14 November

Suncor Energy’s oilsands base plant. Image: Joey Podlubny/JWN Suncor Energy is the top oil and gas player on the latest ranking of Canada’s biggest corporate R&D spenders. The company’s 2017 R&D investment of $350 million put it at number 11 on the list, which is compiled annually by Research Infosource. Just below Suncor, at number […]

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14 November

Image: Flickr/Justin Trudeau One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oilsands crude. In a letter to the prime minister, Darren Peers, an analyst and investor at Los […]

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14 November

TransCanada CEO Russ Girling. Image: Teddy Kwok CALGARY — TransCanada Corp. says it doesn’t know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service. It’s too soon to say […]

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14 November

Image: Joey Podlubny/JWN Three major Canadian oil and gas industry associations have launched a new large-scale applied research project focused on methane leak detection, quantification and repair. Described as “immense in scope,” the Fugitive Emissions Management Program Effectiveness Assessment (FEMP EA) project has funding support of over 400 oil and gas producers through Alberta Upstream […]

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14 November

Image: Acceleware Just four months after announcing a key deal with junior Prosper Petroleum to use the company’s leases to test its radio-frequency extraction technology, Acceleware Ltd. says it has new financial support from a “major oilsands producer.” As an electrically driven process, Acceleware believes that its waterless technology can provide a clear pathway to […]

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13 November

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The […]

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13 November

One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease Canadian bottlenecks that have resulted in Canada’s heavy oil prices tumbling to a record-low discount of US$50 to WTI. The province of Alberta, the heart of […]

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13 November

CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2018) Funds flow from operating activities of $1.93 million compared to $0.58 million recorded in the prior quarter, and $1.76 million reported in the third […]

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13 November

TORONTO — Canada’s main stock index was up in late-morning trading as gains in the financial, industrial and materials sectors outweighed losses in the energy sector as the price of oil fell. The S&P/TSX composite index was up 79.85 points at 15,236.25. In New York, the Dow Jones industrial average was up 107.95 points at […]

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13 November

Cenovus Energy CEO Alex Pourbaix. Image: Deborah Jaremko/JWN It may not just be OPEC that’s weighing whether to cut oil production. The pipeline bottlenecks that have strangled Canadian crude prices have at least one major energy producer calling for oil-rich Alberta to mandate output reductions. Oilsands producer Cenovus Energy Inc. says the province already has […]

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