Canada News

Source: Reuters

Biden to revoke KXL pipeline permit in blow to Canada’s oil sector

Reuters


CALGARY, Alberta – U.S. President-elect Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa’s hopes of salvaging a project that the struggling Canadian …

Canada launches strategy to become global hydrogen leader

Canada launches strategy to become global hydrogen leader

WNN

The Canadian government has launched a strategy that sees low-carbon and zero-emission hydrogen fuel technology as a key part of the nation’s path to net-zero carbon emissions by 2050. The strategy is underpinned by a federal investment of CAD1.5

December 18, 2020 - 3:00 pm Canada, Canada News, Hydrogen, International
Work stops on Trans Mountain pipeline over safety concerns

Work stops on Trans Mountain pipeline over safety concerns

BOE Report 

Work on expanding Canada’s Trans Mountain oil pipeline has halted for more than two weeks due to safety concerns, the government-owned corporation said.

Trans Mountain Chief Executive Ian Anderson cited multiple worker safety incidents during the past two …

Keyera launches inaugural ESG report, signs solar power deal for 10% of electricity needs

Keyera launches inaugural ESG report, signs solar power deal for 10% of electricity needs

BOE Report

CALGARY, AB – Keyera Corp. (TSX: KEY) (“Keyera”) today released its inaugural environment, social, and governance (ESG) report. The announcement coincides with Keyera and Samsung Renewable Energy Inc. signing a 15-year power purchase agreement (PPA).

“Our vision of

December 15, 2020 - 8:04 am Canada, Canada News, ESG, International
Source: Reuters

Canadian oil producer Whitecap to buy TORC Oil & Gas for $430 million

Reuters


Canadian oil producer Whitecap Resources Inc said on Tuesday it has agreed to buy rival TORC Oil & Gas Ltd in an all-stock deal valued at about C$552 million ($430.81 million).

The collapse in fuel demand due to coronavirus-related …

Wilks’ Brothers Final Order Appeal Dismissed

Wilks’ Brothers Final Order Appeal Dismissed

Wilks’ Brothers Final Order Appeal Dismissed Canada NewsWire CALGARY, AB, N…

November 27, 2020 - 5:33 am Canada News, Press Releases
Source: Reuters

Exxon to cut up to 300 jobs in Canada, and they are not the only ones

Energy World

Reductions will include positions at Imperial Oil Ltd , ExxonMobil Canada Ltd and ExxonMobil Business Centre Canada ULC, the company said

U.S. oil major Exxon Mobil Corp said on Wednesday it plans to reduce up to 300 positions …

November 26, 2020 - 8:49 am Canada News, Exploration and Production (E&P)

Cenovus and Husky announce leadership team for combined company

CALGARY, Alberta, Nov. 20, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: C…

November 20, 2020 - 9:49 am Canada News, Corporate Governance, People, Press Releases
CAPP issues statement on Canadian Net-Zero Emissions Accountability Act

CAPP issues statement on Canadian Net-Zero Emissions Accountability Act

CAPP issues statement on Canadian Net-Zero Emissions Accountability Act Canada …

November 20, 2020 - 4:48 am Canada News, Climate Change, International, Net Zero, Press Releases
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Greater Edmonton Region Well-Suited to Become Canada’s First Hydrogen Node

Greater Edmonton Region Well-Suited to Become Canada’s First Hydrogen Node Cana…

Oil Stocks: Canadian Markets Could Go Into Free-fall

Oil Stocks: Canadian Markets Could Go Into Free-fall

Canada heavily depends on the oil industry. Energy is responsible for roughly 10% of GDP, n…

November 13, 2020 - 12:39 pm Canada, Canada News, Press Releases
Peyto Announces 1,000th Horizontal Well and Q3 2020 Financial Results

Peyto Announces 1,000th Horizontal Well and Q3 2020 Financial Results

CALGARY, Alberta, Nov. 11, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Cor…

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Canadian Natural Resources Limited Announces 2020 Third Quarter Results

CALGARY, Alberta, Nov. 05, 2020 (GLOBE NEWSWIRE) — Canadian Natural’s President, Tim McKay…

November 5, 2020 - 4:43 am Canada News, Earnings, Finance, Press Releases
Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction

Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction

Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction …

November 2, 2020 - 4:04 am Bankruptcy, Canada News, Finance, Fracing, Press Releases

Tervita Corporation Announces Third Quarter 2020 Results

Tervita Corporation Announces Third Quarter 2020 Results Canada NewsWire CA…

October 30, 2020 - 4:39 am Canada, Canada News, Earnings, Finance, Press Releases
Advantage Announces Third Quarter 2020 Financial and Operating Results and 2021 Budget

