By Staff The Canadian Press Posted February 20, 2020 6:39 pm Updated February 20, 2020 6:40 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Inter Pipeline Ltd. is crediting strong results from its…
Tag: Oil Prices
Suncor Energy posts $2.3B loss as company writes down oilsands and offshore assets
By Staff The Canadian Press Posted February 5, 2020 10:22 pm Updated February 5, 2020 10:29 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Suncor Energy Inc. is reporting a net loss of…
Feds to avoid selling Trans Mountain pipeline so long as risks remain
The federal government is studying the best options for Indigenous communities to reap economic benefits from the Trans Mountain pipeline but Ottawa is not planning to sell the project while legal and political risks remain. The Supreme Court of Canada…
Oilpatch buyers expected to stay on the sidelines in 2020: analysts
A mindset of “hunkering down” in the face of persistent headwinds means mergers and acquisitions activity in Canada’s oilpatch will likely remain at low ebb in 2020, analysts say. A recent spate of consolidation of producers in prolific Texas oilfields…
Lawyer says Indigenous groups didn’t approach Trans Mountain pipeline consultation in good faith
A lawyer for Trans Mountain Corp. is defending the government’s consultation with Indigenous groups over the Crown corporation’s operation and construction of its pipeline project. Maureen Killoran said Wednesday that the $10 billion project has twice been declared in the…
ATB Financial projects Alberta economy in 2020 will likely look similar to 2019
December 12 2019 9:25pm A new forecast shows Alberta’s economy in 2020 will likely look quite similar to what we saw this year. As Tom Vernon reports, the outlook from ATB Financial points the finger squarely at the energy sector.…
Oil prices to remain subdued in 2020, according to economists
Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week. The poll of 42 economists and analysts forecast Brent LCOc1…
Review of Canadian fossil fuel subsidies appears to be behind schedule: environmental advocate
Canada’s promise to produce an inventory of its fossil fuel subsidies as part of a joint peer review with Argentina appears to be off schedule and may not deliver results until 2021, an environmental advocate says. The peer review, which…
Exxon denies it misled investors on climate risks
Climate change may be the defining risk for oil and gas companies in coming decades, and attorneys for New York state are saying Exxon Mobil misled investors about how it was handling that risk. The state made closing arguments Thursday…
Western oil prices slip as Keystone pipeline leak cleanup continues
By Staff The Canadian Press Posted November 4, 2019 6:28 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Prices for Western Canadian Select oil continued to soften on Monday as TC Energy Corp.…