Markets & Investment
Suncor studies sale of North Sea oil and gas fields
Wednesday, October 21, 2020, 6:40 AM MDT
Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according…
Oil falls after report shows surprise U.S. crude stockpile gain
Wednesday, October 21, 2020, 6:32 AM MDT
Oil dropped after an industry report pointed to a surprise increase in American crude stockpiles, countering optimism over a potential…
Q2 2020 – Lowest cost natural gas producers in North America
Wednesday, October 21, 2020, 6:05 AM MDT
Peyto Exploration & Development Corp. and ARC Resources Ltd. rank among North America’s lowest-cost natural gas producers, according to the…
Oil slides with OPEC+ warning of precarious market outlook
Tuesday, October 20, 2020, 6:37 AM MDT
Oil extended declines as OPEC+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi…
Alberta legislature to resume Tuesday; focus to be on economic recovery
Tuesday, October 20, 2020, 6:09 AM MDT
Alberta politicians are to return to the legislature Tuesday with a plan to discuss up to 20 new bills –…
Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes
Tuesday, October 20, 2020, 6:05 AM MDT
Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered…
Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reports
Tuesday, October 20, 2020, 6:03 AM MDT
Higher oil prices are expected to bolster returns as Canadian energy companies report third-quarter results over the next few weeks…
Rising Star turns side hustle into new career
Tuesday, October 20, 2020, 6 AM MDT
One of this year’s Rising Stars has launched a fast-growing tech company that shows no signs of slowing down despite…
Conoco to buy Concho for $9.7 billion to create shale giant
Monday, October 19, 2020, 7:07 AM MDT
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the…
Oil slips near $41 before OPEC+ meets to assess state of market
Monday, October 19, 2020, 6:46 AM MDT
Oil slid near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market…
AltaGas agrees to pay $715 million to double stake in midstream firm Petrogas
Monday, October 19, 2020, 6:21 AM MDT
AltaGas Ltd. says it has agreed to pay $715 million in cash to privately held SAM Holdings Ltd. to double…
Calfrac investors approve company plan over Wilks Brothers takeover
Monday, October 19, 2020, 6:13 AM MDT
Shareholders in debt-laden Calgary-based Calfrac Well Services Ltd. have narrowly approved a recapitalization plan proposed by management, thus setting aside…
