Category : Energy Sector

Cenovus-Husky Merger Vote Delayed: What This Means for Canada's Energy Sector

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 Shatters Expectations with Stunning $7.7 Billion Quarterly Profit Amid Energy Market Surge

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 Hits Regulatory Snag: Shareholder Vote Delayed

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.

Shell Outperforms TotalEnergies in Q2 Earnings Despite Energy Price Dip

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. Peers as Global Energy Landscape Shifts

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.

Parkland's Burnaby Refinery Shifts to U.S. Control in Landmark $9.1B Acquisition

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 Makes Bold Move to Acquire GeoPark in Major Canadian Energy Sector Play

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.

Newfoundland's Premier Takes Action: Hydro-Quebec Deal Under Immediate Review

NL Premier Reviews Hydro-Quebec Power Deal

Newfoundland and Labrador's incoming premier launches sweeping review of controversial Churchill Falls power agreement with Quebec within weeks of taking office.

Canada's Green Energy Push Accelerates While Backing Oil Pipeline Expansion

Canada accelerates clean energy while backing pipelines

Canada is navigating a complex energy transition, rapidly expanding clean electricity while continuing to support fossil fuel infrastructure. Discover how the country plans to achieve net-zero grid by 2035 amid ongoing pipeline projects.

Saskatchewan's Nuclear Energy Breakthrough: A $7B Game-Changer for Power and Economy

Saskatchewan's $7B Nuclear Energy Breakthrough

Saskatchewan embarks on a transformative $7 billion nuclear energy partnership with Ontario Power Generation, positioning the province as Canada's next clean energy leader while creating thousands of jobs.

Russia's Oil Exports Defy Sanctions: Tanker Traffic Data Reveals Surprising Resilience

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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