Athabasca Oil to shut down oilsands project due to drop in oil prices, COVID-19 pandemic

By Staff The Canadian Press Posted April 3, 2020 2:27 pm Updated April 3, 2020 2:28 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Athabasca Oil Corp. is suspending operations at its Hangingstone…

Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel

Oil and gas producers in Alberta may very well be facing their toughest challenge to date, as the price of Western Canadian Select closed at US$5.29 Wednesday. Experts have attributed the price drop to the ongoing COVID-19 pandemic, as well…

TC Energy says Keystone XL pipeline will lead to lower greenhouse gas emissions as opposed to other transportation

March 31 2020 5:19pm TC Energy CEO Russ Girling says the Keystone XL pipeline will be one of the safest and environmentally friendly ways to transport oil. ‘ }); } else { var rel_id = svp.releaseInfo.contentId+””; if( typeof gnca_social_share_collection[rel_id] !=…

‘We believe the timing is good’: Kenney cites current crisis for reasons to invest in Keystone pipeline now

March 31 2020 5:18pm Premier Jason Kenney says the ongoing COVID-19 pandemic and economic uncertainty in Alberta are the reasons why it’s the right time to invest in the Keystone XL pipeline. ‘ }); } else { var rel_id =…

TC Energy says it is going ahead with US$8 billion Keystone XL Pipeline

TC Energy Corp. gave the go-ahead for construction of its US$8-billion Keystone XL Pipeline project on Tuesday, with a helping hand from the Alberta government. The company said Alberta has agreed to invest approximately US$1.1 billion as equity in the…

Oilsands companies in the red as blended bitumen price dips below $4 per barrel

Oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said. Realized prices for bitumen likely crossed into negative territory as they…

Fort McMurray mayor says it’s ‘time to act decisively’ on keeping COVID-19 away

The mayor of Fort McMurray said the northeastern Alberta city and surrounding communities are especially vulnerable to COVID-19 because tens of thousands of workers travel from across Canada to work in the oilsands. Don Scott proposed several aggressive measures to…

Canadian environmental groups, unions, churches ask that potential oil bailout be for families, not companies

Some Canadian organizations are asking the federal government to focus any bailout of the oil industry on workers and families, not corporations. The request comes in an open letter to Prime Minister Justin Trudeau, released Tuesday morning and signed by…

Part of Syncrude oilsands upgrader remains down after fire last Sunday

By Staff The Canadian Press Posted March 6, 2020 12:09 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Part of Syncrude Canada’s oilsands mining complex in northern Alberta remains out of commission following…