Source: Reuters
CALGARY, Alberta (Reuters) – Canada’s energy industry saw its worst-case election result materialize on Monday as the Liberals failed to secure a majority government, leaving them in need of support from left-leaning parties that are opposed to new …
From the Calgary Herald
When will big growth and bigger spending come back to Canada’s oilpatch?
It hasn’t happened yet, although companies are starting to cast an eye towards potential expansions as cash flow …
When the politics of one kind of energy vs. another overtake the reality of needing to move energy from the source location to the customer’s location, things can get out of whack fast. …
In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a …
All financial figures are unaudited and in Canadian dollars unless otherwise noted.
Canadian Oil Sands Limited (“COS”) reported strong operating performance at Syncrude for the first …
American Sands Energy (ticker: AMSE) announced today that it has reached another milestone on the road to starting production at its Sunnyside oilsands project. The Department of Environmental Quality (DEQ) published …
ATB Financial, the largest Alberta-based financial institution, released its quarterly projections for the province, with a somewhat pessimistic outlook. The Alberta Economic Outlook predicts a continued …
Husky Energy (ticker: HSE) announced Wednesday that oil production at the Sunrise Energy Project in northern Alberta has begun. Sunrise is
located about 37 miles northeast of Fort McMurry …
Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The …
Earlier this month, the European Parliament decided to reverse an earlier decision that labeled Canadian oilsands crude as “dirty oil,” removing barriers to refiners …
The European Union will now officially treat oilsands crude the same as oil from elsewhere in the world, after finalizing the decision on Friday, February …
