(Reuters) – U.S. President Donald Trump on Friday acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term disruption. But the Republican president told reporters in the Oval Office that he was not concerned about the reaction of financial markets to his plans to … Read more
(Reuters) – U.S. President Donald Trump said on Friday that he will decrease threatened tariffs on Canadian oil to 10%. Trump said that tariffs on oil and gas are likely to take effect on Feb 18. Reporting by Trevor Hunnicutt and Jasper Ward; Editing by Caitlin Webber
CALGARY, Alberta–(BUSINESS WIRE)–Waterous Energy Fund Management Corp. (the “WEF Manager“), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP, Waterous Energy Fund (International) LP, Waterous Energy Fund II Aggregator LP, Waterous Energy Fund Co-Investment (Canadian) LP and Waterous Energy Fund … Read more
CALGARY, AB, Jan. 31, 2025 /PRNewswire/ – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) today announced that Waterous Energy Fund Co-investment (Canadian) LP and Waterous Energy Fund Co-investment (International) LP (together, the “WEF Funds”), two of the limited partnerships comprising Waterous Energy Fund (“WEF”), have completed a share pass-through transaction resulting in the disposition of 24,010,576 common … Read more
OTTAWA, ON: The Canadian Taxpayers Federation will keep fighting to scrap the capital gains tax hike completely after winning a victory forcing the Canada Revenue Agency to pause enforcement this year. “Taxpayers across Canada forced the Trudeau government to back down from enforcing this illegal and undemocratic capital gains tax hike this year, but the fight … Read more
(Reuters) – Canada will respond immediately and forcefully if the United States goes ahead with a threat to impose tariffs, Prime Minister Justin Trudeau said on Friday, warning Canadians that they could be facing tough times. President Donald Trump has set a Saturday deadline to slap a 25% tariff on imports from Canada and Mexico. … Read more
CALGARY, AB, Jan. 31, 2025 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce: the closing of its previously announced asset disposition to Ovintiv Inc. (the “Transaction”); the declaration of a special cash distribution of $15.00 per class A common share (“Common Share”); the entering into of an amended $500 million four-year financial covenant-based revolving bank credit facility; estimated … Read more
Summary • Trump tariffs on Canada and Mexico could start this weekend • Unclear if tariffs would exclude oil imports • Russian sanctions dampen supply prospects • OPEC+ to discuss U.S. output plans on Feb 3 (Reuters) – Oil prices were steady on Friday but on course for a weekly decline as markets wait to … Read more
Oil producer Imperial Oil posted a fall in fourth-quarter profit on Friday, as lower crude prices offset higher production and stronger refinery-capacity utilization.Benchmark crude prices fell 3% in 2024. The company still raised its quarterly dividend by 20% to between 60 and 72 Canadian cents per share. Imperial’s upstream production for the October-December quarter was … Read more
Quarterly net income of $1,225 million Cash flows from operating activities of $1,789 million and cash flows from operating activities excluding working capital1 of $1,650 million Kearl quarterly production of 299,000 total gross oil-equivalent barrels per day (212,000 barrels Imperial’s share), and highest-ever full year total gross production of 281,000 barrels per day (200,000 barrels Imperial’s … Read more
HOUSTON, Jan 31 – U.S. oil producer Chevron used the term “Gulf of America” instead of Gulf of Mexico in its fourth-quarter press release on Friday, a sign of corporate America beginning to implement U.S. President Donald Trump’s order to rename the ocean basin. The name change was part of a flurry of executive orders Trump issued … Read more
Summary • Global oil demand seen growing by 700,000 to 1.3 mln bpd in 2025 • First upward revision in 2025 Brent price forecast since April (Reuters) – Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll showed on Friday, although tougher U.S. … Read more
(Reuters) – Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020, sending its shares down more than 2%. Chevron CEO Mike Wirth told Reuters the downtrend in refining margins is set to continue this year. The second-largest … Read more
Progressive Conservative Leader Doug Ford said Thursday he will honour Ontario’s commitment to the burgeoning electric vehicle sector if re-elected, while his main political rivals were less definitive. U.S. President Donald Trump has said his country does not want or need Canadian cars despite signing a free trade deal with Canada and Mexico in his … Read more
The battery maker’s bankruptcy lawyer argued in a letter to creditors that Chapter 11 processes cover all countries Bloomberg News The steps to recover claims “violate United States federal law and an order from the U.S. Bankruptcy court,” Christopher T. Greco, a lawyer for Kirkland & Ellis LLP, wrote in the letter seen by newspaper … Read more
By Canada Powered by Women Affordability, economic prosperity and the future of U.S.-Canada trade relations hang in the balance nearly two weeks after Donald Trump returned to the Whitehouse. President Trump’s declaration to “sign all necessary documents to charge Mexico and Canada a 25 per cent tariff on all products coming into the United States” as … Read more
The Alberta Energy Regulator has directed the Orphan Well Association (OWA) to assume control of the majority of Sequoia Resources Corp.’s (Sequoia) sites. The reasonable care and measures (RCAM) order issued on January 29, 2025, directs the OWA to immediately take responsibility for the care of about 2500 sites that the AER has now orphaned for closure. … Read more
The annual Core Conference, CEGA’s foremost rock-focused event, serves as a relaxed and collaborative platform for sharing insights and technical work within the geoscience community. Our presenters range from esteemed figures in Canadian university programs to experienced industry professionals with decades of experience in natural resource development. Call for Abstracts – Now Open! We invite … Read more
Plans to boost its wealth fund roughly tenfold by 2050 Bloomberg News Canada’s top oil-producing province of Alberta plans to boost its wealth fund roughly tenfold to $250 billion by 2050 in a bid to wean itself off volatile natural resources revenue. The government formed a corporation to oversee the $24.3 billion Heritage Savings Trust … Read more
Canada’s national carbon tax on consumer fuels is likely in its final weeks after both major contenders to replace Prime Minister Justin Trudeau as Liberal leader have promised to scrap it. “My government will immediately remove the consumer carbon tax,” said Mark Carney, the former central bank governor who’s now vying for Trudeau’s job. “Since Canada’s current climate … Read more
By Ross McKitrick Canada’s Path to Net Zero by 2050: Darkness at the End of the Tunnel The Government of Canada has committed to going beyond the Paris target of reducing greenhouse gas (GHG) emissions to 40 percent below 2005 levels as of 2030 and now intends to achieve net zero carbon dioxide (CO2) emissions … Read more
U.S. President Donald Trump on Thursday said he would be moving ahead to put a 25% tariff on imports from Mexico and Canada that would take effect on Feb 1. When asked if the tariffs would include tariffs being impossed on oil imports, Donald Trump responded as follows. “We may or may not. We’re going … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 38 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
OTTAWA, ON: The Canadian Taxpayers Federation released Leger polling showing 64 per cent of Canadians want the federal government to suspend the carbon tax immediately. “The poll results are crystal clear: the vast majority of Canadians want the government to immediately suspend the carbon tax,” said Franco Terrazzano, CTF Federal Director. “Canadians shouldn’t have to pay the carbon … Read more
CALGARY, Alberta, Jan. 30, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more
CALGARY, AB, Jan. 30, 2025 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it expects to release its year end 2024 results before markets open on Thursday, February 13, 2025. The release will be followed by a conference call and webcast that have been scheduled for Thursday, February 13, 2025, at 8:00 AM Mountain Time (10:00 AM Eastern Time). The conference … Read more
Figure 1: My LinkedIn QR Code This article describes how to share your LinkedIn QR code in seconds. The return of in-person events has been a breath of fresh air after the extended pandemic with a long road back to normalcy. These gatherings offer excellent opportunities to learn something new, foster meaningful conversations, and expand … Read more
Concrete structures exposed to harsh weather, freeze-thaw cycles, and industrial chemicals face significant deterioration over time. By utilizing advanced waterproofing solutions, such as Penetron Crystalline Technology and Polyurethane Coatings, we can safeguard concrete against moisture, chemical infiltration, and structural erosion. PROBLEM Below and above ground concrete that is exposed to severe weather patterns throughout the … Read more
Trump sets his sights on exporting more natural gas overseas Risky plan bets countries will buy US fuel to avoid tariffs Bloomberg News President Donald Trump’s high-stakes bid to use natural gas exports as leverage to expand US influence in Europe and Asia appears to be gaining early traction. Government officials and energy executives from countries … Read more
CALGARY, AB, Jan. 30, 2025 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to announce the closing of its previously announced upsized bought deal equity financing, including the full exercise of the over-allotment option (the “Equity Offering“). Pursuant to the Equity Offering, the Company issued a total of 25,589,800 common shares (“Common Shares“) of … Read more
CALGARY, AB, Jan. 30, 2025 /CNW/ – Western Energy Services Corp. (the “Company“ or “Western“) (TSX: WRG) announces that Alex R.N. MacAusland, President and Chief Executive Officer of Western, has decided to retire from his roles at the Company, including as a director of Western, effective immediately. Mr. MacAusland was a founder of Western and has served as Chief Executive Officer since 2013. He has served as an … Read more
Summary • Investors await Trump’s move on Mexico, Canada tariffs • US crude oil stockpiles up last week • OPEC+ ministerial meeting on Feb. 3 in focus (Reuters) – Oil prices were little changed on Thursday as investors focused on tariffs threatened by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers … Read more
Calgary, Alberta–(Newsfile Corp. – January 29, 2025) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to provide preliminary guidance for 2025 with a focus on advancing development activities within the Duvernay Joint Venture. 2025 CAPITAL PROGRAM On January 6, 2025, Journey announced initial drilling results on the first 2.0 (0.71 net) … Read more
Donald Trump had a busy first day back on the job. From his desk in the Oval Office, President Trump signed a suite of executive orders including on energy and regulation, with major implications for Canada. He’s clearly rejected the primacy of a regulatory state (in favour of the legislative state), put a lock on the growth … Read more
CALGARY, AB, Jan. 29, 2025 /CNW/ — Shell Canada Limited and affiliates (“Shell”) and Canadian Natural Resources Limited (Canadian Natural) had agreed to a provision in the 2017 Athabasca Oil Sands Project (“AOSP”) transaction, where Shell will swap its remaining 10 per cent interest in the Albian mines in exchange for an additional 10 per cent interest in the Scotford upgrader and … Read more
The International Energy Agency’s former oil industry and market chief criticized the agency’s focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies. The IEA is under fire from the administration of President Donald Trump for a shift in recent years toward … Read more
But now there’s some talk about reviving big ones By Resource Works More News and Views From Resource Works Here Canada has a hefty slate in recent years of big natural-resource projects that were abandoned, or put on a back burner, often because of government action or inaction. One estimate is that Canada has … Read more
Alberta’s government is unveiling a new policy toolkit to accelerate simple permit approvals, reinforcing its commitment to cutting red tape. Slow permit approvals and regulatory hurdles have long held back businesses, job creators and economic growth. Alberta’s new “Automatic Yes Toolkit” for permits makes life better for Albertans by reducing red tape, speeding up project … Read more
Calgary, Alberta–(Newsfile Corp. – January 29, 2025) – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) (“Canadian Natural” or the “Company”) announces that pursuant to a 2017 agreement with Shell Canada Limited and affiliates (“Shell”) and as a result of certain conditions being met, Canadian Natural and Shell are transacting an asset swap related to the Athabasca Oil Sands Project … Read more
Vermilion Energy Inc. (Vermilion) has announced that it is acquiring Westbrick Energy Ltd. (Westbrick) for $1.075 billion. XI’s AssetBook has identified roughly 44,700 boe/day compared to the news articles that have identified the deal at 50,000 boe/day. This translates to roughly between $21,000 and $24,000 per flowing boe. Looking back at other gas transactions, Tourmaline acquired Bonavista for … Read more
CALGARY, Alberta, Jan. 29, 2025 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce the signing of a $10.0 million seismic data licensing sales contract for 3D seismic data located in West Central Alberta. Pulse’s data library provides extensive seismic coverage critical for today’s data focused exploration and … Read more
Summary Valero to kick off Q4 US refiner earnings on Thursday Soft fuel demand continues to weigh on Q4 refining margins US gasoline futures crack spread hit one-year low in December Investors to focus on refiners’ plans to limit impact of Trump’s tariffs (Reuters) – Wall Street is bracing for a sharp decline in U.S. … Read more
Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.
