Oil & Gas

Bonterra board of directors says Obsidian takeover bid more of a 'take under' bid

Wednesday, October 7, 2020, 6:55 AM MDT

Bonterra Energy Corp. says a hostile buyout offer by Calgary-based rival Obsidian Energy Ltd. is more of a "take-under'' than…

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Town thrown into uncertainty as union braces for layoffs at Newfoundland refinery

Wednesday, October 7, 2020, 6:22 AM MDT

At the Kwik-Way convenience store in Arnold's Cove, N.L., Holly Hapgood has to turn her head away to hide the…

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Discussions about N.L. oil refinery future ongoing: Premier

Tuesday, October 6, 2020, 6:10 AM MDT

Newfoundland and Labrador Premier Andrew Furey says discussions about the future of an oil refinery in Come By Chance, N.L.,…

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Wilks Brothers sweetens Calfrac takeover offer to 25 cents from 18 cents

Tuesday, October 6, 2020, 5:59 AM MDT

Texas-based suitor Wilks Brothers, LLC, is sweetening its hostile takeover offer for Calgary-based Calfrac Well Services Ltd. by raising its…

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Painted Pony shareholders approve sale to Canadian Natural Resources

Monday, October 5, 2020, 6:10 AM MDT

Shareholders in Calgary-based Painted Pony Energy Ltd. have approved its sale to much larger Canadian Natural Resources Ltd. for 69…

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Suncor Energy says it will cut 10 to 15 per cent of its workforce over next 18 months

Monday, October 5, 2020, 6:03 AM MDT

Oilsands and retail fuel giant Suncor Energy Inc. says it will eliminate as many as 1,930 jobs over the next…

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Shell plans to cut up to 9,000 jobs as oil demand slumps

Wednesday, September 30, 2020, 6:25 AM MDT

Energy producer Royal Dutch Shell plc said Wednesday it’s planning to cut between 7,000 and 9,000 jobs worldwide by the…

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Pieridae hires new engineer and builder for Nova Scotia LNG export project

Wednesday, September 30, 2020, 6:21 AM MDT

Pieridae Energy Ltd. says it has hired a new engineering firm to replace one that left its East Coast liquefied…

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BP hits 25-year low a week after unveiling climate strategy

Friday, September 25, 2020, 6:54 AM MDT

Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price…

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Alberta premier says throne speech spectacularly missed the mark

Friday, September 25, 2020, 6:33 AM MDT

Alberta Premier Jason Kenney says the federal government's throne speech spectacularly missed the mark for the province. He said there…

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Saskatchewan Premier Scott Moe says throne speech lacks support for farms, energy

Thursday, September 24, 2020, 6:48 AM MDT

Saskatchewan's premier says the federal throne speech signals Ottawa intends to turn away from Western Canada's energy industry at a…

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Court orders recalculation of $1.4 billion in damages, supports Dow in Nova lawsuit

Friday, September 18, 2020, 6:35 AM MDT

Both sides are welcoming an Alberta Court of Appeal ruling that supports a trial judge decision in favour of Dow…

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