(Reuters) – Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, which the five … Read more
Prime Minister Mark Carney killed the consumer carbon levy as one of his first acts upon taking office earlier this month. As of Tuesday, the price everyday Canadians pay for emissions will be set at $0.
Here is what consumers can expect:
Fuel
Patri…
Poilievre will create the ‘Canada First’ National Energy Corridor to rapidly approve & build the infrastructure we need to end our energy dependence on America so we can stand up to Trump from a position of strength. Saint John, NB — Conservative Leader Pierre Poilievre announced today he will create a ‘Canada First’ National Energy Corridor … Read more
We are very excited to share our 2025 Allies in Energy Executive Forum. The theme of our 2025 forum is “Thriving Through Career Transitions: Strategies for Navigating Change and Building Resilience.” In today’s fast-paced world, career transitions—whether shifting jobs, industries, or career stages—are inevitable. This forum will explore both the emotional and strategic aspects of navigating change, … Read more
St. Albert, Alberta–(Newsfile Corp. – March 31, 2025) – Enterprise Group, Inc. (TSX: E) (“Enterprise” or the “Company“) announces that the Toronto Stock Exchange (“TSX“) has accepted its notice of intention to commence a normal course issuer bid to purchase outstanding common shares of the Company (“Shares“) on the open market in accordance with the … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Waterous Energy Fund (“WEF”) today announced the final closing of its third private equity fund, Waterous Energy Fund III (“Fund III” or “the Fund”) at the stated target of C$1.4 billion (~US$1 billion). For Fund III, WEF will continue to pursue its value-based investment strategy in the Canadian oil and gas sector. WEF … Read more
The “Buy Canadian” movement is sending new ripples of concern through the executive offices of U.S.-based consumer companies that banked on selling their products on Canadian retail shelves.California-based diaper maker Parasol Co had been working since January with a distributor to expand the sale of its diapers and baby wipes to new retailers in Canada, … Read more
Summary • Trump, mad at Putin, threatens tariffs on buyers of Russian oil • Market would look for OPEC response to any drop in Russian supply, analysts say (Reuters) – Oil markets rose on Monday after U.S. President Donald Trump threatened to hit buyers of Russian oil with tariffs, although gains were muted as traders … Read more
Summary • Oil prices steady, reversing earlier session losses • Trump warns imposing secondary tariffs on Russian oil buyers • Trump threatens Iran with bombing along with further tariffs March 31 (Reuters) – Oil prices held steady on Monday as investors adopted a cautious, wait-and-see stance after U.S. President Donald Trump threatened to impose secondary … Read more
Most investors knew things could turn turbulent this year given U.S. President Donald Trump’s return to power in the world’s biggest economy and financial market, but few predicted the kind of a rodeo ride it has been so far. Scan the surface and world stocks are almost where they started the year, while volatility gauges … Read more
U.S. President Donald Trump threatened Iran on Sunday with bombing and secondary tariffs if Tehran did not come to an agreement with Washington over its nuclear program. In Trump’s first remarks since Iran rejected direct negotiations with Washington last week, he told NBC News that U.S. and Iranian officials were talking, but did not elaborate. … Read more
U.S. President Donald Trump said on Sunday he was “pissed off” at Russian President Vladimir Putin and will impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. Trump told NBC News he was angry after Putin last week … Read more
The ISA Edmonton Section Automation Expo & Conference (AEC) is set to return to the Edmonton Expo Centre on April 9-10, 2025, bringing together industry leaders, innovative technologies, and automation experts from across Canada. As Canada’s largest automation event, AEC draws professionals from key industries, including Oil & Gas, Chemical & Petroleum, Power, Water & … Read more
By: Tegan Hill-Fraser Institute With the tariff war continuing and the federal election underway, Canadians should understand what the last federal government seemingly did not—a strong Alberta makes for a stronger Canada. And yet, current Next Federal Government Should Recognize Alberta’s Important Role in the Federation The list includes Bill C-69 (which imposes complex, uncertain … Read more
Mi’kmaw chiefs in Nova Scotia say they are considering legal action against newly passed provincial legislation that opens the door to hydraulic fracturing for natural gas.
