Energy Sector
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NDP MP wants Suncor CEO to tell MPs why company moving away from focus on clean energyNDP 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.EnvironmentSep 11
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Crescent Point Energy inks deal to sell assets in North Dakota for $675M cashCrescent Point Energy Corp. has signed a deal to sell its North Dakota assets to a private operator for about $675 million in cash.MoneyAug 24
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Suncor CEO says company has been too focused on energy transition, must get back to fundamentalsThe 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.EconomyAug 15
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Suncor tells Alberta Energy Regulator reconsidering approvals would arm industry opponentsOilsands 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.EnvironmentJul 28
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TC Energy splitting into 2 separate companiesTC Energy Corp. says it will split into two separate, publicly traded companies by spinning off its liquids pipelines business.CanadaJul 27
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Cenovus Energy reports 2nd-quarter profits down, lowers upstream production guidanceCenovus' 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.MoneyJul 27
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Precision Drilling reports $26.9M profit in Q2 as firm reduces debtPrecision Drilling reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier.MoneyJul 27
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Crescent Point Energy reports $212M profit in 2nd quarterCrescent 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.MoneyJul 26
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Oil and gas methane reductions less expensive than paying carbon tax: studyNew 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.EnvironmentJul 19
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Ottawa set to end domestic subsidies for unabated fossil-fuel productionSteven 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.CanadaJul 14
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