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Oil & Gas and Mining News

Calfrac reports $7.8-million Q1 profit, revenue up 12 per cent from year ago

Calfrac reports $7.8-million Q1 profit, revenue up 12 per cent from year ago

CALGARY — Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.
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Eby to visit Japan, South Korea and Malaysia on trade trip to reduce U.S. reliance

Eby to visit Japan, South Korea and Malaysia on trade trip to reduce U.S. reliance

VICTORIA — B.C. Premier David Eby said a trade mission to Asia next month will help the province become the "engine of a new Canada," but an economist says B.C. also needs to take steps at home to become more competitive.
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Canada must maximize use of existing pipelines before building more, minister says

Canada must maximize use of existing pipelines before building more, minister says

OTTAWA — Canadian Culture Minister Steven Guilbeault said Wednesday Canada needs to maximize its use of existing pipelines before building more — a day after Prime Minister Mark Carney indicated an openness to new pipeline construction.
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Ontario electricity produced with rising percentage of greenhouse-gas-emitting power

Ontario electricity produced with rising percentage of greenhouse-gas-emitting power

TORONTO — Ontario's electricity is now being produced with the highest percentage of greenhouse-gas-emitting power since coal plants were operating in the province.
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Alberta's premier says new environment minister a 'step in the wrong direction'

Alberta's premier says new environment minister a 'step in the wrong direction'

EDMONTON — Alberta Premier Danielle Smith says picking Julie Dabrusin as Canada’s environment minister is a bad idea that forecasts renewed federal opposition to her province's wellspring oil and gas industry.
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Newfoundland mayor says town in transition after oil project phase completed

Newfoundland mayor says town in transition after oil project phase completed

ST. JOHN'S — A Newfoundland and Labrador mayor says his region is facing a transition period after a massive concrete platform was towed out of the town last week, on its way to an offshore oilfield. Keith Pearson, mayor of Placentia, N.L.
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Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism

Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism

CALGARY — Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U.S. relations and amped-up resource nationalism. The US$9.
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AFN chief calls for review of natural resource deals amid talk of Alberta separation

AFN chief calls for review of natural resource deals amid talk of Alberta separation

EDMONTON — The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta's government opening the door to a separation referendum.
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Alberta government announces indefinite freeze on industrial carbon price

Alberta government announces indefinite freeze on industrial carbon price

EDMONTON — Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.
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B.C.'s low snowpack, melt signal drought, raising concern for hydro power

B.C.'s low snowpack, melt signal drought, raising concern for hydro power

VANCOUVER — Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province's latest snowpack and water supply bulletin says.
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