U.S. oil and gas rig count rises for second week
Baker Hughes reports a second weekly increase in U.S. oil and gas rigs, signaling potential shifts in North American energy production as 2025 ends. Read the latest data.
Category : Search result: oil and gas drilling
Gas prices hit multi-year low in Calgary at 87 cents
Calgary motorists are celebrating as fuel costs plummet to a multi-year low, with some stations offering gas for less than 87 cents per litre. Find out what's driving the dramatic drop.
Calgary gas prices drop under a dollar per litre
Calgary drivers are seeing gas prices fall below a dollar per litre, a low not witnessed since 2021. Analysts urge motorists to fill up while this holiday price dip lasts.
Calgary gas prices drop below $1 per litre
Drivers in Calgary are seeing relief at the pumps as gas prices tumble below $1 per litre at some stations, a direct impact of lower global oil prices. Find out where and why.
Carney: Trudeau's $200B climate strategy a failure
PM Mark Carney calls Trudeau's climate plan a $200B flop, linking its failure to 1998 Kyoto accord. His new policies reverse key Liberal measures. Read the full analysis.
Readers Call for Increased Canadian Oil Marketing in Asia
Calgary Herald readers advocate for Canada to intensify oil marketing in Asia and develop West Coast export terminals, responding to global energy dynamics. Explore the debate.
BP sells majority stake in Castrol for US$6 billion
BP Plc agrees to sell a 65% stake in its Castrol lubricants division to Stonepeak Partners for US$6 billion. The deal marks a key step in the energy giant's strategy to reduce debt and reset its business after a turbulent year.
Venezuela Seeks to Criminalize Oil Tanker Seizures
Venezuela's government is pushing to criminalize the seizure of its oil tankers as former U.S. President Donald Trump increases pressure on Nicolás Maduro's regime. This geopolitical tension could impact global oil markets.
Baytex Energy Plans Up to $625M in 2026 Capital Spending
Calgary-based Baytex Energy Corp. reveals its 2026 capital expenditure plan, targeting $550 to $625 million. The investment focuses on sustaining production in key Canadian oil fields.
New Federal Methane Regulations Announced for 2028
The Carney government announces phased methane regulations for oil, gas, and landfill sectors starting in 2028, offering industry two compliance paths. Learn the details.
BP's Canadian CEO Ousted in Strategy Clash with Chair
BP abruptly replaced CEO Murray Auchincloss after repeated clashes with new chair Albert Manifold over the oil giant's strategic direction. Read the inside story of the leadership shakeup.
Funding for Legacy Well Emergency Prep in Chatham-Kent, Essex
Chatham-Kent and Essex receive provincial funding to bolster emergency preparedness plans for aging gas and oil wells. Learn how this investment aims to protect local communities.
Truck hits powerlines, closes Ramara road
A well drilling truck struck high-voltage power lines in Ramara on December 17, 2025, leading to a major road closure. No injuries were reported. Read for details on the incident and response.
Israel Approves Major $35B Gas Deal with Egypt
Israeli PM Benjamin Netanyahu confirms a landmark $35 billion natural gas agreement with Egypt, marking a significant development in regional energy and diplomacy. Read the details.
Experts: Canadian Oilpatch Can Withstand Crude Market Doldrums
Industry experts express confidence in the Canadian energy sector's ability to navigate current crude market challenges. Discover the factors behind this resilience and the outlook for 2025.
GoldHaven Drills Sulphide Mineralisation at Copeçal Project
GoldHaven Resources Corp. has successfully finished its first-ever diamond drilling campaign at the Copeçal Gold Project in Brazil, intersecting significant sulphide mineralisation. Assay results are pending.
Federal methane rules offer flexibility to energy sector
The Carney government has finalized methane regulations, allowing oil and gas producers to design their own reduction plans if they meet strict targets. Learn about the policy shift and its impact.
Feds announce plan to cut methane from oil sector, landfills
The federal government has announced a new regulatory framework to significantly reduce methane emissions from Canada's oil and gas operations and landfills. Learn about the key targets and implications for the environment and industry.
Canada Announces New Methane Emission Rules for Energy Sector
The Canadian government has announced stringent new regulations aimed at dramatically cutting methane emissions from the oil and gas industry. Learn about the key targets and implications.
Stricter Methane Regulations Announced for Oil, Gas, Landfills
The Carney government unveils new methane regulations for oil, gas, and landfills, phasing in from 2028. The rules aim to cut emissions but will slightly slow GDP and production growth in B.C., Alberta, and Saskatchewan. Read the details.
Alberta Companies Fined for Workplace Injury
Two Alberta companies and a supervisor face significant fines following a serious injury at an oil and gas site. Read the full details of the court's decision and its implications for workplace safety.
Toronto building evacuated after gas leak, 1 hospitalized
A gas leak in a Toronto building led to a full evacuation and sent one person to the hospital. Emergency crews responded to the scene on December 16, 2025.
High-Grade Gold Discovery Reported on Globex Royalty Claims
Globex Mining updates shareholders on a significant gold discovery in Quebec, with Cartier Resources intersecting high-grade zones. Drill results show assays up to 339.6 g/t Au. Read the latest findings.
TC Energy CEO Advises U.S. on Energy Infrastructure
TC Energy CEO François Poirier offers U.S. guidance on speeding up oil and gas projects. The advice comes amid ongoing North American energy security and regulatory discussions.
High-Grade Zinc, Gallium, Germanium Found in NWT
Integral Metals Corp. reports significant assay results from its 2025 drill program at the KAP Project in the Northwest Territories, confirming high-grade zinc with critical minerals gallium and germanium.
Oil Could Be Next TSX Driver After Gold's 2025 Surge
National Bank strategists predict Canada's energy sector, no longer seen as a 'stranded asset,' could power the TSX next year following a federal policy shift, while gold fueled 2025's record run.
First Atlantic Nickel Expands Pipestone XL Drilling Program
First Atlantic Nickel adds four drill holes to its Phase 2X program at the RPM Zone in Newfoundland, targeting a 1.4-kilometer strike length of awaruite nickel alloy. The expansion follows a 100% discovery success rate.
Orezone Hits High-Grade Gold at Bomboré P17 Zone
Orezone Gold announces strong confirmatory drill results, including 5.55 g/t gold over 15m, at the P17 Zone of its Bomboré mine. The zone is set to be a primary feed source for the new hard rock plant, with commissioning underway and first gold imminent.
Norway examines scenarios for economy after oil era
Norway initiates a comprehensive study to plan its economic transition away from oil dependency. Explore the strategies for a sustainable future.
Q2 Metals Intercepts 457m of High-Grade Lithium in Quebec
Q2 Metals Corp. reports a significant lithium discovery at its Cisco Project in Quebec, intercepting 457.4 metres of 1.65% Li₂O. The find boosts the project ahead of a 2026 resource estimate.
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