Oil & Gas and Mining News

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.

VANCOUVER — Methanex Corp. has signed a deal to buy OCI Global's international methanol business in an agreement valued at US$2.05 billion, including assumed debt.

Landowner resistance seems to have quashed an Alberta government pilot program offering energy companies partial recognition for well site cleanup that isn't complete.

CALGARY — Canadian drivers are enjoying cheaper gas prices heading into fall, a trend experts say could persist through the remainder of the year. As of Friday morning, the average gasoline price in Canada was 152.

CALGARY — An oil and gas industry group is calling on the federal Competition Bureau to ensure environmental groups are held to the same truth-in-advertising standards as other sectors under new federal greenwashing rules.

CALGARY — Fuel retailer Parkland Corp. has put its Florida-based retail and commercial businesses on the market as part of a previously announced strategy to divest non-core assets.

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.