Analysts say a dramatic narrowing in the price discount for western Canadian heavy crude in the second quarter of 2023 should mean healthy profits for oilsands producers poised to start reporting their earnings later this week.
The officially disclosed carbon footprints of Canada’s largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect.
Canada's big oil companies are making record profits this year and should be using some of that extra cash to invest in things that curb their greenhouse gas emissions, Environment Minister Steven Guilbeault said on Thursday, May 5, 2022.
Alberta's oilsands are maintaining production levels with critical staff only as operators try to minimize the workforce impact of the highly contagious Omicron variant.
Shell Canada is letting carbon-conscious customers get their two cents in for the environment while filling up at one of its 1,400 stations across Canada.
Canadian Natural Resources Ltd. has struck a $461-million deal to buy Painted Pony Energy Ltd. as it looks to grow its position in the liquids-rich Montney natural gas region of northeastern B.C.
A second outbreak of COVID-19 at an oilsands mine work camp in northern Alberta is concerning, observers say, but not even a vocal critic of the Alberta government's handling of the pandemic would shut those operations down.
Prime Minister Justin Trudeau says news that one of the world's largest investment funds will exclude four Canadian oilsands producers from consideration for investing is part of a continuing shift in global attitudes for which oil companies will have to adjust.
Oilsands giant Canadian Natural Resources Ltd. is joining a lengthening list of oilpatch players who are cutting 2020 capital spending due to the COVID-19 pandemic and plunging oil prices.
Analysts expect to see lower Canadian oil production this year as producers follow the example of Cenovus Energy Inc. in slashing capital spending budgets amid tumbling oil prices.