Imperial Oil to end Syncrude services contract as Suncor takes over
Switching operatorship a sign the oil sands mining industry has evolved from a high-cost and risky, to more proven and predictable.
Suncor agrees to begin operating Syncrude by end of next year
Agreement required from Imperial Oil Resources, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership.
Methane emissions from oilpatch twice as high as thought: survey
Could complicate regulatory attempts to nearly halve releases over the next five years.
Cenovus to buy Husky Energy for $3.8B in shares, Pourbaix is CEO
He says combined company will be better able to weather energy market volatility, generate more cash flow, reduce debt and cut costs.
Suncor Energy will cut 10% to 15% of its workforce over next 18 months
Cuts are to be made across the entire organization; will also affect Suncor’s contracted workers.
PetroChina, Ovintiv end joint venture, agree to split Alberta assets
Each to wind up with 13,000 barrels of oil equivalent per day and the same oil and gas reserves.
Oil sands pipeline partly closed following spill near Fort McMurray
Initial reports indicated about 550 barrels or 90,000 litres of light oil were released with no reported impacts.
Only private investment will save Canada’s economy
Generating, rather than consuming government revenues will require a profound reversal by the Trudeau government.
Suncor shares slip after fire interrupts Fort McMurray oil sands output
Two upgraders at the project are working at minimum rates to process strip-mined bitumen inventory.
Suncor’s Fort McMurray base plant stalled until September due to fire
Blaze in the extraction area was contained quickly, and no one was hurt.
Oil sands companies restoring production as demand spurs higher price
Executives are confident the oil price crisis is subsiding but are dismayed by recent setbacks for oil pipelines in the US.
US Supreme Court deals blow to Keystone oil pipeline project
Upholds a lower court ruling that blocked a key environmental permit for the project.
Norway’s wealth fund excludes oil sands investments over GHG emissions
Canadian Natural Resources, Cenovus Energy, Suncor Energy and Imperial Oil are out.
Teck exits energy industry group CAPP, citing cost cutting
Resource company targeting $1 billion in cost reductions for 2020 – double what it proposed in October.
Husky cuts production by 80,000 bpd, Canadian total 365,000 bpd
Also cutting $700 million in capital budget, second reduction following an earlier cut of $900 million and $100 million in other spending.
US judge cancels permit for Keystone XL pipeline from Canada
Said the US Army Corps of Engineers failed to adequately consider effects on endangered species such as pallid sturgeon.
Canadian oilpatch cutbacks to continue despite OPEC deal
Doesn’t match the reduction in demand caused by measures taken to deal with the COVID-19 pandemic.
Work starts in Montana on disputed Canada US oil pipeline
Project has been tied up for years in legal battles and several court challenges are still pending.
COVID-19 scare at oil sands work camp tests businesses’ plans
Possible virus case shows Civeo’s safety protocols at Suncor Energy base camp work.
Canadian Natural cuts spending, as more producers trim capital plans
Will also cut CEO and other executive salaries and board members have agreed to cut their fees.
TC Energy starts US prep work for Keystone XL pipeline
Clearing a path through US states along the pipeline’s 1,930-kilometre route to begin soon.
Teck decision underscores investment crisis in Canada
The federal government is to blame for a significant drop in investment across 10 of the 15 major sectors of the Canadian economy.
Suncor files application for base oil sands mine extension
Energy company is preparing for when the current base mine is depleted in about 2035.
Few approved oil sands projects stand to be built in near term: analysts
Output could grow by as much as 1.3 million bpd but more capacity for transport needed.
Alberta government in court to stay judge’s order re: oil sands decision
Prosper Petroleum waiting 19 months for a decision on Rigel project, province given 10 days.
Kenney says feds sank Teck mine with deadline change
Ottawa says “not true”, it is not true” Teck was told that the cabinet was going to defer.
Teck withdraws Frontier mine application, cites climate change discourse
Wants jurisdictions to have a framework in place that reconciles resource development and climate change.
Shelved Suncor thermal oil sands project wins Alberta approval
Would use steam to produce bitumen from wells, can now apply for environmental and local development permits.
Court gives Alberta 10 days to make decision on oil sands project
Prosper Petroleum has asked the court to force the Tory government to rule on a project that was approved by the Alberta Energy Regulator in June 2018.
Suncor posts $2.3B loss, writes down oil sands and offshore assets
Accounts for $393 million accounts for higher capital cost estimates for the West White Rose Project.
Miner Teck sets target to be ‘carbon neutral’ by 2050
Looking at other ways of move materials, cleaner power, efficiency measures, producing more metals used in EVs and renewable power generation.
Panel suggests schools ‘balance’ climate change, oil sands lessons
Looking for research, evidence-based knowledge to be transferred to students through curriculum.