Shell is swapping its remaining 10 per…
With the threat of a Feb. 1 tariff imposition looming, U.S. President Donald Trump’s pick to lead the Commerce Department says Canada could avoid tariffs in the short term if the government addresses border concerns – and those sentiments are being echoed by Newfoundland and Labrador Premier Andrew Furey. Detailing a broader tariff plan … Read more
Canada’s Energy and Natural Resources Minister Jonathan Wilkinson said on Wednesday any response to U.S. tariffs would be regionally fair and equitable and would not target Alberta, Canada’s main oil-producing province. Wilkinson said Canada’s response would focus on products in a way that hurts Americans more than Canadians. U.S. President Donald Trump has threatened to … Read more
Vancouver, British Columbia–(Newsfile Corp. – January 29, 2025) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide a corporate update, announce the declaration of a quarterly dividend payment to shareholders, and deliver guidance for 2025. Corporate Update In 2024, Hemisphere achieved annual production growth of 10%, executed a $22 million … Read more
Summary • API data shows rise in weekly US crude and gasoline inventories • Trump plans to impose Feb 1 tariffs on Canada and Mexico • Libya reports normal oil loadings after protests • Saudi and other OPEC+ ministers meet next week (Reuters) – Oil prices edged lower Wednesday on a rise in U.S. crude … Read more
Premier Doug Ford, who will trigger an election this week, recently said he plans to “spend billions of dollars” to stimulate Ontario’s economy if President Donald Trump makes good on his threat to slap a 25 per cent tariff on Canadian exports into the United States. But rather than piling on even more spending, the … Read more
The Canadian Press Newfoundland and Labrador’s government has appointed a team for the next round of negotiations with Hydro-Quebec, as the provinces’ public utilities work to hammer out a sweeping energy deal. The team is composed of Jennifer Williams, head of Newfoundland and Labrador Hydro; Denis Mahoney, deputy minister of justice and public safety; and … Read more
From pipelines to reactors, companies bank on data center boom DeepSeek’s more efficient model threatens growth forecasts Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an artificial intelligence boom — and the surge in … Read more
Saudi Energy Minister Prince Abdulaziz bin Salman held talks on Monday with his Iraqi and Libyan counterparts, Hayan Abdel-Ghani and Khalifa Abdulsadek, in Riyadh on efforts to support the stability of global energy markets, the Saudi state news agency (SPA) reported. OPEC+, which groups the de facto Saudi-led Organization of the Petroleum Exporting Countries and … Read more
Summary • Brent up, WTI futures inch up • Protests block loading oil at Libya’s two major ports • China manufacturing activity contracted in January • US set for warmer than normal temperatures (Reuters) – Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising … Read more
Summary • US crude output hits record highs as rig count, frac fleets slip • WTI to average $63/bbl in 2025, oil executives planning for $70-75 • Quarterly land rig day rates to end 2025 at lowest since Q2 2022 • Bankruptcies on the rise as service firms face lower prices, less work (Reuters) – … Read more
CPC support remains at pre-Trudeau-resignation levels, more than two-in-five still prefer that party January 27, 2025 – The Liberal leadership race is still in its early days, but it is renewing interest in the party among voters, especially with the prospect of Mark Carney as leader. The former Bank of Canada Governor Mark Carney appears … Read more
CALGARY, AB, Jan. 27, 2025 /CNW/ – The Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, will make a funding announcement to support carbon management technologies in Alberta. A media availability will follow. Date: January 29, 2025 Time: 10:30 MT All accredited media are asked to pre-register by emailing [email protected] by Tuesday, January 28, at 3 p.m. MT. A dial-in line is available … Read more
By Jim Warren On the bright side, at least President Donald Trump’s threat to impose 25% tariffs on Canadian oil and gas, might have alerted some Central Canadians to the critical importance of oil and gas to the national economy. Trump’s tariff pronouncements may also have forced the Laurentian elite to rethink the wisdom … Read more
The biggest lesson from all this is that Canada must find a way to diversify its trade, especially when it comes to energy. We need to build more pipelines, we need to diversify our customer base, and we need to start acting like a country that is looking out for us all, not just our … Read more
Shares of U.S. power, utility and natural gas companies sold off on Monday in some of the biggest recorded one-day drops, as new AI technology from Chinese start-up DeepSeek cast doubt on a projected surge in U.S. electricity demand and tech spending. Power producers were among the biggest winners in the S&P 500 last year … Read more
Wind projects are expected to help the province have 78 per cent of its electricity coming from renewable sources by 2028 The Canadian Press The Nova Scotia government says a program to bring wind-generated electricity to 11 large customers is keeping the province on track to meet its goal of producing 80 per cent of its electricity with renewables by … Read more
Calgary, Alberta–(Newsfile Corp. – January 27, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce its initial 2025 capital budget. The Company’s board of directors has approved a capital budget of $6.85 million for the first six months of 2025, which will be used for drilling, completing and equipping one … Read more
CALGARY, Alberta – GLJ Ltd. (“GLJ”), a global leader in energy resource evaluations and emerging energy service solutions, is pleased to announce key organizational changes that position the company for continued success and innovation. These promotions underscore GLJ’s commitment to leadership excellence, technical expertise, and delivering unmatched value to clients worldwide. Tracy Bellingham promoted … Read more
Summary • US puts Colombia sanctions threat on hold • Trump policies keep markets nervous • OPEC+ yet to react to Trump call for lower prices (Reuters) – Oil prices edged up on Monday, with traders still on edge despite the U.S. pulling back from initial sanctions threats against Colombia, reducing immediate concern over oil … Read more
Summary • Oil companies seen prioritizing returns over drilling growth • Overall oil and gas production expected to grow 5% this year • Chevron, Exxon expected to report fourth-quarter profit declines HOUSTON, Jan 27 – Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus … Read more
Ensuring operational safety and efficiency in the Canadian energy industry often comes down to selecting the right equipment for demanding conditions. One such innovation making waves is the Jacoby-Tarbox Series 5005 Sight Window, a product from Clark-Reliance that combines robust design with practical features to address challenges commonly faced in refineries and industrial facilities. Proven … Read more
Even though Canada’s overall construction season starts to wind down as temperatures dip, road and pad construction projects shouldn’t have to! Winter and spring construction often pose significant challenges—frozen subgrades, compaction issues, and increased crew operating costs—but there is a viable alternative to traditional construction: Tough Cell® NPA geocells. Tough Cell® geocells give contractors a … Read more
Winter can be relentless, and when freezing temperatures hit, your operations can be at serious risk. Freeze-ups can lead to costly downtime, lost production, and unexpected challenges for your pneumatic systems. But with Kathairos Solutions’ liquid nitrogen solution, you can keep your operations running smoothly no matter how harsh the conditions get. Here’s why liquid … Read more
(Reuters) – Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump’s threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia. Oil is a popular inflation hedge because energy … Read more
WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader’s own plans to make America energy-dominant.
Trump made the comments in a …
ST. JOHN’S, N.L. — Norwegian energy giant Equinor has contracted two companies to do preliminary work for the stalled Bay du Nord offshore oil project in Newfoundland and Labrador.
BW Offshore, an international company headquartered in Norway, says Eq…
New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. Demand for LNG is rising as Europe turns to the fuel to help plug gaps after losing the supply of Russian gas piped through Ukraine. Exxon … Read more
The new president issued a barrage of orders seeking to boost fossil fuels and reverse policies that address global warming. Bloomberg President Donald Trump wasted no time in laying the groundwork for a sweeping anti-climate agenda, signing a series of executive orders just hours after being sworn into office that seek to unravel former President … Read more
Summary • Trump reiterates call on OPEC to bring down oil prices • US president moves to raise US oil output • Trump vows to impose tariffs on European Union, Canada and Mexico • U.S. crude stocks fall by 1 million barrels (Reuters) – Oil prices settled slightly higher on Friday but posted a weekly … Read more
Strong numbers highlight the importance of oil and gas to Canada’s prosperity By Grady Semmens Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Oil sands workers in northern Alberta. Photo courtesy Pathways Alliance The recent expansion of the Trans Mountain pipeline helped drive a surge in the value … Read more
Developer no longer interested in oil project killed by Biden Process for Canada-US pipeline would likely have to start over President Donald Trump appears to have opened the door for construction of the Keystone XL pipeline, the controversial oil conduit that even its former developer doesn’t want to build. A Biden administration executive order that revoked Trump’s … Read more
OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April. Trump on Thursday announced he would be asking Saudi Arabia and the Organization of the Petroleum Exporting Countries to … Read more
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by … Read more
Be prepared for a massive paradigm shift this year. As the next federal election approaches, Canada’s climate policies are under the microscope and big changes are coming no matter who wins. Pierre Poilievre’s Conservatives and top Liberal leadership contenders Chrystia Freeland and Mark Carney are all talking about changes to the federal carbon tax so … Read more
Summary • Trump urges Saudi Arabia and OPEC to bring down oil prices • Crude pressured by Trump moves to raise U.S. oil output • Tariffs could dent global demand growth • U.S. crude stocks fall by 1 million barrels (Reuters) – Oil prices edged up on Friday but remained on track for a weekly … Read more
(Reuters) – U.S. President Donald Trump on Thursday said he would demand that interest rates drop immediately, and that other countries should follow suit – marking his first broadside at Federal Reserve monetary policymaking since taking office just three days ago. “With oil prices going down, I’ll demand that interest rates drop immediately, and likewise … Read more
Why risk our relationship with a giant, friendly oil producer that US refiners depend upon? By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. In theory, President Donald Trump’s threat of sweeping tariffs against … Read more
HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he’s open to ending a moratorium on fossil fuel drilling in the rich Georges Bank fishing grounds.
