With its balance sheet improving, strong financial metrics as commodity prices hold strong and operations performing well, Cenovus Energy Inc. isn’t ruling out dipping its toe into an increasingly tight North American merger and acquisition (M&A) and disposition market.
Suncor Energy Inc.’s management and board says it will “carefully assess” recommendations made by Elliott Investment Management L.P.
While Whitecap Resources Inc. has pulled the trigger on a number of merger and acquisition transactions over the past 18 months, current market conditions might make it difficult to enact more deals, says president and CEO Grant Fagerheim.
Elliott Investment Management L.P., which manages funds that have made an investment representing approximately a 3.4 per cent economic interest in Suncor Energy Inc., has sent a letter and presentation to the board of directors of Suncor.
Benefitting from recent acquisitions and strong commodity prices, Whitecap Resources Inc. says operational and financial momentum continued in Q1 with record-setting results achieved on many levels.
AltaGas Ltd. reported global export volumes during the first quarter of 2022 of approximately 88,000 bbls/d of LPGs to Asia, spread across 14 Very Large Gas Carriers (VLGCs).
Precision Drilling Corporation began the process of implementing price increases more than a year ago, says president and chief executive officer Kevin Neveu, but customer resistance to these changes remains a challenge.
Interest in the development and deployment of Small Modular Reactors (SMRs) continues to gain traction due to their size, design and the potential to help reduce greenhouse gas emissions.
GeoVerra is providing construction and legal survey services for the first 140 km of the Coastal GasLink route near Chetwynd, British Columbia. Starting in July of 2020, the Coastal GasLink site surveys for construction are slated until the end of 2022 with ongoing survey support for clean up and legal surveys through the summer of 2023.
Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
In the second quarter, Precision Drilling Corporation will be mobilizing an EverGreen grid-powered Super Triple rig to drill an exploratory geothermal well on Cornell University’s Ithaca campus as part of Cornell’s Earth Source Heat project.
SECURE Energy Services Inc. expects sustaining capital in 2022 to be $55 million, including capital expenditures related to landfill expansions of $15 million.
Canadian Pacific Railway Limited is seeing a strong, supportive macroeconomic environment, says executive management, and the company expects to build positive momentum through the rest of the year — following a difficult first quarter.
A 71 per cent increase in coal shipments and six per cent increase in petroleum and chemical shipments were major bright spots in Canadian National Railway Company’s first quarter 2022 results, the company reported Tuesday afternoon.
CNOOC Limited has made changes to its board of directors and senior management team.
Pason Systems Inc. generated $74.5 million in revenue in the first quarter of 2022, representing a 75 per cent increase from the $42.6 million generated in the first quarter of 2021 as drilling activity improved significantly across Pason's operating regions.
Whitecap Resources Inc. announced this morning that Chandra Henry will stand for election as an independent director to its board of directors at the upcoming annual and special meeting of the shareholders on May 18, 2022.
North American Construction Group Ltd. grappled with heavy-equipment technician shortages during the first quarter — workers required to maintain equipment. Along with issues of general workforce availability in January due to high case counts of the COVID-19 Omicron variant, the company experienced impacts to its quarterly results.
Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, signed the production sharing contract (PSC) to formally acquire a 25 per cent stake of the Atapu field.