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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
