07 August

We know that the energy sector continues to underperform broader markets due to lower crude oil prices and tepid demand amid the COVID-19 pandemic. Canada’s energy heavyweight Enbridge (TSX:ENB) (NYSE:ENB) is one such stock that has lost momentum in recent times. Enbridge stock is trading at $43.65, which is 24% below its 52-week high. This […]

Read More
07 August

Canadian Natural Resources Ltd. chairman Murray Edwards, left, and president Tim McKay prepare to address the company’s annual meeting in Calgary, Thursday, May 9, 2019. After withstanding an “extreme” second quarter that saw the company idle more than 100,000 barrels of oil per day at one point — the equivalent of sidelining a mid-sized petroleum […]

Read More
07 August

Imperial, which is majority owned by Exxon Mobil Corp, said its refinery throughput averaged 278,000 barrels per day, 19 per cent lower than last year. (Jason Franson/The Canadian Press) Imperial Oil posted a second-straight quarterly loss on Friday, hit by lower crude prices and refining margins as the COVID-19 pandemic dented demand for fuel and […]

Read More
07 August

By Ron Bousso and Dmitry Zhdannikov LONDON (Reuters) – BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar with BP’s thinking said. The strategy was discussed at a […]

Read More
06 August

BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar with BP’s thinking said. The strategy was discussed at a BP executives meeting in July, the sources said, soon […]

Read More
06 August

CALGARY, AB – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce its second quarter 2020 financial and operating results. The Corporation’s key priorities during the COVID-19 pandemic continue to be the health and safety of all our personnel. We also wish to thank all front-line workers who deliver our essential […]

Read More
06 August

Canadian heavy crude’s discount widened a tad versus West Texas Intermediate (WTI) on Thursday, reflecting rising oil production. Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $12.05 per barrel below WTI, according to NE2 Canada Inc. It settled the previous day at $11.95 under. The market is slowly […]

Read More
06 August

ADVANCE FILE PHOTO Recent News → Vauxhall Advance [email protected] Last week the provincial government finally made an announcement to address some concerns around the cleanup of oil and gas sites in Alberta. “Alberta’s government is taking long-overdue action to accelerate the responsible reclamation of oil and gas sites, ensuring a cleaner environment for current and […]

Read More
06 August

MONTREAL — WSP Global sees a lucrative horizon despite fallout from the pandemic, with an updated guidance predicting strong earnings comparable to its pre-COVID-19 expectations. The outlook, which was suspended after the outbreak, projects net revenues of between $6.7 billion and $7 billion in 2020, with adjusted earnings of at least $1 billion — roughly […]

Read More
06 August

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting. In the meantime, we welcome your feedback to help us enhance the experience. Start survey Great-West Lifeco Inc. nearly doubled its second-quarter earnings from […]

Read More