Oil & Gas and Mining News

CALGARY — The CEO of Enbridge Inc. is calling on the federal government to create a national Indigenous loan guarantee program to help First Nations communities in Canada acquire equity stakes in major resource and infrastructure projects.

GUERNSEY, Sask. — A Transportation Safety Board of Canada report says an undetected broken rail led to a fiery train derailment in Saskatchewan in 2019 that spilled about 1.77 million litres of oil.

CALGARY — The coming startup of the Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report.

CALGARY — TC Energy Corp. says it has closed its previously announced sale of a 40 per cent stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.3 billion.

CALGARY — Birchcliff Energy Ltd. has announced the retirement of chief executive officer Jeff Tonken.

CALGARY — French company TotalEnergies says it has finalized its sale of its 50 per cent stake in the Surmont oilsands project to U.S. oil company ConocoPhillipsin a deal worth up to $4.4 billion. Canadian oil producer Suncor Energy Inc.

CALGARY — Keyera Corp. is marking the opening of its KAPS pipeline, a 575-kilometre pipeline in Alberta which will provide additional transportation capacity to natural gas producers in Western Canada.

RIYADH, Saudi Arabia (AP) — Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year.

CALGARY — More than 50 Alberta CEOs, entrepreneurs and industry leaders are in Ottawa this week in an effort to raise the profile of their province and promote "collaboration" on issues related to energy, climate and the economy.

CALGARY — Strathcona Resources Ltd. says it has closed its merger with Pipestone Energy Corp. Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.