Oil & Gas

Tourmaline reports $361 million third quarter profit, record quarterly cash flow

Thursday, November 4, 2021, 7:26 AM MDT

Tourmaline Oil Corp. reported record cash flow and net earnings of $361.1 million in the third quarter of 2021. The Calgary-based company…

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Alberta sends fewer to COP than any other energy province

Thursday, November 4, 2021, 6:33 AM MDT

The province with Canada's largest oil and gas industry has sent one of the country's smallest delegations to the COP26…

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US says oil, gas sales damage climate but won't stop them

Wednesday, November 3, 2021, 6:07 AM MDT

The Biden administration is planning to sell oil and gas leases on huge tracts of public land in the U.S.…

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Alberta government, Opposition say the province should be consulted on emissions caps

Tuesday, November 2, 2021, 6:22 AM MDT

Alberta politicians are warning the federal Liberal government that caps on greenhouse gas emissions from oil and gas will have…

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Oilpatch leaders fear 'reckless' move as Trudeau commits to emissions cap on sector

Tuesday, November 2, 2021, 6:14 AM MDT

The federal government must work co-operatively with industry as it looks to draft an emissions cap for the oil and…

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Refiners are less pressed to shut down plants as fuel demand rebounds

Monday, November 1, 2021, 7:08 AM MDT

After several years of plant closures and conversions to make renewable fuel, the pressure on American refiners to shut down…

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Oil majors won’t come running to help world facing energy crunch

Monday, November 1, 2021, 6:55 AM MDT

The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on…

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Alberta has much on the line as UN climate conference begins

Monday, November 1, 2021, 6:18 AM MDT

As world leaders descend on Glasgow this week for the start of the 2021 UN Climate Conference, Alberta will be…

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Chevron eyes more buybacks after cash flow rises to record

Friday, October 29, 2021, 6:47 AM MDT

Chevron Corporation is weighing more share buybacks while reining in spending after surging natural gas prices and oil-refining returns drove…

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Alberta tables bill to help municipalities recoup unpaid oil and gas property taxes

Friday, October 29, 2021, 6:35 AM MDT

The Alberta government has introduced legislation that it says would help municipalities recoup some of the millions of dollars in…

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Suncor earns $877M on increased production; doubles dividend

Thursday, October 28, 2021, 7:06 AM MDT

Suncor Energy Inc. says it earned a net profit of $877 million in its latest quarter as it continued to…

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Crescent Point reports Q3 profit up from year ago as energy prices surge

Thursday, October 28, 2021, 7:03 AM MDT

Crescent Point Energy Corp. reported a third-quarter profit of $77.5 million, up from $500,000 a year earlier, helped by higher…

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