Oilsands

By Robert Tuttle Canadian oil sands producers now have what’s needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country’s energy minister says. The government on Wednesday revealed plans to remove federal environmental reviews of energy projects, including oil and gas pipelines, natural gas plants and …

Oil Sands Now Has Policies Needed to Boost Output, Canada Says Read More »

Analysts call for more pipeline capacity amid tightening global heavy oil market By Will Gibson Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, making it the …

CANADA’S OIL SANDS EMERGE: Lower Costs See Oil Sands Emerge as One of North America’s Most Attractive Plays Read More »

Bloomberg News Wildfires have erupted in Canada’s oilsands-producing region of Alberta with large blazes within 20 kilometres of about half a million barrels a day of crude production. A total of six out-of-control fires are burning in the Lac la Biche region, where many of the largest in-situ oilsands well sites are located, with the biggest …

Wildfires Break Out in Canada’s Oil Sands Region Read More »

Canadian oil and gas producers anticipate sharply higher profits in 2026 as prices surge due to the Iran war but will channel those earnings back to shareholders rather than invest in major new capital projects, senior executives said on Tuesday. At an annual conference in Toronto, the executives acknowledged their companies’ financial fortunes have changed …

Canada Oil and Gas Profits to Surge on Iran War, but Firms Hold off New Investment Read More »