Imperial Oil reports Q1 profit up from last year as revenues increase

CALGARY — Imperial Oil Ltd. said frigid weather was to blame for reduced output at its Kearl oilsands mine in northeastern Alberta during the first quarter, but that it’s since recovered to deliver strong April production. The mine, owned by Imperial and its...

TC Energy reports $978M first-quarter profit as revenues increase

CALGARY — TC Energy Corp. has green-lit a US$900-million pipeline expansion feeding new natural gas-fired power plants in the U.S. Midwest, where artificial intelligence data centres are ravenous for electricity, as well as major refurbishments at the Bruce Power...

Precision Drilling trims 2025 capital budget amid market uncertainty

Precision Drilling is trimming its planned 2025 capital spending due to market uncertainty and a possible dip in demand from the oil and gas producers that contract its rigs. Chief executive Kevin Neveu says Precision expects to spend $200 million this year, a...