Oil & Gas and Mining News

CALGARY — Canadian Natural Resources Ltd. says its acquisition strategy is focused on cash flow as it closed multiple purchases in recent months and reported profits rose in the second quarter.

Pipeline operator South Bow Corp. says it expects an in-depth report out in September on a recent pipeline leak, but so far it doesn't see it indicating wider problems on its Keystone pipeline.

TORONTO — Ontario is taking a step toward planning new pipelines to bring Alberta oil and gas to the province for refining, issuing a request for proposals today for a feasibility study.

Suncor Energy Inc. managed to squeeze more oil out of its operations in the second quarter while also completing multiple major projects, but its earnings couldn't escape lower global oil prices. The oilsands producer posted a profit of $1.

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.

The head of Enbridge Inc. says he's encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home.

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

OTTAWA — Canada's economy contracted for a second straight month in May even as some sectors held up in the face of U.S. tariffs. Real gross domestic product fell 0.1 per cent in May, Statistics Canada said Thursday, matching the decline in April.