Oil & Gas and Mining News

Efforts to streamline operations have helped Suncor Energy Inc. hit its debt target, triggering a commitment to pay out 100 per cent of excess funds to shareholders.

CALGARY — Suncor Energy Inc. says it earned $2.02 billion in its third quarter, up from $1.54 billion a year earlier. The Calgary-based oil giant says its earnings work out to $1.59 per common share, up from $1.19 during the same quarter last year.

OTTAWA — Donald Trump's re-election in the United States will not impact Canada's commitment to fighting climate change, Environment Minister Steven Guilbeault said Tuesday.

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

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.

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.

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.

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.

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.

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.