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Oil & Gas and Mining News

From boom to bust: Alberta economy back in the red with $5.2-billion deficit budget

From boom to bust: Alberta economy back in the red with $5.2-billion deficit budget

EDMONTON — Alberta’s finances, tied for generations to the steep peaks and sharp valleys of oil and gas prices, are once again plunging deep into deficit, with no immediate relief in sight.
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B.C. to require Canadian-made biofuels to meet standards for gas, diesel

B.C. to require Canadian-made biofuels to meet standards for gas, diesel

British Columbia is set to require Canadian products to fulfil renewable fuel standards for gasoline and diesel, a move Energy Minister Adrian Dix said was aimed at building a "cleaner, stronger and more self-reliant" province. Dix said B.C.
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Meg Energy earnings rise to $106 million in fourth quarter, revenues decline

Meg Energy earnings rise to $106 million in fourth quarter, revenues decline

CALGARY — Meg Energy Corp. says it earned $106 million in its fourth quarter, up from $103 million a year earlier. The Calgary-based company says revenues totalled $1.15 billion, down from $1.44 billion during the same quarter last year.
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Veren shares jump as oil and gas producer announces improved well performance

Veren shares jump as oil and gas producer announces improved well performance

CALGARY — Shares in Veren Inc. jumped as the oil and gas producer said it finished 2024 with improved performance out of its wells in northwestern Alberta and would take a breather from big asset deals.
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Premier Moe says pipelines that would cross Saskatchewan considered 'pre-approved'

Premier Moe says pipelines that would cross Saskatchewan considered 'pre-approved'

REGINA — Premier Scott Moe says Saskatchewan wants pipelines built and is encouraging other provinces and the federal government to get behind the cause.
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Trial begins in Texas pipeline company’s $300M lawsuit against Greenpeace

Trial begins in Texas pipeline company’s $300M lawsuit against Greenpeace

MANDAN, N.D.
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Keystone XL redux? Trump says he wants defunct oil pipeline back from the dead

Keystone XL redux? Trump says he wants defunct oil pipeline back from the dead

CALGARY — U.S.
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Tariff talk: What corporate Canada is saying during earnings season

Tariff talk: What corporate Canada is saying during earnings season

As companies report their earnings for the latest quarter, they’ve fielded question after question from analysts about how they’re preparing for potential tariffs from the U.S.
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Saskatchewan Premier Moe travelling to Washington again to push against tariff threat

Saskatchewan Premier Moe travelling to Washington again to push against tariff threat

REGINA — Saskatchewan Premier Scott Moe is travelling to Washington, D.C., again to push against proposed tariffs from the United States on Canadian goods.
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Tariffs could force 'rebalancing away' from U.S. for oil exports: Cenovus

Tariffs could force 'rebalancing away' from U.S. for oil exports: Cenovus

The threat of U.S. tariffs on Canadian energy won't affect planned spending by Cenovus Energy Inc., but the company says such levies may prompt a "rebalancing away from the United States" when it comes to where it ships its oil. U.S.
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