Canadian

Houston-based ConocoPhillips, the largest operator in the natural gas-rich San Juan Basin, agreed Thursday to sell the portfolio for up to $3 billion to an affiliate of Hilcorp Energy Co.

Canadian natural gas producers will cut but not eliminate financial losses until late 2018 as stiff competition continues from U.S. unconventional supply sources, a private Ottawa-based business research agency predicted Monday.

Marathon Oil Corp. is waving goodbye to Canada and picking up acreage in New Mexico’s Permian Basin in a mega-deal announced Thursday.

Strong U.S. shale production will create stiff competition for Canadian exporters of oil as well as natural gas and liquid byproducts from Alberta and British Columbia, the Canadian petroleum capital of Calgary heard Monday.

A second attempt began Wednesday at using toll discounts to refill TransCanada Corp.’s half-empty natural gas Mainline from Alberta to Ontario and Quebec.

Volumes rose but prices fell across the board in the natural gas trade among Canada, the United States and Mexico during the first half of this year, according to the latest scorecard kept by the U.S. Department of Energy.

Canadian natural gas- and oilfield activity will start making a comeback in 2017 after two severely depressed years, the nation’s service companies predicted today.

A leaner Canadian industry is emerging, fit to survive the third straight year of low oil and natural gas prices, Suncor Energy Inc. confirmed Thursday in an investor guidance forecast of 2017 performance.

TransCanada Corp. Tuesday dropped a plan to refill its natural gas Mainline by granting toll discounts as deep as 47% for delivering production from Alberta and British Columbia to Ontario and Quebec.