oil and gas

A Suncor logo is shown at the company’s annual meeting in Calgary, Thursday, May 2, 2019.THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy swings to $868-million profit in second quarter on increased output

Fuel demand in the quarter was about 13 per cent below the pre-COVID period in 2019

 

Using data from the Alberta Energy Regulator released under Freedom of Information legislation, a new report estimates the overall cleanup cost for the province’s 300,000 unreclaimed wells at somewhere between $40 billion and $70 billion. (File photo by The Canadian Press)

Update: Report calls for public takeover of old oil and gas wells to fund their cleanup

Most of Alberta’s energy wells no longer hold enough oil and gas…

 

The corporate logo of Pembina Pipeline Corp. (TSX:PPL) is shown. THE CANADIAN PRESS/HO

Pembina and TC Energy team up for carbon transportation and sequestration project

To be capable of transporting more than 20 million tonnes of carbon dioxide annually

The corporate logo of Pembina Pipeline Corp. (TSX:PPL) is shown. THE CANADIAN PRESS/HO
A decommissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., on October 29, 2016. THE CANADIAN PRESS/Jeff McIntosh

Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator

Problems with how Alberta ensured industry has cleaned up after itself

A decommissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., on October 29, 2016. THE CANADIAN PRESS/Jeff McIntosh
A computer wrapped in padlocked chains is seen in Montreal in a Dec. 14, 2012, photo illustration. The sort of brazen digital attack that recently shut down a key U.S. energy pipeline could strike Canada, says the head of the federal cyberprotection agency. THE CANADIAN PRESS/Ryan Remiorz

Attack that held U.S. pipeline hostage could happen in Canada: cyberprotection chief

Three Ontario hospitals were victims of ransomware attacks in 2019

A computer wrapped in padlocked chains is seen in Montreal in a Dec. 14, 2012, photo illustration. The sort of brazen digital attack that recently shut down a key U.S. energy pipeline could strike Canada, says the head of the federal cyberprotection agency. THE CANADIAN PRESS/Ryan Remiorz
Energy Minister Sonya Savage said cabinet approved the extension for the inquiry into the funding of oil and gas industry critics until July 30. (File photo by THE CANADIAN PRESS)

Inquiry into funding of Alberta oil and gas critics granted fourth extension

EDMONTON — Alberta’s inquiry into the funding of oil and gas industry…

Energy Minister Sonya Savage said cabinet approved the extension for the inquiry into the funding of oil and gas industry critics until July 30. (File photo by THE CANADIAN PRESS)
A decommissioned pumpjack is shown at a wellhead on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. A new report from the University of Calgary says the costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers. THE CANADIAN PRESS/Jeff McIntosh
A decommissioned pumpjack is shown at a wellhead on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. A new report from the University of Calgary says the costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers. THE CANADIAN PRESS/Jeff McIntosh
FILE - In this Thursday, April 29, 2021 file photo, giant bucket-wheel excavators extract coal at the controversial Garzweiler surface coal mine near Jackerath, west Germany. A report by the International Energy Agency on Tuesday, May 18, 2021 says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050. This includes ending investments in new coal mines, oil and gas wells. (AP Photo/Martin Meissner, File)

Energy agency: End new fossil fuel supply investments

IEA report sets out 400 steps to transform how energy is produced, transported and used

  • May 18, 2021
FILE - In this Thursday, April 29, 2021 file photo, giant bucket-wheel excavators extract coal at the controversial Garzweiler surface coal mine near Jackerath, west Germany. A report by the International Energy Agency on Tuesday, May 18, 2021 says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050. This includes ending investments in new coal mines, oil and gas wells. (AP Photo/Martin Meissner, File)
A Suncor logo is shown at the company’s annual meeting in Calgary on May 2, 2019. THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy and Atco working together on potential hydrogen project

Atco would construct and operate pipeline and hydrogen storage facilities

A Suncor logo is shown at the company’s annual meeting in Calgary on May 2, 2019. THE CANADIAN PRESS/Jeff McIntosh
Colonial Pipeline joue un rôle de premier plan dans le transport de l’essence, du kérosène, du diésel et d’autres produits pétroliers du Texas vers la côte Est.(AP Photo/Seth Wenig)

Pipeline officials hope most service will be back by weekend

Colonial Pipeline delivers about 45 per cent of the fuel consumed on East Coast

  • May 11, 2021
Colonial Pipeline joue un rôle de premier plan dans le transport de l’essence, du kérosène, du diésel et d’autres produits pétroliers du Texas vers la côte Est.(AP Photo/Seth Wenig)
The Enbridge logo is shown at the company’s annual meeting in Calgary on May 9, 2018. THE CANADIAN PRESS/Jeff McIntosh
The Enbridge logo is shown at the company’s annual meeting in Calgary on May 9, 2018. THE CANADIAN PRESS/Jeff McIntosh
Gas prices are displayed as a motorist prepares to pump gas at a station in North Vancouver on May 10, 2011. THE CANADIAN PRESS/Jonathan Hayward