In a statement, the Assembly of Nova Scotia Mi’kmaw Chiefs says it is consider…
Resource Works explores the economic effects of carbon taxation, focusing on British Columbia as a case study. We challenge the assumption that carbon taxes significantly lower fuel use and attributes economic outcomes to broader factors like housing investment. By Resource Works More News and Views From Resource Works Here
By Canada Powered by Women For years, companies have tried to build the infrastructure needed to move Canadian oil and gas across the country and to sell to global markets. Billions of dollars have been invested in projects that never materialized, stuck in regulatory limbo, weighed down by delays, or cancelled altogether. The urgency of … Read more
Spoiler alert – we are a top 5 producers of both By William Lacey Some days I feel like I am just yelling into the wind. It seems that every day I hear more calls that Canada needs to transition away from primary energy (oil and natural gas, specifically) and pivot into the “new economy.” … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 592 in … Read more
By Jim Warren If the stars fail to align in our favour and voters from Central Canada and the Maritimes reelect a Liberal government on April 28, it will stand as a tragic rejection of the aspirations of the oil producing provinces and a threat to national cohesion. As of today Mark Carney has not … Read more
March 27, 20254:00 AM CNW Momentum builds for a national product-agnostic utility corridor as business leaders say it’s time for megaproject infrastructure CALGARY, AB, March 27, 2025 /CNW/ – Amid a proliferating trade war with the U.S., 80 per cent of Canadian energy and natural resources CEOs are confident they can withstand a sustained tariff war, but they are pressing … Read more
The Canadian economy was off to a solid start in January but early signs suggest growth stalled in February amid harsh winter weather and the looming threat of tariffs.
Statistics Canada said Friday that real gross domestic product rose 0.4 per cent i…
On March 23, the 45th Canadian federal election began. Election Day is April 28th. As a non-partisan organization, the Atlantica Centre for Energy observes government regulations and policies and provides unbiased feedback on how such decisions could impact Atlantic Canada’s energy sector. With the federal election underway, the Centre believes it is important for the public to … Read more
By: Jason Clemens and Milagros Palacios U.S. tariffs on Canadian goods and services, their potential economic impact on both countries and the historic fracturing of Canada-U.S. relations will likely dominate this federal election campaign. At the heart of this issue is President Trump’s view of both international trade and tariffs. Unfortunately for everyone, Trump’s understanding and knowledge of both have some … Read more
Summary • U.S. LNG capacity could double in the next decade • Investment firms signal future growth in Haynesville with new funds • Operators cautious due to past price volatility and high breakeven costs HOUSTON, March 28 (Reuters) – U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana’s Haynesville … Read more
Summary • US set to impose reciprocal tariffs on wide range of imports • Weekly gains due to US pressure on Venezuela, Iran • Q2 seen tighter than previously forecast – analyst (Reuters) – Oil prices fell on Friday on worries that U.S. tariff wars could spark a global recession, but gained for a third … Read more
By Tim Boersma and Gautam Jain March 28 – The Trump administration’s broad policy goal of achieving “energy dominance” may run into headwinds in the country’s largest export market, the European Union, due to new methane regulations. While European Commission President Ursula von der Leyen has indicated that the EU may be willing to import … Read more
Canada will wait until next week to strike back against the latest U.S. threat of tariffs and nothing is off the table regarding possible countermeasures, Prime Minister Mark Carney said on Thursday. Carney, warning Canadians that tough times lay ahead, also lamented what he said was the end of a long, mutually beneficial economic and … Read more
Prime Minister Mark Carney killed the consumer carbon levy as one of his first acts upon taking office earlier this month. As of April 1, the price everyday Canadians pay for emissions is to be set at $0.
Here is what consumers can expect:
Fuel
Patr…
Summary • Brent, WTI up over 2% this week • Support from Washington pressure on Venezuela, Iran • U.S. tariff war continues to weigh on prices (Reuters) – Oil prices were set for a third weekly gain on Friday as the U.S. ramped up pressure on Venezuela and Iran, though worries over whether Washington’s tariff … 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
(Reuters) – China’s Rongsheng Petrochemical, a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy, trade sources said. Rongsheng, China’s largest independent refiner with capacity of 40 million metric tons per year or 800,000 barrels per day, has become a regular … Read more
Tesla has boasted about its U.S. credentials, saying in a post on X that its models ‘are the most American-made cars’ Bloomberg News Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for United States consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla … Read more
March 27 (Reuters) – Suncor Energy Inc (SU.TO) on Thursday reported it was responding to an incident involving the St. Clair River near its 85,000-barrels-per-day refinery in Sarnia, Ontario, according to a community alert. St. Clair Township reported “there has been a spill to St. Clair river that could result in unsafe water conditions.” Reporting … Read more
