Oil & Gas
Calfrac says US court sides with company in fight with Wilks Brothers
Calgary well services company calls Wilks a “wolf in sheep’s clothing” whose real goal is a corporate takeover.
Obsidian hostile takeover bid for Bonterra shows ‘frustration’
Slow pace of consolidation needed to create larger entities that would be more liquid and resilient and therefore more attractive to investors.
Alberta to outline $20B plus deficit in fiscal reckoning
Debt expected to rise to almost $77 billion by next spring and to almost $88 billion by 2023.
Canadians join lawsuit to overturn Alaska wilderness to energy drilling
The lawsuit alleges the activity will damage the calving grounds of the Porcupine caribou herd
Suncor shares slip after fire interrupts Fort McMurray oil sands output
Two upgraders at the project are working at minimum rates to process strip-mined bitumen inventory.
Suncor’s Fort McMurray base plant stalled until September due to fire
Blaze in the extraction area was contained quickly, and no one was hurt.
Mauritius seeks compensation as oil spill cleanup continues
MV Wakashio has spilled 1,000 tons of its cargo of 4,000 tons of oil into the sea, fouling the coastline of Mauritius.
Why scientists intentionally spilled oil into a Canadian lake
A research team carefully spilled dilbit into mini-lakes to uncover the real-world responses of the oil and its impact on aquatic life
Enerplus restarting North Dakota production despite threat to pipeline
The Calgary-based company says it is confident that crude-by-rail shipping from the state can be ramped up if the decision is restored
Court reverses order to shut down Dakota Access pipeline
The U.S. Court of Appeals for the District of Columbia Circuit sided with pipeline owner Energy Transfer to keep the oil flowing
Oilfield services rival makes alternative plan to restructure Calfrac debt
Wilks Brothers, LLC, says its offer would significantly lower Calfrac’s debt level and give a better recovery to stakeholders
Husky targets 25% GHG emissions intensity cut, vows to hire more female leaders
In its 2020 environmental, social and governance report, it calls for a 25% emissions per barrel reduction by 2025
Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership
Total said it is leaving CAPP because of a “misalignment” between its public positions and those expressed in Total’s climate ambition statement
Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto
The Canada Energy Regulator says the incident near Oakville, Ont., could potentially have resulted in fatalities and injuries
Enbridge Q2 earnings slip as revenues plunge 40% due to COVID aftermath
Enbridge was expected to report 55 cents per share in adjusted profits on $12.5 billion in revenues