Oil production is beginning to recover after it was curtailed by an average of 30% in the second quarter due to low crude prices, PrairieSky Royalty Ltd.
A rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week, but analysts say there are still too many uncertainties to expect any new spending in the sector.
Suncor has teamed with Japanese partners to fund an innovative new project called LanzaJet that will develop sustainable aviation fuel (SAF) and other products.
CALGARY - Consumer demand for fuel is growing slightly after a sudden decline due to measures to deal with the COVID-19 pandemic but the CEO of Suncor Energy Inc.
Husky cancels plan to sell off network of retail gasoline stationsOil and gas prices continue to move downward despite moves from OPEC+ and others to curtail supply.
The shelving of the proposed $20.6-billion Frontier oilsands mine this week stems mostly from the length of time it took for it to win regulatory approval, says the CEO of oilsands producer Husky Energy Inc.
