Markets & Investment
Chesapeake seeks to sell south Texas shale assets for $2 billion
Friday, April 30, 2021, 6:46 AM MDT
Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets…
Exxon rebounds to first profit since 2019 on crude surge
Friday, April 30, 2021, 6:35 AM MDT
Exxon Mobil Corp. snapped a record streak of losses as rising oil and natural gas prices bolstered one of the…
Oil drops with recent global markets rally taking a breather
Friday, April 30, 2021, 6:25 AM MDT
Futures in New York dropped 1.1 per cent on Friday as raw materials cooled from a scorching rally, while the…
Whitecap touts carbon capture growth opportunities, reports Q1 record production
Friday, April 30, 2021, 6:09 AM MDT
The CEO of Whitecap Resources Inc. says his company is working to expand its ability to capture, store and use…
Baytex Energy raises spending budget, production guidance, as oil prices strengthen
Friday, April 30, 2021, 6:05 AM MDT
Baytex Energy Corp. is increasing its 2021 capital budget and production guidance as it reports a smaller first-quarter net loss…
Shell pays down debt as profit surges by more than expected
Thursday, April 29, 2021, 6:31 AM MDT
Royal Dutch Shell plc took the opportunity to pay down its heavy debt burden as profit surged by more than…
Oil rises from 6-week high with demand optimism spurring gains
Thursday, April 29, 2021, 6:27 AM MDT
Oil extended gains after closing at a six-week high as signs of strengthening demand in key markets offset concerns a…
Vermilion Energy's Q1 production and net earnings rise with oil and gas prices
Thursday, April 29, 2021, 6:16 AM MDT
Vermilion Energy Inc. says it beat its own guidance for production in the first quarter as net income jumped to…
Brookfield Infrastructure says takeover target Inter Pipeline denying data access
Wednesday, April 28, 2021, 10:52 AM MDT
In the latest shot fired in the battle for Inter Pipeline Ltd., Brookfield Infrastructure Partners LP charges it hasn’t been…
$19 billion in upstream deals worldwide in Q1 2021
Wednesday, April 28, 2021, 10:51 AM MDT
Evaluate Energy’s latest report shows that global upstream M&A deal spending totalled $19 billion during Q1. Deal counts show an…
Oil gains a second day with OPEC+ signaling confidence in demand
Wednesday, April 28, 2021, 6:18 AM MDT
Oil rose after OPEC+ confirmed it would proceed with its plan to add more barrels to the market, despite a…
Tanker spills oil into sea off China’s key refining port
Tuesday, April 27, 2021, 6:56 AM MDT
A Liberia-flagged tanker has spilled oil into the Yellow Sea, causing potential environmental damage and disruption off China’s largest crude-receiving…