By Kate Abnett BRUSSELS, March 27 (Reuters) – The European Commission is considering changes to EU energy laws as part of its next package of proposals to cut the regulatory burden for struggling industries, sources familiar with the matter told Reuters. Brussels has launched a drive to remove layers of bureaucracy that European businesses say … Read more
By Shariq Khan and Georgina Mccartney Slowest Permian oil output growth forecast since pandemic Permian slowdown in contrast to Trump’s ‘drill, baby, drill’ mantra Gas and water output rises as the field ages, increasing costs Gas-to-oil ratio rises as gas output up eight-fold in past decade Water-to-oil ratio already high at Permian’s core, even higher … Read more
Oilfield service providers will face modest hits to earnings from U.S. President Donald Trump’s decision to impose tariffs on steel imports, Liberty Energy Chief Executive Ron Gusek said on Thursday. Trump imposed 25% tariffs on steel and aluminum on March 12, and more could be coming April 2. A Dallas Federal Reserve survey on Wednesday … Read more
New Brand Supports Strategy Pivot and Corporate Identity CALGARY, Alberta, March 27, 2025 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to announce its intention to change its name to Cavvy Energy Ltd., and will seek shareholder approval for the change at its upcoming Annual and Special Meeting of Shareholders on May … Read more
By Stephanie Kelly and Enes Tunagur Markets mixed on impact of Trump auto tariffs Tariffs on Venezuelan oil buyers still supporting prices Prices unlikely to return to early 2025 highs, some analysts say NEW YORK, March 27 (Reuters) – Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with … Read more
(The opinions expressed here are those of the author, a columnist for Reuters) *WCS discount narrows to lowest since late 2020 *Traders discount chance of new U.S. tariffs on Canada *Canadian crude benefits from U.S. actions against Venezuela By Ron Bousso LONDON, March 27 – Canadian oil producers selling crude to U.S. refiners are enjoying … Read more
CALGARY, AB, March 27, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) has filed its consolidated financial statements and Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2024. Fourth Quarter 2024 Highlights Consolidated net loss attributable to shareholders was $3.3 million during the fourth quarter of 2024, compared to a net loss attributable … Read more
President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week. Details of the plan, set to upend autos trade and supply chains were still being made public by the administration on … Read more
Summary • Tariffs on Venezuelan oil buyers remain supportive of prices • Markets mixed on impact of Trump auto tariffs • Prices seen unlikely to return to early 2025 highs, some analysts say (Reuters) – Oil prices were steady on Thursday as markets assessed new U.S. tariffs, while concerns about global supply kept prices near … Read more
By: Jake Fuss and Grady Munro Canadians will head to the polls on April 28 after Prime Minister Mark Carney called a snap federal election on Sunday. As the candidates make their pitch to try and convince Canadians why they’re best-suited to lead the country, Trump’s tariffs will take centre stage. But while the tariff … Read more
By Ron Bousso Oil majors cut spending, boost shareholder returns amid uncertainty Exxon Mobil bucks trend with increased spending, production plans Peak demand narrative persists despite geopolitical energy shocks LONDON, March 26 – Top oil and gas companies are losing confidence in the outlook for their core businesses. Recent strategy updates by leading European and … Read more
(Reuters) – Activity in the U.S. oil and gas sector increased slightly in the first quarter of 2025, but uncertainty and pessimism among companies also rose, a Dallas Fed survey showed on Wednesday. U.S. President Donald Trump has promised to unleash U.S. energy dominance, declaring a national energy emergency on his first day in office. … Read more
Q&A with Mike Verney, executive vice-president, McDaniel & Associates By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Northern Lights, aurora borealis, make an appearance over pumpjacks near Cremona, Alta., Thursday, Oct. 10, 2024. CP Images photo New analysis commissioned by the Alberta Energy Regulator has … Read more
By Emma Sanchez Shale-oil executives assailed President Donald Trump’s trade policies in an anonymous survey, saying his barrage of tariffs were sowing confusion and undermining his goal to unleash America’s energy might. “The administration’s chaos is a disaster for the commodity markets,” one executive said in the report released Wednesday by the Federal Reserve Bank … Read more
CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2024 and to provide 2024 year end reserves information as evaluated by Insite Petroleum Consultants Ltd. (“Insite”). The Company’s … Read more
(Reuters) – The Army Corps of Engineers will complete as soon as next week its revised list of energy projects that could be fast-tracked under President Donald Trump’s declaration of a national energy emergency, a U.S. Army Corps official told Reuters. The Army Corps, a federal engineering service with permitting authority over projects involving wetlands … Read more
Two workers were assessed for minor injuries following a fire at the Co-op Refinery Complex in Regina.
Federated Co-operatives Ltd. says the blaze has been contained.
