Oilsands miners had been gradually returning staff to the area to begin the process of restarting production at facilities undamaged by fire but shut down because of the threat.

The firm is the latest member of the oilpatch to face a showdown with lenders amid depressed crude prices,

Shell Canada said Tuesday that it had resumed production at its Albian Sands mining operations about 95 kilometres north of Fort McMurray after a seven−day closure.

In first−quarter results last week, both Cenovus Energy Inc. and MEG Energy Corp. complained their losses were magnified by the high cost of condensate.

This year, 440 staff and full−time contractor positions have been eliminated.

University of Calgary researchers focused on nanotechnology say they have developed a cheaper and more environmentally friendly way to create liquefied natural gas.

Investors in the oil and gas sector are shrugging off federal election results despite predictions that a Liberal minority propped up by the NDP and Greens would result in policies that hurt the industry.

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. says he doesn't expect a full recovery for his company or the Canadian energy sector until at least 2022.