By Sammy Hudes Cenovus Energy Inc. says it is “cautiously optimistic” about the federal government’s commitment to building new projects that aim to spearhead economic growth, but the company hopes to see Ottawa clear obstacles that lie in the...
By Daniel Johnson CALGARY — The chief executive of Imperial Oil Ltd. says he is encouraged by discussions with the federal government regarding support for industry projects, as the company reported second-quarter results. “When I think broadly about the...
The head of Enbridge Inc. says he’s encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home. “I’m optimistic about our ongoing...
CALGARY — Oilsands producer MEG Energy Corp. says its profits fell during the second quarter compared with a year earlier. Net earnings for the quarter came in at $67 million, or 26 cents per diluted share, compared with $136 million, or 50 cents per diluted share,...
MACOUN, REGINA – While SaskPower has not yet chosen a site for a prospective nuclear power plant, it has purchased land along the north shore of Rafferty Reservoir, also known as McDonald Lake, just in case it is needed. The site is due south of Macoun, on the west...
Cenovus Energy reported on July 31 that it had finally brought its Rush Lake blowout under control. The initial blowout began on May 9. In an emailed statement, Cenovus said, “Cenovus Energy has safely controlled the well that caused the steam release to surface...
