Oil & Gas

Shell posts record first-quarter profit on boost from gas unit

Thursday, May 4, 2023, 6:17 AM MDT

Shell plc posted a record first-quarter profit and maintained the pace of share buybacks as a strong trading performance and…

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Arctic oil drilling plans revived in Norway as priorities change

Wednesday, May 3, 2023, 3:51 PM MDT

Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries…

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Pemex posts first profit since early 2022 amid higher output

Wednesday, May 3, 2023, 3:44 PM MDT

Petroleos Mexicanos reported a $3.2 billion profit amid a rise in crude and condensate production, even as its debt continued…

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Saskatchewan looking into whether Ottawa’s clean electricity standards can be blocked, Moe says

Wednesday, May 3, 2023, 6:38 AM MDT

Saskatchewan Premier Scott Moe says the province may not go along with an incoming federal emission policy that he believes…

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Oil plunge deepens as concerns over economy drive selloff

Wednesday, May 3, 2023, 6:34 AM MDT

Oil fell for a third day, dropping below $70/bbl in New York, as the prospect of a U.S. recession threatened…

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Oil drops as product prices, Chinese data highlight weak demand

Tuesday, May 2, 2023, 6:08 AM MDT

Oil prices slid as concerns over short-term demand, including weaker-than-expected Chinese manufacturing data, outweighed expectations for tight supply later in…

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MEG Energy earns $81M; down 77 per cent from Q1 2022 as oil prices fall

Monday, May 1, 2023, 7:57 PM MDT

MEG Energy Corp. says it earned $81 million in the first quarter of 2023, a 77 per cent decrease from…

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Project progress under Impact Assessment Act remains slow, says report

Monday, May 1, 2023, 2:52 PM MDT

The approvals process for major projects in Canada continues to be slow and cumbersome under revamped environmental assessment legislation, according…

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Enbridge buys underground natural gas storage facility

Monday, May 1, 2023, 2:45 PM MDT

Enbridge Inc. has signed a deal to buy a large underground natural gas storage facility in B.C. for $400 million.…

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TotalEnergies to buy LNG from UAE’s Adnoc Gas under $1 billion deal

Monday, May 1, 2023, 10:57 AM MDT

The United Arab Emirates’ state energy company has signed a deal to supply TotalEnergies SE with liquefied natural gas, as…

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Shell is selling its stake in Australian gas project to BP

Monday, May 1, 2023, 6:38 AM MDT

Shell Plc signed an agreement to sell to BP Plc its 27 per cent stake in the carbon-intensive Browse natural…

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Occidental hopes to sell the carbon it captures at the world’s biggest plant

Monday, May 1, 2023, 6:27 AM MDT

When Occidental Petroleum Corp. opens the world’s biggest plant for capturing carbon dioxide out of the sky in two years, the oil…

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