EIG buys into Repsol Upstream for $5bn
Investment group EIG is buying a 25% stake in Repsolโs upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
Investment group EIG is buying a 25% stake in Repsolโs upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
BP is selling off its oilsands project in Canada under a deal with Cenovus Energy, which will see it paid in cash and a stake in the offshore Bay du Nord project.
Canada has energy resources of a scale that its neighbour next door covets and guzzles with abandon. There is a great deal of mutual cross-border dependence but it wasnโt always that way.
Interest in carbon capture is growing as companies and countries work to decarbonise operations and Delta CleanTech (CSE:DELT, FRA: 66C) is keen to seize the opportunity.
Clean energy is coming to Canadaโs oil patch.
Northern Petroleum today confirmed a deal to acquire production wells and facilities located within the area of its existing Rainbow assets in Alberta.
A half-finished oil sands power plant in Canada that was abandoned by energy giant Royal Dutch Shell has been snapped up by a new buyer.
Japan Petroleum Corporation (Japex) said it plans to delay the launch of its Hangingstone oil sands expansion in Alberta by a few months.
Devon Energy said it has completed the sale of its 50% ownership interest in the Access Pipeline to Wolf Midstream.
Suncor Energy Inc. posted a loss in the second quarter after wildfires curtailed output from its oil-sands operations in northern Alberta, eclipsing a recovery of crude prices.
Husky Energy said it has closed a transaction to create a new partnership which will assume ownership of select midstream assets in the Alberta and Saskatchewan region.
Alberta firefighters successfully defended Suncor Energy and Syncrude Canada oil-sands sites from wildfires as rain brought some relief and the blaze that shut more than a million barrels a day of production in Canadaโs oil patch expanded in other directions.
Albertans who fled the wildfire devastation in the oil-sands community of Fort McMurray can tentatively expect to return in a couple of weeks, while the blaze still rages elsewhere in the region and major production sites remain shut.
Plans to bring back more than 1 million barrels a day of lost production in Canadaโs oil sands are being delayed as wildfires sweeping across northern Alberta threaten operations again, prompting Suncor Energy Inc. to evacuate three sites it was restarting.
Authorities in Alberta, Canada, have launched an app offering residents of wildfire-ravaged Fort McMurray a view of their damaged homes.
Northern Petroleum said it has doubled production in the last three months and is looking to process much higher volumes from its Canadian assets.
The massive wildfires that swept through Canadaโs energy hub of Fort McMurray left about 85 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods.
Wildfires raging through Alberta have spread to the main oil-sands facilities north of Fort McMurray, knocking out an estimated 1 million barrels of production from Canadaโs energy hub. Fire officials say the out-of-control inferno may keep burning for months without significant rainfall.
Long before the oil era, Fort McMurray first flourished as a fur trading hub tucked in a valley of northern Canadaโs boreal forest. Even then, the areaโs shiny black soil stood out.
A massive, raging wild fire has forced the evacuation of three more communities south of Canadaโs main oil sands city.
A fire fueled by shifting winds that forced more than 80,000 people to flee their homes and disrupted oil-sands operations in Western Canada is poised to expand.
Up to 80,000 residents are being told to evacuated the entire city of Fort McMurray, Alberta, under a mandatory evacuation order because of an uncontrolled wildfire that is rapidly spreading.
Albertaโs largest-ever evacuation from a wildfire has forced tens of thousands people to flee Fort McMurray and prompted Suncor Energy Inc. to reduce output in Canadaโs main oil-sands region.
Chevron Canada Properties has sold off one of its Alberta subsidiaries to Amphora Canada Gas Storage for an undisclosed amount.
A worker who fell 20metres to his death at a TransCanada work site in northern Alberta has been identified.