Alberta court extends creditor protection for bankrupt oil producer

Alberta court extends creditor protection for bankrupt oil producer

An Alberta court has extended creditor protection for Connacher Oil and Gas until the end of September, 2018.

Connacher defaulted on US$154 million in debt in March 2016 but its Great Divide in-situ facility continues to operate normally despite being under creditor protection. The company is in the process of trying to sell its oil sands assets.

Higher oil prices power Canadian petroleum trade to a 2-year high

Higher oil prices power Canadian petroleum trade to a 2-year high

Storage tank construction takes a pause south of the border

Storage tank construction takes a pause south of the border

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