Oil Sands News

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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.

Oil Sands Output Is Becoming More Valuable
Thursday, October 22, 2020Canadian oil prices are poised to strengthen next year, according to BMO Capital Markets.

Major Refiner to Buy Canadian Crude on Venezuela Concerns
Wednesday, September 30, 2020The owner of the world's largest refining complex has reportedly signed a deal to purchase 2 million barrels of heavy Canadian oil a month.

Oil Sands Producers Eye Rail Link for Asia Exports
Monday, September 28, 2020US President Donald Trump's decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta's struggling oil sands producers.

ExxonMobil Unit Shuts Oil Sands Mine After Pipeline Spill
Wednesday, September 02, 2020ExxonMobil's Imperial Oil shut down its oil-sands mine after a spill from a pipeline that supplies diluent to the operation.

Oil Companies Wonder If Looking for Oil Is Still Worth It
Monday, August 17, 2020As the coronavirus ravages economies and cripples demand, European oil majors have made some uncomfortable admissions in recent months.

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.

Canada Oil Sands Output Poised for 41 Percent Increase
Thursday, August 06, 2020IHS Markit anticipates that Canada's oil sands production will grow by nearly 1.1 million bpd.

Biden Faces Union Pressure over Keystone XL
Wednesday, August 05, 2020Joe Biden has threatened to rip up Keystone XL permits even as he courts blue-collar workers.

Trump Admin Ups Keystone XL Limit by 29%
Thursday, July 30, 2020A new White House permit raises the cross-border shipping limit for the TC Energy oil pipeline from 590,000 to 760,000 barrels a day.

Total Takes $8.1B Impairment
Wednesday, July 29, 2020The bulk of the impairment -- about $7 billion -- applies to Canadian oil sands.

Canada Pipelines Have Capacity to Spare
Wednesday, July 22, 2020Canada's oil-sands producers are taking their time at restoring production.

Oil Sands Explorers Restoring Production
Wednesday, July 08, 2020At least 20 percent of shut-in Canadian production is being restored.

Global E+P Revenues to Fall by $1 Trillion
Thursday, April 30, 2020Global exploration and production revenues will fall by about $1 trillion this year, according to Rystad Energy.

Trump Eyes 10MMbpd Global Oil Cut
Friday, April 03, 2020President Donald Trump is trying to get the world to cut oil production by 10 million barrels a day in an effort to end a market-share war that sent crude prices plunging to the lowest levels in two decades.

Canadian Crude Costs More to Ship than Buy
Friday, March 27, 2020Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself.

Saudi-Russia Oil Embargo Plea Looms Large
Friday, March 27, 2020Check out Rigzone's most-viewed articles from the past week that relate to the downstream sector.

Canada Is First Price-War Casualty
Thursday, March 19, 2020In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada.

Teck Pulls Oil-Sands Mine Project
Monday, February 24, 2020Teck Resources is pulling its application for a controversial new oil-sands mine in Alberta.

Oil Sands Spending Set for First Jump Since 2014 Crash
Thursday, January 30, 2020Capital spending in the the world's third-largest crude reserves is projected to rise $8.8 billion this year.

Keystone XL Inches Forward
Wednesday, January 15, 2020TC Energy Corp. plans to begin pre-construction work on the Keystone XL oil pipeline next month, moving the long-delayed project forward even as opponents continue to fight it in court.

Energy Hedge Fund Is Bullish on Canada
Friday, January 10, 2020After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil sector.