It says it does not know the cause of the fire and will provide more information on…
Summary Brent, WTI trading near three-week highs Trump press on Venezuelan, Iranian oil fans bullish sentiment Russia, Ukraine agree to sea, energy truce Coming up: US EIA data on crude inventories at 1030 EDT (Reuters) – Oil prices edged higher on Wednesday as concerns about tighter global supply grew following the U.S. threat of tariffs … Read more
By Bjørn Lomborg Global evidence is clear: Adding more solar and wind to the energy supply pushes up the price of electricity for consumers and businesses. Families in Ontario know this already from their bitter experience: from 2005, the Ontario government began phasing out coal energy and dived headlong into subsidizing wind and solar generation. Those green … Read more
CALGARY, AB, March 25, 2025 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company“) announces that in January 2025 Clearview formed a special committee of independent directors (the “Special Committee“) to review alternatives to enhance and/or maximize shareholder value. The strategic review being undertaken aims to consider all options that are in the best interests of the Company while exploring opportunities … Read more
By: Ross McKitrick Reforming Canada’s Environment Ministry and Federal Environmental Policy With the start of a new Trump administration in the US and the prospects of a change in government in Canada, it is time for a reassessment of how Canada manages its environment and climate change portfolios. The US has swung dramatically in the … Read more
Mexican state energy company Pemex is actively looking to diversify its market for both motor fuel imports and crude oil exports, the head of its international trading unit PMI said on Tuesday. “If new opportunities in other markets open, we’ll pursue them and are pursuing them,” PMI Chief Executive Officer Margarita Perez said during a … Read more
CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Service Rig Update Prospera Energy completed a total of thirty-two workovers and reactivations in Q1 2025 before releasing service rigs for spring break-up on March 20th. This included sixteen service rig jobs in Hearts Hill, eleven jobs in … Read more
Mizuho cuts EOG Resources to “neutral” from “outperform”, PT by $8 to $140, still a 9.2% upside to last close Says a key concerns is depth and quality of EOG’s remaining shale inventory, esp in oil-focused basins like Delaware, Eagle Ford Adds cash margins per barrel seems to be declining due to higher cash taxes, … Read more
As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda. Oil and gas exports are a key revenue source for Moscow and the sector has been subject to Western sanctions since 2014, when Russia … Read more
By Mitchell Ferman and James Herron Shell Plc said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas. The London-based energy giant will expand LNG sales, the key driver of profit growth in recent years, by 4% to 5% annually … Read more
CALGARY, AB, March 25, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) is pleased to announce the successful closing of the previously announced sale of its Brazeau River Complex roadway network (the “BRC Roadway Network”) to Canadian Resource Roadways LP (“CRR”) for total proceeds of $24 million (the “Transaction”). Of the $24 million in total proceeds, $22.5 million was … Read more
An LNG tanker is expected to arrive in Canada on April 1 to start cooling down LNG Canada’s plant in Kitimat, British Columbia, considered the final step before the plant begins production of the superchilled gas. “The delivery is expected in early April and is critical to our safe start-up and commissioning process now underway, … Read more
• Brent and WTI up 0.4% after gaining 1% on Trump tariffs • Trump says any country buying Venezuelan oil will face a 25% tariff • OPEC+ likely to raise oil output for a second month in May (Reuters) – Oil prices rose on Tuesday for a fifth day on concerns global supply will tighten … Read more
By: Elmira Aliakbari and Kevin Chan Energy Costs and Canadian Households: How Much Are We Spending? 2025 Edition This study examines energy spending by Canadian households and the extent of energy poverty, defined as households spending at least 10% of their total expenditures on energy goods. Between 2019 and 2021, Canadian households spent approximately two … Read more
When Canada’s big banks left the Net Zero Banking Alliance earlier this year, they assured they could push on reducing emissions without the help of the international climate coalition launched in 2021 by Mark Carney, now Canada’s prime minister.
