Oil & Gas

EU agrees to set $60 price cap level for Russian oil exports

Monday, December 5, 2022, 6:57 AM MST

The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for…

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Russia won’t accept $60 price cap on its oil, Kremlin says

Monday, December 5, 2022, 6:55 AM MST

Russia will not accept the $60 per barrel price cap for its crude oil agreed upon by the European Union,…

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OPEC+ pauses as Russia sanctions and China COVID rules roil crude markets

Monday, December 5, 2022, 6:54 AM MST

OPEC+ responded to surging volatility and growing market uncertainty by keeping oil production unchanged. The outcome of the brief online…

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Price cap on Russian oil won’t impact India, oil minister says

Monday, December 5, 2022, 6:52 AM MST

India isn’t worried by a European Union price cap on Russian crude, oil minister Hardeep Puri said, signalling that the…

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Canadian Natural Resources plans $5.2 billion in capital spending in 2023

Thursday, December 1, 2022, 6:11 AM MST

Canadian Natural Resources Ltd. says it expects to spend $5.2 billion on its capital budget next year as it looks…

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Qatar to supply Germany with LNG under long-term gas deal

Wednesday, November 30, 2022, 6:39 AM MST

Qatar has agreed to supply Germany with liquefied natural gas under a long-term deal that will go a small way…

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Enbridge finalizes Woodfibre LNG deal to assume 30 per cent ownership stake

Wednesday, November 30, 2022, 6:11 AM MST

Enbridge Inc. says it has completed a previously announced transaction giving it a 30 per cent ownership stake in the…

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OPEC+ seen considering deeper supply cuts as market falters

Tuesday, November 29, 2022, 6:57 AM MST

OPEC and its allies are expected to consider deeper supply curbs when they meet this weekend against the backdrop of…

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Alberta’s famous ‘wage premium’ rapidly eroding, experts say

Monday, November 28, 2022, 6:18 AM MST

Worker paycheques in the province that once led the country in wage growth have flatlined, but experts say the double…

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Oil and gas drilling sector wants federal tax credit to help it decarbonize

Wednesday, November 23, 2022, 5:52 PM MST

The organization representing Canada's oil and gas drilling sector is asking the federal government to create a new tax credit…

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Oil and gas drilling sector expects activity to pick up in 2023

Wednesday, November 23, 2022, 3:24 PM MST

The organization representing Canada's oil and gas drilling sector says it expects more activity in 2023, even as it continues…

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'Substantial relief': Alberta premier announces $2.4B inflation aid package

Wednesday, November 23, 2022, 6:32 AM MST

Premier Danielle Smith, with Alberta enjoying billions of dollars in surplus cash, announced Tuesday a batch of inflation-fighting relief aid,…

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