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Oil & Gas and Mining News

Schlumberger to sell ChampionX subsidiary in deal with Competition Bureau

Schlumberger to sell ChampionX subsidiary in deal with Competition Bureau

GATINEAU — The Competition Bureau says Schlumberger Ltd. has agreed to sell a subsidiary of ChampionX Corp. as part of its deal to buy the oilfield services company.
Inflation rises to 1.9% in June as vehicle price hikes accelerate

Inflation rises to 1.9% in June as vehicle price hikes accelerate

OTTAWA — The annual pace of inflation accelerated to 1.9 per cent in June as consumers were paying more at car dealerships, Statistics Canada said Tuesday. The June price hike is up from 1.

Iraqi oil field on fire after drone strike during attacks in Kurdish region

BAGHDAD (AP) — An oil field in Iraq 's Dohuk province was set ablaze Tuesday after being struck by a drone. It is the latest in a series of similar attacks launched recently against oil facilities in northern Iraq's semi-autonomous Kurdish region .
Statistics Canada reports wholesale sales up 0.1 per cent at $84.2 billion in May

Statistics Canada reports wholesale sales up 0.1 per cent at $84.2 billion in May

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, edged up 0.1 per cent to $84.2 billion in May.
Ottawa providing $16 million for Maritimes electricity distribution, solar projects

Ottawa providing $16 million for Maritimes electricity distribution, solar projects

HALIFAX — Ottawa has announced details of $16 million it's providing for energy projects in the Maritimes.
Pride Toronto must return to its political roots, advocates say as sponsors leave

Pride Toronto must return to its political roots, advocates say as sponsors leave

TORONTO — As a major funding shortfall looms over Pride Toronto, some prominent LGBTQ+ advocates say it's high time to rethink the organization's corporate partnerships and return to its political grassroots.
Premiers Danielle Smith and Doug Ford agree to study new energy corridors, more trade

Premiers Danielle Smith and Doug Ford agree to study new energy corridors, more trade

CALGARY — The premiers of Alberta and Ontario agreed Monday to a feasibility study of new pipelines and rail lines between provinces and pledged to increase interprovincial trade of alcohol and vehicles.
Alberta to hold nuclear power consultations as reactor companies weigh opportunities

Alberta to hold nuclear power consultations as reactor companies weigh opportunities

CALGARY — Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday.
Ontario Premier Doug Ford pitches railway to Ring of Fire, Alberta is on board

Ontario Premier Doug Ford pitches railway to Ring of Fire, Alberta is on board

Ontario signed an agreement with Alberta to build infrastructure and energy corridors that include a possible railway to the mineral-rich Ring of Fire region, the premiers of both provinces announced on Monday.
Alberta natural gas expected to see a bump next year thanks to LNG exports: Deloitte

Alberta natural gas expected to see a bump next year thanks to LNG exports: Deloitte

CALGARY — A new report from advisory firm Deloitte is forecasting a big jump in Alberta natural gas prices next year, with the country's first West Coast export facility now up and running. The Alberta benchmark AECO price is expected to average $2.