Canada's Baytex To Buy Oil Producer Raging River For C$2.8 Billion

Canadian oil and gas producer Baytex Energy said it would buy rival Raging River Exploration for about C$2.8 billion (US$2.13 billion) to expand in the oil-rich Duvernay Field in Alberta.

Jun 18 2018 - 7:50am

Enbridge Endorses Two Alternatives For Great Lakes Pipeline Replacement

Enbridge endorsed either an underwater tunnel or trench to replace a section of its 65-year-old Line 5 pipeline that carries crude oil and NGL under a stretch of the U.S. Great Lakes.

Jun 15 2018 - 1:45pm

Canada Oil Output To Rise 33% By 2035

Industry group warns that a lack of new export pipelines will exclude country from emerging markets.

Jun 13 2018 - 10:22am

Canadian Drilling Firms Akita, Xtreme To Merge

The combined company will operate under the Akita name and have a fleet of 44 high-spec drilling rigs with operations in several major resource basins in the U.S. and Canada.

Jun 11 2018 - 3:55pm

Two Ex-Penn West Executives To Face US SEC Fraud Charges

A U.S. judge has ordered two former finance executives at Penn West Petroleum, now known as Obsidian Energy, to face regulatory charges that they helped engineer a multi-year accounting fraud.

Jun 11 2018 - 2:25pm

BP Complains To Canada Regulator About Enbridge’s Mainline

Producer upset over supply verification procedure for oil pipeline that was abruptly reversed.

Jun 8 2018 - 12:20pm

Questerre Settles Lawsuit; Consolidates Quebec Position

Questerre Energy reported on June 4 that it has executed a letter of intent with a senior E&P company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec.

Jun 4 2018 - 9:18am

Canada Finance Minister Defends Trans Mountain Purchase

Canada’s decision to buy Kinder Morgan Canada Ltd.’s Trans Mountain pipeline was brought about by a “particularly problematic” situation and is not a symbol of how things get done in the country, the finance minister said on May 30.

May 31 2018 - 8:36am

Petronas Buys 25% Stake In LNG Canada Project

Petronas said it would buy an equity stake in LNG Canada, an export project led by Shell located in Kitimat, British Columbia, but didn't disclose a value for the acquisition.

May 31 2018 - 7:20am

Trans Mountain Expansion Saga Reaches ‘Bittersweet Outcome'

While the Canadian oil and gas industry lauded the federal government’s move to buy the Trans Mountain pipeline expansion, leaders remain “deeply concerned” about the toll the political battle has taken.

May 30 2018 - 9:02am