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oil production

Alberta oil and gas sector exceeded flaring limit in 2023, data shows

by Anas Siddiqui
Alberta oil and gas sector exceeded flaring limit in 2023, data shows

For the first time, Alberta’s oil and gas industry has exceeded the province’s own regulatory limit for natural gas flaring. A tally by The Canadian Press of Alberta Energy Regulator …

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Trans Mountain pipeline ushers in new economic era for Fort McMurray

by Anas Siddiqui
Trans Mountain pipeline ushers in new economic era for Fort McMurray

As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the …

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Energy giant Aramco to issue longer term bonds this year, CFO tells Saudi Capital Market Forum in Riyadh

by Anas Siddiqui
Energy giant Aramco to issue longer term bonds this year, CFO tells Saudi Capital Market Forum in Riyadh

Energy giant Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s …

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Trans Mountain expansion hits ‘technical issues,’ possibly delaying completion

by Anas Siddiqui
Trans Mountain expansion hits ‘technical issues,’ possibly delaying completion

The Trans Mountain pipeline expansion is facing delay yet again. The Crown corporation building the massive project, which had previously stated it expected to have the pipeline in-service near the …

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Suncor share price jumps after posting 2nd-highest quarter for oil output

by Anas Siddiqui
Suncor share price jumps after posting 2nd-highest quarter for oil output

Suncor Energy Inc.’s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever. The Calgary-based company announced upstream production in the fourth …

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Olive oil is getting more expensive — and these Italian farmers can tell you why

by Walter Watson
Olive oil is getting more expensive — and these Italian farmers can tell you why

On a warm, blustery December afternoon outside the De Laurentis olive oil-producing co-op in the white hilltop town of Ostuni, Puglia, Luigi D’Amico holds out his palm, revealing an olive …

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Outlook good for Canadian oil and gas sector, says industry report, but risks remain

by Anas Siddiqui
Outlook good for Canadian oil and gas sector, says industry report, but risks remain

Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the …

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We should have been here 10 years ago, says Big Oil at COP28

by Walter Watson
We should have been here 10 years ago, says Big Oil at COP28

As the curtains are set to close on COP28, the oil and gas industry remains firmly in the crosshairs as nations deliberate whether an agreement can be reached to phase …

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Opec+ slashes oil output further to boost flagging prices

by Walter Watson
Opec+ slashes oil output further to boost flagging prices

Following the virtual meeting of ministers from the 23-member Opec+ alliance, Riyadh announced it would extend its voluntary oil production cut of 1 million barrels per day until March 2024. …

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Canadian oil and gas execs to talk up emissions reduction plans at COP28

by Anas Siddiqui
Canadian oil and gas execs to talk up emissions reduction plans at COP28

Executives and senior leaders from Canada’s oil and gas sector are heading to Dubai for the upcoming United Nations COP28 climate talks, eager to tell the world they are doing …

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