Cenovus Energy Inc has evacuated about 1,800 workers and shut down production at its Foster Creek oil sands site in Alberta as a precaution because of a nearby forest fire, the company said.
Canada’s biggest banks are on the hook for at least $478 million of the $26 billion owed to U.S. oil and gas firms that bought protection against plunging crude prices.
Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, accordi ...
The Aqaba Container Terminal Company is working with Jordan Advanced Alternative Energy and Transport Solutions (Jo-Adv) to save energy and cut emissions using the Canadian Tadger technology.
Kentz Corporation, a member of the SNC-Lavalin Group, has been awarded two sustaining capital contracts by a major oil company in the Middle East, with an anticipated combined value of over $500m.
A Canadian National Railway Co. train carrying crude oil derailed and caught fire in a remote area of northern Ontario, blocking rail traffic between Toronto and Winnipeg, Manitoba.
Repsol has entered into an agreement to acquire 100% of Canadian oil company Talisman Energy worth US$8.3 billion (EU6.64 billion) plus debt. The transaction has been unanimously approved and recommended by the board ...