Valvoline to sell its global products arm to Saudi’s Aramco
Saudi Aramco announced a $2.65 billion agreement on Monday to acquire Valvoline’s global products business, which includes motor oils, transmission fluids, coolants and other automotive maintenance products.
Cenovus posts massive upswing in profit as second-quarter net earnings reach $2.4B
Cenovus Energy Inc. recorded a massive upswing in profit in its latest quarter amid increased commodity prices and higher margins.
TC Energy second-quarter profit down as it reaches milestone with Coastal GasLink LP
TC Energy Corp. posted a lower quarterly profit as its Coastal GasLink project reaches a “significant milestone.”
The Calgary-based energy producer says its net income attributable to shareholders was $889 million or 90 cents per diluted share in the second quarter, down from $975 million or $1 per share a year earlier.
Cost of Coastal GasLink pipeline leaps 70% to $11.2B as TC Energy settles dispute
The projected cost of the contentious Coastal GasLink pipeline spanning northern British Columbia has jumped 70 per cent to $11.2 billion in the wake of a freshly inked deal between operator TC Energy Corp. and the group building a liquified natural gas terminal on the West Coast.
Precision Drilling reports $25M net loss in Q2, revenue up 62%
Precision Drilling Corp. says it had a net loss of $24.6 million for the second quarter, down from a net loss of $75.9 million in the same quarter last year.
The net loss for the quarter ending June 30 worked out to $1.81 per share, compared with $5.71 per share for the same quarter last year.
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