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Supreme Court of Canada to hear appeal from subcontractor arguing trustee must notify potential claimants of existence of surety bond

March 9, 2017 by Canadian Underwriter

The Supreme Court of Canada announced Thursday it will hear an appeal from a subcontractor on an oilsands project who is trying to sue a general contractor for failing to inform it of the existence of a surety bond. Court

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Back to business results expected from oilsands as wildfire impact dissipates

October 26, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Oilsands producers are expected to report back-to-business third-quarter results over the next few days as they shrug off lingering impacts of last May’s devastating wildfires in Fort McMurray, Alta. While provincial estimates report that Alberta oilsands production dropped

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Higher prices from Fort McMurray wildfire to boost Q2 energy company results

July 21, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Analysts predict oil prices driven higher by production stoppages during the Fort McMurray, Alta., wildfires in May will bolster the bottom lines of Canadian oil and gas companies as they report financial results starting this week. Western Canada

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Oilsands companies not expected to make insurance claims from Fort McMurray fire

July 11, 2016 by Canadian Underwriter

CALGARY – Oilsands producers are not expected to be among the recipients of a record insurance payout arising from the wildfire in Fort McMurray, Alta., in May even though some of them had to halt production for weeks at a

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Wildfire loss to oilsands at least 30 million barrels worth $1.4 billion

June 15, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Analysts say lost oilsands production from the Fort McMurray wildfires could top 30 million barrels and cost the industry upwards of $1.4 billion. Some of the largest oilsands producers in the province were forced to shut down or

News CatastrophesInsuranceMergers and Aqcuisitions

Athabasca, Syncrude bring back project staff as wildfire risk recedes

May 24, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Alberta oilsands workers forced to flee the ferocious Fort McMurray wildfire are returning to begin the tricky process of restarting their projects in northern Alberta, reassured by colder weather and a forecast of rain. In a Tuesday morning