Oil & Gas and Mining News

CALGARY — Suncor Energy Inc. says it has wrapped 1,500 job cuts two months ahead of schedule, but that it will continue to look for areas to trim as part of a wider efficiency push.

FORT McMURRAY, Canada (AP) — During a May wildfire that scorched a vast swath of spruce and pine forest in northwestern Canada, Julia Cardinal lost a riverside cabin that was many things to her: retirement project, gift from from her husband, and som

CALGARY — Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year's quarter. The Calgary-based energy giant says its earnings work out to $1.

TORONTO — Canada and other major fossil-fuel-producing countries are failing to meet targets to keep global warming in check, putting the world’s energy transition at risk, a newly released major international report warned Wednesday.

CALGARY — With its Coastal GasLink pipeline project completed, TC Energy Corp. said its goal for the next few years will be to live within its means and control its capital expenditures.

CALGARY — South Korean company Posco Holdings is considering investing in the exploration, development and commercialization of lithium in Alberta.

OTTAWA — The plan to enable Canada to reach its 2030 targets for greenhouse-gas emissions doesn't quite measure up, the federal environment commissioner says in a new audit.

CALGARY — The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the next couple of months.

CALGARY — Crescent Point Energy Corp. has inked another blockbuster deal in the Canadian oilpatch, solidifying its place as the dominant player in the Montney, one of North America's largest unconventional petroleum plays.

MEG Energy Corp. says it earned $249 million in the third quarter, up from $156 million a year earlier. The Calgary-based energy company says earnings per diluted share were 86 cents, up from 51 cents during the same quarter last year.