Premier Tim Houston said Wednesday …
“We’re going to be demanding respect from other nations … Canada has been very tough to deal with over the years,” he told the World Economic Forum in Davos on Thursday, appearing via video conference before an audience of the world’s most powerful business and political leaders. “We don’t need them to make our cars, … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 38 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
You shouldn’t have to pay the carbon tax for one more day. Liberal leadership candidates are talking about ending it. Even Environment Minister Steven Guilbeault admits the carbon tax is too unpopular to keep. And you’ve heard Conservative Leader Pierre Poilievre say he’ll axe the tax. So why should you have to pay the carbon … Read more
(Reuters) – The United States needs double the energy it has to power rapidly emerging artificial intelligence operations, U.S. President Donald Trump said on Thursday. Trump said he would give emergency declarations to allow companies working on AI to start building plants “almost immediately” given intensive competition with China. “The big problem is we need … Read more
Justin Trudeau’s imminent exit from office may mark the beginning of the end of a 10-year war on Canada’s energy sector, and by extension, Canada’s economy. Kenneth P. Green Senior Fellow, Fraser Institute Canada is the world’s fourth-largest oil producer, currently supplying 6 per cent of global production. Canada is the fifth-largest producer of natural … Read more
‘I see my responsibility as using this recognition to better our people moving forward’ By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A member of the Mikisew Cree First Nation in Fort Chipewyan, Dave Tuccaro is founder, president and CEO of Tuccaro Group. Photo courtesy … Read more
Poppy, a six-year-old springer spaniel with floppy brown ears and a tail that never seems to stop wagging, is by all accounts a very good dog.
Her white, brown speckled nose has also made her something of a trailblazer.
In a first-of-its-kind study,…
2025 Capital Expenditure Budget of $240-280 Million and Expected 2025 Cash Flow1 of $260-300 Million 2025 Capital Program Includes 10-14 Development Wells and 6-8 High Impact Exploration Wells Forecast 2025 Production of 47,000-53,000 BOEPD, Representing at the Midpoint, an Increase of 44% from 2024 Forecast 2025 Free Cash Flow2 of $90 Million Before Exploration, $20 Million After … Read more
By Sheila Dang and Valerie Volcovici Oil companies cautious on Alaska as policy reversals possible US oil production already at record levels Industry seeks long-term certainty beyond executive orders HOUSTON/WASHINGTON, Jan 23 (Reuters) – U.S. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump’s executive order … Read more
By Resource Works More News and Views From Resource Works Here
WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating.
The province’s Public Utilities Board has approved an increase for natural gas by Centra Gas as of Feb. 1.
The board says the annual bill for a…
Calgary, Alberta–(Newsfile Corp. – January 23, 2025) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) is pleased to announce that a new Corporate Presentation is available to shareholders and can be accessed via the following link January 2025 Corporate Presentation. In addition, Kevin Johnson, President & CEO, has prepared a recorded video of this presentation that is intended … Read more
(Reuters) – The European Union is open to discussing purchases of energy and arms from the United States to ward off tariffs that President Donald Trump has threatened to impose on the bloc, EU’s top economy official said on Thursday. Trump has vowed to address a long-running deficit in goods trade with the EU, either … Read more
(Reuters) – President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia’s economy, driven by exports of oil, gas and minerals, grew robustly over the past two years despite multiple … Read more
CALGARY, AB, Jan. 22, 2025 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) (“Kiwetinohk” or the “Company”) is pleased to announce the appointment of Ms. Alicia Kilmer to the Company’s Board of Directors, effective January 22, 2025. New director announcement Ms. Kilmer was recently appointed Vice-President, Strategic Planning & Development at Tundra Oil & Gas and is the owner of AMK Strategy Consulting, … Read more
By Rick Bell See More Articles From Rick Bell HERE Boy, it is a good thing Alberta Premier Danielle Smith didn’t listen to the self-styled smart set. It is a good thing Smith stood her ground and ignored the voices telling her to sign on to Team Canada and forget about standing up for Alberta and … Read more
Summary • Recent gains eroded by mixed market drivers, says analyst • Trump tariffs could dampen global oil demand growth • Higher U.S. crude stocks also pressure prices (Reuters) – Oil prices were little changed on Thursday, maintaining almost all of the previous session’s losses on uncertainty over how U.S. President Donald Trump’s proposed tariffs … Read more
Summary • Trump calls US energy supply inadequate and unaffordable • National Emergencies Act unlocks presidential power in 150 statutes • Experts warn that expediting projects could harm environment (Reuters) – U.S. President Donald Trump’s declaration of a national energy emergency to boost drilling and speed up pipeline construction should withstand court challenges but will … Read more
‘This kind of recognition is a way of saying you are moving the needle’ By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Nicole Bourque-Bouchier and family members outside Bouchier headquarters in Fort McKay, Alberta. Photo courtesy Bouchier The journey from Fort McMurray in northern Alberta … Read more
The freeze on coal exploration prompted coal companies to sue the province over $15 billion in lost revenues and costs The Canadian Press Danielle Smith says the potential liability facing Alberta means the government needs to take the lawsuits seriously and taxpayers need to be protected. Photo by Jason Franson/THE CANADIAN PRESS files Alberta Premier Danielle Smith says … Read more
by Deidra Garyk Dear Cast and Crew of Landman I am writing to express my gratitude for each of you involved in this groundbreaking series. As someone who has spent considerable time working in the Canadian oil and gas industry, I want to thank you for the courage you’ve shown in tackling the contentious … Read more
Order for April 1 border review came with Feb. 1 tariff threat Canada prime minister supports ‘dollar-for-dollar’ retaliation By Brian Platt, Thomas Seal, and Robert Tuttle US President Donald Trump is trying to create uncertainty in his trading partners to knock them off-balance and weaken their negotiating position, Canadian Prime Minister Justin Trudeau said. Trump … Read more
VANCOUVER — The president of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline project that would have created another route for Alberta’s oil to get to the Pacific Ocean.
Grand Chief Stewart …
By Valerie Volcovici and Sheila Dang Withdrawal from Paris agreement increases regulatory ambiguity, risks US energy firms planning long-term investments in technologies aimed at fighting climate change US oil industry prefers engagement in global climate talks WASHINGTON, Jan 22 (Reuters) – U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage … Read more
TORONTO — A CIBC report says sweeping tariffs imposed by the U.S. could cost the Canadian economy as much as 3.25 per cent, even factoring in possible exemptions for the oil and gas sector.
An analysis published Tuesday examined four potential scenari…
DENVER, Jan. 22, 2025 /PRNewswire/ – Ovintiv Inc. (NYSE, TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. “The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our … Read more
CALGARY, Alberta, Jan. 22, 2025 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2025 budget and guidance and its updated five-year outlook and capital allocation strategy for 2025 to 2029. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “Our 2024 capital program successfully delivered on our strategy … Read more
BC imports 2 Site C Dams worth of electricity for 2nd year in a row By Resource Works More News and Views From Resource Works Here VANCOUVER, British Columbia, Jan. 20, 2025 (GLOBE NEWSWIRE) — British Columbia’s CleanBC policies, aimed a greater electrification of the economy, are making the province increasingly vulnerable to growing trade … Read more
Summary • Oil benchmarks Brent and WTI stable • Trump discussed a 10% tariff on Chinese goods from Feb. 1 • Rare winter storm impacting US Gulf Coast operations Jan 22 (Reuters) – Oil prices held steady on Wednesday, with traders closely watching President Donald Trump’s proposed tariffs and the potential impact of the national … Read more
Freeland, Gould and Carney have all cooled on consumer carbon pricing in recent weeks OTTAWA — The three frontrunners in the Liberal leadership race have all backed away — to one degree or another — from the Liberal government’s keystone climate policy in a bid to take a major Conservative line of attack off the table. The … Read more
Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but noted prices were likely to ease through the second half of the year. “The oil outlook could see heightened, sustained geopolitical risks in Iran/Russia-Ukraine potentially wipe out the 2025 oil balance surplus, but the Trump … Read more
Nearly six years ago, JGC Fluor Joint Venture became the prime contractor responsible for the engineering, procurement, and construction of the LNG Canada Project, which is being built on the traditional territory of Haisla Nation in Kitimat, British Columbia. At that time, Fluor began leading Indigenous engagement, which was being built on a foundation of … Read more
EDMONTON — As a possible Feb. 1 deadline looms for the United States to impose punishing tariffs on Canadian goods, Alberta Premier Danielle Smith says she’s sticking to her diplomatic approach to try to stop them.
