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…

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​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…

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​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…

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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…

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​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…

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​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…

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​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…

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​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…

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​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…

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​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…

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​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…

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​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,…

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