Oilsands & Heavy Oil

Strong earnings by Suncor may not be enough to fend off shareholder pressure: experts

Wednesday, May 11, 2022, 6:08 AM MDT

Suncor Energy Inc. now has strong first-quarter earnings in its arsenal and a publicized plan to improve worker safety, but…

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Suncor uninterested in selling Petro Canada, CEO says despite shareholder pressure

Tuesday, May 10, 2022, 1:29 PM MDT

Suncor Energy Inc. is not interested in selling off its Petro-Canada retail network, the oil giant's chief executive said Tuesday,…

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Suncor Energy reports earnings of $2.95B as oil prices surge

Tuesday, May 10, 2022, 6:13 AM MDT

Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period…

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MEG Energy has record quarter as high prices boost profits and revenues up 68%

Tuesday, May 3, 2022, 6:22 AM MDT

MEG Energy Inc. says higher energy prices contributed to it earning a $362-million profit in its latest quarter as revenues…

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Suncor's safety record in the spotlight as activist investor calls for change

Tuesday, May 3, 2022, 6:19 AM MDT

A string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as…

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TC Energy interested in helping bring nuclear power to oilsands

Monday, May 2, 2022, 6:11 AM MDT

The head of Canadian pipeline giant TC Energy Corp. says the company sees a future opportunity to get involved in…

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Imperial Oil posts $1.17B first quarter profit, best in over 30 years

Friday, April 29, 2022, 12:01 PM MDT

High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years, though production at the…

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Elliott Investment Management seeking changes at Suncor Energy

Friday, April 29, 2022, 6:24 AM MDT

One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of…

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Federal tax credit not enough to get carbon capture projects built: Cenovus CEO

Thursday, April 28, 2022, 6:13 AM MDT

The investment tax credit unveiled by the federal government earlier this month isn't enough to convince Canada's major oilsands producers…

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Cenovus Energy reports $1.6B first quarter profit, triples dividend

Wednesday, April 27, 2022, 6:26 AM MDT

Cenovus Energy Inc. tripled its dividend as it reported a first-quarter profit of $1.6 billion. The company says its base…

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CNOOC wins regulatory approval to restart oilsands upgrader

Monday, April 18, 2022, 6:30 AM MDT

CNOOC Ltd. was granted permission to resume operation of its long-shuttered Long Lake oilsands upgrader amid a report that the…

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Budget 2022: Ottawa unveils $2.6B carbon capture tax credit for energy sector

Friday, April 8, 2022, 6:11 AM MDT

Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for…

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