Oil & Gas and Mining News

WINNIPEG — The Manitoba government is broadening its plan for a fuel tax holiday after receiving criticism from farm groups, snowmobilers and the Opposition Progressive Conservatives.

NICOSIA, Cyprus (AP) — The Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the seafloor off Cyprus, an official said Friday.

CALGARY — The Canada Energy Regulator has approved preliminary interim tolls that would see oil companies pay nearly twice as much to ship crude on the expanded Trans Mountain pipeline as what was estimated in 2017.

LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up.

WINNIPEG — The NDP government worked to clarify its plans for a temporary suspension of the provincial fuel tax Wednesday while the Opposition Progressive Conservatives called for the tax to be permanently eliminated.

CALGARY — Executives and senior leaders from Canada's oil and gas sector are heading to Dubai for the upcoming United Nations COP28 climate talks, eager to tell the world they are doing what they can to reduce greenhouse gas emissions.

CALGARY — Enbridge Inc. is raising its dividend as it expects its business to continue to grow next year.

VANCOUVER — The Coastal GasLink pipeline that stretches across northern B.C. is mechanically complete ahead of the company's year-end deadline. A statement from TC Energy Corp.

OTTAWA — The dispute between Ottawa and Alberta over environmental oversight spilled into a House of Commons committee meeting Tuesday when a Liberal member tried to pass a motion reprimanding the province's energy regulator.

CALGARY — TC Energy Corp. is raising its financial guidance for the year. The company says it now expects its comparable earnings before interest, taxes, depreciation and amortization for 2023 to be up about eight per cent from 2022.