Oil & Gas and Mining News

A new report says the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to clear the backlog or keep up with the rate of surrendering.

OTTAWA — The federal government moved on Tuesday to purge consumer carbon pricing from law, effectively putting an end to what was once the keystone of the Liberals' climate policy.

EDMONTON — The Alberta Energy Regulator has fined a company $456,000 for submitting false or misleading information in its applications for reclamation approval.

CALGARY — Canada's new energy minister walked into the lion's den Friday and spoke to oil and gas executives in Calgary about Ottawa's plans to turn the country into an energy superpower.

FREDERICTON — A three-person team who will lead a review of New Brunswick's debt-laden public power utility says "nothing is off the table" when it comes to finding solutions.

CALGARY — Vermilion Energy Inc. has signed a deal to sell a group of assets in Saskatchewan and Manitoba for $415 million. The company says it will use the net proceeds from the sale to repay debt.