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…

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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…

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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…

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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…

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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…

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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…

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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…

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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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