Canada's oil patch is undergoing significant consolidation, with companies preferring to acquire existing operations rather than invest in new, expensive oil sands production. The acquisition battle ...

Canada’s oil sands industry reduced its emissions per barrel for the sixth straight year in 2023, even as one growing portion of the sector moved in the opposite direction, according to new Alberta ...

CALGARY (Reuters) -Giant shovels, driverless trucks and a dog-like robot have all helped Canada's oil sands companies including Imperial Oil and Suncor become some of North America's lowest-cost oil ...

The cost of developing new oil projects has increased due to inflation and supply chain challenges, but breakeven prices are still below current oil prices. Tight oil and offshore projects offer the ...

Canadian oil sands benefit from geology, technology, and cost-cutting measures Canadian oil sands have lower break-even prices than U.S. shale producers Technological advances improve efficiency and ...