The oilsands sector is within danger of losing its reputation like a job-creating machine. How the Trudeau government helps Saudi Arabia's scheme to sideline Canadian oil Allan Richarz: By tightening the screws on domestic production while seeing an increase in Saudi-originating imports, we’re helping accelerate our very own energy sector’s decline Read more A new industry report shows the sector ...

With the pain sensation of rock-bottom oil prices leaving producers increasingly desperate, Saudi Arabia now agreed in principle with Russia, to freeze oil output at January levels D essentially paying lip service to the notion of price stabilization, given that January’s oil output was near a record high. Riyadh’s tepidness towards shoring up oil prices raises a question: Why are ...

With Ontario’s 2016 budget set to land in a few days, all eyes are on how the province plans to balance the remaining $7.5-billion deficit after next fiscal year. But a brand new report is providing a different narrative, in hindsight at how the provincial deficit ballooned to that particular amount in the first place and suggesting it might possess ...

Saudi Arabia and Russia have taken the initial step to stem the slide in oil prices. There’s only one problem: If they’re successful – and that’s a large if – the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With 4,000 wells drilled and merely waiting for better prices to become triggered stream, the so-called fracklog could ...

In the wake of NewLeaf Travel Co.’s failed attempt to launch service recently, Canada Jetlines Ltd. revealed Wednesday intends to go public because it aims to be the first ultra-low-cost airline out of the gate. Jetlines can place around the TSX Venture Exchange inside a reverse takeover of Jet Metal Corp., a junior uranium explorer, with the dpo expected to ...

An Ontario Securities Commission study has found “material” insider reporting deficiencies in approximately 70 per cent from the 1,500 issuers reviewed. “Overall, the review discovered that the compliance rate for insider reporting can be substantially improved, and that this improvement must happen across all reporting issuers,” the commission produced in a news release. Approximately 200 reporting insiders filed new insider reports to ...

CALGARY – With one in six people utilized by the gas and oil industry unemployed, the country’s largest drilling association has launched an offer to get the attention of federal and provincial politicians. Canadian Association of Oilwell Drilling Contractors president Mark Scholz said Wednesday that 100,000 people directly and indirectly employed by the gas and oil industry have finally lost ...

Barrick Gold Corp. has set aggressive new targets for debt and cost reduction as it looks to continue momentum following a largely successful 2015. However, the Toronto-based mining giant also offered up declining production guidance over the years to come. That underscores the difficulties facing the whole gold mining industry, that has been burning this season as prices have jumped. ...