Oil Sands
News
February 27, 2017
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves.
News
February 23, 2017
Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.
News
February 09, 2017
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle.
News
November 10, 2015
Suncor Energy has successfully closed the previously announced purchase of an additional 10% working interest in the Fort Hills oil sands project from Total E&P Canada Ltd.
News
November 06, 2015
President Barack Obama’s rejection of the Keystone XL pipeline solidifies what the market has been saying for months -- there’s less appetite for expensive Canadian oil sands in an era of $45 crude.
News
November 06, 2015
Suncor Energy Inc. is stepping up its hostile C$4.3 billion ($3.3 billion) bid for Canadian Oil Sands Ltd. by asking Alberta regulators to strike down the target’s new shareholder rights plan aimed at preventing its takeover.
News
October 30, 2015
Canadian Oil Sands Ltd., the largest owner of the Syncrude venture in northern Alberta, said it’s considering alternatives to Suncor Energy Inc.’s C$4.3 billion ($3.3 billion) hostile takeover bid and has already had interest from possible suitors.
News
October 28, 2015
Royal Dutch Shell Plc made its second major strategic change in as many months, saying it will take a $2 billion charge as it shelves an oil-sands project in Alberta after walking away from an Arctic drilling program.
News
October 19, 2015
Canadian Oil Sands Ltd. urged shareholders to reject Suncor Energy Inc.’s C$4.3-billion ($3.3-billion) hostile takeover, accusing the larger rival of undervaluing its business and exploiting undisclosed information about a partnership in making a low-ball offer.
News
October 07, 2015
Suncor Energy Inc. expects Canadian Oil Sands Ltd. to reject its C$4.3 billion ($3.3 billion) hostile takeover, so it’s striving to convince shareholders of the merits of the deal, CEO Steve Williams said.
News
October 05, 2015
Suncor Energy has made an unsolicited offer to Canadian Oil Sands (COS) shareholders to acquire all of the outstanding shares of COS for a total consideration of approximately C$4.3 billion ($3.3 billion), Calgary-based Suncor said Monday.
News
October 01, 2015
A longtime Canadian advocate for the Keystone XL pipeline is blaming his former boss, Alberta Premier Rachel Notley, for dropping the ball on the project and handing U.S. President Barack Obama a blank check to reject it.
News
September 21, 2015
Total has signed an agreement to sell a 10% interest in the Fort Hills oil sands mining project to the operating partner Suncor Energy.
News
September 07, 2015
The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude.
News
September 01, 2015
ConocoPhillips has delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, the company said Tuesday.
News
September 01, 2015
Cenovus Energy has closed its purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta.
News
August 30, 2015
The Alberta Energy Regulator has ordered the immediate suspension of 15 pipeline licenses issued to Nexen, the Canadian unit of China’s Cnooc Ltd., after finding “noncompliant activities” at the company’s Long Lake oil-sands operations.
News
August 17, 2015
Alberta’s energy regulator restricted applications by oil and natural gas operators to withdraw water from the Athabasca River amid dry conditions in the province.
News
July 31, 2015
TransCanada Corp. is slowing work on two pipelines in Alberta because of reduced demand tied to lower crude prices and setbacks to its major oil export projects.
News
July 28, 2015
It’s becoming increasingly difficult to get oil-sands pipeline projects off the ground, and Alberta’s worst spill since 1980 will probably make it tougher.
News
July 24, 2015
KBR has received an award associated with the Fort Hills oil sands mining project. KBR won a reimbursable contract to provide construction services at the facility located 90 km north of Fort McMurray, Alberta.
