Oil Prices
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Imperial Oil to write off up to $1.2B in Alberta natural gas assetsImperial Oil Ltd. said it has reassessed the long-term development plans of its unconventional natural gas portfolio in Alberta and no longer plans to develop a "significant potion" of those assets.EconomyDec 1, 2020
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Suncor Energy misses expectations with $302M loss on lower production, pricesSuncor Energy Inc. is reporting a third-quarter operating loss of $302 million.MoneyOct 28, 2020
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MEG Energy CEO deflects takeover speculation as oilsands firm reports Q3 lossIt's business as usual for oilsands producer MEG Energy Corp., its CEO says, despite speculation it could be a takeover target.MoneyOct 27, 2020
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Cenovus Energy shares plummet on news of its $3.8B deal to buy Husky EnergyThe all-share deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.MoneyOct 26, 2020
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Alberta to lift oil production curtailment at the end of 2020The government had previously planned to exit curtailment by the end of 2020 provided export routes were in place.EconomyOct 23, 2020
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Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reportsThe reports notes that Western Canadian oil sector fundamentals remain "constructive."CanadaOct 19, 2020
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Shell plan to cut up to 9,000 jobs could result in hundreds of fewer jobs in CanadaHundreds of Canadian employees of Royal Dutch Shell could be affected by its plan revealed Wednesday to cut between 7,000 and 9,000 jobs worldwide by the end of 2022.MoneySep 30, 2020
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Kenney says feds’ throne speech ignores oil industry in crisis, doubles down ‘on policies that will kill jobs’The policy objectives laid out in the federal government's throne speech virtually ignored a Canadian energy sector in crisis and will result in job losses, Alberta's premier said in a statement issued Wednesday night.PoliticsSep 23, 2020
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OPEC cuts oil demand forecasts, BP sees ‘peak oil’ in 2020sDeveloping countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday.CanadaSep 14, 2020
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Oil and gas spending fell by 54% in last quarter: Stats CanCapital spending in the country's oil and gas sector fell by 54 per cent in the quarter ended June 30 as numerous producers chopped budgets amid sliding global oil prices.CanadaAug 28, 2020
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