Suncor keeps 2020 oil budget flat, approves $300 million wind farm project

By Staff The Canadian Press Posted December 3, 2019 12:23 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its oil…

Enbridge says Mainline contracting delayed, not dead, after regulator ruling

Shares in Enbridge Inc. were down Monday morning after the Canada Energy Regulator ordered it to suspend an open season it was holding for service on its Canadian Mainline oil pipeline system. Enbridge says the CER decision Friday after markets…

Suncor Energy CEO says he’s not counting on oil risk premium after Saudi attacks

The CEO of Suncor Energy Inc. says his company isn’t counting on higher cash flow despite analyst expectations of a “risk premium” on crude oil prices in the wake of last weekend’s attacks on Saudi Arabian oil facilities. Benchmark oil…

Higher prices and volumes credited as Suncor Energy beats estimates with a $1.47B profit

Suncor Energy Inc. is reporting first-quarter net income that beat analyst expectations thanks to higher oil prices, record downstream results, more oilsands production and a $264-million insurance gain on its assets in Libya. The Calgary-based oilsands producer and refining giant…

Canadian names among oil and gas shares to be dumped by Norway’s US$1 trillion fund

STAVANGER, Norway — Norway’s US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron.…

Parkland Fuel CEO links Alberta oil curtailments to lower refinery margins

Favorable oil refining margins came to an abrupt end for Parkland Fuel Corp. in the fourth quarter after the Alberta government imposed production curtailments, its CEO said Friday. The company reported higher-than-expected profits in the last three months of 2018,…

Alberta rail plan results from oil curtailment mistakes, Husky execs say

The Alberta government’s decision to spend $3.7 billion to move more crude by rail was made necessary by its poorly considered move to impose production curtailments, executives with Husky Energy Inc. charged on Tuesday. Story continues below The Calgary-based company,…

Alberta Energy Regulator OKs Fort Hills oilsands mine tailings plan but orders demonstration

The Alberta Energy Regulator has conditionally approved a tailings management plan for the Fort Hills oilsands mine despite its failure to meet milestones and reliance on an unproven reclamation method. Tailings ponds store water used in the oilsands mining process that…

Suncor calls for early end to Alberta oil production cuts, cites crude-by-rail woes

Suncor Energy Inc. is calling on the Alberta government to make an earlier-than-planned exit from the oil curtailment program it enacted on Jan. 1 because of its “unintended consequences.” READ MORE: Alberta eases oil production cap by 75K barrels per…