Summary • Brent, WTI head for first monthly drop in three months • Iraq to announce resumption of oil exports from Kurdistan region HOUSTON, Feb 28 (Reuters) – Oil prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since May 2022, 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, rose by one … Read more
(Reuters) – U.S. crude oil production rose to a record 13.491 million barrels per day in December, up from 13.314 million bpd in November and the prior all-time high of 13.436 million in October, the U.S. Energy Information Administration said in its Petroleum Supply Monthly report on Friday. Product supplied of crude oil and petroleum, … Read more
Summary Share price underperformed peers Revenues from renewables sector complicated by costs and technical problems Elliott Management stake increased the pressure for strategy change Renewable energy set to grow faster than fossil fuels (Reuters) – BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago … Read more
Summary • Brent, WTI head for first monthly drop in three months • Iraq to announce resumption of oil exports from Kurdistan region PDVSA, Chevron may strike agreement to export Venezuelan oil – sources • OPEC+ debating whether to increase supply in April – sources Feb 28 (Reuters) – Oil prices are down over 1% … 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 39 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
British Columbia’s energy minister says the province will soon require Canadian-made products to fulfil renewable fuel standards for gasoline and diesel.
Adrian Dix says B.C.’s requirement of five-per-cent renewable fuel content for gasoline must be m…
(Reuters) – OPEC+ is debating whether to raise oil output in April as planned or freeze it as its members struggle to read the global supply picture because of fresh U.S. sanctions on Venezuela, Iran and Russia, eight OPEC+ sources said. OPEC+ usually confirms its supply policy one month in advance to have time to … Read more
Meg Energy Corp. says it earned $106 million in its fourth quarter, up from $103 million a year earlier.
The Calgary-based company says revenues totalled $1.15 billion, down from $1.44 billion during the same quarter last year.
Diluted earnings per …
Alberta is ideal for data centres as its deregulated electricity market allows power generators to supply companies directly Original: financialpost.com/technology/tech-news/capital-power-plant-data-centre Electricity producer Capital Power Corp. says its recently retooled Genesee Generating Station positions the company well to seize data centre opportunities in Alberta. The power plant southwest of Edmonton now runs entirely on natural gas … Read more
Alberta’s finances, tied for generations to the steep peaks and sharp valleys of oil and gas prices, are once again plunging deep into deficit, with no immediate relief in sight.
Finance Minister Nate Horner introduced a budget Thursday that projects …
By: Kenneth P. Green Hydraulic Fracturing: Opportunities for Atlantic Canada Atlantic Canada has significant reserves of unconventional natural gas which could be developed via the technology of hydraulic fracturing. A 2017 report by the Canadian Energy Research Institute estimates that onshore, primarily shale gas potential in-place at the Horton Bluff in Nova Scotia ranges from … Read more
CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Prospera Energy remains committed to providing stakeholders with transparent, timely, and data-driven updates on operational performance and field developments. This monthly report delivers key insights into the company’s production trends, optimization initiatives, and strategic advancements. All production … Read more
CALGARY, AB, Feb. 27, 2025 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) reported its fourth quarter and full-year 2024 operational and financial results.1 “This was a significant year in the history of our company. MEG achieved several key milestones in 2024, including our fourth straight year of record production, hitting our net debt target and … Read more
CALGARY, Alberta, Feb. 27, 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
CALGARY, AB, Feb. 27, 2025 /CNW/ – Kineticor Asset Management LP (“Kineticor”) is pleased to announce that Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) (NYSE: PBA) has entered into agreements for a 50 percent interest in the Greenlight Electricity Centre Limited Partnership (“Greenlight LP” or “Greenlight”), a special-purpose limited partnership with Kineticor Holdings LP #3, a portfolio company of OPTrust. … Read more
Big income tax cut $5.2 billion deficit EDMONTON, AB: The Canadian Taxpayers Federation is applauding the Alberta government for giving Albertans a huge income tax cut in Budget 2025, but is strongly warning against its dive into debt by running a deficit. “Premier Danielle Smith keeping her promise to cut Alberta’s income tax is great news, … Read more
CALGARY AB, Feb. 27, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) is pleased to announce the closing of its previously announced bought deal offering (the “Offering“) of subscription receipts (“Subscription Receipts”) that was led by ATB Securities Inc., National Bank Financial Inc. and RBC Capital Markets (collectively, the “Lead Underwriters“) on behalf … Read more
(Reuters) – Asia’s crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent’s top supplier Russia. Asia’s imports for the first two months of the year are on track to be 26.17 million barrels per … Read more
CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company’s third … Read more
CALGARY, AB, Feb. 27, 2025 /CNW/ – Veren Inc. (“Veren” or the “Company”) (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the fourth quarter and full year ended December 31, 2024. KEY HIGHLIGHTS Generated significant excess cash flow of $642 million in 2024, through focused development of a high-quality asset base. Returned $386 million, or 60 percent … Read more
CALGARY, Feb 26 (Reuters) – The Canadian energy sector has proposed several major oil pipeline projects in the last decade, but only the Trans Mountain expansion project was completed. Here, a look at three other pipelines that never came to be: Energy East – A proposed C$15.7-billion project (US$11.0 billion), Energy East would have carried … Read more
By: Bjørn Lomborg Canada’s chattering classes claim that climate change is one of the country’s pre-eminent threats. This is extraordinary. Canada is experiencing a productivity slowdown, the worst decline in living standards in 40 years, and growth rates that lag most developed economies. Geopolitical threats loom, the healthcare system is under stress and education is … Read more
by Connor O’Shea I still remember standing in that small Ghanaian kitchen in late 2016, on a trip to Africa for my MBA capstone project, my eyes watering from the smoky haze drifting up from a wood-fueled cookstove. The woman preparing the meal paused to wipe her face, while a child coughed nearby, already used … Read more
Veren Inc. reported a fourth-quarter profit of $146.8 million, down from $951.2 million in the same quarter last year.
The oil and gas producer, which changed its name from Crescent Point Energy last year, says its net income amounted to 24 cents per …
Summary • Brent and WTI gain about 1% • Both benchmarks hit two-month lows in previous session Reuters) – Oil prices rebounded on Thursday as supply concerns resurfaced after U.S. President Donald Trump’s revoked a licence granted to U.S. oil major Chevron to operate in Venezuela. Gains were capped, however, by signs of a potential … Read more
According to a new Statistics Canada report, government regulation has grown over the years and it’s hurting Canada’s economy. The report, which uses a regulatory burden measure devised by KPMG and Transport Canada, shows government regulatory requirements increased 2.1 per cent annually from 2006 to 2021, with the effect of reducing the business sector’s GDP, employment, … Read more
Calgary, Alberta–(Newsfile Corp. – February 27, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to provide an operational update on its current field operations. Tuktu commenced drilling operations and spud its first horizontal well on February 2, 2025. Drilling was completed, and the rig was demobilized on February 21, 2025. This … Read more
Premier Scott Moe says Saskatchewan wants pipelines built and is encouraging other provinces and the federal government to get behind the cause.
Moe says on social media that all pipeline projects that cross his province would be considered “pre-appr…
The anti-oil and gas policies of the Liberal-NDP government have driven investment away from Canada Summary • Canada sends 90% of oil exports to US refiners • Two east-west pipeline projects canceled in last decade • Overruns pushed Trans-Mountain expansion costs to C$34 bln (Reuters) – The Canadian government would have to play a significant … Read more
CALGARY, AB, Feb. 26, 2025 /CNW/ – Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Westbrick Energy Ltd. (“Westbrick”) pursuant to the terms of the previously announced arrangement agreement (the “Arrangement Agreement” or the “Acquisition”) dated December 22, 2024. The Acquisition adds stable annual production of 50,000 boe/d(1) (75% gas … Read more
U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns. In a post on Truth Social, Trump said he was “reversing the … Read more
MANDAN, N.D. (AP) — An attorney for a Texas pipeline company said Wednesday that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to it…
BP cuts renewable investment and boosts oil and gas in strategy shift Summary • BP boosts oil and gas investment to $10 bln annually • Cuts transition spending by over $5 billion yearly • Reviewing Castrol, targets $20 billion in divestment (Reuters) – BP (BP.L), opens new tab slashed planned investment in renewable energy and … Read more
Summary • Potential peace deal between Russia and Ukraine weighs on prices • Oil sanctions in focus after talks between U.S. and Russia • Investors await US oil inventory data from EIA (Reuters) – Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on … Read more
The countdown continues on Donald Trump’s plans for his major trading partners Chris Varcoe • Calgary Herald See Other Articles From Chris Varcoe Here In a business world that strives for the win-win, U.S. President Donald Trump may achieve the rare lose-lose for consumers and producers with proposed tariffs on Canadian energy — but a … Read more
By: Julio Mejía and Elmira Aliakbari During last night’s Liberal leadership debate, there was a lot of talk about Donald Trump. But whatever your views on President Trump, one thing is certain—he’s revitalized his country’s energy sector. Through a set of executive orders, Trump instructed agency heads to identify “actions that impose an undue burden on the identification, … Read more
By Jim Warren Greenpeace and the UK environmental group Uplift won a court case in Scotland last month after claiming two new offshore oil projects were unlawfully approved. The ruling blocks Equinor and Shell, from developing the Rosebank field 80 miles west of the Shetland Islands in the Atlantic and the Jackdaw field in the … Read more
Keystone XL redux? Trump says he wants defunct oil pipeline back from the dead CALGARY – U.S. President Donald Trump says he’d like to see the Keystone XL pipeline brought back from the dead, garnering an enthusiastic reception from Alberta’s premier but a tepid one from the company spun off from its erstwhile proponent. Trump … Read more
By Deidra Garyk TDS (aka. Trump Derangement Syndrome) has Canadians – politicians, media, academia, and keyboard warriors – supporting the “New Current Thing.” That being an odd, insincere surge of Canadian pride and interest in energy development, particularly oil and gas. Natural Resources Minister Jonathan Wilkinson, without a hint of irony, said Canada should build … Read more
Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration.The pipeline was first proposed in 2008 to bring oil from Canada’s Western tar sands to U.S. … Read more
CALGARY, AB, Feb. 25, 2025 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce its financial and operating results for the three months and year ended December 31, 2024. Selected financial and operating information should be read with Tamarack’s audited annual consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the … Read more
February 25, 2025 7:01 AM EST | Source: Obsidian Energy Ltd. Capital plan of 38 net operated wells weighted towards Peace River asset, following up on our 2024 development program Initiation of Clearwater waterflood program to support future Peace River growth Calgary, Alberta–(Newsfile Corp. – February 25, 2025) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: … Read more
February 25, 2025 7:00 AM EST | Source: Obsidian Energy Ltd. Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 (22 percent on a per share basis) representing a 14 percent increase over 2023 (22 percent on a per share basis) Average 2024 production increased 16 percent to 37,474 boe/d … Read more
Summary Asia’s economic growth to drive LNG demand increase China and India expand LNG infrastructure amid rising demand US and Qatar to dominate LNG supply by 2035 (Reuters) – Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts … Read more
Summary • Supply concerns emerge from fresh US sanctions on Iran • Strong global refining margins proving supportive, analysts say • Uncertain demand outlooks cap gains (Reuters) – Oil prices were steady on Tuesday, after a bump the previous day when fresh U.S. sanctions imposed on Iran increased concerns that supply might tighten, as global … Read more
There is no better time for the Atlantic to follow the Pacific as the next stage of Canadian energy development By Resource Works More News and Views From Resource Works Here In late January, Nova Scotia Premier Tim Houston announced that natural resources would become a major focus of his government, stating that it was time to, … Read more
As companies report their earnings for the latest quarter, they’ve fielded question after question from analysts about how they’re preparing for potential tariffs from the U.S.
