Oilsands

Imperial Oil Ltd., the 141-year-old elder statesman of Canadian fossil fuel firms, said it is encouraged by the rising global demand for petroleum products, but it also is bracing for potential impacts that could follow the United Nations climate summit in Glasgow, Scotland. The Calgary-based company, majority owned by ExxonMobil, issued its 3Q2021 results on…

Opposition to Canadian oil and gas pipelines has grown into an international environmental protest industry from a modest 2008 beginning as “The Tar Sands Campaign,” according to an Alberta government inquiry into foreign funding of home-grown fossil fuel foes. The 657-page Report of the Public Inquiry Into Anti-Alberta Energy Campaigns found that C$1.28 billion ($1…

The Alberta government and Canadian oil exporters celebrated Wednesday after Enbridge Inc. confirmed that its Line 3 pipe replacement project had been completed and would start deliveries Friday (Oct. 1). “It’s fantastic news for our province’s economic recovery,” said Premier Jason Kenney. “Our government will continue to fight for all projects that help bring our…

A group of Northern Alberta Indigenous communities has teamed up with Suncor Energy Inc. to purchase TC Energy Inc.’s stake in an oilsands pipeline. The partnership between oilsands producer Suncor and the Tahsipiy (Three Rivers) group of eight Indigenous communities announced plans on Thursday to acquire TC’s 15% share in the Northern Courier Pipeline. The…

Canadian oilsands player Meg Energy Corp. is partnering with oilfield services giant Baker Hughes Co. (BKR) and software provider C3 AI Inc. to make its upstream operations more efficient. BKR and C3 said Tuesday they had successfully deployed their BHC3 production optimization artificial intelligence (AI) application at Meg’s operations. The software is designed to “improve…

Undetected errors during construction and manufacturing led to the two largest spills in the history of TC Energy Corp.’s Keystone crude oil pipeline system in 2017 and 2019, according to a report by the Government Accountability Office (GAO). The 2,687-mile system has transported more than 3 billion bbl of oilsands crude from Canada to Gulf…

Imperial Oil Ltd.’s Strathcona refinery in Edmonton is looking to add up to 20,000 b/d of renewable diesel to the mix as soon as 2024, enabling emissions from Canada’s transport sector to decline by as much as 3 million metric tons/year. The ExxonMobil affiliate’s complex as designed would use locally grown plant-based feedstock and hydrogen…

Rising consumer demand for fuels from an expanded refinery and retail chain as the Covid-19 pandemic faded helped propel sharply improved financial performance by Cenovus Energy Inc. in the first six months of this year. The Calgary firm’s downstream chain of 1,073 service stations and five U.S. refineries – two in Ohio and one each…

Calgary-based Suncor Energy Inc. saw its earnings jump in the first half of the year, as oil demand rose and the pandemic receded, resulting in the North American retail unit standing out as the growth star. Maintenance turnaround projects, which limited production and sales by the refineries and oilsands operations during 2020 and early this…