Oilsands & Heavy Oil

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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ExxonMobil CEO cites Canadian GHG reduction efforts

Monday, December 6, 2021, 2:25 PM MST

(Houston) — Oil and gas companies must deliver on climate action while also ensuring low-cost and secure energy supply, the…

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Parkland moves to pause refinery operations due to Trans Mountain shutdown

Wednesday, November 24, 2021, 6:25 AM MST

Parkland Corp. is moving to pause its refinery processing operations in Burnaby, B.C., due to a lack of crude oil…

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Energy crisis gives oilsands producers windfall for green projects

Friday, November 19, 2021, 7:22 AM MST

The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the…

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