Oil Sands News


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Exxon's $2B Canada Move Shows Confidence
Thursday, November 08, 2018 Almost 2 years after Exxon Mobil removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil unit is investing again.

Oil Producers in Canada Look to Rosier Future
Friday, November 02, 2018 The 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.

Crude, Pipeline Woes Loom Over Oil-Sands Earnings
Thursday, October 25, 2018 Forgive Canada's oil-sands producers for the whiplash.

Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018 The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.

Battered Oil-Sands Servicers Pin Hopes on Shell's LNG Project
Wednesday, September 19, 2018 After years of suffering through plunging prices and declining spending by oil-sands behemoths, Canada is finally seeing a light on the horizon.

Canadian Crude Prices Plunge Once Again
Friday, September 07, 2018 Canadian crude prices are plunging once again as repairs were completed on Alberta's second-biggest oil sands upgrader and production surged from a new mine.

Canada's Top Heavy Oil Producer Eyes Lighter Crude
Friday, August 03, 2018 Canadian heavy oil is the weakest in almost five years.

Cenovus To Hold Back Oil Output On Pipeline Woes, Suncor Weighs Hit
Thursday, July 26, 2018 Cenovus Energy says it would hold back on future oil production until pipeline bottlenecks have eased.

BC LNG Terminal to Help Struggling Canadian Gas Producers
Thursday, July 19, 2018 A liquefied natural gas terminal in British Columbia will 're-focus people on Canadian gas.'

IHS Markit Sees Canadian Oil Sands Growth Moderating After 2019
Tuesday, July 17, 2018 Canadian oil sands production will rise more than half a million barrels per day in 2019.

Suncor's Syncrude To Resume Some Output In July, Full Ops In Sept
Monday, July 09, 2018 Suncor says its Syncrude oil sands project in Western Canada will resume some production in July.

Oil-Sands Outage Upends Global Oil Market, Overshadows OPEC
Monday, June 25, 2018 The shutdown of a key oil-sands facility in Canada is flipping the global oil market on its head and slamming shares of producers that depend on the plant.

Power Outage Affects Syncrude Oil Sands Output
Thursday, June 21, 2018 A power disruption at Syncrude's Mildred Lake, Alberta, crude oil upgrading site has affected operations.

Industry Group: Canadian Oil Output to Rise 33% by 2035
Tuesday, June 12, 2018 Canada's crude production will rise 33% by 2035, driven by increased output from oil-sands operations, according to the industry's main trade group.

Trudeau's Pipeline Takeover Is Bittersweet Win for Oil Sands
Wednesday, May 30, 2018 Canada's purchase of Kinder Morgan Inc.'s embattled pipeline is good news for the oil patch, so long as it doesn't become the norm.

Facing Shipping Constraints, Canada Moving Oil One Truckload at a Time
Monday, April 23, 2018 Canada's oil industry faces significant challenges, not the least of which are high production costs, remote oil fields and, perhaps most pressing, the shipping bottlenecks.

Cenovus Energy Says Transportation Bottlenecks Hit Production
Thursday, March 22, 2018 Cenovus says it was running oil sands production below capacity and stockpiling excess oil due to trouble with exporting.

Oil Sands Upgraders May Make a Comeback Amid Pipeline Crises
Monday, March 12, 2018 Turning Canada's heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback.

CEO: Mexico's Pemex Eyeing Partners For Heavy Oil Projects
Tuesday, March 06, 2018 Pemex might bring partners into two heavy crude oilfields in the Gulf's shallow waters, the company's chief says.

Canada Trims Pipeline Reviews as Oil Patch Says Details Missing
Thursday, February 08, 2018 Justin Trudeau is trying to make the oil industry's life a little easier.

Kinder Pipeline Battle Spirals as Alberta Halts Power-Deal Talks
Friday, February 02, 2018 Alberta is striking back at British Columbia after the neighboring Canadian province proposed restricting shipments.

Suncor Going Autonomous in Oil Sands
Thursday, February 01, 2018 Implementing electric AHS will change some employees' roles, skill sets.

As Crude Rallies, Husky May Gain as Top Oil-Sands Stock Pick
Monday, January 15, 2018 Husky Energy, the best oil-sands stock last year, may emerge as a top pick for investors.

Rail Shipments of Canadian Oil to US Seen Rising Over 60 Pct
Friday, January 05, 2018 "Canadian barrels are a great fit for Gulf Coast refiners right now. It's just a matter of getting those barrels down here," said a Gulf Coast trader.

Sources: Two Alberta Oil Sands Upgraders Warn Customers Of Volume Cuts
Monday, November 20, 2017 Two oil sands upgraders in Alberta have warned customers about cuts to synthetic crude output.

Suncor Says Makes Progress In Oil Sands Project Dispute With Total
Thursday, October 26, 2017 Suncor Energy says it has made progress in resolving a commercial dispute with joint venture partner Total.

