Oilsands & Heavy Oil

MEG chief executive sees ‘tremendous demand’ for Alberta oil

Monday, March 7, 2022, 6:14 AM MST

The chief executive of MEG Energy Corp. sees “tremendous demand” for Alberta oil due to the war in Ukraine and…

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MEG Energy earns $177M in fourth quarter, announces share buyback plan

Monday, March 7, 2022, 6:10 AM MST

MEG Energy Corp. earned $177 million in its fourth quarter and says it will soon reach its net debt target…

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Parkland Q4 profit down, hurt by refinery pause due to B.C. floods, raises dividend

Friday, March 4, 2022, 6:40 AM MST

Parkland Corp. reported its fourth-quarter profit fell compared with a year ago, hurt by a pause in refinery processing operations…

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Crescent Point Energy reports $121.6M Q4 profit on strong Kaybob Duvernay results

Friday, March 4, 2022, 6:20 AM MST

Crescent Point Energy Corp. reported strong results from its recently acquired Kaybob Duvernay assets in Alberta, along with soaring profits…

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Canadian Natural Resources reports Q4 profit up, raises quarterly dividend

Friday, March 4, 2022, 6:13 AM MST

Canadian Natural Resources Ltd. raised its quarterly dividend by 28 per cent Thursday, as it reported surging fourth-quarter profits against…

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Canadian crude inventories shrink in threat to U.S. supplies

Wednesday, February 9, 2022, 7:09 AM MST

Canadian crude inventories are dwindling as oilsands producers prepare to shut some operations for maintenance, potentially adding to U.S. supply…

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Cenovus CEO says current high oil prices can't be banked on moving forward

Wednesday, February 9, 2022, 6:06 AM MST

Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight-year…

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Suncor adopting mining safety technology for first time in oilsands, says CEO

Friday, February 4, 2022, 6:10 AM MST

The chief executive of Suncor Energy Inc. says the company is adopting mining safety technology for the first time in…

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Imperial Oil raises dividend as high crude prices power Q4 profit, revenues

Wednesday, February 2, 2022, 6:15 AM MST

Imperial Oil Limited is raising its quarterly dividend after higher crude oil prices contributed to a doubling of revenues and a…

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Oilsands stocks surge even as climate-conscious exit

Friday, January 28, 2022, 7:01 AM MST

Canada’s oil companies are outperforming their energy-producing peers as the highest oil prices in seven years brings a windfall of…

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CAPP expects oil and gas investment to rise 22 per cent this year to $32.8 billion

Friday, January 21, 2022, 6:11 AM MST

Canada's largest oil and gas industry group says capital spending in the oilpatch will hit $32.8 billion this year, a…

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Suncor provides details on worker death; CEO says recent incidents 'not acceptable'

Wednesday, January 19, 2022, 6:25 AM MST

The chief executive of Suncor Energy Inc. says the company must do more to improve workplace safety after a truck…

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