Oil & Gas and Mining News

CALGARY — Shares of Parex Resources Inc. were down nearly 30 per cent in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity.

Planet-warming emissions released by Canada's record-breaking 2023 wildfires were quadruple the country's fossil fuel emissions for the previous year, and were surpassed only by the three most high-emitting countries, a new NASA study has found.

Certain solar farms will be banned on prime agricultural land in Ontario as the province expands energy production to meet demand in the coming decades, Energy Minister Stephen Lecce said Wednesday.

CALGARY — A search committee has been struck to look for a new head of the Alberta Energy Regulator. The group's current president, Laurie Pushor, announced last week that he wouldn't seek a new contract after his current term expires next April.

CALGARY — Imperial Oil has been fined $50,000 after the province's energy regulator concluded the company broke environmental laws when wastewater containing oilsands tailings seeped outside its lease boundary in 2022.

EDMONTON — Alberta's United Conservative government is trying to increase production from the province's declining conventional oil and gas fields at the expense of local tax bases, environmental oversight and the public interest, says the group repr

Triple Point Resources Ltd. CEO Julie Lemieux wants people to understand the sheer size of the Fischell Salt Dome, a geological formation on Newfoundland's west coast she says could play a key role in the green energy transition.

CALGARY — TC Energy Corp. says it and its partner have successfully completed the sale of Portland Natural Gas Transmission System. Earlier this year, the companies announced they were selling the U.S. pipeline for US$1.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.6 per cent to $82.4 billion in June. The agency says sales fell in five of the seven subsectors.

CALGARY — Tourmaline Oil Corp. continues to snap up natural gas assets, this time with a $1.3-billion deal that will see it acquire Montney-focused natural gas producer Crew Energy Inc.