Oil Sands News


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Canadian Gas Scrambles to Dodge Oil Sands Fate
Tuesday, March 19, 2019 Canada's gas industry is working on a flurry of export and chemicals projects to avoid the same situation.

Exxon Hits the Brakes on $1.9B Project
Friday, March 15, 2019 Exxon's Canadian subsidiary, Imperial Oil Ltd., was planning to bring the 75,000-barrel-a-day project online in 2022.

Pipeline Delays Halt Canada Oil Sands Growth
Wednesday, March 13, 2019 Some oil sands producers are reconsidering oil sands expansions.

New Refinery Offsets CNRL's Pipe Woes
Friday, March 08, 2019 CNRL says a refinery project and natural output declines should help prevent another crash in local oil prices.

Alberta Drillers Unfazed by Crude Glut
Thursday, March 07, 2019 Some drillers are moving ahead in Canada's oil sands despite depressed prices last year and resulting production cuts.

Oil Sands Help Alberta Budget Through Pipeline Chaos
Wednesday, February 27, 2019 A relentless increase in production from Alberta's oil sands and higher crude prices in the first half of the year are powering the province's budget through a pipeline shortage.

Devon Energy to Divest Barnett Shale, Canadian Oil Sands Assets
Wednesday, February 20, 2019 In a move to becoming a U.S. oil growth business, Devon Energy's board of directors approved the company's separation of its Canadian oil sands and Barnett Shale assets.

Alberta Eyes $1.7 Billion Profit From Crude-by-Rail Project
Tuesday, February 19, 2019 The deal between Canadian Pacific Railway and Canadian National Railway entails leasing 4,400 rail cars over three years.

Alberta Amends Oil Curtailment to Pacify Companies
Friday, February 01, 2019 Since taking effect, the measure has reduced inventories by 5 million barrels.

Oil-Sands Companies Throw New Tech at Old Foe
Wednesday, January 23, 2019 Canada'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, 2019 Fresh off defeating a hostile takeover bid, MEG Energy is slashing capital spending and reviewing the makeup of its board.

Canadian Oil Surge Fails to Lift Producers
Monday, January 21, 2019 Alberta's crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil.

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

Oil Sands Rebound in 2019
Thursday, December 27, 2018 The Canadian oil industry could be in for another turbulent year in 2019, depending on how some pivotal events pan out.

Canada's Energy Policy Creates Structural Problems for Oil and Gas Industry
Wednesday, December 26, 2018 As the US oil industry reels from the oil prices collapse, Canada's oil business is seeing its oil prices rallying.

Canadian Natural Cuts Spending on Lack of Shipping Options
Wednesday, December 05, 2018 The pipeline shortage that has been strangling the Canadian oil industry is weighing on spending plans for next year.

Canadian Heavy Crude Surges After Alberta Imposes Oil Cuts
Monday, December 03, 2018 Canadian heavy crude strengthened the most since June.

Canada's Output Grows Despite Pipeline Problems
Wednesday, November 28, 2018 Canada's lingering crude glut isn't hindering the country's growing oil output, according to the National Energy Board's most recent forecast.

Canada's Oil Industry Needs $40B to Flourish
Tuesday, November 27, 2018 Canada has a nearly unlimited hydrocarbon resource, so importing oil nations around the world are increasingly seeking the country to supply resources.

Deep Divisions Hinder Canadian Oil Patch
Tuesday, November 20, 2018 The Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions.

Heavy Canadian Crude Falls to Record Low
Friday, November 16, 2018 Heavy Western Canadian Select crude fell to a record low.

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.