Oil Sands
News
June 13, 2022
BP sold out of Canada’s oil sands, divesting its stake in the Sunrise project to Cenovus Energy Inc. while acquiring offshore exploration from the same company in the east of the country.
News
June 06, 2022
Canadian heavy crude prices have collapsed relative to futures prices because of high refining costs rather than the pipeline bottle necks that have plagued the industry in the past, according to a Toronto-based analyst.
News
May 05, 2022
Canada is becoming more reliant on the fossil-fuel sector, even as Prime Minister Justin Trudeau seeks to strengthen the country’s policies on climate change.
News
April 11, 2022
Canada’s banks just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands.
News
March 28, 2022
Canada’s oil sands would play the biggest role in the government’s pledge to boost crude and natural gas exports by 300,000 barrels a day this year to compensate for Russian supplies.
Article
February 2022
As the global economy recovers from the pandemic, indicators have shifted to a positive outlook for the first time in many years. But politics, especially in Canada, have cast a pall over any potential turnaround for the Canadian industry.
News
January 27, 2022
The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months. The 25% surge comes as U.S. crude oil prices approach $90 a barrel for the first time since 2014.
News
January 14, 2022
Canada is preparing to roll out a tax credit for investments in carbon capture, a key step to reduce greenhouse-gas emissions from its oil sands, and will soon outline its 2030 goals for pollution cuts.
News
January 13, 2022
Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a day of crude and 140 million cubic feet a day of natural gas in the Montney and Duvernay shale formations of Alberta and other areas, Imperial said in a statement.
News
January 13, 2022
Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.
News
January 07, 2022
Canada's oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.
News
January 06, 2022
A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining.
News
December 09, 2021
Canada’s oil production could continue to rise for the next decade and then begin declining as countries strive to reduce carbon emissions, the Canada Energy Regulator said Thursday.
News
December 07, 2021
Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator.
News
November 18, 2021
The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the shift to renewables in Canada, according to some of the bankers helping oil-sands producers navigate that transition.
News
October 28, 2021
Canadian heavy crude’s price collapsed at the U.S. trading hub of Cushing as refiners shun heavy and higher-sulfur crude for lighter grades that are less expensive to process in refineries.
News
October 07, 2021
Canadian oil shipments to the U.S. jumped to the highest volume since the start of the year thanks in part to the startup of a long-delayed Canadian pipeline.
News
September 29, 2021
A long-delayed Enbridge Inc. pipeline extending from Canada’s oil sands to the U.S. Midwest will enter service Friday after years of opposition from environmentalists and indigenous groups.
Article
September 2021
Although there are some hopeful signs that a recovery may be on the way for Canada’s oil patch, the ongoing global pandemic, misguided politicians, and skittish markets have left producers wary and risk-averse.
News
September 23, 2021
Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation.
News
August 13, 2021
Enbridge Inc.’s Line 3 oil pipeline from Alberta to Wisconsin could start operating as soon as Sept. 15, bringing relief to Canadian oil sands producers who have had limited access to export pipelines.
