Energy Sector

• NDP MP wants Suncor CEO to tell MPs why company moving away from focus on clean energy

  NDP MP Charlie Angus will ask the natural resources committee to summon the CEO of oilsands giant Suncor when the House of Commons resumes next week.

  Environment

  Sep 11
  
• Crescent Point Energy inks deal to sell assets in North Dakota for $675M cash

  Crescent Point Energy Corp. has signed a deal to sell its North Dakota assets to a private operator for about $675 million in cash.

  Money

  Aug 24
  
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• Suncor CEO says company has been too focused on energy transition, must get back to fundamentals

  The man hired to turn around the flagging fortunes of Suncor Energy says he believes the company's been too focused in recent years on the energy transition.

  Economy

  Aug 15
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• Suncor tells Alberta Energy Regulator reconsidering approvals would arm industry opponents

  Oilsands giant Suncor says reopening the debate over mining an ecologically valuable wetland would play into the hands of industry opponents and upset Alberta's energy development.

  Environment

  Jul 28
• TC Energy splitting into 2 separate companies

  TC Energy Corp. says it will split into two separate, publicly traded companies by spinning off its liquids pipelines business.

  Canada

  Jul 27
• Cenovus Energy reports 2nd-quarter profits down, lowers upstream production guidance

  Cenovus' upstream production in the second quarter of 2023 was 729,900 barrels of oil equivalent per day, down from 761,500 a year earlier for comparison.

  Money

  Jul 27
• Precision Drilling reports $26.9M profit in Q2 as firm reduces debt

  Precision Drilling reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier.

  Money

  Jul 27
• Crescent Point Energy reports $212M profit in 2nd quarter

  Crescent Point Energy Corp. reported its second-quarter profit fell by 36 per cent year-over-year as global oil prices declined from 2022's dramatic peaks.

  Money

  Jul 26
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• Oil and gas methane reductions less expensive than paying carbon tax: study

  New research concludes it would be much cheaper for the energy industry to meet reduction targets for the potent greenhouse gas than it would be to pay carbon taxes on it.

  Environment

  Jul 19
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• Ottawa set to end domestic subsidies for unabated fossil-fuel production

  Steven Guilbeault is set to publish policy guidelines that will dictate the circumstances under which future federal investments can still flow to Canadian oil and gas firms.

  Canada

  Jul 14