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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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,…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.