But…
The Crown corporation’s website says the change would cover Tesla chargers, batteries and inverters The Canadian Press Rebate data from Transport Canada’s zero-emission vehicle program suggests about 33,000 Teslas received rebates for new purchases in the nine months ending Dec. 31 Nova Scotia has become the latest province to scrap electric vehicle (EV) rebates for … Read more
The Liberal government – with Mark Carney as a key insider – brought in multiple laws hostile to Alberta’s oil and gas industry. That includes “greenwashing” legislation which inhibits companies (in all industries) from discussing their environment goals and record; and a proposed emissions (production) cap on O&G emissions (which new Environment Minister Terry Duguid reaffirmed is still planned … Read more
The Liberals’ economic record while in power indicates they don’t believe in what they’re promising and will abandon most if not all of it if re-elected If Mark Carney and the Liberals are best equipped to take on U.S. President Donald Trump in a tariff war, why have they stolen their election platform from Pierre … Read more
Goldman Sachs on Monday said it expects non-OPEC+ output growth to slow by about 0.3 million barrels per day (mb/d) over a 12-month period for every $10 per barrel decline in oil prices when Brent crude is above $70. The Wall Street bank estimates 2026 non-OPEC+ supply growth to decrease from 1.05 mb/d to … Read more
For but Conservative Leader Pierre Poilievre to win, he’ll need to convince voters this election is about more than Donald Trump Brian Lilley On Sunday, Conservative Leader Pierre Poilievre got the one thing he’s been calling for repeatedly – an election. It won’t be the campaign Poilievre has been envisioning over the past several months, … Read more
By: Kenneth P. Green According to a new report from the Parliamentary Budget Officer (PBO), the federal government’s proposed oil and gas emissions cap will curtail production, cost a not-so-small fortune and kill a lot of jobs. This news will surprise absolutely no one who’s been paying attention to Ottawa’s regulatory crusade against greenhouse gases over the … Read more
Calgary, Alberta–(Newsfile Corp. – March 24, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce the results of its year-end independent oil and gas reserves evaluation as of December 31, 2024 (the “Deloitte Report“), as prepared by its independent qualified reserves evaluator, Deloitte Canada LLP (“Deloitte“), and an operations update on … Read more
CALGARY, Alberta, March 24, 2025 (GLOBE NEWSWIRE) — PrairieSky will release its Q1 2025 results on Monday, April 14, 2025 after markets close. The news release detailing PrairieSky’s Q1 2025 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR+ at www.sedarplus.com. … Read more
(Reuters) – U.S. President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States. This “secondary tariff” will take effect on April 2, Trump said in a Truth Social post. Trump said he is imposing the move … Read more
(Reuters) – Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s – which contributed to the downfall of the Soviet Union. The warning came weeks before Russian and U.S. Presidents … Read more
OTTAWA, ON: The Canadian Taxpayers Federation applauds Conservative Party Leader Pierre Poilievre’s income tax cut, which will save a two-income family up to an estimated $1,800. “Poilievre is providing significant tax relief for people working hard to make ends meet,” said Franco Terrazzano, CTF Federal Director. “The best way the government can make life more affordable … Read more
Jordon Kosikowie has been thinking a lot about what would happen if Alberta joined the United States.
The 35-year-old works in the oil and gas industry in the Edmonton area and says life has been hard in recent years. So he’s open to the idea if it br…
In the petrochemical industry, where precision and reliability are critical, unexpected sensor failures can lead to costly downtime, product inconsistencies, and operational inefficiencies. Traditional maintenance methods often rely on fixed schedules or reactive replacements, which can result in excessive labor costs and unnecessary disruptions. For Mitsubishi Chemical Corporation, this challenge was particularly pressing at their … Read more
Prime Minister Mark Carney confirmed Friday that his government would keep the emissions cap on oil and gas production in place if elected — but would fast-track investments in carbon capture to meet those emissions targets.
Speaking to reporters in O…
At Muddy Boots, we don’t just deliver software – we deliver expertise. What makes us stand out in the oil and gas software industry isn’t just our innovative technology; it’s the real-world experience our team brings to the table. Our staff aren’t just developers and support specialists, they’re professionals who have walked in your shoes, … Read more
By Steven Globerman What the History of Technological Change Tells Us About the Likely Economic Consequences of Artificial Intelligence Artificial Intelligence (AI) is an emerging General Purpose Technology (GPT). That is, it is an innovation that can be used for many activities across different industries and sectors and can be expected to have a major … Read more
Summary • Benchmarks record highest weekly gains since early January • Fresh US sanctions on Iran include Chinese independent refiner • Prices also supported by latest OPEC+ production plans (Reuters) – Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan … Read more
Carney keeping cap on Alberta’s oil and gas sector PBO: Energy cap costing $20 billion LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on the Carney government to remove its cap from Alberta’s oil and gas sector. “Taxpayers are already losing out on billions of dollars in savings per year because Canada doesn’t have a fully … Read more
A day after threatening a national unity crisis, Premier Danielle Smith says she would strike a panel to poll Albertans on what to do if her list of demands is ignored.
Smith, facing repeated questions from reporters in Calgary about how far she’d be …
Alaska LNG is a direct threat to Canadian natural projects, and Ottawa must step up to protect the industry from the America First agenda By Resource Works More News and Views From Resource Works Here Canada’s LNG industry is at a fork in the road. The US is pushing a $44 billion USD Alaska LNG project and … Read more
Sunday, March 23, 2025 Taxpayers Federation welcomes tax cut day one of election campaign OTTAWA, ON: The Canadian Taxpayers Federation welcomes Liberal Party Leader Mark Carney’s income tax cut and is calling on all party leaders to commit to further tax cuts and to find savings in the budget. “Letting Canadians keep more … Read more
Summary • Benchmarks record highest weekly gains since early January • Fresh US sanctions on Iran include Chinese independent refiner • Prices also supported by latest OPEC+ production plans (Reuters) – Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan … Read more
By: Ross McKitrick Conservative Leader Pierre Poilievre is very concerned about financial conflicts of interest that Prime Minister Mark Carney may be hiding. But I’m far more concerned about the one out in the open; namely that while Carney is supposed to act for the good of the country he’s lobbied to defund and drive out of … Read more
Conservative Leader Pierre Poilievre made his second election campaign-style announcement in as many days Thursday, just as news broke that Prime Minister Mark Carney is widely expected to begin the race on Sunday.
