MEG Energy Company News

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Oil Sands Winning Praise from Wall Street
Monday, December 14, 2020The Canadian oil sands are emerging from 2020's historic market crash with a slew of upbeat outlooks from Wall Street equity analysts.

Oil Sands Producer Eyes Hydrogen Exports
Thursday, August 13, 2020Alberta's advantage may lie in its abundant reserves of the very fuels that hydrogen is meant to replace.

Oil-Sands Companies Throw New Tech at Old Foe
Wednesday, January 23, 2019Canada's oil-sands companies have been ramping up efforts to get their peanut butter-like bitumen to flow through pipelines more easily and cheaply.

MEG to Cut Spending and Shuffle Board
Tuesday, January 22, 2019Fresh off defeating a hostile takeover bid, MEG Energy is slashing capital spending and reviewing the makeup of its board.

MEG Plans to Spend Less and Boost Oil Output
Friday, January 18, 2019MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.

Oil Producers in Canada Look to Rosier Future
Friday, November 02, 2018The sun will come out tomorrow, or at least some time next year. That's the message from Canadian oil producers suffering from the worst domestic glut in at least a decade.

MEG Starts Bidding War After Rejecting $2.34B Husky Offer
Wednesday, October 17, 2018MEG Energy Corp. rejected a $2.3 billion hostile takeover by Husky Energy Inc. and plans to start a strategic review with an eye to finding another buyer.

Canada's MEG Energy To Sell Pipeline, Storage Assets For C$1.61B
Thursday, February 08, 2018MEG Energy has agreed to sell some pipeline and storage assets in Alberta to Wolf Midstream.

Canadian Oil Sands Producers: Heady Days May Not Last Long
Monday, August 21, 2017Most Canadian oil sands producers are expected to book losses or post sharp drops in profit in the coming quarters.

MEG Energy Posts Unexpectedly Larger Loss, Cuts Capital Spending
Thursday, October 27, 2016MEG Energy Corp reports a larger-than-expected loss in the third quarter.

Oil Sands Cash Burn Deepens as Cheap Canadian Crude Saps Profits
Thursday, April 28, 2016In a week when oil prices are rallying, financial results from one of the world’s costliest places to extract crude are a reminder of how bad things have been for energy producers.

MEG Energy's Quarterly Loss Widens
Thursday, February 04, 2016Canadian oil sands producer MEG Energy Corp posts a bigger quarterly loss, hurt by lower oil prices and strong US dollar.

MEG Energy Advances Oil Sands Maintenance As Low Prices Bite
Thursday, February 04, 2016Canadian oil sands producer shifts maintenance at northern Alberta plant, saying the reservoir may naturally decline if weak prices persist.

Hundreds More Oil Sands Staff Evacuated On Alberta Fire Threat
Tuesday, May 26, 2015MEG Energy says it was suspending operations at its 80,000 barrel per day Christina Lake oil sands project and evacuated non-essential staff as wildfires rage through northeastern Alberta.

CNOOC Reports Record Net Income
Monday, March 27, 2006Upon releasing its 2005 annual results, CNOOC Limited said that the company's net income reached RMB 25.3 billion (US$3.14 billion), an increase of RMB 9.18 billion (US$1.1 billion) or 57 percent from 2004.

CNOOC Acquires Stake in Canadian Oil Sands Firm
Tuesday, April 12, 2005CNOOC has signed an will acquire a 16.69% stake in MEG Energy, which is a pure play oil sands company.