional $150 million on…

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​Oil price crash expected to hit thermal oilsands production in Western Canada

Monday, March 30, 2020, 6:52 AM MDT

Record low prices for oilsands crude could result in up to 20 per cent of Canada's thermal bitumen production being…

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​Fort McMurray mayor says ‘time to act decisively’ on keeping COVID-19 away

Thursday, March 26, 2020, 6:26 AM MDT

The mayor of Fort McMurray says the northeastern Alberta city and surrounding communities are especially vulnerable to COVID-19 because tens…

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​'We did it right:' COVID 19 scare at oilsands work camp tests businesses' plans

Wednesday, March 25, 2020, 1:34 PM MDT

A COVID-19 scare at an oilsands staff lodge north of Fort McMurray last week tested the pandemic preparedness of one…

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​In rare step, oilsands giant Suncor shuts output to weather rout

Wednesday, March 25, 2020, 6:29 AM MDT

Record low prices for heavy Canadian crude have prompted one of the biggest operators in the oilsands to take the…

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​Sick worker at oilsands lodge north of Fort McMurray tests negative for COVID-19

Wednesday, March 25, 2020, 6:05 AM MDT

The operator of a work lodge north of Fort McMurray says a guest who fell ill last week does not…

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​Suncor cuts capital spending by 26 per cent amid price rout

Tuesday, March 24, 2020, 6:41 AM MDT

Canada's largest oil and gas company said it would cut its capital program this year by 26 per cent as…

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​Fort McMurray worker camp sends guest to hospital with suspected COVID 19

Monday, March 23, 2020, 6:45 AM MDT

The operator of one of the many worker lodges in the Fort McMurray area of northern Alberta confirms that a…

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​Oilsands workers brace for ‘hellish’ outbreak in remote camps

Monday, March 23, 2020, 6:39 AM MDT

As if the market crash threatening their jobs wasn’t stressful enough, workers in Canada’s oilsands are bracing for the coronavirus…

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​Oilsands’ first capital spending gain in 5 years put into doubt

Wednesday, March 11, 2020, 6:21 AM MDT

The first capital spending boost in Canada’s oilsands in half a decade is in doubt after the global oil-price plunge…

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