CALGARY — Crescent Point Energy Corp. announced a special dividend as it reported a loss in its latest quarter, weighed down by a one-time impairment charge. The company says it will pay a special cash dividend, based on its fourth-quarter results, of 3.2 cents per...
ESTEVAN – With roughly just two weeks to go until spring breakup, there were 39 active drilling rigs working in Saskatchewan on March 1. That’s according to RiggerTalk.com, which publishes data from the Canadian Association of Energy Contractors. Activity has...
CALGARY – The Canadian Association of Petroleum Producers (CAPP) reported on March 1 it is forecasting oil and natural gas investment in upstream production will hit $40.0 billion in 2023, surpassing pre-Covid investment levels. That represents $4.0 billion, or 11 per...
CALGARY — A U.S. Gulf Coast gas storage facility and a stake in a company developing fuel from waste food are among a string of new investments announced by Canadian energy giant Enbridge Inc. on Wednesday. At its annual investor day event, the Calgary-based company...
CALGARY, ALBERTA – Saturn Oil & Gas Inc. announced the evening of Feb. 28 that it has successfully completed the previously announced acquisition of Ridgeback Resources Inc. in a half-billion dollar deal. The deal was initially announced on Jan. 20. Ridgeback was...
CALGARY — Cenovus Energy Inc. announced on Feb. 28 that it has closed on the transaction to purchase bp’s 50 per cent interest in the bp-Husky Toledo Refinery in Ohio, effective that day. Cenovus already owned 50 per cent of the facility, and now owns 100 per...
