The Canadian unit of one of China’s largest oil and gas companies is on track to start operations at a new 35,000-barrel-per-day oil-sands plant later this year despite crude prices Continue Reading
Lower-for-longer market forecasts mean megaprojects on hold The era of megaprojects in Canada’s oil sands is probably over as crude is seen staying lower for longer, some of the biggest Continue Reading
Alberta’s leading oil sands producers are currently working on ways to reduce the sustaining capital for their projects in order to maintain global competitiveness and also attract investment, executives said Continue Reading
Canadian companies Suncor and Canadian Oil Sands Ltd. announced their merger was completed under the terms of a hostile offer launched last year. Both companies announced the end of the Continue Reading
The chief executive of leading Canadian oil producer Suncor Energy Inc. said on Tuesday that his company will increase output even if crude prices weaken further while vowing it will Continue Reading
The growth engine of Canada’s energy industry is poised to shut off next decade, according to the International Energy Agency. Production gains from the oil sands in northern Alberta will Continue Reading
Enbridge Inc. is looking for ways to reduce its dependence on oil-sands growth as a prolonged crude price collapse casts doubts over the future of projects in Western Canada. The Continue Reading
Canadian energy company Suncor, after a success hostile takeover of a rival, reported a fourth quarter net loss of almost $1.5 billion. The company reported an operating loss of $18.9 Continue Reading
Suncor Energy Inc., SU 3.06 % Canada’s largest crude-oil producer, late Wednesday reported a fourth-quarter net loss of $2 billion Canadian dollars ($1.45 billion) and slashed its 2016 capital spending Continue Reading
Canada’s tar sands industry is in crisis as oil prices plummet, pipeline projects are killed, and new governments in Alberta and Ottawa vow less reliance on this highly polluting energy Continue Reading
