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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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