Trudeau Says Canada Talking To OPEC, U.S. About Oil Price War

Canada is continuing its conversations on the Russia-Saudi oil price war with the international community, including the Organization of Petroleum Exporting Countries (OPEC), Prime Minister Justin Trudeau said this morning.

April 3, 2020, 10:42 AM MDT

Athabasca Suspends Hangingstone SAGD Operation

Due to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca Oil Corporation has decided to suspend the Hangingstone SAGD operation.

April 2, 2020, 4:23 PM MDT

Cenovus Lowers Spending Outlook Further

Cenovus Energy Inc. has decided to reduce its planned 2020 capital spending by an additional $150 million which, combined with the $450 million reduction announced March 9, is a $600 million decrease from the budget released in December.

April 2, 2020, 4:12 AM MDT

Alberta Government Investment Crucial To Keystone XL Proceeding, Says Kenney

The Keystone XL pipeline which is essential for the economic future of Alberta would not be built — at least not for the foreseeable future — without financial assistance from the provincial government, Premier Jason Kenney said Tuesday.

April 1, 2020, 12 AM MDT

Fort Hills Could Be Price War Victim

April 1, 2020, 12 AM MDT