Oil Sector
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Keyera Corp. marks opening of 575-kilometre pipeline in AlbertaKeyera 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.MoneyOct 4, 2023
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Strathcona Resources closes Pipestone Energy merger deal creating 5th largest oil producer in CanadaPipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.MoneyOct 3, 2023
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Suncor CEO says company has been too focused on energy transition, must get back to fundamentalsThe 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.EconomyAug 15, 2023
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Suncor tells Alberta Energy Regulator reconsidering approvals would arm industry opponentsOilsands 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.EnvironmentJul 28, 2023
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TC Energy splitting into 2 separate companiesTC Energy Corp. says it will split into two separate, publicly traded companies by spinning off its liquids pipelines business.CanadaJul 27, 2023
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Cenovus Energy reports 2nd-quarter profits down, lowers upstream production guidanceCenovus' 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.MoneyJul 27, 2023
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Precision Drilling reports $26.9M profit in Q2 as firm reduces debtPrecision Drilling reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier.MoneyJul 27, 2023
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Oilpatch restarts some production but Alberta wildfire risk remains volatileSome oil and gas producers in Alberta are restoring production after temporarily halting operations earlier this week due to wildfires.CanadaMay 12, 2023
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Suncor Energy selling North Sea offshore assets in deal valued at $1.2BSuncor 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.MoneyMar 3, 2023
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Cenovus CEO Alex Pourbaix to step down, become executive chairCenovus Energy Inc. chief executive Alex Pourbaix will step down from the CEO role later this year, the Calgary-based energy company announced Thursday.MoneyFeb 16, 2023
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