The Canadian Press

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Ottawa expands price caps to Russian petroleum products to reduce revenues

Monday, February 6, 2023, 6:05 AM MST

The federal Finance Department says Canada is joining its fellow G-7 countries plus Australia to expand caps on Russian oil…

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Biden administration recommends major Alaska oil project

Thursday, February 2, 2023, 7:03 AM MST

The Biden administration released a long-awaited study Wednesday that recommends allowing a major oil development on Alaska's North Slope that supporters say…

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Norway PM says oil profile to fund more aid to Ukraine

Thursday, February 2, 2023, 6:21 AM MST

Prime Minister Jonas Gahr Støre of Norway said Thursday that the oil-rich Scandinavian country will become one of the world’s top…

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Shell profit doubles to record as war drives up energy costs

Thursday, February 2, 2023, 6:16 AM MST

Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and…

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Saskatchewan First Act will help in future court fights with Ottawa: Justice Minister

Thursday, February 2, 2023, 6:09 AM MST

Saskatchewan's justice minister, while promoting a bill she touts as giving the province more autonomy, says Ottawa's actions have a…

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Bulgaria and Serbia diversify energy supplies

Wednesday, February 1, 2023, 6:16 AM MST

The presidents of Bulgaria and Serbia on Wednesday launched the construction of the Bulgarian part of a gas link that is designed…

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Imperial Oil expects 'double digit' returns from renewable diesel facility

Wednesday, February 1, 2023, 6:08 AM MST

Imperial Oil Ltd. expects “double-digit returns'' from its $720-million investment to build what will be Canada's largest renewable diesel manufacturing…

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Imperial Oil reports $1.73 billion Q4 profit, up from $813 million a year earlier

Tuesday, January 31, 2023, 6:57 AM MST

Imperial Oil Ltd. says its fourth-quarter profit more than doubled compared with a year earlier, helped by a strong operating…

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FortisBC Holdings Inc. signs agreement with First Nation over B.C. LNG project

Monday, January 30, 2023, 6:18 AM MST

FortisBC Holdings Inc. says it has signed a deal with a First Nation in British Columbia over the Tilbury liquefied…

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Alberta landowners fear repeat of orphan well crisis as renewable energy booms

Monday, January 30, 2023, 6:02 AM MST

Once bitten, twice shy. It's an old adage that explains why Jason Schneider, the elected reeve of Vulcan County, Alta.,…

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TotalEnergies EP Canada ups stake in Fort Hills oilsands project

Friday, January 27, 2023, 6:44 AM MST

TotalEnergies EP Canada Ltd. says it is increasing its ownership in the Fort Hills oilsands project by acquiring part of…

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Imperial Oil gives OK to $720M renewable diesel project near Edmonton

Thursday, January 26, 2023, 7:02 PM MST

Imperial Oil Ltd. is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery…

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