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☆ Norway's Equinor nears deal to buy Suncor's UK oilfields
▼ + stars: | 2023-03-01 | by ( Ron Bousso | ) www.reuters.com time to read: +2 min

LONDON, March 1 (Reuters) - Norway's Equinor (EQNR.OL) is close to reaching a deal to buy Suncor Energy's (SU.TO) British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday. The deal includes Suncor's 40% stake in the Equinor-operated offshore Rosebank oil and gas project, located some 130 km (80 miles) northwest of Shetland Islands, and one of the largest developments in the ageing basin. Equinor, which already owns 40% of Rosebank, had previously estimated the project's cost at about 4.3 billion pounds ($5.22 billion). The windfall tax led many companies, including Equinor, to warn that they could reduce their UK North Sea investments. The acquisition of the Suncor assets gives Equinor a large amount of tax losses that it could use to offset future investments in the basin, the sources said.

☆ NHL roundup: Connor McDavid's 49th, 50th goals can't stop Bruins
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +4 min

Edmonton's Connor McDavid scored twice for the first 50-goal season of his NHL career. Rantanen has goals in five straight games and MacKinnon recorded at least a point in his eighth consecutive game. Andrei Kuzmenko scored the winner 48 seconds into the overtime for the Canucks, who are 3-1-1 in their past five games. Isac Lundestrom, Jakob Silfverberg and Troy Terry also scored goals for the Ducks, with Silfverberg recording his 150th in an Anaheim uniform. Tyler Johnson and Andreas Athanasiou each scored goals for the Blackhawks, who saw their season-best five-game winning streak come to an end.

☆ Exclusive: Canada's Baytex Energy nears $2.5 bln deal for U.S. peer Ranger Oil -sources
▼ + stars: | 2023-02-28 | by ( David French | ) www.reuters.com time to read: +1 min

Feb 27 (Reuters) - Canadian oil and gas producer Baytex Energy Corp (BTE.TO) is nearing a deal to acquire U.S. peer Ranger Oil Corp (ROCC.O) for around $2.5 billion including debt, people familiar with the matter said on Monday. Calgary, Alberta-based Baytex will pay a mixture of cash and stock to buy Ranger at a small premium to its current market value of $1.8 billion. Baytex and Ranger did not immediately reply to requests for comment. Baytex's deal would add to the run of Canadian energy operators seeking to boost the amount they produce south of the border. Enerplus Corp (ERF.TO) completed in December the sale of its Canadian operations, leaving it with assets in North Dakota and Pennsylvania.

☆ Brazil to halt beef exports to China after mad cow disease case
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 22 (Reuters) - Brazil's beef exports to China will be halted starting Thursday after a case of mad cow disease was confirmed in the northern state of Para, the country's agriculture and livestock ministry said on Wednesday. The suspension is part of an animal health pact previously agreed between China and Brazil and is expected to be temporary. It is a blow to Brazilian farmers, as China is the main destination for Brazil's beef exports. A case of the disease, formally called bovine spongiform encephalitis, was confirmed earlier by Para's agricultural defense agency. In 2021, two cases of the disease triggered a suspension in beef exports to China that lasted more than three months.

☆ NHL roundup: Rangers escape 3-goal hole, edge Oilers in SO
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +4 min

[1/4] Feb 17, 2023; Edmonton, Alberta, CAN; New York Rangers forward Alexis Lafreniere (13) scores the shoot-out winning goal against Edmonton Oilers goaltender Jack Campbell (36) at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsFebruary 18 - Alexis Lafreniere scored the deciding goal of the shootout to give the New York Rangers a 5-4 comeback win over the host Edmonton Oilers on Friday. The Rangers trailed 3-0 and 4-1 in the first period, but chipped away and won their seventh straight game. The Oilers are winless (0-1-2) in their last three games, but have still collected points in 13 of their last 14 games (9-1-4). The Oilers scored four goals in the third period of their last game with the Rangers, a 4-3 victory on Nov. 26 in New York.

☆ Canada unveils sustainable jobs plan to prepare workers for future green economy
▼ + stars: | 2023-02-17 | by ( Nia Williams | ) www.reuters.com time to read: +3 min

From 2025 the government plans to release a new sustainable jobs plan every five years. Liberal Prime Minister Justin Trudeau has been promising sustainable jobs legislation since 2019. But in Canada, the world's fourth-largest crude oil producer, the concept of retraining workers for clean energy jobs, also called a "Just Transition", became a lightening rod for criticism. "Rather than a shortage of jobs, in Canada we are much more likely to see an abundance of sustainable jobs with a shortage of workers required to fill them," the plan said. Think-tanks Clean Energy Canada expects jobs in the sector will grow by 3.4% annually over the next decade, nearly four times faster than the Canadian average.

