Big freeze in Texas is becoming a global oil market crisis

Thursday, February 18, 2021, 6:34 AM MST

What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s…

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U.S. deep freeze weather boosts Canadian oil and gas producer profits and prospects

Thursday, February 18, 2021, 5:59 AM MST

Canadian oil and gas producers are banking higher profits as unusually severe winter weather sidelines U.S. rivals this week and…

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U.S. oil output slumps by record one-third as Permian freezes

Wednesday, February 17, 2021, 6:41 AM MST

Total U.S. oil production has plunged by one-third – the most ever – as an unprecedented cold blast freezes well…

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U.S. oil majors downgraded by S&P on climate risk, earnings

Friday, February 12, 2021, 6:39 AM MST

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its…

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Permian kept spewing methane despite drilling slowdown, EDF says

Thursday, February 11, 2021, 6:41 AM MST

A sharp drilling slowdown in the Permian Basin last year failed to improve the shale play’s record on methane emissions,…

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Shell’s falling oil output ends century-long business model

Thursday, February 11, 2021, 6:26 AM MST

Royal Dutch Shell plc said its carbon emissions and oil production have peaked and will decline in the coming years…

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First Nation lauds plan to protect traditional land use in oilsands management plan

Wednesday, February 10, 2021, 6:33 AM MST

The Alberta government says it has completed a plan to manage oilsands development in an area near the Fort McKay…

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Defence of Alberta oil or attempt to silence dissent? Judge to hear inquiry challenge

Wednesday, February 10, 2021, 6:12 AM MST

A judge is to hear arguments this week over whether Alberta's public inquiry into the purported foreign funding of environmental…

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BP swaps high returns for a cleaner future with unproven profits

Tuesday, February 9, 2021, 6:49 AM MST

One week and two deals later, BP plc has cemented the view that for an oil and gas company to…

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UN chief: Polluters must join 'net zero' club for climate

Tuesday, February 9, 2021, 6:24 AM MST

Polluters must step up their commitments to cutting greenhouse gas emissions ahead of a crucial climate summit in November, U.N. Secretary-General Antonio…

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ESG an opportunity for industry associations to lead

Monday, February 8, 2021, 6 AM MST

Oil and gas industry associations are well placed to take a leadership role in helping their members integrate environmental, social…

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UN chief reappoints billionaire Bloomberg as climate envoy

Friday, February 5, 2021, 6:14 AM MST

The United Nations says American billionaire Michael Bloomberg has been reappointed as a special envoy to engage governments and businesses…

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