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Resources & Agriculture

Suncor Energy selling North Sea offshore assets in deal valued at $1.2B

Suncor Energy selling North Sea offshore assets in deal valued at $1.2B

CALGARY — Suncor Energy Inc. has signed a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion. Suncor interim chief executive Kris Smith says the decision to sell the U.K.
Local scientists, fishermen laud decision to shut down ‘problematic’ Discovery Islands fish farms

Local scientists, fishermen laud decision to shut down ‘problematic’ Discovery Islands fish farms

Fisheries minister Joyce Murray reaffirmed a prior decision last month not to renew 15 open-net salmon farm licenses in the region
Canfor reports profit of $880M for 2022

Canfor reports profit of $880M for 2022

Downturn in final quarter of the year prompted mill curtailments and closures across northern B.C.
Crescent Point continues to grow production in Kaybob Duvernay

Crescent Point continues to grow production in Kaybob Duvernay

CALGARY — Crescent Point Energy Corp. says its $900-million acquisition of Shell Canada's Kaybob Duvernay assets in 2021 has performed so well that the assets will have paid for themselves by the end of the first quarter of 2023.
Alberta producers await beef competitiveness study

Alberta producers await beef competitiveness study

A long-awaited beef competitiveness study will soon be made public, according to the general manager of Alberta Beef Producers.
Canfor Pulp lost $42.9M in 2022

Canfor Pulp lost $42.9M in 2022

Supply chain disruptions, fibre shortages and the closure of P.G. Pulp and Paper pulp line contributed to the loss.
Canadian Natural Resources' Q4 profit down from year ago; extreme cold affects output

Canadian Natural Resources' Q4 profit down from year ago; extreme cold affects output

CALGARY — Canadian Natural Resources Ltd.'s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.
Why central banks bought record amounts of gold

Why central banks bought record amounts of gold

World Gold Council chairman expects rise in gold price in 2023
Enbridge CEO hopes for more carbon capture support in upcoming federal budget

Enbridge CEO hopes for more carbon capture support in upcoming federal budget

CALGARY — Enbridge Inc. is hoping to see more incentives for carbon capture and storage announced in the upcoming federal budget, the CEO of the energy infrastructure giant said Wednesday.
Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

CALGARY — A U.S. Gulf Coast gas storage facility and a stake in a company developing fuel from waste food are among a string of new investments announced by Canadian energy giant Enbridge Inc. on Wednesday.
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