Alberta oil and gas news

Here are some recent news articles and updates related to the oil and gas industry in Alberta:

Industry News

  1. Oil prices rise as OPEC+ agrees to modest production cut: The price of oil rose on Monday after OPEC+ agreed to a modest production cut, which is expected to support prices and help balance the global market. (Source: CBC News)
  2. Alberta oil production to increase in 2023: The Alberta government has announced that oil production in the province is expected to increase in 2023, driven by new projects and investments in the industry. (Source: Global News)
  3. Suncor Energy reports strong Q3 results: Suncor Energy, one of Canada's largest oil sands producers, reported strong third-quarter results, with net earnings of $1.1 billion and cash flow from operations of $2.3 billion. (Source: Financial Post)

Regulatory News

  1. Alberta government introduces new regulations for oil and gas industry: The Alberta government has introduced new regulations aimed at reducing greenhouse gas emissions from the oil and gas industry, including a requirement for companies to reduce their emissions by 10% by 2025. (Source: CBC News)
  2. Federal government announces new regulations for oil and gas sector: The federal government has announced new regulations aimed at reducing methane emissions from the oil and gas sector, including a requirement for companies to reduce their methane emissions by 45% by 2025. (Source: The Globe and Mail)
  3. Alberta Court of Appeal rules in favour of oil and gas companies on royalties: The Alberta Court of Appeal has ruled in favour of oil and gas companies, striking down a provincial law that required companies to pay royalties on natural gas produced from wells. (Source: Calgary Herald)

Company News

  1. Cenovus Energy to acquire Husky Energy: Cenovus Energy has announced that it will acquire Husky Energy in a deal worth $23.6 billion, creating one of the largest oil and gas companies in Canada. (Source: The Globe and Mail)
  2. Imperial Oil reports strong Q3 results: Imperial Oil, a subsidiary of ExxonMobil, reported strong third-quarter results, with net earnings of $1.1 billion and cash flow from operations of $2.2 billion. (Source: Financial Post)
  3. Encana to change name to Ovintiv: Encana, a leading oil and gas producer in Canada, has announced that it will change its name to Ovintiv, effective January 1, 2023. (Source: Calgary Herald)

Environmental News

  1. Alberta government announces new measures to reduce oil and gas emissions: The Alberta government has announced new measures aimed at reducing emissions from the oil and gas industry, including a requirement for companies to reduce their emissions by 10% by 2025. (Source: CBC News)
  2. Environmental groups sue Alberta government over oil and gas emissions: Environmental groups have sued the Alberta government over its failure to regulate emissions from the oil and gas industry, arguing that the government is violating its constitutional duty to protect the environment. (Source: The Globe and Mail)
  3. Oil and gas industry faces growing pressure to reduce emissions: The oil and gas industry is facing growing pressure to reduce its emissions, with many companies committing to reduce their emissions in response to climate change concerns. (Source: Financial Post)