oil & gas

Suncor’s base plant with upgraders is seen in Fort McMurray, Alta. on June 13, 2017. The officially disclosed carbon footprints of Canada’s largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect. THE CANADIAN PRESS/Jason Franson

U.S. proposal could change the way oil companies report their carbon footprint

Companies would have to include greenhouse gases they produce indirectly through customer use

 

Minister of Environment and Climate Change Steven Guilbeault arrives to Parliament Hill in Ottawa on Thursday, May 5, 2022. Guilbeault says Canada's big oil companies should be investing some of their record profits into projects to curb their greenhouse gas emissions. THE CANADIAN PRESS/Sean Kilpatrick

Record profits for oil companies should be invested in climate action: Guilbeault

Record profits for oil companies should be invested in climate action: Guilbeault

 

Minister of Natural Resources Jonathan Wilkinson rises during question period in the House of Commons on Parliament Hill in Ottawa on March 3, 2022. Wilkinson says it will be another week or two before Canada will know with certainty how much extra oil it can produce and ship to help offset bans on the use of fossil fuels from Russia. THE CANADIAN PRESS/Sean Kilpatrick

Canada expects plan for supplying some oil to Europe ready by March 23

Plan to be ready for the International Energy Agency meeting of energy ministers in Paris

 

The Cenovus logo is seen at the company's headquarters in Calgary, Alta., November 15, 2017. THE CANADIAN PRESS/Jeff McIntosh

Cenovus CEO says current high oil prices can’t be banked on moving forward

Cenovus CEO says current high oil prices can’t be banked on moving forward

The Cenovus logo is seen at the company's headquarters in Calgary, Alta., November 15, 2017. THE CANADIAN PRESS/Jeff McIntosh

Crescent Point Energy reports Q3 profit up from year ago as energy prices surge

Crescent Point Energy reports Q3 profit up from year ago as energy prices surge

The corporate logo of Teck Resources Limited is shown. Teck Resources Ltd. beat expectations as it reported a third-quarter profit of $816 million, up from $61 million in the same quarter last year, helped by strong commodity prices. THE CANADIAN PRESS/HO

Teck Resources reports record profits in Q3 as global commodities surge

Teck Resources reports record profits in Q3 as global commodities surge

The corporate logo of Teck Resources Limited is shown. Teck Resources Ltd. beat expectations as it reported a third-quarter profit of $816 million, up from $61 million in the same quarter last year, helped by strong commodity prices. THE CANADIAN PRESS/HO
Minister of Energy Sonya Savage listens while Premier Jason Kenney responds to the federal approval of the Trans Mountain Pipeline in Edmonton on June 18, 2019. A public inquiry into the foreign funding of anti-oilsands campaigns has found no wrongdoing despite the "significant" amount of funds provided to Canadian environmentalists from U.S. and European sources. THE CANADIAN PRESS/Amber Bracken

Alberta inquiry finds no wrongdoing in anti-oilsands campaign despite foreign funds

Alberta inquiry finds no wrongdoing in anti-oilsands campaign despite foreign funds

Minister of Energy Sonya Savage listens while Premier Jason Kenney responds to the federal approval of the Trans Mountain Pipeline in Edmonton on June 18, 2019. A public inquiry into the foreign funding of anti-oilsands campaigns has found no wrongdoing despite the "significant" amount of funds provided to Canadian environmentalists from U.S. and European sources. THE CANADIAN PRESS/Amber Bracken
Trainees attend a training session at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson

Precision Drilling Q3 revenue up more than 50% from year ago as drilling ramps up

Precision Drilling Q3 revenue up more than 50% from year ago as drilling ramps up

Trainees attend a training session at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson

Labour shortage concerns extend to oil and gas well cleanup efforts

Labour shortage concerns extend to oil and gas well cleanup efforts

An oil drilling rig operates near Cremona, Alta., Monday, July 12, 2021.THE CANADIAN PRESS/Jeff McIntosh

Shortage of rig workers could slow Canadian oilpatch recovery, industry warns

Shortage of rig workers could slow Canadian oilpatch recovery, industry warns

An oil drilling rig operates near Cremona, Alta., Monday, July 12, 2021.THE CANADIAN PRESS/Jeff McIntosh
Relief won’t be on the way at the pumps in Central Alberta anytime soon. Red Deer hit a yearly high of 138.8 earlier this month and petroleum experts expect prices to stay in that range for the foresable future. (Photo by Byron Hackett/Advocate staff)

Central Albertans shouldn’t expect record-high gas prices to ease anytime soon

Central Albertans certainly won’t be thankful for record-high gas prices heading back…

