Oil & Gas and Mining News

CALGARY — More than half of MEG Energy Corp.'s oil sales would be free from potential U.S. tariffs thanks to the diverse market access options it has lined up, a company executive says.

CALGARY — U.S. tariff threats are making politicians and the general public more receptive to Canadian energy infrastructure projects, the chief executive of Pembina Pipeline Corp. says.

EDMONTON — Alberta’s finances, tied for generations to the steep peaks and sharp valleys of oil and gas prices, are once again plunging deep into deficit, with no immediate relief in sight.

British Columbia is set to require Canadian products to fulfil renewable fuel standards for gasoline and diesel, a move Energy Minister Adrian Dix said was aimed at building a "cleaner, stronger and more self-reliant" province. Dix said B.C.

CALGARY — Meg Energy Corp. says it earned $106 million in its fourth quarter, up from $103 million a year earlier. The Calgary-based company says revenues totalled $1.15 billion, down from $1.44 billion during the same quarter last year.

CALGARY — Shares in Veren Inc. jumped as the oil and gas producer said it finished 2024 with improved performance out of its wells in northwestern Alberta and would take a breather from big asset deals.

REGINA — Premier Scott Moe says Saskatchewan wants pipelines built and is encouraging other provinces and the federal government to get behind the cause.

MANDAN, N.D.

CALGARY — U.S.

As companies report their earnings for the latest quarter, they’ve fielded question after question from analysts about how they’re preparing for potential tariffs from the U.S.