Canada Oil Sands Companies

Authorities in Canada lifted evacuation orders on Monday for more work camps and oil facilities that had been shuttered when a massive wildfire threatened the nation's energy hub, bringing more good news for companies eager to restart production.

The majority of Canada's oil sands industry has stopped production and will only start back up when it is "absolutely safe" but that should happen soon, Alberta's premier said on Tuesday after meeting with company officials to discuss the impact of the massive wildfire that destroyed more than 10 per cent of the homes and buildings in Canada's main...

Oil sands companies around the Canadian energy centre of Fort McMurray began to resume production on Tuesday after an out-of-control wildfire forced a shutdown a week ago, and energy executives met with province leaders who reported the town was less damaged than first feared.

Indian state-run exploration company Oil and Natural Gas Corp plans to approach Marathon Oil about buying half of its 20 percent stake in the Athabasca Oil Sands Project in Canada, two sources with knowledge of the matter said on Monday.

A trio of state-controlled oil companies on Monday said it has bid $5 billion for stakes in Canadian oil sands assets owned by ConocoPhillips, in what could be the next major test of Canada's appetite for foreign investment in its energy resources.

Authorities in Canada lifted evacuation orders on Monday for more work camps and oil facilities that had been shuttered when a massive wildfire threatened the nation's energy hub, bringing more good news for companies eager to restart production.

The majority of Canada's oil sands industry has stopped production and will only start back up when it is "absolutely safe" but that should happen soon, Alberta's premier said on Tuesday after meeting with company officials to discuss the impact of the massive wildfire that destroyed more than 10 per cent of the homes and buildings in Canada's main...

Oil sands companies around the Canadian energy centre of Fort McMurray began to resume production on Tuesday after an out-of-control wildfire forced a shutdown a week ago, and energy executives met with province leaders who reported the town was less damaged than first feared.

Indian state-run exploration company Oil and Natural Gas Corp plans to approach Marathon Oil about buying half of its 20 percent stake in the Athabasca Oil Sands Project in Canada, two sources with knowledge of the matter said on Monday.

A trio of state-controlled oil companies on Monday said it has bid $5 billion for stakes in Canadian oil sands assets owned by ConocoPhillips, in what could be the next major test of Canada's appetite for foreign investment in its energy resources.