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…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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…
