CALGARY — MEG Energy Corp. is promoting Darlene Gates to the role of chief executive. The oilsands company says Gates, who is the company’s chief operating officer, will take over the top job on May 1 when Derek Evans steps down from the role. She will also be...
Canadian Natural Resources Ltd. drew on its abundant reserves to set a slew of production records last quarter, boosting its bottom line by 72 per cent. The country’s largest oil and gas producer by market capitalization churned out 1.42 million barrels...
Crescent Point Energy Corp. raised its quarterly base dividend by 15 per cent as it reported fourth-quarter net income of $951.2 million compared with a loss of $498.1 million a year earlier. The company said Thursday it will now pay a quarterly base dividend of 11.5...
CALGARY — A hearing panel for Alberta’s energy regulator has upheld two orders against a company that had thousands of inactive oil and gas wells seized last year. The regulator transferred control of more than 6,000 wells, pipeline segments and other facilities...
The company building the Trans Mountain pipeline expansion now estimates the project’s costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion. That’s according to a regulatory filing Trans Mountain Corp. provided to the Canada...
