Oil & Gas and Mining News

CALGARY — Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion. The company says once the deals are complete it will be a pure-play heavy oil company.

OTTAWA — Statistics Canada says manufacturing sales fell 1.4 per cent in March to $71.9 billion as sales fell in the primary metal and petroleum and coal product subsectors. The agency says sales of primary metals fell 6.5 per cent to $5.

CALGARY — Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.

VICTORIA — B.C. Premier David Eby said a trade mission to Asia next month will help the province become the "engine of a new Canada," but an economist says B.C. also needs to take steps at home to become more competitive.

OTTAWA — Canadian Culture Minister Steven Guilbeault said Wednesday Canada needs to maximize its use of existing pipelines before building more — a day after Prime Minister Mark Carney indicated an openness to new pipeline construction.

TORONTO — Ontario's electricity is now being produced with the highest percentage of greenhouse-gas-emitting power since coal plants were operating in the province.

EDMONTON — Alberta Premier Danielle Smith says picking Julie Dabrusin as Canada’s environment minister is a bad idea that forecasts renewed federal opposition to her province's wellspring oil and gas industry.

ST. JOHN'S — A Newfoundland and Labrador mayor says his region is facing a transition period after a massive concrete platform was towed out of the town last week, on its way to an offshore oilfield. Keith Pearson, mayor of Placentia, N.L.

CALGARY — Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U.S. relations and amped-up resource nationalism. The US$9.

EDMONTON — The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta's government opening the door to a separation referendum.