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Oil & Gas

News Energy Oil & Gas General
September 1, 2020  

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.

News Energy Manufacturing Oil & Gas General
September 1, 2020  

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.

News Energy Manufacturing Oil & Gas Economy General
August 27, 2020  

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.

News Energy Oil & Gas General
August 25, 2020  

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

News Energy Manufacturing Oil & Gas General Production
August 17, 2020  

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.

News Energy Oil & Gas General
August 17, 2020  

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.

News Energy Oil & Gas General Sustainability
August 12, 2020  

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.

News Oil & Gas General
August 11, 2020  

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

News Oil & Gas General
August 10, 2020  

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

News Energy Oil & Gas General
August 5, 2020  

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

News Oil & Gas General
August 4, 2020  

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

News Energy Oil & Gas General
August 4, 2020  

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

News Energy Oil & Gas General
July 30, 2020  

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

News Oil & Gas Transportation General
July 30, 2020  

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

News Energy Oil & Gas General
July 29, 2020  

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