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November 15, 2017

CALGARY — Obsidian Energy Ltd. says it has reached a US$8.5-million settlement with the U.S. Securities and Exchange Commission over fraud-related charges filed earlier this year. The SEC had alleged the company and three executives participated in a … Read More ➝

November 15, 2017

CALGARY — The new CEO of Cenovus Energy Inc. (TSX:CVE) says he will focus on paying down debt through asset sales as he works to regain the trust of investors. Alex Pourbaix, 52, says he wants to ensure the Calgary-based company produces oil and gas t… Read More ➝

November 14, 2017

Canada’s drive to shut down all of its coal-fired power plants by 2030 could be undermined by provincial side-deals like the one currently being negotiated with Nova Scotia, critics say. “A 2030 date, overall for Canada, is achievable and ambitious — … Read More ➝

November 14, 2017

ST. JOHN’S, N.L. — Newfoundland and Labrador will target big spending in health, education and by the Crown corporation overseeing the bloated Muskrat Falls project as its deficit mounts. The province is now expecting a deficit of $852 million this fi… Read More ➝

November 13, 2017

LINCOLN, Neb. — A decision on the last major regulatory hurdle for TransCanada (TSX:TRP) in its nine-year quest to complete the Keystone XL pipeline will be made next week. The Nebraska Public Service Commission says in statement that a vote on the ap… Read More ➝

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 ➝