Pipeline shipments would restart at approximately 50% of capacity in early May.
Canadian Oil Sands Mining News
Production at Syncrude’s Mildred Lake oil sands to fully resume in April
Suncor Energy, the largest partner in Syncrude, said it expects to meet its 2017 production targets despite a fire that shut down the Mildred Lake upgrader almost two weeks ago.
Suncor Energy sees higher output, lower spending in 2017
Canada’s largest oil and gas company expects production to rise by more than 13% next year and spending to fall by more than $1 billion.
Canadian Oil Sands overhauls leadership and board ahead of Suncor takeover
The company has named Sandy Martin as its new chief executive officer.
Suncor cuts spending by 10% after posting $2bn loss on writedowns
The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.
Suncor changes strategy to acquire Canadian Oil Sands with $6.6bn friendly deal
After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.
Canadian Oil Sands claims victory over Suncor’s hostile takeover attempt
The company is asking Suncor to disclose details of how shareholders reacted to its bid before last week’s deadline had to be extended until Jan. 27.
What value does Suncor see in Canadian Oil Sands?
Canadian Oil Sands is a weak company that has consistently missed many quarterly targets and is focused on one of the least attractive areas of the oil patch at current prices.
Suncor presses Canadian Oil Sands shareholders for a takeover offer nod
“Hope is still not a strategy,” Suncor wrote in a letter to Canadian Oil Sands’ shareholders, stressing there was “little time” left.
Secret deal on Alberta’s oil sands emissions limits divides patch
A hard cap on oilsands emissions was the product of secret negotiations between four top oilsands companies and four environmental organizations.
Canadian Oil Sands to stay in the black even if crude prices keep falling
The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.
Canadian Oil Sands granted one more month to fend off Suncor's hostile bid
The poison pill provision must expire by Monday, Jan. 4, 2016.
Suncor cuts oil sands output for 2016
Canada's dominant oil sands player, however, plans to spend about $900 million more next year.
Canadian Oil Sands accuses Suncor of paying brokers to win takeover bid
Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.
Regulator to weigh on Suncor attempts to take over Canadian Oil Sands
Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.
Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid
The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."
Suncor launches $4.3 billion bid for Canadian Oil Sands
Canadian Oil Sands has been labouring under low oil prices.
Canadian regulator lets Nexen reopen 40 utility pipelines at Long Lake
The remaining 55 pipelines affected by a suspension order must stay closed until the company can demonstrate they're safe.
Canadian Oil Sands project to operate at ‘minimal’ rates until end of the month
The largest synthetic crude oil processing facility in Canada is slowly recovering from a fire that damaged equipment and communication lines over the weekend.
Fire damages Canadian Syncrude equipment, forces firm to halt production
The incident adds to the firm's mounting challenges, including swinging to a loss, growing debt, unplanned equipment outages and Moody’s Investors Service recent cut of the company's credit rating.
No recession for Alberta, just ‘zero growth’ as oil price nosedives
According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.
Oil price debacle likely to drive Alberta into recession: report
According to the Conference Board of Canada, the province faces more than just a slowdown.
