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Oil & Gas and Mining News

COP29 primer: Canada's priorities at the global climate talks, and the Trump impact

COP29 primer: Canada's priorities at the global climate talks, and the Trump impact

Canada could be an important consensus builder at this year's international climate negotiations, Environment and Climate Change Minister Steven Guilbeault said, while downplaying concerns that Donald Trump's presidential election victory could hampe
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Federal government faces potential loss if Trans Mountain pipeline sold: PBO

Federal government faces potential loss if Trans Mountain pipeline sold: PBO

Taxpayers are facing potential billions of dollars in losses on the sale of the Trans Mountain pipeline as the Parliamentary Budget Officer estimates its current value is less than the sum of its assets. The pipeline could be worth between $29.
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TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

CALGARY — TC Energy Corp.'s Southeast Gateway pipeline project in Mexico is on track to come in 11 per cent below budget and should be operational no later than mid-2025, the Calgary-based company said Thursday.
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Alberta asks municipalities to name oil companies not paying taxes, reeve says no use

Alberta asks municipalities to name oil companies not paying taxes, reeve says no use

EDMONTON — The Alberta government is asking rural municipalities to send letters pointing the finger at specific oil and gas companies that aren't paying their property taxes -- but one rural leader says there's no hope for enforcement.
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Pembina Pipeline seeing increased interest from potential Cedar LNG suppliers: CEO

Pembina Pipeline seeing increased interest from potential Cedar LNG suppliers: CEO

CALGARY — One of the partners behind the Cedar LNG project says it has seen an uptick in interest from potential long-term contracted natural gas suppliers since the project was green-lit in June. Calgary-based Pembina Pipeline Ltd.
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MEG says 2024 production to come in at low end of forecast due to wildfires

MEG says 2024 production to come in at low end of forecast due to wildfires

CALGARY — Oilsands producer MEG Energy Corp. expects its full-year 2024 production to come in towards the lower end of its forecast range, in part due to the wildfires that forced a temporary evacuation of its Christina Lake site in July.
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Emissions cap puts methane in spotlight; industry says low-hanging fruit already gone

Emissions cap puts methane in spotlight; industry says low-hanging fruit already gone

CALGARY — Oil and gas producers who have already made progress on lowering their methane emissions over the last decade say further large-scale reductions will be tougher to deliver.
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Oil, gas companies told to cut emissions by one-third under planned cap

Oil, gas companies told to cut emissions by one-third under planned cap

OTTAWA — Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations published Monday.
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Major Drilling buys South American drilling contractor, boosting rig count

Major Drilling buys South American drilling contractor, boosting rig count

MONCTON, N.B. — Major Drilling Group International Inc. has signed a deal to buy South American specialty drilling contractor Explomin Perforaciones in a deal worth up to US$85 million.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank of Canada The Bank of Canada will release the summary of deliberations from its recent interest rate decision on Tuesday and senior deputy governor Carolyn Rog
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