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Oil Sands News in Canada

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...
Suncor to Apply to Build New Oil Sands Project in Northern Alberta
5/9/2017 - Suncor Energy, Canada's largest oil and gas producer, said on Monday it plans to submit an application to regulators for a new thermal oil sands project later this year, which could eventually produce...
Suncor Evaluates Potential Oil-Sand Deals as Global Majors Exit
4/27/2017 - Suncor Energy Inc , 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 ...
BP Considering Sale of Stakes in Canadian Oil Sands Assets
4/20/2017 - BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating f...
Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
4/13/2017 - Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to peop...
Nexen Joins ConocoPhillips in Cutting Oil Sands Output
4/6/2017 - Two oil sands producers in northern Alberta have cut production at their facilities due to a shortage of synthetic crude, market sources said, causing Canadian and U.S. crude prices to surge to multi-...
ConocoPhillips to Sell Assets in Canada for $13.3 Billion
3/29/2017 - ConocoPhillips has signed a definitive agreement with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of it...
Shell Divests Oil Sands Interests in Canada for $7.25 Billion
3/9/2017 - Royal Dutch Shell plc announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) — which are detailed in this announcement — that will see ...
ConocoPhillips Revises Down over 1 bln bbls of Oil Sands Reserves
2/22/2017 - ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocar...
Statoil Completes the Sale of its Oil Sands Business
1/31/2017 - Statoil and Athabasca Oil Corporation have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca. ...
Fluor Completes Module Fabrication for Oil Sands Project
10/18/2016 - Fluor Corporation (FLR) announced that all 358 modules have been fabricated and shipped to the site for its portion of the Fort Hills Energy L.P. oil sands mining project in the Athabasca region of Al...
Quest CCS Project Reaches Significant One-Year Milestone
9/15/2016 - In its first year operating, the Quest carbon capture and storage (CCS) project has captured and safely stored one million tonnes of CO2 ahead of schedule. Quest is the first CCS project applied to oi...
Suncor Restarts Oil Sands Operations
5/29/2016 - Suncor has begun the safe and staged restart of its operations in the Regional Municipality of Wood Buffalo (RMWB) with initial production from its Firebag in situ facility early last week. ...

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