24 h. ago BP Chairman to Exit as Oil Major Faces Pressure From Elliott

BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management.

Politics

24 h. ago BP Chair Plans Exit as Oil Major Faces Pressure From Elliott

BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management.

Politics

45 h. ago Letters April 3, 2025: ‘Carney is welcome to have the door hit him on his way out.’

Just leave, Carney So we had a great April fools day with the drop in gas prices didn’t we? Funny thing though, the prices two weeks ago were the same as they are now, then the major oil companies jacked up the prices over twenty cents a litre in some places. The only fool in […]

Transport

4 d. ago Norway Begins Oil Production at Johan Castberg Field in Arctic

Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country’s Arctic waters.

Other

1 week ago Oil Gains as Industry Report Points to Big Drop in US Stockpiles

Oil edged higher after an industry report signaled a major contraction in US crude stockpiles, while the market weighed the prospect of a Russia-Ukraine ceasefire in the Black Sea.

Economics

2 w. ago Declare a 'energy crisis' and approve major projects within six months, says Canada's oil and gas leaders

The heads of Canada’s largest petroleum producers and pipeline companies issued an open letter Wednesday to the country’s federal political parties to encourage building new infrastructure – including declaring a “Canadian energy crisis” and establishing firm timelines so major projects are approved within six months of application. In the open letter to the heads of […]

Politics

2 w. ago Declare an 'energy crisis' and approve major projects within six months, say Canada's oil and gas leaders

The heads of Canada’s largest petroleum producers and pipeline companies issued an open letter Wednesday to the country’s federal political parties to encourage building new infrastructure – including declaring a “Canadian energy crisis” and establishing firm timelines so major projects are approved within six months of application. In the open letter to the heads of […]

Politics

2 w. ago Parkland shareholder demands board shakeup as fuel refiner and retailer weighs sale

CALGARY — A shareholder in Parkland Corp. is demanding a board shakeup at the Calgary-based fuel refiner and retailer. Engine Capital LP, which owns 2.5 per cent of Parkland’s shares, says the current board cannot be trusted to represent investors’ best interests. Engine, along with major shareholder Simpson Oil, had been calling on Parkland to […]

Other

3 w. ago Alberta touts major revision to public oil and gas reserve estimates at Texas energy summit

Province's proven natural gas reserves increased by seven billion barrels and are now six times previous levels

Politics

3 w. ago Alberta has nearly six times the natural gas it thought, putting Canada among world’s top 10

'We're Texas-sized as far as gas goes; we've got some big numbers' — Alberta Energy Minister Brian Jean

Other

4 w. ago Russia Says Major Oil Refinery Near St. Petersburg Hit by Drone

Russia said a key oil refinery near St. Petersburg was hit by a drone, while Ukraine reported attacks in several regions, including Odesa on the Black Sea.

Politics

4 w. ago Beyond Oil Secures Global Supplier Approval from Restaurant Brands International, Opening Access to Over 30,000 Burger King, Popeyes, Tim Horton’s, and Firehouse Sub Locations Worldwide

Global Brand Approval from one of the World’s Largest Quick-Service Companies Marks a Major Milestone in Beyond Oil’s Global Expansion, Unlocking Unprecedented Growth Opportunities Across the Quick-Service Restaurant Industry VANCOUVER, BC and KIBBUTZ YIFAT, Israel, March 07, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company”), […]

Society

4 w. ago Tariff on sand is a major blow to Alberta's oil patch: industry experts

Train car after train car, filled with Wisconsin sand. It’s vital to the Alberta oil and gas industry. Of the approximately eight million tonnes of sand the Canadian oil and gas industry uses every year, about two-thirds of it comes from the state of Wisconsin. As of this week, it’s on the list of American […]

Politics

4 w. ago Canadian Natural Resources says tariffs not changing appetite for acquisitions

CALGARY — Oil and gas heavyweight Canadian Natural Resources Ltd., fresh off two major deals, says volatility from U.S. tariffs isn’t making it hungrier more acquisitions. On its fourth-quarter conference call Thursday, an analyst asked Canadian Natural president Scott Stauth whether there may be opportunities for more acquisitions, given the company’s strong balance sheet and […]

Economics