Poilievre was in Jonquière, Que., to…
By Irina Slav In 2016, several environmentalist organisations ignited a massive protest against a pipeline project in North Dakota. Some 100,000 people descended on a tiny town in the state, overran it and left it with a bill of $38 million for policing the protests and cleanup. Because they’re environmentalists, you see, and when environmentalists litter, it … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three 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 one to 593 in the week to March … Read more
(Reuters) – The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, the White House said on Friday. The framework will “substantially increase the UAE’s existing investments in the U.S. economy” in AI infrastructure, semiconductors, energy, and manufacturing, … Read more
(Reuters) – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of … Read more
Ottawa says it is contributing up to $200 million toward the Cedar LNG project on the northern B.C. coast.
The money is coming through the Strategic Innovation Fund, which falls under the Innovation, Science and Economic Development ministry.
The fl…
CALGARY, AB, March 21, 2025 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce financial and operating results for the three and twelve months ended December 31, 2024 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2024, prepared by GLJ Petroleum Consultants Ltd. (“GLJ“). The Company … Read more
Initiative is set to be the largest Indigenous majority-owned infrastructure project in Canada OTTAWA, ON, March 21, 2025 /CNW/ – The Government of Canada understands the importance of diversifying Canada’s export market opportunities, supporting Indigenous economic reconciliation objectives and ensuring development is aligned with our climate and environmental goals. Supporting large-scale innovative projects will position Canada for a cleaner and stronger economy—and when done … Read more
VANCOUVER, BC, March 21, 2025 /CNW/ – More than 20 per cent of households in Canada earning less than $55,000 experience energy poverty, meaning they spend ten per cent or more of their household budget for electricity, home heating fuel and gasoline, finds a new report published today by the Fraser Institute, an independent, non-partisan … Read more
March 20, 2025 8:00 AM EDT | Source: Enterprise Group Inc. St. Albert, Alberta–(Newsfile Corp. – March 20, 2025) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) … Read more
Alberta’s government is proposing a law it says would ban federal employees from going on any oil-related sites — from wellheads to corporate head offices – but the NDP says it’s an illegal and performative distraction.
Premier Danielle Smith says th…
CALGARY, Alberta, March 20, 2025 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX:CDR), a Canadian based, internationally focused energy transition company focused on Central Asia is pleased to announce the release of its audited consolidated financial statements for the years ended December 31, 2024 and 2023, together with the related management’s discussion … Read more
Alberta Premier Danielle Smith says that in her first face-to-face meeting with the new prime minister she gave him an earful on wildfires and oil sales and warned him national unity hangs in the balance.
“I provided a specific list of demands the nex…
U.S. Secretary of the Interior Doug Burgum and U.S. Secretary of Energy Chris Wright speak with members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. REUTERS/Kent Nishimura WASHINGTON, March 20 (Reuters) – U.S. Interior Secretary Doug Burgum on Thursday announced steps to open up … Read more
‘I see energy security as a balance. We need all of the above, including oil and gas’ By Will Gibson Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter In January, Dave Barton, Mayor of Uxbridge Township (second from left) along with Ontario Minister of Finance Peter Bethlenfalvy, Minister … Read more
(Reuters) – Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply. Brent crude futures climbed 42 cents, or 0.6%, to $72.40 per barrel by … Read more
By Jennifer A Dlouhy Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with President Donald Trump on Wednesday, Interior Secretary Doug Burgum said. The more than hour-long session brought Trump, an unabashed champion of American oil and gas might, face to face with more … Read more
By Alex Lawler and Ahmad Ghaddar New schedule for 7 members to make compensation output cuts Plan represents monthly cuts of between 189,000 and 435,000 bpd Cuts scheduled to last until June 2026 LONDON, March 20 (Reuters) – OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts … Read more
By Pavel Polityuk and Tom Balmforth Trump suggests the U.S. run Ukraine’s nuclear power plants Zelenskiy says leaders only discussed Zaporizhzhia plant Vast nuclear station would need years to come fully online Sources say proposal may be testing ideas as part of peace push KYIV, March 20 (Reuters) – Donald Trump’s idea of U.S. interests … Read more
A Mark Carney government will maintain the cap on emissions from the production of oil and gas, Environment Minister Terry Duguid said in a recent interview.
