Oil Sector

• Canadian banks directed over US$100B to oil and gas in 2023: report

  The top 60 banks together committed US$708 billion.

  Economy

  May 13, 2024
  
• Keyera Corp. marks opening of 575-kilometre pipeline in Alberta

  Keyera Corp. is marking the opening of a 575-kilometre pipeline in Alberta which will provide additional transportation capacity to natural gas producers in Western Canada.

  Money

  Oct 4, 2023
  
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• Strathcona Resources closes Pipestone Energy merger deal creating 5th largest oil producer in Canada

  Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.

  Money

  Oct 3, 2023
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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, 2023
• 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, 2023
• 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, 2023
• 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, 2023
• 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, 2023
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• Oilpatch restarts some production but Alberta wildfire risk remains volatile

  Some oil and gas producers in Alberta are restoring production after temporarily halting operations earlier this week due to wildfires.

  Canada

  May 12, 2023
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• Suncor Energy selling North Sea offshore assets in deal valued at $1.2B

  Suncor Energy Inc. has signed a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion.

  Money

  Mar 3, 2023