The funds will go to oil sands producer Canadian Natural Resources and Titanium Corp.'s Creating Value from Waste (CVW) technology.
Canadian Natural Resources Mining News
Two workers were killed and five were injured when cables holding up a roof support structure snapped at an Alberta oil sands project in 2007.
One of the largest Canadian oil and gas companies has sold its stake in a major pipeline system linking it and other major oil producers in northern Alberta.
Oil companies are reducing production to allow families to evacuate.
Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.
As of Wednesday night, there were 63 fires burning in the area and 13 were considered to be out of control.
The loan will be used for the development of the company's Red Chris gold and copper mine in northwest British Columbia.
While the ambitious target doesn’t include specifics for the oil sands, they are included in the plan, says the government.
The recent drop in oil prices keeps taking a toll on the company's bottom line.
Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.
Oil companies in Canada, the world’s fifth-largest crude producer, are not showing any signs of cutting down output, despite fuel prices more than halving in the past six months.
The firm is deferring the first phase of the 40,000-barrel-per-day project Kirby oil sands project in northern Alberta, originally targeted for the fourth quarter of 2016.
Method under scrutiny is the so-called cyclic steam stimulation, which is the same it was being used at CNRL's Primrose site during a major spill last year.
N. Murray Edwards has a 36% stake in Imperial Metals, owner of Mount Polley mine.
Environmental regulator and company don't agree on what's causing the leaks.
Related to four bitumen releases from the summer.
Canadian Natural Resources must drain one of the leak sites.
Improved heavy oil pricing means these producers are enjoying significantly bigger netbacks.
Selling Barrick Energy for C$455 million.