Oil & Gas
N.L. oil workers gather in last ditch effort to save Terra Nova offshore oilfield
Monday, June 14, 2021, 3:52 PM MDT
About 100 oil workers gathered outside Newfoundland and Labrador’s legislature Monday, a day before Suncor Energy was expected to announce…
Terra Nova oilfield shutdown could cost N.L. hundreds of millions of dollars
Monday, June 14, 2021, 6:32 AM MDT
The full shutdown of the dormant Terra Nova offshore oilfield could leave Newfoundland and Labrador on the hook for hundreds of millions of…
Bridging the Digital Divide: How to ensure Canadian oilfield and utilities workers are ready for the impending technology transformation
Monday, June 14, 2021, 6:02 AM MDT
Three key recommendations from PwC’s field worker survey The pace of technology change is expected to accelerate over the next…
Tourmaline Oil signs deal to buy Black Swan Energy worth $1.1B in stock and debt
Monday, June 14, 2021, 5:31 AM MDT
Tourmaline Oil Corp. says it has signed a deal to buy Black Swan Energy Ltd. in a deal worth $1.1…
Global oil demand to hit pre-virus level next year, IEA says
Friday, June 11, 2021, 7:14 AM MDT
Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its…
G-7 eyes ambitious shift to electric cars and away from oil
Thursday, June 10, 2021, 6:47 AM MDT
Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener…
Force behind renaming and relocation of Encana set to retire in August
Wednesday, June 9, 2021, 6:56 AM MDT
The head of the energy company formerly called Encana is retiring this summer. Ovintiv Inc. says chief executive Doug Suttles…
The retreat of Exxon and the oil majors won’t stop fossil fuel
Wednesday, June 9, 2021, 6:41 AM MDT
When Exxon Mobil Corporation decided to get out of a big oil field in Iraq, the government took on the unusual…
Crescent Point sells non-core southeast Saskatchewan assets for $93 million
Tuesday, June 8, 2021, 6:13 AM MDT
Crescent Point Energy Corp. has sold its remaining non-core southeast Saskatchewan conventional assets for $93 million. As a result of…
Rosneft warns of ‘severe’ oil shortage amid hasty energy shift
Monday, June 7, 2021, 6:37 AM MDT
Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a…
Exxon activist expands boardroom presence with third seat
Friday, June 4, 2021, 6:33 AM MDT
Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according…
Brookfield Infrastructure raises hostile takeover offer for Inter Pipeline
Wednesday, June 2, 2021, 3:23 PM MDT
Brookfield Infrastructure Partners LP has raised its hostile takeover offer for Inter Pipeline Ltd. to top a friendly deal the…
