oil and gas

Saudi, UAE economies rocked by plunging oil prices and virus

DUBAI, United Arab Emirates — It’s been a turbulent week for Saudi…

  • Mar 11, 2020

 

Cenovus cuts 2020 capital spending plan, lowers production guidance for the year

CALGARY — Cenovus Energy Inc. says it is cutting its capital spending…

 

Stocks, oil plunge over global fight for crude production

BEIJING — Global stock markets and oil prices plunged Monday after a…

  • Mar 9, 2020

 

OPEC calls for big production cut, but will Russia agree?

VIENNA — The oil-producing countries of the OPEC cartel are calling for…

  • Mar 5, 2020

Oil prices fall as coronavirus spreads outside China

NEW YORK — With the viral outbreak spreading to more countries, the…

  • Mar 2, 2020

Virus outbreak blamed for forecast fall in oil demand

FRANKFURT — The International Energy Agency expects demand for oil to fall…

  • Feb 13, 2020

Cenovus Energy reports $113M fourth-quarter profit, total production up

CALGARY — Cenovus Energy Inc. reported a fourth-quarter profit of $113 million…

Suncor Energy posts $2.3B loss as it writes down oilsands and offshore assets

CALGARY — Suncor Energy Inc. is reporting a net loss of $2.3…

Minnesota regulators give key approvals for Line 3 pipeline

ST. PAUL, Minn. — Minnesota utility regulators on Monday approved a court-ordered…

  • Feb 4, 2020

Federal Court to rule on Trans Mountain pipeline expansion challenge

VANCOUVER — The Federal Court of Appeal is set to release its…

Alberta landowners urge farmers to cut power to wells with unpaid debts

A group of Alberta landowners is asking farmers and ranchers to fight…

Municipalities want the power to make energy companies pay their tax bills

Rural Municipalities of Alberta says amount of unpaid tax bills is soaring

Alberta Energy Regulator laying off staff, restructures, deals with budget cuts

CALGARY — The agency responsible for approving and assessing energy development in…

Trans Mountain received $320M in government subsidies in first half 2019: report

VANCOUVER — The Trans Mountain pipeline received $320 million in subsidies from…

United We Roll prepares for Greta Thunberg

“Creating climate emergency hoax”

One-time items help push Cenovus Q2 profit up, operating earnings miss estimate

CALGARY — Cenovus Energy Inc.’s continuing operations had a $1.78-billion net profit…

Husky Energy gets help from Q2 tax relief but profit down from year earlier

CALGARY — Husky Energy Inc. says its second-quarter financial results were dragged…

PetroLMI report predicts 12,500 direct oil and gas sector job losses this year

CALGARY — Direct employment in Canada’s oil and gas sector is expected…