Oil & Gas News Archives

News Video: Deadly Enbridge Pipeline Explosion - Oil Prices Rise $4 - Alberta Premier Confirms Royalty Amendments Possible - Petro-Canada Cuts Alberta Spending Plans - WesternZagros Drilling - Jed Oil On-Line...

Crude oil futures were steady Wednesday as traders mulled differing signals from OPEC on whether it will consider increasing production to ease near record prices.

Edmonton, Alberta - Energy related websites have experienced a significant increase in traffic in the wake of Alberta's decision to increase oil and gas royalties.

With oil prices nearing US$100/bbl and global oil and gas demand continuing to increase, worldwide jackup demand also is rising.

News Video: Following a Q3 $358M goodwill write-off, the CEO of Highpine Oil & Gas explains why he's optimistic Alberta's new royalties will be adjusted for explorers.

News Video: Recent tax changes in Argentina have spooked investors and hurt Canadian oil companies operating there. But analysts say the sell off of Petrolifera and Petro Andina shares is overdone. Bob Nicholson has more.

Oil prices flirted with $100 a barrel Wednesday, pushed higher by declining U.S. supplies, a falling dollar and refinery outages.

News Video: Petro-Canada Lock Out - OPEC Currency, Green Fund - Connacher Notes - Petrolifera Discovery - Heritage Oil to Mali - Bellamont Acquisition - New Alberta Ethanol Plant - Epcor Emissions Plan...

Breaking News Video: Two of the top analysts in the Canada oil patch are bullish on long term natural gas prices. But in the short term, they're predicting a rough ride. Bob Nicholson reports.

British Chancellor Alistair Darling has vowed to do everything possible to "extract every last drop of commercially viable oil and gas" from the North Sea in response to West Aberdeenshire and Kincardine ...

A small oil spill in an Enbridge Inc. pipeline northwest of Bemidji, Minnesota forced two large crude oil pipelines to close for several hours.

A study conducted by the Baker Institute, part of Houston-based Rice University, has found that the "Big Five" international oil companies are spending less money on oil exploration in real terms ...

The consolidation trend continues in the energy trust sector as AltaGas offers up $590 million to buy the rest of Taylor NGL that it doesn't already own. Bob Nicholson has the story.

“The increased scale and scope of our generation portfolio resulted in significantly greater power generation sales volumes in all of our regions.”

Power producer Dynegy Inc. said Thursday it swung to a third-quarter profit, lifted by better-than-expected business at its power generation unit and the sale of a power plant.

The company earned $220 million, or 26 cents per share, in the three months ended Sept. 30 versus a loss of $69 million, or 14 cents per share, in the year-ago quarter.

The most-recent quarter included a $110 million after-tax gain on the August sale of Dynegy's CoGen Lyondell plant in suburban Houston to electric utility PNM Resources Inc. Read more

News video: Alberta's Environment Minister on the looming deadline for gas processors to cut emissions by 12%. But find out why the province's new clean air rules may be the least of their worries in the New Year.

Oil futures jumped to a new record above US$97 a barrel Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks.

Gasoline prices in the United States jumped back above US$3 a gallon at the pump Monday even as concerns about the economy and increases in crude supplies sent oil prices lower.

SAN RAMON, Calif. - Chevron Corp.'s third-quarter profit plunged even further than analysts feared, driven by the second largest U.S. oil company's inability to recover its higher refining costs at the gasoline pump.