President Donald Trump has threatened sweeping tariffs on imports coming f…
The Canadian Press The proposed lawsuit claims Lion Electric hid facts and details about its order book and production capacities from investors.Shareholders say the company’s alleged actions led to huge financial losses for them, claiming that when Lion Electric’s struggles became public the stock lost 96 per cent of its value on the Toronto and … Read more
Cutting 140 jobs effective immediately The Canadian Press SAINT JOHN, N.B. — Irving Paper Ltd. says it will permanently close half of its operations because New Brunswick’s industrial electricity rates are “uncompetitive.” West-East pipeline is key to securing Canada’s energy future The Saint John manufacturer of paper used for magazines, catalogues and newsprint says it is cutting … Read more
By Yogi Schulz Generative artificial intelligence (AI) is sweeping through the oil and natural gas industry. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to … Read more
Canada’s failure to push more strongly for LNG has put Canada in a weak position Earlier this month, President Donald Trump and Japanese Prime Minister Shigeru Ishiba announced a joint American-Japanese venture for the Alaska LNG Project. Once built, the $44 billion project will ship gas from northern Alaska through an 800-mile pipeline to a liquefaction facility … Read more
Canada and Mexico are expected to intensify efforts this week to avoid punishing 25% tariffs on their exports to the U.S. in talks to persuade President Donald Trump’s administration that their steps to increase border security and curb fentanyl trafficking are working ahead of a March 4 deadline. Canada and Mexico have both taken steps … Read more
(Reuters) – Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known … Read more
Announces deal to buy National Grid’s U.S. onshore renewables business including solar parks and onshore wind farms By Rachel Morison and William Mathis Brookfield Asset Management Ltd. agreed to spend US$1.7 billion in a deal to expand its U.S. onshore renewables business as the company bets there will be increasing demand for electricity from data … Read more
(Reuters) – Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations. The company has said it would lay off up to 20% of its global workforce by the end of 2026, as it navigates cost … Read more
The question of how the U.S. levy and counter-tariffs could ripple through the sector is crucial, as trade disruptions could freeze investment and increase costs Chris Varcoe • Calgary Herald Read All the Recent Articles from Chris Varcoe Here As one of the country’s largest integrated producers with upstream operations and downstream refineries, Cenovus announced … Read more
Saskatchewan Premier Scott Moe is travelling to Washington, D.C., again to push against proposed tariffs from the United States on Canadian goods.
Moe was scheduled to leave Monday with a delegation of Saskatchewan business leaders in the steel and e…
Calgary, Alberta–(Newsfile Corp. – February 24, 2025) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to report its year-end 2024 oil and gas reserves evaluation. 2024 Reserve Report Highlights: Proved developed producing reserves decreased 4% to 35.5 MMboe, with a corresponding decrease of 3% in NPV@10% to $350.3 million. The PDP … Read more
CALGARY, AB, Feb. 24, 2025 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to provide fourth quarter and annual 2024 financial results and announce the Company’s 2025 guidance estimates. Select financial information is outlined below and should be read in conjunction with Topaz’s consolidated financial statements and related management’s discussion and analysis (“MD&A”) as … Read more
Record Fourth Quarter Production of 41,009 BOEPD Realized 2024 Net Income of $3 Million ($0.10 per Share, Basic) and 2024 Adjusted EBITDA1 of $367 Million Delivered Net Cash Provided by Operating Activities of $239.3 million, up 5% from 2023 Generated 2024 Funds Flow from Operations1 of $225 Million and Achieved 2024 Average Working Interest Production of 34,710 BOEPD, up 6% from 2023 Sixth Consecutive Year of 1P Total Company Reserves Growth Highest Year-End Total Company Reserves in Company History – 167 MMBOE 1P, 293 MMBOE 2P … Read more
‘We have been kicked around for the last 10 years and it’s not going to happen anymore,’ says Alberta Premier Danielle Smith By Rick Bell See the Latest Stories From Rick Bell Here People I run into here in Alberta are thinking about it and talking about it. Some in quiet voices, others more openly. … Read more
Summary • BP under pressure to boost returns from Elliott Investment Management • Changes to be announced on capital markets day investor update • BP’s shares have underperformed rivals Feb 24 (Reuters) – BP’s chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part … Read more
(Reuters) – OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near future? They may well opt to again delay the crucial moment to keep prices steady, but they increasingly risk losing control of the … Read more
Summary • Japan, other Asian buyers look to step up US LNG purchases • Alaska project featured prominently in Trump talks with Japan PM Ishiba, officials say • US stressed Japan’s trade imbalance, maritime security in Ishiba meeting, officials say • Alaska LNG developers seeking investment from firms such as Japan’s Inpex, sources say (Reuters) … Read more
By: Kenneth P. Green Mark Carney, who wants to be your next prime minister, recently released his plan for Canada’s climate policies through 2035. It’s a sprawling plan (climate plans always are), encompassing industrial and manufacturing emissions, vehicle emissions, building emissions, appliance emissions, cross-border emissions, more “green” energy, more “heat pumps” replacing HVAC, more electric vehicle (EV) … Read more
• Iraq-Turkey pipeline expected to resume exports soon • War in Ukraine remains in focus • Russian oil supply will remain curbed by OPEC+ policy (Reuters) – Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports … Read more
Calgary, Alberta–(Newsfile Corp. – February 24, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is pleased to present the results of its independent reserve report effective December 31, 2024. Consistent with prior years, Cardinal’s year-end 2024 non-thermal reserves were evaluated by GLJ Ltd. (“GLJ”). The thermal reserves were independently evaluated by McDaniel … Read more
Managing compliance with Alberta’s D-013 Inactive Well Inspection regulation can be a complex and time-consuming process. At Muddy Boots, we understand the challenges oil and gas companies face and have developed innovative software enhancements to make compliance simpler, more intuitive, and more efficient. Here’s how we’ve made managing D-013 inspections easier: Streamlined Data Import and … Read more
Addressing Key Challenges in Vapour Pressure Measurement In the energy industry, accurate vapour pressure measurement is essential for maintaining product quality, ensuring safety compliance, and optimizing process efficiency. Vapor pressure plays a critical role in the characterization of petroleum products, affecting everything from refining operations to transportation and storage. Without precise measurement, facilities risk lower … Read more
Beyond any necessary retaliatory tariffs, Canada must resist its own version of Trumpian protectionism By Stephen J. Harper, Special to National Post Original: https://nationalpost.com/opinion/stephen-harper-the-preservation-of-canadas-existence-must-be-our-highest-objective I am frequently asked what to make of President Trump’s intentions towards Canada and what we are to do about them. On the former, I do not know, and I suspect … Read more
Since January 6, 2025, when Prime Minister Trudeau announced that he was stepping down as Prime Minister of Canada and announced that the Governor General had granted his request to prorogue Parliament, Canadians have been contemplating the fallout. Terry Winnitoy, co-founder of EnergyNow.ca in Canada and EnergyNow.com in the US, wisely chose to bring together … Read more
Hazloc Heaters™, a leading manufacturer of industrial unit heaters for hazardous and severe duty locations is pleased to announce the introduction of the XEF1 ExhaurioTM Series of explosion-proof exhaust fans for hazardous locations. The XEF1 ExhaurioTM series of heavy duty industrial-grade explosion-proof wall mount exhaust fans are engineered to meet the most demanding requirements … Read more
Summary • Brent and WTI post weekly decline • Analysts point to media reports on new coronavirus discovery • Analysts view fading risk premium as Gaza ceasefire holds • US crude stocks rose, gasoline and distillates decline, EIA • U.S. energy firms add oil and natural gas rigs, Baker Hughes Kazakh oil output at record … Read more
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, 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, rose by four to 592 in … Read more
NORTH VANCOUVER, BC, Feb. 21, 2025 /CNW/ – Indigenous Peoples, communities and businesses are building a more sustainable and resilient natural resource sector in Canada. The Government of Canada is supporting Indigenous participation in the natural resource economy, helping to eliminate historic barriers and open doors for Indigenous groups to share in the economic benefits of resource and energy development. … Read more
Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they await clarity around U.S. President Donald Trump’s threatened tariffs on imports from the nation’s top crude suppliers Canada and Mexico, executives said. Running more domestic crude, which is predominantly light, sweet shale oil, through U.S. … Read more
Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities.President Donald Trump plans to impose a 25% tariff on Mexican crude and a 10% levy on … Read more
HOUSTON, Feb. 21, 2025 /CNW/ — Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell’s working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, … Read more
The Alberta Energy Regulator (AER) received a report of a seismic event from R360 Environmental Solutions on February 20 at 8:41 a.m. MT. This event occurred approximately 100 kilometres south of Grande Prairie, Alberta and is currently estimated to be ML= 5.08 in magnitude. The Alberta Geological Survey (AGS), a branch of the AER, is … Read more
Achieved Adjusted EBITDA1 of $117 million ($0.50/basic share1) in the fourth quarter and $490 million Adjusted EBITDA in 2024 ($1.92/basic share), the top end of the guidance provided Repurchased $657 million common shares at an average price of $11.47 in 2024, reducing shares outstanding by 19% Reiterating 2025 Adjusted EBITDA guidance of $510 – $540 million, with the mid-point reflecting a 10% increase over 2024 pro forma … Read more
Summary • Brent and WTI up 1.5% over the week • US crude stocks rose, gasoline and distillates decline -EIA • Kazakhstan pumped record high oil volumes -industry sources Feb 21 (Reuters) – Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over … Read more
CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto” or the “Company”) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2024. The evaluation encompassed 100% of Peyto’s reserves and was conducted by GLJ Ltd. (“GLJ”). The year 2024 marks the … Read more
By Valerie Volcovici WASHINGTON, Feb 20 (Reuters) – The U.S. Army Corps of Engineers on Thursday said it is revising a list of more than 600 energy and other infrastructure projects it had earmarked to be fast-tracked under President Donald Trump’s declaration of a national energy emergency. The Army Corps, a federal engineering service with … Read more
Expansion work underway takes on greater importance amid trade dispute By Grady Semmens Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of the Coastal GasLink pipeline in 2023. Photo courtesy Coastal GasLink Last April, as the frozen landscape began its spring thaw, a 23-kilometre stretch of newly … Read more
Government in Full Reverse Canada-U.S. Trade Relations is obviously the most pressing issue facing Canadians today. It’s important to remember how we arrived at this point, but also to question the sincerity of the Liberal Ministers and leadership contenders who are now posing solutions, such as: We need to diversify our resource trade We need … Read more
Major speech unveiled plan to respond to tariffs, grow economy Canadian Conservative Leader Pierre Poilievre pledged to build an “east-west economy” with oil and gas pipelines stretching from Alberta to the Maritime provinces as part of a sweeping plan to respond to US tariff threats. In a major speech Saturday, the opposition leader aimed to persuade … Read more
By: Tegan Hill, Jake Fuss and Spencer Gudewill As governments across Canada unveil their 2025 budgets, outlining their tax and spending plans for the upcoming fiscal year, they have an opportunity to reverse the trend of deficits and increasing debt that has reigned in recent years. Indeed, budget deficits, which fuel debt accumulation, have become … Read more
Russia and the United States have had their first meeting since the start of the Ukraine war, aimed at restoring relations and preparing the ground for ending the conflict. What is known so far about what was discussed? UKRAINE WAR U.S. President Donald Trump says he wants to quickly end the war. President Vladimir Putin … Read more
CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the first tranche of its recently announced equity financing, for $4,800,000 in gross proceeds from its principal and largest shareholder, PCEP Canadian Holdco, LLC (“PCEP”) upon the issue of 112,941,176 common shares … Read more
(Reuters) – Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles pressured the market. Brent futures were up 34 cents, or 0.5%, at $76.38 a barrel by 1407 GMT. U.S. West Texas Intermediate crude rose … Read more
Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstances Transaction results in significantly reduced debt and enhanced liquidity Positions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality … Read more
CALGARY, AB, Feb. 19, 2025 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2024, as well as highlights of the Company’s year-end reserves evaluation. Selected financial and operational information is set out below and should be read in conjunction … Read more
CALGARY, AB, Feb. 19, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and audited financial results for the three months and year ended December 31, 2024. Selected financial and operating information is outlined below and should be read with Whitecap’s audited annual consolidated financial statements and related … Read more
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the financing will be accessible through SEDAR+ within two business days /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY AB, Feb. 19, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) is pleased to … Read more
Calgary, Alberta–(Newsfile Corp. – February 19, 2025) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its annual results for 2024. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the consolidated financial statements and related notes for the year ended December 31, … Read more
Japan Petroleum Exploration (Japex) is prioritising investment in oil and gas exploration and production (E&P) through 2030 – revising an earlier plan to aggressively expand its renewables businesses, its president said. “For now, the investment focus will remain on oil and gas exploration and production… as securing a fair return from renewable energy sources such … Read more
CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its fourth-quarter and full-year 2024 financial and operating results. In the quarter, the company generated over $2.0 billion in cash from operating activities, $1.6 billion of adjusted funds flow and $123 million of free funds flow. The Upstream business continued … Read more
Calgary, Alberta–(Newsfile Corp. – February 20, 2025) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or “the Company”) is pleased to report on its 2024 production volumes and exit rates, together with a change of its qualified reserves evaluator. Kelt’s average production for 2024 was 33,115 BOE per day (37% liquids and 63% gas), in line with previous … Read more
Cenovus Energy Inc. reported its fourth-quarter profit and revenue fell compared with a year ago as it saw lower oil and natural gas prices.
The company says it earned $146 million or seven cents per diluted share for the quarter ended Dec. 31, down f…
NDP Leader Jagmeet Singh says he sees an east-west clean electricity corridor as his first priority for expanding the Canadian energy market — not new pipelines.
While Singh isn’t shutting the door entirely to pipelines, he says pipeline projects must…
Resource Works CEO and founder Stewart Muir has laid out the conditions for Canada to realize its potential. By Resource Works More News and Views From Resource Works Here How can Canada fully realize its energy potential? Stewart Muir – CEO of Resource Works – often speaks about this question. According to Muir, Canada’s abundant … Read more
ANKARA, Feb 19 (Reuters) – Turkey has yet to receive confirmation from Iraq on the resumption of oil flows through the Iraq-Turkey pipeline, Turkish Energy Minister Alparslan Bayraktar told Reuters on Wednesday. Iraq’s oil minister said on Monday that oil exports from the semi-autonomous Kurdistan region will resume next week, resolving a near two-year dispute … Read more
BEIJING, Feb 19 (Reuters) – China invested 6.8 trillion yuan ($940 billion) in clean energy in 2024, approaching the $1.12 trillion in global investment in fossil fuels, according to a new analysis for U.K.-based research organisation Carbon Brief. That was despite growth in China’s clean energy investments slowing to 7% from 40% in 2023 amid … Read more
Estimated Q4/24 volumes above 41,000 boe/d(1) represents a new corporate record for Saturn Efficient capital program, continued type curve outperformance and production optimization drove volumes Robust hedges on oil prices, differentials and foreign exchange rates help mitigate current market volatility Calgary, Alberta–(Newsfile Corp. – February 19, 2025) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: … Read more
(Reuters) – During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant’s success in Colorado as the largest oil and gas producer in the state. Less than 30 minutes later, executives announced plans to cut up to 20% of the global workforce. Despite progress in … Read more
Climate advocacy groups are calling on officials to crack down on the fossil fuel industry’s role in K-12 education, suggesting its alleged influence has gone largely unchecked in the absence of robust climate change education.
A report released Tues…
(Reuters) – Oil prices edged up on Wednesday, buoyed by concern over oil supply disruptions in Russia and the U.S. while the market awaits clarity on sanctions as the U.S. attempts to broker a deal to end the war in Ukraine. Brent crude futures were up 61 cents, or 0.8%, at $76.45 a barrel by … Read more
SURFACE PIPE INSULATION Problem Clients are facing severe corrosion under insulation (CUI) on above ground pipelines due to constant moisture exposure because of improperly sealed thermal insulation such as mineral wool or foam glass trapping in moisture on the pipeline surface. Expensive onsite installation with traditional mineral wool and metal cladding types of insulation. LEARN … Read more
By: Philip Cross The Bank of Canada recently cut interest rates again, with further cuts likely in response to Donald Trump’s threat to impose tariffs on Canadian exports. This continues the Bank’s reflexive turn to lower interest rates to goose growth every time the economy slows that began during the 2008 global financial crisis and … Read more
The next Ontario government should take the lead in encouraging urgent expansion of interprovincial electricity transmission while ensuring it advances a transition to a clean economy, a new report by the Pembina Institute said Wednesday.
Reducing int…
A new government bill put forward Tuesday would lift blanket bans on uranium exploration and hydraulic fracking of fossil fuels in Nova Scotia.
The province says the omnibus bill would repeal the existing Uranium Exploration and Mining Prohibition Act…
Canada would have to designate major pipeline projects as legally required before companies will consider investing again, says Greg Ebel Meghan Potkins Originally Published in the Financial Post Canada would have to designate major pipeline projects such as Northern Gateway as being “in the national interest” and therefore legally required before companies will consider investing … Read more
CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSXV: PEI, OTC: GXRFF) (“Prospera,” “PEI,” or the “Corporation”) announces that the company’s Chief Executive Officer, Samuel David, is no longer employed with the company, effective immediately. Mr. David resigned from the Board of Directors, effective November 18, 2024. The Board, consisting of Brian McConnell, Mark Lacey, … Read more
CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three and twelve months ended December 31, 2024. “We are pleased to announce record Infrastructure results for 2024, driven by a full year of contribution from Gateway,” said Curtis Philippon, President & … Read more
By Ernest Scheyder and Sheila Dang Chevron plans to cut up to 20% of global workforce Executives say business has become overcomplicated, costs rising Some employees say layoffs were expected HOUSTON, Feb 18 (Reuters) – During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant’s … Read more
An Alberta oil and gas company has been fined $15,000 for failing to report a potentially lethal amount of hydrogen sulphide, or sour gas, had been released into the atmosphere.
