Oil & Gas

Historic oil glut amassed in the pandemic almost gone

Wednesday, April 21, 2021, 6:25 AM MDT

The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing…

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PrairieSky Q1 net profit nearly doubles as revenues increase on higher energy price

Tuesday, April 20, 2021, 6:20 AM MDT

PrairieSky Royalty Ltd. says its net income more than doubled in the first quarter on a nearly 13 per cent…

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Delivering safety and efficiency in facility hazard assessments

Monday, April 19, 2021, 5:39 PM MDT

In the midst of a pandemic that has slowed or shut down major sectors of the economy, assessments of prospective…

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Federal government looks beyond near term with climate stimulus

Monday, April 19, 2021, 5:25 PM MDT

Justin Trudeau’s government is proposing a raft of funding for Canadian companies — including money for infrastructure and tax incentives…

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Canadian emissions to make up outsized portion of what climate can bear: study

Thursday, April 15, 2021, 6:19 AM MDT

Greenhouse gas emissions from Canada’s oil and gas industry will make up an outsized share of the remaining carbon the…

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U.S. oil comprised 77 per cent of Canada's foreign oil imports last year: regulator

Wednesday, April 14, 2021, 6:16 AM MDT

Canada is growing ever more reliant on imported American oil, a new report from the country's energy regulator suggests, putting…

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U.S. oil output nears levels not seen since pandemic’s start

Tuesday, April 13, 2021, 6:29 AM MDT

The Permian Basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start…

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Tamarack Valley strikes deal to buy private Anegada Oil for $494 million

Monday, April 12, 2021, 6:49 PM MDT

In another sign of ongoing Canadian oilpatch consolidation, Tamarack Valley Energy Ltd. says it has agreed to buy private Anegada…

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Non-profit Quebec law centre to aid environmental group targeted by Alberta oil firm

Monday, April 12, 2021, 6:22 AM MDT

The Quebec Environmental Law Centre is coming to the aid of an environmental group targeted by an Alberta oil company…

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Shell to make first profit from oil output since pandemic

Wednesday, April 7, 2021, 6:23 AM MDT

Royal Dutch Shell plc said it expects to make the first profit from pumping oil since the start of the…

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Industry optimism rising with production but producers still cautious

Tuesday, April 6, 2021, 5:12 PM MDT

Predictions of the end of the oil industry during a global price war and the pandemic a year ago have…

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Bonterra Energy CEO says end of takeover battle with Obsidian comes as a relief

Thursday, April 1, 2021, 6:28 AM MDT

The chairman and CEO of Bonterra Energy Corp. says he's relieved that rival Obsidian Energy Ltd. ended its hostile takeover…

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