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.
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 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.
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.
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 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 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 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 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.