Markets & Investment

CAPP forecasts more than $3 billion boost in planned upstream spending for 2021

Wednesday, January 13, 2021, 7:18 AM MST

The Canadian Association of Petroleum Producers (CAPP) is forecasting that oil and gas companies will spend $27.3 billion in 2021,…

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Oil creeps above $53 as cold weather adds to market tightness

Wednesday, January 13, 2021, 6:20 AM MST

Oil crept higher, with a demand increase from cold weather the latest addition to a rally that has pushed crude…

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U.S., Canada prominent in decade’s Top 10 E&P deals – new data

Tuesday, January 12, 2021, 6:51 AM MST

Three Canadian upstream M&A deals rank in the 10 largest E&P transactions by acquisition value around the world in the…

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HSBC shareholders ask bank to cut fossil-fuel lending exposure

Tuesday, January 12, 2021, 6:29 AM MST

A group of HSBC holdings plc shareholders have filed a resolution urging the bank to cut its support to the…

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Oil hits fresh 10-month high amid U.S. dollar’s drop

Tuesday, January 12, 2021, 6:17 AM MST

Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced…

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Oil dips below $52 with dollar rising as rally takes a breather

Monday, January 11, 2021, 6:49 AM MST

Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the…

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Cascade Power Project with First Nations’ multi-million dollar equity stake wins international award

Monday, January 11, 2021, 6:24 AM MST

Cascade Power has won an international award for innovation in First Nations partnership and long-term contracting strategy. Project Finance International…

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Brent oil hits $55 with Saudi cuts adding fuel to vaccine rally

Friday, January 8, 2021, 7:04 AM MST

Brent oil topped $55 a barrel for the first time since February as gains in broader markets added to investor…

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Biodiversity, supply chain rank among biggest ESG themes in 2021

Friday, January 8, 2021, 6:53 AM MST

In a year when the pandemic sent the world into a tailspin, there was a silver lining for the world…

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B.C. health-care workers add their names to list calling on closure of work camps during pandemic

Friday, January 8, 2021, 6:28 AM MST

An open letter written by female chiefs calling on the province to close work camps during the pandemic is being…

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Ontario students push teachers to pressure pension fund to divest from fossil fuels

Friday, January 8, 2021, 6:09 AM MST

An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or…

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Oil buoyed near $51 with Saudi pledge weighed against lockdowns

Thursday, January 7, 2021, 6:28 AM MST

Oil edged higher as a drop in U.S. crude stockpiles and Democrat victories in Senate elections in Georgia added impetus…

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