Oil & Gas and Mining News

CALGARY — A hearing panel for Alberta's energy regulator has upheld two orders against a company that had thousands of inactive oil and gas wells seized last year.

EDMONTON — Some energy companies are still failing to pay millions of dollars in taxes, says a survey released this week by the Rural Municipalities of Alberta. Oil and gas producers missed $43 million dollars in payments last year, the group says.

CALGARY — Parkland Corp. says it earned $86 million in its fourth quarter, up from $69 million a year earlier. The Calgary-based company says earnings per diluted share were 48 cents, up from 39 cents during the same quarter the year before.

CALGARY — The company building the Trans Mountain pipeline expansion now estimates the project's costs will come in 10 per cent higher than its May 2023 estimate of $30.9 billion. That's according to a regulatory filing Trans Mountain Corp.

CALGARY — The industry group representing Canada's oil and gas producers says capital investment in the sector will edge slightly higher in 2024.

CALGARY — Canadian crude-by-rail shipments nearly doubled in volume in the last six months of 2023, as oil output from Alberta surged to all-time highs and the Trans Mountain pipeline expansion remained under construction.

FREDERICTON — The president of Irving Oil is stepping down as the company undergoes a strategic review that includes the possible sale of the business.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Cargojet results Cargojet Inc. will report its fourth-quarter results and hold a conference call with investors before markets open on Monday.

CALGARY — The company behind the proposed Cedar LNG facility said this week itwill defer making a final investment decision on the project until mid-2024. Pembina Pipeline Corp.

CALGARY — Oilsands giant Suncor Energy Inc., which has been heavily criticized in recent years for an abnormally high number of workplace deaths at its sites, reported that 2023 was its best year ever in terms of worker safety.