Oil & Gas and Mining News

CALGARY — The outlook for Canada's oil and gas industry heading into 2024 is "exceedingly strong," the CEO of Canada's largest drilling rig contracting company said Thursday. Kevin Neveu, CEO of Calgary-based Precision Drilling Corp.

OTTAWA — The Competition Bureau says it has reached a deal with Global Fuels Inc. to address concerns over the company's deal to buy Greenergy's Canadian retail fuel business.

OTTAWA — Canada needs to move faster on renewable energy as a new international energy outlook forecasts demand for all fossil fuels will peak in seven years, Energy Minister Jonathan Wilkinson said Wednesday.

CALGARY — A geothermal energy company is the first recipient of funding from the Canada Growth Fund, the federal government's new $15-billion arm's-length public investment vehicle. Calgary-based Eavor Technologies Inc.

FRANKFURT, Germany (AP) — Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and toward renewable energy, electric cars and heat pumps — similar to how sharp increases in the price of o

The Alberta Energy Regulator is considering allowing oil and gas companies to reduce their environmental liabilities on old well sites before the cleanup is certified complete.

WASHINGTON — The federal government and Enbridge Inc. are trying to exploit a "dormant" and outdated treaty with the United States to forestall the shutdown of the Line 5 pipeline, human rights and environmental groups argue in new court documents.

NEW YORK — Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

ABUJA, Nigeria (AP) — A London judge on Monday overturned an arbitration award that would have required Nigeria to pay $11 billion over a failed gas project, finding the contract was obtained through fraud.

CALGARY — The Canada Energy Regulator has released its reasons behind its decision last month to allow Trans Mountain Corp. to go ahead with a pipeline route deviation against the wishes of a B.C. First Nation.