Oil & Gas and Mining News

CALGARY — Imperial Oil Ltd. says it has started production at its new Grand Rapids oilsands project located at its Cold Lake operating site. The Calgary-based company, which is majority owned by U.S.

CALGARY — It will be more than five years before Suncor Energy Inc. makes any significant investments to secure new bitumen supply, the Calgary-based oil company said Tuesday.

WASHINGTON (AP) — The Biden administration said Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.

OTTAWA — A parliamentary committee has summoned Canada's big five bank CEOs to talk about the environmental and climate impacts of the financial system.

OTTAWA — Manufacturing sales fell 2.1 per cent to $69.9 billion in March as sales of petroleum and coal products and motor vehicles fell, Statistics Canada said Wednesday.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain, fell 1.1 per cent to $81.4 billion in March.

SAINT JOHN, N.B. — Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent growing the oil business his father founded.

TORONTO — Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report.

CALGARY — Exploring a potential purchase of the Trans Mountain oil pipeline is not a major priority right now for Pembina Pipeline Corp., the Calgary-based company said.

CALGARY — After a recent spree of large-scale transactions cementing it as the dominant player in two major North American petroleum plays, Crescent Point Energy Corp. says it is done with buying and selling assets for the near future.