Oilsands & Heavy Oil
MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output
Tuesday, July 28, 2020, 6:16 AM MDT
Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil…
Cenovus takes advantage of cheap credits to boost oil output
Monday, July 27, 2020, 6:40 AM MDT
Cenovus Energy Inc. is taking advantage of a plunge in the price for credits that allow the oilsands company to…
Suncor Energy facing environmental charges
Monday, July 27, 2020, 6:26 AM MDT
Suncor Energy Inc. is facing seven environmental charges for an incident alleged to have occurred two years ago at its…
Cenovus, Suncor choose different paths on restoring oil output as prices recover
Thursday, July 23, 2020, 4:59 PM MDT
Two of Canada's biggest oilsands producers are taking different approaches to restoring production that was shut down during the pandemic…
Suncor CEO signals caution about restarting oil output as economy recovers
Thursday, July 23, 2020, 4:55 PM MDT
The CEO of Suncor Energy Inc. says the company won’t quickly ramp up oil production despite recent higher crude prices…
Cenovus Energy swings to $235 million loss in second quarter on weak oil prices
Thursday, July 23, 2020, 6:18 AM MDT
Cenovus Energy Inc. swung to a $235-million loss in the second quarter reflecting weak crude oil prices early in the…
Suncor reports Q2 net loss of $614M as production falls by almost one fifth
Thursday, July 23, 2020, 6:15 AM MDT
Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal…
Oilsands’ slow return keeps Canadian pipelines partly empty
Wednesday, July 22, 2020, 8:52 AM MDT
Canada’s oilsands producers are taking their time at restoring production, leaving the country’s normally congested pipelines with room to spare.Enbridge…
Aid for energy heavily weighted towards fossil fuels in COVID-19 response
Wednesday, July 15, 2020, 8:06 PM MDT
Federal energy and environment officials were warned in late April that Canada's clean-tech sector was in danger as COVID-19 knocked…
N.W.T. ignored in Alberta monitoring suspension despite agreement: leaked emails
Monday, July 13, 2020, 6:04 AM MDT
Alberta suspended environmental monitoring for oilsands companies without notifying the Northwest Territories, despite a legally binding agreement to do so.The…
Oilsands companies restoring production as demand growth spurs higher prices
Tuesday, July 7, 2020, 4:51 PM MDT
Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic…
U.S. Supreme Court deals blow to Keystone oil pipeline project
Tuesday, July 7, 2020, 6:18 AM MDT
The U.S. Supreme Court handed another setback to the Keystone XL oilsands pipeline on Monday by keeping in place a…
