Oil 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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Value of Alberta’s oil production back to pre-pandemic level: economistA rebound in production paired with a rise in world oil prices has an economist estimating that the value of Alberta's oil production has returned to pre-pandemic levels.EconomyFeb 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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Most Canadians, including most Albertans, appear to be ready to give up on Keystone XL pipeline: pollThe results of a new survey show what some Canadians believe Ottawa should do next after U.S. President Joe Biden revoked a permit for the Keystone XL pipeline's expansion.EconomyFeb 9
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Residents gather in South Dakota to lament loss of Keystone XL pipelinePeople upset by the loss of the Keystone XL pipeline gathered in southwestern South Dakota on Monday and appealed to three Republican congressmen to help restart the project.PoliticsFeb 9
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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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Imperial Oil reports $1.15B loss on writedown, sees pandemic-related fuel demand cutSagging fuel demand due to lockdowns amid the COVID-19 pandemic is again cutting into volumes and returns at refineries after a recovery last fall, says the CEO for Imperial Oil.MoneyFeb 2
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