Oil & Gas
EU agrees to set $60 price cap level for Russian oil exports
Monday, December 5, 2022, 6:57 AM MST
The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for…
Russia won’t accept $60 price cap on its oil, Kremlin says
Monday, December 5, 2022, 6:55 AM MST
Russia will not accept the $60 per barrel price cap for its crude oil agreed upon by the European Union,…
OPEC+ pauses as Russia sanctions and China COVID rules roil crude markets
Monday, December 5, 2022, 6:54 AM MST
OPEC+ responded to surging volatility and growing market uncertainty by keeping oil production unchanged. The outcome of the brief online…
Price cap on Russian oil won’t impact India, oil minister says
Monday, December 5, 2022, 6:52 AM MST
India isn’t worried by a European Union price cap on Russian crude, oil minister Hardeep Puri said, signalling that the…
Canadian Natural Resources plans $5.2 billion in capital spending in 2023
Thursday, December 1, 2022, 6:11 AM MST
Canadian Natural Resources Ltd. says it expects to spend $5.2 billion on its capital budget next year as it looks…
Qatar to supply Germany with LNG under long-term gas deal
Wednesday, November 30, 2022, 6:39 AM MST
Qatar has agreed to supply Germany with liquefied natural gas under a long-term deal that will go a small way…
Enbridge finalizes Woodfibre LNG deal to assume 30 per cent ownership stake
Wednesday, November 30, 2022, 6:11 AM MST
Enbridge Inc. says it has completed a previously announced transaction giving it a 30 per cent ownership stake in the…
OPEC+ seen considering deeper supply cuts as market falters
Tuesday, November 29, 2022, 6:57 AM MST
OPEC and its allies are expected to consider deeper supply curbs when they meet this weekend against the backdrop of…
Alberta’s famous ‘wage premium’ rapidly eroding, experts say
Monday, November 28, 2022, 6:18 AM MST
Worker paycheques in the province that once led the country in wage growth have flatlined, but experts say the double…
Oil and gas drilling sector wants federal tax credit to help it decarbonize
Wednesday, November 23, 2022, 5:52 PM MST
The organization representing Canada's oil and gas drilling sector is asking the federal government to create a new tax credit…
Oil and gas drilling sector expects activity to pick up in 2023
Wednesday, November 23, 2022, 3:24 PM MST
The organization representing Canada's oil and gas drilling sector says it expects more activity in 2023, even as it continues…
'Substantial relief': Alberta premier announces $2.4B inflation aid package
Wednesday, November 23, 2022, 6:32 AM MST
Premier Danielle Smith, with Alberta enjoying billions of dollars in surplus cash, announced Tuesday a batch of inflation-fighting relief aid,…