Advantage Announces Third Quarter 2020 Financial and Operating Results and 2021 Budget

Advantage Announces Third Quarter 2020 Financial and Operating Results and 2021 Budget …

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Suncor Energy reports third quarter 2020 results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollar…

Source: Reuters

Exclusive: Cenovus to cut up to 25% of combined workforce with Husky Energy after deal: companies

Reuters


TORONTO/WINNIPEG, Manitoba – Cenovus Energy Inc CVE.TO plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc HSE.TO, the companies told Reuters on Tuesday, as Cenovus begins to slash costs in the Canadian …

Valeura Energy Inc. Announces Agreement to Sell Shallow Conventional Assets

Valeura Energy Inc. Announces Agreement to Sell Shallow Conventional Assets

AGREEMENT TO SELL SHALLOW CONVENTIONAL ASSETS FOR UP TO US$18 MILLION CALGARY, AB / ACCE…

Canadian Solar to Provide a 75 MW / 300 MWh Energy Storage System to the Mustang Solar Project in California

Canadian Solar to Provide a 75 MW / 300 MWh Energy Storage System to the Mustang Solar Project in California

Canadian Solar to Provide a 75 MW / 300 MWh Energy Storage System to the Mustang Solar Pr…

October 19, 2020 - 9:48 am Canada News, Press Releases, Solar, Storage
Tesla ‘WindCharger’, Canadian Province Alberta’s first grid-scale battery storage, is online

Tesla ‘WindCharger’, Canadian Province Alberta’s first grid-scale battery storage, is online

Energy Storage

10MW / 20MWh of Tesla Megapacks used for Alberta’s first-ever large-scale battery energy storage system have gone into action as TransAlta Renewables announced the project has reached commercial operation.

Called WindCharger, the project’s batteries charge up in about …

October 18, 2020 - 3:34 pm Canada News, Energy News, Popular 3, Solar, Storage, Wind
Feds fund small nuclear reactor ahead of national strategy to adopt more of them

Feds fund small nuclear reactor ahead of national strategy to adopt more of them

An Ontario nuclear power company is getting $20 million from Ottawa to try to get its new small modular reactor in line with Canada’s safety regulations.

The grant to Terrestrial Energy in Oakville, Ont., is the first investment Canada has …

October 18, 2020 - 2:52 pm Canada, Canada News, International, Net Zero, Nuclear
Painted Pony Energy Ltd. (CNW Group/Painted Pony Energy Ltd.)

Court of Queen’s Bench of Alberta Approves Painted Pony’s Proposed Transaction with Canadian Natural Resources Limited

CALGARY, Alberta, Oct. 02, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“ Pa…

Painted Pony Energy Ltd. (CNW Group/Painted Pony Energy Ltd.)

Painted Pony Receives Securityholder Support for its Acquisition by Canadian Natural Resources Limited

CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“ Pa…

October 1, 2020 - 8:25 pm Canada, Canada News, Mergers & Acquisitions, Press Releases
Source: Reuters

The Ten Things That You Should Know About Calfrac’s Amended Recapitalization Transaction

The Ten Things That You Should Know About Calfrac’s Amended Recapitalization Transaction …

September 28, 2020 - 4:49 am Canada, Canada News, International, Oilfield Services, Press Releases
Government of Canada supports Just Transition from coal-generated power in Saskatchewan and Alberta

Government of Canada supports Just Transition from coal-generated power in Saskatchewan and Alberta

Government of Canada supports Just Transition from coal-generated power in Saskatchewan a…

September 26, 2020 - 5:22 am Canada, Canada News, Coal News, Press Releases
Canadian Provincial Government announces new offshore exploration initiative

Canadian Provincial Government announces new offshore exploration initiative

Energy-Pedia


The Government of Newfoundland and Labrador has announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all …

September 25, 2020 - 11:00 am Canada, Canada News, International, Offshore
Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries Under Wilks Premium Offer

Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries Under Wilks Premium Offer

Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries U…

September 25, 2020 - 6:00 am Bankruptcy, Canada, Canada News, Press Releases
Women In The Labour Force: Qubec’s Chemical, Petrochemical, Refining And Gas Industry Adopts Tools To Favor Recruiting And Integration

Women In The Labour Force: Qubec’s Chemical, Petrochemical, Refining And Gas Industry Adopts Tools To Favor Recruiting And Integration

Women In The Labour Force: Québec’s Chemical, Petrochemical, Refining And Gas Indust…

September 24, 2020 - 5:29 am Canada, Canada News, ESG, Press Releases
Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C.

Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C.

Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C. Canada NewsWi…

September 19, 2020 - 6:09 am Canada, Canada News, Oil & Gas Jobs, Oilfield Services, Press Releases