Oil Sands ///

Canadian oil sands' new growth stymied by pipeline delays

Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production.

Canada expects a quiet, flat year for E&P activity

Robert Curran, Contributing Editor

A year ago, things appeared to be looking up for Canada’s oil patch, but that proved unfounded. In early 2019, more uncertainty and pessimism are in the air, and little on the horizon provides hope for improvement.

Canada's rig count plunges by more than half in two weeks

Where have all the rigs gone?

Oil sands rebound in 2019 hinges on rail, output cuts, pipeline

The Canadian oil industry could be in for another turbulent year in 2019, depending on how some pivotal events pan out.

Total divests interest in Joslyn oil sands project in Alberta

Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of C$225 million.

Suncor cash flow soothes investor concerns over Syncrude outage

Suncor Energy Inc. managed to largely allay investors’ concerns over the most recent production problem at its massive Syncrude facility by highlighting its increasing cash flow and returning more of those funds to shareholders.

Canadian oil supplies to stay tight with Syncrude down for weeks

Canadian crude supplies may remain tight in the coming weeks as Suncor Energy Inc. works to bring its massive Syncrude oil-sands operation back online, a process that the company said won’t be completed until September.

Petrolia Energy acquires interest in oil and gas properties in Southwest Canada

Petrolia Energy Corporation is pleased to announce that it has acquired a 25% working interest in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada.

Canadian oil has record day after Enbridge scraps new rules

Canadian crude surged by the most ever after Enbridge Inc. said it won’t implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta’s oil sands with U.S. refineries.

Oil sands get taste of slower growth ahead as logjams hit output

Canada’s oil sands are getting a taste of their slower-growth future.

Oil sands upgraders may make a comeback amid pipeline crisis

Turning Canada’s heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback.

Cenovus CEO sees more Deep basin asset sales, but no full exit

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.

Cenovus reports fatality at Christina Lake oil sands site

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.

Kinder pipeline battle spirals as Alberta halts power-deal talks

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.

Total reports first oil at Alberta's Fort Hills project

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil.

As crude rallies, Husky may emerge as top oil-sands stock pick

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.

Canadian Shales: More wells in ‘18, but full recovery remains elusive

Jim Redden, Contributing Editor

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.

Keystone pipeline springs leak as extension decision nears

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.

TransCanada's hurry up-and-wait Keystone XL status outweighs result

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.

Oil-sands buyout spree paying off as acquisitions boost output

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.