Canada's oil and gas industry is a fiscal time bomb due to oil well cleanup liabilities that have been kept off the books.

Canadian Oil Sands (COS), the majority interest holder in the massive oil sands operation in northern ­Alberta, said the plan includes ­expanding production by developing its leases at Aurora South.

Oil Sands operations is comprised of Firebag, MacKay River, and Base Plant. Oil Sands operations synthetic crude oil (SCO) is produced from bitumen that is sourced from Oil Sands operations, as well ...

Dec 6 (Reuters) - Canadian Oil Sands Ltd, the largest-interest owner of the Syncrude Project, said that Syncrude's oil sands operations produced an average of 283,300 barrels per day (bpd) in November ...

Suncor Energy has bought an additional 5% interest in the Syncrude oil sands consortium in the Canadian province of Alberta after signing a C$920 million (US$730 million) deal with Mocal Energy. The ...