Robert Tuttle

A group of Canadian oil sands producers reached an agreement with the Alberta and federal governments on next steps toward building a carbon capture and storage system.

South Korea is soaking up record volumes of Canadian crude oil as the war in Iran forces countries across Asia to look for alternatives to Persian Gulf barrels. It’s a shift that some say will extend beyond the conflict.

Plus: Indigenous groups strike a deal with LNG Canada

(Bloomberg) – On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they're drilling for oil.

Several major Canadian natural gas producers have left one of the partners proposing the country’s second-largest gas export project ahead of a looming final decision on construction for the plant.

Canadian oil sands giant Cenovus Energy Inc. is poised this month to join an elite group of energy producers pumping the equivalent of more than 1 million barrels of oil and gas a day.

Enbridge Inc. delayed the planned expansion of oil export pipelines out of Canada, citing the need for governments to finalize policy plans and producers to commit to growing oil sands production.

Canada’s drive to expand oil export pipelines is set to push demand for ultralight crude, and both domestic suppliers and importers are gearing up to take advantage of an anticipated rise in prices.

South Bow Corp. shares rose the most in more than a month after US President Donald Trump suggested the controversial cross-border Keystone XL pipeline project, a version of which the company has proposed, would be revived.

US refiners are facing a looming supply drop from their biggest foreign crude supplier at a time when they need the oil the most.