☆ Devon Energy's plunge after management fails to reassure investors makes us question our stake
▼ + stars: | 2023-02-15 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Shares of Club holding Devon Energy (DVN) fell sharply Wednesday, one day after delivering disappointing fourth quarter results , reducing its fixed-plus-variable dividend and barely buying back any stock. DVN 1Y mountain Devon Energy (DVN) 1-year performance Devon management on Wednseday did reassure investors of its commitment to financial discipline and shareholder returns. Production guidance On Devon's earnings call Wednesday morning, management said that the first quarter is expected to be the lowest production quarter of fiscal 2023. The facility is expected to be back up and running by mid-March, with no impact to second quarter production expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Devon Energy delivered a disappointing fourth quarter, even when factoring in lower energy prices
▼ + stars: | 2023-02-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Oil-and-gas producer Devon Energy (DVN) on Tuesday delivered lackluster fourth-quarter earnings, sending shares lower. Note : Devon Energy is scheduled to host its post-earnings conference call on Wednesday at 11:00 a.m. Bottom line This was a disappointing quarter for Devon Energy, despite having managed our expectations given the recent decline in energy prices. As a result, Devon stock tumbled roughly 5.5% in afterhours trading, as shares re-rated to the lower cash-return profile. As was the case in the prior quarter, Devon did not aggressively make use of its $2 billion share repurchase program in the fourth quarter.

☆ Canada's Imperial ordered to fix seepage from oil sands tailing ponds
▼ + stars: | 2023-02-08 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

Feb 8 (Reuters) - Canada's Imperial Oil (IMO.TO) on Wednesday said it is working with the Alberta Energy Regulator (AER) to fix industrial wastewater seepage from tailings ponds at its Kearl oil sands project that has been ongoing for months. The order steps up regulatory enforcement from the AER, which previously issued Imperial with two non-compliance notices and conducted site inspections. Kearl is a 240,000-barrel-per-day bitumen mine in northern Alberta, and the wastewater, or tailings, from its industrial processes include dissolved iron and arsenic. However, Imperial on Saturday also reported a separate leak of more than 5,000 cubic metres of tailings water from one of its holding ponds. Schmidt said the cause of that release is still being determined and Imperial has notified local communities.

In part due to disruptions in supply stemming from the COVID-19 pandemic, street drugs are increasingly laced with toxic or unknown ingredients, resulting in drug users overdosing and dying. Police in British Columbia file thousands of drug possession charges annually. Canada faced the challenge of an adulterated illicit drug supply before the United States did and has been quicker to adopt harm reduction tools to address drug overdose cases, said Lindsey Richardson, a research scientist at the B.C. Some of them still buy street drugs. 's latest plan is of no help to him because he runs the risk of taking something deadly each time he buys street drugs.

☆ I work in HR. Here's the hardest layoff I've ever done.
▼ + stars: | 2023-02-04 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

Angela Champ is an HR executive. At one former company, Champ said, the layoffs were scheduled in 15-minute increments over the day. The downsizing described in the essay below took place at a company where Champ was previously employed. We had simultaneous terminations going on, and each HR business partner was assigned one or two people. Another HR person would go and gather the person's belongings — their purse, their keys, their lunch bag — and bring them to the room.

Feb 1 (Reuters) - North American pipeline operator TC Energy Corp (TRP.TO) on Wednesday raised its cost estimate more than expected for completing its troubled Coastal GasLink project, sending share prices sharply lower. The company attributed the cost increase to a labor shortage, poor work by contractors and adverse weather. TC is looking to sell C$5 billion worth of assets this year to raise funds to repay debt and pay for projects including Coastal. TC Energy raised its overall 2023 capital expenditure outlook to C$11.5 billion-C$12 billion from C$9.5 billion earlier, partly due to Coastal's higher costs. An impairment will be recognized to TC Energy's equity investment in Coastal in its fourth-quarter results scheduled for Feb. 14, the company said.

