Oil & Gas and Mining News

CALGARY — There's no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday.

BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officia

CALGARY — A report says new cleanup rules for renewable energy sites are hurting the competitiveness of Alberta's industry.

MONTREAL — Quebec has abolished its floor price on gasoline in a bid to bring down costs at the pump. The Quebec government announced the measure in April after the federal government scrapped the consumer carbon tax.

CALGARY — Keyera Corp. has reached an agreement to double the volume of liquefied petroleum gas it plans to export through a West Coast export facility being built by AltaGas Ltd.

HALIFAX — Two leading environmental groups are giving a thumbs up to Nova Scotia's ambitious plan to dramatically expand its fledgling offshore wind energy industry. But both groups were quick to add caveats.

OTTAWA — The American ambassador to Canada is closely watching as Ottawa shapes its defence budget, but says the U.S. will not dictate what the Canadian government must spend.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Global Energy Show The Global Energy Show kicks off on Tuesday in Calgary with people from 100 countries expected to attend the conference that will include a keyno

CALGARY — Parkland Corp.'s biggest shareholder says it plans to vote in favour of the company's planned takeover by U.S. heavyweight Sunoco LP, while another major investor said it won't support the deal as it stands.

OTTAWA — Prime Minister Mark Carney's government introduced legislation Friday that would grant it new powers to quickly push forward major projects the federal cabinet deems to be in the national interest.