Inquiry into Alberta oil and gas critics extended to Jan. 31
Looking at foreign interests bankrolling campaigns against fossil fuel development.
Cenovus to buy Husky Energy for $3.8B in shares, Pourbaix is CEO
He says combined company will be better able to weather energy market volatility, generate more cash flow, reduce debt and cut costs.
Biden calls for ‘transition’ from oil, GOP sees opening
Campaign’s climate plan calls for the US to have net-zero greenhouse gas emissions by 2050.
Oil price stall, global uncertainty prompt caution from energy companies
Analyst says drawdowns are constructive, but the market remains reliant on drastic production cuts from OPEC+ to restore balance.
Shell plan to cut up to 9,000 jobs could result in 100s in Canada
Between 294 and 378 fewer jobs is the energy company’s cuts are proportionate.
Ottawa pitches in $320M to help NL offshore oil sector
The province is creating an oil and gas sector recovery task force.
Initiative aims to bring more women into chemical, oil and gas sector
Quebec’s chemical, petrochemical, refining and gas industry adopts tools to favour recruiting and integration.
Offshore workers call on government to stabilize industry
Unifor is calling on the federal and provincial government to make strategic investments in the industry.
Only private investment will save Canada’s economy
Generating, rather than consuming government revenues will require a profound reversal by the Trudeau government.
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.
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’s Fort McMurray base plant stalled until September due to fire
Blaze in the extraction area was contained quickly, and no one was hurt.
Kelt to sell BC Montney assets to ConocoPhillips for $510M
Eliminates debt with sale of producing and development assets in the region.
Ottawa reports $29M profit since buying Trans Mountain pipeline
Includes a $61 million tax recovery thanks mainly to a decrease in Alberta’s corporate tax rate.
Oil sands companies restoring production as demand spurs higher price
Executives are confident the oil price crisis is subsiding but are dismayed by recent setbacks for oil pipelines in the US.