OTTAWA — Canada is formally invoking a 1977 pipeline treaty with the United States in a bid to prevent Michigan from turning off the taps to Enbridge’s Line 5 pipeline. Foreign Affairs Minister Marc Garneau said in a statement Monday that the transit pipeline...
CALGARY — Experts say the price of crude oil could hit US$100 per barrel this winter. The return of travel and the easing of pandemic restrictions around the globe has sent demand for oil skyrocketing. Oil prices are already at seven-year highs. The North American...
CALGARY — Suncor Energy Inc. says it has assumed operatorship of the Syncrude oilsands project in a bid to improve its performance. The Calgary-based company agreed to become the operator of the Syncrude Joint Venture, one of the largest operations in the oilsands...
CALGARY — Surge Energy Inc. says it has signed a deal to buy Fire Sky Energy Inc. in an agreement valued at $58 million. Fire Sky owns assets producing more than 1,500 barrels of oil equivalent per day focused in Surge’s core area in southeast Saskatchewan. The...
WASHINGTON — The Canadian architect of the controversial Line 5 cross-border pipeline expansion project said Friday it remains committed to a negotiated solution to its impasse with the state of Michigan, even though the government has effectively walked away from the...
