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oil sands

(Brent Lewin/Bloomberg)

Canadian oil sands meets possible suitors to counter Suncor bid

Canadian Oil Sands Ltd. management has met with one other potential bidder for the company and plans to meet with three others in the next two weeks as it seeks alternatives to a $4.5 billion hostile takeover offer from Suncor Energy Inc.
U.S. President Barack Obama, flanked by Vice President Joe Biden (L) and U.S. Secretary of State John Kerry (R), at the White House November 6, 2015 in Washington, DC. (Photo by Mark Wilson/Getty Images)

Obama rejects Keystone XL, saying pipeline wouldn’t create many jobs, lower gas prices or boost U.S. energy security

The move ends — for now — a seven-year saga over the proposed pipeline.
Democratic presidential candidate Sen. Bernie Sanders, I-Vt., left, with Sen. Jeff Merkley, D-OR., right, points to the Capitol building during a news conference on Wednesday, Nov. 4, 2015. (AP Photo/Pablo Martinez Monsivais)

Sanders: Obama should reject Keystone XL before Paris climate talks

Democratic presidential candidate Bernie Sanders joined prominent environmentalists in urging Obama to reject Keystone XL now — weeks before international climate negotiations.
(Daniel Acker/Bloomberg)

Money flooding out of Canada at fastest pace in developed world

Crude oil, among the nation’s biggest exports, has collapsed to about half its 2014 peak.
Dump trucks loaded with oil sands drive through the Suncor Energy Inc. mine in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. (Ben Nelms/Bloomberg

Oil sands pipelines may be running out of room

Environmental activism is a major reason no new pipelines — including Keystone XL — have been built to transport oil sands crude away from Alberta since 2010, according to a new report.

ConocoPhillips starts up deep oil sands project in Canada

ConocoPhillips says it’s bringing up its first barrels of oil in a large Canadian oil sands project that has been under construction for five years.
A coalition of groups led by Utah Tar Sands Resistance and Peaceful Uprising speak during a news conference outside the Department of Natural Resources Tuesday, June 30, 2015, in Salt Lake City. Residents and groups opposed to Utah's first tar sands mine are calling on state regulators to withhold approvals for the project because new evidence shows water in the area will be negatively impacted. (AP Photo/Rick Bowmer)

Canadian company’s tar sands mine approved in Utah

Utah Division of Oil, Gas and Mining director John Baza said Monday the decision addresses concerns raised by opposition while acknowledging that U.S. Oil Sands, the Canadian company building the mine, has complied with regulations.
This aerial photo shows an oil sands mine facility near Fort McMurray, in Alberta, Canada. The proposed Keystone XL pipeline would carry oil sands crude from projects in Alberta to refineries along the Gulf Coast. (AP Photo/The Canadian Press, Jeff McIntosh, File)

Suncor scales back, signaling end of oil sands megaprojects

Crude’s price slump, pressure to get off fossil fuels and tax increases in Alberta are adding to high costs and a lack of pipelines, prompting producers from Suncor Energy Inc. to Imperial Oil Ltd. to accelerate a shift to smaller projects.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Alberta fires spread into oil sands area, cutting output

A fire at Cold Lake Air Weapons Range that started Saturday expanded to cover 17,500 hectares (43,000 acres) as fire crews worked to prevent the blaze from reaching the Foster Creek area, Alberta’s Environment and Sustainable Resource Development agency said on its website.

Canada adapting to cheaper oil to avoid going way of the auto industry

The Group of Seven’s biggest oil exporter may see drilling investment slashed by $23.2 billion in the coming 12 months, according to data compiled by Bloomberg. That’s a 29 percent reduction from the previous 12 months and the biggest since at least 2007.