As part of the agreement, all existing assets at the Edmonton Terminal currently contracted with Suncor will be combined into a single Master Services Agreement.
The cancellation of the Keystone XL oil export pipeline has resulted in a second oilsands company posting a multimillion-dollar impairment charge in its fourth quarter earnings report.
Surging production from its Kearl oil sands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and operational spending, helped Imperial Oil Ltd.
Market volatility behind the location change Suncor Energy has announced it will move its Petro-Canada head office from two sites in Ontario to Calgary next year.
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.
