Suncor Energy Inc. is delaying a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging COVID-19 outbreaks that led to a state of emergency being declared last week for the Fort McMurray area of northern Alberta.

The CEO of Whitecap Resources Inc. says his company is working to expand its ability to capture, store and use carbon dioxide to enhance oil recovery in spite of Ottawa's decision to exclude such projects from proposed investment tax credits in its recent budget.

Between 2014 and 2019, Calgary saw the departure of nine head offices and 3,600 head office jobs, according to Statistics Canada. The number of head office jobs in Alberta fell by almost 5,500 positions while it rose by almost 2,800 positions in the rest of the country.

A formalized takeover bid for Inter Pipeline Ltd. that matches an informal offer made about two weeks ago suggests that Brookfield Infrastructure Partners L.P. doesn't expect a white knight to drive up the price, an analyst said Tuesday.

Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with all-time record high prices for lumber and oriented strandboard building panels.

Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota, but the CEO of Enbridge Inc. says the project is on track to start delivering "lots of free cash flow" by late this year.