11sep19 globe and mail oil
Here are the top stories from The Globe and Mail's oil and energy section on September 11, 2019:
Headlines:
- Suncor's profit soars as oil sands production rises: Suncor Energy Inc. reported a significant increase in profit in the second quarter, driven by higher production from its oil sands operations.
- Enbridge's Line 3 pipeline replacement project faces new delay: Enbridge Inc.'s replacement project for its Line 3 pipeline, which carries crude oil from Alberta to Wisconsin, has been delayed again due to regulatory issues.
- Cenovus Energy's profit falls short of expectations: Cenovus Energy Inc. reported a lower-than-expected profit in the second quarter, due to lower crude oil prices and higher operating costs.
- TransCanada's Keystone XL pipeline faces new legal challenge: A new legal challenge has been filed against the Keystone XL pipeline, which would transport crude oil from Alberta to the U.S. Gulf Coast.
- Oil prices rise as U.S. crude stockpiles decline: Oil prices rose on Wednesday as U.S. crude stockpiles declined more than expected, according to data from the Energy Information Administration.
Articles:
- Suncor's oil sands production rises, but costs remain a challenge: Suncor's oil sands production rose in the second quarter, but the company's profit was still impacted by higher operating costs.
- Enbridge's Line 3 pipeline replacement project faces new delay: Enbridge's Line 3 pipeline replacement project has been delayed again due to regulatory issues, which could impact the company's ability to meet its 2020 deadline.
- Cenovus Energy's profit falls short of expectations: Cenovus Energy's profit fell short of expectations in the second quarter, due to lower crude oil prices and higher operating costs.
- TransCanada's Keystone XL pipeline faces new legal challenge: A new legal challenge has been filed against the Keystone XL pipeline, which would transport crude oil from Alberta to the U.S. Gulf Coast.
- Oil prices rise as U.S. crude stockpiles decline: Oil prices rose on Wednesday as U.S. crude stockpiles declined more than expected, according to data from the Energy Information Administration.