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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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$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…

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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…

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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…

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