Energy Sector
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Keystone XL’s cancellation sparks interest in diluent recovery unit: energy firm CEOThe CEO of Gibson Energy says clarity about the future of the Keystone XL pipeline has spurred increased interest in an expansion of its diluent recovery unit.MoneyFeb 23
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Brookfield and its partners formally launch hostile bid for Inter PipelineBrookfield Infrastructure Partners L.P. and its partners have formally launched a hostile bid to acquire Inter Pipeline, nearly two weeks after its public interest was rebuffed.MoneyFeb 22
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TC Energy refuses to raise bid for TC PipeLinesTC Energy Corp. says it has no intention of again sweetening its bid to buy out the other unitholders of TC PipeLines LP, a U.S. master limited partnership it operates.MoneyFeb 22
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U.S. deep freeze boosts Canadian oil and gas producer profits and prospectsCanadian oil and gas producers are banking higher profits as unusually severe winter weather sidelines U.S. rivals this week and drives up demand and prices for their products.MoneyFeb 17
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Spartan Delta buys Inception Exploration and oil and gas assets for $148MSpartan Delta Corp. says it's agreed to buy private rival Inception Exploration Ltd. and two packages of oil and gas assets in Alberta for $148 million in cash and shares.MoneyFeb 16
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‘He’s not going back’: former Obama adviser Podesta on Biden’s Keystone XL decisionA senior adviser to two former U.S. presidents delivered a stark message Friday to Canadians hoping for the resurrection of the Keystone XL pipeline: get over it.EconomyFeb 12
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Erin O’Toole pushes U.S. envoy to Canada to preserve Line 5, Keystone XL pipelinesConservative Leader Erin O'Toole urged the acting American ambassador to Canada to tell Washington to preserve the Line 5 pipeline to the United States.EconomyFeb 11
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Suncor Energy notes fourth-quarter loss on lower revenue, writedownsSuncor Energy Inc. is reporting a fourth-quarter net loss of $168 million or 11 cents per share, compared with a net loss of $2.34 billion or $1.52 in the same period of 2019.MoneyFeb 3
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Cautious optimism for oil sector as fourth-quarter reporting season dawnsOil producers are expected to maintain spending discipline in 2021 as optimism from stronger oil prices is offset by fears of weak demand.MoneyJan 27
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Motion banning fossil fuel advertisements in Regina loses more supportWard 6 Coun. Dan LeBlanc, who brought forward the motion, now says he will support withdrawing the motion at Regina’s city council meeting on Jan. 27.CanadaJan 25
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