Oil Sands News

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Canadian Oil Giant Plans to Pump Record Crude Next Year
Thursday, December 01, 2022Canadian Natural Resources Ltd is aiming to raise production.

Eni Starts Up Production From Oil Field Onshore Algeria
Wednesday, November 09, 2022Eni announces the start-up of an oil field in the Zemlet el Arbi concession in the Berkine North Basin onshore Algeria.

ADNOC Hands Out $4 Billion Worth Of Drilling Deals
Wednesday, November 02, 2022ADNOC has awarded three framework agreements valued at $4 billion for integrated drilling fluids services.

ADNOC Breaks World Record For Longest Well
Friday, October 21, 2022ADNOC has broken a world record for the longest oil and gas well at its Upper Zakum Concession.

Zephyr Acquires Assets Around Its Paradox Project In Utah
Thursday, September 15, 2022Zephyr Energy has agreed to acquire oil and gas assets surrounding its Paradox project in Utah.

Onshore Drilling Rig Use To Increase Over The Next Five Years
Thursday, August 25, 2022Westwood has revealed that the use of the worldwide onshore drilling rig fleet is recovering with dayrates increasing in several regions.

Gazprom-Iran $40Bn Deal Faces Issues Over Corrosion And Sanctions
Tuesday, August 16, 2022The $40Bn Iran–Russia deal for joint development of offshore fields in the Middle Eastern country could fall through due to corrosion issues.

Transocean Rakes In $650 Mn In Brand-New Rig Deals
Tuesday, July 26, 2022Transocean has raked in brand new deals and extensions for its rigs with most of the contracts having increased dayrates.

Pure Oil Plays Still More Attractive Than Low-Carbon Diversification
Monday, July 18, 2022In the first half of this year, oil and gas performed so strongly that investors piled into the pure play oil and gas producers.

Calgary Stampede Returns With Oil Boom Vibe
Friday, July 01, 2022The biggest party in Canada's oil patch is staging a comeback this year.

Eco Atlantic Increases Stake In Exciting License Off South Africa
Monday, June 27, 2022Eco Atlantic Oil & Gas has signed a farmout agreement for an additional 6.25 percent participating interest in Block 3B/4B, offshore South Africa.

Canadian Oil Sands Industry Groups Combine In Pathway Alliance
Thursday, June 16, 2022Canada's major oil sands producers announced the combination of three existing industry groups, all focused on responsible development, into a single organization called the Pathways Alliance.

BP Oil Sands Exit May Not Be the Last
Tuesday, June 14, 2022More deals are seen as likely as local producers sit on cash hoards from $100-plus oil prices.

BP Sells Oil Sands to Cenovus
Monday, June 13, 2022BP Plc sold out of Canada's oil sands.

Oil Worker Shortage Hits Canada
Monday, April 11, 2022There is a shortage of oil and gas workers in Canada.

DOF Subsea Completes North Sea Decom Work For Repsol Sinopec
Thursday, April 07, 2022DOF Subsea has carried out decommissioning work for Repsol Sinopec Resources UK at the Buchan and Hannay fields in the North Sea.

Cenovus Joins Oil Drillers Ditching Hedges
Monday, April 04, 2022Those who did hedge find their deals increasingly underwater.

Norwest Energy Sees Incredible Results In Perth Basin Well
Monday, March 28, 2022Norwest Energy has announced what it described as 'incredible' results from the Lockyer Deep-1 well test program.

Top Headlines: Largest North America Oil Resource On Its Net-Zero Way
Saturday, March 19, 2022Check out some of Rigzone's top stories during the last week.

Drillers Awaken in Canada
Monday, March 14, 2022For years, the country's drillers have been under great pressure from their investors.

Top Seven Energy Transition Trends To Keep An Eye On In 2022
Wednesday, January 12, 2022Westwood's energy transition team has listed seven of the main trends that oil and gas firms should watch in 2022.

Canada Oil Sands Force Majeure Adds to Supply Woes
Thursday, September 23, 2021Syncrude 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.

Canada Oil Industry Seeks Trudeau Support
Tuesday, September 21, 2021Canada'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.

