Tags » Oil Production And Refining

ConocoPhillips looking to sell big piece of western Canada production

By Divya Balji and Scott Deveau

ConocoPhillips has hired the Bank of Nova Scotia to advise on the sale of about 20 percent of its production in Western Canada outside of the oilsands, according to the bank’s website. 139 more words


Ewart: Alberta finance minister wants off oil roller coaster

After repeatedly lamenting the Alberta government is too dependent on inherently volatile commodity prices, Premier Jim Prentice is only counting on oil and gas and the corporate sector for 25 per cent of provincial revenues in his first budget. 710 more words


Connacher reports $99M loss as crucial vote looms

Oilsands producer Connacher Oil & Gas Ltd. has reported a $99-million fourth quarter loss as it prepares for crucial shareholder and debtholder votes Monday on a survival plan to turn debt into shares. 337 more words


Oilsands faces its biggest test in extended downturn

By Jeremy van Loon and Rebecca Penty

The collapse in the market for Canada’s heavy crude below $30 a barrel last week is hammering home a harsh reality for the nation’s oil-sands producers: There’s no one to save them this time. 1,154 more words


Creditor demands for loan repayment threaten Connacher Oil and Gas

By Ari Altstedter and Rebecca Penty

A New York lawsuit is threatening to make Connacher Oil and Gas Ltd. a casualty of crude’s collapse in Canada’s oilsands as creditors squeeze small producers in one of the priciest places to extract the fuel. 1,153 more words


Canada crude falls below US$30 for first time in six years as BMO warns oilsands must cut costs

Canadian heavy oil prices fell below US$30 for the first time in more than six years as Bank of Montreal warned that oilsands producers must cut costs. 605 more words


Alberta releases new plan for managing oilsands tailings ponds

EDMONTON — The Alberta government has released a new plan for managing oilsands tailings ponds that it says will encourage companies to generate less of the toxic waste water and clean it up sooner. 373 more words