Norway’s US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron. Continue reading →

Canadian Natural Resources lost $776 million in the fourth quarter, compared with a profit of $396 million a year earlier. Continue reading →

Workers in eastern Alberta are breathing a sigh of relief Friday after CNRL said the province easing the oil production cap means it can keep the ECHO pipeline running. Continue reading →

Imperial Oil Ltd. is cutting its crude-by-rail shipments from 168,000 barrels per day in December to “near zero” this month and its CEO is placing the blame squarely on the Alberta government’s oil production curtailment order. Continue reading →

Workers in communities like Bonnyville, Lakeland County, Elk Point and Lloydminster are worried changes to Alberta’s oil curtailment formula will cost as many as 1,000 people their jobs. Continue reading →

Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. Continue reading →

Oil production cuts will have the desired outcome of reducing steep discounts on Alberta oil — but it will also create winners and losers, according to financial analysts. Continue reading →

Shares in oilsands companies most likely to benefit from Alberta’s move to curtail oil production are soaring in the wake of Sunday’s announcement by Premier Rachel Notley. Continue reading →