Smith, in a virtual news conference …
Suppliers rush to push out as much oil as possible as it’s more valuable now than in the future Bloomberg News A flood of Canadian oil is heading south to the United States to beat President Donald Trump’s threatened tariffs. Enbridge Inc.’s Mainline, the largest oil export pipeline from Canada to the U.S., will cut the volumes of … Read more
This article originaly appeared in the National Post by Jamie Sarkonak – More From Jamie Sarkonak Here The problem Mark Carney, likely Liberal leader-to-be, will always run into is this: his fate doesn’t depend on a successful Canada. Who is Liberal leadership candidate Mark Carney? Carney announced his leadership run last Thursday. Odds are good … Read more
(Reuters) – Saudi Arabia’s foreign minister said on Tuesday he did not see Donald Trump’s new administration increasing the risk of an Israel-Iran conflict, addressing an issue the region has feared since the start of Israel’s war in Gaza. Prince Faisal bin Farhan Al Saud also said in Davos that he hoped President Trump’s approach … Read more
AUSTIN, Texas (Jan. 21, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its 2025 Global Energy Outlook, an e-book focused on pivotal North American and international energy landscape trends and opportunities expected this year. Enverus Intelligence® Research (EIR) experts believe the intersection of power and gas will … Read more
CALGARY, Alberta, Jan. 21, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) This report continues Prospera’s monthly production updates, ensuring stakeholders receive consistent and timely insights into operational performance and key field developments. All production numbers referenced are sales numbers of the Company at its current working interest, pre-royalties. … Read more
CALGARY, AB, Jan. 21, 2025 /PRNewswire/ – Veren Inc. (“Veren”, or the “Company”) (TSX: VRN) (NYSE: VRN) is pleased to announce the results from its 2024 independent reserves report, provide an update on its operations and announce the appointment of two independent board members. KEY HIGHLIGHTS Strong reserve additions, replacing 173 percent of 2024 annual production on a … Read more
Summary • Orsted takes further impairments due to U.S. challenges • Shares plunge 17%, now down around 84% since 2021 peak • Trump ends government support for new wind power • Other European wind company shares also fell (Reuters) – European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new … Read more
Summary • Will wait and see impact of sanctions on Russia tankers • Kingdom takes market balance into account when setting output • Looking to expand LNG position globally (Reuters) – Saudi oil giant Aramco’s Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million … Read more
Summary • Trump says he is considering 25% tariffs on Mexico and Canada from February • President declares sweeping plan to maximise US oil production • U.S. will “probably” stop buying Venezuelan oil, Trump says (Reuters) – Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump’s plans to apply new tariffs later … Read more
(Reuters) – U.S. President Donald Trump issued a flurry of orders within hours of his inauguration on Monday intended to boost the nation’s already record-high oil and gas production and unwind former President Joe Biden’s climate agenda. Here are some of the actions Trump took on his first day: ENERGY EMERGENCY Trump declared a national … Read more
Five of Canada’s Big Six banks have now left net-zero alliance Lenders say they remain committed to climate transition By Alastair Marsh and Christine Dobby Bank of Nova Scotia is the latest major bank to walk away from the industry’s biggest climate-finance alliance, following a mass exodus led by Wall Street. The lender confirmed Monday … Read more
President issues raft of orders after taking office Monday Directives underscore commitment to ending Biden-era policies President Donald Trump launched a sweeping overhaul of US energy policy hours after taking office Monday, putting the weight of the federal government behind fossil-fuel production and pulling back from the fight against climate change. Trump initiated the shift in a … Read more
CALGARY, Alberta, Jan. 20, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (“Cielo” or the “Company”) announces the anticipated settlement of an aggregate $1,622.413.10 (the “Aggregate Debt Amount”) in debt by way of share issuance (each a “Shares for Debt Transaction”, collectively the “Shares for Debt Transactions”), subject to the approval of the TSX … Read more
Why B.C.’s wealth still flows from its natural resource base. By Resource Works More News and Views From Resource Works Here Where the money comes from in British Columbia isn’t hard to see – if you look at the facts In British Columbia, the economy is sometimes discussed through the lens of a “new economy” … Read more
As Donald Trump is sworn in as president on Monday and threatens to impose tariffs on Canadian exports including oil and natural gas, the calls from some Canadian politicians and analysts for greater energy trade diversification grow louder. However, these calls highlight a hard truth—Canada has repeatedly foregone opportunities to reduce our dependence on the United … Read more
By Stephanie Hughes Canada would emerge from a trade war with much deeper scars than the US should it retaliate against President Donald Trump’s potential tariffs, economist David Rosenberg said. The founder of Toronto-based Rosenberg Research & Associates Inc. said the Canadian government’s plan for “tit-for-tat” counter-tariffs would backfire. Canada exports more than 20% of … Read more
You can tell Chrystia Freeland what you think about the carbon tax TODAY. Justin Trudeau is on his way OUT as prime minister and the carbon tax needs to be tossed in a flaming dumpster as he leaves. But here’s what just happened over the weekend: Former finance minister Chrystia Freeland announced she is running … Read more
By: Kenneth P. Green Canada has a regulation problem. Our economy is over-regulated and the regulatory load is growing. To reverse this trend, we need a deregulation agenda that will cut unnecessary red tape and government bloat, to free up the Canadian economy. According to the latest “Red Tape” report from the Canadian Federation of Independent Business, … Read more
President threatens duty for fentanyl, undocumented migration Trump speaks in first Oval Office comments after inauguration President Donald Trump said he planned to enact previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s two immediate neighbors are allowing the flow of undocumented migrants and drugs … Read more
(Reuters) – Donald Trump plans to issue a flurry of executive orders and directives after he is sworn in as U.S. president on Monday to put his stamp on his new administration on matters ranging from energy to immigration. Two sources familiar with the planning said more than 100 such orders and directives could be … Read more
Presidential memo stops short of calling for new tariffs Trump’s call for national emergency at Mexico border hits peso By Cecile Gutscher and Isabelle Lee Relief that Donald Trump will hold off from imposing China-specific tariffs on his first day in office propelled US equity futures higher on Monday. The dollar slumped. Trump was sworn … Read more
President-elect to invoke powers on day one: people familiar Actions set to touch full spectrum of the US energy industry Bloomberg News President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to … Read more
Summary • New US sanctions hit near-term supply and ship availability • Trump could relax curbs for accord on Ukraine, analysts say • Israel and Hamas ceasefire helps to keep a lid on prices Jan 20 (Reuters) – Oil prices were steady on Monday as traders awaited U.S. President-elect Donald Trump’s inauguration in the hope … Read more
By William Lacey There has been a lot of talk in the last 24 hours about how Premier Danielle Smith did not sign a statement of support with the Government of Canada regarding a unified response to any tariff action taken by incoming President of the United States, Donald Trump. Trudeau singles out Alberta premier … Read more
With spring only a few months away, there is no better time than now to start planning for spring maintenance and turnaround services. MAINTENANCE AND ON-CALL SERVICE Techmation Electric & Controls Ltd.’s maintenance philosophy is to maintain our client’s facilities with the highest standards of safety and quality while minimizing operational downtime. Techmation offers ongoing … Read more
‘Shadow fleet’ exploits loophole to trade Russian oil, possibly fuelling Canadian vehicles Eric Szeto, Ivan Angelovski, Jordan Pearson, Christian Paas-Lang · CBC News · Posted: Jan 17, 2025 Millions of dollars worth of Russian oil is coming into Canada thanks to a loophole in federal sanctions, providing much-needed income for the Kremlin to fuel its ongoing invasion of Ukraine. CBC News’s visual … Read more
Advanced technologies are reshaping how engineering and construction projects are conceived, designed, and executed. One such transformative technology is mobile 3D scanning. 3D scanning utilizes digital photography and LiDAR (Laser Detection and Ranging) to produce digital, at scale, representations of real-world locations. These tools can tremendously enhance project delivery. Precise, high-resolution 3D models of the … Read more
When it comes to safeguarding the energy industry, Westech Industrial stands at the forefront of innovation and safety. With over 55 years of expertise, Westech has established itself as a global leader in the design, manufacturing, and distribution of flame arresters. Our flame arresters are trusted worldwide, offering unmatched protection and reliability in critical applications … Read more
Calgary, Alberta, Canada The Knowledge Transfer (KT) Project is revolutionizing communication in capital projects with a remarkably simple tool – the Glossary of Common Industry and Project Terminology. This essential resource is now available for purchase in eBook and paperback formats. In early 2025 it will become available in a global distribution network of 40,000+ … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, … Read more
By Jim Warren People on the prairies who understand the value of a flourishing oil and gas sector are hopeful the election of a Conservative government will sweep away the barriers that blocked the Northern Gateway and Energy East pipelines. Some optimistic industry analysts suggest a project similar to Northern Gateway may be doable but … Read more
Global energy storage capacity has tripled in recent years, thanks to an industry that barely existed a decade ago. Illustration: Jay Daniel Wright for Bloomberg Businessweek By David R Baker Inside an unmarked stucco building in a Silicon Valley office park, more than 1,000 black metal cabinets, each about the size of a fridge, line … Read more
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Liberal leadership front-runners Chrystia Freeland and Mark Carney to clearly state whether they will scrap the carbon tax. “Taxpayers have one simple question for anyone who wants to be prime minister: Will you scrap the carbon tax?” said Franco Terrazzano, CTF Federal Director. “Freeland is running on … Read more
(Reuters) – Four of Canada’s biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks. The departures from the Net-Zero Banking Alliance began with Goldman Sachs’ announcement on Dec. 6 and come ahead of Donald Trump’s return to the White House next week. Trump has … Read more
WASHINGTON — The looming threat of devastating tariffs slapped against Canada hangs over president-elect Donald Trump’s return to the White House Monday.
Trump is preparing more than 100 executive orders. It’s unclear what is in the massive package a…
Summary • Brent up 1.3%, WTI adds 1.7% in the week • Concerns about more supply disruptions as Trump returns to power • Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal • US oil rig count falls by two (Reuters) – Oil prices settled lower on Friday but notched their … Read more
EDMONTON — The Alberta Energy Regulator has laid nine charges against Imperial Oil almost two years after an estimated 5.3 million litres of contaminated wastewater overflowed from a pond at its Kearl oilsands mine north of Fort McMurray, Alta.
The ch…
Summary US firms eye Canada’s Montney due to depleted US shale prospects Montney offers room to grow with comparatively untapped geology Rising interest in Canada’s oilpatch comes after a decade of reduced foreign investment (Reuters) – U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada’s Montney … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Friday. * WCS for February delivery in Hardisty, Alberta, settled at $13.50 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.75 a barrel under the U.S. benchmark on Thursday. * … Read more
(Reuters) – U.S. President-elect Donald Trump, after his inauguration on Monday, is expected to swiftly usher in a wide range of tariffs, which could dramatically upend the movement of goods and services in coming years. Trump has made tariffs, which were key to American tax revenue collection in the 19th century, a primary plank of … Read more
Calgary, Alberta–(Newsfile Corp. – January 17, 2025) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company”) is pleased to announce that it has entered into definitive agreements with a private company (“PrivateCo“) for the supply of between 3.2 MMcf/d1 and 4.8 MMcf/d1 of natural gas for an initial term of 25 years pursuant to a natural … Read more
Reversing Biden’s licensing pause clears DOE to give approvals Several major natural gas export projects could move ahead President-elect Donald Trump has vowed to lift the Biden administration’s moratorium on new permits to export liquefied natural gas on his first day in office next week. The promised reversal is key for a number of US projects hanging … Read more
Summary Q4 adjusted profit 92 cents per share vs forecast 90 cents Q4 revenue $9.28 billion vs forecast $9.18 billion Shares up more than 2% in premarket trade (Reuters) – SLB (SLB.N), opens new tab raised its quarterly dividend and accelerated share repurchases on Friday after the oilfield services provider posted better than expected fourth-quarter … Read more
Summary • Brent up 2.4% so far this week, WTI adds 3.5% • Concerns about more supply disruptions as Trump returns to power • Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal (Reuters) – Oil prices rose on Friday, on course for a fourth consecutive week of gains, as the … Read more
The Canadian Association of Energy Contractors (CAOEC) opposes any proposal to impose retaliatory export tariffs, taxes, or bans on Canadian oil and gas. For half a century, free trade has yielded mutual benefits for both Canada and the United States. This collaboration has led to the creation of a highly integrated and efficient North American … Read more
CALGARY, AB, Jan. 16, 2025 /CNW/ – Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company“) is pleased to announce that it has entered into an underwriting agreement to issue and sell $135 million of five year, 10.50% Senior Secured Second Lien Notes due 2030 (the “Notes“) by way of private placement (the “Offering“). The Offering is being underwritten by … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Thursday. * WCS for February delivery in Hardisty, Alberta, settled at $12.75 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.80 a barrel under the U.S. benchmark on Wednesday. * … Read more
Canadian Press OTTAWA — Prime Minister Justin Trudeau has assembled a new Canada-U. S. relations council to support the federal government as it deals with the incoming Trump administration’s vow to impose tariffs. The 18-member council includes representatives from the auto sector, unions, industry and agriculture. It also includes Steve Verheul — who was Canada’s … Read more
Alberta Premier Danielle Smith is not backing down, she is ramping things up Author of the article: By Rick Bell See this article and other Rick Bell Articles Here She is not backing down. Far from it. She is ramping things up. Upping the ante, telling her critics what she wants to see in a Team … Read more
