Canada Oil And Gas

• Canada secures surrender of all oil and gas permits in Pacific offshore

  Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said.

  Canada

  Feb 21, 2024
  
• Canada, other countries failing to meet climate change targets: report

  Canada and other major fossil-fuel-producing countries are failing to meet targets to keep climate change in check, a newly released major international report warned Wednesday.

  Canada

  Nov 8, 2023
  
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• U.S. buyers increasingly eyeing cheaper Canadian oil and gas valuations

  Companies operating in the huge Montney shale formation, which spans northern Alberta and British Columbia, are most attractive to potential buyers.

  Canada

  Nov 2, 2023
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• Inflation driven by profits in few sectors, including oil and gas: report

  The oil and gas sector tops the profitable list by far with a $38-billion increase in profits, or more than 1,000 per cent, since 2019.

  Canada

  Dec 2, 2022
• Canada’s oil and gas companies failing to meet environment commitments: report

  Most of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures.

  Environment

  Sep 23, 2022
• Higher rig demand expected to continue as Precision Drilling boosts capital spending

  The Calgary-based company said it will spend $125 million as the current market momentum is expected to continue in anticipation of higher activity.

  Canada

  Apr 28, 2022
• Evolution of renewables and biofuels needed to hit climate targets, Wilkinson says

  Jonathan Wilkinson also says the Liberals are not singling out the oil and gas sector to do an unfair amount of heavy lifting in the fight against climate change.

  Environment

  Nov 16, 2021
• Keystone XL denial will hurt communities: Indigenous business coalition leader

  The group says the decision means fewer jobs in the short term for Indigenous people in constructing the pipeline and supplying goods and services for it.

  Canada

  Jan 22, 2021
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• Oil and gas industry forecasts small spending rise after slashed budgets in 2020

  The association says the 14 per cent increase in its members' spending intentions to about $27.3 billion this year compares with total investment of about $24 billion in 2020.

  Canada

  Jan 13, 2021
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• Canada to still rely on fossil fuels in 2050, but at a smaller level: report

   The Canada Energy Regulator says reaching net-zero emissions over the next 30 years will require a much more aggressive transition away from oil and gas.

  Canada

  Nov 24, 2020