Oilsands & Heavy Oil

Alberta to stop limits on oil production in December after nearly two years

Friday, October 23, 2020, 10:32 AM MDT

Alberta's UCP government says it will end oil curtailment quotas in December, nearly two years after the previous NDP government…

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$100 million fund to be used to cut oilpatch emissions, fuel new product development

Friday, October 23, 2020, 6:19 AM MDT

A contribution of $100 million from Ottawa will assist with the commercialization of new products from Canada's oil and gas…

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Heavy oil scarcity to boost Canadian oilsands prices next year

Thursday, October 22, 2020, 6:37 AM MDT

Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle,…

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Imperial ramps up Kearl oilsands mine output after diluent pipeline restored

Wednesday, September 16, 2020, 6:10 AM MDT

Imperial Oil Limited says it is ramping up production to normal rates at its Kearl oilsands mining operation in northern Alberta…

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Suncor shares fall on lower production after oilsands mine fire repairs wrap up

Wednesday, September 9, 2020, 6:05 AM MDT

Shares in Suncor Energy Inc. traded sharply lower on Tuesday after it trimmed 2020 production guidance despite restarting its Base…

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Inter Pipeline restores partial service on the western portion of Polaris system

Friday, September 4, 2020, 6:56 AM MDT

Inter Pipeline Ltd. has safely restored services to the JACOS/CNOOC Limited Hangingstone facility on the western portion of its Polaris…

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Imperial Oil's Kearl oilsands mine stops output due to diluent pipeline outage

Thursday, September 3, 2020, 6:28 AM MDT

The partial shutdown of a diluent supply pipeline following a spill near Fort McMurray has halted production at the Kearl…

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Global oil refining faces shake-up from Asian plastics boom

Wednesday, August 26, 2020, 7:04 AM MDT

As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take center…

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Work at Suncor’s Fort McMurray base plant affected until September due to fire

Tuesday, August 18, 2020, 7:04 AM MDT

Suncor Energy Inc. says it will be early September before mined bitumen production resumes at its base plant mining operation…

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Suncor shares slip after fire interrupts Fort McMurray oilsands mining output

Tuesday, August 18, 2020, 6:18 AM MDT

Shares in Suncor Energy Inc. fell Monday after it reported it will be early September before bitumen production resumes at…

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​Canadian Natural sets synthetic crude record while recording net loss of $310 million

Thursday, August 6, 2020, 11:41 AM MDT

Shares in Canadian Natural Resources Limited rose Thursday after it reported record production of synthetic crude oil and lower operating…

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​Exxon says 20% of oil, gas reserves threatened by low prices

Thursday, August 6, 2020, 7:12 AM MDT

Exxon Mobil Corporation warned that low energy prices may wipe as much as one-fifth of its oil and natural gas…

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