Oil & Gas and Mining News

CALGARY — Canada's largest oil and gas producer is postponing the start of production from some of its planned new natural gas wells due to persistent low prices. Canadian Natural Resources Ltd.

CALGARY — The CEO of Cenovus Energy Inc. said the company's recent debt repayment milestone will not mean changes to its near-term strategy.

CALGARY — Canada's largest drilling rig contracting company has seen such surprising growth in customer demand after the opening of the Trans Mountain pipeline expansion that its CEO believes a rig shortage could be possible by next year.

ST. JOHN'S, N.L. — Fortis Inc. says it earned $331 million in its second quarter as it saw strength in its Arizona business and benefited from new customer rates at Tucson Electric Power. The St. John's, N.L.

CALGARY — Precision Drilling Corp. says its earnings for the second quarter declined 23 per cent year-over-year to $20.7 million, down from $26.9 million. Revenue for the quarter was $429.2 million, up from $425.

CALGARY — TC Energy Corp. is selling a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities for $1 billion.

HALIFAX — Six clean electrical energy projects in Nova Scotia are receiving more than $192 million in federal funding as the province pushes to get off coal by 2030.

CALGARY — Trans Mountain Corp. says CEO Dawn Farrell will become chair of the company's board Sept. 1.

MONTREAL — Environmental activists have caused disruptions outside Montreal Trudeau International Airport for three consecutive days protesting Canadian fossil fuel policy. On Friday around 12:30 p.m.

CALGARY — MEG Energy announced a quarterly dividend of 10 cents per share as it reported earnings of $136 million, saying a successful start-up of the Trans Mountain pipeline expansion has helped generate better prices for its oil.