In its decision, the Alberta Energy Regulator says a tank at a Mcland Res…
BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit…
Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Donald Trump to lower prices, Bloomberg News reported on Monday citing delegates.Global oil markets remain too fragile to revive production now, the report cited one delegate as saying, adding that another … Read more
U.S. Energy Secretary Chris Wright said on Monday his top priority was for the government to “get out of the way” of the production of oil, gas and coal, adding that a number of approvals for gas projects were in the queue. “Number one (focus) is get out of the way of the production, export … Read more
U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to hit clean energy targets.Former President Joe Biden set a target in 2021 for the United States to achieve net-zero emissions by 2050 to help fight climate change, … Read more
Tuesday, Feb. 18, 2025 Poll shows Canadians believe industrial carbon tax makes life more expensive OTTAWA, ON: The Canadian Taxpayers Federation released Leger polling showing just 12 per cent of Canadians believe businesses pay most of the cost of the industrial carbon tax. Meanwhile, 70 per cent said businesses would pass on some or most carbon tax … Read more
(Reuters) – Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of EnCap-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion. The deal would give Diamondback access to about 40,000 net acres in the core of Midland Basin, one of the last large assets in the Permian … Read more
Summary Kazakhstan transit volumes could drop by 30%, says Transneft Investors watch for progress in Ukraine-Russia peace talks OPEC+ output plans also in focus (Reuters) – Oil extended gains on Tuesday after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, though prices were kept in check by the prospect of … Read more
Politicians from Quebec at all levels, as well as the public, appear more open than ever to the possibility of LNG and other energy projects By Resource Works More News and Views From Resource Works Here For years, Quebec has opposed plans for a Canada-wide energy strategy. The province has consistently said no to oil … Read more
Q&A with Gabriel Giguère, senior policy analyst with the Montreal Economic Institute By CEC Staff A new poll from Angus Reid shows significant support from people in Quebec for Canada to build sea-to-sea oil and gas pipelines. Gabriel Giguère, a senior policy analyst with the Montreal Economic Institute, says it’s support like he has never seen before. Here’s … Read more
Liberal leadership hopeful Mark Carney confirmed Sunday that a federal government led by him would run a deficit “to invest and grow” Canada’s economy, but it would also balance its operational spending over the next three years. Carney, a former governor of the Bank of Canada, invoked U.S. President Donald Trump’s ongoing threat of sweeping … Read more
TC Energy Corp. says it plans to keep its discretionary spending focused on the U.S. as it downplayed the chances of reviving an eastern energy export route from Canada.
“Right now we see the highest risk-adjusted returns being in the United States,”…
By Timothy Gardner and Valerie Volcovici Layoffs hit nuclear offices in security and Cold War cleanup Some NNSA firings were rescinded, essentials can stay -source Loan Programs Office loses 45 workers, grid office 18 DOE has about 14,000 employees, 95,000 contractors WASHINGTON, Feb 14 (Reuters) – The administration of U.S. President Donald Trump has laid … Read more
Summary • Benchmarks Brent, WTI flat • CPC oil flows reduced due to drone attack • Peace talks with Russia could impact oil supply • Dollar near two-month low after weak U.S. retail data (Reuters) – Oil prices were little changed Monday, as investors eyed developments on a potential Russia-Ukraine peace deal that could ease … Read more
Industry: Natural Gas Pipeline Distribution Product: ONE SERIES FIELD SAFETY SYSTEM for Remote Heater Control The Challenge: Preventing Freezing in High-Pressure Natural Gas Pipelines Natural gas pipelines play a critical role in delivering energy to homes, businesses, and industries. However, maintaining safe and efficient operations requires overcoming environmental challenges like freezing temperatures. National Grid, a … Read more
Tarco Consulting Inc. and MDS Aero Support Corporation have combined their strengths to deliver life-extending turnkey solutions for industrial gas turbine operators. This collaboration addresses key concerns such as age-related degradation, obsolescence, and the growing need for modernization, all while providing advanced solutions to improve the efficiency and reliability of critical equipment. The energy industry … Read more
In the dynamic world of energy production, staying ahead of evolving market needs while maintaining North American Energy Standards Board [NAESB], The Federal Energy Regulatory Commission [FERC], and Canada Energy Regulator [CER] regulatory compliance can be a challenge for pipeline operators. Here are some common hurdles: Regulatory Complexity: The energy sector is heavily regulated, with … Read more
Liberal leadership candidate thinks it’s ‘misinformation and lies’ when the PBO repeatedly reports carbon tax costs more than we get back in rebates BY FRANK TERRAZZANO AND KRIS SIMS To their credit, reporters are asking Liberal leadership candidate Mark Carney tough questions about how much his replacement carbon tax will cost. So far, he doesn’t … Read more
By: Alex Whalen Amid a looming trade war with the United States, New Brunswick Premier Susan Holt said that President Trump’s threatened 25 per cent tariff could cost the province between 4,000 and 6,000 jobs. This should come as no surprise given that each year New Brunswick exports billions of dollars of products to the U.S. … Read more
• US reciprocal tariff recommendations expected in April • Ukraine peace talks could pave way for Russia sanctions easing • US can apply maximum economic pressure on Iran, Treasury Secretary says • US oil and natural gas rig count rose for a third week in a row NEW YORK, Feb 14 (Reuters) – Oil prices … Read more
Railcars holding crude oil The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) was steady on Friday: * WCS for March delivery in Hardisty, Alberta, settled at $13.15 a barrel under WTI, according to brokerage CalRock, having also ended at a $13.15 discount on Thursday. … Read more
Between the MOU signed in Japan and Crystal Smith’s award, we are in an era of Indigenous economic leadership in Canada By Resource Works More News and Views From Resource Works Here Energy for a Secure Future (ESF), the Institute of Energy Economics, Japan (IEEJ), and the First Nations LNG Alliance have signed a Memorandum of Understanding … Read more
(Reuters) – Oilfield services provider SLB has named new chief strategy and performance officers, according to a company memo seen by Reuters, the latest steps in a larger reorganization of its global structure. Aparna Raman has been appointed chief strategy and marketing officer, the memo said, effective March 1. Raman was most recently president of … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, 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, rose by two … Read more
By Jarrett Renshaw and Timothy Gardner WASHINGTON, Feb 14 (Reuters) – President Donald Trump’s administration said on Friday it has granted a liquefied natural gas export license to Commonwealth LNG in Louisiana, the first approval of exports of the resource after former President Joe Biden paused them early last year. The exports are approved to … Read more
(Reuters) – Exports of Russia’s liquefied natural gas (LNG) will likely not exceed 67 million metric tons by 2030, falling far short of its 100 million target due to international sanctions, experts said at an industry conference on Friday. Russia has focused on development of LNG, which could be delivered by sea tankers, as its … Read more
Summary • US reciprocal tariff recommendations expected in April • Ukraine peace talks could pave way for Russia sanctions easing • Global oil demand on the rise, says JP Morgan LONDON, Feb 14 (Reuters) – Oil prices rose on Friday and were poised to end three weeks of decline, buoyed by rising fuel demand and … Read more
CALGARY, AB, Feb. 14, 2025 /PRNewswire/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported fourth quarter 2024 financial results, reaffirmed its 2025 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations … Read more
Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier.
The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down …
Russia will be “reintegrated” into the world economy and the European energy system once a peace deal is achieved and the war ends in Ukraine, Prime Minister Viktor Orban told state radio on Friday. “If the U.S. president comes and creates peace, there is a deal, I think Russia will be reintegrated into the world … Read more
Southeast Gateway pipeline project achieves mechanical completion Increases common share dividend for the twenty-fifth consecutive year CALGARY, Alberta, Feb. 14, 2025 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its fourth quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “Our strategic priorities that emphasize safety, operational … Read more
CALGARY, Alberta, Feb. 13, 2025 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the year ended December 31, 2024. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available on Pulse’s website … Read more
by Canada Powered by Women | February 2025 The start of 2025 has seen a whirlwind of political changes and updates that are unsettling to many, including our team here at Canada Powered by Women. We have taken the time to connect with one another, review ongoing developments and public feedback, statements made by policy makers, associations, industries … Read more
Decarbonizing Canada’s Electricity Generation: Rapid Decarbonization of Electricity and Future Supply Constraints Canada’s Clean Electricity Regulations (Canada, 2024a) 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. Canada’s electricity demands are expected to grow in line with the country’s population, economic … Read more
By Resource Works More News and Views From Resource Works Here A carbon tariff—a policy that would impose fees on imported goods based on their carbon emissions—is built on the idea that Canada should penalize foreign producers for not adhering to stringent climate policies. While this may sound like a strong stance on climate action, … Read more
Rob Morgan brings his experience and knowledge to help the AER “turn the page” as a ‘responsible and effective regulator’ The Canadian Press Alberta’s energy watchdog has chosen a former oil and gas company chief executive as its new boss. The Alberta Energy Regulator (AER) says Rob Morgan, who most recently led Strathcona Resources, is to take the … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Thursday: * WCS for March delivery in Hardisty, Alberta, settled at $13.15 a barrel under WTI, according to brokerage CalRock, having ended at a $13.25 discount on Wednesday. * The discount on Canadian … Read more
CALGARY, AB – The Board of Directors of the Alberta Energy Regulator (AER) is pleased to announce Mr. Rob Morgan will join the AER on February 18, 2025, as the Chief Executive Officer (CEO). “With decades of industry experience as a petroleum engineer and corporate executive, Rob comes to the AER with a strong perspective on the … 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
By Antony Currie MELBOURNE, Feb 13 (Reuters Breakingviews) – U.S. President Donald Trump says trade wars are easy to win. If so, his 25% tariffs on steel and aluminium imports ought to have big overseas producers like Rio Tinto (RIO.L), (RIO.AX) begging for mercy. Yet shareholders in the $107 billion miner and rivals like BHP … Read more