The products on that initial list weren’t disclosed Bloomberg News Brian Platt Canada has drawn up an initial list of $150 billion of U.S.-manufactured items that it would hit with tariffs if U.S. president-elect Donald Trump decides to levy tariffs against Canadian goods, according to an official familiar with the matter. The list is a draft … Read more
Summary • Brent, WTI close to six-month highs • U.S. crude stocks fall more than forecast • Demand growth to pick up from India, China festivals (Reuters) – Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on the latest U.S. sanctions on Russia and a larger-than-forecast fall in U.S. … Read more
The federal Liberals are turning on the carbon tax faster than Vin Diesel making a corner in Fast and Furious. But Canadians need to know who’s in the driver’s seat and where they are going. Liberal leadership candidates must declare their positions on the carbon tax. If they say they’ll keep it, they are no different … Read more
(Reuters) – President-elect Donald Trump’s pick for secretary of the interior, Doug Burgum, will tell lawmakers during his nomination hearing on Thursday that he will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters, calling it key to national security. The comments signal a coming sharp turn in policy after … Read more
“This time it’s different” is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia’s crude oil exports. Oil prices jumped in the wake of the new measures aimed at preventing Russia from shipping crude using a so-called “dark fleet” of tankers. It does seem strange an industry … Read more
WASHINGTON — Energy and Natural Resources Minister Jonathan Wilkinson is making a case to American legislators for a Canada-U.S. energy and resource alliance as Canada faces devastating across-the-board tariffs when president-elect Donald Trump return…
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 38 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
SAINT JOHN, N.B. – New Brunswick-based Irving Oil has confirmed that the century-old company will remain privately held, after completing a strategic review that started in June 2023. The company issued a statement Tuesday confirming it had also appointed Jeff Matthews as the company’s new president and CEO. Matthews has worked with Irving Oil for the past … Read more
Doug Ford is a strong believer in retaliatory tariffs, others urge caution “Alberta will simply not agree to export tariffs on our energy or other products, nor do we support a ban on exports of these same products. We will take whatever actions are needed to protect the livelihoods of Albertans from such destructive federal … Read more
(Reuters) – The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Wednesday: WCS for February delivery in Hardisty, Alberta, settled at $12.80 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.35 a barrel under the U.S. benchmark on Tuesday. … Read more
By Curtis Williams and Jarrett Renshaw HOUSTON, Jan 15 (Reuters) – U.S. President-elect Donald Trump plans to make it easier for some producers of liquefied natural gas (LNG) to seek export permit renewals, according to two sources with knowledge of the plan. Trump will likely include the change in an executive order on LNG that … Read more
‘Previous administrations have viewed energy as a liability’ Chris Wright runs a Colorado fracking services company Bloomberg News Donald Trump’s choice for energy secretary said the US should expand production of fossil fuels along with nuclear power, geothermal and other technologies to make the nation’s energy more reliable and affordable. “The security of our nation … Read more
By Tom Hals Victims sue Southern California Edison under unique legal doctrine Inverse condemnation allows claims without proving utility’s negligence Wildfires expected to be costliest ever in US Jan 15 (Reuters) – Victims of the Los Angeles wildfires, likely the costliest in U.S. history, are seizing upon a unique California legal doctrine that allows them … Read more
25 policy changes to unleash American energy By Alex Epstein It may seem impossible, but 4 years from now America can have Record oil and gas production Cheap, plentiful, reliable electricity High environmental quality” Low climate danger A nuclear renaissance For well over a year I’ve been working on an Energy Freedom Plan that can … Read more
Calgary, Alberta–(Newsfile Corp. – January 15, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to provide an operational update on its discovery well. On December 3, 2024, the Company issued a press release indicating that its discovery well was brought on production after an extended shut-in period due to normal-course, regulatory requirements. Prior … Read more
Vancouver, British Columbia–(Newsfile Corp. – January 15, 2025) – Altima Energy Inc. (TSXV: ARH) (OTC Pink: ARSLF) (BE: AKC) (the “Company” or “Altima”) announces the successful acquisition (“Acquisition”) of Crown Petroleum and Natural Gas lease tracts totaling 1,408 hectares (3,479 acres) offsetting the Richdale operated field, located in Eastern Alberta. This acquisition enhances Altima’s position … Read more
This year’s average global temperature is expected to rival 2024’s record-breaking heat, Canadian officials said Wednesday, underlining humanity’s narrowing window to hit an international target intended to help avert some of climate change’s most ser…
Calgary, Alberta–(Newsfile Corp. – January 15, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce the 2025 budget. 2025 BUDGET HIGHLIGHTS Generate adjusted funds flow(1) of $217 million(2) ($1.30 per diluted share) at US$70 WTI; Average annual production of 21,300 to 21,700 boe/d for 2025 with exit 2025 production in excess of … Read more
A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should … Read more
Shale Slope Erosion Nestled in the foothills of the Canadian Rockies, a coal mining community in British Columbia was dealing with an abundance of shale slopes that had formulated over time. One soft shale slope was degrading due to geomorphic processes, causing scour and erosion to the hillside. This slope is located above a mechanically … Read more
(Reuters) – OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world’s biggest importer of oil. The 2026 forecast is in line with the Organization of the Petroleum Exporting Countries’ … Read more
Five of the country’s largest energy-focused industry associations have formed a joint working group to support the push against the threat of a 25 percent tariff on all Canadian goods from the incoming U.S. President, Donald Trump. The Canadian Association of Petroleum Producers (CAPP), Pathways Alliance, Enserva, the Explorers and Producers Association of Canada (EPAC), … Read more
Summary • Wright believes fossil fuels are key to ending world poverty • Wright supports new small nuclear reactors and geothermal power • Democrats, Wright agree on need for more power transmission WASHINGTON (Reuters) – Chris Wright, President-elect Donald Trump’s pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing … Read more
Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the incoming Trump administration is likely to put tariffs on oil and gas imports. An index of Canadian energy producers fell 1.4%, the most since Dec. 18, while the S&P 500 Integrated Oil and Gas … Read more
Summary • Brent and WTI benchmarks edge higher • OPEC sees 2026 global oil demand growth of 1.43 million bpd • IEA says new US sanctions could disrupt Russian supply • U.S. crude stockpiles fall more than expected, API sources say • EIA expects longer-term supply to outstrip demand Jan 15 (Reuters) – Oil prices … Read more
Ex-BC premier, industry minister said Tuesday they won’t run Liberal campaign is happening on short timeline, ends March 9 By Brian Platt and Mathieu Dion The race to succeed Justin Trudeau as Canada’s prime minister is increasingly looking like a two-way battle between former Finance Minister Chrystia Freeland and ex-central banker Mark Carney. The field … Read more
By Shariq Khan NEW YORK, Jan 14 (Reuters) – Oil prices will be under pressure in 2025 and 2026 as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 … Read more
Screw WHAT mess? …the disorganized mess of paper folders, data files, surveys, printed spreadsheets, drawings, pictures, meeting notes, lists of dates, and whatever else makes its way into the stack of documents needed for energy project land assessment, acquisition, and contract management. Trying to find the right information strains your resources, slows projects down, and … Read more
The oil and gas industry faces increasing pressure to manage Asset Retirement Obligations (ARO) with accuracy and transparency. For Burgess Creek Exploration (BCX), an oil and gas company with a disciplined focus on conventional oil and gas reservoirs, this was a challenge. Relying on an Excel-based model, BCX struggled with issues related to data integrity, … Read more
Stephen Harper has criticized Donald Trump over his comments regarding the United States’ relationship with Canada. During an interview with Gabe Groisman, the former prime minister broke down all the things the president-elect has gotten wrong. He pushed back on some of the claims made by the president-elect, pointing out that when it comes to … Read more
More than 450,000 kilometres of pipelines link Canada and the U.S. – enough to circle the Earth 11 times By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter As U.S. imports of Canadian oil barrel through another new all-time high, leaders on both sides of the border are … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, Jan. 14, 2025 (GLOBE NEWSWIRE) — Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) is pleased to announce that, as a result of excess demand, it … Read more
Province’s leader met with president-elect at Mar-a-Lago Ottawa shouldn’t make ‘empty’ threats to curb exports: Smith Watch a portion of the Danielle Smith’s Interview Here Premier Danielle Smith said Albertans should expect incoming U.S. President Donald Trump to follow through on his plan to implement blanket tariffs on Canadian exports, something she said could prompt … Read more
CALGARY, AB, Jan. 14, 2025 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to provide the following corporate update and declaration of a special distribution by return of capital. OPERATIONS As previously disclosed, production downtime due to unscheduled third-party turnarounds and maintenance continued from the third quarter of 2024 into October and November. This downtime primarily affected … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Monday. * WCS for February delivery in Hardisty, Alberta, settled at $12.35 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.15 a barrel under the U.S. benchmark on Monday. * … Read more
Ontario Premier Doug Ford said Tuesday he’s now convinced the federal government has a “phenomenal” plan to secure the Canada-U. S. border in response to Donald Trump’s tariff threat — although he didn’t offer up any details of that plan.
Trump has th…
My new interview with Jordan Peterson On the latest episode of the Jordan Peterson Podcast, I analyze the crucial moment we’re at with American energy policy, and break down my “Energy Freedom Platform” to make the absolute most of this moment. Stream the full interview on Youtube, X, or Spotify, or read the transcript below. Alex Epstein’s influence … Read more
Officials map out how they can respond to Trump trade levies Trade threats to Canada, Mexico signal deeper trade upheaval Donald Trump and his allies are broadening their scope in what threatens to be a more prolonged and unpredictable trade war than during his first presidency. Photographer: Angel Garcia/Bloomberg Donald Trump’s inauguration promises to usher … Read more
By: Tegan Hill and Jake Fuss This fiscal year (2024/25), the federal government and eight out of 10 provinces project a budget deficit, meaning they’re spending more than collecting in revenues. Unfortunately, this trend isn’t new. Many Canadian governments—including the federal government—have routinely ran deficits over the last decade. But why should Canadians care? If you listen … Read more
By: Jake Fuss and Grady Munro Canada’s Waning Competitiveness on Capital Gains Taxes The federal government recently increased the capital gains tax inclusion rate from one-half to two-thirds for all capital gains realized by corporations, and for individuals realizing capital gains exceeding $250,000 annually. Presented as a tax change that will only affect the “wealthiest” … Read more
RBC Climate Action Institute releases annual climate action report TORONTO, Jan. 14, 2025 – Canada can make a significant dent in carbon emissions over the next decade by growing and decarbonizing the country’s electricity grids, new research from the RBC Climate Action Institute finds. Decarbonizing Canada’s electricity grids would reduce emissions, drive economic benefit, and contribute to energy security. Meanwhile, … Read more
Donald Trump plans to issue a flurry of executive orders and directives after he is sworn in as U.S. president on Monday, to put his stamp on his new presidency on everything from immigration to energy. Two sources familiar with the planning said Trump is preparing a flood of executive orders and directives that could … Read more
Summary • Norway awards exploration permits to 20 companies • Must drill to uphold oil, gas output, energy minister says • Also prepares for more Arctic exploration • Demonstrators, including Thunberg, protest against move SANDEFJORD, Norway, Jan 14 (Reuters) – Norway on Tuesday awarded stakes in 53 offshore oil and gas exploration licences to 20 … Read more
Summary • Prices ease after rising close to 10% since the start of the year • Markets eye US data releases this week • Sanctions could take 700,000-800,000 bpd of Russian crude off market, analysts say (Reuters) – Oil prices paused their rally on Tuesday, but remained near four-month highs, with the market’s attention focused … Read more
Canada needs economic growth. A new government should unleash our natural resources sector after a decade of tying it up in green tape Originally Published in the Financial Post Here When Pierre Poilievre becomes prime minister, as still seems all but certain even after Justin Trudeau’s exit, he will face acute economic problems: out-of-control spending, … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) was steady on Monday: * WCS for February delivery in Hardisty, Alberta, settled at $12.15 a barrel under the WTI benchmark, according to brokerage CalRock, having also settled at $12.15 a barrel under the U.S. benchmark on … Read more
Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance range Completion of 2024 capital program provided furthers delineation of Peace River acreage Successful results from first wells drilled in new Peavine and Gift Lake areas in Peace River with the Peavine 8-13 Pad achieving an average 30-day initial production … Read more
Authors: Devin Lacey, Yuchen Wang Lithium has become a foundational element in the advancement of electrification solutions, powering innovations in electric vehicles (EVs), energy storage systems, and advanced electronics. While its role in electrification and renewable energy deployment is indispensable, the lithium market remains highly volatile, driven by shifting supply-demand dynamics and changing policies. To … Read more
CALGARY, Alberta, Jan. 13, 2025 (GLOBE NEWSWIRE) — Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) is pleased to announce its preliminary guidance for 2025, an accelerated West Shale Basin Duvernay (the “Duvernay”) development program, and a $50.0 million bought deal equity financing led by National Bank Financial Inc., as lead underwriter and sole bookrunner (the “Equity … Read more
January 10, 2025 Ottawa, Ontario Transport Canada The Government of Canada is dedicated to supporting Canada’s transition to net-zero emissions, including accelerating the transition to zero-emission vehicles. This is why Transport Canada introduced the Incentives for Zero-Emission Vehicles (iZEV) Program in 2019. The iZEV Program has been a huge success. Over 546,000 vehicles have been … Read more
By Jonathan Saul Around 10% of the global tanker fleet hit by US sanctions Tanker rates rising as non-sanctioned ships in demand China’s Shadong port bans tankers hit by US sanctions – traders LONDON, Jan 13 (Reuters) – At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China … Read more
WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change.