☆ Tech layoffs strip the facade of TikTok's 'day in the life' videos
▼ + stars: | 2023-01-29 | by ( Morgan Sung | Morgan Sung Is A Trends Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Meta, Salesforce, Twitter, Snap and other tech companies have also announced layoffs in recent months. Others are using their platforms to raise awareness of labor rights in wake of recent layoffs. So yeah, I’m unemployed, but I have a hell of a lot of confidence in myself.”Educating viewers about their rights has also gained popularity after recent layoffs. TikTok user alberta.nyc, a Google software engineer and self-described “tech cynic," has made videos about the importance of unions in the tech industry. In a video, creator alejandra_n_h expressed solidarity with former Amazon employees who had been affected by recent layoffs.

☆ UPDATE 1-Canada's Supreme Court gives mixed rulings on gun crime penalties
▼ + stars: | 2023-01-27 | by ( Anna Mehler Paperny | ) www.reuters.com time to read: +3 min

Adds details of rulings, reactionTORONTO, Jan 27 (Reuters) - Canada’s Supreme Court found one mandatory minimum sentence for a firearm offence unconstitutional and upheld two others in a pair of decisions published on Friday. That charge carried a mandatory minimum sentence of four years. The trial judge declared the five-year mandatory minimum penalty unconstitutional and an appeals court upheld that finding. His counsel used a hypothetical scenario to argue the four-year mandatory minimum sentence constituted cruel and unusual punishment. Canada’s government repealed more than a dozen mandatory minimum sentences last year and some have been struck down by provincial courts but about 53 criminal offences remain subject to mandatory minimum penalties, according to the justice department.

TORONTO, Jan 27 (Reuters) - Canada's Supreme Court found one mandatory minimum sentence for a firearm offence unconstitutional and upheld two others in a pair of decisions published on Friday. That charge carried a mandatory minimum sentence of four years. The Hills ruling found this mandatory minimum unconstitutional and also said courts "should consider the effect of a sentence on the particular offender." The trial judge declared the five-year mandatory minimum penalty unconstitutional and an appeals court upheld that finding. His counsel used a hypothetical scenario to argue the four-year mandatory minimum sentence constituted cruel and unusual punishment.

REUTERS/Todd Korol/File Photo/File PhotoNEW YORK, Jan 26 (Reuters) - Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data. Brent futures rose $1.35, or 1.6%, to settle at $87.47 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 86 cents, or 1.1%, to settle at $81.01. "Crude prices got an unexpected boost from a U.S. economy that doesn’t want to break," said Edward Moya, senior market analyst at data and analytics firm OANDA. China has been easing stringent COVID-19 restrictions this month, with Beijing reopening borders for the first time in three years. The OPEC+ ministerial panel meeting on Feb. 1 is likely to endorse the oil producer group's current output levels, OPEC+ sources said.

☆ Oil steady as market awaits more supply clarity
▼ + stars: | 2023-01-26 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +2 min

REUTERS/Todd Korol/File Photo/File PhotoSINGAPORE, Jan 26 (Reuters) - Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers, including an OPEC+ meeting and the looming EU ban on Russian refined products. "The upcoming EU embargo on Russian refined products remains a major source of concern for the market, with widespread dislocations expected to materialize," the Citi analysts said. Oil prices were also little changed after data showed a build in U.S. crude inventories that was less than expected. Crude inventories edged higher by 533,000 barrels to 448.5 million barrels in the week ending Jan. 20, the Energy Information Administration (EIA) said. That was substantially short of forecasts for a 1 million barrel rise, though according to the EIA crude stocks are at their highest since June 2021.

☆ Oil edges up as U.S. crude inventories rise less than expected
▼ + stars: | 2023-01-26 | by ( Laila Kearney | ) www.reuters.com time to read: +1 min

REUTERS/Todd Korol/File Photo/File PhotoSummarySummary Companies EIA shows U.S. crude stocks up less than expectedU.S. dollar easesGlobal 2023 economic view downgraded, at odds with marketJan 26 (Reuters) - Oil prices were up in early Asian trade on Thursday as U.S. crude stocks rose less than expected, while a weaker dollar made oil cheaper for non-American buyers. Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45. Crude inventories rose by 533,000 barrels to 448.5 million barrels in the week ending Jan. 20, the Energy Information Administration (EIA) said. Despite the smaller-than-expected crude build, crude stocks reached the highest level since June 2021, the EIA said. read moreA factor that kept oil from moving higher was concern about a slowing global economy hampering fuel demand.

☆ How 'Skinamarink' made $1.5 million on a $15,000 budget
▼ + stars: | 2023-01-26 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +7 min

In this article AMCX Follow your favorite stocks CREATE FREE ACCOUNTA still promo for the film Skinamarink. Coutesy: Bayview EntertainmentExperimental horror film "Skinamarink" has been all the buzz on social media for months — and now it's a sleeper hit at the box office. Much of these sales come from the most wide-released horror films that had budgets between $16 million and $35 million. Independent horror films are released every week, and it's very difficult to stand out among these releases, he said. Still shot from the film "Skinamarink".

