CALGARY — Vermilion Energy Inc. raised its dividend by 25 per cent as it announced a $570 million capital budget for 2023. The company says it will now pay a quarterly dividend of 10 cents per share, up from eight cents per share, and resume share buybacks. Vermilion...
BRUSSELS (AP) — Natural gas storage levels in the European Union stand at nearly 84% and were higher in December than the average amount in reserve 4-6 years ago, the EU’s executive branch said Wednesday, despite Russian attempts to choke off supplies amid its war on...
CALGARY — Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times. For Canada’s energy industry, 2022 was the year that finally snapped a decade of weak...
By Mia Rabson in Ottawa One-fifth of all passenger cars, SUVs and trucks sold in Canada in 2026 will need to run on electricity under new regulations Environment Minister Steven Guilbeault proposed Wednesday. By 2030, the mandate will hit 60 per cent of all sales and...
CALGARY — Imperial Oil Ltd. is planning $1.7 billion in capital spending for next year. The company says the plan includes a ramp-up for its Strathcona renewable diesel project, application of solvent technologies at Cold Lake and ongoing investment on an in-pit...
