Oilsands & Heavy Oil

Oil refiners in China log another record in challenge to U.S.

Thursday, July 15, 2021, 6:25 AM MDT

Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass…

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Brookfield Infrastructure boosts hostile bid for Inter Pipeline

Thursday, July 15, 2021, 6:19 AM MDT

Brookfield Infrastructure Partners LP raised its hostile offer for Inter Pipeline Ltd. to C$8.6 billion ($6.8 billion) in cash in…

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Brookfield says it may sweeten pipeline bid after Alberta ruling

Tuesday, July 13, 2021, 6:33 AM MDT

Brookfield Infrastructure Partners LP said it’s considering “further enhancements” to its hostile takeover bid for Inter Pipeline Ltd., one day…

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Regulator says Brookfield used 'abusive' tactics in hostile bid for Inter Pipeline

Tuesday, July 13, 2021, 5:57 AM MDT

Alberta's securities regulator has said Brookfield Infrastructure Partners LP used “abusive'' tactics in its attempt to acquire Calgary-based Inter Pipeline…

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Oilsands carbon cuts come with $60 billion bill, loose ends

Thursday, July 8, 2021, 6:14 AM MDT

It will cost about C$75 billion ($60 billion) to zero out greenhouse gases from oilsands operations by 2050, with a…

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Government of Alberta takes 50% stake in Sturgeon Refinery for $825 million

Tuesday, July 6, 2021, 6:02 AM MDT

The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery by paying $825 million to reduce…

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How are North American oil and gas producers using their cash?

Monday, June 28, 2021, 6:19 AM MDT

Early 2021 saw revenues and operating cash flow soar in the North American oil and gas industry. A new report…

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Key U.S. oil storage hub seen depleting as producers hold tight

Friday, June 25, 2021, 6:40 AM MDT

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.…

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Brookfield Infrastructure revises Inter Pipeline bid to include all cash option

Friday, June 18, 2021, 6:39 AM MDT

Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to…

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Suncor to increase minority stake in Terra Nova as part of ownership restructuring

Thursday, June 17, 2021, 6:13 AM MDT

Suncor Energy Inc. says it has reached an agreement in principle to increase its minority ownership of the Terra Nova…

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Canada's crude oil exports have increased 15-fold in 30 years: report

Tuesday, June 15, 2021, 6:04 AM MDT

The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a…

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Minnesota court affirms approval of Line 3 oil pipeline

Monday, June 14, 2021, 3:26 PM MDT

The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Inc's Line 3 oil pipeline replacement project, in…

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