Under former prime minister Justin Trudeau, the Liberals promised in the 2021 election to cap…
TORONTO–(BUSINESS WIRE)–Superior Plus Corp. (“Superior” or “the company”) (TSX: SPB) announced today that Dale Winger will assume the role of President of Certarus. Dale will accelerate Certarus’ focus on optimizing the performance of its assets, while balancing a disciplined approach to growth with driving free cash flow. He replaces Natasha Cherednichenko, who made notable contributions … Read more
A deal to send Canadian green hydrogen exports to Germany is awaiting Ottawa’s final decision on funding and a verdict from European regulators on whether the project has adequate competition.
Canada and Germany made a big show of signing a hydrogen a…
Carney admits to potential conflicts of interest with Brookfield, expects ethics screen to apply Asked why he is not disclosing his assets proactively, Carney said that is a question that is for the ethics commissioner OTTAWA — Prime Minister Mark Carney said on Tuesday he expects to recuse himself from potential conflicts of interest related … Read more
(Reuters) – Oil prices were little changed on Thursday, as a higher-than-expected fuel inventories drawdown in the U.S and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures slipped 11 cents, or 0.16%, to $70.67 a barrel by 1038 GMT, while U.S. West Texas Intermediate crude (WTI) contract for April … Read more
Alberta’s energy minister says the government will never use public tax dollars to clean up abandoned oil and gas wells.
Brian Jean says it will never be an option, despite a newly leaked government-funded report listing recommendations for how Albert…
MARC ROSSITER STEPS DOWN AS PRESIDENT, CEO, AND DIRECTOR PREET DHINDSA NAMED INTERIM CEO REAFFIRMS 2025 OUTLOOK AND CONCURRENTLY ANNOUNCES EXPANSION OF DIRECT SHAREHOLDER RETURNS CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced that Marc Rossiter has stepped down as President, CEO, and … Read more
Achieved Pivotal Strategic Milestones While Reducing Costs, Growing Third-Party Volumes, and Proactively Managing Production Read More CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its fourth quarter and full year 2024 financial and operating results and year-end reserves. Pieridae generated Net Operating Income1 (“NOI”) of $64.6 … Read more
Greenpeace must pay a Texas-based pipeline company nearly $667 million in damages for the environmental advocacy group’s role in 2016-2017 protests against the Dakota Access Pipeline in North Dakota, a jury said Wednesday. The verdict in North Dakota state court came after two days of deliberations in a trial where pipeline company Energy Transfer accused … Read more
Alberta Premier Danielle Smith says plans for cleaning up abandoned or inactive oil wells are to be made public in two weeks.
She says public funding won’t be needed for the new initiatives, despite a draft government report leaked to media that expli…
British Columbia is taking a significant step toward a sustainable future with a new regulatory framework for hydrogen manufacturing By Resource Works More News and Views From Resource Works Here While hydrogen is hailed as a green and clean alternative to fossil fuels for many uses, progress has been slow around the world, and traditional … Read more
By Jake Fuss President Trump’s tariffs have prompted renewed interest among federal and provincial policymakers to remove interprovincial trade barriers in Canada to mitigate some of the economic damage. But whatever happens with U.S. policy, with a new prime minister and a federal election looming, trade liberalization within our provincial borders is long overdue. For … Read more
Premier Danielle Smith and Minister of Energy and Minerals Brian Jean issued the following statement on industry group “Build Canada Now” calling on federal party leaders to call an energy crisis and prioritize energy projects: “Alberta’s energy sector has long been the economic engine of Canada and has never been more critical to Canadian … 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
Susan McArthur: Canada is now among the top 10 countries with natural gas reserves. It’s time to take advantage of that By Susan McArthur Canadians are starting to understand the Americans ate our breakfast, lunch and dinner when it comes to selling liquefied natural gas (LNG) on the global market while simultaneously undermining our national … Read more
(Reuters) – U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy Information Administration showed on Wednesday. U.S. crude oil imports from top supplier Canada also fell last week to a two year low of 3.1 million … Read more
OTTAWA, ON: The Canadian Taxpayers Federation applauds Conservative Party Leader Pierre Poilievre’s promise to end all carbon taxes, including the industrial carbon tax, if he becomes prime minister. “Poilievre is right to oppose the hidden industrial carbon tax that makes everything more expensive and costs Canada jobs,” said Franco Terrazzano, CTF Federal Director. “Canadian businesses are … Read more
Calgary, Alberta–(Newsfile Corp. – March 19, 2025) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce it has entered into a new lending relationship with a Canadian Chartered bank. Journey has secured a new credit facility with a Canadian Chartered Bank, for up to $55 million consisting of … Read more
