Oil & Gas

U.S. oil comprised 77 per cent of Canada's foreign oil imports last year: regulator

Wednesday, April 14, 2021, 6:16 AM MDT

Canada is growing ever more reliant on imported American oil, a new report from the country's energy regulator suggests, putting…

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U.S. oil output nears levels not seen since pandemic’s start

Tuesday, April 13, 2021, 6:29 AM MDT

The Permian Basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start…

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Tamarack Valley strikes deal to buy private Anegada Oil for $494 million

Monday, April 12, 2021, 6:49 PM MDT

In another sign of ongoing Canadian oilpatch consolidation, Tamarack Valley Energy Ltd. says it has agreed to buy private Anegada…

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Non-profit Quebec law centre to aid environmental group targeted by Alberta oil firm

Monday, April 12, 2021, 6:22 AM MDT

The Quebec Environmental Law Centre is coming to the aid of an environmental group targeted by an Alberta oil company…

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Shell to make first profit from oil output since pandemic

Wednesday, April 7, 2021, 6:23 AM MDT

Royal Dutch Shell plc said it expects to make the first profit from pumping oil since the start of the…

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Industry optimism rising with production but producers still cautious

Tuesday, April 6, 2021, 5:12 PM MDT

Predictions of the end of the oil industry during a global price war and the pandemic a year ago have…

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Bonterra Energy CEO says end of takeover battle with Obsidian comes as a relief

Thursday, April 1, 2021, 6:28 AM MDT

The chairman and CEO of Bonterra Energy Corp. says he's relieved that rival Obsidian Energy Ltd. ended its hostile takeover…

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Study finds Alberta quotas successfully boosted crude prices, warns of lingering effects

Thursday, April 1, 2021, 6:21 AM MDT

An oil curtailment system set in place by the Alberta NDP in early 2019 and continued by the United Conservative…

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Seven Generations Energy and ARC Resources shareholders approve $8.1 billion merger

Thursday, April 1, 2021, 6:12 AM MDT

Shareholders owning more than 95 per cent of the stock in ARC Resources Ltd. have approved its merger with fellow…

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OPEC+ panel revises down oil-demand estimate before meeting

Wednesday, March 31, 2021, 6:44 AM MDT

A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of…

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New Mexico passes stricter rules to cut gas flaring

Monday, March 29, 2021, 7:03 AM MDT

New Mexico became the latest state to impose stricter rules to combat the flaring and venting of natural gas. The…

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A sign of the times: CAODC drilling association ponders change to 72-year-old name

Monday, March 29, 2021, 6:15 AM MDT

In a sign of changing times in the oilpatch, the head of the group representing contract drilling companies in Canada…

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