Oil & Gas

Thailand’s oil giant is going on a green spending spree

Friday, August 13, 2021, 7:01 AM MDT

Thailand’s oil giant, whose sales account for about 10 per cent of the nation’s economic output, is suddenly spending billions…

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IEA cuts oil demand outlook on virus, sees surplus in 2022

Thursday, August 12, 2021, 6:27 AM MDT

The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent…

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Gasoline prices will depend on Delta variant’s effect on economy: analyst

Wednesday, August 11, 2021, 6:31 AM MDT

Gas price analysts say prices at the pump are still at the whim of the Delta variant of COVID-19, and…

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Era of cheap natural gas ends

Monday, August 9, 2021, 6:39 AM MDT

The era of cheap natural gas is over, giving way to an age of far more costly energy that will…

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Inter Pipeline Q2 profit more than doubles to $145.5 million on revenue boost

Monday, August 9, 2021, 6:20 AM MDT

Inter Pipeline Ltd. says its net profit more than doubled in its latest quarter as revenues increased 30 per cent.…

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Pembina Q2 revenues climb on elevated commodity prices while profit dips

Monday, August 9, 2021, 5:57 AM MDT

Pembina Pipeline Corporation says its net profit dipped in the second quarter despite higher total revenues as elevated commodity prices…

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Texas oil regulator floats tax credits for natural gas projects

Friday, August 6, 2021, 6:43 AM MDT

The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of…

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BP closes big oil earnings season with surprise dividend boost

Tuesday, August 3, 2021, 6:58 AM MDT

BP plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit. The…

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Alberta receives inquiry's final report on eco groups and energy industry

Tuesday, August 3, 2021, 6:12 AM MDT

The public inquiry report into what the Alberta government labels troublesome foreign funding of enviro-groups was delivered Friday – a…

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N.L. oil refinery with uncertain future has new buyer interested in renewable fuels

Friday, July 30, 2021, 6:11 AM MDT

An idled oil refinery in the Newfoundland and Labrador town of Come By Chance has found a buyer. A spokesperson for the…

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Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

Wednesday, July 28, 2021, 6:10 AM MDT

Crescent Point Energy Corp. raised its 2021 production guidance stemming from higher energy prices after swinging to a $2.14-billion profit…

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Pembina to pocket $350 million after terminating acquisition of Inter Pipeline

Tuesday, July 27, 2021, 7:03 AM MDT

Pembina Pipeline Corp. will pocket a $350-million break fee after terminating its acquisition of Inter Pipeline Ltd. The move comes…

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