Parkland aiming to about double adjusted EBITDA in less than five years

Increase could come from expanding its existing network

Gas prices are displayed as a motorist prepares to pump gas at a station in North Vancouver on May 10, 2011. THE CANADIAN PRESS/Jonathan Hayward
President Joe Biden waves after holding a virtual meeting with Canadian Prime Minister Justin Trudeau, in the East Room of the White House, Tuesday, Feb. 23, 2021, in Washington. THE CANADIAN PRESS/AP-Evan Vucci

New emission-cutting goals called ‘aggressive,’ ‘ambitious’ and ‘illogical’

Canadian industry is being compelled to cut methane emissions by 45 per cent by 2025

President Joe Biden waves after holding a virtual meeting with Canadian Prime Minister Justin Trudeau, in the East Room of the White House, Tuesday, Feb. 23, 2021, in Washington. THE CANADIAN PRESS/AP-Evan Vucci
Storage tanks are shown at the Marathon Petroleum Corp. refinery in Detroit on April 21, 2020. THE CANADIAN PRESS/AP, Paul Sancya
Storage tanks are shown at the Marathon Petroleum Corp. refinery in Detroit on April 21, 2020. THE CANADIAN PRESS/AP, Paul Sancya
FILE - This Jan. 14, 2015 file photo shows oil pump jacks in McKenzie County in western North Dakota. President Joe Biden shut down oil and gas lease sales from the nation’s vast public lands and waters in his first days in office, citing worries about climate change. Now his administration has to figure out what do with the multi-billion dollar program without crushing a significant sector of the U.S. economy, while fending off sharp criticism from congressional Republicans and the oil industry. (AP Photo/Matthew Brown, File)

In shift, oil industry group backs federal price on carbon

API calls for fast-tracking commercial deployment of long-sought technology to capture and store carbon emissions

  • Mar 26, 2021
FILE - This Jan. 14, 2015 file photo shows oil pump jacks in McKenzie County in western North Dakota. President Joe Biden shut down oil and gas lease sales from the nation’s vast public lands and waters in his first days in office, citing worries about climate change. Now his administration has to figure out what do with the multi-billion dollar program without crushing a significant sector of the U.S. economy, while fending off sharp criticism from congressional Republicans and the oil industry. (AP Photo/Matthew Brown, File)
People watch the sun set in the Red Sea port city of Jiddah, Saudi Arabia, Monday, Jan. 18, 2021. (AP Photo/Amr Nabil)

OPEC cartel, allies face decision on increasing oil output

OPEC Plus made deep cuts in output in 2020 to stave off a collapse in prices

  • Mar 4, 2021
People watch the sun set in the Red Sea port city of Jiddah, Saudi Arabia, Monday, Jan. 18, 2021. (AP Photo/Amr Nabil)
Pumpjacks draw oil out of the ground near Olds, Alta., Thursday, July 16, 2020. A new report suggests the economic impact of the pandemic led to a massive increase in federal aid to Canada’s oil patch. THE CANADIAN PRESS/Jeff McIntosh

Pandemic increased direct aid to fossil fuel producers, new study shows

At least $1.9 billion in direct aid to traditional energy sector last year

Pumpjacks draw oil out of the ground near Olds, Alta., Thursday, July 16, 2020. A new report suggests the economic impact of the pandemic led to a massive increase in federal aid to Canada’s oil patch. THE CANADIAN PRESS/Jeff McIntosh
The Alberta Treasury Branch reports that Alberta’s oil and gas revenues took a big pandemic hit in 2020. (File photo by The Canadian Press)
The Alberta Treasury Branch reports that Alberta’s oil and gas revenues took a big pandemic hit in 2020. (File photo by The Canadian Press)
An electric delivery crew works on restoring power to a neighbourhood following the winter storm that passed through Texas Thursday, Feb. 18, 2021, in Odessa, Texas. THE CANADIAN PRESS/AP-Eli Hartman/Odessa American via AP

Canadian firm Just Energy warns of huge losses due to extreme Texas winter weather

Canadian firm Just Energy warns of huge losses due to extreme Texas winter weather

An electric delivery crew works on restoring power to a neighbourhood following the winter storm that passed through Texas Thursday, Feb. 18, 2021, in Odessa, Texas. THE CANADIAN PRESS/AP-Eli Hartman/Odessa American via AP