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…
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…
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.,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
