TC Energy reports $358M first-quarter profit compared with loss a year ago
CALGARY — TC Energy Corp. says it earned $358 million in its first quarter compared with a loss of $1.06 billion in the same quarter last year when it took a charge related to the cancellation of its controversial Keystone XL project. The pipeline...
Imperial Oil posts $1.17B first-quarter profit, best in over 30 years
CALGARY — Imperial Oil Ltd. says it posted its highest first-quarter profit in over 30 years as it earned $1.17 billion, boosted by higher oil prices. The company also announced plans to buy back up to $2.5 billion of its common shares. Imperial...
Track failure caused 2019 St. Lazare crude-by-rail derailment
ST.-LAZARE, MANITOBA – Canadian National says it has implemented safety measures after one of its trains derailed in western Manitoba in 2019, resulting in a large crude oil spill.
Federal exclusion of enhanced oil recovery in CO2 investment tax credits means projects will proceed, but there will be fewer, says Whitecap CEO
CALGARY – Last fall Whitecap Resources announced an ambitious project in conjunction with Federated Co-operatives Limited (FCL) to take carbon dioxide from FCL’s Regina refinery and Belle Plaine ethanol plants, transport them by pipeline to the Weyburn Unit,...
Precision Drilling boosts capital spending as higher rig demand expected to continue
CALGARY — Precision Drilling Corp. is boosting its 2022 capital spending in anticipation of a continued strong run for the oilfield rig provider amid higher demand and surging prices for oil and natural gas. The Calgary-based company said it will...
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