Oil & Gas

Strathcona Resources to acquire Serafina Energy

Thursday, August 4, 2022, 6:35 AM MDT

Strathcona Resources Ltd. agreed to buy Saskatchewan-oil explorer Serafina Energy Ltd. for C$2.3 billion ($1.8 billion), the latest acquisition by…

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Shell hands out 8% salary bonus to employees amid record profits

Wednesday, August 3, 2022, 6:49 AM MDT

Shell plc has given the vast majority of its employees a bonus equivalent to 8 per cent of their annual…

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Imperial Oil investigating 55,000 litre spill of produced water in N.W.T.

Tuesday, August 2, 2022, 6:24 AM MDT

Imperial Oil Ltd. says it is investigating a spill from a produced water line at its facility in Norman Wells,…

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Imperial Oil second quarter profit soars amid higher production and energy prices

Tuesday, August 2, 2022, 6:18 AM MDT

Imperial Oil Ltd. recorded a meteoric rise in profit in its latest quarter amid soaring energy prices and higher production.…

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In Conversation with KPMG in Canada’s National Energy Leader Shane Doig

Tuesday, August 2, 2022, 6 AM MDT

Shane Doig has been with KPMG over 20 years, is KPMG in Canada’s National Energy Leader, a member of KPMG’s…

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Enbridge snaps up stake in West Coast LNG plant as demand surges

Friday, July 29, 2022, 11:35 AM MDT

Enbridge Inc. has extended its push into liquified natural gas as global demand soars, scooping up a stake in a…

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Enbridge net profit falls as revenues surge in second quarter to $13.22 billion

Friday, July 29, 2022, 7:28 AM MDT

Enbridge Inc. says its earnings attributable to common shareholders dropped in its most recent quarter despite higher revenue. The Calgary-based…

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Shell CEO sees risk of even higher oil prices on tight supply

Thursday, July 28, 2022, 6:41 AM MDT

Oil prices are more likely to rise than fall as the tightness in supply outweighs any risks to demand, said…

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Crescent Point reports adjusted earnings jump on higher oil prices

Wednesday, July 27, 2022, 2:53 PM MDT

Crescent Point Energy Corp. says it had a net income of $331.5 million in the second quarter, down from a…

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Oil industry faces cost inflation as Vallourec lifts tube prices

Wednesday, July 27, 2022, 6:41 AM MDT

In the latest sign of cost inflation for the oil and gas industry Vallourec SA, a French maker of steel…

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Big Oil set for record profit as world reels from high fuel cost

Tuesday, July 26, 2022, 6:41 AM MDT

Big Oil is poised for a record-breaking $50 billion profit in the second quarter, but the industry’s stellar performance could…

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Crude fluctuates amid soft European economic data

Friday, July 22, 2022, 6:45 AM MDT

Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. WTI for…

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