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Canada’s first liquefied natural gas cargoes will soon arrive on Asian shores, a milestone touted — and doubted — as a boon for global emissions-cutting efforts. “Cleaner energy around the world is what I think about when I think about LNG,” Shell Canada country chair Stastia West said in an onstage interview at the Global…
A climate advocacy group says oil and gas representation on the boards of Canada’s big public pensions raise concerns about conflicts of interest. In a report out Thursday, Shift said that as of June 1, the boards of five of Canada’s largest public sector funds had members who are also involved with fossil fuel companies….
The U.S. military strikes in Iran are raising questions about the impact on supplies of oil and gas, including whether the widening conflict could result in higher energy prices for Americans. The price of the West Texas Intermediate crude, the U.S. benchmark, jumped 4% on Sunday night shortly after the start of trading, but fell…
People gather near damaged vehicles in the aftermath of Israeli strikes, in Tehran, Iran, June 13, 2025. Majid Asgaripour | WANA | Via Reuters Israel launched a series of airstrikes against Iran early Friday morning local time, targeting locations it said were related to Iran’s nuclear program. The commander-in-chief of Iran’s Islamic Revolutionary Guard Corps,…
By Wolfgang Depner The Canadian Press Posted June 10, 2025 11:39 am 1 min read Descrease article font size Increase article font size British Columbia Premier David Eby says it’s not him standing in the way of Alberta counterpart Danielle Smith’s longed-for oil pipeline from Alberta to B.C.’s north coast — it’s that there’s no…
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in…
Canada’s energy CEOs are calling on Prime Minister Mark Carney to scrap the emissions cap on oil and gas producers and repeal industrial carbon pricing to help bolster the industry. Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his election win and pitching policy measures they say would help the prime…
Chevron, Colorado’s largest oil and gas producer, plans to lay off about 125 employees in its Denver office starting July 1 as part of an effort to cut costs companywide. The company said in a letter to the Colorado Department of Labor and Employment that the job cuts would be permanent and that the employees…
Precision Drilling is trimming its planned 2025 capital spending due to market uncertainty and a possible dip in demand from the oil and gas producers that contract its rigs. Chief executive Kevin Neveu says Precision expects to spend $200 million this year, a reduction of $25 million from its earlier forecast. That includes an $8-million…
An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas. Brandon Bell | Getty Images News | Getty Images Just as many mission-driven fund managers have reconsidered their defense policy in the wake of Russia’s full-scale invasion of Ukraine, an analyst at Goldman Sachs says it is now time for…
