CALGARY, ALBERTA – Saturn Oil & Gas Inc. announced the evening of Feb. 28 that it has successfully completed the previously announced acquisition of Ridgeback Resources Inc. in a half-billion dollar deal. The deal was initially announced on Jan. 20. Ridgeback was...
CALGARY — Cenovus Energy Inc. announced on Feb. 28 that it has closed on the transaction to purchase bp’s 50 per cent interest in the bp-Husky Toledo Refinery in Ohio, effective that day. Cenovus already owned 50 per cent of the facility, and now owns 100 per...
By Dean Bennett in Edmonton, Alberta, Canada Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite out of its debt and put up guardrails to prevent eye-popping deficits when oil booms go bust....
By Bob Weber in Edmonton Alberta Premier Danielle Smith’s last budget before an expected spring election gives strong support to a proposed tax break for energy companies to fulfil their legal cleanup duties but doesn’t tell voters how much would be spent...
CALGARY — Baytex Energy Corp. has signed a deal to buy U.S. company Ranger Oil Corp. in a deal valued at C$3.4 billion, including assumed debt. Ranger Oil operates in the Eagle Ford shale region in south Texas, an area where Baytex also has assets. Under the terms of...
