Oil & Gas

​Oilsands companies restoring production as demand growth spurs higher prices

Tuesday, July 7, 2020, 4:51 PM MDT

Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic…

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​N.L. judge says extension of offshore drilling licence unreasonable

Tuesday, July 7, 2020, 4:29 PM MDT

Environmental groups are celebrating after the Newfoundland and Labrador Supreme Court ruled the province's oil and gas board acted unreasonably…

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​Attempts to close Line 5 pipeline a "threat" to consumers: Suncor CEO

Tuesday, July 7, 2020, 11:49 AM MDT

The CEO of Suncor Energy Inc. says attempts by Michigan state politicians to retire the Line 5 pipeline running through…

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​Buffett decision shows LNG projects on shaky political, economic ground: report

Tuesday, July 7, 2020, 6:11 AM MDT

Legendary investor Warren Buffett's decision to walk away from a proposed export terminal for liquefied natural gas in Quebec is…

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​Alberta justice minister cleared in ethics case tied to oil funding inquiry

Tuesday, July 7, 2020, 6:06 AM MDT

Alberta’s ethics commissioner says Justice Minister Doug Schweitzer did not break the rules when he hired Steve Allan to run…

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​As Big Oil stumbles, Total manages to stay on its feet

Monday, July 6, 2020, 6:37 AM MDT

Europe’s oil giants came into 2020 promising shareholders they can “do it all” – maintain generous dividends, keep the crude…

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​Presidential hopeful Biden could be swayed to supporting Keystone XL: Kenney

Monday, July 6, 2020, 6:28 AM MDT

Alberta Premier Jason Kenney says he believes United States presidential hopeful Joe Biden can be swayed to supporting the Keystone…

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​OPEC cuts output to lowest since 1991 as virus slams oil demand

Friday, July 3, 2020, 7:37 AM MDT

OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive…

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​Goldman says refineries to shut on less demand, new projects

Friday, July 3, 2020, 7:34 AM MDT

The global refining industry is entering a consolidation phase as slowing oil demand growth is set to coincide with large-scale…

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Cenovus Energy ships oil to New Brunswick via Panama Canal

Friday, July 3, 2020, 7:19 AM MDT

Cenovus Energy is sending a shipment of crude oil through the Panama Canal to a refinery in New Brunswick, after…

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​Oil pares weekly gain with virus fears countering tighter supply

Friday, July 3, 2020, 7:13 AM MDT

Oil slipped on Friday, paring a weekly gain as surprisingly strong U.S. economic data and tightening crude supplies jostled with…

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​Exxon’s historic losses multiply on virus-driven crude slump

Friday, July 3, 2020, 7:03 AM MDT

Exxon Mobil Corporation incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped…

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