The order allows the city of Ho…
• Brent and WTI prices touch August highs • Wider US sanctions to disrupt Russian supplies • Chinese and Indian refiners seek alternatives to Russian oil (Reuters) – Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest in more than four months, driven by … Read more
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine. Many of the tankers have been used to ship oil to India and China as western sanctions and … Read more
By: Jake Fuss and Grady Munro On Monday, after weeks of turmoil and speculation, Prime Minister Justin Trudeau told Canadians he’ll resign after the Liberal Party choses a new leader. There will be much talk about Trudeau’s legacy, but the modern Trudeau era was distinguished—among other things—by unprecedented levels of government spending. The numbers don’t … Read more
In the complex and hazardous environments of industries that handle hydrocarbons, the stakes are incredibly high. The risk of explosions or fires necessitates the deployment of the most reliable gas detection systems available. Emerson’s Rosemount™ 625IR Infra-Red Gas Detectors represent a leap forward in safety technology, using advanced infrared (IR) to ensure that these high … Read more
Bloomberg News U.S. President-elect Donald Trump has justified his threat of 25 per cent tariffs on Canada by pointing to the U.S. trade deficit. Top Canadian economists have a response to that: it’s all because your country wants cheap oil. The U.S. is on track to end 2024 with the largest overall trade deficit in its … Read more
Operating in remote, high-pressure environments is business as usual for the oil & energy sector. With every minute counting, you need a travel partner who gets it. That’s why industry leaders trust Corporate Traveller. Understanding the unique needs of oil & energy companies Travel in the oil & energy sector isn’t straightforward. From offshore rigs … Read more
By: Kenneth P. Green Decarbonizing Canada’s Electricity Generation Lessons from Ontario and Prospects for Alberta Canada’s Clean Electricity Regulations will require all provinces to fully “decarbonize” their electricity generation as part of the federal government’s broader “Net Zero 2050” greenhouse gas emissions mitigation plan. Ontario’s experience with decarbonization in phasing out its coal-fired electricity power … Read more
Kingsway Instruments and Fluke are proud to share the future of Leak Detection and Partial Discharge with the Fluke ii900 Series Acoustic Imagers. Fluke has now introduced two new models of the ii905 and ii915 with additional features and capabilities as updated replacements of the popular ii900 and ii910 models. Kingsway Instruments is offering the … Read more
By Jim Warren By spring 2024 it was pretty clear the Liberal government was headed for palliative care. A Leger poll on May 25 and an Abacus poll June 10 showed the Conservatives with a 20 point lead over the Liberals. As the likelihood of their imminent defeat increased, the Trudeau Liberals stepped up the … Read more
Trump’s tariff threat, and remarks about Canadian sovereignty, have alarmed Canadians across the political spectrum Alberta Premier Danielle Smith visited U.S. president-elect Donald Trump at Mar-a-Lago on Saturday evening and again Sunday morning, as Smith continues her campaign to woo American politicians in the face of tariff threats from the incoming president. “We had a … Read more
Premiers will meet with key members of the new Administration, Congress and business leaders to advocate for maintaining strong Canada-U.S. relations by addressing shared issues such as jobs and the economy, energy, critical mineral supply chains, border security and immigration. The U.S. sells more goods and services to Canada than it sells to China, Japan, and Germany combined. Our economic partnership … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by 5 to 584 in … Read more
(Reuters) – President-elect Donald Trump has promised to maximize U.S. oil and natural gas production – already at record highs – in part by clearing away what he deems as unnecessary regulation and bureaucracy. Here are some of the energy-related executive orders Trump could announce during his first days in office, as he seeks to … Read more
Pipeline CEO plans ahead for imminent change in US leadership Company ships almost 6 million barrels of crude, liquids daily Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. The company sees an opportunity to move “several hundred … Read more
Summary • Brent crude and WTI futures rise over 3% to 3-month high • US announces harshest package of sanctions against Russian oil • Sanctions will hit Russian oil exports – UBS, traders • Extreme cold in US, Europe also boosting oil prices – StoneX New York, Jan 10 (Reuters) – Oil prices rallied nearly … Read more
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to an uptick in socially-conscious … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday. * WCS for February delivery in Hardisty, Alberta, settled at $12.15 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.20 a barrel under the U.S. benchmark on Thursday. * … Read more
(Reuters) – The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The move is meant to cut Russia’s oil revenues for the war that … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Imperial (TSE: IMO, NYSE American: IMO) announced today that Sherri Evers, currently Senior Vice President, Sustainability, Commercial Development and Product Solutions for Imperial, will become North America Lubes General Manager for Exxon Mobil Corporation, effective March 1, 2025. “On behalf of Imperial, I would like to thank Sherri Evers for her contributions and strong … Read more
TORONTO (AP) — Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products if U.S. President-elect Donald Trump follows through with his threat to impose 25% tariffs on all Canadian products, a senior official familiar with the matter said Thursday. The official said the wide-ranging list hasn’t been completed yet. The … Read more
(Reuters) – Wind power provided 20% of the electricity consumed in Europe last year, but the capacity built during the year was less than half of what is needed to meet the European Union’s 2030 energy and climate targets, industry group WindEurope said on Friday. WHY IT’S IMPORTANT Wind has been a growing part of … Read more
Summary • Brent crude and WTI rise more than 3% • Brent reaches highest level in over three months • Concerns about tougher sanctions on Russian oil industry weigh on traders (Reuters) – Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply … Read more
Constellation is buying power natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country’s biggest power companies.
The transaction includes 50 million shares of Constellation stock, $4.5 billion in cash a…
The Canadian Press ST. JOHN’S, N.L. — A dramatic vote on Thursday night ended with the Newfoundland and Labrador government deciding to move forward with a draft energy deal with Quebec heralded as a game-changer for the indebted Atlantic province. The Opposition Progressive Conservatives walked out of the legislature in protest, without casting a vote. The … Read more
CALGARY, Alberta, Jan. 09, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Leadership Appointment Prospera announces the appointment of Darren Jackson as its Chief Operating Officer (COO) effective January 1st, 2025. Darren will oversee the company’s day-to-day operations, strategic initiatives, regulatory compliance, field optimization programs, and drive operational excellence. … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 38 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
Authors: Leonard Herchen & Yuchen Wang Overview: The energy markets in 2025 are undergoing transformative structural changes, highlighted by the operational launch of key infrastructure projects such as LNG Canada. This development significantly enhances Canada’s ability to meet rising global LNG demand while alleviating long-standing supply bottlenecks. At the same time, economic recovery across … Read more
Crude’s advance at the beginning of the year won’t last if producers’ track record is any guide. Today, oil strategist Julian Lee looks at the challenges facing OPEC+ plans to raise output this year. The oil market may not be as oversupplied this year as some forecasters have been suggesting. That doesn’t mean it will … Read more
There’s no way that Canada’s going to stand by and watch the decimation of our industries Bloomberg News The U.S. doesn’t have easy alternatives to Canadian crude oil, uranium, potash and other critical minerals, Wilkinson said. And he warned that nothing is off the table when it comes to potential Canadian trade retaliation, including export taxes. … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Thursday. * WCS for February delivery in Hardisty, Alberta, settled at $12.20 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.30 a barrel under the U.S. benchmark on Wednesday. * Canadian … Read more
Canadian Natural Resources said on Thursday it expects production to increase in 2025, betting on higher demand amid tight supplies. The energy producer forecast total production of 1.51 million to 1.55 million barrels of oil equivalent per day (boepd) for 2025. The new production range represents a growth of 12% over 2024 levels. It had estimated … Read more
CALGARY — The fate of Canada’s largest proposed carbon capture and storage project is even more uncertain after Prime Minister Justin Trudeau’s resignation announcement this week amplified existing unknowns around the future of energy and climate poli…
Jan 9 (Reuters) – Oil and gas major Shell (SHEL.L) said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico. The Whale development is operated by Shell, which owns 60% of the project alongside U.S. energy major Chevron (CVX.N), which has a 40% stake. The project … Read more
Norway exported a record amount of natural gas in 2024 and volumes are expected to stay near this level in the coming years, official data and forecasts showed on Thursday. Norway became Europe’s largest supplier of natural gas following Russia’s invasion of Ukraine in 2022, providing about 30% of all gas imports to the European … Read more
Summary • Analysts expect Jan demand to grow by 1.4 mln bpd • US gasoline and distillates stocks rise more than expected • Saudi Arabia crude oil supply to China to fall in Feb (Reuters) – Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel … Read more
Politicians are set to vote on draft of a deal that would see Hydro-Quebec pay more than it currently does for electricity. Newfoundland and Labrador’s Opposition Progressive Conservatives asked the premier on Jan. 8 to suspend a vote on a draft energy deal with Quebec’s hydro utility until it is reviewed by independent experts. Party … Read more
Gaining despite Wall Street’s dim outlook for oil and gas stocks Bloomberg News Energy is the star sector of the S&P 500 index in the early days of 2025, shaking off two consecutive years when it was a market laggard, and gaining despite Wall Street’s dim outlook for oil and gas stocks. The S&P 500 Energy Index has … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Wednesday. * WCS for February delivery in Hardisty, Alberta, settled at $12.30 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12 a barrel under the U.S. benchmark on Tuesday. * … Read more
Calgary, Alberta–(Newsfile Corp. – January 9, 2025) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s 2025 budget “Our high quality, diversified asset base combined with our flexible capital allocation strategy is a significant competitive advantage. Our disciplined and focused approach allocates capital and optimizes the product mix based on … Read more
(Reuters) – U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump’s plans to tariff imports. U.S. crude oil imports from Canada rose by 689,000 barrels a day in the week ended Jan. … Read more
(Reuters) – Shell (SHEL.L) trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months. In a trading update ahead of Jan. 30 full-year results, Shell also said it would take $1.5 billion to … Read more
Summary • Alaska challenges limits on leases set for auction in Jan • Says curbs make development ‘impossible or impracticable’ • Governor urges use of ‘vast resources’ available Jan 7 (Reuters) – The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and … Read more
Summary • WTI, Brent gains limited by US dollar strength • API shows US crude stocks fall 4.02 million barrels, sources say • OPEC production falls in December, Reuters survey shows Jan 8 (Reuters) – Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of … Read more
January 7, 2025 (Calgary, Alberta) – “After reviewing the draft emissions cap regulations, it is CAPP’s view the federal government’s approach will directly limit Canada’s oil and natural gas production, significantly infringing on provincial jurisdiction. No government should pursue such value-destroying and patently unconstitutional legislation. This is a federal production cap under the guise of … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Tuesday: * WCS for February delivery in Hardisty, Alberta, settled at $12 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $11.85 a barrel under the U.S. benchmark on Monday. * … Read more
ST. JOHN’S, N.L. — Newfoundland and Labrador politicians are digging into the details of the province’s draft energy deal with Quebec as four days of debate begin today in St. John’s, N.L.
