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…

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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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,…

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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…

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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…

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