Oil Sands News in Canada

WEF Announces Final Step of Its Acquisition of Osum Oil Sands Corp
4/6/2021 - Waterous Energy Fund ("WEF") and Osum Oil Sands Corp. ("Osum") announce that Osum has entered into an amalgamation agreement with WEF Osum Acquisition Corp. ("WOAC") under which Osum will amalgamate w...
Canadian Natural Resources Announces 2020 4th Quarter
3/4/2021 - Commenting on the Company's 2020 results, Tim McKay, President of Canadian Natural stated "The impact of the COVID-19 pandemic effected the very way we conducted our lives and the way we operated our ...
Cenovus Reports 2020 Fourth Quarter & Full Year Results
2/9/2021 - Cenovus Energy Inc. responded to extreme oil price volatility in 2020 by quickly reducing capital spending as well as strategically managing oil sands production and purchasing curtailment credits to ...
2021 Budget to Achieve Nearly $1B of Synergies in 1st Year
1/28/2021 - Cenovus Energy Inc. has delivered a disciplined 2021 capital budget focused on maintaining safe and reliable operations while positioning the company to drive enhanced shareholder value. The budget in...
Acceleware Receives Support for Marwayne RF XL Pilot
12/22/2020 - Acceleware® Ltd., a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, including enabling the development of low-carbon initiatives, is pleased to anno...
Suncor Announces 2021 Production Outlook & Capital Allocation
11/30/2020 - Suncor released its 2021 corporate guidance today which reflects its capital allocation framework and includes:

- average upstream production of 740,000 to 780,000 barrels of oil equivalent p...
Petroteq Energy Assay of Oil Sands Saturation Exceeds Expectations
11/11/2020 - Petroteq Energy Inc., an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction technologies, announced that assays of oil sands samples taken during ...
Cenovus Delivers Strong 3rd Quarter Operating Results
10/29/2020 - Cenovus Energy Inc. continued to deliver strong operational performance and further improved its financial resilience in the third quarter by remaining committed to disciplined capital investment, cos...
Petroteq Identifies Oil Sands with Potential for Higher Oil Saturations
10/29/2020 - Petroteq Energy Inc, an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction technologies, announced that work to upgrade the capacity and reliabili...
Imperial Provides Kearl Operational Update Following Pipeline Restart
9/14/2020 - Imperial confirmed that its Kearl oil sands operation has safely started ramping up production to normal rates following the return to service of a third-party diluent pipeline. The production impact ...
Imperial Provides Kearl Operational Update
9/2/2020 - Imperial is undertaking a controlled ramp down at its Kearl oil sands operation due to an ongoing outage on a third-party diluent pipeline related to a release that was detected on August 29, 2020. Al...
Cenovus Reports Second Quarter 2020 Results
7/23/2020 - Cenovus Energy Inc. remained focused on financial resilience in the second quarter of 2020 and used the flexibility of its assets and marketing strategy to adapt quickly to the changing external envi...
Petroteq Announces Continuous Asphalt Ridge Production
3/29/2019 - Petroteq Energy has been continuously producing in excess of 500 barrels a day for the last two weeks. This is a significant milestone as the Company demonstrates the commercial viability of its first...
Exxon Hits the Brakes on $1.9B Project
3/15/2019 - Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-ma...
Total Sells its Interest in the Joslyn Oil Sands Project to CNRL
8/31/2018 - Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian...
Thailand's PTTEP Puts Canadian Oil Sands Project on Hold
10/20/2017 - Thailand’s PTT has put off plans to develop its Mariana oil sands project in Canada due to weak oil prices, and booked its third impairment on the project in three years, taking total writedowns on it...
Alberta Energy Regulator Amends Joint Review Panel Agreement
8/24/2017 - The Honourable Catherine McKenna, Minister of Environment and Climate Change and Jim Ellis, President and Chief Executive Officer of the Alberta Energy Regulator, announced an amendment to the Joint R...
Canada Invites Chinese Investment in Oil Sands
6/9/2017 - The Canadian government is inviting Chinese investment in its oil sands sector, Canada Natural Resources Minister Jim Carr said on Thursday, following a torrid six months in which $22.5 billion in for...
Shell Completes Divestment of Oil Sands Interests in Canada
5/31/2017 - Royal Dutch Shell plc announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its i...
ConocoPhillips Completes Sale of FCCL Partnership Interest
5/17/2017 - ConocoPhillips completed its previously announced transaction with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the m...

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