Canada Oil And Gas
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Canada secures surrender of all oil and gas permits in Pacific offshoreCanada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said.CanadaFeb 21
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Canada, other countries failing to meet climate change targets: reportCanada 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.CanadaNov 8, 2023
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U.S. buyers increasingly eyeing cheaper Canadian oil and gas valuationsCompanies operating in the huge Montney shale formation, which spans northern Alberta and British Columbia, are most attractive to potential buyers.CanadaNov 2, 2023
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Inflation driven by profits in few sectors, including oil and gas: reportThe 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.CanadaDec 2, 2022
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Canada’s oil and gas companies failing to meet environment commitments: reportMost of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures.EnvironmentSep 23, 2022
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Higher rig demand expected to continue as Precision Drilling boosts capital spendingThe Calgary-based company said it will spend $125 million as the current market momentum is expected to continue in anticipation of higher activity.CanadaApr 28, 2022
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Evolution of renewables and biofuels needed to hit climate targets, Wilkinson saysJonathan 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.EnvironmentNov 16, 2021
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Keystone XL denial will hurt communities: Indigenous business coalition leaderThe 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.CanadaJan 22, 2021
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Oil and gas industry forecasts small spending rise after slashed budgets in 2020The 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.CanadaJan 13, 2021
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Canada to still rely on fossil fuels in 2050, but at a smaller level: reportThe 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.CanadaNov 24, 2020
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