Suncor Energy Inc. is reporting first-quarter net income that beat analyst expectations thanks to higher oil prices, record downstream results, more oilsands production and a $264-million insurance gain on its assets in Libya. Continue reading →

Norway’s US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron. Continue reading →

His comments echo complaints by major producers with refining assets which have all said the Alberta curtailment program is an unwanted intervention in the marketplace. Continue reading →

The Alberta government’s decision to spend $3.7 billion to move more crude by rail was made necessary by its poorly considered move to impose production curtailments, executives with Husky Energy charged on Tuesday. Continue reading →

It says it must present a research plan for its water-capping technology by September 2023. Continue reading →

CEO Steve Williams says the program designed to draw down crude storage and free up space on export pipelines has worked too well. Continue reading →

The CEO of oilsands giant Suncor Energy Inc. says he’s confident new oil pipelines will be built after hosting Prime Minister Justin Trudeau at its newly opened Fort Hills oilsands mine. Continue reading →

The partners in the Fort Hills oilsands project have settled a funding dispute that will see French oil company Total reduce its stake in the development. Continue reading →

Suncor Energy Inc. says production is expected to increase next year, but the company plans to reduce its capital spending. Continue reading →

Cleanup crews continued their work Friday after a gasoline spill at a Suncor Energy Inc. facility in eastern Quebec. Continue reading →