Suncor Evaluating Potential Oil Sands Deals, CEO Says

Suncor Energy, Canada's largest energy producer, is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, CEO Steve Williams said April 27.

Apr 28 2017 - 7:40am

Cenovus Faces Investors Following ConocoPhillips Deal

The deal, announced in March, effectively doubled the size of Cenovus Energy, but wiped out about a fifth of its market value, with some investors complaining that the price was too high.

Apr 27 2017 - 8:50am

Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss

The Calgary, Alberta-based company has lost nearly one-fifth of its value since the deal with ConocoPhillips was announced in late March, Reuters reported.

Apr 26 2017 - 9:16am

Kinder Morgan Files For IPO To Raise Trans Mountain Funds

Kinder Morgan said April 24 its Canadian unit filed a prospectus for an IPO of restricted voting shares, to help finance its C$7.4 billion (US$5.48 billion) Trans Mountain expansion project.

Apr 25 2017 - 8:05am

Canada Court Upholds Judgement Favoring Oil Firm Creditors

A Canadian court upheld a decision to grant lenders priority over environmental clean-up costs in oil-and-gas bankruptcies, raising chances more disused wells from defunct companies could become a government responsibility.

Apr 25 2017 - 8:00am

Cenovus May Sell Parts Of Assets From ConocoPhillips Deal

Cenovus Energy said it may sell parts of the Deep Basin natural gas assets it recently bought from Houston-based ConocoPhillips, Royal Bank of Canada analysts wrote in a research note.

Apr 24 2017 - 2:50pm

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

Apr 21 2017 - 1:20pm

Report: Canada Will Delay Implementing New Methane Rules Until 2020

The amended time line was a result of discussions between the government and stakeholders and will be incorporated into the proposed regulations expected to be announced at the end of April, CBC News reported.

Apr 21 2017 - 9:27am

BP Reportedly Might Sell Canadian Oil Sands Assets

BP is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of its strategy of retreating from noncore businesses.

Apr 20 2017 - 2:10pm

Cenovus Prices US$2.9 Billion Notes Offering

The acquisition includes ConocoPhillips' 50% interest in the FCCL Partnership, the companies' jointly owned oil sands venture operated by Cenovus, and most of ConocoPhillips' Deep Basin assets in Alberta and British Columbia.

Apr 5 2017 - 11:36am