Breaking
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OPEC+ Has Agreed to Increase Oil Production by 100,000 Barrels Per Day
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Cenovus CEO: Calls for Less Strict GHG Targets for Oil and Natural Gas Producers
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Environmentalists from B.C. Suing the Federal Government Over Oil and Gas Permits
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Russia Cuts Gas Exports to Europe, Questioning Canada’s Sanctions Waiver
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Canada Sides With the United States In Dispute Over Trade Deal Involving Mexico’s Energy Policies
Canadian News
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Canada: Ukraine Gas Pipeline Isn’t a Good Alternative for Nord Stream.
Prime Minister Justin Trudeau’s energy official justified the release of a sanctioned turbine for the Nord-Stream 1 gas pipeline, claiming that the government was not convinced by Ukraine’s arguments that there were other alternatives Natural Resources Minister Jonathan Wilkinson told legislators in Ottawa that relying on an existing pipeline through Ukraine as a replacement for Nord […] More
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Canadian Oil Producer to Acquire Saskatchewan Oil Driller Serafina for C$2.3 Billion
Canadian energy company Strathcona Resources Ltd. has decided to buy Saskatchewan oil driller Serafina Energy Ltd. for C$2.3 billion ($1.8 billion), according to a source familiar with the purchase. The deal is expected to be completed on August 29th, according to the individual who requested to remain anonymous because the details aren’t public yet. Clients were […] More
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Imperial Oil: Investigation of Spill in Norman Wells Reaching the Mackenzie River
Imperial Oil has begun investigating the possibility of a spill from a produced water line at the N.W.T’s Norman Wells operation reaching the Mackenzie River. On Wednesday, locals reported a spill to the N.W.T. Department of Environment and Natural Resources. According to the federal regulator the incident happened between Bear and Goose Island. Produced water […] More
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Pacific Energy and Enbridge Announce Partnership in Woodfibre LNG
Pacific Energy Corporation Limited and Enbridge Inc. today announced an agreement to jointly invest in the construction and operation of the Woodfibre LNG project. Woodfibre LNG is a 2.1 million-tonne-per-year liquefied natural gas (LNG) export facility with 250,000M3 of floating storage capacity being built near Squamish, B.C. The project is underpinned by two long-term offtake agreements with BP Gas […] More
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Canada and New Brunswick Invest in Solar Energy Generation and Sewer Infrastructure in Edmundston
Today, René Arseneault, Member of Parliament for Madawaska—Restigouche, on behalf of the Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities; the Honourable Gary Crossman, Minister of Environment and Climate Change and Minister responsible for the Regional Development Corporation; and His Worship Éric Marquis, Mayor of the City of Edmundston, announced joint funding for solar […] More
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Federal Emissions Cap Concerns Oil Industry on Possible Production Cut
Concerns have spread throughout the oil patch over whether or not the federal government’s proposed cap on gas emissions will force them to reduce production by the end of the decade. Earlier this week the federal government announced the consideration of two possible options to meet its climate targets on gas emissions; a cap-and-trade system with a […] More
Finance
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Cenovus Earns $2.4 Billion in Second Quarter
In its most recent quarter, Cenovus Energy Inc.’s profit went up since commodity prices went up and margins climbed. In the second quarter, the Calgary-based oil producer made a net profit of $2.4 billion, or $1.23 per basic share. Up from $224 million, or 11 cents per share, in the same period last year. For […] More
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Historical Crude Oil Chart
Olivia Woods
Press Releases
