The United States government has finally rejected the controversial Keystone XL pipeline project, which was intended to ship crude oil from the Alberta oil sands of Canada down to the southern coast of the US.

TransCanada, the company tasked with building a mammoth oil pipeline linking Canada and the United States, has asked the US government to postpone a final decision on whether the project will go ahead, apparently fearing a negative outcome.

Royal Dutch Shell Plc announced that it will not continue construction of its 80,000 b/d Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market

Canadian Oil Sands, a major force in the oilsands business in several Canadian provinces, has rejected an unsolicited offer to buy it out, reported CBC News.

Cenovus Energy Inc has evacuated about 1,800 workers and shut down production at its Foster Creek oil sands site in Alberta as a precaution because of a nearby forest fire, the company said.

Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009.

WorleyParsons Ltd.’s Canadian subsidiary WorleyParsonsCord has been selected to provide fabrication, modularization, and construction services in an agreement with a major exploration and production company in Canada to construct a significant oil sands mining project.