Energy Sector
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Imperial Oil, ExxonMobil Canada selling central Alberta assets to Whitecap for $1.9BImperial Oil says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of Alberta to Whitecap Resources.MoneyJun 28
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More than 30K people to take in Global Energy Show in Calgary after 2-year hiatusTo recognize the energy sector's importance to the province, the Alberta government has declared the week of June 6-10 as Energy Week in Alberta.EconomyJun 7
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Albertans should expect even higher gas prices before May long weekend: analystWith prices at pumps jumping across Alberta, one analyst is expecting another five cent increase before the Victoria Day long weekend.ConsumerMay 13
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Wilkinson says White House, senators have ‘sympathy’ for Canada’s position on Line 5The 65-year-old pipeline, a vital energy artery for border states in the U.S. Midwest as well as Ontario and Quebec, is facing a pair of existential legal challenges.PoliticsMay 13
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Ottawa approves new $10B loan guarantee for Trans Mountain pipeline projectThe federal government has approved a new, approximately $10-billion loan guarantee for the Trans Mountain pipeline project.CanadaMay 11
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Suncor’s strong earnings may not be enough to fend off shareholder pressure: expertsSuncor now has strong first quarter earnings in its arsenal and a publicized plan to improve worker safety, but some say it won't be enough to fend off an activist investor.MoneyMay 10
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Suncor reports earnings of $2.95B as oil prices surgeSuncor says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher.MoneyMay 9
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Sections of B.C. LNG line complete, partnership on disputed portion: Coastal GasLinkThe company behind the Coastal GasLink liquefied natural gas pipeline across northern British Columbia says it is nearing 65 per cent overall completion of the project.CanadaMay 4
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Calfrac Well Services reports Q1 loss, revenue up 38% from year agoCalfrac Well Services Ltd. reported a first-quarter loss of $21.5 million compared with a loss of $22.4 million in the same quarter last year, as its revenue rose 38 per cent.MoneyMay 3
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Suncor’s safety record in spotlight as activist investor calls for changeA string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as a warning sign of deeper problems within a company.CanadaMay 2
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