WINNIPEG, Manitoba (Reuters) – Canada’s oil producers face new pressure from Prime Minister Justin Trudeau to reduce emissions in just three years, a sudden acceleration of their plans that at least one major company said looks unrealistic.
Suncor Energy, …
(Bloomberg) –The Canadian government invoked oil and gas transit rights under a decades-old treaty with the U.S. to stop Michigan’s attempt to shut down an Enbridge Inc. pipeline under the Great Lakes.
A 1977 agreement states Canada and …
(Bloomberg) –A long-delayed Enbridge Inc. pipeline extending from Canada’s oil sands to the U.S. Midwest will enter service Friday after years of opposition from environmentalists and indigenous groups.
The company said its Line 3 replacement project, which will …
CALGARY, Alberta – One of Canada’s flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office, with industry advocates arguing it is …
CALGARY (Bloomberg) –Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation.
In a force …
CALGARY– Canadian oil production is more than two and half times domestic demand, yet the majority of crude oil demand in the country arrives via the United States, according to a new analysis by IHS Markit, a world …
Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows.
Cash-rich Canadian oil sands producers have come under pressure to …
CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista…
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Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.
Pembina has made an all-stock bid of about …
CALGARY: Royal Dutch Shell said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada’s main oil-producing province.
The Polaris …
Enbridge Inc. Announces Resignation of Board Member Gregory J. Goff Canada News…
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Canadian oil sands producers said on Wednesday they would form an alliance to achieve net-zero greenhouse gas emissions from their operations by 2050, as the cash-rich firms come under pressure to meet the country’s goal on energy transition.
Oil …
CALGARY, Alberta, May 28, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor”…
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TORONTO – Canada’s biggest pension managers boosted their investments in the country’s major oil sands companies in the first quarter of 2021, raising questions about the funds’ recent commitments to greening their portfolios.
The cumulative investment by the country’s …
OTTAWA – Several companies, including Germany’s BASF SE, are in preliminary talks about tapping a federal clean tech fund to set up production for electric vehicle batteries in Canada, a government official with knowledge of the discussions said.
The …
CALGARY, Alberta, May 19, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “C…
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Calgary, Alberta (May 18, 2021) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The …
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 …
Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project.
The pipeline was planned to carry …
Calgary, Alberta–(Newsfile Corp. – May 6, 2021) – Commenting on the Company’s first quarter 2…
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Imperial Oil Limited (TSX, NYSEAM: IMO): Net income of $392 million in th…
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OTTAWA/NEW YORK – Canada is pushing on several diplomatic fronts against the U.S. state of Michigan’s efforts to close a cross-border oil pipeline, the second such dispute since Joe Biden became U.S. president in January, complicating the governments’ efforts
CALGARY, Alberta, April 21, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the …
…Tamarack Valley Energy Ltd. Announces Exercise of Over-Allotment Option
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Tamarack Valley Energy Ltd. Announces the Strategic Acquisition of Anegada Oil Corp., a Leading Charlie Lake Light-Oil Producer, for Total Net Consideration of $494 million
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CALGARY, Alberta -New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s Comptroller Thomas DiNapoli said on Monday.…
BOE Report: March 23, 2021
World Class Montney and Swan Hills Light Oil Development Drilling Opportunities
Razor Energy Corp. is initiating a process to explore strategic partnerships to drill two of its low-risk light oil assets …
ESG Takes Center Stage at The EnerCom Dallas Energy Investment & ESG Conference April 6-7
Editor’s Note: Suncor Energy (NYSE: SU) is Canada’s leading integrated energy company working together with stakeholders to responsibly supply the energy …
Surge Energy Inc. Announces Successful 1H/21 Drilling Program; Strategic $106 Million Ass…
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CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex…
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