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Tag Archives: Companies

Canadian companies have ‘false sense of security’ when it comes to cyber threats: report


Many Canadian businesses have “wrapped themselves in a false sense of security” when it comes to resisting cyber attacks, according to a new survey by Deloitte. A false feeling of preparedness, often because there has been no attack to date, leaves the door open “even wider for the would-be attackers,” …

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In post-OPEC world, companies look outside Alberta to greener pastures


As oil prices continue to slide in search for a market-set equilibrium in a post-OPEC world, companies such as Husky Energy Inc. are remaking themselves to withstand the new environment for as long as it takes, while squeezing every advantage they can get. And if that means looking to greener …

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Companies in ailing oilpatch look for ways to avoid or delay layoffs


CALGARY — Companies in the ailing oilpatch are looking at ways to avoid layoffs — or at the very least to forestall or minimize them. Canadian Natural Resources Ltd. has not had to trim its workforce of more than 7,600 as a result of the crude price collapse. “In lieu …

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Oilfield services companies face a 2016 where there’s little left to cut


While some of his peers are shuttering their business or moving their rigs out of Canada to friendlier jurisdictions, Rene Amirault is staying put. Deficit, belt-tightening and new taxes: Like Alberta, Saudi Arabia is finally feeling oil crash pain Claudia Cattaneo: Too bad the world’s top oil exporter isn’t saving …

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Russian companies back talks with OPEC on possible cuts to oil output


MOSCOW — The head of Russian state oil pipeline monopoly Transneft says talks on output cuts are planned with Saudi Arabia and OPEC. Transneft head Nikolai Tokarev said that Saudi Arabia had “taken the initiative and come out with a proposal to discuss the possibility of reducing volumes,” in comments …

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Canadian companies starting to reap benefits from low loonie: ‘We see this as an opportunity’


The benefit of a weaker currency is beginning to spread through corporate Canada. Companies such as CGI Group Inc. and DHX Media Ltd., which sell services abroad designed by workers in Canada, are emerging as big winners from the currency’s almost 30 per cent decline in the past three years. …

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Alberta unveils $500 million subsidy for companies building petrochemical processing plants


CALGARY – Petrochemical companies have begun lining up to apply for the Alberta government’s new $500-million subsidy program intended to bring more “value-added” jobs to the province. Alberta Economic Development and Trade Minister Deron Bilous and Energy Minister Marg McCuaig-Boyd announced the new program Monday, which would give companies building …

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Canadian energy companies selling off ‘jewels in the crown’ to keep oilsands operations afloat


CALGARY — Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oilsands production going and safeguard the billions already invested in these multi-decade projects. No living large for oil majors as even they take a savage beating from …

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Who would be the best U.S. presidential candidate for oil and gas companies?


As the 2016 presidential race starts to heat up it is time to take a look at the remaining serious candidates and what each one might mean for energy policies and energy companies in the U.S. While a lot can happen in the next couple of months, the current leaders …

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OSC says companies need to strengthen insider reporting compliance


An Ontario Securities Commission study has found “material” insider reporting deficiencies in approximately 70 per cent of the 1,500 issuers reviewed. “Overall, the review found that the compliance rate for insider reporting can be substantially improved, and that this improvement needs to happen across all reporting issuers,” the commission stated in …

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