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TC Energy selling Portland Natural Gas Transmission System for US$1.14 billion

CALGARY — TC Energy Corp. and its partner have signed a deal to sell the Portland Natural Gas Transmission System for US$1.14 billion including the assumption of US$250 million in debt. The buyer is BlackRock, through a fund managed by its diversified infrastructure...

Saskatchewan residents with low incomes worry about not getting carbon rebate

Alan Holman says the carbon rebate he gets four times a year from the federal government is crucial for his household budget. Without the funds, the Saskatoon resident, who is on disability assistance, says he’ll have to scale back on spending for his everyday...

Energy regulator approves Enbridge tolling deal for Mainline pipeline system

Enbridge Inc. says the federal energy regulator has approved the tolling deal for its Mainline pipeline system. It’s the latest milestone after the Calgary-based company reached an agreement with shippers in May of last year. The now-approved deal sets tariffs...

MEG Energy promotes chief operating officer Darlene Gates to chief executive

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 hits record oil production amid rising U.S. demand

  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...
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