Oil & Gas and Mining News

BRASILANDIA, Brazil (AP) — Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups .

TORONTO — Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record.

OTTAWA — Prime Minister Mark Carney’s government is coming under fire for seeking to rush through a major piece of legislation that grants cabinet sweeping powers to quickly approve major projects.

CALGARY — Saskatchewan Premier Scott Moe is pitching the idea of a "port-to-port corridor" that would connect energy and other goods to Canada's northern Pacific and Arctic coasts.

CALGARY — Two proxy advisory services are recommending shareholders vote in favour of Parkland Corp.'s planned takeover by U.S. company Sunoco LP. Institutional Shareholder Services Inc. and Glass, Lewis & Co.

CALGARY — MEG Energy Corp.'s board of directors is urging shareholders to reject an unsolicited takeover offer by oilsands peer Strathcona Resources Ltd., calling it opportunistic and not in the best interests of the company or its investors.

CALGARY — It's too soon to know whether a spike in crude prices driven by the latest Mideast turmoil will be a short-term blip or a long-term shift, Canadian oilpatch experts said Friday after Israel attacked nuclear and military sites across Iran.

FREDERICTON — A group of Canadian premiers appears to be setting high expectations as they pursue negotiations with American governors to mitigate the impacts of United States-imposed tariffs on their economies.

EDMONTON — The Alberta government says it is considering letting oil companies inject wastewater deep underground as a way to manage the toxic tailings that are accumulating in the oilsands.

CALGARY — Two major oilsands operators say business is returning to normal after nearby wildfires forced shutdowns at their northeastern Alberta sites. Cenovus Energy Inc.