Markets & Investment

N.L. offers owners of Terra Nova oilfield $175 million – but only if oil flows again

Sunday, January 17, 2021, 3:43 PM MST

Newfoundland and Labrador is offering $175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts…

Read Article

French oil giant Total leaves U.S. energy group, months after exiting CAPP

Sunday, January 17, 2021, 3:39 PM MST

French oil and gas company Total says it will ditch its membership in the U.S.-based American Petroleum Institute because it…

Read Article

Exxon investigated by SEC over Permian valuations, WSJ says

Friday, January 15, 2021, 7:03 AM MST

Exxon Mobil Corp. is being investigated by the U.S. Securities and Exchange Commission after a whistleblower complaint from an employee…

Read Article

Oil retreats from 10-month high as stronger dollar dents rally

Friday, January 15, 2021, 6:41 AM MST

Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally, while investors…

Read Article

Oklahoma and Texas more attractive for oil and gas investment than Alberta: Survey

Friday, January 15, 2021, 6:27 AM MST

Oklahoma and Texas are more attractive than Alberta to invest in oil and gas, according to a new survey of petroleum-sector…

Read Article

Oil rally stalls below $53 after cold weather surge, Saudi cuts

Thursday, January 14, 2021, 6:55 AM MST

Oil dipped, after frigid temperatures and Saudi Arabia’s promised output cuts helped push prices to a 10-month high. Futures traded…

Read Article

Alberta musician Corb Lund comes out against proposed coal mines in Rocky Mountains

Thursday, January 14, 2021, 6:18 AM MST

Corb Lund, perhaps Canada’s pre-eminent singer about rural life and cowboy culture, is warning Albertans. “I've seen this coming for…

Read Article

Investor pressure on companies including Enbridge, BP boosted climate disclosures in 2020

Wednesday, January 13, 2021, 7:23 AM MST

Companies are more than twice as likely to report climate risk data when investors actively pressure them to do so, according to a…

Read Article

CAPP forecasts more than $3 billion boost in planned upstream spending for 2021

Wednesday, January 13, 2021, 7:18 AM MST

The Canadian Association of Petroleum Producers (CAPP) is forecasting that oil and gas companies will spend $27.3 billion in 2021,…

Read Article

Oil creeps above $53 as cold weather adds to market tightness

Wednesday, January 13, 2021, 6:20 AM MST

Oil crept higher, with a demand increase from cold weather the latest addition to a rally that has pushed crude…

Read Article

U.S., Canada prominent in decade’s Top 10 E&P deals – new data

Tuesday, January 12, 2021, 6:51 AM MST

Three Canadian upstream M&A deals rank in the 10 largest E&P transactions by acquisition value around the world in the…

Read Article

HSBC shareholders ask bank to cut fossil-fuel lending exposure

Tuesday, January 12, 2021, 6:29 AM MST

A group of HSBC holdings plc shareholders have filed a resolution urging the bank to cut its support to the…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.