Oil & Gas
Chevron is installing solar panels — to produce oil more cheaply
Thursday, July 23, 2020, 6:39 AM MDT
In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to…
Suncor reports Q2 net loss of $614M as production falls by almost one fifth
Thursday, July 23, 2020, 6:15 AM MDT
Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal…
Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million
Thursday, July 23, 2020, 6:10 AM MDT
Kelt Exploration Ltd. says it is selling assets in B.C. that account for almost half of its oil and gas…
Environmental, social and governance performance will drive investment in future – 2020 Top Operators Report
Thursday, July 23, 2020, 6 AM MDT
The concept of investors using the environmental, social and governance (ESG) performance of a company to guide investment decisions is…
Crude-by-rail exports fall to four-year low as economic slump frees pipeline space
Wednesday, July 22, 2020, 4:13 PM MDT
Canadian exports of crude-by-rail plunged by 63 per cent in May compared with April as North American fuel demand dropped…
Ottawa reports $29 million profit since buying Trans Mountain pipeline in 2018
Wednesday, July 22, 2020, 11:53 AM MDT
The federal government says the Trans Mountain pipeline has earned net income of $29 million from operating revenues of $728…
CP Rail forecasts earnings growth despite drop in second quarter profits
Wednesday, July 22, 2020, 11:11 AM MDT
Canadian Pacific Railway Limited is forecasting adjusted earnings growth in 2020 despite a sharp drop in profits in the second…
PrairieSky Royalty reports lower second quarter crude oil production
Wednesday, July 22, 2020, 6:54 AM MDT
PrairieSky Royalty Ltd. says oil and gas production in the second quarter was down 16 per cent from the first…
Big Oil’s worst-ever loss puts historic BP dividend cut in play
Wednesday, July 22, 2020, 6:34 AM MDT
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are…
Downstream integration creating value in natural gas complex: 2020 Top Operators Report
Wednesday, July 22, 2020, 6 AM MDT
Vertical integration has paid off for oil producers who have spread risk throughout the value chain while capturing increased revenues…
CN Rail Q2 earnings drop by 60% as pandemic hits crude oil, auto shipments
Tuesday, July 21, 2020, 6:16 PM MDT
Canadian National Railway Company says profits fell by 60 per cent last quarter as shipments declined nearly across the board…
Capitalists’ biggest fear is an 'inevitable policy response’
Tuesday, July 21, 2020, 7:30 AM MDT
The Italian oil company Eni SpA will set a goal of reaching net-zero emissions in its European operations by 2050,…
