The Canadian Press

This article is brought to you by the Canadian Press newswire. 

Oil and gas investment in Canada to hit $40 billion in 2023, industry group says

Thursday, March 2, 2023, 6:33 AM MST

Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023,…

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Enbridge CEO hopes for more carbon capture support in upcoming federal budget

Thursday, March 2, 2023, 6:31 AM MST

Enbridge Inc. is hoping to see more incentives for carbon capture and storage announced in the upcoming federal budget, the…

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Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

Wednesday, March 1, 2023, 10:19 AM MST

A U.S. Gulf Coast gas storage facility and a stake in a company developing fuel from waste food are among…

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Oil well cleanup program listed as 'key objective' in Alberta's pre-election budget

Wednesday, March 1, 2023, 6:12 AM MST

Alberta Premier Danielle Smith's last budget before an expected spring election gives strong support to a proposed tax break for…

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'Economic engine': Alberta predicting $2.4 billion surplus for petro powered economy

Wednesday, March 1, 2023, 6:07 AM MST

Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite…

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Baytex signs agreement to buy Ranger Oil in deal valued at $3.4B including debt

Tuesday, February 28, 2023, 6:55 AM MST

Baytex Energy Corp. has signed a deal to buy U.S. company Ranger Oil Corp. in a deal valued at C$3.4…

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MEG Energy earns $159M in Q4; high oil prices offset by WCS differential

Tuesday, February 28, 2023, 6:20 AM MST

MEG Energy Corp. says it earned $159 million in the fourth quarter of 2022, a 10 per cent decrease from…

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Alberta expecting another gusher in budget ahead of provincial election

Monday, February 27, 2023, 6:28 AM MST

Alberta is scheduled to introduce its budget Tuesday – the last before a spring provincial election – with political observers…

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Quebec and N.L. premiers hold energy talks, plan to review Churchill Falls 'bad deal'

Monday, February 27, 2023, 6:20 AM MST

Quebec Premier Francois Legault admitted Friday that a decades-old hydroelectricity deal that has made his province billions of dollars has…

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Inquiry issues damning report into Dutch gas drilling

Monday, February 27, 2023, 6:16 AM MST

A Dutch parliamentary inquiry released a damning report Friday into the government's handling of lucrative natural gas extraction that caused…

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TransAlta reports $163M Q4 loss, revenue up 40% from year ago

Friday, February 24, 2023, 6:05 AM MST

TransAlta Corp. reported a loss of $163 million in its latest quarter compared with a loss of $78 million in…

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Judge grants motion by state of Michigan to appeal key decision in Line 5 dispute

Thursday, February 23, 2023, 2:46 PM MST

The U.S. judge presiding over Michigan's bid to shut down the Line 5 pipeline has given her blessing to the…

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