Corson announces intention to retire after 42-year career at Imperial and ExxonMobil Board appoints new president, John Whelan, effective April 1, 2025 Whelan to succeed Corson as chairman and CEO, effective May 8, 2025 CALGARY, Alberta–(BUSINESS WIRE)–Imperial (TSE: IMO, NYSE American: IMO) today said the board of directors has approved the appointment of John Whelan … Read more
Percentage of Canadians who believe energy policy should prioritize economic growth doubles from 2023 February 13, 2025 – The return of U.S. President Donald Trump to the Oval Office, and his threat of widespread tariffs, has seismically shifted the economic landscape. It has also threatened to upend energy development in both the long- and short-term. New … Read more
(Reuters) – Oil prices fell more than 1% on Thursday as a potential peace deal between Russia and Ukraine continued to exert downward pressure, along with rising crude inventories in the United States. Brent futures were down $1.04 or 1.4%, at $74.14 a barrel by 1303 GMT while U.S. West Texas Intermediate (WTI) crude dropped … Read more
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has … Read more
Activist investor Elliott Management has disclosed a near 5% stake of about 3.8 billion pounds ($4.75 billion) in BP, making it the oil company’s third-largest shareholder, the Financial Times reported on Thursday, citing people close to the matter. Elliott is trying to push the British oil company to cut spending on renewables and make big … Read more
CALGARY, AB, Feb. 13, 2025 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced its fourth quarter and year-end 2024 financial results today, the highlights of which are included in this news release. To view Management’s Discussion and Analysis (the “MD&A”) and financial statements, visit either Keyera’s website or its filings on SEDAR+ at www.sedarplus.ca. “Keyera had an outstanding 2024, achieving … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Wednesday: * WCS for March delivery in Hardisty, Alberta, settled at $13.25 a barrel under WTI, according to brokerage CalRock, having ended at a $13 discount on Tuesday. * The discount on Canadian heavy … Read more
CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce its 2025 capital guidance. 2025 BUDGET GUIDANCE In 2025, Petrus will build on its strategy of disciplined capital investment by targeting projects designed to maintain production, increase liquids weighting, enhance capital efficiency and generate free … Read more
CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. … Read more
CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2024 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2024. “Due to the success of our 2024 capital program and driven by our … Read more
MILAN, Feb 12 (Reuters) – Global demand for liquefied natural gas will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, scenarios published by Shell (SHEL.L), opens new tab showed on Wednesday. The British energy … Read more
(Reuters) – OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise … Read more
And why Resource Works spreads the word on responsible resource development and Indigenous reconciliation As Resource Works heads into its 11th year as an advocate for responsible development of Canada’s natural resources, we look at how it got started, and continues today, with CEO and founder Stewart Muir: By Resource Works More News and Views … Read more
(Reuters) – Ukraine called on its allies on Wednesday to help it import more natural gas as it moved to increase gas imports by a third to 22.6 million cubic meters following a series of Russian missile attacks on Ukrainian gas facilities. The call came after natural gas production sites owned by Ukraine’s state-run energy … Read more
The EV battery maker filed for bankruptcy protection last year Bloomberg News Investment Management Corp. of Ontario has written down its US$400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to people familiar with the matter. The Canadian pension manager bought Northvolt convertible bonds in … Read more
HOUSTON, Feb 12 (Reuters) – Chevron (CVX.N), opens new tab will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production … Read more
(Reuters) – Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries. The United States imposed sanctions last month that targeted 180 Russian tankers while Kyiv has stepped up drone attacks to … Read more
(Reuters) – India’s natural gas consumption is set to jump 60% between 2023 and 2030, doubling the country’s need for liquefied natural gas imports, as domestic output is expected to grow much more slowly than demand, the International Energy Agency said on Tuesday. Rapid urbanisation and industrialisation are set to transform the energy market in … Read more
(Reuters) – Japan’s top power generator JERA expects competition for U.S. liquefied natural gas (LNG) to increase as demand from Asia and Europe rises, its CEO said on Wednesday. “There are many potential buyers. Asian and European buyers are really interested in U.S. energy. So, there are many competitors,” JERA Asia CEO Izumi Kai told … Read more
CALGARY, AB, Feb. 12, 2025 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce the results of its year-end independent oil and gas reserves evaluations as of December 31, 2024, (the “Reserve Reports”), prepared by Tamarack’s independent qualified reserves evaluators, McDaniel & Associates Consultants Ltd. (“McDaniel) and GLJ Ltd. (“GLJ”). Tamarack’s 2024 results … Read more
Summary • Brent, WTI futures both fall • U.S. crude stockpiles rise by 9.4 million barrels, sources cite API data • Fed’s Powell signals slower rate cuts (Reuters) – Oil prices fell 1% on Wednesday, ending three days of gains, as industry sources pointed to rising U.S. crude stockpiles and hawkish remarks from Fed Chair … Read more
By William Lacey Donald Trump didn’t miss a beat, unlike the Kansas City Chiefs who missed the game. Aboard Air Force One, or was it TrumpForce One…I forget, he announced that all imports of Steel and Aluminum would be subject to a tariff of 25%. As curiosity always gets the better of me, I wondered … Read more
For decades, Canada’s provinces have behaved like crabs in a bucket—pulling each other down instead of lifting each other up. Instead of working together to build a stronger economy, we’ve allowed outdated trade barriers, regulatory red tape, and political infighting to stifle our own potential. In my work advocating for Canadian resource development, I see … Read more
STABILIZING STEEP SLOPES USING STRATUM’S EXPERTISE ON NPA GEOCELL REINFORCEMENT NPA Geocell stabilization for Slope Protection For a contractor, there is nothing worse than reconstructing a hill to enhance its stability/integrity, only to discover that the solution didn’t perform as expected. This is where the precision of engineering becomes crucial. Even for experienced engineers, designing … Read more
Why Implement XI Technologies’ H2SComplete Service in Your Planning Process: Ensuring Compliance and Efficiency for Dir56 Well Licensing When planning and preparing for drilling operations, few things are as critical as ensuring compliance with AER Directive 56 (Dir56) for well licensing. A crucial part of this compliance is assessing the potential release rate of Hydrogen Sulfide (H2S) … Read more
For more than 40 years Buffalo Inspection Services has provided cutting edge, non-destructive inspections and testing. With an industrial sized X-Ray bunker, a fleet of over 60 crews, and 28 locations throughout Western Canada, trust Buffalo to be your NDT partner. Learn more, contact Buffalo Inspection Services
BC is a huge source of mettalurgical coal, which is used to make steel. Trump’s tariffs are going to hit the province’s coal industry hard. US President Donald Trump’s announcement of 25 percent tariffs on imported steel will send shockwaves through many industries but one of the hardest hit will be British Columbia’s coal industry. As the … Read more
Liberal leadership candidate Mark Carney seems to think giving you a discount code on a new furnace or some extra insulation is the best way to help you with affordability. And he’s going to pay for the discounts by hitting businesses like fuel refineries and power plants with a hidden carbon tax. Of course, … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Tuesday: * WCS for March delivery in Hardisty, Alberta, settled at $13 a barrel under WTI, according to brokerage CalRock, having ended at a $13.20 discount on Monday. * The discount on Canadian heavy … Read more
Chrystia Freeland says Canada should target Elon Musk’s Tesla in retaliation to tariffs Freeland said Canada needs to deliver the message to Trump’s supporters that if you hit Canada, it will hit back The Canadian Press “Since Canada’s current climate policy has become too divisive, it’s time for a new, more effective climate plan that … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Feb. 11, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a … Read more
Calgary, Alberta–(Newsfile Corp. – February 11, 2025) – Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) (“Greenfire” or the “Company”) today announced the appointment of Colin Germaniuk, P.Eng., as President and Adam Waterous as Executive Chairman of the Company. Mr. Germaniuk will report directly to Adam Waterous. Mr. Germaniuk brings extensive experience in thermal oil operations … Read more
Parkland Corp. says its largest shareholder is no longer bound by the voting and standstill restrictions that were part of a governance agreement between the two.
The Calgary-based company says an Ontario Superior Court decision lifted the limitations…
(Reuters) – U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report. U.S. President Donald Trump has vowed to maximize U.S. oil production even as energy executives have held steadfast on prioritizing capital discipline over … Read more
(Reuters) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new chief performance officer, it … Read more
(Reuters) – Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil … Read more
Summary • Brent, WTI up 0.7% after near 2% rise in prior session • Trump imposes 25% import tariffs on steel, aluminium • Fed to wait until next quarter before rate cut, per Reuters poll (Reuters) – Oil prices extended gains on Tuesday amid concerns over Russian and Iranian oil supply and sanctions threats despite … Read more
By Maureen McCall “Go West, young man, go West … and grow up with the country” is a phrase attributed to Horace Greeley from the New York Daily Tribune back in 1865. In 2025 the phrase might be updated to “Go North, young man, go North” as optimism rises about the oil and gas and critical minerals … Read more
‘Being so dependent on the United States for the export of oil is a vulnerability’ Bloomberg News “If tariffs come into effect, we think it’s possible to reach full capacity at the Trans Mountain pipeline system this year,” Balasch said on the sidelines of the Argus Crude Summit in Houston. “We are ready to handle … Read more
By Jim Warren On Thursday, February 6 federal energy and natural resources Minister Jonathan Wilkinson told reporters about a brilliant idea he’d come up with. He said Canada should think about building an east-west oil pipeline. He claimed doing so could provide Ontario, Quebec and parts further east greater security of supply. Furthermore, such a … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Monday: * WCS for March delivery in Hardisty, Alberta, settled at $13.20 a barrel under WTI, according to brokerage CalRock, having ended at a $13.50 discount on Friday. * Canadian heavy crude prices have … Read more
Liberal leadership candidate Chrystia Freeland’s pitch to export liquefied natural gas (LNG) to allies is drawing skeptical reactions from those who say her government neglected the sector over the past decade.
