Canada News

TC Energy confirms termination of Keystone XL Pipeline Project

TC Energy confirms termination of Keystone XL Pipeline Project

CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) …

Source: Reuters

Pembina Pipeline to buy 50% stake in Canada’s proposed Cedar LNG

Reuters


Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada’s proposed Cedar LNG Project to develop the floating liquefied natural gas facility in British Columbia in partnership with indigenous group, The Haisla Nation.

Pembina expects …

Source: BOE Report

Canada’s Alberta temporarily tweaks environmental liability for oil sands mines

BOE Report


The province of Alberta said on Thursday it will allow oil sands mining companies to change how they calculate environmental liabilities this year, to take into account the wild swings of 2020, when oil prices turned negative.

Producers …

ARC Resources Ltd. Reports First Quarter 2021 Results and Provides 2021 Guidance

ARC Resources Ltd. Reports First Quarter 2021 Results and Provides 2021 Guidance

ARC Resources Ltd. Reports First Quarter 2021 Results and Provides 2021 Guidance …

Source: Reuters

Canadian oil patch braces for more deals after record start to 2021

Reuters


TORONTO – Mergers and acquisitions in Canada’s oil and gas sector had a record start to the year in 2021 as companies took advantage of improved oil price expectations amid the pandemic recovery, and many industry participants expect the …

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY …

Canacol Energy Ltd. provides february gas sales and drilling update

Canacol Energy Ltd. provides february gas sales and drilling update

CALGARY, Alberta, March 02, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the …

Source: Reuters

Resurgent Canadian natgas producers look to horn in on U.S. market

Reuters


CALGARY, Alberta – Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five …

Enbridge Reports Strong 2020 Financial Results

Enbridge Reports Strong 2020 Financial Results

Enbridge Reports Strong 2020 Financial Results Canada NewsWire CALGAR…

Source: nasdaq

Analysis: Montney shale patch merger shines light on Canada’s premier play

Reuters


CALGARY, Alberta – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top …

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