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Amanda Stephenson

BusinessNatural GasNewsOil

Crescent Point reports Q1 loss due to non-cash impairment charge

Oil and gas producer Crescent Point Q1 results show a loss of nearly $412m.

A new survey shows nine out of ten Canadian energy sector executives believe oil prices will remain strong for the next three to five years. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural GasNewsOil

Canadian oil executives expect sustained period of strong crude prices: survey

Nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years, according to...

Alberta Premier Danielle Smith speaks at the Dow Chemical announcement, that will finalized plans to construct the world's first net-zero carbon emissions ethylene and derivatives complex, in Fort Saskatchewan Alberta, on Wednesday November 29, 2023. Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., says it plans to build a new natural gas pipeline in Alberta to supply a massive net-zero petrochemical project being built northeast of Edmonton. THE CANADIAN PRESS/Jason Frans
BusinessNatural GasNewsTransmission

ATCO subsidiary to build new Alta. pipeline to supply gas to petrochemical project

Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., says it plans to build a new natural gas pipeline in Alberta...

Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets. A truck carries oilsands at Suncor's facility near Fort McMurray on Friday, Sep. 1, 2023. THE CANADIAN PRESS/AP/Victor R. Caiv
BusinessNewsOilTradeTransmissionTransport

Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion

Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed...

Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come. The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessFinanceNewsOilTransmission

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.

TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system while an investigation continues into the cause of a rupture that occurred on the line earlier this week. TransCanada's Keystone pipeline facilities are seen in Hardisty, Alta., on Friday, Nov. 6, 2015. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural GasNewsTransmission

Pipeline operator TC Energy reports $1.20B Q1 profit

TC Energy Corp. reported a first-quarter profit of $1.20 billion, down from $1.31 billion in the same quarter last year, as its revenue...

Fuel retailer Parkland Corp. says the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers. A person prepares to fill up at a gas station in Mississauga, Ont., Tuesday, Feb. 13, 2024. THE CANADIAN PRESS/Christopher Katsarov
AutomotiveBusinessFuelNewsOilTransport

Parkland: Lots of buyer interest in fuel, convenience store locations

Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a...

The Canadian Natural Resources logo is shown at the company's annual meeting in Calgary, Thursday, May 4, 2017. THE CANADIAN PRESS/Jeff McIntosh
BusinessFinanceNatural GasNewsOil

Canadian Natural Resources sees path to hike Horizon oilsands output by 76%

Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of...

Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland, in Abbotsford, B.C., on Wednesday, May 3, 2023. Wednesday marks the official start date of the long-awaited $34 billion Trans Mountain oil pipeline expansion project. THE CANADIAN PRESS/Darryl Dyck
EconomyInfrastructureNewsOilPoliticsTradeTransmission

Oil begins moving on $34 billion Trans Mountain pipeline expansion

Expanded pipeline from Alberta to British Columbia coast ready to transport crude oil, but with Trans Mountain open questions still remain over the...

Workers stop for lunch at the arena, one of many amenities and infrastructure projects the community of 700 has been able to finance through relationship with industry, in Fort McKay, Alta., on Thursday April 25, 2024. Chief Raymond Powder says while Indigenous communities did not have a say in developing the oilsands in the first place, now that they are here he is doing his best to take advantage of opportunities for his community. THE CANADIAN PRESS/Amber Bracke
AnalysisIndigenousInfrastructureNewsOilPolitics

First Nations hope for new chapter as Trans Mountain pipeline expands

As the Trans Mountain pipeline extension opens up, First Nation communities nearby are wondering if it brings mutual benefit or "an economic stranglehold"

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