Oilsands & Heavy Oil
Oilsands majors accrue $7.8 billion in free cash flow
Wednesday, October 13, 2021, 6 AM MDT
Canada’s oilsands majors continue to generate huge amounts of free cash flow in 2021. Higher commodity prices in the first…
Oil price spike won't increase industry cleanup spending: Alberta energy minister
Tuesday, October 12, 2021, 6:15 AM MDT
The current spike in oil prices is no reason to force industry to spend more on cleaning up Alberta's tens…
Suncor assumes operatorship of Syncrude joint venture in bid to improve performance
Monday, October 4, 2021, 6:03 AM MDT
Suncor Energy Inc. says it has assumed operatorship of the Syncrude oilsands project in a bid to improve its performance.…
A force majeure adds to crude supply woes
Thursday, September 23, 2021, 6:37 AM MDT
Syncrude Canada Ltd. cut September supplies due to a mechanical disruption at its oil sands site, according to a person…
Biden eyes biofuel cut that may ease pressure on refiners
Thursday, September 23, 2021, 6:30 AM MDT
The Biden administration is preparing to propose cutting biofuel quotas for 2020 and 2021, amid pressure from refining interests and…
Oxygen shortage forces Texas oil refinery to curtail operations
Friday, September 3, 2021, 6:33 AM MDT
A refinery in the key oil hub of Texas has suspended some of its operations due to a lack of…
Exxon taps strategic oil reserve after Ida shuts Gulf output
Friday, September 3, 2021, 6:28 AM MDT
Exxon Mobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left…
Enbridge to start moving crude in new pipeline
Thursday, September 2, 2021, 6:29 AM MDT
Enbridge Inc. is getting ready to ship crude from the oilsands in the first new cross-border oil-sands conduit built between…
Imperial to produce renewable diesel at Strathcona refinery using locally grown crops
Wednesday, August 25, 2021, 2:37 PM MDT
Imperial Oil Limited is planning to build a renewable diesel complex at its Strathcona refinery near Edmonton, using locally grown…
Brookfield wins investor support for Inter Pipeline deal
Monday, August 23, 2021, 6:26 AM MDT
Brookfield Infrastructure Partners LP has won enough shareholder backing to push ahead with its C$8.6 billion ($6.7 billion) takeover of…
Enbridge’s Line 3 could start shipping next month
Monday, August 16, 2021, 6:42 AM MDT
A key pipeline linking Canada’s oilsands to U.S. markets could start shipping crude as early as next month. Enbridge Inc.’s…
Indigenous group seeks Trans Mountain stake after Keystone death
Wednesday, August 11, 2021, 6:29 AM MDT
Natural Law Energy, the Canadian Indigenous group that sought a stake in the now defunct Keystone XL pipeline, has shifted…
