Oil & Gas and Mining News

TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here's what you need to know.

CALGARY — Precision Drilling Corp.

EDMONTON — Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil.

CALGARY — Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year. Canada's largest oil-and-gas drilling rig company says the profit works out to $2.

EDMONTON, ALBERTA, CANADA — Alberta Premier Danielle Smith says a potential budget deficit next year is not off the table as oil prices sit below what was projected.

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.

TORONTO — Ontario is moving to extend a 5.7-cent cut to the provincial gas tax until next summer. Premier Doug Ford says his government will soon put forward legislation that, if passed, will keep the tax at nine cents per litre until June 30.

WASHINGTON — Environmental experts are warning American voters that whoever takes the White House could set a path forward or pull the world backwards at a critical time for the climate crisis. "The U.S.

The federal government will begin this winter to quickly analyze how climate change is shifting the odds of extreme cold temperatures, broadening the application of the system it rolled out over the summer to study heat waves.

CALGARY — Natural gas producers in Western Canada have white-knuckled it through months of depressed prices, with the expectation that their fortunes will improve when LNG Canada comes online in the middle of next year.