Oil & Gas and Mining News

CALGARY — Oilsands producer MEG Energy Corp. says its first-quarter profits more than doubled from a year earlier.

CALGARY — Oilsands giant Suncor Energy Inc. says said it had its strongest-ever first-quarter performance in its production, refining and refined product sales segments.

CALGARY — Whitecap Resources Inc. is on track to join forces with Veren Inc. next week after shareholders of both companies gave their blessing for the $15-billion deal.

TORONTO — Canada's main stock index ticked higher on Tuesday amid strength in the energy sector while U.S. stock markets fell. The S&P/TSX composite index was up 21.20 points at 24,974.

EDMONTON — Alberta Premier Danielle Smith says she will hold a referendum on provincial separation next year if citizens gather the required signatures on a petition.

CALGARY — A judge has sided with Parkland Corp. in its last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.1-billion takeover by Sunoco LP at the same time they elect a board of directors.

LAVAL — Several candidates for the leadership of the Quebec Liberal Party say they're open to fossil-fuel projects in the province as a means to boost Canada's energy independence. In Laval, Que.

CALGARY — Imperial Oil Ltd. said frigid weather was to blame for reduced output at its Kearl oilsands mine in northeastern Alberta during the first quarter, but that it's since recovered to deliver strong April production.

SQUAMISH — Woodfibre LNG says it is hoping to add a second "floatel" at its project site near Squamish, B.C., to house as many as 900 workers for its liquefied natural gas project.

EDMONTON — Alberta's government is seeking a court ruling on the constitutionality of Ottawa's clean electricity grid regulations. The regulations, finalized late last year, lay out a plan to decarbonize electricity grids across Canada by 2050.