Relief won’t be on the way at the pumps in Central Alberta anytime soon. Red Deer hit a yearly high of 138.8 earlier this month and petroleum experts expect prices to stay in that range for the foresable future. (Photo by Byron Hackett/Advocate staff)
In this April 21, 2020 file photo, a pumpjack is pictured as the sun sets Tuesday, April 21, 2020, in Oklahoma City. The return of travel and the easing of pandemic restrictions around the globe has sent demand for oil skyrocketing. THE CANADIAN PRESS/AP/Sue Ogrocki File

Oil prices hit seven-year highs; US$100 oil possible this winter, experts say

Oil prices hit seven-year highs; US$100 oil possible this winter, experts say

In this April 21, 2020 file photo, a pumpjack is pictured as the sun sets Tuesday, April 21, 2020, in Oklahoma City. The return of travel and the easing of pandemic restrictions around the globe has sent demand for oil skyrocketing. THE CANADIAN PRESS/AP/Sue Ogrocki File
FILE - In this Oct. 12, 2016, file photo, the logo of French oil giant Total SA is pictured at company headquarters in La Defense business district, outside Paris. French energy giant Total signed mega contracts with Iraq worth $27 billion to develop oil fields, natural gas and a crucial water project that officials said Monday, Sept. 6, 2021, will be key for the oil-rich country to maintain crude output. (AP Photo/Michel Euler, File)

French giant signs mega deals with Iraq for oil, gas, water

French giant signs mega deals with Iraq for oil, gas, water

FILE - In this Oct. 12, 2016, file photo, the logo of French oil giant Total SA is pictured at company headquarters in La Defense business district, outside Paris. French energy giant Total signed mega contracts with Iraq worth $27 billion to develop oil fields, natural gas and a crucial water project that officials said Monday, Sept. 6, 2021, will be key for the oil-rich country to maintain crude output. (AP Photo/Michel Euler, File)
The corporate logo of Crescent Point Energy Corp. is shown. THE CANADIAN PRESS/HO

Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

The corporate logo of Crescent Point Energy Corp. is shown. THE CANADIAN PRESS/HO
The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*

MEG Energy boosts 2021 production guidance on strong six months and Q2 profits

MEG Energy boosts 2021 production guidance on strong six months and Q2 profits

The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
Trainees roll pipe off a catwalk during a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson

Precision Drilling posts $75.9 million loss in second quarter despite better outlook

Precision Drilling posts $75.9 million loss in second quarter despite better outlook

Trainees roll pipe off a catwalk during a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson
Terra Nova FPSO, a massive floating production, storage and offloading vessel used in the oil and gas industry, heads along the Newfoundland coast near St. John's on Friday, Aug. 3, 2001. THE CANADIAN PRESS/Andrew Vaughan

Researcher says N.L. wrong to ‘double down’ on fossil fuels with offshore subsidies

Researcher says N.L. wrong to ‘double down’ on fossil fuels with offshore subsidies

Terra Nova FPSO, a massive floating production, storage and offloading vessel used in the oil and gas industry, heads along the Newfoundland coast near St. John's on Friday, Aug. 3, 2001. THE CANADIAN PRESS/Andrew Vaughan
Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. The expected uptake of electric vehicles and higher goals coming from countries to reduce their greenhouse gas emissions are the top reasons why a climate-focused research group is calling on governments not to spend on Alberta's oil sector. THE CANADIAN PRESS/Jeff McIntosh

Climate ambition, push for electric vehicles driving down need for oil: report

Climate ambition, push for electric vehicles driving down need for oil: report

Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. The expected uptake of electric vehicles and higher goals coming from countries to reduce their greenhouse gas emissions are the top reasons why a climate-focused research group is calling on governments not to spend on Alberta's oil sector. THE CANADIAN PRESS/Jeff McIntosh
Alberta's provincial flag flies on a flag pole in Ottawa, Monday, July 6, 2020. A judge is expected to rule this morning on a challenge of the United Conservative government's inquiry into whether foreign groups have conspired against Alberta's oil industry. THE CANADIAN PRESS/Adrian Wyld

Judge dismisses attempt to quash ‘anti-Alberta’ activities inquiry

Judge dismisses attempt to quash ‘anti-Alberta’ activities inquiry

Alberta's provincial flag flies on a flag pole in Ottawa, Monday, July 6, 2020. A judge is expected to rule this morning on a challenge of the United Conservative government's inquiry into whether foreign groups have conspired against Alberta's oil industry. THE CANADIAN PRESS/Adrian Wyld
Pumpjacks pump crude oil in Alberta on June 20, 2007.  THE CANADIAN PRESS/Larry MacDougal

Court asked to step in as SanLing Energy warns it intends to stop operations

Court asked to step in as SanLing Energy warns it intends to stop operations

Pumpjacks pump crude oil in Alberta on June 20, 2007.  THE CANADIAN PRESS/Larry MacDougal