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Oil & Gas and Mining News

'A first step': Crowsnest Pass mayor excited about Northback drilling approval

'A first step': Crowsnest Pass mayor excited about Northback drilling approval

CALGARY — The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator's approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue. "I think they finally woke up.
Strathcona Resources aims to join oilsands 'doppelgangers' with MEG takeover bid

Strathcona Resources aims to join oilsands 'doppelgangers' with MEG takeover bid

CALGARY — The executive chairman of Strathcona Resources Ltd. says his company aims to join two complementary oilsands players with its unsolicited takeover bid for MEG Energy Corp., but one analyst calls the $5.
'Trump factor' could cause gas price volatility this summer, analyst says

'Trump factor' could cause gas price volatility this summer, analyst says

CALGARY — The May long weekend is when gasoline prices tend to start levelling off ahead of the high-demand summer driving season.
Stockwell Day supports Alberta vote on separation, warns it's dangerous for Tories

Stockwell Day supports Alberta vote on separation, warns it's dangerous for Tories

OTTAWA — The Alberta separatist movement presents a danger to the federal Conservative party, said former Tory member of Parliament Stockwell Day.
Pipeline company South Bow sees profits, revenues fall in first quarter

Pipeline company South Bow sees profits, revenues fall in first quarter

CALGARY — Crude pipeline operator South Bow Corp. has reported a drop in quarterly profits and revenues.
Keystone restrictions, market uncertainty weigh on South Bow earnings forecast

Keystone restrictions, market uncertainty weigh on South Bow earnings forecast

CALGARY — Oil shipper South Bow Corp. is lowering the upper end of its 2025 earnings forecast due to market uncertainty and ongoing pressure restrictions on its Keystone pipeline.
Alberta regulator approves Northback coal exploration project in Rocky Mountains

Alberta regulator approves Northback coal exploration project in Rocky Mountains

The Alberta Energy Regulator approved on Thursday a controversial coal exploration project on the eastern slopes of the Rocky Mountains. Northback Holdings Corp.
Enbridge sells stake in Westcoast pipeline to B.C. First Nations group for $715M

Enbridge sells stake in Westcoast pipeline to B.C. First Nations group for $715M

CALGARY — For more than 65 years, Enbridge Inc.'s Westcoast pipeline has been pumping natural gas through First Nations territories across British Columbia.
Strathcona Resources selling Montney assets for $2.84 billion

Strathcona Resources selling Montney assets for $2.84 billion

CALGARY — Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion. The company says once the deals are complete it will be a pure-play heavy oil company.
Manufacturing sales fell in March, wholesale sales edged higher: StatCan

Manufacturing sales fell in March, wholesale sales edged higher: StatCan

OTTAWA — Statistics Canada says manufacturing sales fell 1.4 per cent in March to $71.9 billion as sales fell in the primary metal and petroleum and coal product subsectors. The agency says sales of primary metals fell 6.5 per cent to $5.