Oilsands & Heavy Oil


Politicians raise concerns about carbon pricing benefits given to oilsands companies

Thursday, December 9, 2021, 6:31 AM MST

Federal and Alberta Opposition politicians want the province to be more transparent about a government program supporting profitable oilsands and…

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Feds expected to release details of carbon capture tax credit soon, says Cenovus

Thursday, December 9, 2021, 6:23 AM MST

Cenovus Energy Inc. says Ottawa's forthcoming release of details about its proposed tax credit for carbon capture, utilization and storage…

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Cenovus Energy plans $2.6 billion to $3 billion capital spending budget for 2022

Thursday, December 9, 2021, 6:17 AM MST

Cenovus Energy Inc. has increased its capital spending budget for next year, against the backdrop of a global commodity boom…

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Savage looks ahead to the next World Petroleum Congress in Calgary

Wednesday, December 8, 2021, 3:52 PM MST

As the 23rd World Petroleum Congress in Houston comes to an end this week, Alberta Energy Minister Sonya Savage is already…

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Suncor CEO shines spotlight on oilsands partnership, need for collaboration to cut GHG emissions

Wednesday, December 8, 2021, 3:35 PM MST

(Houston) — An “unprecedented global collaboration” like the Oil Sands Pathways to Net Zero initiative is just the type of…

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ExxonMobil CEO cites Canadian GHG reduction efforts

Monday, December 6, 2021, 2:25 PM MST

(Houston) — Oil and gas companies must deliver on climate action while also ensuring low-cost and secure energy supply, the…

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Parkland moves to pause refinery operations due to Trans Mountain shutdown

Wednesday, November 24, 2021, 6:25 AM MST

Parkland Corp. is moving to pause its refinery processing operations in Burnaby, B.C., due to a lack of crude oil…

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Energy crisis gives oilsands producers windfall for green projects

Friday, November 19, 2021, 7:22 AM MST

The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the…

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Ottawa must consult provinces on emissions cap for oil, gas industry: Alberta premier

Tuesday, November 16, 2021, 6 AM MST

Alberta Premier Jason Kenney warned the federal government on Monday that it must consult with the provinces as Ottawa moves…

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Oilpatch drilling activity to rise in 2022, new PSAC forecast suggests

Friday, November 12, 2021, 6:20 AM MST

Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast. The…

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Canadian Natural Resources to acquire Storm Resources for $6.28 per share

Friday, November 12, 2021, 6:12 AM MST

Canadian Natural Resources Ltd. (CNRL) says it has reached a deal to acquire Calgary-based oil and gas explorer Storm Resources…

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MEG Energy CEO doesn't expect Line 5 dispute to hurt ability to move heavy oil

Wednesday, November 10, 2021, 6:29 AM MST

The chief executive of MEG Energy said Tuesday he doesn't expect the ongoing dispute between Canada and the U.S. over…

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