Imperial Oil Ltd. says it and ExxonMobil Canada have closed the $1.9-billion sale of their oil and gas-producing assets in the Montney and Duvernay areas to Whitecap Resources Inc. The two companies each owned 50 per cent of XTO Energy Canada, which held the assets,...
NEW YORK (AP) — As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it...
Alberta’s finance minister says the government is going to use this year’s projected windfall budget surplus to pay down debt and put some cash in its piggy bank. Jason Nixon says the plan is to make a $13.4-billion repayment on the provincial debt and add almost $3...
While central Alberta was under heat warnings, baking in over 30 C temperatures, the province’s wind power generation was doing next to nothing to run the province’s air conditioners. That’s because at 4:08 p.m. on Tuesday, Aug. 30, the province’s 28 wind farms were...
By James McCarten in Washington For the second time in a year, the federal government is invoking a little-known 1977 energy treaty between Canada and the United States in an effort to prevent a federal court from shutting down the Line 5 pipeline. This time,...
