Oilsands & Heavy Oil
Canadian Natural Resources reports higher earnings amid strong commodity prices
Friday, August 6, 2021, 6:03 AM MDT
Canadian Natural Resources reported higher earnings and raised its capital budget after a positive quarterly earnings report Thursday. The Calgary-based…
Imperial Oil earns $366 million; Kearl oilsands site sets 25-year production record
Tuesday, August 3, 2021, 6:20 AM MDT
Imperial Oil Limited says it earned $366 million in the second quarter and boosted production to its highest level in…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
