VANCOUVER — Three years ago, Teck was going to spend $20 billion on its Frontier Oil Sands Mine. On Feb. 2, it announced it had “completed the sale of its 21.3 per cent interest in the Fort Hills Energy Limited Partnership to Suncor Energy Inc. and TotalEnergies...
LONDON (AP) — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia’s invasion of Ukraine. London-based Shell Plc posted adjusted earnings of $39.9 billion for 2022 in...
The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs. Calgary-based TC Energy Corp. released the new price...
Minister of Justice & Attorney General Bronwyn Eyre released this statement on Jan. 31 regarding federal “Just Transition” legislation. Notably, Eyre was long-time Minister of Energy and Resources prior to this current appointment. There are more...
By Amanda Stephenson in Calgary Once bitten, twice shy. It’s an old adage that explains why Jason Schneider, the elected reeve of Vulcan County, Alta., is jittery about the renewable energy boom under way in his province. Like many in rural Alberta, Schneider is...
The next few weeks are usually the high point of drilling activity for the year. On Tuesday, Jan. 30, there were 36 drilling rigs working in Saskatchewan, according to RiggerTalk.com, which publishes data from the Canadian Association of Energy Contractors (CAOEC)....
