Oil Sands News


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Suncor, First Nation Partner for Potential Oil Sands Development
Suncor aims to progress early stage technical and commercial feasibility assessments on a prospective oil sands lease development opportunity on Fort McKay reserve lands.
7:00 PM EST | March 07, 2024
Canada to Up Oil and Gas CAPEX to $29.9B in 2024: Industry Group
Conventional oil and natural gas capital investment for 2024 is forecast at $20.10 billion (CAD 27.3 billion), while oil sands investment is expected to reach $9.79 billion (CAD 13.3 billion).
7:00 PM EST | February 27, 2024
Alberta November Oil Output Outpaced China
Alberta's oil production rose above four million barrels a day for the first time in November.
7:00 PM EST | January 11, 2024
Suncor Posts Record Production
Suncor's upstream production reached 808,000 bpd on average in Q4.
7:00 PM EST | January 07, 2024
Imperial Estimates $1.27B in CAPEX for 2024
The company plans to focus on maximizing the value of its existing assets and progressing high-value growth opportunities while continuing to reduce company emissions.
7:00 PM EST | December 18, 2023
Suncor Boosts Bitumen Production, Beats Estimates
The company's total oil sands bitumen production increased in the quarter to 787 thousand barrels per day (Mbpd) from the prior-year quarter figure of 764.1 Mbpd.
7:00 PM EST | November 09, 2023
Trio Secures Option to Acquire Gas Prospect in Sacramento Basin
Based on 3D seismic data, the prospect is close to prolific gas fields, has easy access to a gas pipeline with excess capacity, and targets gas sands at about 8,000 feet.
8:00 PM EST | October 23, 2023
ConocoPhillips Acquires Rest of Surmont Oil Sands Stake from TotalEnergies
The transaction is valued at approximately $2.7 billion cash (CAD 3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD 0.4 billion).
8:00 PM EST | October 04, 2023
Suncor to Acquire Rest of Fort Hills Oil Sands from TotalEnergies for $1B
The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved and probable reserves.
8:00 PM EST | October 04, 2023
Will ChatGPT Affect Oil and Gas Jobs?
Representatives of Piper-Morgan Search and HireStrong LLC share their views.
8:00 PM EST | April 12, 2023
Canadian Oil Giant Plans to Pump Record Crude Next Year
Canadian Natural Resources Ltd is aiming to raise production.
7:00 PM EST | November 30, 2022
Zephyr Acquires Assets Around Its Paradox Project In Utah
Zephyr Energy has agreed to acquire oil and gas assets surrounding its Paradox project in Utah.
8:00 PM EST | September 14, 2022
Calgary Stampede Returns With Oil Boom Vibe
The biggest party in Canada's oil patch is staging a comeback this year.
8:00 PM EST | June 30, 2022
BP Oil Sands Exit May Not Be the Last
More deals are seen as likely as local producers sit on cash hoards from $100-plus oil prices.
8:00 PM EST | June 13, 2022
BP Sells Oil Sands to Cenovus
BP Plc sold out of Canada's oil sands.
8:00 PM EST | June 12, 2022
Oil Worker Shortage Hits Canada
There is a shortage of oil and gas workers in Canada.
8:00 PM EST | April 10, 2022
Cenovus Joins Oil Drillers Ditching Hedges
Those who did hedge find their deals increasingly underwater.
8:00 PM EST | April 03, 2022
Top Headlines: Largest North America Oil Resource On Its Net-Zero Way
Check out some of Rigzone's top stories during the last week.
8:00 PM EST | March 18, 2022
Drillers Awaken in Canada
For years, the country's drillers have been under great pressure from their investors.
8:00 PM EST | March 13, 2022
Canada Oil Sands Force Majeure Adds to Supply Woes
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.
8:00 PM EST | September 22, 2021
Canada Oil Industry Seeks Trudeau Support
Canada's largest oil and natural gas lobbying group is calling for support from re-elected Prime Minister Justin Trudeau following an election campaign that featured vows to cut the industry's emissions.
8:00 PM EST | September 20, 2021
Enbridge Oil Sands Pipeline Bottleneck Eases
Enbridge Inc.'s rationing of its heavy oil pipelines plummeted in October ahead of the imminent start up of the company's newest export conduit to the U.S.
8:00 PM EST | September 20, 2021
Canada Oil Patch Heads for Hospital Triage
Canada's oil heartland of Alberta has been hit with its most dangerous Covid-19 wave.
8:00 PM EST | September 19, 2021
Suncor Cuts Fort Hills Oil Output Guidance
Suncor Energy Inc. cut its full-year production guidance at its Fort Hills oil sands mine.
8:00 PM EST | July 28, 2021
Oil Sands Carbon Cuts Come with $60B Bill
It will cost about $60 billion to zero out greenhouse gases from oil sands operations by 2050, according to two of the industry's top CEOs.
