Oil & Gas and Mining News

CALGARY — Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs.

SQUAMISH, B.C.

CALGARY — Precision Drilling Corp. says its long-term debt reduction target is on track and it met its 2023 goal by shedding $152 million of debt.

CALGARY — Parkland Corp.'s largest shareholder no longer has a seat on the fuel retailer's board after the recent resignations of two board members. The Calgary-based company announced on Dec.

LAVAL, Que. — Alimentation Couche-Tard Inc. says it has completed its acquisition of certain European retail assets from French oil giant TotalEnergies SE.

CALGARY — Suncor Energy Inc.'s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever.

REGINA — The Saskatchewan government says its natural gas utility is to stop collecting the carbon levy as of Monday from residential customers.

As one province pauses the gas tax to provide savings at the pumps, another is bringing it back. The Manitoba government says that starting Monday, motorists won't have to pay 14 cents per litre in fuel tax for the next six months.

OTTAWA — Business headlines in 2023 saw a housing crisis and the fight against inflation take centre stage while the job market proved to be stronger than expected.

LONDON (AP) — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year.