OPEC+ Extends Oil Production Freeze Amid Market Concerns
OPEC+ maintains current oil output levels as global economic uncertainty and oversupply fears shake energy markets. What this means for Canadian consumers and the economy.
Category : Search result: crude oil
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.
Alberta Pushes Pipeline West with Indigenous Engagement
Alberta intensifies efforts to expand energy market access through pipeline development, prioritizing Indigenous consultation and economic partnerships in Western Canada.
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.
Imperial Oil Profits Fall on Lower Crude Prices, Charges
Imperial Oil reports significant profit decline in Q4 2023 as lower crude prices and substantial impairment charges challenge Canada's energy sector. Discover how refining margins and production performed.
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.
Shell Beats Estimates with $7.7B Q2 Profit
Royal Dutch Shell delivers powerhouse Q2 2023 results, crushing analyst forecasts with $7.7 billion profit as strategic shifts and LNG demand fuel financial triumph.
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.
Alberta Oil Crisis: Price Crash Sparks Layoffs and Cuts
Alberta's oil industry faces a perfect storm of plunging prices, massive layoffs, and spending cuts that could reshape Canada's energy landscape for years to come.
Shell Outperforms TotalEnergies in Q2 Earnings
Shell delivers stronger-than-expected quarterly profits while TotalEnergies falls short, as both energy giants navigate declining oil and gas prices in current market conditions.
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.
Burnaby Refinery Shifts to US Control in $9.1B Deal
A major Canadian energy facility is changing hands as Calgary-based Parkland Corporation sells a significant portion of its business, including the Burnaby refinery, to American multinational Sinclair in a transformative $9.1 billion deal that reshapes We
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.
Alberta's Budget Balance & Pipeline Expansion Plan
Alberta Premier Danielle Smith reveals strategic blueprint to balance provincial budget while aggressively pursuing pipeline expansion to boost energy exports and economic growth.
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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