Rod Nickel

Canada's Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers

2:02am IST

Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada's No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate.

Analysis: As popularity slides, Alberta's Kenney has oil pipeline riding on U.S. vote

22 Oct 2020

WINNIPEG, Manitoba/TORONTO The premier of Canada's oil-producing province Alberta is losing popularity as the pandemic deepens its economic woes, highlighting the big pipeline bet that Jason Kenney has riding on the U.S. election.

Canada's Alberta gives struggling oil and gas drillers municipal tax break

20 Oct 2020

WINNIPEG, Manitoba Struggling oil and gas companies in the Canadian province of Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines, the provincial government said on Monday.

Canadian city of Winnipeg to close bars, casinos as COVID-19 cases spike

17 Oct 2020

WINNIPEG, Manitoba Bars and casinos in the Canadian city of Winnipeg will close for two weeks and stores and restaurants will reduce their capacities to half, Manitoba health officials said on Friday, attempting to slow rising COVID-19 infections.

Canada's oil patch seeks government green aid to produce cleaner crude

15 Oct 2020

WINNIPEG/TORONTO Canada's struggling oil patch is seeking government aid to clean up its impact on the environment after the industry cut spending on green initiatives to weather the COVID-19 downturn.

Canadian province Alberta to cut up to 11,000 health jobs to save money

13 Oct 2020

WINNIPEG, Manitoba The Canadian province of Alberta, which has among the country's highest tallies of COVID-19 infections and is running one of its largest fiscal deficits, said on Monday that it would eliminate up to 11,000 government health jobs to save money.

UPDATE 1-Canadian oil and gas province Alberta aims to export hydrogen

07 Oct 2020

WINNIPEG, Manitoba, Oct 6 The Canadian province of Alberta will look to use its plentiful natural gas reserves to become an exporter of hydrogen, a clean-burning fuel, by 2040, Premier Jason Kenney said on Tuesday.

Irving Oil terminates purchase of North Atlantic Refinery Limited

07 Oct 2020

Canada-based oil refinery operator Irving Oil on Tuesday said it has terminated an agreement for the purchase of North Atlantic Refinery Limited.

U.S. oil refiners look to leapfrog Canadians in making renewable diesel

04 Oct 2020

WINNIPEG, Manitoba/NEW YORK U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada's greener fuel standard before Canadian refiners modify their own plants.

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