Oilsands & Heavy Oil
International ban on heavy fuel in Arctic shipping full of gaps: environmentalists
Sunday, November 22, 2020, 6:32 PM MST
Environmental groups say a new ban on a highly polluting shipping fuel in Arctic waters is full of gaps and…
Pandemic resurgence stalls fuel demand recovery: Imperial Oil chief executive
Friday, November 20, 2020, 6:06 AM MST
The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels…
Junior producer Osum Oil Sands rejects Waterous Energy Fund share offer as inadequate
Thursday, November 19, 2020, 5:11 PM MST
Private junior oilsands producer Osum Oil Sands Corp. says shareholders should reject a $126-million bid by Calgary investment firm Waterous…
Ovintiv criticized by activist over ‘excessive’ pay
Wednesday, November 18, 2020, 6:39 AM MST
Activist investor Kimmeridge Energy Management Co. has built new positions in Ovintiv Inc., PDC Energy Inc., and Cimarex Energy Co.…
Conditions right for consolidation as Canadian Natural reports profit, says CNRL president
Friday, November 6, 2020, 6:25 AM MST
Conditions are right for more merger and acquisition activity in the Canadian oil and gas sector, says the president of…
Waterous Energy Fund to bid $126 million to increase Osum Oil Sands stake to 85%
Wednesday, November 4, 2020, 6:14 AM MST
Calgary-based Waterous Energy Fund says it intends to launch a formal takeover bid for private junior oilsands producer Osum Oil…
Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage
Monday, November 2, 2020, 5:57 AM MST
Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and…
Suncor says end of Alberta oil quotas a "positive signal" as it reports $302 million loss
Friday, October 30, 2020, 6:19 AM MDT
The Alberta government's decision to end its oil production curtailment program in December after almost two years is “a very…
Suncor Energy misses expectations with $302M loss on lower production, prices
Thursday, October 29, 2020, 6:29 AM MDT
Suncor Energy Inc. is reporting a third-quarter operating loss of $302 million or 20 cents per share as revenue fell…
Alberta to stop limits on oil production in December after nearly two years
Friday, October 23, 2020, 10:32 AM MDT
Alberta's UCP government says it will end oil curtailment quotas in December, nearly two years after the previous NDP government…
$100 million fund to be used to cut oilpatch emissions, fuel new product development
Friday, October 23, 2020, 6:19 AM MDT
A contribution of $100 million from Ottawa will assist with the commercialization of new products from Canada's oil and gas…
Heavy oil scarcity to boost Canadian oilsands prices next year
Thursday, October 22, 2020, 6:37 AM MDT
Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle,…
