Oil & Gas and Mining News

CALGARY — Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP.

FORT MCMURRAY — An insulation company has been fined $210,000 in the death of a worker who fell through a roof at an Alberta oilsands facility.

The chief executive of Imperial Oil Ltd. says he is encouraged by discussions with the federal government regarding support for industry projects, as the company reported second-quarter results.

CALGARY — Oilsands producer MEG Energy Corp. says its profits fell during the second quarter compared with a year earlier.

Cenovus Energy Inc.

TC Energy Corp. says it sees rising demand for natural gas pipelines in the future as it reported an increase in second-quarter profit from a year earlier, despite a complex macroeconomic backdrop.

CALGARY — Precision Drilling Corp. says the outlook for its business is improving enough for it to reverse cuts to its capital spending program it had made amid economic uncertainty earlier this year — and further increase it.

CALGARY — Pembina Pipeline Corp. says it has reached a settlement with shippers on fees and revenue sharing for its Alliance pipeline.

CALGARY — Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results. The Calgary-based oil and gas producer says net income was $310.

CALGARY — Enbridge Inc. is adding to its renewable energy portfolio with a US$900-million solar project in Texas that will supply the data centre operations of Meta Platforms Inc.