Oil & Gas

Canada's crude oil exports have increased 15-fold in 30 years: report

Tuesday, June 15, 2021, 6:04 AM MDT

The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a…

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N.L. oil workers gather in last ditch effort to save Terra Nova offshore oilfield

Monday, June 14, 2021, 3:52 PM MDT

About 100 oil workers gathered outside Newfoundland and Labrador’s legislature Monday, a day before Suncor Energy was expected to announce…

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Terra Nova oilfield shutdown could cost N.L. hundreds of millions of dollars

Monday, June 14, 2021, 6:32 AM MDT

The full shutdown of the dormant Terra Nova offshore oilfield could leave Newfoundland and Labrador on the hook for hundreds of millions of…

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Bridging the Digital Divide: How to ensure Canadian oilfield and utilities workers are ready for the impending technology transformation

Monday, June 14, 2021, 6:02 AM MDT

Three key recommendations from PwC’s field worker survey The pace of technology change is expected to accelerate over the next…

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Tourmaline Oil signs deal to buy Black Swan Energy worth $1.1B in stock and debt

Monday, June 14, 2021, 5:31 AM MDT

Tourmaline Oil Corp. says it has signed a deal to buy Black Swan Energy Ltd. in a deal worth $1.1…

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Global oil demand to hit pre-virus level next year, IEA says

Friday, June 11, 2021, 7:14 AM MDT

Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its…

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G-7 eyes ambitious shift to electric cars and away from oil

Thursday, June 10, 2021, 6:47 AM MDT

Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener…

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Force behind renaming and relocation of Encana set to retire in August

Wednesday, June 9, 2021, 6:56 AM MDT

The head of the energy company formerly called Encana is retiring this summer. Ovintiv Inc. says chief executive Doug Suttles…

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The retreat of Exxon and the oil majors won’t stop fossil fuel

Wednesday, June 9, 2021, 6:41 AM MDT

When Exxon Mobil Corporation decided to get out of a big oil field in Iraq, the government took on the unusual…

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Crescent Point sells non-core southeast Saskatchewan assets for $93 million

Tuesday, June 8, 2021, 6:13 AM MDT

Crescent Point Energy Corp. has sold its remaining non-core southeast Saskatchewan conventional assets for $93 million. As a result of…

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Rosneft warns of ‘severe’ oil shortage amid hasty energy shift

Monday, June 7, 2021, 6:37 AM MDT

Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a…

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Exxon activist expands boardroom presence with third seat

Friday, June 4, 2021, 6:33 AM MDT

Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according…

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