Oil & Gas

Shell says it will stop buying Russian oil, natural gas

Tuesday, March 8, 2022, 6:18 AM MST

Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and…

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Vermilion Energy reports $344.6M Q4 profit, announces quarterly dividend

Monday, March 7, 2022, 6:20 AM MST

Vermilion Energy Inc. reported a fourth-quarter profit of $344.6 million compared with a loss of $57.7 million a year earlier,…

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Alberta premier says province drafting relief plan to address soaring gas pump prices

Monday, March 7, 2022, 6:18 AM MST

Alberta Premier Jason Kenney says his government is working to provide financial relief to consumers being hammered by high gas…

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MEG chief executive sees ‘tremendous demand’ for Alberta oil

Monday, March 7, 2022, 6:14 AM MST

The chief executive of MEG Energy Corp. sees “tremendous demand” for Alberta oil due to the war in Ukraine and…

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Groups want educational materials from fossil fuel companies out of B.C. classrooms

Friday, March 4, 2022, 6:23 AM MST

The Canadian Association of Physicians for the Environment wants to stop fossil fuel companies from providing educational materials to public…

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Tourmaline Oil earns nearly half of record $2B of 2021 profit in fourth quarter

Friday, March 4, 2022, 6:09 AM MST

Tourmaline Oil Corp. says it earned nearly half of its $2 billion net profit last year in the final quarter…

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Great Russian exodus tees up tricky deals as firms cut ties

Thursday, March 3, 2022, 7:07 AM MST

The energy sector is leading a corporate pullback from Russia after the country’s invasion of Ukraine. Getting out won’t be…

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Energy security issues come to forefront for oil and gas sector amid war in Ukraine

Thursday, March 3, 2022, 6:40 AM MST

The war in Ukraine is being used as a case study by those on either side of the debate over…

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Chevron doubles buyback as spending cap helps lift cash flow

Wednesday, March 2, 2022, 6:45 AM MST

Chevron Corp. doubled its share buyback to as much as $10 billion a year, pledging that shareholders will see the…

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BP shares drop as investors weigh cost of exit from Russia

Monday, February 28, 2022, 7:15 AM MST

BP plc’s shares fell about five per cent as investors weighed the cost of its decision to exit Russia against…

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OPEC+ seen sticking to plan despite price shock from Ukraine war

Monday, February 28, 2022, 6:33 AM MST

OPEC+ will probably stick to its plan of only gradually increasing oil production when it meets this week, according to…

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Chevron targets 5 U.S. well sites in project to curb emissions

Friday, February 25, 2022, 7:18 AM MST

Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado…

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