8:00 PM EST | July 07, 2021
Canada Oil Sands Output Fully Recovers from Covid
Canadian oil sands production has fully recovered from last year's Covid-19 shock, according to IHS Markit.
8:00 PM EST | June 24, 2021
Enbridge Scores Court Victory for Oil Pipeline Permit
A key permit for Enbridge's Line 3 oil pipeline was upheld by the Minnesota Court of Appeals.
8:00 PM EST | June 13, 2021
What Now for Canadian Oil Sands Producers?
Here is a review of oil and gas market hits and misses for the week ending June 11, 2021.
8:00 PM EST | June 10, 2021
Canada Oil Sands Producers in Net Zero Alliance
Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy, and Suncor Energy have formally announced the Oil Sands Pathways to Net Zero initiative.
8:00 PM EST | June 09, 2021
Will Chevron Divest Canada Oil Sands Asset?
If it decides to sell, Chevron would follow the path of peers such as Shell and ConocoPhillips.
8:00 PM EST | June 02, 2021
Oil Sands Sites Face Virus Surge as Workers Fly In
It's the latest blow to the oil-rich province of Alberta.
8:00 PM EST | April 27, 2021
Enbridge CEO Says Line 5 Project Aligns with Biden Plan
Michigan Governor and Biden ally Gretchen Whitmer opposes the Line 5 tunnel project.
8:00 PM EST | April 05, 2021
BP Work Model to Affect Roughly 25,000 Employees
Recall some of Rigzone's most popular downstream-related articles from the past week.
7:00 PM EST | March 13, 2021
Oil Sands Give OPEC a Boost
Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.
7:00 PM EST | March 04, 2021
Exxon Filing Shows 98% Oil Sands Reserves Drop
Exxon Mobil Corp. erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves.
7:00 PM EST | February 24, 2021
Biden Keystone XL Snub Props Up Crude-by-Rail
Oil exports by rail from Canada have more than tripled since July.
7:00 PM EST | February 23, 2021
Alberta Pipeline Compensation Plan Lacks Trudeau Backing
Here is a look back at some of the most popular downstream-related articles from the past week.
7:00 PM EST | February 13, 2021
CNOOC Leads Rivals in Cutting Oil Sands Emissions
Cnooc Ltd. slashed the rate of CO2 released from its Long Lake oil sands site by a third in the eight years ended 2019, a recent study finds.
7:00 PM EST | February 10, 2021
Alberta Eyes Payback from US
The oil-rich Canadian province is considering seeking compensation from the US through an old free-trade rule that's still in place.
7:00 PM EST | February 04, 2021
Bill Seeks to Reverse Biden Keystone XL Decision
The newly introduced legislation declares that Keystone XL does not need a Presidential permit.
7:00 PM EST | February 02, 2021
TC Energy Cuts 1,000 Jobs After Biden Yanks Permit
TC Energy Corp. has let go 1,000 workers in both the U.S. and Canada after President Joe Biden canceled the Keystone XL oil pipeline project.
7:00 PM EST | January 21, 2021
Keystone XL Could Become Scrap If Biden Pulls License
Biden's campaign has pledged to cancel the pipeline's license, haunting Canada's oil sands industry.
7:00 PM EST | January 18, 2021
Cenovus Combines with Husky
Cenovus Energy Inc. (TSX, NYSE: CVE) has announced that its strategic combination with Husky Energy Inc. has closed.
7:00 PM EST | January 04, 2021
Virus Spreads in Canadian Oil Patch
Oil workers in Alberta are falling victim to a growing spread of the pandemic in the Canadian province's remote north, with a Chevron Corp. site among the latest to be struck.
7:00 PM EST | December 16, 2020
Oil Sands Winning Praise from Wall Street
The Canadian oil sands are emerging from 2020's historic market crash with a slew of upbeat outlooks from Wall Street equity analysts.
7:00 PM EST | December 13, 2020
Oil Sands Link to US Midwest Gets Final Approval
An Enbridge Inc. pipeline that will help ship more Canadian crude to the US Midwest has received final approval.
7:00 PM EST | November 30, 2020
Repsol Seeks Contract for Canadian Crude
The Spanish company has typically sourced heavy crude supplies from Latin America and has been the biggest buyer of Mexican crude in 2020.
8:00 PM EST | October 28, 2020
Alberta Ends Oil Sands Production Experiment
Alberta's two-year experiment with OPEC-style crude production curbs is coming to an end.
8:00 PM EST | October 23, 2020
Oil Sands Output Is Becoming More Valuable
Canadian oil prices are poised to strengthen next year, according to BMO Capital Markets.
8:00 PM EST | October 21, 2020
Major Refiner to Buy Canadian Crude on Venezuela Concerns
The owner of the world's largest refining complex has reportedly signed a deal to purchase 2 million barrels of heavy Canadian oil a month.
8:00 PM EST | September 29, 2020