OTTAWA - A regional breakdown of economic performance suggests Canada's two economies drifted even further apart in 2013.Statistics Canada says in a new report that economic output improvement last year was heavily slanted toward resource-rich regions.The gap between the West and the rest was even more pronounced, said Bank of Montreal economist Robert Kavcic, widening to almost two full percentage points.Saskatchewan, which also benefited from a bump in the agriculture sector, posted a 4.8 per [Read more]
Suncor: Decision on Montreal coker coming late this year or early next
CALGARY - A project that would enable Suncor Energy Inc.'s Montreal refinery to process thick, tarry oilsands bitumen from Alberta could get the green light later this year or early in 2015, CEO Steve Williams said Tuesday. The Montreal coker project is just one way Suncor is looking to cut crude costs at the refinery, which has long relied on pricey overseas imports. "I expect to have on my desk by the end of this year the proposal for the coker project, so we'll be in a much clearer [Read more]
Oil futures edge higher as investors weigh Russia sanctions
The price of oil crept higher on Tuesday as investors weighed sanctions by the U.S. and allies against Russia over Ukraine.Benchmark U.S. crude for June delivery rose 18 cents to US$101.02 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 24 cents to settle at $100.84 on Monday.Brent crude, an international benchmark used to price oil used by many U.S. refineries, rose 37 cents to $108.37 in London. It was rebounding after tumbling $1.46, or 1.3 per cent, the [Read more]
Oilsands giant Suncor sees profits soar on improved market access for crude
CALGARY - Oilsands giant Suncor Energy Inc. (TSX:SU) has posted record operating earnings as it was able to get more of its crude to market by pipeline and rail.The Calgary-based company says operating earnings were more than $1.79 billion, or $1.22 per share — widely beating the average analyst expectation of 93 cents, according to estimates compiled by Thomson ReutersA year earlier, Suncor had operating earnings of $1.37 billion, or 90 cents per share.Operating revenues, net of royalties, were [Read more]
Oil rebounds as Ukraine crisis deepens and more sanctions loom
The price of oil rebounded above US$101 per barrel Monday as mounting tensions in Ukraine raised the likelihood of further western economic sanctions against major energy producer Russia. Benchmark U.S. crude for June delivery gained 42 cents to $101.02 on the New York Mercantile Exchange. Oil had finished last week with a decline of $3.70 a barrel, or 3.5 per cent, to $100.60. Brent crude, an international benchmark for oil, rose 23 cents to $109.81 on the ICE Futures exchange in [Read more]
Drilling rigs off Newfoundland disconnect from wells due to approaching icebergs
ST. JOHN'S, N.L. - The Canada-Newfoundland and Labrador Offshore Petroleum Board says two drilling rigs off Newfoundland's coast have disconnected their wells due to approaching icebergs. The board's Twitter account said Sunday the Henry Goodrich and West Aquarius safely disconnected from their wells as a precaution. Spokesman Sean Kelly says the move is required under the ice management plans of the operators. The Canada-Newfoundland and Labrador Offshore Petroleum Board regulates the [Read more]
Energy Dept. welcomes firm’s pledge to reveal fracking chemicals, but Halliburton won’t commit
PITTSBURGH - The U.S. Department of Energy said Friday that it welcomes the decision by oil and gas industry supplier Baker Hughes to disclose all chemicals in hydraulic fracturing fluid. But Halliburton, a major competitor in the field, isn't committing to such disclosure.Deputy Assistant Energy Secretary Paula Gant said that Baker Hughes' move "is an important step in building public confidence" and the department "hopes others will follow their lead."The oil and gas industry has said the [Read more]
Crude oil price eases after rising to near $102 a barrel on Ukraine uncertainty
LONDON - The price of oil declined below US$101 per barrel after disappointing earnings in the U.S. on Friday, having earlier risen on worries about the tensions in Ukraine.Benchmark U.S. crude for June delivery shed $1.07 to $100.87 on the New York Mercantile Exchange. Brent crude, an international benchmark for oil, gave up 27 cents to $110.06 on the ICE Futures exchange in London a day after gaining $1.22.Ukraine is going through its biggest political crisis since the fall of the Soviet [Read more]
Crude oil rises to near US$102 a barrel on Ukraine uncertainty
The price of oil rose to near US$102 a barrel Thursday on worries about tensions in Ukraine. Benchmark West Texas Intermediate crude for June delivery rose 50 cents to close at US$101.94 a barrel on the New York Mercantile Exchange. Brent crude, an international benchmark, gained $1.22 to US$110.33 a barrel on the ICE Futures exchange in London. Ukraine is going through its biggest political crisis since the fall of the Soviet Union. Ukrainian forces launched an operation Thursday to drive [Read more]
WATCH: Self-described ‘Cowboys and Indians’ march against Keystone XL in Washington
Ranchers, farmers and aboriginal groups are protesting the Keystone XL pipeline together in Washington this week. The Obama administration has delayed a decision on the Alberta-Texas pipeline, possibly until next year. Watch the video courtesy Canadian Press: [Read more]
- « Previous Page
- 1
- …
- 424
- 425
- 426
- 427
- 428
- …
- 487
- Next Page »