Oilsands & Heavy Oil

Junior oilsands producer Osum endorses Waterous Energy's sweetened takeover bid

Friday, February 19, 2021, 6:26 AM MST

The leadership at private junior oilsands producer Osum Oil Sands Corp. say they will sell their shares after Waterous Energy…

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TC Energy expects 'substantive' charge related to Keystone XL permit revocation

Thursday, February 18, 2021, 6:14 AM MST

TC Energy Corp. says it expects to take a “substantive'' charge when it reports its first-quarter results for 2021 due…

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Teck Resources takes Fort Hills charge, reports Q4 loss

Thursday, February 18, 2021, 6:10 AM MST

Teck Resources Ltd. reported a loss in its fourth-quarter as the company took a hit related to its investment in…

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Top netbacks: Oil and gas weighted producers

Tuesday, February 16, 2021, 6:41 AM MST

New data from Evaluate Energy shows that MEG Energy’s oilsands operations generate the highest overall operating netback per barrel among…

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First Nation lauds plan to protect traditional land use in oilsands management plan

Wednesday, February 10, 2021, 6:33 AM MST

The Alberta government says it has completed a plan to manage oilsands development in an area near the Fort McKay…

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Cenovus Energy reports $153M Q4 loss compared with $113M profit a year ago

Tuesday, February 9, 2021, 6:07 AM MST

Cenovus Energy Inc. reported a loss in the final quarter of 2020 compared with a profit a year earlier. The…

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Suncor Energy restarts carbon emission cutting projects despite vow of austerity

Friday, February 5, 2021, 6:07 AM MST

The CEO of Suncor Energy Inc. says it will not increase capital spending this year despite higher oil prices, instead…

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Suncor Energy notes fourth quarter loss on lower revenue, writedowns

Thursday, February 4, 2021, 6:13 AM MST

Suncor Energy Inc. is reporting a fourth-quarter net loss of $168 million or 11 cents per share, compared with a…

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Hit by pandemic, oil giants Exxon, BP post huge 2020 losses

Wednesday, February 3, 2021, 6:10 AM MST

Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil…

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Imperial Oil reports loss, sees pandemic related fuel demand cut

Wednesday, February 3, 2021, 6:06 AM MST

Sagging fuel demand due to lockdowns to deal with a second wave of the COVID-19 pandemic is again cutting into…

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Imperial Oil reports $1.15B Q4 loss due to a writedown of unconventional asset

Tuesday, February 2, 2021, 6:32 AM MST

Imperial Oil Ltd. reported a loss of $1.15 billion for its fourth-quarter as it took a $1.17-billion non-cash charge related…

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Alberta gives inquiry into oil and gas critics another extension to complete report

Monday, February 1, 2021, 6:23 AM MST

The Alberta government has given an inquiry into the funding of oil and gas industry critics another deadline extension to…

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