Oil Industry

• BP doubles profit, defends exit from Bay du Nord oil project off Newfoundland

  British Petroleum reported a profit of US$3.9 billion in the second quarter of this year, more than double its profit from the same period last year.

  Money

  Aug 5
  
• Venezuela acting leader urges oil industry reforms for foreign investment

  Venezuela's acting president Delcy Rodríguez, who has been under pressure from the U.S. to fall in line, said oil sales revenue would go to bolster domestic services.

  World

  Jan 15
  
• Advertisement
• Will the U.S. operation in Venezuela hit Canada’s oil industry? What we know

  Experts say that while Venezuelan oil is similar to crude produced in Canada, it will take some time before the South American country's industry could compete.

  Canada

  Jan 5
• Advertisement
• U.S. Tariffs to raise costs, delay oil and gas projects in 2026, report says

  A new report from the global financial firm Deloitte, says U.S. President Donald Trump's tariffs could delay billions of dollars worth of investment in the oil and gas industry.

  Economy

  Oct 29, 2025
• ExxonMobil to cut 2,000 jobs worldwide amid restructuring plans

  A day after Calgary-based Imperial Oil announced plans to slash its workforce by 20 per cent, its parent company, ExxonMobil, also announced deep job cuts.

  Money

  Sep 30, 2025
• Metro Vancouver gas prices headed for a fall spike, analyst says

  A sustained rally in the price of oil is likely to push gas prices in the region as high as $2.15 or $2.20 by mid-September, according to one industry analyst.

  Consumer

  Aug 9, 2023
• Canada must act as Europe’s energy ‘tragedy’ shows ‘cautionary tale’: Cenovus head

  The European Union is looking down the barrel of a severe energy crisis as Russia continues to weaponize its supply of natural gas to the region.

  Canada

  Jan 22, 2023
• Notley slams feds, Alberta government’s reaction over ‘just transition’ bill

  At a news conference in Calgary Wednesday morning, Alberta NDP leader Rachel Notley said the provincial government is showing 'jaw-dropping levels of incompetence.'

  Economy

  Jan 18, 2023
• Advertisement
• Suncor reaches deal with activist investor Elliott Investment Management

  The agreement between Suncor Energy and Elliott Investment Management LP announced Monday will also see three new independent directors join the company's board.

  Canada

  Jul 18, 2022
• Advertisement
• Suncor CEO resigns, company cancels investor update

  Suncor Energy Inc. has cancelled a planned investor update about oilsands operations and safety in wake of CEO Mark Little's resignation.

  Canada

  Jul 11, 2022