Markets & Investment
Brookfield Infrastructure completes acquisition of Inter Pipeline; IPL to be delisted
Friday, October 29, 2021, 6:37 AM MDT
Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd. The transaction was approved near unanimously…
University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030
Thursday, October 28, 2021, 7:03 AM MDT
The University of Toronto has become the latest institution to commit to the divestment movement, saying Wednesday that it will…
Oil eases as investors weigh resumption of Iran nuclear talks
Thursday, October 28, 2021, 7:02 AM MDT
Oil fell for a second day as investors weighed the possibility that Iran may revive exports after a build in…
Shell CEO defends strategy against Loeb bid to split company
Thursday, October 28, 2021, 6:51 AM MDT
Royal Dutch Shell Plc mounted a robust defense against activist investor Dan Loeb’s bid to split the company, and pension…
Permian Basin sees US$30 billion of upstream M&A in just six months
Thursday, October 28, 2021, 6 AM MDT
Evaluate Energy’s latest M&A report shows that between the start of April and the end of September, the Permian Basin…
Regulator orders steep hike in Manitoba natural gas rates, cites tight market
Wednesday, October 27, 2021, 6:44 AM MDT
Manitobans will be paying significantly more for natural gas starting next month. The Public Utilities Board has approved a rate…
Oil declines after industry report shows rising U.S. inventories
Wednesday, October 27, 2021, 6:36 AM MDT
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Brent for December settlement…
Big Oil is about to post highest cash flow in more than 13 years
Tuesday, October 26, 2021, 7:05 AM MDT
The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and…
Energy squeeze will trigger unrest, says Blackstone’s Schwarzman
Tuesday, October 26, 2021, 6:59 AM MDT
Blackstone Inc. co-founder Stephen Schwarzman said the world is facing energy shortages so severe they could cause social unrest. “We’re…
Brent oil near three-year high with traders eyeing stockpiles
Tuesday, October 26, 2021, 6:47 AM MDT
Oil traded near its highest level since 2018 amid expectations that stockpiles will continue to decline globally as OPEC+ keeps…
Eni, Shell lead oil producers in green energy deal making in 2021
Monday, October 25, 2021, 2:51 PM MDT
Eni and Royal Dutch Shell plc have been the most active among traditional oil and gas producers when it comes…
Brent oil takes out $86 as Saudi Arabia vows caution on supplies
Monday, October 25, 2021, 7:05 AM MDT
Brent oil rallied above $86 a barrel after Saudi Arabia urged caution in boosting supply, while an eye-watering rally in…
