Markets & Investment

Ottawa pitches in $320 million to help Newfoundland and Labrador offshore oil sector

Monday, September 28, 2020, 6:05 AM MDT

The Canadian government is giving $320 million to Newfoundland and Labrador's struggling offshore oil and gas industry. Natural Resources Minister…

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Oil slides with renewed virus surge weighing on markets

Friday, September 25, 2020, 6:45 AM MDT

Oil slumped near $40 in New York as the coronavirus weighs on markets and raises concerns about the outlook for…

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Calfrac makes changes to recapitalization plan in an effort to woo shareholders

Friday, September 25, 2020, 6:23 AM MDT

Calfrac Well Services Ltd. says its board has formally rejected a takeover offer by Texas-based Wilks Brothers LLC and made…

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Oil near $42 after warnings on U.S. economy and crude demand

Thursday, September 24, 2020, 7:12 AM MDT

Oil fluctuated between gains and losses in London following warnings over global energy demand and the state of the U.S.…

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Throne speech to talk short, and long-term plans as cases rise, prompting PM address

Wednesday, September 23, 2020, 7:02 AM MDT

The federal Liberals' throne speech Wednesday is to lay out plans for child care, health care, affordable housing and navigating the…

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Oil rises with equities advancing and citi staying bullish

Wednesday, September 23, 2020, 6:36 AM MDT

Oil edged higher as positive European manufacturing data and rising equity markets gave some respite to recent demand worries. Futures…

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Canadian crude-by-rail exports fall to another eight-year low in July

Wednesday, September 23, 2020, 6:13 AM MDT

Canadian exports of crude oil-by-rail fell to another eight-year low in July despite the gradual recovery of North American fuel…

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Inter Pipeline signs deal to sell majority of European storage business

Wednesday, September 23, 2020, 6:10 AM MDT

A year after putting its European bulk liquid storage business on the block, Inter Pipeline Limited has signed a deal…

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Obsidian Energy formalizes share swap bid for Calgary rival Bonterra Energy

Tuesday, September 22, 2020, 6:24 AM MDT

Obsidian Energy Ltd. is formalizing its hostile takeover bid for rival Bonterra Energy Corp. It says it will offer two…

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Oil declines on signs of Libya restart with virus cases growing

Monday, September 21, 2020, 7:01 AM MDT

Oil declined as Libya signaled the resumption of some crude exports, while surging coronavirus cases clouded the outlook for demand…

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TC Energy’s Girling to retire at year end, New CEO named

Monday, September 21, 2020, 6:45 AM MDT

TC Energy Corporation’s chief executive officer and president Russ Girling is stepping down after 10 years at the helm. Girling…

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North American upstream asset impairments exceed $100 billion in first half of 2020

Monday, September 21, 2020, 6:23 AM MDT

The value of asset impairments recorded by under-pressure North American upstream producers exceeded $100 billion during the first half of…

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