Oil & Gas

U.S. sees record oil production next year moving even higher

Wednesday, February 9, 2022, 6:33 AM MST

U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to…

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Petronas Energy Canada CEO to depart for Malaysia

Wednesday, February 9, 2022, 6:09 AM MST

Petronas Energy Canada Ltd. has announced a leadership change. The Calgary-based natural gas company, a subsidiary of state-owned Malaysian energy…

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Crescent Point seeks buyer for Western Canada oil assets

Tuesday, February 8, 2022, 7:11 AM MST

Canadian light oil producer Crescent Point Energy Corp. is looking to sell a package of lands in Alberta and Saskatchewan…

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BP promises another $1.5 billion buyback as profit soars

Tuesday, February 8, 2022, 6:22 AM MST

BP Plc boosted share buybacks after surging oil and gas prices lifted profit to the highest in almost a decade.…

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Suncor eyes sale of U.K. oil field stake in shift from North Sea

Friday, February 4, 2022, 6:43 AM MST

Suncor Energy Inc., already marketing its assets in Norway to potential buyers, will also “assess market interest” in part of its stake…

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Shell boosts buyback as profit soars on high oil, gas prices

Thursday, February 3, 2022, 6:41 AM MST

Shell Plc expanded its share buybacks after reporting profit that blew past analyst estimates on the back of surging energy…

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Enerplus looking to sell Canadian assets but will maintain head office

Thursday, February 3, 2022, 6:11 AM MST

Enerplus Corp. says it is looking to sell its Canadian assets later this year but will maintain its head office.…

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CAPP expects oil and gas investment to rise 22 per cent this year to $32.8 billion

Friday, January 21, 2022, 6:11 AM MST

Canada's largest oil and gas industry group says capital spending in the oilpatch will hit $32.8 billion this year, a…

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Canada to face challenge in remaining major oil power, IEA warns

Thursday, January 13, 2022, 6:28 AM MST

Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward…

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Imperial to market Montney, Duvernay assets in central Alberta

Thursday, January 13, 2022, 6:07 AM MST

Imperial Oil Limited says it intends to market its more than 260,000 hectares of assets in the Montney and Duvernay…

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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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