Oil Sands News

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Teck Pulls Oil-Sands Mine Project
Monday, February 24, 2020 Teck 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, 2020 Capital 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, 2020 TC 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, 2020 After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil sector.

Canadian Crude-by-Rail Shipments to Spike
Thursday, December 19, 2019 Crude-by-rail capacity in Alberta is expected to grow by 100,000 barrels a day in December.

Pipeline-Starved Canadian Energy Shines
Friday, December 13, 2019 Canadian energy firms have quietly outperformed their U.S. counterparts this year.

Oil Sands Giants Restrain Spending
Tuesday, December 03, 2019 Capital spending in Canada's oil-sands reserves look set to continue to dwindle.

Conoco's Move to Keep Canadian Synthetic Crude Under Fire
Tuesday, October 01, 2019 ConocoPhillips's shift to a cheaper substitute to dilute the thick bitumen coming from its oil-sands operations may deal a blow to companies that turn heavy oil into more-valuable lighter grades.

Canada's Oil Industry Needs More Outlets
Friday, August 16, 2019 Canada needs new outlets for its oil production, particularly with such stagnant domestic consumption.

Oil Sands Firms May Ship by Rail for Production Limit Increase
Tuesday, July 09, 2019 Canada's oil sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising their production limits.

Some BP Oil Won't See Light of Day
Wednesday, July 03, 2019 BP says some of its resources won't see the light of day.

Is the Canadian Oil Patch Nightmare Over?
Tuesday, June 04, 2019 Energy executives are heartened by recent developments, but realize the industry's all-clear signal has yet to be sounded.

Canadian Oil Companies Investing Abroad at Record Levels
Thursday, May 30, 2019 It's a bad sign for industries already struggling to attract capital.

CNR Closer to King of Oil Sands
Thursday, May 30, 2019 Canadian Natural Resources can't yet claim the King of the Oil Sands status, but it's a lot closer to overtaking its rival Suncor Energy after buying a key Athabasca drilling site.

Texas Money Hits Canada Oil Patch Corner
Tuesday, May 28, 2019 Texas money is flowing into a small corner of Canada's oil sands at a time when big international companies are pulling out.

Canada's Oil Patch Divided on Nixing Crude-by-rail Plan
Wednesday, April 17, 2019 Some of Alberta Premier-Elect Jason Kenney's supporters say he should keep his predecessor's plan to increase the province's crude-by-rail capacity.

Alberta Learns Playing OPEC Isn't Easy
Friday, March 22, 2019 Pipelines are full, but the cost of shipping oil by train to the U.S. means it's not competitive with supplies from shale or Mexico.

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.