The province’s Liberal government opened the legislature this …
Call For Speakers Thought leaders in upstream and midstream oil & gas, pipelines, renewable energy, and utilities, are invited to speak at a Pandell Leadership Series webinar. Who should apply? You’re an industry expert or innovator with insights to share with the North American energy market. You’re capable of delivering a live webinar presentation on … Read more
Why should Liberal MPs defend the carbon tax now? Prime Minister Justin Trudeau’s carbon tax should be tucked under his arm while he doesn’t let the door hit him on the way out. And Liberal caucus members need to make sure that happens. Those in doubt need to ask themselves two questions. Practically, why … Read more
CALGARY — The Alberta government is partnering with Calgary-based pipeline company Enbridge Inc. to increase the province’s oil and gas pipeline capacity.
The agreement is to begin with a new formal working group between Enbridge and the Alberta Petro…
The prime minister’s resignation marks both the end of a political era and the beginning of a potentially dramatic reshaping of the nation’s economy. By Thomas Seal, Erik Hertzberg, Randy Thanthong-Knight, and Brian Platt Justin Trudeau, Canada’s prime minister, departs after announcing his resignation at a news conference in Ottawa.Photographer: David Kawai/Bloomberg As Justin Trudeau’s … Read more
New Liberal leader will face an electorate looking for answers to financial and health care challenges January 7, 2025 – This week Canadians received the news that many have been expecting for weeks, that Prime Minister Justin Trudeau would be resigning his position as Liberal leader. Alongside this, parliament will be prorogued until March 24. As … Read more
CALGARY, AB, Jan. 7, 2025 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) announces the appointment of Derek Evans as a new Independent Director, effective today. Mr. Evans will serve as a member of AltaGas’ Audit Committee and its Environment, Health and Safety Committee. With Mr. Evans’ appointment, AltaGas increased the size of the Board of Directors (“Board”) to 11 members. … Read more
(Reuters) – Europe’s imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn’t come at the expense of Asia, which also recorded higher arrivals. A total of 10.89 million metric tons of the super-chilled fuel was imported by Europe in December, up 23% from 8.86 million in November … Read more
By Arathy Somasekhar Middle East oil exports to Europe fell 22% in 2024, Kpler data shows US boosts global oil trade share to 9.5% with shale production New refineries and pipelines alter global oil trade dynamics HOUSTON, Jan 7 (Reuters) – The volume of global crude exports in 2024 declined 2%, the first fall since … Read more
Summary • Brent and WTI climb • China’s Shandong Port blacklists U.S.-sanctioned oil vessels, traders say • Middle East market strength provides support • Economic data undermine demand hopes Jan 7 (Reuters) – Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent … Read more
CALGARY — Total Energy Services Inc. says it is planning $61.9 million in capital spending for 2025.
The company says the plan comprises $34.3 million of expansion capital and $27.6 million for equipment maintenance and recertifications.
The expansion…
Calgary, Alberta–(Newsfile Corp. – January 6, 2025) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to provide an update on its Duvernay Joint Venture (the “Joint Venture“) operations, including the excellent initial test rates achieved by the first two wells. Duvernay Joint Venture Operational Update On May 7, 2024 Journey announced its … Read more
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Monday. * WCS for February delivery in Hardisty, Alberta, settled at $11.85 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12 a barrel under the U.S. benchmark on Friday. * … Read more
By Thomas Seal and Brian Platt Leadership contest is likely to include a number of ministers Foreign Minister Joly also seen as potential candidate Justin Trudeau said Monday that he will leave as Canada’s prime minister in the coming months, ending a political run that included three consecutive election victories and nine years in the … Read more
By Jim Warren Schadenfreude (google the meaning of it!) can be fun, especially when misfortune falls on the truly deserving. Twenty-twenty-five augurs well for supporters of the oil and gas sector looking forward to the defeat of the Liberal government. Trudeau’s fall will herald a tsunami of relief and celebration on the prairies. Steven … Read more
By Yogi Schulz We’ve all read about the heated and continuing debate about the effectiveness and cost of solar and wind renewable electricity generation. Some have hyped these technologies as the saviour for the energy transition to address the impact of climate change. Others have challenged their cost, reliability and lifespan. Where do these technologies … Read more
EDMONTON — A new analysis of a decade’s worth of data kept by Alberta’s oil and gas regulator suggests the agency has made unsubstantiated claims about the success of oilsands tailings spills cleanup.
“Their own data, their … internal data are not b…
By Robert Tuttle Alberta’s government plans to directly dedicate barrels of oil for new pipeline projects in a bid to accelerate the expansion of production in the western Canadian province. To support the construction of new pipelines, the province may dedicate barrels of crude it acquires from producers in lieu of cash as royalty payments … Read more
OTTAWA — Prime Minister Justin Trudeau announced Monday he will resign as prime minister and Liberal leader once the party chooses a successor. Trudeau, who was first elected Oct. 19, 2015, steps down after nearly a decade in power. Here are the key p…
CALGARY — Canadian oil and gas stocks climbed Monday as the country’s energy sector absorbed the news of Prime Minister Justin Trudeau’s resignation.
As of mid-afternoon, the energy sector led all others on the TSX in terms of gains, with the S&P/TSX …
CALGARY — Suncor Energy Inc. says it broke its own record for oil and gas production in 2024.
The Calgary-based energy giant says it achieved record annual production of 827,000 barrels per day, a 10.9 per cent increase from 2023 and 17,000 barrels pe…
Nothing has changed. Every Liberal MP and Leadership contender supported EVERYTHING Trudeau did for 9 years, and now they want to trick voters by swapping in another Liberal face to keep ripping off Canadians for another 4 years, just like Justin. The only way to fix what… pic.twitter.com/YnNYANTs1y — Pierre Poilievre (@PierrePoilievre) January 6, 2025 … Read more
By Jan Lopatka Kyiv refused to extend transit deal for Russian gas Cancellation of German levy cuts cost of supplies via Germany Slovakia imports solely from Hungary PRAGUE, Jan 6 (Reuters) – Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region … Read more
CALGARY, AB, Jan. 6, 2025 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to provide an operations update following the successful completion of its 2024 drilling program. OPERATIONS UPDATE Spartan continues to execute on its corporate strategy by significantly growing oil and liquids production and acreage in the West Shale Basin Duvernay (the “Duvernay“), … Read more
CALGARY, AB, Jan. 6, 2025 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to report fourth quarter average production volumes of approximately 21,500 BOE/d and significant land expansion in the Clearwater fairway. Greater Pelican Area Headwater is excited to announce a new partnership with the Bigstone Cree Nation (“BCN”). A new farmout agreement supported by the Chief … Read more
(All figures are approximate) Calgary, Alberta–(Newsfile Corp. – January 6, 2025) – Suncor (TSX: SU) (NYSE: SU) today provided an operational performance update for its upstream and downstream businesses for the 4th quarter and full year of 2024 as summarized below: Upstream Highlights: Record quarterly production of 874,000 bbls/d, up 66,000 bbls/d from 4th quarter 2023 Quarterly upgrader … Read more
Calgary, Alberta–(Newsfile Corp. – January 6, 2025) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its 2025 budget, operations update and disposition of non-core assets. 2025 Budget Highlights Lycos is pleased to announce its 2025 budget pro-forma the disposition: Capital expenditures(1) of $80 million, which includes the drilling of approximately 32 (31.82 … Read more
The loonie advanced as much as 1.2% to C$1.4280 Monday The US dollar trading weaker aided the Canadian currency rise By Anya Andrianova and Carter Johnson The Canadian dollar advanced after Canadian Prime Minister Justin Trudeau announced his resignation as head of the Liberal Party, triggering a contest to replace him as leader. The so-called … Read more
Summary • Brent and WTI at highest since mid-October • Biden administration plans more sanctions on Russian oil • Saudi Arabia raises February oil prices for Asia (Reuters) – Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian … Read more
Summary • Brent and WTI at highest since mid-October • Biden administration plans more sanctions on Russian oil • Saudi Arabia raises February oil prices for Asia (Reuters) – Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian … Read more
In February 2024, the Smith government promised to share a plan to grow the Heritage Fund—Alberta’s long-term resource revenue savings fund—with the public before the end of 2024. But 2025 is upon us, and Albertans are still waiting. The Lougheed government originally created the Heritage Fund in 1976/77 to save a share of the province’s resource … Read more
Replacing oil and gas will be a ‘gargantuan’ task. By Resource Works More News and Views From Resource Works Here Climate campaigners steadily push for clean, renewable energy sources to replace hydrocarbons. However, international consultants Wood Mackenzie view this push as overly simplistic, arguing it does not consider the complexities of energy supply and the … Read more
Calgary, Alberta–(Newsfile Corp. – January 6, 2025) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) is providing financial and operating guidance for 2025. The Company expects to incur $328.0 million in capital expenditures during the year and is forecasting to generate $345.0 million in adjusted funds from operations in 2025. The following table outlines … Read more
Electoral recovery hinges on large group of undecided & NDP voters who “might” still support Liberals January 3, 2025 – Just days into the new year the future of the governing Liberal Party remains obscured as its most prominent figure, Prime Minister Justin Trudeau, continues to mull his next plans. This, after one of the most … Read more
Hydrogen sulfide (H2S) is a critical challenge for Canada’s energy industry, particularly in crude oil production. Managing H2S levels effectively is essential for maintaining safety, ensuring regulatory compliance, and protecting profitability. Without the right tools and processes, operators risk costly shutdowns, inefficient chemical use, and safety hazards that can disrupt operations. Key Challenges in H2S … Read more
By: Matthew Lau Federal tax policy was not kind to Canadians in 2024, and that shouldn’t be a surprise. It wasn’t kind to Canadians in 2023, 2022 or any year since 2016 when the Trudeau government established a new income tax bracket of 33 per cent, pushing the combined federal and provincial top tax rate over … Read more
The electric vehicle producer announced four waves of layoffs in 2024, with the last announced at the beginning of December Lion Electric Co. announced Friday it’s temporarily laying off around 150 workers in Canada and the U.S., in the context of its ongoing proceedings under the Companies’ Creditors Arrangement Act (CCAA). The Montreal-based maker of … Read more
Summary • Trudeau announces resignation, will stay on as Liberal leader and PM until a new leader is chosen • Trudeau to prorogue parliament until March 24 • Ruling Liberals trailing badly in polls, election is expected in the late spring (Reuters) – Canadian Prime Minister Justin Trudeau announces he intends to step down as … Read more
Poilievre says he would ramp up LNG, electricity for US needs Trump has complained about oil-fueled trade gap with Canada Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbor because … Read more
Move above 100-day moving average spurred algorithmic buying Dollar weakness, equity gain helping crude push higher Oil extended a rally that has brought it to the highest in more than two months as shrinking US crude stockpiles and a risk-on tone in broader markets overshadowed signs of a misfiring Chinese economy. West Texas Intermediate climbed for the … Read more
Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as … Read more
By: Cornelis “Kees” van Kooten According to a mandate from the British Columbia government, 90 per cent of new vehicle sales in the province must be electric by 2030 and 100 per cent must be electric by 2035. This is impractical. The provincial government stands to lose hundreds of millions in revenue. Not only is … Read more
By Canada Powered by Women As we move into 2025, Canada Powered by Women (CPW) is reflecting on the lessons and insights from a pivotal year in Canada’s energy landscape. In 2024, Canadians grappled with significant shifts in energy policy, rising costs, and the urgent need for sustainable solutions. We captured these developments through our Perspectives … Read more
The Biden administration released long-awaited final rules Friday for a tax credit that will send billions of dollars to producers of cleaner hydrogen.
