Oil & Gas

Crescent Point reports $1.18B Q1 profit, raises quarterly dividend

Thursday, May 12, 2022, 1:38 PM MDT

Crescent Point Energy Corp. hiked its quarterly dividend by more than 40 per cent Thursday and said it will soon…

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N.L. oil regulator releases call for offshore exploration bids after federal delay

Thursday, May 12, 2022, 6:19 AM MDT

Newfoundland and Labrador's oil industry regulator is releasing its 2022 call for bids on new offshore exploration licences. The Canada-Newfoundland…

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Alberta Appeal Court says federal environmental impact law not OK

Wednesday, May 11, 2022, 6:03 AM MDT

Alberta's top court said Tuesday that the federal government's environmental impact law is unconstitutional and Ottawa almost immediately announced its…

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Pembina raises 2022 guidance after posting record first quarter results

Friday, May 6, 2022, 6:10 AM MDT

Pembina Pipeline Corp. is raising its 2022 guidance after posting record quarterly results due to higher natural gas and crude…

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Record profits for oil companies should be invested in climate action: Guilbeault

Thursday, May 5, 2022, 2:49 PM MDT

Canada's big oil companies are making record profits this year and should be using some of that extra cash to…

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Updated: Canadian Natural Resources posts higher Q1 profits from year ago

Thursday, May 5, 2022, 6:51 AM MDT

Canadian Natural Resources Ltd.'s profits more than doubled from a year ago in the first quarter, as surging oil prices…

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TC Energy reports $358M first quarter profit compared with loss a year ago

Friday, April 29, 2022, 6:20 AM MDT

TC Energy Corp. says it earned $358 million in its first quarter compared with a loss of $1.06 billion in…

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Whitecap Resources plans more gas drilling in late 2022 as prices surge

Thursday, April 28, 2022, 6:42 AM MDT

Whitecap Resources Inc. plans to increase natural gas activity in the second half of the year to capitalize on a…

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CAPP names new president and CEO

Thursday, April 28, 2022, 6:16 AM MDT

The Canadian Association of Petroleum Producers has named Lisa Baiton as its new president and CEO. Baiton replaces outgoing president…

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Big Oil’s huge Russia writedowns eased by cash from $100 oil

Tuesday, April 26, 2022, 6:52 AM MDT

Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the…

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Long-term gas deals become pricey as world moves to quit Russia

Thursday, April 21, 2022, 6:24 AM MDT

Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort…

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Alberta introduces bill for electricity bill rebates, possible natural gas rebates

Thursday, April 21, 2022, 6:13 AM MDT

The Alberta government has introduced legislation that would fulfil a promise to provide $150 in electricity rebates. Dale Nally, associate…

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