Canada is inviting Chinese companies to invest in its oil sands, Canada’s Natural Resources Minister Jim Carr said on Thursday, after an exodus in the past few months saw international Continue Reading
Suncor Energy said on Monday that pipeline shipments from the Syncrude Mildred Lake Oil Sands facility in Canada had resumed after completing repairs following a fire at the upgrader on Continue Reading
As global oil majors pull out of Canada’s oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit Continue Reading
Now that multinational energy producers have sold their stakes in Canada’s oil sands, local companies are hatching plans to make some real changes. Cenovus Energy Inc. and Canadian Natural Resources Continue Reading
Phases in Canada’s Oil Sands We have entered a unique phase in major oil sands acquisitions in Alberta. Canadian companies are using their operational expertise, large market values, and stable Continue Reading
The Syncrude oil sands project in northern Alberta has cut its production to zero for all of April following a fire last month, three market sources said on Monday. Syncrude, Continue Reading
After wildfires last year hobbled Alberta’s oil sector, the provincial government said Friday marks the start of enforcement of new protection regulations. Alberta lies at the center of Canada’s oil Continue Reading
Selling most of its Canadian oil sands assets to Cenovus, ConocoPhillips exceeds divestment target and is positioned to achieve more than $16 billion in asset sales by the end of Continue Reading
According to the Canada West Foundation, keeping the oil sands in the ground and stopping new pipelines “will actually increase greenhouse gas emissions” – wait, what? At an energy conference Continue Reading
There was a time when if a Canadian exploration and production (E&P) company bought out a foreign-controlled competitor, it was not only good for the country but financially beneficial because Continue Reading
Earlier this month, Marathon Oil agreed to spend more than $1 billion on acreage in the Permian Basin, the very hottest place on the planet to drill for oil. On Continue Reading
Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural, the company said on Thursday. The deal also includes a Continue Reading
Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of Continue Reading
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves. While Continue Reading
Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently. Canada’s oil sands are incredibly expensive, some of the costliest sources of Continue Reading
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle. Canada’s biggest energy Continue Reading
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle. Canada’s biggest energy Continue Reading
Norwegian energy major Statoil said it closed on the sale of its entire oil sands operations in the oil-rich Canadian province of Alberta. Statoil said it completed the sale of Continue Reading
This time last year, businesses operating in the oil sands of Alberta seemed pretty much done for. Canadian crude sold for less than US$20, and there was no chance of Continue Reading
If there is such a thing as unwelcome good news, President Trump may have handed some to Prime Minister Justin Trudeau of Canada on Tuesday when he revived a cross-border Continue Reading
Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry is the third-biggest employer in Continue Reading
Canadian Prime Minister Justin Trudeau sparked anger in the oil-rich province of Alberta on Friday for saying Canada needs to phase out the oil sands. Mr. Trudeau told a town-hall Continue Reading
Canadian oil sands, selling off its assets to Athabasca Oil Corp. and taking a loss of at least $500 million. The move ends Statoil’s nearly decadelong foray into oil sands Continue Reading
Canada’s oil-sands industry is in a race with other forms of crude production and emerging technologies such as electric cars to remain a relevant energy source in the coming decades, Continue Reading
Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three Continue Reading
Suncor Energy Inc., SU -0.58 % Canada’s largest oil producer, is in talks with government officials for permission to “strand,” or abandon, some high cost and greenhouse gas-intensive crude-oil deposits, Continue Reading
Output grows 0.6% in June to cap grim second-quarter result Data suggests GDP ‘to get a nice lift in the third quarter’ Canada’s economy grew at the fastest pace in Continue Reading
Reports first-ever half year loss at 7.74 billion yuan Total output slips more than 5% from second half of 2015 Cnooc Ltd. posted its first-ever half-year loss as crude’s plunge Continue Reading
Suncor Energy Inc. is discussing with the Alberta government leaving some oil-sands bitumen in the ground in order to lower emissions and reduce costs, Chief Executive Officer Steve Williams said. Continue Reading
Three years after spending $15 billion on an ambitious bid to revitalize a troubled oil-sands project in a northern Canadian swampland, one of China’s largest state-controlled oil companies has run Continue Reading
Long Lake upgrader mothballed after January explosion Northeastern Alberta site had history of underperformance CNOOC Ltd.’s decision this week to idle part of its Long Lake oil-sands operation in Alberta Continue Reading
Unit of Cnooc says upgrader not repairable in short term Company to contine bitumen production at Long Lake site Cnooc Ltd.’s Nexen Energy unit will eliminate 350 jobs this year Continue Reading
As the Canadian oil-sands hub of Fort McMurray, Alberta, battles to rebuild after wildfires that ripped through in May, the industry that made it a boomtown is contemplating the end Continue Reading
U.S. oil imports from the north fell to lowest since April Canadian oil is back to market after Alberta wildfire Canadian oil-sands producers who are restoring production after wildfires are Continue Reading
Investments in additional oil sands production capacity in Alberta will be boosted with a WTI price hovering between $55/b and $60/b even as producers spare no effort to reduce their Continue Reading
Oil Sands Factory Oil sands extraction evokes dark scenes of toxic trailing ponds and apocalyptic wastelands—but that’s Alberta. Welcome to Utah, where extraction leaves no trace as MCW Energy positions Continue Reading
An annual review of the budget for oil-rich Alberta found total revenue came in lower than budgeted, though the provincial finance minister was upbeat. The decline in crude oil prices Continue Reading
Canada’s oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than Continue Reading
Harbir Chhina helped develop the game-changing steam technology that allowed companies to tap the world’s third-largest reserves in Canada’s oil sands. It was a moonshot that paid off. Now the Continue Reading
ConocoPhillips has announced it will restart production at the Surmount oil sands project, as the northern Alberta wildfire threat subsides. The company said the minor damage caused to the site Continue Reading
A new wildfire has prompted Canadian oil producers Cenovus Energy Inc. and Canadian Natural Resources Ltd. to shut production just as output was being restored in other parts of Alberta Continue Reading
No matter how much Canadian oil sands producers cut costs, John Stephenson argues it can never be enough. While the CEO of Stephenson & Co. noted some players in the Continue Reading
With oil installations resuming normal operations, the provincial government of Alberta said it was ready for phased re-entries into fire-damaged Fort McMurray. The chief medical officer in Alberta said about Continue Reading
Suncor Energy said it expects to restart its Canadian oil sands operations, such as work… Canada’s largest crude-oil producer said it expects initial production to commence by the end of Continue Reading
Alberta Oil Sands Factory Canada’s oil sands producers in the Fort McMurray region are watching the weather to determine if and when they can move the necessary people back to Continue Reading
The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and Continue Reading
With wildfires in Canada making their way east, provincial authorities in Alberta said the oil-rich parts of the region are cleared for operations. Alberta’s government said wildfires that erupted in Continue Reading
All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the Continue Reading
Alberta Pipeline Canadian energy regulators handed a win to Alberta’s oil sands producers last week, recommending approval for a major oil pipeline expansion to the Pacific Coast. Canada’s National Energy Continue Reading
A wildfire burns near Highway 63 south of Fort McMurray, Alberta, Canada, May 8, 2016. Out-of-control wildfires that have consumed over a million acres of land in Canada’s Alberta are Continue Reading
