Tag: oilsands

Imperial Oil’s Kearl oilsands mine stops output due to diluent pipeline outage

CALGARY – The partial shutdown of a diluent supply pipeline following a spill near Fort McMurray has halted production at the Kearl oilsands mining operation in northern Alberta, operator Imperial Oil Ltd. said Wednesday. Analysts say the anticipated withdrawal of thousands of barrels of bitumen per day from the market is already affecting crude prices.…

B.C. and Saskatchewan issue COVID-19 warnings following cases at Alberta oilsands site

FORT MCMURRAY, ALTA.—Health officials in British Columbia and Saskatchewan are advising people to self-isolate if they’re returning from an area of Alberta where an oilsands site is suffering from a COVID-19 outbreak. The Saskatchewan Health Authority said in a statement it and the Northern Inter-Tribal Health Authority have begun a contact-tracing investigation into new cases…

Alberta and two First Nations make deal for proposed oilsands mine

EDMONTON – The Alberta government has struck deals with two northern Alberta First Nations over a proposed open-pit oilsands mine that’s awaiting Ottawa’s approval. The Mikisew Cree and Athabasca Chipewyan First Nations had previously reached deals with Teck Resources Ltd. for the Frontier mine, but were still negotiating with the province over environmental and cultural…

Oilsands producer MEG Energy posts $199M loss, vows to ship more oil by rail

CALGARY – Oilsands producer MEG Energy says it has doubled its crude-by-rail shipments and will double them again to maximize prices in view of insufficient pipeline export capacity from Western Canada. The Calgary-based company says steep discounts for the bitumen it produces at its northern Alberta steam-driven project resulted in a net loss of $…