The government of Ontario announced last week that it will invest $25.6 million to develop a province-wide strategy to clean up old and abandoned oil and gas wells. The plan is expected to include a [Read more]
On Tuesday, Backwoods Energy Services announced it will work alongside the Canada Mortgage and Housing Corporation to provide financial support to its Indigenous employees looking to purchase their first home. According to the company, its [Read more]
Saudi Arabia needs oil prices and revenues to go even higher in the coming years to pay for the kingdom’s transformation away from oil. Saudi Aramco photo. Oil prices have risen 175 per cent since [Read more]
The West Texas oil industry is booming thanks to new technology that has helped bring breakeven costs down to as little as $25/barrel. CNBC photo by Morgan Brennan. Unemployment rates sink as West Texas oil [Read more]
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