Oil Sands
News
November 27, 2015
Suncor Energy Inc. said it may scrap its $4.5 billion hostile bid for Canadian Oil Sands Ltd. if Alberta regulators endorse a poison pill that would give the target company more time to find other bidders.
News
November 26, 2015
Suncor Energy Inc.’s battle for Canadian Oil Sands Ltd. is getting more crowded.
News
November 23, 2015
Canada’s oil sands are about to be put on a carbon diet as the country strives to overcome the “dirty oil” label used by President Barack Obama in rejecting the Keystone XL pipeline.
News
November 23, 2015
Four of Canada's largest oil sands producers have come together to demonstrate leadership on climate change.
News
November 20, 2015
The chief executive officers of Suncor Energy Inc. and Canadian Oil Sands Ltd. both say they’ve got votes on their side as the nation’s top crude producer promotes a hostile takeover bid for its smaller rival. One of them is going to be disappointed.
News
November 10, 2015
Suncor Energy has successfully closed the previously announced purchase of an additional 10% working interest in the Fort Hills oil sands project from Total E&P Canada Ltd.
News
November 06, 2015
President Barack Obama’s rejection of the Keystone XL pipeline solidifies what the market has been saying for months -- there’s less appetite for expensive Canadian oil sands in an era of $45 crude.
News
November 06, 2015
Suncor Energy Inc. is stepping up its hostile C$4.3 billion ($3.3 billion) bid for Canadian Oil Sands Ltd. by asking Alberta regulators to strike down the target’s new shareholder rights plan aimed at preventing its takeover.
News
October 30, 2015
Canadian Oil Sands Ltd., the largest owner of the Syncrude venture in northern Alberta, said it’s considering alternatives to Suncor Energy Inc.’s C$4.3 billion ($3.3 billion) hostile takeover bid and has already had interest from possible suitors.
News
October 28, 2015
Royal Dutch Shell Plc made its second major strategic change in as many months, saying it will take a $2 billion charge as it shelves an oil-sands project in Alberta after walking away from an Arctic drilling program.
News
October 19, 2015
Canadian Oil Sands Ltd. urged shareholders to reject Suncor Energy Inc.’s C$4.3-billion ($3.3-billion) hostile takeover, accusing the larger rival of undervaluing its business and exploiting undisclosed information about a partnership in making a low-ball offer.
News
October 07, 2015
Suncor Energy Inc. expects Canadian Oil Sands Ltd. to reject its C$4.3 billion ($3.3 billion) hostile takeover, so it’s striving to convince shareholders of the merits of the deal, CEO Steve Williams said.
News
October 05, 2015
Suncor Energy has made an unsolicited offer to Canadian Oil Sands (COS) shareholders to acquire all of the outstanding shares of COS for a total consideration of approximately C$4.3 billion ($3.3 billion), Calgary-based Suncor said Monday.
News
October 01, 2015
A longtime Canadian advocate for the Keystone XL pipeline is blaming his former boss, Alberta Premier Rachel Notley, for dropping the ball on the project and handing U.S. President Barack Obama a blank check to reject it.
News
September 21, 2015
Total has signed an agreement to sell a 10% interest in the Fort Hills oil sands mining project to the operating partner Suncor Energy.
News
September 07, 2015
The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude.
News
September 01, 2015
ConocoPhillips has delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, the company said Tuesday.
News
September 01, 2015
Cenovus Energy has closed its purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta.
News
August 30, 2015
The Alberta Energy Regulator has ordered the immediate suspension of 15 pipeline licenses issued to Nexen, the Canadian unit of China’s Cnooc Ltd., after finding “noncompliant activities” at the company’s Long Lake oil-sands operations.
News
August 17, 2015
Alberta’s energy regulator restricted applications by oil and natural gas operators to withdraw water from the Athabasca River amid dry conditions in the province.