Thailand's PTTEP Delays Canadian Oil Sands Project At Cost Of $550MM
Thursday, October 19, 2017 PTTEP says it was delaying plans investment for the Mariana Oil Sands in Canada.

Canadian Oil's High-Priced Run Set to End as Supply Surges
Wednesday, October 11, 2017 Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut.

Energy East Death Pins Oil Sands Hopes on Two Troubled Pipelines
Friday, October 06, 2017 Energy East would have given oil producers in Alberta and Saskatchewan another market for their crude.

Cheap Option to the Oil Sands Emerges as Hot Play in Canada
Wednesday, October 04, 2017 There's a land grab quietly taking place in a little-known corner of the Canadian oil sands.

It'll Take Oil Above $50 for Shale Boom, Oil Sands to Pay Off
Thursday, September 28, 2017 Shale drillers and oil sands producers have posted some healthy profits so far this year, but it'll take oil consistently above $50 a barrel for their investments to pay off in the long run.

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

Canada's Imperial Oil Posts Unexpected 2Q Loss
Friday, July 28, 2017 Imperial Oil reports an unexpected second-quarter loss due to planned and unplanned maintenance that curbed oil output.

Suncor, Total Argue Over Cost Of Fort Hills Project
Thursday, July 27, 2017 Suncor Energy is in a dispute with Total after the French company said it would not provide any more funding for the Fort Hills oil sands project in northern Alberta.

Oil Sands Help Shale Stymie OPEC's Effort to Rebalance Market
Thursday, July 13, 2017 OPEC producers are finding that shale oil drillers aren't their only adversaries in their battle to drain a three-year crude glut.

Fire Extinguished At Syncrude Oil Sands Plant In Alberta
Monday, July 10, 2017 A small fire broke out in a sulphur emissions reduction unit at the Syncrude oil sands plant in northern Alberta.

Innovators Toil To Revive Canada Oil Sands As Majors Exit
Monday, June 19, 2017 In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation.

Official Panel: Canada Oil Sands Need More Emissions Measures
Friday, June 16, 2017 Canada's oil sands need more emissions-cutting measures and monitoring, an official panel says.

Synthetic Crude Rises On Extended Syncrude Oil Sands Cuts
Wednesday, June 14, 2017 The price of oil sands synthetic crude strengthened after the majority owner in the Syncrude oil sands project in northern Alberta said maintenance on the facility had been extended.

Kinder Commits to Pipe Linking Oil-Sands Crude to Asian Markets
Friday, May 26, 2017 The Houston-based company announced its final investment decision for the Trans Mountain expansion project Thursday.

Syncrude Oil Sands Project to Further Cut Shipments -Source
Thursday, May 25, 2017 Trading volumes are currently thin in the Canadian crude market as the trading "window," lasting from the first of the month until the day before pipelines nominations are due, closed last week.

Canada's Suncor Prepares Oil Sands Growth as Global Majors Exit
Thursday, May 11, 2017 Even as the world's largest energy companies exit Canada's high-cost oil sands the country's top producer Suncor Energy is lining up its next phase of growth in the world's third largest crude reserves.

Suncor to Apply to Build New Oil Sands Project in Northern Alberta
Monday, May 08, 2017 Suncor said it has not yet formally sanctioned the project, but if it goes ahead, construction could begin in 2024, with first steam being pumped into the reservoir to liquefy and extract tarry bitumen in 2027.

PetroVietnam Says Venezuela Oil Project Still Stalled, Hopes To Reactivate
Wednesday, May 03, 2017 PetroVietnam's joint venture with PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations.

Syncrude Resumes Shipments from Mildred Lake Oil Sands Upgrader
Monday, May 01, 2017 The Syncrude Canada oil sands project has started shipping crude from its Mildred Lake upgrader again after cutting production as a result of a fire at the plant in mid-March, majority-owner Suncor said on Monday.

Suncor Evaluates Potential Oil-sand Deals as Global Majors Exit
Thursday, April 27, 2017 Canada's largest energy producer is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive Steve Williams said on Thursday.

Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss
Wednesday, April 26, 2017 Cenovus Energy reports a smaller-than-expected quarterly loss as operating costs fell, while oil sands production rose.

Oil-Sands Operators Bet on Local Advantage as US Partners Flee
Thursday, April 20, 2017 Now that multinational energy producers have sold their stakes in Canada's oil sands, local companies are hatching plans to make some real changes.

Sources: Chevron Exploring Sale Of Canada Oil Sands Stake Worth About $2.5B
Thursday, April 13, 2017 Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.

Syncrude Outage Limits ConocoPhillips Oil Sands Production
Tuesday, April 04, 2017 A shutdown at the Syncrude oil sands facility in northern Alberta has curbed output from ConocoPhillips' Surmont plant, the US company says.