The former finance minister’s policy sta…
He’s axing the ‘consumer carbon tax’ but is replacing it with something less efficient and more complicated Jack M. Mintz Originally Published in the Financial Post Here It was curious that in the heat of last Friday’s furor over the Trump tariffs, Liberal leadership contender Mark Carney issued his plan for change on the consumer … Read more
CALGARY, Alberta, Feb. 10, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its fourth quarter and year-end operating and financial results for the period ended December 31, 2024. PrairieSky is also pleased to announce a 4% increase in its annual dividend policy to $1.04 per common share ($0.26 per … Read more
The leader of Canada’s largest province said the government will ban Chinese components from energy projects if his party is reelected later this month. “China is playing by its own rules, is flooding markets, hijacking supply chains, undercutting our workers and threatening our industries,” Ontario Premier Doug Ford told reporters on Monday at a nuclear … Read more
** Bernstein sees a very modest pullback of nearly $5 billion in upstream capex in 2025 ** “We see an upstream sector that returns a bit over half its cash flow while investing a bit under half” – brokerage ** Bernstein says that the supply side has reallocated capital toward downstream, renewables, trading, and cash … Read more
Summary Trump to announce new steel, aluminum tariffs on Monday Importers to pay 25% on top of existing steel, aluminum tariffs Fate prior metals tariff exemptions for Mexico, Canada unclear Trump says US reciprocal tariffs to match other countries’ rates
(Reuters) – U.S. President Donald Trump said on Sunday he will introduce 25% tariffs on all steel and aluminum imports into the United States, on top of existing metals duties, in another major escalation of his trade policy overhaul. Here’s a summary of the major trade partners it will affect. Steel Roughly a quarter of all … Read more
Summary • Trump to announce 25% steel and aluminium tariffs on Monday • China responds with retaliatory tariffs on some US exports • Trump holds talks with Putin to end Ukraine war (Reuters) – Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff … Read more
CALGARY, Alberta, Feb. 10, 2025 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce preliminary test results from its 10-36-3-9W3 helium discovery well (the “10-36 Well”) along the Mankota helium fairway. HEVI holds a 20% working interest in … Read more
Reducing crude output has the potential to inflict real pain on US refiners and consumers. 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. Canada is in that awkward position where a … Read more
In an era of shifting trade policies and geopolitical tensions, Canada, Poland, and Ukraine face a shared challenge: navigating the impact of U.S. tariffs while ensuring energy security. With tariffs affecting Canadian exports and potential new tariffs on European goods, the urgency for collaboration has never been greater. Canada, with its vast natural resources; Poland, … Read more
Introduction In industrial combustion processes, ensuring flame stability and detection is critical. Whether in refineries, power plants, or chemical processing facilities, maintaining proper flame monitoring is essential for safety, efficiency, and regulatory compliance. A failure in flame detection can lead to unplanned shutdowns, costly maintenance, or even hazardous incidents such as explosions. While flame scanners … Read more
Eby’s pledge to streamline projects is welcome, but real change means cutting the approval timeline down to 10 years, at the very least By Resource Works More News and Views From Resource Works Here Premier David Eby’s announcement to streamline 18 projects worth $20 billion is a start. Faster mining approvals will create jobs, boost … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, 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, rose by four … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Friday: * WCS for March delivery in Hardisty, Alberta, settled at $13.50 a barrel under WTI, according to brokerage CalRock, having ended at a $13.95 discount on Thursday. * Canadian heavy crude prices have … Read more
Suncor chief executive Rich Kruger says that while all Canadian businesses will feel a hit from tariffs, his company is fairly well-positioned to limit the impact.
He says the company’s large Canadian refining footprint and higher capacity than peers …
(Reuters) – Canada could face long-term political challenges with the United States even if it manages to avert U.S. President Donald Trump’s threat of tariffs, Prime Minister Justin Trudeau said on Friday. Trump on Monday said he would delay the imposition of tariffs on Canadian exports by 30 days in return for concessions on border … Read more
Investment in ‘value-added’ projects more than doubled to $4 billion in 2024 By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Inter Pipeline’s Heartland Polymers project near Edmonton, which started up in 2023, is North America’s first integrated, single-site commercial production of polypropylene, one of the … Read more
(Reuters) – The U.S. Department of Energy will prioritize expanding energy production over achieving net-zero greenhouse gas emissions, according to an order issued on Wednesday by Energy Secretary Chris Wright. The secretarial order is meant to align the department with priorities outlined by President Donald Trump, who has called climate change a hoax and has … Read more
The fact that Trump would not hit Canadian oil with a 25 percent tariff speaks volumes about the importance of Canada’s most important natural resource By Resource Works More News and Views From Resource Works Here While US President Donald Trump’s 30 day delay on tariffs for Canada and Mexico may be a temporary reprieve, … Read more
Summary • Prices supported by new US sanctions on Iran crude exports • Offset by fears that trade tensions will hit demand • Trump also repeating pledge to increase US oil production (Reuters) – Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran’s crude exports but prices were down … Read more
(Reuters) – Prime Minister Justin Trudeau on Friday said U.S. President Donald Trump’s talk about absorbing Canada “is a real thing” and is linked to the country’s rich natural resources, a government source said. Trudeau made the remarks during a closed-door session of business and labor leaders on how best to respond to Trump’s threats … Read more
AltaGas Ltd. and Keyera Corp. have signed a deal to work together in a plan they say will see more Canadian energy products reach Asian markets.
Under the agreement, Keyera has signed a 15-year tolling contract for 12,500 barrels per day of liquefied …
(Reuters) – Oil prices rose on Friday after new sanctions were imposed on Iran’s crude exports but were on track for a third straight week of decline, hurt by U.S. President Donald Trump’s renewed trade war on China and threats of tariffs on other countries. Brent crude futures were up 51 cents, or 0.7%, at … Read more
Federal Energy Minister Jonathan Wilkinson says Ottawa and the provinces should discuss the possibility of an oil pipeline to Eastern Canada to improve energy security and diversify trade.
Wilkinson said Thursday that United States President Donald T…
Dealing with the tariff threat will force us to choose between economic growth or doubling down on economy-killing climate policies Jack M. Mintz Article Originally Published in the National Post The United States has agreed to hold off on the tariffs for 30 days. The market regained its confidence that future Trump tariffs will only … Read more
CALGARY, AB, Feb. 6, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its fourth quarter and year-end 2024 financial and operational results as well as its year-end 2024 reserves. HIGHLIGHTS Fourth Quarter 2024 Results ARC delivered record quarterly production of 382,341 boe(1) per day (62 per cent natural gas and 38 per … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed slightly on Thursday: * WCS for March delivery in Hardisty, Alberta, settled at $13.95 a barrel under WTI, according to brokerage CalRock, having ended at a $14 discount on Wednesday. * Canadian heavy crude prices … Read more
By: Julio Mejía and Elmira Aliakbari On its first day in office, the Trump administration withdrew from the Paris climate agreement and began a regulation effort aimed largely at the energy sector. Meanwhile, the Trudeau government wants to reduce Canada’s greenhouse gas (GHG) emissions by at least 40 per cent below 2005 levels by 2030 … Read more
Canadian pipeline operator Trans Mountain is looking at expansion projects in the short and long terms that could add between 200,000 and 300,000 barrels per day (bpd) of capacity to the company’s system, Jason Balasch, a vice president at the firm, said on Thursday. The pipeline, which can currently carry up to 890,000 bpd of … Read more
82% favour raising price on energy exports to U.S. if Trump tariffs Canadian goods, suggests poll Bloomberg News There is strong nationwide support among Canadians for putting export taxes on oil shipments if needed to retaliate against U.S. President Donald Trump’s tariffs, a new poll suggests. Export taxes on energy have been considered politically divisive … Read more
MONTREAL, Feb. 6, 2025 /CNW/ – Quebec is ideally positioned to seize the generational opportunities ahead in the energy and natural resources space to build a strong, sustainable economy. Today, the Honourable Jonathan Wilkinson, Canada’s Minister of Energy and Natural Resources, along with Christine Fréchette, Quebec’s Minister of the Economy, Innovation and Energy and Minister Responsible for Regional Economic Development, and Maïté Blanchette … Read more
Canadians are opening their home heating bills with a sense of dread this month, thanks to the carbon tax. Every politician haunting the warm halls of power should read the painful experiences of Canadians who are fighting to afford the basics. Those politicians should ask themselves why any Canadian should be forced to pay the carbon tax … Read more
Heather Eggleston, Vice President, Low Carbon Solutions Canada, Imperial Oil Limited Heather Eggleston was named Vice President of Low Carbon Solutions in August 2023, in conjunction with the creation of Imperial’s low carbon solutions organization. Ms. Eggleston has worked for Imperial for over 22 years in a range of positions within the downstream and corporate … Read more
By: Tegan Hill and Milagros Palacios This bulletin assesses the extent to which the Smith government has increased spending since its original plan in the 2022 mid-year fiscal update and puts Alberta’s current risk of budget deficit into perspective. Despite a commitment to spending restraint in Budget 2024, the Smith government expects to spend $31.1 … Read more
By: Kenneth P. Green With all eyes focused on WWT (World War Tariff), another Trump initiative was quietly put in place last week in one of the now-signature Trump “flood the zone” initiative waves. On Jan. 31, the Trump administration published an executive order (EO) titled “Unleashing Prosperity Through Deregulation,” and as regulatory reform initiatives go, … Read more
(Reuters) – Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters. The most populous Arab country last year returned to being a of natural gas, buying dozens of cargoes and abandoning plans to … Read more
Summary • Beijing slapped 10% tariffs on U.S. crude imports after U.S. levies imposed • U.S. crude export growth stalled in 2024, rising just 0.6% • Medium-sour crude exports to China may stay in U.S. refineries (Reuters) – China’s retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for … Read more
Summary Saudi Aramco raised March crude prices for Asian buyers • U.S.-China trade tariffs cloud oil demand outlook • Trump policies make for oil market volatility, analysts say Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply, but the gains barely dented the previous day’s slide … Read more
By Jim Warren Northvolt, a wannabe electric vehicle (EV) battery manufacturing superstar, based in Sweden filed for Chapter 11 bankruptcy protection in the US on November 21, 2024. In just eight years the company had blown through $15 billion USD in startup capital. Bloomberg says it was one of the most indebted companies to file … Read more
(Reuters) – The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Wednesday: WCS for March delivery in Hardisty, Alberta, settled at $14 a barrel under WTI, according to brokerage CalRock, having ended at a $13.85 discount on Tuesday. Canadian heavy crude prices have … Read more
A month-long pause on Donald Trump’s tariff threat has done little to ease Canadian concerns as key cabinet ministers return to Washington hoping to push the devastating duties off the table permanently.
“I do think there are opportunities for convers…
By Karen Braun (Reuters) – A potential trade war between the United States and its two neighbors has been thwarted for now, though the U.S.-China status remains murky after both parties implemented tariffs on Tuesday, their leaders yet to speak with one another as of late afternoon. All four countries occupy significant spots on each … Read more
The head of oil multinational Shell’s Canadian operations is leaving the company after four years at the helm. Canada president and country chair Susannah Pierce’s departure is effective March 3, Shell Canada said on Tuesday. Pierce said in a LinkedIn post that she is leaving to pursue personal interests. Stastia West, Shell’s current vice president … 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
The Quebec government says it would be open to reviving a controversial liquefied natural gas project in the province’s Saguenay region to ship energy from Alberta overseas.
