Oil & Gas and Mining News

CALGARY — Tourmaline Oil Corp. says it earned $700.2 million in the last quarter of 2023, up from a loss of $30.4 million a year earlier. The Calgary-based company says revenues were $1.7 billion, down from $2.2 billion in the fourth quarter of 2022.

EDMONTON — An Alberta First Nation has filed a sweeping lawsuit against the province's energy regulator and the government over releases from an oilsands mine, alleging the agency acted in bad faith and is set up in a way that violates the Constituti

CALGARY — Enbridge Inc. is bullish on the future of its Mainline pipeline system in light of projections that Canadian oil output could exceed the country's pipeline export capacity as early as 2026.

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday.

CALGARY — Enbridge Inc. says the federal energy regulator has approved the tolling deal for its Mainline pipeline system. It's the latest milestone after the Calgary-based company reached an agreement with shippers in May of last year.

CALGARY — TC Energy Corp.'s plan to shore up its balance sheet with $3 billion or more in asset sales took a step forward Monday after a deal to sell a U.S. pipeline.

CALGARY — Simpson Oil Ltd. says it will evaluate its options to protect its shareholder rights once restrictions under an agreement that limits its ability to nominate and vote for board members at Parkland Corp. expire on March 31.

CALGARY — MEG Energy Corp. is promoting Darlene Gates to the role of chief executive. The oilsands company says Gates, who is the company's chief operating officer, will take over the top job on May 1 when Derek Evans steps down from the role.

Canadian Natural Resources Ltd. drew on its abundant reserves to set a slew of production records last quarter, boosting its bottom line by 72 per cent. The country's largest oil and gas producer by market capitalization churned out 1.

CALGARY — Crescent Point Energy Corp. raised its quarterly base dividend by 15 per cent as it reported fourth-quarter net income of $951.2 million compared with a loss of $498.1 million a year earlier.