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Oil & Gas and Mining News

Canadian Natural says it can break even at US$40 oil, reports record production

Canadian Natural says it can break even at US$40 oil, reports record production

CALGARY — Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been trading over the past month. West Texas Intermediate, a U.S.
Cenovus Energy shares jump after it ups dividend, beats on Q1 earnings

Cenovus Energy shares jump after it ups dividend, beats on Q1 earnings

CALGARY — Shares in oil producer Cenovus Energy Inc.
CN Rail hub set to proceed after Supreme Court dismisses appeal request

CN Rail hub set to proceed after Supreme Court dismisses appeal request

OTTAWA — The Supreme Court of Canada has dismissed an appeal request that sought to halt construction of a massive rail-and-truck hub in the Greater Toronto Area, paving the way for the project to proceed.
Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

CALGARY — A judge has declined to hear a challenge to Parkland Corp.'s last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.
CEOs call on Carney to 'take action' to support domestic energy sector

CEOs call on Carney to 'take action' to support domestic energy sector

OTTAWA — Canada's energy CEOs are calling on Prime Minister Mark Carney to scrap the emissions cap on oil and gas producers and repeal industrial carbon pricing to help bolster the industry.
Power utility TransAlta expects Alberta data centre deal this year

Power utility TransAlta expects Alberta data centre deal this year

CALGARY — Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province.
Heavy lifting begins as Suncor starts refurbishing decades-old upgrader components

Heavy lifting begins as Suncor starts refurbishing decades-old upgrader components

CALGARY — Oilsands giant Suncor Energy Inc. has begun a three-month outage at one of its upgraders so it can begin to replace enormous components first installed almost six decades ago.
MEG Energy reports doubling in first-quarter profits

MEG Energy reports doubling in first-quarter profits

CALGARY — Oilsands producer MEG Energy Corp. says its first-quarter profits more than doubled from a year earlier.
Suncor reports highest-ever Q1 production and refinery throughput

Suncor reports highest-ever Q1 production and refinery throughput

CALGARY — Oilsands giant Suncor Energy Inc. says said it had its strongest-ever first-quarter performance in its production, refining and refined product sales segments.
Shareholders approve $15-billion Whitecap-Veren deal

Shareholders approve $15-billion Whitecap-Veren deal

CALGARY — Whitecap Resources Inc. is on track to join forces with Veren Inc. next week after shareholders of both companies gave their blessing for the $15-billion deal.