Petro-Canada offer raises $2.5bn
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Canada&#39;s government has set the price for the sale of its remaining 19 percent in oil company Petro-Canada, raising C$3.18 billion ($2.
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Oil prices surged more than 2 percent  on Wednesday amid worries a possible OPEC output cut this  spring could quickly sap swelling U.S. crude and gasoline  stockpiles.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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CALGARY (CP) - The federal government revealed the highly anticipated details of its planned sale of a minority stake in energy giant Petro-Canada late Thursday, setting the stage for the biggest single share sale in Canadian history.
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OTTAWA - The Canadian government will devote some of the proceeds from its sale of its 19 percent stake in oil company Petro-Canada (PCA.
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Imperial Oil Ltd and Exxon  Mobil Corp turned heads in the oil industry in July with a  nearly $600 million bid that won them a big exploration block  in Canada's Beaufort Sea.
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CACOUNA, Que. (CP) - TransCanada Corp. and Petro-Canada have agreed to develop a liquefied natural gas facility in Quebec that will cost $660 million to build.
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KITCHENER - A takeover offer for ThyssenKrupp Budd Canada sent shares of the automotive supplier up 72 per cent on the TSX on Monday.
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Royal Dutch/Shell Group, Europe&#39;s second-largest oil company, will boost investment in its European oil and gas unit by $150 million to $1.
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The troubled student loan giant, said it would raise $2.5 billion by selling stock and use the money to pay off a disastrous bet on its commons stock price.
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Canadian Natural Resources Ltd., Canada&#39;s second-largest natural-gas producer, said third-quarter profit jumped 55 percent as prices soared and acquisitions boosted output.
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The Organization of Petroleum Exporting Countries boosted crude-oil production 1.2 percent in August, reaching a 25-year high for a second month in an attempt to pull prices back from records, a Bloomberg survey showed.
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The Bank of Canada raised its overnight interest rate a quarter percentage point on Tuesday to 2.50 percent as expected, and made clear it would keep raising rates even as it lowered its forecast for Canadian growth.
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The Canadian government will sell its 19 percent stake in oil producer and refiner Petro-Canada (PCA.TO: Quote, Profile, Research) in a public offering, the company said on Thursday.
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China Power International Development Ltd., a unit of China&#39;s fifth-biggest electricity generator, plans to raise as much as HK$2.
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CALGARY (CP) - Canadian energy producer Nexen Inc. is betting $2.1 billion US that a major North Sea oilfield can help stop the company&#39;s falling production and reduce the risks of operating in the volatile Middle East and hurricane-prone Gulf Coast.
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Swiss-based Xstrata  on Friday raised its cash offer for Australian coal miner Resource Pacific Ltd  by 12 percent to A$1.08 billion ($964 million) and declared it final.