Oil & Gas and Mining News

CALGARY — Canadian Natural Resources Ltd.

CALGARY — Paramount Resources Ltd. raised its dividend by 20 per cent as it reported a first-quarter profit of $68.1 million. The oil and gas producer says it will now pay a monthly dividend of 15 cents per share, up from 12.5 cents per share.

SQUAMISH, B.C. — Plans to use a renovated cruise ship to house more than 600 workers at a liquefied natural gas facility near Squamish, B.C., have been voted down by the local council. The ship arrived in B.C.

CALGARY — Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery.

Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.

CALGARY — Canada's energy sector as well as the country's main oil-producing province celebrated Wednesday as the long-awaited $34-billion Trans Mountain pipeline expansion officially came online. Crown corporation Trans Mountain Corp.

CALGARY — Cenovus Energy Inc. executives warn it could be well into next year before oil companies resolve their ongoing dispute with Trans Mountain Corp. over rising pipeline shipping fees.

CALGARY — The long-awaited Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open.

MONTREAL — Pro-Palestinian activists have set up protest camps at McGill and a small number of other Canadian universities, following a wave of action seen at U.S. campuses.

The Alberta government is helping fund what it says is Canada's first test site for geothermal energy drilling techniques. Environment Minister Rebecca Schulz says the province will spend $750,000 to help fund a feasibility study on the project.