It is planning to develop a CCS hub in northern Alberta, expected to cost C$16.5 billion ($12.3 billion) by 2030. Trudeau told Reuters in an interview earlier this month Alberta was "hesitating around investing in anything related to climate change". Canada is the world's fourth-largest producer of crude, most of which comes from Alberta's oil sands. The oil and gas sector is the country's highest-polluting industry and needs to drastically cut emissions if Canada is to achieve its climate commitments. 'NO TIME TO SLIP'The Pathways Alliance has already said Ottawa's goal of cutting oil and gas emissions 42% by 2030, equivalent to a 35-megatonne reduction, is impossible.

☆ Canada's energy jobs transition bill sparks discord in oil heartland
▼ + stars: | 2023-01-22 | by ( Nia Williams | Steve Scherer | ) www.reuters.com time to read: +4 min

FILE PHOTO: Pipelines run at the McKay River Suncor oil sands in-situ operations near Fort McMurray, Alberta, September 17, 2014. REUTERS/Todd KorolPrime Minister Justin Trudeau’s Liberal government is expected to table its long-awaited workforce transition bill this spring, ahead of economic changes expected as they pursue ambitious goals to slash climate-warming emissions. The government of Alberta, Canada’s main crude-producing province, says the legislation will dismantle the oil and gas industry that makes up 5% of Canada’s GDP. The oil and gas sector employs around 185,000 workers, making the bill a hot topic in Alberta ahead a provincial election in May. Think tank Clean Energy Canada estimates there could be 200,000 clean energy jobs created by 2030.

☆ NHL roundup: Connor McDavid lifts Oilers over Lightning
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +8 min

The Lightning received a goal and an assist from Brayden Point, and Brandon Hagel and Steven Stamkos scored. Victor Hedman posted two assists while Andrei Vasilevskiy stopped 28 shots but lost for the first time in five games. Kyle Connor scored for the Jets, who lost for the third time in their past 11 games. Matthew Tkachuk, who leads Florida with 24 goals, scored twice with the man advantage. Colton Sissons and Mattias Ekholm scored for the Predators, whose two-game win streak came to an end.

☆ NHL roundup: Connor McDavid leads streaking Oilers past Kraken
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +6 min

[1/4] Jan 17, 2023; Edmonton, Alberta, CAN; Edmonton Oilers forward Connor McDavid (97) carries the puck up ice during the first period against the Seattle Kraken at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsJanuary 18 - Connor McDavid scored his NHL-leading 38th goal of the season as the Edmonton Oilers defeated the visiting Seattle Kraken 5-2 on Tuesday night. Derek Ryan, Warren Foegele, Ryan McLeod and Zach Hyman also tallied for the Oilers, who extended their winning streak to four games. Kyle Connor scored for the Jets, who had a three-game win streak come to an end. Carter Verhaeghe, Anton Lundell and Josh Mahura also scored goals for Florida.

Ontario has some private healthcare providers but they are a small part of the health system and provide relatively few public surgeries. Critics worry sharply expanding their footprint will take staff from the pool of public health workers. In 2021, the Commonwealth Fund ranked Canada's health system tenth out of 11 rich countries. Ontario's government said it is following the lead of provinces such as Alberta, which contracts with private providers and said last fall it will fund more surgeries in private clinics. No one disputes Ontario's health system faces serious challenges.

REUTERS/Eva Plevier/File PhotoWINNIPEG, Manitoba, Jan 11 (Reuters) - Netherlands-based Rabobank NA (RABOVR.UL) is aiming to grab 10-15% of the Canadian farm lending market within 15 years, as it aims to shake up a sector dominated by government and domestic banks, its new Canadian agricultural head told Reuters on Wednesday. It took Rabobank a decade before deciding to expand into Canadian farm lending, taking a methodical approach, Lieverse said. Rabobank expects Canadian farm lending to be profitable from the start and plans to announce hiring plans shortly, she said. Rabobank did not release its estimate of the value of the Canadian farm lending market, but government agency Statistics Canada pegged 2021 farm debt at a record-high C$129 billion ($96.1 billion), with chartered banks accounting for 37%. Farm Credit Canada, owned by the Canadian government, is the biggest agricultural lender, controlling a market share of about one-third, Lieverse said.

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