BNNPenn West posts smaller-than-expected loss on higher oil pricesThe Globe and MailCanadian oil and gas producer Penn West Petroleum Ltd reported a smaller-than-expected quarterly loss, as crude prices ticked up after a more than two-year slump. Oil price …

The Globe and MailOil companies facing forced asset sales as banks assess fundingThe Globe and MailStarting in earnest after Labour Day, oil and natural gas companies will begin the twice-yearly pilgrimage to their banks to discuss funding. It's not go …

The Globe and MailOil giants try to stay afloat with hundreds of job cuts, slashed spendingThe Globe and MailMajor companies in Canada's energy industry are making another round of deep staff cuts and further shrinking their spending plans as oil and g …

The Globe and MailPenn West to cut 35% of work force, suspend dividend on oil slumpThe Globe and MailCanada's Penn West Petroleum Ltd cut its 2015 capital budget and said it would suspend its dividend and reduce its work force by 35 per cent, helping i …

CBC.caOilpatch earnings reflect low oil pricesCBC.caCanada's oilpatch is buckling down to a "lower-for-longer scenario," in the words of one executive, after a fresh round of grim earnings. The prediction that oil prices will stay low for a l …