Oilsands & Heavy Oil

Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

Monday, August 8, 2022, 2:53 PM MDT

Cenovus Energy Inc. has signed a US$300-million deal that it says marks another step forward in its long-term strategy to…

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Suncor must stop diagnosing and start executing workplace safety changes: Interim CEO

Friday, August 5, 2022, 1:45 PM MDT

The new interim CEO of Suncor Energy Inc. says the oil and gas giant is ready to stop studying its…

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Suncor’s Q2 net profit increases more than fourfold year over year

Friday, August 5, 2022, 6:30 AM MDT

Suncor Inc. says it earned $3.99 billion in the second quarter of 2022, or $2.84 per common share, more than…

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Canadian Natural reports $3.5B profit in second quarter amid oil price spike

Thursday, August 4, 2022, 2:11 PM MDT

Canadian Natural Resources Ltd. reported a second-quarter profit that was more than double what it made in the same period…

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Proposed emissions cap on oil and gas sector 'overly ambitious': CNRL

Thursday, August 4, 2022, 2:05 PM MDT

The head of Canada's largest oil-and-gas producing company criticized the federal government's proposed emissions cap for the energy sector Thursday,…

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Imperial Oil CEO says Feds' approach to emissions getting 'very aggressive'

Tuesday, August 2, 2022, 6:21 AM MDT

Imperial Oil Ltd. CEO Brad Corson said Friday the federal government's strategy to reduce emissions and reach net-zero amounts to…

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MEG Energy posts $225 million profit, completes turnaround at Christina Lake facility

Friday, July 29, 2022, 6:25 AM MDT

MEG Energy Inc. reported a $225-million profit in its latest quarter as it completed on time and on budget the…

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Cenovus CEO says inflation 'manageable' as company posts massive upswing in Q2 profit

Friday, July 29, 2022, 6:16 AM MDT

Cenovus Energy Inc. chief executive Alex Pourbaix said Thursday that inflation has been “manageable'' for the energy company so far…

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Cenovus posts massive upswing in profit as Q2 net earnings reach $2.4 billion

Thursday, July 28, 2022, 6:24 AM MDT

Cenovus Energy Inc. recorded a massive upswing in profit in its latest quarter amid increased commodity prices and higher margins.…

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Feds propose to cap oil, gas emissions using industry specific carbon pricing system

Monday, July 18, 2022, 6:23 AM MDT

The federal government is proposing to use an industry-specific cap-and-trade system or a modified carbon pricing system to set a…

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Canada’s oilsands look into use of nuclear power as 'net zero changes everything'

Monday, July 18, 2022, 6:14 AM MDT

The pressing global need to slash emissions in the face of a growing climate crisis is driving renewed interest in…

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Suncor cancels investor update in wake of CEO's resignation

Tuesday, July 12, 2022, 6:25 AM MDT

Suncor Energy Inc. has cancelled its planned investor update about oilsands operations and safety in the wake of last week's…

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