The Canadian Press

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Cenovus CEO takes aim at oil and gas critics; says sector pays billions in taxes

Wednesday, November 2, 2022, 12:56 PM MDT

With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the…

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Cenovus reports $1.61B Q3 profit, up from $551M a year ago

Wednesday, November 2, 2022, 6:18 AM MDT

Cenovus Energy Inc. reported its third-quarter profit almost tripled compared with a year ago, helped by higher commodity prices. The…

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Biden paints oil firms as war profiteers, talks windfall tax

Tuesday, November 1, 2022, 6:22 AM MDT

President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on…

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Saskatchewan set to introduce bill aimed at seeking more provincial independence

Tuesday, November 1, 2022, 6:18 AM MDT

Premier Scott Moe's Saskatchewan Party government is set to introduce a bill today aimed at seeking more provincial independence, especially…

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Saudi Aramco has $42.4B profit in third quarter

Tuesday, November 1, 2022, 6:15 AM MDT

Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39 per…

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Imperial ‘striking a balance’ between shareholder returns and capital spending: CEO

Monday, October 31, 2022, 6:37 AM MDT

Imperial Oil Ltd. announced Friday that it is raising its quarterly dividend by nearly 30 per cent and also plans…

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Guilbeault slams oilpatch for raking in cash and sitting idle on climate action

Monday, October 31, 2022, 6:14 AM MDT

The federal environment minister is calling out Canada’s oil companies for failing to put cash behind their promises to tackle…

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EU approves ban on new combustion engine cars from 2035

Friday, October 28, 2022, 6:28 AM MDT

European Union lawmakers and member countries reached a deal to ban the sale of new gasoline and diesel cars and…

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Precision Drilling returns to profitability as oil and gas sector picks up pace

Friday, October 28, 2022, 6 AM MDT

Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp. return to profitability during the…

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Crisis stricken Cuba caught between ally Russia, nearby U.S.

Thursday, October 27, 2022, 1:53 PM MDT

When Hurricane Ian tore through western Cuba in late September, causing an island-wide blackout, it left the government grappling with…

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Nord Stream 1 operator sends ship to survey pipeline damage

Thursday, October 27, 2022, 1:18 PM MDT

A ship chartered by the operator of the Nord Stream 1 natural gas pipeline has arrived at the site of last month's…

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Shell Q3 earnings double, stir debate on energy profit tax

Thursday, October 27, 2022, 6:25 AM MDT

Shell's earnings more than doubled in the third quarter, fueling the debate over taxes on energy producers' windfall profits as…

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