Premier Jason Kenney pitching more Alberta oil in wake of Saudi supply disruption

The supply disruption caused by an attack on a major Saudi oil processing facility has renewed calls from Alberta politicians to get more energy from that province into the world market. “Instability in the Middle East underscores the importance of…

Federal Election 2019: Scheer says repealing carbon pricing will be first job as prime minister

During a campaign event in Calgary, Alta., on Monday, Conservative Party Leader Andrew Scheer said: “Job number one for a Conservative government will be called an act to repeal the carbon tax” and that he would “start the process” to…

Foreign share of production in Alberta’s oilsands falls from 33% to 16%, analysis shows

When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts. “I think Canada itself creates significant barriers to new investment,” said the president…

Oilsands firms considering diluent recovery units to increase crude by rail volumes

Ongoing pipeline project delays and growth in crude-by-rail capacity from Western Canada are leading some oilsands producers to consider spending billions of dollars to build diluent recovery units. Oilsands bitumen is a thick, sticky oil which must be diluted with…

Finning optimism rises on better than expected oilsands, construction markets

Surprising strength in western Canadian oilsands and construction markets along with rising interest in driverless mining trucks and a tax cut in Alberta are fuelling optimism for Finning International Inc. The Vancouver-based heavy equipment dealer on Wednesday credited sales and…

Alberta oilsands mine in public interest despite ‘significant adverse’ effects: panel

A federal-provincial panel says a proposed northeastern Alberta oilsands mine would be in the public interest, even though it would likely significantly harm the environment and Indigenous people. Vancouver-based Teck Resources Ltd. aims to build the $20.6-billion Frontier mine near…