Petro-Canada

Syncrude reaches royalty deal

NORVAL SCOTT From Wednesday's Globe and Mail CALGARY — Syncrude Canada Ltd., which operates Canada's single largest oil sands project, has reached a new royalty deal with the provincial government that brings it more in line...

Spain's Repsol SA partners with Husky, Petro-Canada to explore offshore N.L.

CALGARY - Spanish oil and gas producer Repsol YPF S.A. has bought exploration rights off the shores of Newfoundland and Labrador, partnering with two big Canadian names that are already active on the ...

Canadian Oil Sands Suffer From Low Oil Prices

Canada's booming oil sands industry showed more signs of cooling off Monday as crude prices continued their long plummet from record summer highs. Petro-Canada and its partners Teck Cominco Ltd. and UTS Energy Corp. postponed a...

Fort Hills latest oil-sands casualty

LARRY MACDOUGAL/CP FILE PHOTO Tar-sands operators are being squeezed by high costs and falling crude-oil prices, prompting companies to scale back development plans. Energy Reporter Alberta's $24 billion Fort Hills oil-sands...

StatoilHydro says awarded two Canadian licences

OSLO, Nov 18 (Reuters) - Norwegian oil and gas group StatoilHydro said on Tuesday it had been awarded an interest in two exploration licences offshore Canada. The company will operate one of the licences, it said. The first...

Markets fall on Citigroup, weakening economy

David Friend THE CANADIAN PRESS The Toronto stock market ended today at its lowest level in three weeks after oil prices tumbled and banking giant Citigroup announced another round of devastating job cuts. The Canadian dollar...

Further signs of stress in Canada's oil sands

Canada's booming oil sands industry showed more signs of cooling off Monday as crude prices continued their long plummet from record summer highs. Petro-Canada and its partners Teck Cominco Ltd. and UTS Energy Corp. postponed a...

CANADA STOCKS-TSX tumbles on financials, commodities

By Jennifer Kwan TORONTO, Nov 17 (Reuters) - The Toronto Stock Exchange's main index sank nearly 3 percent on Monday as financial services and commodity-related issues were pulled down by gloomy sentiment from a faltering world...

Petrocan syndicate puts Fort Hills on ice

NORVAL SCOTT From Tuesday's Globe and Mail CALGARY — The Fort Hills oil sands project was going to turn Petro-Canada into a contender. Its 140,000 barrels a day of new crude output would end years of underperformance. No longer...

Hitmen to host Prince Albert on Friday

Western Hockey League (WHL) Calgary Hitmen HITMEN HEADLINES: The Calgary Hitmen, riding a season high eight game winning streak, are back in the Pengrowth Saddledome Friday night to host the Prince Albert Raiders. The Hitmen...

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