Tags » Oil Production And Refining

CNRL trims Q1 loss with cost reductions

Canadian Natural Resources Ltd., the nation’s largest heavy oil producer, reported a narrower first-quarter loss as production volumes met forecasts and costs dropped.

The net loss shrank to $105 million, or 10 cents a share, from $252 million, or 23 cents, a year earlier, the Calgary-based company said Thursday in a statement. 199 more words


Oilsands production shutdown from Fort McMurray wildfire another blow to sector

A furious wildfire in Fort McMurray, Alta., the heart of Canada’s oilsands region, forced many producers Wednesday to curb output, dealing a further blow to a sector already devastated by low oil prices. 675 more words


Strong bitumen blending prices expected to continue to hurt oilsands

High prices for condensate, a diluent that allows sticky oilsands bitumen to flow in a pipeline, are expected to remain a thorn in the side of producers already reeling from low prices. 451 more words


Varcoe: Big contrast in meetings as oil giants grapple with price rollercoaster

Suncor Energy Inc.’s annual meeting this week was so action-packed, they should have sold popcorn outside the Telus Convention Centre.

In contrast, Friday’s annual meeting at Imperial Oil Ltd. 902 more words


Paul Precht: Could synthetic crude oil shift pipeline politics in Alberta's favour?

The boom in oilsands investment in recent decades has been a blessing and a curse for Alberta. Many Albertans may be unaware of a risky gamble oilsands investors made about a decade ago that resulted in costly losses to the industry and the Alberta economy. 1,014 more words


Oilsands greenhouse gas emissions cap unnecessary, says Imperial Oil Ltd CEO

CALGARY — A cap on greenhouse gas emissions in the oilsands is an unnecessary part of Alberta’s climate leadership plan, Imperial Oil Ltd.’s CEO said Friday. 507 more words


Opinion: Energy East is a trap that Quebec should avoid

Environmental and citizens’ groups across Quebec are celebrating a bittersweet victory this week. TransCanada has finally agreed to submit a limited environmental impact study of its Energy East pipeline project to Quebec authorities. 697 more words