The new rules drew cautious praise from environmental groups, who said they would likely reduce pl…
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, stayed at 589 in the week … Read more
(Reuters) – The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Thursday, as the new monthly trade cycle got underway: WCS for February delivery in Hardisty, Alberta, settled at $12.25 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.90 … Read more
(Reuters) – The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday: WCS for February delivery in Hardisty, Alberta, settled at $12.00 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.25 a barrel under the U.S. benchmark on Thursday. … Read more
Calgary, Alberta–(Newsfile Corp. – January 3, 2025) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) (“Saturn” or the “Company“), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, today announces that, effective January 1, 2025, the Company completed a vertical short-form amalgamation with … Read more
By Marianna Parraga Oil shipments to the U.S. rose 64%, to India up sixfold Crude oil production up 17% in first 11 months of last year HOUSTON, Jan 3 (Reuters) – Venezuela’s oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state … Read more
The Management and Board of Governors of the Calgary Petroleum Club invite you to take advantage of our Two-Month Guest Trial Membership. This opportunity enables prospective Members to experience the Club as a member and ‘test drive’ membership, without the upfront joining fee or monthly dues. Two-Month Guest Trial Membership FILLABLE APPLICATION FORM – CLICK … Read more
Calgary, Alberta–(Newsfile Corp. – January 3, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is pleased to announce that it has completed its previously announced offering (the “Offering“) of units (the “Units“) of Cardinal with a syndicate of underwriters (the “Underwriters“) led by CIBC Capital Markets and including ATB Securities Inc., RBC Capital Markets., … Read more
CALGARY — Pembina Pipeline Corp. says its subsidiary Pembina Gas Infrastructure Inc. (PGI) has completed its previously announced acquisition of a 50 per cent stake in Whitecap Resources Inc.’s Kaybob complex natural gas processing facility.
The $420 …
Bank says it remains committed to helping clients transition Goldman, Wells Fargo have also recently quit climate alliance Morgan Stanley terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions. Morgan Stanley is leaving the Net-Zero Banking … Read more
Holiday Special: We are offering a special deal for new subscribers for the holiday season. Get $100 off for your first annual term with code HOLA24 or $50 off your first quarter term with code HOLQ24. Now is a great time to subscribe as there are many bargains to invest in. To subscribe click on … Read more
Summary • Trump says UK making “a very big mistake” • Britain is increasing windfall tax on North Sea energy producers • Government aims to quadruple offshore wind by 2030 (Reuters) – U.S. President-elect Donald Trump called to “open up” the British North Sea and get rid of windmills in a post on his social … Read more
Summary • Chinese economic frailties heighten hopes of further stimulus • Federal Reserve interest rate policy also in focus • Colder weather in Europe, U.S. to boost oil demand (Reuters) – Oil prices fell slightly on Friday but remained poised for weekly gains after closing at their highest in more than two months in the … Read more
Record oil production, more Indigenous ownership and inching closer to LNG By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter It’s likely 2024 will go down in history as a turning point for Canadian energy, despite challenging headwinds from federal government policy. Here’s some of the good … Read more
By Julio Mejía and Elmira Aliakbari As a new year dawns and winter takes hold, it’s worth considering the cost of energy. After a meeting in Italy last spring, the G7 countries (including Canada) pledged to triple renewable energy sources (e.g. wind, solar) globally to ensure an “affordable” energy future. But while direct costs for wind and solar … Read more
By: Elmira Aliakbari and Julio Mejía In three weeks, the United States will have a new president. And despite Donald Trump’s pledge to “unleash” the American oil and gas sector by cutting red tape and accelerating permit approvals, the Trudeau government remains committed to constraining Canada’s oil and gas industry. The result? More investment to the … Read more
CALGARY, Alberta, Jan. 02, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions … Read more
U.S. energy firms this week added oil and gas rigs for a second week in a row, energy services firm Baker Hughes said on Tuesday. The oil and gas rig count, an early indicator of future output, rose by one to 546 in the week to December 30, its highest since December 12. Baker Hughes … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce the closing of Pembina Gas Infrastructure Inc.’s (“PGI”) acquisition of a 50 percent working interest in Whitecap Resources Inc.’s (“Whitecap”) 15-07 Kaybob Complex (the “Kaybob Complex”), effective December 31, 2024. As part of the transaction, Whitecap has entered into a long-term … Read more
CALGARY, AB, Jan. 2, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that the partial working interest disposition of its 15-07 Kaybob Complex for $420 million to Pembina Gas Infrastructure (“PGI”) closed on December 31, 2024. Proceeds have been used to reduce net debt to below $1 billion1, resulting … Read more
Summary • Weaker than expected Chinese data raises hopes of further stimulus • Volumes remain thin on first trading day of the year • Investors await US manufacturing data and oil inventories (Reuters) – Oil prices rose on Thursday as investors returned for the first trading day of the new year with an optimistic eye … Read more
Canada’s energy industry operates in one of the most demanding environments globally, with stringent safety regulations and complex processes. Whether in oil sands, natural gas, or petrochemical facilities, maintaining safety while optimizing efficiency is critical. METTLER TOLEDO’s advanced measurement technologies are helping the industry achieve these goals, addressing risks such as gas explosions, chemical hazards, … Read more
Artificial intelligence (AI) seems to be permeating everything we do, from the innocuous to the incomprehensibly complex. It’s hard to find an industry that hasn’t identified, and started implementing, ways to supercharge operations and strategy using AI. In the energy industry, AI is beginning to revolutionize software, hardware, and system integration encompassing downstream, midstream, upstream oil and gas among … Read more
Tom Mulcair Contributor Originally Published by CTV News Here A lot has been written and said about Chrystia Freeland’s resignation the week before Christmas. Her bombshell letter to Prime Minister Justin Trudeau will be part of Canadian political lore for years to come. I don’t think it was a revelation to Freeland or anyone else … Read more
In 2024, the EU shifted towards a cautious, fossil fuel-inclusive energy strategy amid rising costs and public unrest. By Resource Works More News and Views From Resource Works Here In 2024, the European Union’s shift back towards fossil fuels began to solidify in earnest. Over the past few years, Giorgia Meloni has become the Prime … Read more
Summary • War ends Russia’s dominance of gas supply to Europe • Norway, US, Qatar replace Russian gas • Loss of Russian gas undermined EU’s competitiveness • Slovakia, Austria have alternative supplies • Heating, hot water cut off in breakaway Moldovan region (Reuters) – Russian gas exports via Soviet-era pipelines running through Ukraine came to … Read more
Delays to US projects, sanctions against Russia curbed supply Exports set to rise in 2025 on new exports from the US, Canada Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise … Read more
by Maureen McCall It’s generally accepted that the launch of Artificial Intelligence (AI) occurred at Dartmouth College in a 1956 AI workshop that brought together leading thinkers in computer science, and information theory to map out future paths for investigation. Workshop participants John McCarthy, Marvin Minsky, Nathaniel Rochester and Claude E. Shannon coined the term … Read more
Nuclear energy powered Ontario’s massive growth that helped make it Canada’s economic heartland, and it can do the same for BC. By Resource Works More News and Views From Resource Works Here Projecting and meeting energy demand is tricky. Today, the calculation requires meeting GHG emission reduction targets while driving a prosperous economy. Such an … Read more
WASHINGTON — A new year will bring Donald Trump back to the White House and start a fresh wave of anxiety as America’s closest neighbours prepare for the Republican’s disruptive agenda and looming threats of massive tariffs.
It’s long been tradition …
Authors: Shaun Gilday, CPEA, PMP & Kristina Schafer Data centers have become the backbone of modern infrastructure, supporting everything from cloud storage to global communications. However, their reliance on energy-intensive systems, particularly diesel generators and cooling mechanisms, presents unique environmental challenges. Alongside high electricity demands, data centers also require vast amounts of water for cooling, … Read more
by Deidra Garyk It feels like we are in the beginning of a cultural, social, and political disruption. The fear of saying the wrong thing and being cancelled is subsiding, resulting in robust debate about important topics. Public pushback against climate alarmism and energy misinformation is getting louder as more and more people join in … Read more
REGISTER NOW AGENDA COMING SOON 2025 NCC Clean Energy Summit Progressive First Nation Chiefs from across Canada will gather in February with CEOs from Canada’s Natural Resource Industry to exchange ideas and initiatives to improve their relationships, support major project developments, and to work towards bringing Canada’s Indigenous community into prosperity through heightened levels of … Read more
First will come a promised court challenge by Alberta. By Resource Works More News and Views From Resource Works Here The federal government has clarified its clean-energy goal for a net-zero power grid. Its final Clean Electricity Regulations target a net-zero grid across the country by 2050. But didn’t Ottawa previously, in August 2023, set a goal … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada