21 January

Eldar Saetre CEO of Equinor speaks as he gives the company quarterly capital market update in London, on Thursday, Feb. 6, 2020. File photo by The Associated Press/Alastair Grant Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands by selling the 18.8 per cent stake in producer Athabasca Oil […]

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21 January

Southern Alberta oil well Baker Hughes Co on Thursday joined larger rival Halliburton Co to say the energy industry’s worst downturn in decades would be over by the first half of this year. Oil and gas producers have been forced to cut their budget, restructure operations and reduce employees, to tackle the COVID-19 pandemic-led fallout […]

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21 January

An Airdrie company is being sued for more than $18 million by a former employee who was jailed while working for the firm in Africa in 2015. United Safety International Ltd. in Airdrie is currently involved in a $23 million CAD lawsuit with a former employee, who sued the company after being arrested in Congo […]

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21 January

Kinder Morgan ( NYSE:KMI ) closed 2020 on a down note as its earnings and cash flow declined. Several factors weighed on its results, including asset sales, lower volumes, and weaker commodity prices. Unfortunately, the company expects that downward trend to continue in 2021 even though it recently completed a needle-moving project, and energy market […]

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21 January

By Sonali Paul and Koustav Samanta MELBOURNE/SINGAPORE (Reuters) – Oil slipped on Thursday after industry data showed a surprise build in U.S. crude inventories that reignited pandemic-led demand concerns, but stimulus hopes in the United States capped the downturn in prices. U.S. West Texas Intermediate (WTI) crude futures dipped 19 cents, or 0.4%, to $53.12 […]

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21 January

WASHINGTON — If Joe Biden’s decision to kill off Keystone XL is supposed to sound the death knell for Canada-U.S. relations, you wouldn’t know it from the newly minted president’s call sheet. WASHINGTON — If Joe Biden’s decision to kill off Keystone XL is supposed to sound the death knell for Canada-U.S. relations, you wouldn’t […]

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21 January

CALGARY, Alberta (Reuters) – U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. FILE PHOTO: A depot used to store pipes for the planned Keystone XL oil […]

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21 January

→ Microcap Company Enters This $100 Billion Market (Ad) TOTAL SE (FP.PA) logo TOTAL SE (FP.PA) (EPA:FP) has been assigned a €42.80 ($50.35) target price by analysts at Credit Suisse Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the oil and gas […]

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21 January

Reuters CALGARY, Alberta – U.S. President-elect Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa’s hopes of salvaging a project that the struggling Canadian crude sector has long supported. Source: Reuters Biden will sign 15 executive orders and memorandums […]

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21 January

This March 11, 2020 photo provided by the Bureau of Land Management shows the proposed route of the Keystone XL oil pipeline where it crosses into the U.S. from Canada in Phillips County, Montana. A Canadian company said Monday, April 6, 2020, that it’s started construction on the long-stalled Keystone XL oil sands pipeline across […]

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