Oil & Gas

TC Energy reports $1.1 billion Q4 profit, raises quarterly dividend to 90 cents

Tuesday, February 15, 2022, 6:12 AM MST

TC Energy Corp. raised its dividend as it reported a fourth-quarter profit of $1.1 billion. The pipeline company says it…

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Oil and gas producers making deals across the green energy space

Tuesday, February 15, 2022, 6:09 AM MST

Solar, wind energy and hydrogen projects attracted significant deal interest from companies traditionally focused on upstream oil and gas in…

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Change your view on the danger of pressure

Tuesday, February 15, 2022, 6:09 AM MST

On a typical day at a wellsite in Veteran, Alberta, a worker completing a pressure test on a coil tube…

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Shell unit offers to buy rest of pipe operator for $1.6 billion

Monday, February 14, 2022, 7:13 AM MST

A unit of Shell plc offered to buy the rest of its pipeline affiliate for about $1.6 billion in cash,…

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OPEC+ supply shortfall may push oil price higher, IEA warns

Friday, February 11, 2022, 7:01 AM MST

Global oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production, unless the group’s Middle…

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Big Oil is pumping cash as if $100 oil has already arrived

Friday, February 11, 2022, 6:52 AM MST

The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel. BP plc,…

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Precision Drilling says higher oil prices working to its benefit as business picks up

Friday, February 11, 2022, 6:20 AM MST

The head of Precision Drilling Corp. says higher oil and gas prices are boosting business, as the company works to…

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Enbridge reports $1.84B fourth quarter profit, up from $1.78B a year ago

Friday, February 11, 2022, 6:15 AM MST

Enbridge Inc. reported its fourth-quarter profit rose compared with a year ago. The company says its profit attributable to common…

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Biden, Saudi King discussed OPEC+, oil stability and Yemen

Thursday, February 10, 2022, 6:47 AM MST

U.S. President Joe Biden and Saudi Arabia’s King Salman spoke on Wednesday about stabilizing energy prices, the status of the Iranian…

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Precision Drilling reports fourth quarter loss, revenue up 46% from year ago

Thursday, February 10, 2022, 6:13 AM MST

Precision Drilling Corp. says it lost $27.3 million in the fourth quarter of 2021 compared with a loss of $37.5…

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Over 4 million boe/d of production traded as deal values bounce back – new data

Thursday, February 10, 2022, 6 AM MST

Global upstream deal values within oil and gas returned to pre-pandemic levels in 2021, while the largest volume of production…

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Canadian gas producers: Emissions performance & financial/operating outlook – new case study

Wednesday, February 9, 2022, 6:38 AM MST

Many producers are awash with free cash flow – but what does this mean for their 2022 outlook in terms…

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