And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.
Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands.
The 100,000 jobs the provincial government has promised due to LNG projects across B.C. is an overblown figure, according to a new report by the Canadian Centre for Policy Alternatives.
Questions multiply on future of Canadian projects.
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.
The recent nuclear non-proliferation agreement between Iran and the U.S. has created a firestorm debate in the Middle East and both sides of the Atlantic.
Canadians can expect the value of the loonie to drop even further this summer, reaching US$0.75 — or perhaps even lower — according to economists at BMO.
Calgary-based U.S. Oil Sands is working through the summer to complete a 2,000-barrel-per-day oil sands mine in eastern Utah, one of the country's first commercial operation of this kind.
Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.
The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
Surprisingly, a recent IHS study had revealed that the U.S. shale sector has been boosting job creation in addition to supporting around 1.7 million jobs in U.S.
A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.
These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.
Instead of high-pressure steam, Canada's largest oil and gas producer wants to send radio waves down to heat the bitumen.
Volatility in the oil and gas markets continues, with prices plunging yet again in the recent chaos surrounding Greece's default negotiations and other global political and economic uncertainties.
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.
Teck Resources Ltd. is delaying the planned startup of a multibillion-dollar oil sands mine by at least five years, becoming the latest company to push back development as shaky energy markets threaten profits in the high-cost sector.
The human rights committee is currently meeting in Geneva, Switzerland, ahead of finalizing its report and is hearing from Canadian non-government groups, including Amnesty, and from the federal government.
BNK Petroleum Inc. operates on some very productive property in the Oklahoma oil and gas shale and is making progress on developing shale resources in Europe.
The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices.
Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.
Investment in equipment, machinery and construction for B.C.’s mining, quarrying, and oil and gas sectors is expected to drop dramatically in 2015.
Ottawa hopes new emissions rules will get the long-delayed Keystone XL pipeline one step closer to US State Department approval.
Liquefied Natural Gas Infographic
The move comes in response to a petition filed by Fort Chipewyan’s Mikisew Cree First Nation last month, asking for help protecting the park.
In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48.
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