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United Kingdom

Shradha Singh

Enbridge to file for pipeline overhaul after regulatory halt

08 Nov 2019

Enbridge Inc, said on Friday it plans to seek the Canada Energy Regulator's approval to auction off rights to ship crude on its Mainline system, more than a month after the watchdog said the company will not be allowed to offer contracted space on the pipeline to shippers.

Keystone pipeline likely back online in weeks, oil producer Canadian Natural says

07 Nov 2019

The Keystone crude oil pipeline may return to service within a couple of weeks, based on past spills, the president of Canadian Natural Resources Ltd, the country's biggest oil producer, said on Thursday.

Phillips 66 profit beats on higher fuel margins, shares jump

25 Oct 2019

Phillips 66 beat analysts' estimates for quarterly profit on Friday, as the refiner benefited from higher retail fuel margins, sending its shares up 4.4% to their highest in more than a year.

UPDATE 1-Trans Mountain pipe expansion in question after Trudeau minority

22 Oct 2019

Oct 22 Analysts questioned the fate of the long-delayed Trans Mountain pipeline expansion on Tuesday after Canadian Prime Minister Justin Trudeau retained power but failed to win a majority, forcing him to seek the support of left-leaning parties opposed to new oil pipelines.

UPDATE 2-Parsley Energy to buy Jagged Peak in $1.62 bln shale expansion

14 Oct 2019

Oct 14 U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock deal valued at $1.62 billion, adding acreage in an oil-rich part of the top U.S. shale basin.

Shopify raises revenue forecast on higher e-commerce demand

01 Aug 2019

Shopify Inc on Thursday raised its full-year revenue forecast and reported a better-than-expected quarterly profit, as the Canadian e-commerce company's investments to attract customers paid off.

Canadian National Railway profit beats on higher crude, grain shipments

24 Jul 2019

Canadian National Railway Co beat analysts' estimates for quarterly adjusted profit on Tuesday, as the country's largest railroad operator shipped higher volumes of crude, refined petroleum products and grains.

Canadian Pacific beats on higher crude shipments, cost control

16 Jul 2019

Canadian Pacific Railway reported a better-than-expected adjusted quarterly profit on Tuesday, as the country's second-largest railroad operator controlled costs and earned more from moving crude, chemicals as well as plastics.

Restaurant Brands to boost outlets by 54% in 8-10 years

15 May 2019

Restaurant Brands International Inc said on Wednesday it plans to expand all three of its brands to more than 40,000 restaurants globally, a 54% jump, over the next decade.

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