Cooler, humid weather that’s helping control a wildfire in the heart of Canada’s oil patch is allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work. Continue Reading
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Firefighting efforts and favorable weather conditions on Friday stopped the growth of forest fires in northern Alberta that have prompted evacuations and disrupted crude-oil production, provincial officials said. The size Continue Reading
Alberta officials are counting on cool, humid weather in the coming days to help them better contain a raging wildfire in the heart of Canada’s energy industry and allow them Continue Reading
Alberta firefighters successfully defended Suncor Energy Inc. and Syncrude Canada Ltd.’s oil-sands sites from wildfires as rain brought some relief and the blaze that shut more than a million barrels Continue Reading
Firefighters made progress against a wildfire in the Fort McMurray region of northern Alberta on Thursday as a shift in winds pushed it away from communities and oil sands facilities. Continue Reading
Alberta Wildfires A massive wildfire raging through the northern part of Alberta has swelled in size and surged north of Fort McMurray, destroying an evacuated oil sands camp on Tuesday Continue Reading
Albertans who fled the wildfire devastation in the oil-sands community of Fort McMurray can tentatively expect to return in a couple of weeks, while the blaze still rages elsewhere in Continue Reading
Plans to bring back more than 1 million barrels a day of lost production in Canada’s oil sands are being delayed as wildfires sweeping across northern Alberta threaten operations again, Continue Reading
Connecting extreme weather events with climate change isn’t exactly a new thing. After Hurricane Sandy devastated parts of New York and New Jersey in 2012, Bloomberg published a front page Continue Reading
Employees are on the ground in and around the Fort McMurray area of Alberta to start bringing oil sands operations online, companies said Monday. Canadian energy company Syncrude said its Continue Reading
Uncontrolled forest fires forced the evacuation of some 8,000 oil-sands workers late Monday, nearly two weeks after more than 80,000 other people fled blazes that destroyed part of a nearby Continue Reading
More facilities were returning to normal in the Fort McMurray area of Alberta, with Enbridge the latest to return some infrastructure to regular service. Enbridge crews confirmed two of its Continue Reading
Tar Sands As the fire continues to rage, now moving to more sparsely populated areas, oil sands producers who saw some 1.3 million barrels per day taken offline are now Continue Reading
Corey Smith got the call Tuesday night that Canada’s energy industry had been anxiously awaiting: it’s time to get back to work in the oil sands. Smith, the head of Continue Reading
Oversize transport trailers typically barrel dangerously along Highway 63 as they deliver heavy loads of equipment and even prefabricated metal buildings to the multibillion-dollar oil sands projects that dominate this Continue Reading
Canadian oil sands facilities representing more than 90 percent of production taken offline during a wildfire in northern Alberta have emerged unscathed and are expected to restart within days to Continue Reading
Reconstructing Fort McMurray will be easier than first feared since much of the city’s critical infrastructure remains intact but the once booming oil town will be smaller than before, according Continue Reading
A bad start to the year for Canadian natural gas producers is getting worse after wildfires in northern Alberta knocked out oil-sands operations that represent a key source of demand. Continue Reading
Canadian energy company Nexen said it was reviewing the fire situation in Alberta, but keeping its facilities shut down until it was able to reach its oil facilities. More than Continue Reading
Alberta Premier Rachel Notley said she expects oil-sands companies that suspended output of crude oil by up to one million barrels a day due to wildfires that ravaged the Fort Continue Reading
Suncor: King of Canada’s Oil Sands Canada’s oil sands are the third largest oil deposit in the world behind Saudi Arabia and Venezuela. The largest oil sands producer in Canada, Continue Reading
Oil producers and refiners braced on Monday for a prolonged shutdown and possible supply constraints from Canada’s vast oil sands region as a destructive wildfire raged for a second week. Continue Reading
A raging wildfire in Northern Alberta has dealt oil-sands operators another complication: local shortages of diluent, the light oil needed to get Canada’s heavy crude flowing. Statoil ASA said Monday Continue Reading
The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some Continue Reading
Canada oil-sands producers including Suncor Energy Inc. could resume production within a week after the threat subsides from wildfires that cut as much as 40 percent of the region’s output. Continue Reading
Wildfires raging through Alberta have spread to the main oil-sands facilities north of Fort McMurray, knocking out an estimated 1 million barrels of production from Canada’s energy hub. Fire officials Continue Reading
Cogeneration power plants in the fire-ravaged Canadian oil town of Fort McMurray were operating at about 18 percent of capacity early Sunday, down from around 30 percent Friday afternoon, as Continue Reading
Cooler temperatures on Sunday helped slow the spread of wildfires that ravaged the hub of Canada’s oil sands, as the last of 25,000 evacuees from work camps around Fort McMurray Continue Reading
Canadian crude prices were little changed on Friday following a two-day rally as a wildfire in northern Alberta kept nearly one-half of Canadian oil sands production shuttered, forcing BP’s Canadian Continue Reading
Wildfires ravaging the center of Canada’s oil patch in northern Alberta and leading more than 80,000 to flee are set to double in size over the weekend. Phillips 66 declared Continue Reading
Canadian crude prices continued to rise Friday as oil production remained shut in because of a wildfire, although companies were in the process of returning output. The fire, which started Continue Reading
As a wildfire rages across Alberta’s oil-sands region, pipelines, tanks full of chemicals, buildings and equipment are more at risk than the thick, tar-like deposits that are mined from the Continue Reading
As it drives tens of thousands from their homes and turns whole neighborhoods to ash, the wildfire raging through Canada’s oil-rich Alberta province is feeding on conditions that got their Continue Reading
Electricity flowing from plants at Canada’s oil sands operations has shrunk by almost a third as a wildfire ravages the region, forcing tens of thousands of people to evacuate in Continue Reading
It took the market over a day to appreciate the fallout from the devastating Canadian wildfire which has led to a state of emergency in Alberta, the evacuation of over Continue Reading
Raging forest fires in Canada’s oil-rich province of Alberta forced the closure of one major oil-sands mining operation on Wednesday and reduced output at another, a day after tens of Continue Reading
A fire fueled by shifting winds that forced more than 80,000 people to flee their homes and disrupted oil-sands operations in Western Canada is poised to expand. The fire will Continue Reading
The Canadian province of Alberta raced to evacuate the entire population of Fort McMurray where an uncontrolled wildfire was taking hold in the heart of the country’s oil sands region, Continue Reading
Alberta’s largest-ever evacuation from a wildfire has forced tens of thousands people to flee Fort McMurray and prompted Suncor Energy Inc. to reduce output in Canada’s main oil-sands region. Oil Continue Reading
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
