CALGARY — Cenovus Energy Inc. says it has reached a deal to sell its Tucker thermal oilsands project in northeast Alberta for $800 million. The Calgary-based company did not immediately disclose the name of the buyer. Cenovus says the sale will reduce net debt and...
CALGARY — Parkland Corp. says it is ramping up processing at its B.C. refinery following the restart of the Trans Mountain pipeline. Calgary-based Parkland paused processing operations at its Burnaby refinery from Nov. 22 to Dec. 10 due to a lack of crude oil supply...
Trans Mountain’s chief operating officer says the pipeline will likely return to full capacity in late January at “the earliest” as work continues after flood fallout that will cost tens of millions of dollars. The January estimate falls more than a month after the...
VICTORIA — The British Columbia government is lifting a restriction on gasoline for the general public that was put in place after flooding and landslides cut off supply. Public Safety Minister Mike Farnworth said the 30-litre limit per visit to the pumps proved...
CALGARY — Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021. The Calgary-based company says it expects production next year to be 750,000 to 790,000 barrels of oil equivalent per day. Suncor says the production...
