Texas power woes linger as deep freeze covers New England

Texas power woes linger as deep freeze covers New England

By Ken Miller And David Sharp in Austin The mayor of Austin, Texas, responded to mounting criticism and apologized Friday for a lack of communication with residents as a winter storm coated the city in ice and cut power — and heat — to thousands of residents for days....

Three years ago, Teck was going to spend $20 B on its Frontier Oil Sands Project. Now it’s totally out of the oil sands, completing sale of Fort Hills stake

Three years ago, Teck was going to spend $20 B on its Frontier Oil Sands Project. Now it’s totally out of the oil sands, completing sale of Fort Hills stake

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada Ltd.

The Vancouver-based mining company announced last year that it would sell its stake in Fort Hills to Suncor, one of two other partners in the project, for about $1 billion.

Shell profit doubles to record as war drives up energy costs

Shell profit doubles to record as war drives up energy costs

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 its financial results for the final three months of the year. Adjusted earnings in the fourth quarter, which exclude one-time items and fluctuations in the value of inventories, rose by 50%, to $9.8 billion, from the same period a year earlier.

TC Energy raises expected cost of Coastal GasLink project to $14.5 billion

TC Energy raises expected cost of Coastal GasLink project to $14.5 billion

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 tag, up from an earlier estimate of $11.2 billion, for the project on Wednesday.

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