Oilsands

The catalyst for the brighter outlook is the newly expanded Trans Mountain oil pipeline Canada’s oil sands are experiencing a comeback after years of living in the shadow of United States shale. Crude output is climbing to new highs, the nation’s top producers are seeing their shares soar and interest in the industry is rising among U.S. institutional investors. …

Canada’s Oilsands Make Their Comeback as U.S. Shale Plateaus Read More »

Analyst says WCS price boost reflects global shortage By Will Gibson Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Worker at an oil sands SAGD well pad in northern Alberta. Photo courtesy Strathcona Resources Once priced at a steep discount to its lighter, sweeter counterparts, Canadian oil has …

Canada’s Heavy Oil Finds New Fans as Global Demand Rises Read More »

The facts about one of Canada’s biggest industries By Deborah Jaremko Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of an oil sands SAGD production well pad in northern Alberta. Photo supplied to the Canadian Energy Centre Alberta’s oil sands sector is one of Canada’s most important …

Busting Five Myths About the Alberta Oil Sands Read More »

  Oct 8 (Reuters) – Cenovus Energy  on Wednesday sweetened its offer to acquire MEG Energy raising the value of its proposed deal to C$8.6 billion ($6.16 billion), including debt, in an attempt to match a rival bid from Strathcona Resources. Cenovus raised its bid by C$2.35 to about C$29.80 per share, and said this …

“BEST AND FINAL” OFFER – Cenovus Energy Raises Takeover Offer for MEG Energy to US$6.2 Billion Read More »

Major Canadian Oil Site Vents Most Gas Since 2021 Due to Wildfire Cenovus Energy Inc.’s Christina Lake oil-sands site vented 151,511 cubic feet a day of natural gas into the atmosphere in May, the most in over four years, due to an emergency shutdown caused by a wildfire. The shutdown was prompted by a wildfire …

Major Canadian Oil Site Vents Most Gas Since 2021 Due to Wildfire Read More »