Canada's Competition Bureau on Tuesday approved the merger of Suncor and Petro-Canada, a deal that will create Canada's largest oil company. The Canadian government allowed the deal, creating a new company called Suncor Energy, to go ahead but required the firm to give up 104 gas stations in southern Ontario. The successor company will officially begin operations on ...

Shareholders of Petro-Canada and Suncor Energy Inc. voted Thursday to approve a combination of two of the country's largest oil and gas producers to become Canada's largest energy producer. Petro-Canada shareholders voted about 96 percent in favor of the $19 billion Canadian-dollar deal ($17 billion ...

With oil finally trading back above the $50-a-barrel level, it’s time to recognize that crude prices are probably not going to remain low for very long, and may end up fluctuating in the $50-$80 range - regardless of what happens to the prices of other commodities. After all ...

French oil giant Total SA raised its bid Monday for Canadian oil sands company UTS Energy Corp. by about 35 percent after its first offer was rejected. Total said Monday it had raised its offer to 829.8 million Canadian dollars ($676 million) from its January bid ...