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....
ST. JOHNS – As Newfoundland and Labrador Premier Andrew Furey prepares for energy talks this week with Quebec Premier François Legault, an expert panel is recommending the two strike a new Churchill Falls hydroelectric energy deal. The existing agreement between...
CALGARY — Suncor Energy Inc. has announced Rich Kruger as the company’s new president and CEO. The Calgary-based oil producer and refiner says Kruger will replace interim CEO Kris Smith starting April 3. Kruger worked for Exxon Mobil Corp. for 39 years, leading...
