Oil Sands
News
May 05, 2020
Canadian heavy crude surged to its strongest price versus futures since at least 2008 as producers curtailed output and Enbridge Inc. agreed to open part of its pipeline system for storage.
News
March 27, 2020
Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.
News
March 15, 2020
Canadian oil and gas companies are cutting C$2.4 billion to C$3.5 billion ($1.7 billion-$2.5 billion) from their budgets for this year as low prices make most production unprofitable.
News
February 25, 2020
The cancellation of Teck Resources' Frontier project in northern Alberta - which envisaged producing more crude than OPEC member Gabon - epitomizes the struggles of an industry that has already seen most foreign investors flee...
News
January 30, 2020
Capital spending in the world’s third-largest crude reserves is projected to rise 8.4% to C$11.6 billion ($8.8 billion) this year, according to the Canadian Association of Petroleum Producers, the industry’s main lobbying group.
News
January 29, 2020
Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after the $5.5 billion acquisition of Newfield Exploration Co. in 2018.
Article
January 2020
Hope for the Canadian oil industry?
News
January 16, 2020
Temperatures of -30 degrees Celsius (-22 Fahrenheit) and lower have descended on Alberta and Saskatchewan -- cold enough to render the region’s viscous oil rock solid.
News
January 14, 2020
Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage flows of the fuel.
News
January 09, 2020
Cenovus Energy Inc. joined some of its oil-sands peers in setting a goal of reaching net-zero emissions from its operations, part of a push to improve the industry’s reputation and win over environmentally minded investors.
News
December 03, 2019
Capital spending in Canada’s oil-sands reserves look set to continue to dwindle as pipeline bottlenecks persist and the Alberta government’s production limits remain in place.
News
August 20, 2019
Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting -- and some analysts are calling on him to stop the bleeding.
News
June 05, 2019
Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly 4 MMbpd by 2030 – nearly one million more than today, according to a new 10-yr production forecast by business information provider IHS Markit.
News
May 30, 2019
Canadian Natural Resources Ltd. can’t yet claim the “King of the Oil Sands” status, but it’s a lot closer to overtaking its rival Suncor Energy Inc. after buying a key Athabasca drilling site.
News
May 03, 2019
TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects.
News
April 30, 2019
Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks.
News
April 02, 2019
Local wildcatters that pump light crude far from the giant oil-sands mines of northern Alberta are getting a big price boost from the curtailments announced at the start of December, without the headaches.
News
March 17, 2019
ExxonMobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-mandated production cuts.
News
March 13, 2019
Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production.
News
March 07, 2019
Drillers are moving ahead in a corner of Canada’s oil sands that saw a flurry of land grabs in recent years, unfazed by a glut of crude that depressed prices last year and the mandatory production cuts that followed.
News
February 27, 2019
A relentless increase in production from Alberta’s oil sands and higher crude prices in the first half of the year are powering the province’s budget through a pipeline shortage that has weighed on economic growth.
