oil and gas sector

Premier Danielle Smith said Tuesday it's a de facto production cap that will stifle the economy.

As pressure grows on the oil and gas sector to reduce its emissions, one Calgary-based company is banking on the potential to convert waste gas from oil wells into valuable electricity for nearby communities.

Suncor Energy Inc. filed a disclosure document last year laying out what would happen if extreme weather were to force a 10-day shutdown of its massive Base Plant oilsands mine in northern Alberta.

Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.

Located smack-dab in the middle of the Athabasca oilsands, Fort McKay is the bull's-eye on the dart board of the world's third-largest crude oil reserve. 

The province doesn't keep track of exact usage by most groundwater licence holders, the Ministry of Land, Water and Resource Stewardship confirmed.

The report notes Alberta's government has already set up a drought advisory panel to begin water usage negotiations, while B.C. Premier David Eby has called his province's situation "the most dramatic drought conditions that we've seen."

Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs.

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fuelled by human-caused climate change, the International Energy Agency said.

Both traditional oil and gas stocks as well as Canada's mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows.

There is no line in the sand between his government and Alberta over energy and climate policies but there is also still a lot of daylight in their respective visions, Natural Resources Minister Jonathan Wilkinson said on Monday, June 19, 2023.

As the Alberta election campaign heads into its final days, business groups are warning that increased divisiveness and political extremism poses a threat to the province's economic future.

Since 2018, when the decision to build the first phase of the LNG terminal was made, provincial policymakers have been tying themselves in knots to try to make those emissions fit into B.C.’s climate plan.

Alberta's United Conservative Party government is facing growing criticism for a plan to give oil companies a royalty credit for cleaning up their old wells.

Alberta’s Opposition NDP leader wants to see more details of Ottawa's proposed plan for green energy jobs, but says Premier Danielle Smith’s knee-jerk criticism and her sovereignty act don't help anyone.