Oilsands & Heavy Oil


MEG Energy has record quarter as high prices boost profits and revenues up 68%

Tuesday, May 3, 2022, 6:22 AM MDT

MEG Energy Inc. says higher energy prices contributed to it earning a $362-million profit in its latest quarter as revenues…

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Suncor's safety record in the spotlight as activist investor calls for change

Tuesday, May 3, 2022, 6:19 AM MDT

A string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as…

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TC Energy interested in helping bring nuclear power to oilsands

Monday, May 2, 2022, 6:11 AM MDT

The head of Canadian pipeline giant TC Energy Corp. says the company sees a future opportunity to get involved in…

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Imperial Oil posts $1.17B first quarter profit, best in over 30 years

Friday, April 29, 2022, 12:01 PM MDT

High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years, though production at the…

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Elliott Investment Management seeking changes at Suncor Energy

Friday, April 29, 2022, 6:24 AM MDT

One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of…

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Federal tax credit not enough to get carbon capture projects built: Cenovus CEO

Thursday, April 28, 2022, 6:13 AM MDT

The investment tax credit unveiled by the federal government earlier this month isn't enough to convince Canada's major oilsands producers…

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Cenovus Energy reports $1.6B first quarter profit, triples dividend

Wednesday, April 27, 2022, 6:26 AM MDT

Cenovus Energy Inc. tripled its dividend as it reported a first-quarter profit of $1.6 billion. The company says its base…

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CNOOC wins regulatory approval to restart oilsands upgrader

Monday, April 18, 2022, 6:30 AM MDT

CNOOC Ltd. was granted permission to resume operation of its long-shuttered Long Lake oilsands upgrader amid a report that the…

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Budget 2022: Ottawa unveils $2.6B carbon capture tax credit for energy sector

Friday, April 8, 2022, 6:11 AM MDT

Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for…

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Guilbeault pens letter to Suncor over oilsands mine expansion

Friday, April 8, 2022, 6:09 AM MDT

Federal Environment Minister Steven Guilbeault has warned Canada’s biggest oilsands producer that its planned mine expansion may not meet climate…

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One person sent to hospital following fire at Suncor refinery

Thursday, March 31, 2022, 6:49 AM MDT

Suncor Energy Inc.’s efforts to improve its safety record suffered a setback on Wednesday after a person was injured due…

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Carbon capture tax credit a divisive topic; opinions split over potential benefits

Thursday, March 31, 2022, 6:23 AM MDT

A forthcoming federal tax credit for carbon capture and storage is spurring debate between those who say it will help…

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