Edition:
United Kingdom

Arundhati Sarkar

Gold miner SSR to buy Alacer in $1.7 billion deal as bullion prices surge

11 May 2020

Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.

Canadian Natural swings to loss, slows output as oil prices slump

07 May 2020

Canadian Natural Resources Ltd posted a quarterly loss on Thursday compared with a year-ago profit, hurt by the sharp decline in oil prices caused by the novel coronavirus outbreak and a price war between Saudi Arabia and Russia.

Gold price boosts Barrick profit as miner eyes copper deals

06 May 2020

Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up mines including in copper, its chief executive said.

UPDATE 3-TC Energy's Keystone XL pipeline could see 1-year delay after U.S. court setback

01 May 2020

May 1 TC Energy Corp could face up to a one-year delay building the Keystone XL oil pipeline after a U.S. legal setback, and is looking at options to keep work progressing, a company executive said on Friday.

Oil cuts keeping Canada storage levels in check, producers say

29 Apr 2020

Cuts to Alberta's oil production have been large enough to avoid filling storage tanks to the brim as the coronavirus pandemic slashes demand from refiners, two of Canada's largest crude producers said on Wednesday.

Canadian oil shares bounce modestly, Cenovus cuts spending

10 Mar 2020

CALGARY, Alberta Shares of Canadian energy companies recovered some of their losses on Tuesday, but hovered around their weakest levels in a decade, and Cenovus Energy Inc , one of the country's largest producers, slashed spending.

UPDATE 2-Canadian oil shares bounce modestly, Cenovus cuts spending

10 Mar 2020

CALGARY, Alberta, March 10 Shares of Canadian energy companies recovered some of their losses on Tuesday, but hovered around their weakest levels in a decade, and Cenovus Energy Inc, one of the country's largest producers, slashed spending.

Apache gains on surprise profit, lower Alpine High spending plans

27 Feb 2020

Apache Corp rose nearly 10% on Thursday as the oil and gas producer reported a surprise profit for the quarter and forecast lower 2020 spending, with plans to shift capital away from its Alpine High project in the face of falling oil prices.

Apache gains on surprise profit, lower Alpine High spending plans

27 Feb 2020

Feb 27 Apache Corp rose nearly 10% on Thursday as the oil and gas producer reported a surprise profit for the quarter and forecast lower 2020 spending, with plans to shift capital away from its Alpine High project in the face of falling oil prices.

Agriculture companies say will cooperate in Canadian antitrust probe

07 Feb 2020

Major agriculture companies said on Thursday they would cooperate with a Canadian Competition Bureau antitrust probe sparked by allegations that certain businesses tried to block an online farm-supply startup from operating in Western Canada.

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