Dan Healing

Dan Healing, Canadian Press reporter

Latest from Dan Healing

Oilsands companies restoring production as demand growth spurs higher prices

Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road.

Teck Resources exits energy industry group CAPP, citing cost-cutting

Teck Resources Ltd. is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.

Vermilion Energy posts $1.3B loss on oil and gas assets writedown

A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc., the energy producer announced Tuesday.

Dominion Diamond blames pandemic for 'devastating impact': court filing

The owner of Canada's first diamond mine blamed transportation and business disruptions caused by measures to control the COVID-19 pandemic for its decision to seek court protection from creditors.

Energy sector shutting down oil production as low crude oil prices persist

Calgary-based oil and gas companies are continuing to reduce production, cut spending and trim costs as volatile oil prices remain stubbornly below profitable levels for most.

Nova Scotia LNG project decision delayed due to market conditions, COVID-19

Pieridae Energy Ltd., the company planning to build a $10-billion LNG export facility in Nova Scotia, says it will delay making a final investment decision expected this fall because of depressed global LNG markets and the COVID-19 pandemic.

Breakdown of partnership between Calgary Co-op, Federated Co-operatives sparks layoffs and lawsuits

In the ongoing dustup between grocery and fuel retailer Calgary Co-op and Saskatoon-based supplier Federated Co-operatives, the fallout also includes the closing of a massive Calgary warehouse this month, hundreds of layoffs and a lawsuit claiming millions of dollars in damages.

Crude-by-rail shipments expected to fall after setting record high in January

Canadian crude-by-rail exports hit a record high in January but observers say they've likely fallen since then and stand to plummet even further as low oil prices force producers to cut growth spending and shut in high-cost wells.

Canadian producers advised to spend nothing on drilling as WTI oil price hovers at $25

World oil prices have fallen so low that producers in Canada are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells.

Husky Energy CEO blames regulatory process 'that just went on and on' for end of Teck Frontier mine

Husky CEO Rob Peabody believes that Teck Frontier would have happened if decisions around it were made more quickly and that the demise of the oilsands mine does not bode well for future large projects.

Teck Resources warns of $1.13B charge if Frontier oilsands mine rejected

Teck Resources Ltd. says it will take an impairment charge of about $1.13 billion if the federal government decides not to approve its Frontier oilsands mining project.

Coastal GasLink pipeline investor committed to closing deal despite protests

An investment firm buying a stake in the Coastal GasLink pipeline says it remains "committed" to the deal despite protester blockades that have shut down railway lines in parts of Canada and threaten to inflict damage to the Canadian economy.

Suncor focuses on low-cost oilsands expansions

Suncor Energy Inc.'s on-again, off-again plan to add a coker unit to its Montreal refinery to allow it to process heavier barrels of oil, including oilsands bitumen, is off the table as it shuffles its spending priorities.

Fake signatures an unfortunate factor when collecting sports memorabilia

The president of Pro Am Sports in Edmonton says he’d never seen anything like it in 30 years of selling autographed sports cards and other collectibles.

Miner Teck Resources reports Q3 profit down, plans to cut 500 full-time jobs

Teck Resources Ltd. says it will cut 500 full-time equivalent jobs as it focuses on trimming $500 million from planned spending through to the end of 2020.