oilpatch

After 12 months of upheaval in the energy industry, some of the top oilpatch executives are expressing doubt about how quickly the world will transition away from fossil fuels.That was the general sentiment on the first day of CERAWeek, one…

One by one, oil companies in Canada and around the world are releasing their latest financial results, which show 2022 was the most profitable year in the history of the oilpatch.Commodity prices have softened to start 2023, but this year…

Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times.For Canada's energy industry, 2022 was the year that finally snapped a decade…

The federal environment minister is calling out Canada's oil companies for failing to put cash behind their promises to tackle climate change.Steven Guilbeault says the country's major oil players have promised to do something about…

The Canadian oilpatch is basking in its most lucrative year ever. Hefty prices for both oil and natural gas that have pained consumers are delivering a bounty of riches for the industry.That bounty was reinforced over the past few weeks as…

Releasing treated oilsands tailings into the environment isn't the only solution being considered to clean up the massive toxic ponds in northern Alberta, federal Environment Minister Steven Guilbeault says.Guilbeault said Wednesday that…

With the Calgary Stampede fast approaching, expectations are high for one of the best party seasons the city has seen in nearly a decade, fuelled by sky-high commodity prices and pent up demand linked to the pandemic.Festivities have been…

For more than a decade, the oilpatch has pitched a particular solution to its problem of being the largest source of carbon emissions in the country — to bury them. There are many ways the industry is trying to tackle its greenhouse gas…

Without deep cuts in the oilpatch, there is scant chance Canada will meet its 2030 climate goal, but at least for now, the federal government is giving the sector a free pass from any major new regulations or costs aimed at slashing…

After meeting with his global counterparts in Paris this week, Canada's natural resources minister pledged to pump out more oil and gas to alleviate the energy crisis in Europe. Oil and natural gas are in short supply in parts of the world…