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Oil & Gas and Mining News

Trican Well Service buying Iron Horse Energy Services in stock-and-cash deal

Trican Well Service buying Iron Horse Energy Services in stock-and-cash deal

CALGARY — Trican Well Service Ltd. has signed a deal to buy Iron Horse Energy Services, a privately owned oilfield services provider. Under the deal, the company will pay $77.35 million in cash and 33.
Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M

Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M

CALGARY — Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million. The company says the facility is a non-core asset located in central Alberta.
'Historic moment': First LNG Canada shipment departs B.C. for Asia

'Historic moment': First LNG Canada shipment departs B.C. for Asia

KITIMAT — A tanker carrying the first liquefied natural gas to leave Canadian shores is sailing across the Pacific, a major milestone as the country looks to diversify its export markets for oil and gas beyond the United States.
Alberta byelection called for Aug. 18, giving Poilievre path back to House of Commons

Alberta byelection called for Aug. 18, giving Poilievre path back to House of Commons

OTTAWA — Pierre Poilievre has chosen one of the safest possible places to make his return to the House of Commons — but the rural Alberta riding he's hoping to win in an August byelection could also be dangerous territory for the Conservative leader.
Canada's liquefied natural gas touted — and doubted — as a green 'transition' fuel

Canada's liquefied natural gas touted — and doubted — as a green 'transition' fuel

CALGARY — Canada's first liquefied natural gas cargoes will soon arrive on Asian shores, a milestone touted — and doubted — as a boon for global emissions-cutting efforts.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Canada Day It is a start-and-stop week for Canadian business with the Canada Day holiday landing on a Tuesday this year.
Final budget numbers land: Alberta posts $8.3-billion surplus in 2024-25 fiscal year

Final budget numbers land: Alberta posts $8.3-billion surplus in 2024-25 fiscal year

The final numbers are in on last year's Alberta budget, and the bottom-line figure is an $8.3-billion surplus. It's $2.
Nova Scotia invests in climate change adaptations for its seafood industry

Nova Scotia invests in climate change adaptations for its seafood industry

HALIFAX — The Nova Scotia government says it will spend $1.73 million to help 22 seafood companies and related organizations reduce their carbon footprints.
Major projects: How Bill C-5 works and why it alarms its critics

Major projects: How Bill C-5 works and why it alarms its critics

OTTAWA — Parliament has passed controversial major projects legislation that Prime Minister Mark Carney says Canada needs to shore up its economy in the face of a trade war with the United States.
Climate group raises concerns about oil and gas representation on pension fund boards

Climate group raises concerns about oil and gas representation on pension fund boards

TORONTO — A climate advocacy group says oil and gas representation on the boards of Canada's big public pensions raise concerns about conflicts of interest.
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