Oil Sands
News
March 13, 2018
Turning Canada’s heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback.
News
February 15, 2018
Cenovus Energy Inc. CEO Alex Pourbaix said the oil-sands producer will consider selling more of its holdings in Alberta’s Deep basin -- but not exiting the play entirely -- to speed up efforts to repair its balance sheet.
Article
February 2018
With most economic indicators aligned, the Canadian industry is poised to rebound from its worst slump in 30 years. But political uncertainty is still the wildcard, as the impact of implementing climate change policies remains unknown.
News
February 09, 2018
Cenovus Energy Inc. is deeply saddened to report that there has been a fatality at the company’s Christina Lake oil sands site, which is located about 350 km northeast of Edmonton.
News
February 02, 2018
Alberta is striking back at British Columbia after the neighboring Canadian province proposed restricting shipments of oil-sands crude in a bid to halt Kinder Morgan Inc.’s Trans Mountain project.
News
January 30, 2018
Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil.
News
January 15, 2018
Husky Energy Inc., the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers.
Article
January 2018
The winter drilling season in the diverse shale plays scattered throughout the western Canada sedimentary basin (WCSB), is shaping up to be the busiest in three years.
News
November 17, 2017
Days before Nebraska regulators are set to rule on TransCanada Corp.’s XL extension to its Keystone pipeline, the existing conduit has sprung a major leak.
News
November 09, 2017
The company is awaiting a key approval from regulators in Nebraska on whether the long-delayed Keystone XL oil pipeline can proceed. That would be one of the last dominos to fall in an almost decade-long push to build a pipeline to bring more crude from Canada’s oil sands to U.S. Gulf Coast refineries. In the meantime, the company posted third-quarter results that met analysts’ estimates, and said it placed two smaller conduits into service.
News
November 02, 2017
The acquisition spree that returned much of Alberta’s oil sands to Canadian hands is so far working out as the buyers projected, with results at Canadian Natural Resources Ltd. and Cenovus Energy Inc. beating expectations on the back of higher output and lower costs.
News
October 30, 2017
Alex Pourbaix, a driving force behind TransCanada Corp.’s Keystone XL pipeline, has been named CEO at Cenovus Energy Inc., taking the reins as the company seeks to rebuild investor confidence following its $13.3-billion oil-sands buy earlier this year.
News
October 25, 2017
ESAI Energy forecasts growth from the Canadian oil sands will be a substantial 250,000 bpd in 2018, but as producers face challenges associated with relatively high costs in a recovering oil price environment, oil sands projects in the next few years will be leaner and smaller.
News
October 20, 2017
Cenovus Energy Inc. agreed to sell its Palliser crude field to Schlumberger Ltd. and Torxen Energy for C$1.3 billion ($1.04 billion), advancing efforts to pay down debt from its oil-sands mega deal earlier this year.
News
October 11, 2017
Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut.
News
October 04, 2017
Just 125 mi southwest of the Fort McMurray oil-sands hub in northern Alberta, investors are rushing to secure rights to land that produces crude at much lower costs than the massive operations the region’s known for. That’s because beneath the area’s characteristic oil-rich soil, which requires expensive extraction and refining techniques, there’s crude trapped between layers of rock that can be pumped with conventional gear.
News
September 28, 2017
Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50/bbl for their investments to pay off in the long run.
News
September 26, 2017
Cenovus Energy Inc. is selling oil and gas assets in Southern Alberta to the Swedish-Canadian Lundin family’s commodities empire, the latest effort to pay the tab on its takeover of ConocoPhillips’ oil-sands operations.
Article
August 2017
Amid increasing political uncertainty and a stagnant unemployment rate, Canadian operators are still fighting to regain E&P stability and drive pipeline projects forward.
News
July 14, 2017
OPEC producers are finding that shale oil drillers aren’t their only adversaries in their battle to drain a three-year crude glut.
News
July 03, 2017
In the heart of Canada’s biggest oil province, life is slowly returning to normal in Fort McMurray, Alberta. After a fire last year destroyed entire neighborhoods in the town and halted about 1 MMbbl of daily production, green leaves are beginning to bud on charred trees and new construction is replacing homes that were burned to the ground.
