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...
By Dean Bennett in Edmonton, Alberta, Canada EDMONTON — Alberta is scheduled to introduce its budget Tuesday — the last before a spring provincial election — with political observers wondering what the province will do with all its billions of extra petrodollars. “Any...
CALGARY — When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10 per cent of the world’s crude oil supply, many observers in the...
NOTE: This report by The Canadian Press was first published Feb. 16, 2023. After handing oil companies more than $280 million in cash during the COVID-19 pandemic, Newfoundland and Labrador’s energy minister says it’s tough to watch those same companies...
By Sarah Smellie in St. John’s Quebec Premier François Legault says he is ready to make “adjustments” to the Churchill Falls energy agreement between his province and Newfoundland and Labrador ahead of the official end to the contract in 2041....
