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Four Canadian energy firms shut pipelines after crude leak in Strathcona County near Edmonton

A group of four Canadian energy companies including Imperial Oil has shut in and de-pressurized pipelines after crude oil spilled into a creek in Strathcona County, which is near Edmonton, on Saturday, CBC News reported on Sunday, citing an Alberta official. 77 more words


Gas retailers are battered by low margins, but Parkland is betting on scale

Parkland Fuel Corp.’s acquisition of Chevron Corp. gas stations solidifies the Red Deer company as Canada’s largest fuel retailer, but it also signals an ongoing shakeup in the retail market that’s been battered by low profits. 592 more words


Brookfield group to buy all 213 Loblaw gas stations for $540 million

Loblaw is selling all 213 of its gas stations across the country for $540 million to Brookfield Business Partners and its partners.

While Brookfield would rebrand the stations to Mobil, they would continue to use the PC Plus loyalty program offered by Loblaw. 269 more words


Suncor says it will meet 2017 production targets despite fire at Syncrude upgrader

Oil production remains offline two weeks after a fire halted operations at the Syncrude oilsands mining complex in northern Alberta but its largest owner says it still expects to meet 2017 targets. 242 more words


Shell's high-tailing is annoying, but there is lots to like about the Canadianization of the oilsands

After a couple of decades of globalization, the oilsands are back to being owned and run by a tight oligopoly of Canadian companies.

The rush of foreign players brought capital, research and development, employment and an international flavour to the industry. 786 more words


Varcoe: Oilsands renaissance seen as sector hits middle age

At the ripe old age of 50, have the Canadian oilsands finally peaked, progressing into middle age and the slow toboggan ride down the hill? 956 more words


ConocoPhillips revises down oil sands reserves by a billion-plus barrels underscoring region's price vulnerability

CALGARY — ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada’s vast hydrocarbon potential may be left untapped. 418 more words