Parkland Corp. reports second-quarter earnings up ahead of Sunoco takeover
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.
Suncor reports $1.13 billion Q2 net income, revises down spending estimate
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.
Lithium in SK, Part 36: Arizona Lithium to use Long Creek Rail for product shipment
One of the key considerations for the development of Saskatchewan’s nascent lithium industry is how with the product, produced on the Canadian prairie, make it to market? One piece of that puzzle seems to have been solved by Arizona Lithium, which has drilled three production pads in the Torquay area.
Nova Scotia designates offshore areas for wind development in “Wind West” scheme
For context, in this release Nova Scotia is talking about up to five gigawatts of nameplate power generation. That’s 5,000 megawatts. The entire SaskPower grid has a nameplate capacity of 5,973 megawatts, although the record it has ever produced was 3,910 megawatts. Nova Scotia is effectively proposing building the equivalent of almost the entire Saskatchewan grid with wind.
Cenovus encouraged by talks with Carney government but says regulatory hurdles remain
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 way for the energy sector.
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