CALGARY — Canadian Natural Resources Ltd. says its partner in an deep water offshore drilling project in South Africa is reporting a “significant gas condensate” discovery. The Calgary-based company best known for its Alberta oilsands production traded an ownership stake in the offshore exploration block known for its challenging seaRead More →

TOKYO — Japanese technology conglomerate SoftBank Group Corp. reported Wednesday a 23 per cent decline in fiscal third-quarter profit as adjustments in its major investment funds eroded income. SoftBank Group, which has invested in British IoT company ARM and U.S. wireless company Sprint, had October-December profit of 698.3 billion yenRead More →

Last week, California utility PG&E filed for Chapter 11 bankruptcy protection in the face of an estimated US$30 billion of possible liabilities related to the disastrous California wildfires in 2017 and 2018. The climate crusaders of the mainstream media have been atwitter with claims that PG&E represents the “first climateRead More →

CALGARY – After losing out on investment dollars to the U.S. for decades, observers say Canada’s petrochemical industry is “back in the game” after Pembina Pipeline Corp. said it is proceeding with a new propane-to-plastics facility. Calgary-based Pembina and joint-venture partner Petrochemical Industries Co. of Kuwait (PIC) announced they would buildRead More →

NEW YORK — This year some of the Super Bowl ads that grabbed the greatest buzz were surprises, like Bud Light’s “Game of Thrones” teaser. Other crowd-pleasers focused on humour, like Amazon’s take on celebrity product testers. While the New England Patriots bested the L.A. Rams on Sunday in AtlantaRead More →

LONDON — The Latest on Brexit, Britain’s impending departure from the European Union (all times local): 12:15 p.m. Germany’s foreign minister is calling for “clear proposals” from Britain as it seeks to avoid a chaotic withdrawal from the European Union and underlining the EU’s insistence that the Brexit divorce dealRead More →