Oilsands & Heavy Oil
Hit by pandemic, oil giants Exxon, BP post huge 2020 losses
Wednesday, February 3, 2021, 6:10 AM MST
Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil…
Imperial Oil reports loss, sees pandemic related fuel demand cut
Wednesday, February 3, 2021, 6:06 AM MST
Sagging fuel demand due to lockdowns to deal with a second wave of the COVID-19 pandemic is again cutting into…
Imperial Oil reports $1.15B Q4 loss due to a writedown of unconventional asset
Tuesday, February 2, 2021, 6:32 AM MST
Imperial Oil Ltd. reported a loss of $1.15 billion for its fourth-quarter as it took a $1.17-billion non-cash charge related…
Alberta gives inquiry into oil and gas critics another extension to complete report
Monday, February 1, 2021, 6:23 AM MST
The Alberta government has given an inquiry into the funding of oil and gas industry critics another deadline extension to…
Ottawa orders independent review panel for Suncor Energy oilsands mine extension
Monday, February 1, 2021, 6:05 AM MST
Ottawa says it is referring the impact assessment of a Suncor Energy Inc. oilsands mine extension in northern Alberta to…
Canadian drilling forecast rises on bump in commodity price expectations
Friday, January 29, 2021, 6:18 AM MST
The association representing oilfield service companies is boosting its 2021 drilling forecast by 29 per cent thanks to a stronger…
Cenovus unveils capital spending plan, confirms up to 2,150 layoffs still targeted
Friday, January 29, 2021, 6 AM MST
Most of the hundreds of layoffs expected in the wake of Cenovus Energy Inc.'s takeover of rival Husky Energy Inc.…
Cenovus Energy plans $2.3 billion to $2.7 billion in capital spending for 2021
Thursday, January 28, 2021, 6:28 AM MST
Cenovus Energy Inc. says its capital spending this year will total between $2.3 billion and $2.7 billion The 2021 budget…
Cautious optimism rules oilpatch as fourth quarter reporting season dawns
Thursday, January 28, 2021, 6:24 AM MST
Canada’s oil and gas producers are expected to maintain spending discipline in 2021 as optimism from stronger oil prices is…
Indigenous business coalition leader says Keystone XL denial will hurt communities
Monday, January 25, 2021, 6:09 AM MST
The cancellation of the Keystone XL pipeline by U.S. President Joe Biden is a major setback for Canadian Indigenous people,…
Political scientists say Kenney must rethink pugilistic approach on oil, environment
Friday, January 22, 2021, 6:22 AM MST
Political analysts say Premier Jason Kenney must rethink his traditional “fight back” approach and start building bridges to reconcile environmental…
Irving Oil lays off 60 workers from Saint John refinery, citing collapse in demand
Friday, January 22, 2021, 6:16 AM MST
Irving Oil has laid off 60 workers from its Saint John refinery, saying the pandemic has had an “extreme and…
