Pipeline operator South Bow Corp. says it expects an in-depth report out in September on a recent pipeline leak, but so far it doesn’t see it indicating wider problems on its Keystone pipeline. The April 8 leak of about 3,500 barrels near Fort Ransom, N.D.,...
Canadian Natural Resources Ltd. says its acquisition strategy is focused on cash flow as it closed multiple purchases in recent months and reported profits rose in the second quarter. Chief executive Scott Stauth says its recent acquisitions add about 82,000 barrels...
Ontario is taking a step toward planning new pipelines to bring Alberta oil and gas to the province for refining, issuing a request for proposals today for a feasibility study. It follows a memorandum of understanding last...
Conservative Leader Pierre Poilievre says Canadians, including British Columbians, want a new oil pipeline and Premier David Eby can’t be allowed as one man to block the project. Poilievre says the country can’t wait for complete agreement on the idea,...
CALGARY — Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP. The Calgary-based company says net earnings for the period ending June 30 were $172 million, up from $70 million a year ago....
CALGARY — Suncor Energy Inc. says its second-quarter earnings were down from last year, largely on lower oil prices, as it also revised down its expected capital spending for the year. The oilsands producer says it had a net income of $1.13 billion for the quarter...
