Canadian energy giants take out full-page newspaper ads as federal election looms

Three of Canada’s biggest oilsands producers are going directly to voters today to ask them to “influence the outcome” of big decisions concerning the oil and gas sector as a fall federal election looms. In full-page ads in about 30…

Alberta oilsands producers report boost in Q2 net incomes thanks to corporate tax cuts

The Alberta government’s move to cut corporate taxes from 12 to eight per cent has added more than $2 billion to second-quarter net incomes of major oilsands producers Suncor Energy Inc., Husky Energy Inc. and Cenovus Energy Inc. In quarterly…

Producers still cautious despite higher Q2 expectations on stronger oil prices

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…

Husky pleads guilty to 3 charges in Saskatchewan oil spill

Husky Oil Operations Ltd., a subsidiary of Husky Energy, has pleaded guilty in a pipeline leak that sent oil spilling into a major river that provides drinking water for a number of Saskatchewan communities. The oil spill into the North…

Alberta oil curtailment pluses outweighed by ‘social costs,’ says Husky CEO

The Alberta government’s oil production curtailments have boosted local prices but it has come at the cost of service industry layoffs, poorer rail shipping economics and “unprecedented uncertainty” among investors, says the CEO of Husky Energy Inc. Story continues below…

Alberta rail plan results from oil curtailment mistakes, Husky execs say

The Alberta government’s decision to spend $3.7 billion to move more crude by rail was made necessary by its poorly considered move to impose production curtailments, executives with Husky Energy Inc. charged on Tuesday. Story continues below The Calgary-based company,…

Husky Energy walks away from its hostile takeover bid for MEG Energy

Husky Energy Inc. is walking away from its hostile takeover offer for MEG Energy Corp. after failing to win enough shareholder support. Husky says there have also been several negative surprises in the market since it first announced its offer…