Rachel Notley to announce next steps in Alberta energy plan

Alberta Premier Rachel Notley is set to announce the next steps in the province’s plan to get full value for its energy resources. Alberta’s oil price crisis has been top of mind across the country in recent weeks, and was…

Enbridge announces $1.8B in pipeline spending; raises dividend 10%

Enbridge Inc. is announcing $1.8 billion in new investments, including the $265-million purchase of pipeline and terminal assets in northern Alberta from oilsands producer Athabasca Oil Corp. READ MORE: Who are the winners and losers from the Alberta oil production cut?…

Cenovus plans $1.2 billion to $1.4 billion in capital spending for 2019

Cenovus Energy Inc. is planning total capital spending of between $1.2 billion and $1.4 billion for next year. The plan compares with its guidance for this year of between $1.3 billion and $1.4 billion. READ MORE: Who are the winners and losers…

Ottawa accused of undercutting climate change effort by subsidizing fossil fuels

Canada’s soft spot for the home-grown oil and gas industry is one of the obstacles preventing the country from becoming a climate leader, groups are claiming at a global climate change conference in Poland on Monday. Story continues below “The…

Oilsands producer CNRL cuts $1 billion from budget due to low oil price

Oilsands producer Canadian Natural Resources Ltd. is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. READ MORE: Shares in Cenovus, CNRL…

Who are the winners and losers from the Alberta oil production cut?

Oil production cuts announced by the Alberta government will have the desired outcome of reducing steep discounts on its oil, but it will also create winners and losers, financial analysts say. Shares in the companies most likely to benefit from…

Shares in Cenovus, CNRL soar on news of Alberta crude production cuts

Shares in oilsands companies most likely to benefit from Alberta’s move to curtail crude production starting Jan. 1 are soaring in the wake of Sunday’s announcement by Premier Rachel Notley. In early trading Monday morning, Cenovus Energy Inc. rose as…