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Pathways seeking bids for part of its proposed carbon capture network: Imperial

Pathways seeking bids for part of its proposed carbon capture network: Imperial

CALGARY — The Pathways Alliance group of oilsands companies has issued a request for proposals to pipe manufacturers for the massive carbon capture and storage network it wants to build in northern Alberta. The CEO of Imperial Oil Ltd.
Enbridge in talks about Mainline pipeline expansion as Canadian oil output grows

Enbridge in talks about Mainline pipeline expansion as Canadian oil output grows

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 profit tops Street in 3rd quarter, helped by Pioneer Natural acquisition

Exxon Mobil profit tops Street in 3rd quarter, helped by Pioneer Natural acquisition

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.
Veren's share price plunges as oil producer lowers output forecast

Veren's share price plunges as oil producer lowers output forecast

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.
SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

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.
Canadian Natural Resources further reduces natural gas drilling due to price slump

Canadian Natural Resources further reduces natural gas drilling due to price slump

CALGARY — Canadian Natural Resources Ltd. said Thursday it has further reduced its natural gas drilling activity due to persistent low prices in Western Canada.
The loonie is trading at lows not seen in years. Here's what it means for Canadians

The loonie is trading at lows not seen in years. Here's what it means for Canadians

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.
Precision Drilling expects rig demand growth with LNG Canada startup

Precision Drilling expects rig demand growth with LNG Canada startup

CALGARY — Precision Drilling Corp.
Alberta applying for a judicial review of federal carbon price, calling it unfair

Alberta applying for a judicial review of federal carbon price, calling it unfair

EDMONTON — Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil.
Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand

Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand

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.
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