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Oil & Gas and Mining News

Former Trans Mountain CEO to head up Carney's major projects office in Calgary

Former Trans Mountain CEO to head up Carney's major projects office in Calgary

OTTAWA — Ottawa's one-stop shop for businesses to pitch plans for large industrial construction projects will be headquartered in Calgary and managed by former Trans Mountain CEO Dawn Farrell, the Prime Minister's Office said Friday.
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Strathcona to purchase five per cent of MEG Energy's shares after failed takeover bid

Strathcona to purchase five per cent of MEG Energy's shares after failed takeover bid

Strathcona Resources Ltd. says it plans to expand its minority stake in MEG Energy Corp. after its bid for a hostile takeover of the company was spurned in favour of a friendly cash-and-stock purchase offer from Cenovus Energy Inc.
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Alberta, citing oil prices and U.S. trade woes, says budget deficit rising to $6.5B

Alberta, citing oil prices and U.S. trade woes, says budget deficit rising to $6.5B

CALGARY — The bad news for Alberta's oil-reliant budget is set to get worse. Finance Minister Nate Horner says softening oil prices mean this year's projected budget deficit is expected to grow by $1.3 billion, and will now finish at $6.
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Wildfires in 2023 drove Canada's air pollution. How could it affect life expectancy?

Wildfires in 2023 drove Canada's air pollution. How could it affect life expectancy?

A new global report says record-breaking 2023 wildfires drove Canada's air pollution to levels not seen since at least the late 1990s and exposed half the country to pollution concentrations above the national standard.
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No rush on new crude oil pipelines, Trans Mountain chief executive says

No rush on new crude oil pipelines, Trans Mountain chief executive says

CALGARY — The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch.
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Hodgson: Major projects office to launch this week

Hodgson: Major projects office to launch this week

OTTAWA — The federal government's new major projects office will launch this week, a key element in Ottawa's push to spur construction of new large-scale infrastructure, Natural Resources Minister Tim Hodgson said.
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'Extremely challenging': N.W.T. wildfire prompts community evacuation notice

'Extremely challenging': N.W.T. wildfire prompts community evacuation notice

Officials in Northwest Territories say they are preparing for "extremely challenging" wildfire activity this week as they tell residents of a First Nation community to prepare for a possible evacuation.
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Canada eyes deeper energy ties with Germany through critical minerals partnership

Canada eyes deeper energy ties with Germany through critical minerals partnership

BERLIN — Canada signed a critical minerals partnership with Germany on Tuesday that encourages the joint public financing of natural resources projects as Ottawa works to boost development and exports to Europe.
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Strathcona blasts MEG Energy's 'weak board' as company chooses $7.9B Cenovus deal

Strathcona blasts MEG Energy's 'weak board' as company chooses $7.9B Cenovus deal

CALGARY — MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc. worth $7.
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Nova Scotia firefighters wary of potential wind shifts as hurricane to pass Friday

Nova Scotia firefighters wary of potential wind shifts as hurricane to pass Friday

WEST DALHOUSIE — Firefighting officials in Nova Scotia are keeping a wary eye on Hurricane Erin, which is expected to pass well offshore but bring strong wind gusts to parts of the province on Friday.
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