Oilsands & Heavy Oil


Alberta Appeal Court keeps $217 million oilpatch cleanup liability case alive

Tuesday, March 29, 2022, 6:12 AM MDT

A bankruptcy hearing that could determine whether more than $200 million in oilpatch environmental liabilities wind up on the public…

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Drillers awaken in Canada as war leaves world begging for oil

Tuesday, March 15, 2022, 6:56 AM MDT

Canada’s slumbering oil industry is beginning to stir. For years, the country’s drillers, like those in the shale fields of…

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Alberta oilsands land sale earns most in decade as crude surges

Tuesday, March 15, 2022, 6:14 AM MDT

Alberta’s government earned the most in more than 10 years in a sale of rights to develop oilsands land just…

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Suncor is getting no relief for sanction-hit ship, minister says

Wednesday, March 9, 2022, 6:36 AM MST

Suncor Energy Inc. is not getting any relief from the Canadian government after a Russian-owned tanker it chartered was hit…

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MEG chief executive sees ‘tremendous demand’ for Alberta oil

Monday, March 7, 2022, 6:14 AM MST

The chief executive of MEG Energy Corp. sees “tremendous demand” for Alberta oil due to the war in Ukraine and…

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MEG Energy earns $177M in fourth quarter, announces share buyback plan

Monday, March 7, 2022, 6:10 AM MST

MEG Energy Corp. earned $177 million in its fourth quarter and says it will soon reach its net debt target…

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Parkland Q4 profit down, hurt by refinery pause due to B.C. floods, raises dividend

Friday, March 4, 2022, 6:40 AM MST

Parkland Corp. reported its fourth-quarter profit fell compared with a year ago, hurt by a pause in refinery processing operations…

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Crescent Point Energy reports $121.6M Q4 profit on strong Kaybob Duvernay results

Friday, March 4, 2022, 6:20 AM MST

Crescent Point Energy Corp. reported strong results from its recently acquired Kaybob Duvernay assets in Alberta, along with soaring profits…

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Canadian Natural Resources reports Q4 profit up, raises quarterly dividend

Friday, March 4, 2022, 6:13 AM MST

Canadian Natural Resources Ltd. raised its quarterly dividend by 28 per cent Thursday, as it reported surging fourth-quarter profits against…

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Canadian crude inventories shrink in threat to U.S. supplies

Wednesday, February 9, 2022, 7:09 AM MST

Canadian crude inventories are dwindling as oilsands producers prepare to shut some operations for maintenance, potentially adding to U.S. supply…

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Cenovus CEO says current high oil prices can't be banked on moving forward

Wednesday, February 9, 2022, 6:06 AM MST

Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight-year…

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Suncor adopting mining safety technology for first time in oilsands, says CEO

Friday, February 4, 2022, 6:10 AM MST

The chief executive of Suncor Energy Inc. says the company is adopting mining safety technology for the first time in…

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