EnergyNow News and Press Releases

November 9, 2017

CALGARY — Tourmaline Oil Corp. (TSX:TOU) says it is cutting its 2018 capital spending budget by half a billion dollars because of persistently low natural gas prices. The Calgary-based oil and gas company says it will dial back production growth to 10… Read More ➝

November 9, 2017

CALGARY — TransCanada Corp. earned $612 million in its latest quarter compared with a loss a year ago. The pipeline company (TSX:TRP) says the profit amounted to 70 cents per share for the quarter ended Sept. 30. That compared with a loss of $135 mill… Read More ➝

November 8, 2017

VANCOUVER — A non-profit group has abandoned a legal challenge of the Trans Mountain pipeline project in British Columbia, saying losing the case could bankrupt the organization. Duff Conacher of Democracy Watch says the advocacy group decided to with… Read More ➝

November 8, 2017

CALGARY — Encana Corp. (TSX:ECA) has no plans to spend more to increase production despite recent world oil price increases linked to unrest in Saudi Arabia, CEO Doug Suttles said Wednesday.  He said the Calgary-based oil and gas company, which has a … Read More ➝

November 8, 2017

OTTAWA — The single biggest element of Canada’s national emissions reduction plan might not be unveiled on time. A year ago, the federal government announced plans to develop a national clean fuels standard to reduce harmful emissions. It was supposed… Read More ➝

November 7, 2017

CALGARY — Natural gas processor and transporter Keyera Corp. (TSX:KEY) saw its profits swing lower in its latest quarterly report released Tuesday after markets closed. The Calgary-based company saw its net earnings fall to $38 million or 20 cents per… Read More ➝

November 7, 2017

OTTAWA — The National Energy Board says it will not expedite the process to determine if the city of Burnaby, B.C. is deliberately obstructing construction of the expanded Trans Mountain Pipeline by refusing to issue necessary construction permits. Th… Read More ➝

November 7, 2017

CALGARY — Canadian Natural Resources Ltd. (TSX:CNQ) is throttling back capital spending in 2018, but plans to increase production to more than one million barrels of oil equivalent per day. Western Canada’s largest heavy oil and natural gas producer s… Read More ➝

November 7, 2017

VANCOUVER — Finning International Inc. says it earned $52 million in its latest quarter, up from $36 million a year ago, as revenue improved 16 per cent. The heavy equipment dealer (TSX:FTT) says the profit amounted to 31 cents per share, up from 22 c… Read More ➝

November 6, 2017

EDMONTON — Alberta Premier Rachel Notley is to go on tour later this month to stump for the Trans Mountain pipeline, but is resisting opposition calls to wield a big stick against its opponents. Notley is to speak in Toronto, Ottawa, Vancouver, Calgar… Read More ➝