Oil & Gas

CNRL boosts 2022 capex budget

Wednesday, January 12, 2022, 6:19 AM MST

Canadian Natural Resources Limited says it expects about $4.3 billion in capital spending this year, up from nearly $3.5 billion…

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Energy monitor blames Russia for European gas crisis

Wednesday, January 12, 2022, 6:14 AM MST

The head of the International Energy Agency blamed Russia for much of Europe's natural gas crisis, saying Wednesday that high prices and…

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Kazakhstan’s biggest oil field adjusts output because of unrest

Friday, January 7, 2022, 7:10 AM MST

Kazakhstan’s biggest oil producer has altered output at the giant Tengiz oil field amid unrest and protests in the country.…

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U.S. became world’s top LNG exporter, spurred by Europe crisis

Wednesday, January 5, 2022, 6:39 AM MST

The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as…

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European rights court takes up Norway Arctic drilling case

Tuesday, January 4, 2022, 6:20 AM MST

The European Court of Human Rights is asking Norway to respond to charges by activists that allowing new oil and…

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Enbridge closes $1.14B deal with Trencap LP

Monday, January 3, 2022, 6:02 AM MST

Enbridge Inc. says the previously announced $1.14-billion deal to sell its stake in Noverco Inc. to a company controlled by…

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Jet fuel joins oil recovery at last as air travel strengthens

Thursday, December 23, 2021, 6:58 AM MST

The last puzzle piece needed for a complete recovery in oil demand is falling into place with air travel consumption…

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B.C. Mounties say they are monitoring protest against Coastal GasLink pipeline

Tuesday, December 21, 2021, 6:03 AM MST

The RCMP say they are investigating allegations that protesters threatened security officials, set off flares and damaged vehicles at a…

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Europe is desperate for LNG while Asia has more than it needs

Monday, December 20, 2021, 6:44 AM MST

Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that…

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Fracking billionaire Hamm gives $50 million to start energy institute

Thursday, December 16, 2021, 6:43 AM MST

Billionaire oil wildcatter Harold Hamm is donating $50 million for a new research center at Oklahoma State University focused on “securing America’s…

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Parkland refinery ramps up processing following restart of Trans Mountain pipeline

Thursday, December 16, 2021, 6:06 AM MST

Parkland Corp. says it is ramping up processing at its B.C. refinery following the restart of the Trans Mountain pipeline.…

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Saudi oil minister says global production could plunge 30% this decade

Tuesday, December 14, 2021, 6:23 AM MST

Saudi Arabia said global oil production could drop 30 per cent by the end of the decade due to falling investment…

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