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…

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​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…

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​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…

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​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…

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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…

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​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…

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​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…

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​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…

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​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…

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​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…

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​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…

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​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…

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