Cenovus Energy Inc. says it will add as much as 70,000 barrels per day of oilsands output following the Alberta government's decision to ease production curtailments for producers that add crude-by-rail capacity.
Third-generation farmer James Praskach has been burned by the oil and gas sector and watched wicked weather pound his crops flat, but he is hoping a new kind of energy — the renewable kind — will pay dividends.
The United Conservative government in Alberta says it will carry on with a program introduced by the former NDP regime to use $1.1 billion in energy royalty credits to encourage new petrochemical projects.
Investors in the oil and gas sector are shrugging off federal election results despite predictions that a Liberal minority propped up by the NDP and Greens would result in policies that hurt the industry.
Tourmaline Oil Corp.'s creation of a hybrid royalty company to hold some of its energy assets spurred a buying rush for the company's stock on Friday, October 11, 2019, although its share prices remained well below their 52-week highs.
Shares in Tidewater Midstream and Infrastructure Ltd. fell sharply on Friday, October 4, 2019, after it announced it would buy a small light oil refinery in Prince George, B.C., from Husky Energy Inc. for $215 million.
Oilsands producer Cenovus Energy Inc. is rewarding its shareholders with a 25 per cent increase in its dividend while tightening its spending plans and maintaining "modest" production growth expectations over the next five years.
Oil and gas industry insiders say demands by organizers of Friday's, September 27, 2019, Global Climate Strike to transition swiftly away from fossil fuels to 100 per cent renewable energy are naive and unrealistic.