Oil and Gas

The federal Finance Department says Canada is joining its fellow G-7 countries plus Australia to expand caps on Russian oil to include seaborne petroleum products from that country. The department says the maximum price for seaborne…

Alaskan oil extraction site.Lowell Georgia | Getty ImagesThe Biden administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope of Alaska, taking a step toward approving the $8 billion…

In Europe, global warming has been a mixed blessing this winter. Fears of a massive energy crunch leaving millions of homes in the dark have largely dissipated, at least for now. The European Union’s reserves of natural gas are at…

An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California.Mario Tama | Getty ImagesAn oil company with a drilling operation in the Wilmington neighborhood of Los Angeles has filed a lawsuit against…

U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signed "The Inflation Reduction Act of 2022"…

The BP logo displayed outside a gas station in England on August 15, 2022.Matt Cardy | Getty Images News | Getty ImagesBP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which…

This image, from Sept, 2022, shows a liquefied natural gas tanker arriving at a port in the Netherlands.Siese Veenstra | AFP | Getty ImagesThe power crisis gripping Europe has little to do with Vladimir Putin and it could be argued that the…

This image, taken in March 2021, shows the site where the new facility would be developed.Christopher Furlong | Getty Images News | Getty ImagesLONDON — Plans for a deep coal mine in the northwest of England were given the green light by…

Rishi Sunak and Joe Biden photographed on the sidelines of the G20 Summit in Indonesia on Nov. 16, 2022.Saul Loeb | AFP | Getty ImagesLONDON — The U.K. and U.S. are forming a new energy partnership focused on boosting energy security and…

Wind turbines in the Netherlands. A report from the International Energy Agency "expects renewables to become the primary energy source for electricity generation globally in the next three years, overtaking coal."Mischa Keijser | Image…