Oilsands & Heavy Oil


Cenovus retires $1 billion in debt as oil price surge lifts Canadian energy sector

Thursday, July 29, 2021, 3:54 PM MDT

Cenovus Energy Inc. retired nearly $1 billion in debt in the second quarter as the easing of COVID-19 restrictions and…

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Cenovus swings to $224 million profit in Q2 on improved conditions, Husky takeover

Thursday, July 29, 2021, 7:12 AM MDT

Cenovus Energy Inc. swung to a $224-million net profit in its latest quarter on a large recovery in sales due…

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U.S. refiners miss out on America’s fuel boom amid setbacks

Thursday, July 29, 2021, 6:52 AM MDT

Americans are burning through gasoline and diesel like COVID-19 never happened, but U.S. fuel refiners aren’t cashing in as previously…

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Brookfield wins Inter Pipeline’s backing for $8.6 billion deal

Wednesday, July 28, 2021, 6:26 AM MDT

Inter Pipeline Ltd. told shareholders to accept a C$8.6 billion ($6.8 billion) hostile takeover offer from Brookfield Infrastructure Partners LP,…

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Brookfield confident in offer for Inter Pipeline after Pembina terminates rival bid

Tuesday, July 27, 2021, 6:12 AM MDT

Brookfield Infrastructure Partners LLP said it's confident its hostile bid for Calgary-based Inter Pipeline will be successful now that Pembina…

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MEG boosts 2021 production guidance on strong six months and Q2 profits

Monday, July 26, 2021, 6:02 AM MDT

MEG Energy Corp. boosted its full-year production guidance after reporting $68 million in net profits in the second quarter on…

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Top Indian oil refiner betting on robust future for fossil fuels

Friday, July 23, 2021, 6:31 AM MDT

India’s biggest oil refiner says fossil fuels will continue to be key part of the nation’s energy mix as it…

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Advisory firm urges shareholders to support Brookfield's bid for Inter Pipeline

Tuesday, July 20, 2021, 5:55 AM MDT

Prominent shareholder advisory firm ISS is recommending Inter Pipeline investors reject the company's proposed sale to Pembina Pipeline Corp. ISS…

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Pembina declines to raise offer in battle over Inter Pipeline

Monday, July 19, 2021, 6:33 AM MDT

Pembina Pipeline Corp. said it wasn’t going to sweeten its bid for Inter Pipeline Ltd. one day after a new…

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Brookfield’s bid for Inter Pipeline shifts focus to Pembina

Friday, July 16, 2021, 5:36 AM MDT

Brookfield Infrastructure Partners LP’s decision to raise its hostile cash-and-stock offer for Canada’s Inter Pipeline Ltd. to C$8.6 billion ($6.9…

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Oil refiners in China log another record in challenge to U.S.

Thursday, July 15, 2021, 6:25 AM MDT

Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass…

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Brookfield Infrastructure boosts hostile bid for Inter Pipeline

Thursday, July 15, 2021, 6:19 AM MDT

Brookfield Infrastructure Partners LP raised its hostile offer for Inter Pipeline Ltd. to C$8.6 billion ($6.8 billion) in cash in…

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