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...
By Dean Bennett in Edmonton, Alberta, Canada Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite out of its debt and put up guardrails to prevent eye-popping deficits when oil booms go bust....
By Bob Weber in Edmonton Alberta Premier Danielle Smith’s last budget before an expected spring election gives strong support to a proposed tax break for energy companies to fulfil their legal cleanup duties but doesn’t tell voters how much would be spent...
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...
REGINA – Last fall, Hub City Lithium drilled its first test well just west of the Viewfield crater, south of Stoughton. And on Feb. 21, ROK Resources, the operator and 25 per cent owner of Hub City, announced brine lithium concentrations that are the highest, by a...
