Canadian News
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July 24, 2020
CALGARY — Two of Canada’s biggest oilsands producers are taking different approaches to restoring production that was shut down during the pandemic lockdowns as signs of an economic recovery and higher oil prices emerge. Both Cenovus Energy Inc. and S… Read More ➝
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July 24, 2020
CALGARY — Trican Well Service Ltd. says Dale Dusterhoft, its president and CEO for the past 11 years, is stepping down. The Calgary-based company says Bradley Fedora will take on the role as of Sept. 1 and that Dusterhoft will continue in his position… Read More ➝
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July 23, 2020
Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices. The second quarter yielded a loss of $149 million for the Vancouver-based miner, which was forced to shut … Read More ➝
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July 23, 2020
CALGARY — The CEO of Suncor Energy Inc. says the company won’t quickly ramp up oil production despite recent higher crude prices as the North American economy begins to reopen following the easing of lockdowns from the COVID-19 pandemic. Mark Little s… Read More ➝
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July 23, 2020
CALGARY — A sharp decline in North American oilfield activity in the second quarter meant more layoffs, contract terminations and parked drilling rigs, Precision Drilling Corp. reported Thursday. The Calgary-based company reported a net loss of $48.9 … Read More ➝
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