Oil & Gas and Mining News

DEER PARK, Texas (AP) — A flame that towered over a southeast Houston suburb subsided Tuesday but was still burning following a pipeline explosion that happened when a vehicle drove through a Walmart parking lot fence and struck an above-ground valve

EDMONTON — Alberta's energy minister is promising strong action by next fall to clean up the province's growing backlog of unreclaimed oil and gas sites.

OTTAWA — Statistics Canada says manufacturing sales rose 1.4 per cent to $71 billion in July, helped by higher sales in the petroleum and coal and chemical product subsectors. The increase followed a 1.7 per cent decrease in June.

HALIFAX — An energy firm based in Ireland is planning build a plant in eastern Nova Scotia to produce sustainable aviation fuel using about 700,000 tonnes of wood biomass annually.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

VICTORIA — British Columbia's Environment Assessment Office has fined Coastal GasLink Pipeline Ltd. $590,000 for "deficiencies" in the construction of its pipeline crossing the province.

FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S.

CALGARY — A deal that was billed as Canada's largest-ever Indigenous equity ownership agreement has hit a snag. TC Energy Corp.

A newly released ranking of the Toronto Stock Exchange's top performers shows investors continue to be attracted to companies at the forefront of the energy transition.

CALGARY — Pembina Gas Infrastructure Inc. has signed a deal to buy a group of infrastructure assets from Veren Inc. for $400 million. Under the agreement, PGI — a Western Canadian gas processing company jointly owned by Pembina Pipeline Corp.