Oilsands & Heavy Oil


Cenovus shares hit highs not seen since 2017 ConocoPhillips deal

Friday, January 7, 2022, 6:30 AM MST

For a few fleeting hours Thursday, shares of Cenovus Energy Inc., one of Canada’s biggest oil producers, bounced back to…

Read Article


Worker killed, 2 injured, in truck crash at Suncor mine site

Friday, January 7, 2022, 6:13 AM MST

A worker was killed, and two others injured in a truck crash at Suncor Energy Inc.'s Base Mine site north…

Read Article


Deep freeze disrupts crude flows in oilsands and Bakken

Thursday, January 6, 2022, 6:43 AM MST

A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American…

Read Article


Imperial Oil expects $1.4 billion in capital spending next year

Friday, December 17, 2021, 6:56 AM MST

Imperial Oil Ltd. says it expects its capital spending to total $1.4 billion next year. The company says the plan…

Read Article


Cenovus to sell Tucker oilsands project for $800M; buyer not yet disclosed

Friday, December 17, 2021, 6:05 AM MST

Cenovus Energy Inc. says it has reached a deal to sell its Tucker thermal oilsands project in northeast Alberta for…

Read Article


Suncor expects production to rise five per cent next year, trims capex plan

Monday, December 13, 2021, 6:50 AM MST

Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021. The…

Read Article


Limits on oil production no longer needed, Alberta government says

Friday, December 10, 2021, 6:16 AM MST

Alberta will let its oil production curtailment policy expire on Dec. 31. UCP Energy Minister Sonya Savage says the province…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article


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…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.