Oil & Gas and Mining News

CALGARY — Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output, the Calgary-based company said Friday.

Exxon Mobil's third-quarter profit beat analysts' expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition. Exxon earned $8.6 billion, or $1.92 per share, for the three months ended Sept.

CALGARY — Imperial Oil Ltd. reported a third-quarter profit of $1.24 billion, down from $1.60 billion in the same quarter last year. The company says the profit amounted to $2.33 per diluted share for the quarter ended Sept. 30, down from $2.

CALGARY — Oil producer Veren Inc. saw its share price plunge by more than 14 per cent on Thursday, on news that the company is lowering its production forecast for 2024 and grappling with "under-performance" from some of its wells.

CALGARY — Cenovus Energy Inc.'s West White Rose project off the coast of Newfoundland has reached a major milestone with the completed refurbishment of the massive vessel that will operate in the expanded offshore oilfield.

CALGARY — Canadian Natural Resources Ltd. said Thursday it has further reduced its natural gas drilling activity due to persistent low prices in Western Canada.

TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here's what you need to know.

CALGARY — Precision Drilling Corp.

EDMONTON — Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil.

CALGARY — Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year. Canada's largest oil-and-gas drilling rig company says the profit works out to $2.