Quebec refused to authorize GNL Québec Inc.’s proposed liquefaction facility …
TOKYO, Feb 6 (Reuters) – Alberta, a major gas producer, needs to find new export markets in face of a U.S. tariff threat, and expanding in Japan is an important target, its minister of environment and protected areas, Rebecca Schulz told Reuters. “Given what we’ve seen in the United States, this is reinforcement that we … Read more
Growth in oil output from the U.S. Permian basin, the country’s top oilfield, is expected to slow by at least 25% this year despite President Donald Trump’s vow to maximize production, energy executives forecast on Thursday. At a conference in Houston, they said production is expected to rise in 2025 by about 250,000 barrels per … Read more
Suncor Energy Inc. says it earned $818 million in the fourth quarter of 2024, down from $2.82 billion a year earlier, as it saw upstream production rise.
The Calgary-based oil giant says the earnings worked out to 65 cents per common share, down from…
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting … Read more
(Reuters) – Canada’s Suncor Energy beat analysts’ estimates for fourth-quarter profit on Wednesday, as the integrated oil and gas firm benefited from higher oil production and strong refined product sales volumes. The country’s oil producers benefited after the Trans Mountain Pipeline expansion project began commercial operations last year, as it increased their transportation capacity and … Read more
Exxon, California Resources Corporation and Net Power demonstrate replicable strategy to shoulder massive, anticipated load growth CALGARY, Alberta (Feb. 5, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has developed new capabilities to help site data centers using data sets … Read more
Calgary, Alberta–(Newsfile Corp. – February 5, 2025) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) and Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek”) are pleased to announce the completion of the acquisition by a large publicly traded company of all of the outstanding common shares of Gear (the “Gear Shares”) pursuant … Read more
(Reuters) – Norway’s Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours. Equinor follows peers BP and Shell, which have trimmed plans to expand in renewable energy, especially offshore wind, … Read more
Summary • Brent down 0.87%, WTI down 0.84% • U.S. crude stocks rose by 5 mln barrels in the week to Jan.31 – market sources • Trump clamp-down on Iran may support prices in near term (Reuters) – Oil prices dipped on Wednesday as rising U.S. stockpiles and concern about a new Sino-U.S. trade war … Read more
Learn how to avoid a potential messy clean up down the road . . . Secondary Containment Tank farm annual inspection & testing Halo utilizes Smoke Testing which provides visual verification of any breeches in your secondary containment area. We can detect even the smallest pin hole leaks. In addition, this method also detects weak … Read more
Shelley Leggitt, 2025 CEGA President When I ask myself this question, two key benefits immediately come to mind: technical idea generation and networking. In fact, nearly every component of our programming falls within these two categories. CEGA is our association, our community of like-minded scientists. We share a passion for earth science, discovery, and learning. … 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 March delivery in Hardisty, Alberta, settled at $13.85 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $13.50 a barrel under the U.S. benchmark on Monday. * … Read more
Register for your 2025 Membership IPEIA Offers Our Members: Webinars!! Access to past technical presentations Student involvement through IPEIA’s Codes Courses and Student Poster Sessions Opportunities to engage with regulators Networking!! Stay connected with your colleagues from around the globe. Our membership includes industry leaders from North, South & Central Americas, Asia, Africa and Europe … Read more
Independent investment-banking firm Infor Financial Group Inc. hired longtime Calgary banker Greg Saksida as a principal at what it believes could be a turning point for Canada’s energy industry. Saksida, who spent more than two decades with Toronto-Dominion Bank before recent stints at the Calgary offices of Citigroup Inc. and Stifel Financial Corp., said he expects deal activity in the … Read more
Next, We Geed a Great Exodus From Net Zero Ideology By Gina Pappano Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Liberal leadership Mark Carney launched the Glasgow Financial Alliance for Net Zero in in April 2021 as UN Special Envoy on Climate Action. CP Images photo In … Read more
Pride in Canada rebounds in face of Trump threat; working to reduce interprovincial trade barriers seen as key to response Percentage saying they are ‘very proud’ to be Canadian jumps from 34 to 44 per cent vs. December February 5, 2025 – It has been a whirlwind past week in Canada-U.S. relations, after announced tariffs … Read more
(Reuters) – Canadian pipeline operator Trans Mountain said it expects to see increased interest to ship on its system if the United States slaps tariffs on Canadian oil imports in a month. The pipeline, which can carry up to 890,000 barrels per day of crude from Alberta to Canada’s Pacific Coast, has been about 80% … Read more
Summary • Japan may see LNG demand up to 74 mln t by 2040 if renewable energy rollout is slow • Japan’s power demand is seen growing on data centres expansion • Canada looks for alternative energy markets as Trump threatens tariffs TOKYO, Feb 5 (Reuters) – Japan’s demand for liquefied natural gas (LNG) may … Read more
U.S. President Donald Trump said on Tuesday that he would love to make a deal with Iran to improve bilateral relations, but added that Tehran should not develop a nuclear weapon. “I say this to Iran, who’s listening very intently, ‘I would love to be able to make a great deal. A deal where you … Read more
CALGARY, Alberta, Feb. 04, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) announced that Sean Brown has stepped down today from his role as Senior Vice President and Chief Financial Officer. “On behalf of the Board and leadership team, I want to thank Sean for his role in building Gibson’s strong financial foundation,” said … Read more
CALGARY, AB, Feb. 4, 2025 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) (“Kiwetinohk” or the “Company”) today announced proceeds and closing of a $21 million sale of its proposed 101-MW Opal natural gas-fired power project to Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer”). Located near the Town of Fox Creek, Alberta, the Opal natural gas-fired project site is fully permitted and licensed, and … Read more
(Reuters) – President Donald Trump’s emerging trade war with Beijing poses a new threat to billions of dollars in planned U.S. liquefied natural gas export projects, many of which rely on China as a key buyer, according to analysts, industry sources, and company filings. The threat reflects the double-edged nature of Trump’s protectionist policies, which … Read more
(Reuters) – U.S. President Donald Trump will reimpose “maximum pressure” on Iran and drive its oil exports down to zero, a U.S. official said. Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels of oil per day (bpd), or around 3% of global output. Following are … Read more
(Reuters) – U.S. President Donald Trump will restore his “maximum pressure” campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday. Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure. That would shut down the region’s trade and lead … Read more
(Reuters) – U.S. President Donald Trump will restore his “maximum pressure” campaign on Iran and drive its oil exports to zero, a U.S. official said on Tuesday. Such a move would reduce crude supply, boosting oil prices and creating the need for others to pump more. Saudi Arabia and fellow members of the Organization of … Read more
By: Tegan Hill The Smith government recently shared its plan to build up Alberta’s Heritage Fund to $250 billion by 2050, to purportedly wean Alberta off the resource revenue rollercoaster. Unfortunately, while its crucial to grow the fund, the government’s plan lacks robust rules to safeguard the fund and ensure its growth over the long term. The … Read more
(Reuters) – The trade in crude oil, liquefied natural gas and coal between the United States and China is effectively dead after Beijing responded to President Donald Trump’s tariffs with measures of its own. China, the world’s biggest importer of the three energy commodities, on Tuesday slapped import duties of 15% on U.S. LNG and … Read more
CALGARY, AB, Feb. 4, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that its Board of Directors have approved a capital program of $41 – $44 million for 2025. InPlay has adopted a highly capital efficient and disciplined capital program for 2025 strategically focused on maximizing Free Adjusted Funds Flow (“FAFF”)(2). Key highlights of the … Read more
Summary • US tariffs on China take effect • China counters with 10% tariffs on crude, coal and LNG • Trump pauses tariffs on Mexico, Canada for a month • OPEC+ likely to bring back more supplies in April Feb 4 (Reuters) – Crude prices fell on Tuesday as U.S. tariffs on China took effect … Read more
February 04, 2025 7:00 AM EST | Source: Obsidian Energy Ltd. Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing (“PDP”) reserves, proved (“1P”) reserves, and proved plus probable(“2P”) reserves basis, respectively 1P reserve value increased 23 percent on a per share basis to $2.3 billion (before-tax, discounted at 10 … Read more
February 04, 2025 7:00 AM EST | Source: Tuktu Resources Ltd. Calgary, Alberta–(Newsfile Corp. – February 4, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce a significant expansion of its prospective land base adjacent to its new pool discovery in the light oil-prone southern Alberta deep basin. Land Expansion Through a … Read more
Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau’s consumer carbon pricing regime but will keep industrial pricing in place. “Since Canada’s current climate policy has become too divisive, it’s time for a new, more effective climate plan that everyone can get behind,” Carney said at an event in Halifax Friday … Read more
By Yogi Schulz The oil and natural gas industry refines over 100 million barrels of crude oil daily to produce much more than gasoline. Here’s an overview of how pervasive hydrocarbons are in our economy and how essential hydrocarbons are to the many products we depend on in our modern society. This overview is also … Read more
By: Jake Fuss and Grady Munro Defence Minister Bill Blair recently claimed the federal government could “absolutely” achieve the North Atlantic Treaty Organization (NATO) defence spending target of 2.0 per cent of gross domestic product (GDP—a measure of the size of the economy) by 2027. However, the dismal state of Canada’s finances makes this accelerated timeline very … 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 March delivery in Hardisty, Alberta, settled at $13.50 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $14.75 a barrel under the U.S. benchmark on Friday. * … Read more
The conditions that led to the 2015 Paris agreement have long since been rendered outdated by the advancement of AI and other changes to our world By Resource Works More News and Views From Resource Works Here In 2015 world leaders met in Paris to set the course for climate action and agreed to limit global warming … Read more
Alberta Premier Danielle Smith says she’s “greatly heartened” by U.S. President Donald Trump’s tariff pause, saying the eleventh-hour deal with Canada follows through on a border security measure she had been calling for.
