Oil and Gas Product News

Cenovus has released new updates to its 2022 budget, strategy and five-year plan that focus on operating strength, capital discipline and leadership in environmental, social and governance issues. The company also emphasized its commitment to

Canada's Competition Bureau, the independent law enforcement agency meant to ensure that Canadian businesses and consumers prosper in a competitive and innovative marketplace, is challenging GFL Environmental Inc.'s recent purchase of Terrapure

Cenovus is shifting its overall focus and offloading some assets that came with its acquisition of Husky, announcing the sale of its Husky retail fuels network along with the Wembley assets in its Conventional business for a total of $660 million.

The Commission of the Canada Energy Regulator did not approve Enbridge's application to enter into long-term contracts on the Canadian Mainline pipeline for 90 percent of the system's capacity. The Commission noted that the proposal would have caused

The Baker Hughes weekly rig report for the U.S. Thanksgiving week showed that both the U.S. and Canada continue to add operating drill rigs, and that both countries continue to be well ahead of 2020's rig counts.