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November 13, 2017

CALGARY — Cenovus Energy Inc. (TSX:CVE) says it is selling its majority stake in a Saskatchewan enhanced-oil recovery project to Calgary-based Whitecap Resources Inc. (TSX:WCP) for $940 million. The deal is the last on a list of four asset sales the m… Read More ➝

November 13, 2017

CALGARY — Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday. Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizon… Read More ➝

November 12, 2017

OTTAWA — Climate change talks in Germany are headed for a collision course on coal this week — and Canada is right in the middle of it. Environment Minister Catherine McKenna is arriving today in Bonn, Germany, to attend the second week of COP23, the … Read More ➝

November 11, 2017

EDMONTON — The Canadian government says it lacked the scientific evidence to determine if oilsands tailings ponds were leaking into waterways and hurting fish. But the government says it continues to work on methods to determine if chemicals associate… Read More ➝

November 10, 2017

CALGARY — Canadian Natural Resources Ltd. (TSX:CNQ) is considering adding a 30,000- to 40,000-barrel-per-day bitumen-only project to its Horizon oilsands mine to take advantage of excess ore production and pipeline capacity. The proposed project could… Read More ➝

November 10, 2017

CALGARY — The cost of looking after hundreds of wells, pipelines and other oilfield gear left behind by bankrupt Lexin Resources Ltd. has exceeded $2 million and the bills continue to roll in, says Alberta’s Orphan Well Association. The association wa… Read More ➝

November 9, 2017

CALGARY — Suncor Energy has named Mark Little as chief operating officer at the oilsands giant, shifting him from his current role as president of upstream operations. The company says he will be responsible for all operations and many of its corporat… Read More ➝

November 9, 2017

CALGARY — TransCanada Corp. said Thursday it received broad interest for space on its Keystone XL pipeline, with a final investment decision on the project possibly weeks away. The company (TSX:TRP) closed an extended bidding window for space on the p… Read More ➝

November 9, 2017

OTTAWA — The Supreme Court of Canada will hear an appeal from Alberta’s energy regulator that seeks to overturn a ruling that could allow bankrupt energy companies to walk away from cleaning up abandoned oil wells. The decision could affect industrial… Read More ➝

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 ➝