Prime Minister Justin Trudeau…
WASHINGTON (AP) — President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking. The pauses provide a cool-down period after a tumultuous few days that put North America on … Read more
Mark Maki, chief executive of Trans Mountain, on how the pipeline is proving to be the generational opportunity the federal government predicted it could be Mark Maki, Calgary Herald Original appeared in the Calgary Herald Here On May 1, 2024, we began commercial operations of the expanded Trans Mountain pipeline. Building a system that increased … 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 March delivery in Hardisty, Alberta, settled at $13.50 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $14.75 a barrel under the U.S. benchmark on Friday. * … Read more
The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump’s energy secretary. The vote was 59-38, with seven Democrats and one Independent, who caucuses with Democrats, crossing the aisle. Wright, 60, the CEO of Liberty Energy since 2011, has said he will step down from the company once confirmed. … Read more
Feb 3 (Reuters) – Global oil demand will likely be close to current levels in 2040, energy and commodities trader Vitol said in its long-term demand outlook on Monday, with rising consumption later this decade offset by a decline through the late 2030s. The world’s largest independent oil trader expects oil demand – which the … Read more
(Reuters) – OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government’s Energy Information Administration from the sources used to monitor its production and adherence to supply pacts. OPEC+ and Donald Trump clashed repeatedly during his first administration in 2016-2020 when the U.S. President … Read more
Calgary, Alberta–(Newsfile Corp. – February 3, 2025) – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) (OTCQX: GENGF) is pleased to announce that today at its special meeting (the “Meeting”) of the holders (the “Gear Shareholders”) of common shares of Gear (the “Gear Shares”), the Gear Shareholders passed a special resolution (the “Arrangement Resolution”) approving a … Read more
CALGARY, AB, Feb. 3, 2025 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce that it has entered into definitive agreements with Topaz Energy Corp. (“Topaz“) to sell a newly created 2.5% gross overriding royalty on the Company’s lands in the Pouce Coupe area (the “GORR Sale“) and a 35% non-operated working interest in Logan’s Pouce Coupe 04-19 gas … Read more
CALGARY, AB, Feb. 3, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to provide the results of our 2024 year end reserves evaluation as prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”). 2024 was a strong operational and financial year for Whitecap, driven by the successful execution of our organic drilling … Read more
(Reuters) – Canadians have canceled trips south of the border, boycotted U.S. alcohol and other products and even booed at sporting events after U.S. President Donald Trump announced 25% tariffs on most of Canada’s goods on Saturday. Though Trump had pledged to put tariffs on Canada and Mexico before taking office, the perceived act of … Read more
CALGARY, AB, Feb. 3, 2025 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that on January 31, 2025 it acquired a gross overriding royalty interest across approximately 0.1 million gross acres (over 60% undeveloped) (the “Royalty Interest”), and entered into a definitive agreement to acquire a 35% working interest in a 40 MMcf/d natural … Read more
Canada is not optimistic it can get the same kind of one-month reprieve from U.S. tariffs that was granted to Mexico, the New York Times cited a senior Canadian government official as saying on Monday. President Donald Trump said he had spoken to Prime Minister Justin Trudeau on Monday and would speak to him again … Read more
Canada is scheduled to have a call with Trump this afternoon. Bloomberg News President Claudia Sheinbaum said US tariffs on Mexico would be delayed for one month after a conversation with Donald Trump on Monday. “We had a good conversation with Trump,” she said in a post on social media. The Mexican peso erased losses … Read more
(Reuters) – The new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China are likely to have a limited near-term impact on global oil and gas prices, Goldman Sachs said in a note on Sunday. “Potential tariff-driven decline in U.S. natural gas imports from Canada is too small to significantly … Read more
(Reuters) – Japan’s industry ministry is aware of a view that expansion of data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email. In late December, the government released a draft of its basic … Read more
Summary • OPEC panel to meet at 1300 GMT, sources say • Group scheduled to unwind output cuts gradually from April • Oil rises towards $77 as tariffs spark supply disruption fears (Reuters) – OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top ministers meets … Read more
Summary US to tax oil imports from Canada at 10% Mexican energy imports to US face 25% charge Canada and Mexico supply a quarter of crude processed by US refineries, says EIA OPEC+ unlikely to alter plans to unwind output cuts gradually, sources say (Reuters) – Oil prices rose on Monday after U.S. President Donald … Read more
Westech Industrial is proud to announce an exciting expansion to our product portfolio for Western Canada. Starting in January, we will offer the complete line of UEC’s products to industries across the region. This marks a significant step forward in supporting the energy sector with innovative, reliable, and safety-focused solutions. Meeting the Evolving Needs of … Read more
Business travel for oil & energy companies is anything but simple. The stakes are high, timelines are tight, and safety is always a priority. At Corporate Traveller, we understand the unique pressures your teams face – and we’re here to make travel easy, efficient, and reliable. The biggest travel challenges for oil and energy companies. … Read more
2025 marks a significant milestone for Edmonton Exchanger (EDEX) as the company celebrates 50 years of industry leadership, innovation, and a steadfast commitment to safety and excellence. Founded in 1975 by Henry Gusse and Egon Lohmeier, Edmonton Exchanger provided field services to refineries and petrochemical plants in Alberta in the 1970s. The company worked out … Read more
Author: Carter Morrison In the ever-changing landscape of environmental regulation, organizations are continuously tasked with adapting to new standards designed to improve sustainability and reduce environmental impact. Recently, regulatory bodies in British Columbia have updated their requirements for the frequency of site inspections for oil and gas operators, specifically in response to higher-risk facilities and … Read more
Summary • Energy imports from Canada will have 10% duty, Mexican energy tariffs to be 25% • Tariffs mean higher costs for finished fuels like gasoline • US East Coast may have to turn to European fuel imports (Reuters) – U.S. consumers will see higher prices at the gas pump from President Donald Trump’s decision … Read more
2025: So far, So Good! Things continue to pick up in the oilpatch and projections point to another solid year. At Compass Bending, the pace has been red hot and we love it. IN PRODUCTION We’ve been working with the major Energy companies for over 20 years, providing precise pipe bends for their projects. Experienced … Read more
Complementary production in Canada and the U.S. boosts energy security By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Enbridge’s Cheecham Terminal near Fort McMurray, Alberta is a key oil storage hub that moves light and heavy crude along the Enbridge network. Photo courtesy Enbridge The … Read more
Trump put a 10 per cent tariff on Canadian oil and gas, more than that and Americans would howl By Rick Bell See More Articles From Rick Bell Here The Alberta oilpatch dodges the biggest bullet in the new U.S.-Canada trade war. Late Saturday afternoon, Alberta Premier Danielle Smith points out the 10 per cent … Read more
Summary • Trump orders 10% tariffs on Canadian oil, 25% tariffs on Mexican crude • U.S. refineries face higher costs for heavier crude grades • U.S. refinery earnings already under pressure (Reuters) – U.S. President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against … Read more
For North American companies, the “wait and see” moment on tariffs is over. U.S. President Donald Trump imposed a 25% levy on goods from Canada and Mexico, along with a 10% tariff on China, in what could be the opening stages of a full-scale trade war likely to create new headaches for executives that have … Read more
From: Department of Finance Canada February 1, 2025 – Ottawa, Ontario – Department of Finance Canada Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of goods in response … Read more
The Canadian Association of Energy Contractors (CAOEC) is deeply disappointed with today’s announcement from Washington. Our Association will take the time to collaborate with Canadian governments to comprehensively assess the impact on our members and the tens of thousands of workers across the country. For over five decades, our workforce has been at the forefront … Read more
Please find here CAPP’s statement on U.S. tariffs on behalf of Lisa Baiton, CAPP president and CEO: “We are deeply disappointed that U.S. President Trump has decided to institute tariffs on Canadian goods. Nobody wins with the introduction of tariffs on Canadian energy. These tariffs undermine our mutually beneficial relationship and are likely to increase … Read more
With U.S. tariffs on Canadian goods set to begin Tuesday, business groups say even the reduced tariff on Canadian energy will damage economies on both sides of the border.
U.S. President Donald Trump signed an executive order to put a 25 per cent tar…
I am disappointed with U.S. President Donald Trump’s decision to place tariffs on all Canadian goods. This decision will harm Canadians and Americans alike, and strain the important relationship and alliance between our two nations. Alberta will do everything in its power to convince the U.S. President and Congress, as well as the … Read more
U.S. President Donald Trump signed an order Saturday to impose tariffs of 10 per cent on Canadian energy and 25 per cent on everything else beginning on Feb. 4.
Statistics Canada says the value of Canadian exports to the United States in 2023 exceeded…
U.S. President Donald Trump will hit Canada with 25 per cent tariffs on Tuesday, with a lower 10 per cent duty for energy, government sources said — laying the foundation for a trade war with America’s closest neighbours.
The federal government inform…
When we talk about tariffs, we refer to taxes imposed by one country on imported goods from another. These taxes are used to influence trade and protect domestic industries, but they can also have significant effects on international trade relationships. In the case of American tariffs on Canada, the consequences would not be contained within … Read more
WHEN Wednesday, February 5 · 4 – 7pm MST WHERE Calgary Petroleum Club 319 5 Ave SW Calgary ABOUT Join us for an early evening of collaboration and connection at the CWiE Industry Alliance Event! This is a unique opportunity to engage with fellow industry professionals and learn more about the outstanding local organizations that … Read more
CALGARY, Alberta, Jan. 31, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Prospera is refining its production reporting process to provide greater consistency and enhanced transparency for shareholders. Moving forward, Prospera will apply the following standardized definitions in all production reporting: Gross Production: Represents Prospera Energy’s working interest (operated or … Read more
Summary • Trump says oil and gas tariffs will come around Feb 18 • Trump says he will probably bring tariffs down to 10% on Canadian oil • Russian sanctions dampen supply prospects • OPEC+ to discuss US output plans on Monday (Reuters) – Oil prices rose in aftermarket trading on Friday as U.S. President … Read more
RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada’s Big Six banks represented in the group.
Canada’s largest bank confirmed the move Friday, saying it has the tools and capabilities to implement its climate strategy and meas…
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight 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, rose by six to 582 in the week to Jan. … Read more
by Jim Warren News stories about global warming continue to be dominated by the views of the overly alarmed. This is a problem for fans of the petroleum and natural gas industries in the alienated West. That’s because people who are continuously misinformed about climate change by the media are more likely to support high … Read more
Alberta Premier Danielle Smith and Canada’s energy industry say they will await details before responding to the latest threat by U.S. President Donald Trump surrounding tariffs.
Trump says he will impose a 10 per cent tariff on Canadian oil around mi…
(Reuters) – OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC and its de facto leader Saudi Arabia to bring down prices. The meeting of top ministers from the Organization of the Petroleum Exporting … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada