Category : Search result: oil resources


Suncor Hikes Dividend, Beats Earnings Expectations

Suncor Energy delivers impressive Q4 results, beating earnings expectations and rewarding shareholders with a substantial dividend increase amid rising oil prices and operational improvements.

Oil & Gas Reality: What Companies Are Actually Doing

While politicians debate energy policy, Canada's oil and gas industry is quietly transforming through massive investments in decarbonization and clean technology. Discover the real story behind the headlines.

Ontario Wildfires Burn 6,000 km² in 2024

Ontario's 2024 wildfire season proved devastating, with official data revealing nearly 6,000 square kilometers burned across the province. Discover the staggering scale of destruction and the massive firefighting response that mobilized thousands.

SM Energy and Civitas Merge in $12.8B Shale Deal

Two prominent U.S. shale producers, SM Energy and Civitas Resources, announce a landmark $12.8 billion all-stock merger, creating a dominant force in the American energy landscape and signaling a new wave of industry consolidation.

Canada downplays US ownership in critical minerals

A senior Canadian official reassures that U.S. government investments in Canada's critical minerals don't equate to foreign control, emphasizing strong bilateral cooperation and national security protections.

Imperial Oil sells Calgary HQ, cuts hundreds of jobs

Imperial Oil Ltd. has struck a deal to sell its massive Calgary headquarters as part of a global restructuring that will eliminate hundreds of positions in the city, marking a significant shift for one of Canada's energy giants.

Oil Steadies as U.S. Reimposes Venezuela Sanctions

Global oil prices found stability as the U.S. reinstated sanctions on Venezuela's oil industry, creating new uncertainty in energy markets while Middle East tensions continue to simmer.

GoldHaven Expands Magno Project in Nova Scotia Gold Belt

Vancouver-based GoldHaven Resources Corp. strategically acquires additional claims within its Magno Project in Nova Scotia's gold-rich Meguma Terrain, expanding its land position to approximately 2,575 hectares in this emerging gold district.

Cenovus-Husky Merger Vote Delayed Another Week

The crucial shareholder vote on Cenovus Energy's massive acquisition of Husky Energy has been postponed for another week, creating uncertainty in Canada's oil and gas industry during turbulent times.

Cenovus-MEG Energy Deal Delayed Over Regulatory Inquiry

A crucial shareholder meeting to approve Cenovus Energy's $3.8 billion acquisition of MEG Energy has been postponed amid regulatory scrutiny from Canadian authorities, creating uncertainty in Alberta's oil sands sector.

Canadian Oil Sands Outshining U.S. Energy Peers

A new report reveals Canadian oil sands companies are gaining competitive advantages over U.S. shale producers, with lower decline rates and stronger financial performance attracting investor attention.

Parex Resources Proposes GeoPark Acquisition

Canadian energy company Parex Resources announces strategic proposal to acquire GeoPark while revealing substantial 11.8% ownership stake, signaling major consolidation in Latin American oil and gas markets.

Ontario, Webequie First Nation partner on Ring of Fire roads

Ontario takes a monumental step toward unlocking the Ring of Fire's mineral riches through a groundbreaking agreement with Webequie First Nation that will accelerate vital road infrastructure in Northern Ontario's remote region.

Major Gold Discovery in Quebec's Menarik West

Exploration partners Harfang Resources and SOQUEM strike significant gold mineralization in Quebec's Eeyou Istchee James Bay territory, revealing multiple high-grade veins that could reshape the region's mining potential.

Russia's Oil Exports Hold Steady Despite Sanctions

Despite sweeping new Western sanctions, Russia's crude oil exports show remarkable stability. Fresh analysis of global tanker movements reveals Moscow continues to find buyers, with export volumes holding steady in early 2024.

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