Enbridge Oil Sands Pipeline Bottleneck Eases
Tuesday, September 21, 2021Enbridge 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.

Canada Oil Patch Heads for Hospital Triage
Monday, September 20, 2021Canada's oil heartland of Alberta has been hit with its most dangerous Covid-19 wave.

Suncor Cuts Fort Hills Oil Output Guidance
Thursday, July 29, 2021Suncor Energy Inc. cut its full-year production guidance at its Fort Hills oil sands mine.

Oil Sands Carbon Cuts Come with $60B Bill
Thursday, July 08, 2021It 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.

Canada Oil Sands Output Fully Recovers from Covid
Friday, June 25, 2021Canadian oil sands production has fully recovered from last year's Covid-19 shock, according to IHS Markit.

Enbridge Scores Court Victory for Oil Pipeline Permit
Monday, June 14, 2021A key permit for Enbridge's Line 3 oil pipeline was upheld by the Minnesota Court of Appeals.

What Now for Canadian Oil Sands Producers?
Friday, June 11, 2021Here is a review of oil and gas market hits and misses for the week ending June 11, 2021.

Canada Oil Sands Producers in Net Zero Alliance
Thursday, June 10, 2021Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy, and Suncor Energy have formally announced the Oil Sands Pathways to Net Zero initiative.

Will Chevron Divest Canada Oil Sands Asset?
Thursday, June 03, 2021If it decides to sell, Chevron would follow the path of peers such as Shell and ConocoPhillips.

Oil Sands Sites Face Virus Surge as Workers Fly In
Wednesday, April 28, 2021It's the latest blow to the oil-rich province of Alberta.

Enbridge CEO Says Line 5 Project Aligns with Biden Plan
Tuesday, April 06, 2021Michigan Governor and Biden ally Gretchen Whitmer opposes the Line 5 tunnel project.

BP Work Model to Affect Roughly 25,000 Employees
Sunday, March 14, 2021Recall some of Rigzone's most popular downstream-related articles from the past week.

Oil Sands Give OPEC a Boost
Friday, March 05, 2021Major 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.

Exxon Filing Shows 98% Oil Sands Reserves Drop
Thursday, February 25, 2021Exxon Mobil Corp. erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves.

Biden Keystone XL Snub Props Up Crude-by-Rail
Wednesday, February 24, 2021Oil exports by rail from Canada have more than tripled since July.

Alberta Pipeline Compensation Plan Lacks Trudeau Backing
Sunday, February 14, 2021Here is a look back at some of the most popular downstream-related articles from the past week.

CNOOC Leads Rivals in Cutting Oil Sands Emissions
Thursday, February 11, 2021Cnooc 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.

Alberta Eyes Payback from US
Friday, February 05, 2021The oil-rich Canadian province is considering seeking compensation from the US through an old free-trade rule that's still in place.

Bill Seeks to Reverse Biden Keystone XL Decision
Wednesday, February 03, 2021The newly introduced legislation declares that Keystone XL does not need a Presidential permit.

TC Energy Cuts 1,000 Jobs After Biden Yanks Permit
Friday, January 22, 2021TC 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.

Keystone XL Could Become Scrap If Biden Pulls License
Tuesday, January 19, 2021Biden's campaign has pledged to cancel the pipeline's license, haunting Canada's oil sands industry.

Cenovus Combines with Husky
Tuesday, January 05, 2021Cenovus Energy Inc. (TSX, NYSE: CVE) has announced that its strategic combination with Husky Energy Inc. has closed.

Virus Spreads in Canadian Oil Patch
Thursday, December 17, 2020Oil 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.

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 Link to US Midwest Gets Final Approval
Tuesday, December 01, 2020An Enbridge Inc. pipeline that will help ship more Canadian crude to the US Midwest has received final approval.

Repsol Seeks Contract for Canadian Crude
Thursday, October 29, 2020The Spanish company has typically sourced heavy crude supplies from Latin America and has been the biggest buyer of Mexican crude in 2020.

Alberta Ends Oil Sands Production Experiment
Saturday, October 24, 2020Alberta's two-year experiment with OPEC-style crude production curbs is coming to an end.