CALGARY, AB, March 19, 2025 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) announces its financial and operating results for the fourth quarter and year ended December 31, 2024, the results of the 2024 year end reserves evaluation, and provides an operations update. Selected financial and operational information set out below should be read in conjunction with … Read more
Here’s how BYD’s Super e-Platform stack up against the competition Chinese automaker BYD Co. is turning heads with claims that it’s developed an electric-vehicle (EV) platform it says will enable drivers to charge an EV in roughly the same time it takes to refuel a gasoline car. From “more features for no more price” and … Read more
(Reuters) – Vladimir Putin has edged closer to his goal of repairing Russia’s relations with the United States and driving a wedge between the U.S. and Europe, while offering only a slim contribution towards Donald Trump’s peace efforts in Ukraine. Before Tuesday’s long phone call between the two presidents, the U.S. side had said it … Read more
CEOs representing Canada’s energy industry released a letter to Canadian federal political leaders outlining an urgent action plan to strengthen Canadian economic sovereignty, through our energy industry. The open letter calls for a rapid, dramatic regulatory restructuring to enable investment in critical oil and natural gas infrastructure across Canada. OTTAWA, Ontario, March 19, 2025 (GLOBE … Read more
Vancouver, British Columbia–(Newsfile Corp. – March 19, 2025) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to announce highlights from its independent reserves evaluation (the “Reserve Report”), prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) and effective as at December 31, 2024. Hemisphere’s estimated 2024 capital expenditures1 of approximately $22 million grew … Read more
Trump’s determination to make oil cheaper may have some unintended consequences for gas sales abroad. Bloomberg News Welcome to Energy Daily, Bloomberg’s guide to the commodities markets powering the global economy. Today, US reporter Ruth Liao and Asia Energy Team Leader Stephen Stapczynski look at how the White House’s “drill, baby, drill” policy may have … Read more
(Reuters) – Tariff escalation and high spare capacity skew medium-term risks to Goldman Sachs’ oil price forecast to the downside, the bank said. “While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside … Read more
Summary • Ongoing Middle East turmoil limits oil price declines • API shows weekly US crude stocks rise, fuel inventories fall • US Fed’s interest rate verdict due later in the day (Reuters) – Oil prices edged lower on Wednesday after Russia agreed to U.S. President Donald Trump’s proposal that Moscow and Kyiv temporarily stop … Read more
Mobile users can click here to view the full original document on the CAPP website. The Case for Building The United States buys about 95% of Canada’s exported oil and 99% of our exported natural gas. The main reason for this overreliance on a single customer is that Canada doesn’t have the infrastructure in place … Read more
Whitecap Resources Inc. (“Whitecap”) and Veren Inc. (“Veren”) have announced a strategic combination for $15 billion. The result of this all-share merger is the creation of the largest landholder in Alberta’s Montney and Duverney regions, two of North America’s most important shale plays. In this article, XI Technologies uses AssetBook – the largest asset evaluation tool in the Western Canadian Sedimentary … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) was steady on Tuesday. * WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, unchanged from Monday. * The differential between Canadian heavy crude and WTI … Read more
A group of energy sector chief executives is calling on the leaders of the four federal political parties to declare a Canadian energy crisis and use emergency powers to help speed the development of key projects in the “national interest.”
In an open…
Fossil exporters’ status will dwindle from the shift to clean power. By David Fickling The electrons coursing through our grids, turbines and engines are invisible to the human eye, but without them, all the machinery that powers our industrial economy would grind to a halt. Unseen flows of energy drive international relations, too. What’s often … Read more
By Jim Warren A minority Liberal victory in our upcoming federal election has the potential to take anti-Ottawa sentiment on the prairies to a whole new level. That’s because a Carney government can be expected to frustrate the legitimate aspirations of millions of Western Canadians. It’s what Liberals do. Obviously, one of the most pressing … Read more
Alberta Premier Danielle Smith is defending a nearly 23 per cent increase to her office’s budget, saying it’s coming at the expense of the Energy Ministry as her office assumes some formal and financial responsibility for promoting the province’s oil …
March 18 (Reuters) – HSBC expects the oil market to be in a surplus in 2025 and 2026 due to strong supply and sluggish demand growth, the bank said in a note on Tuesday. The bank said that it expects a surplus of 200,000 barrels per day this year, revising its a previous forecast of … Read more
Canadians can expect to feel the absence of the consumer carbon price at the pumps immediately but it may take longer to notice a difference in the price of other goods, a new report released Wednesday suggests.
The analysis by Desjardins Economics co…
CALGARY, AB, March 18, 2025 /PRNewswire/ – Parkland Corporation (“Parkland” or the “Company”) (TSX: PKI) today is pleased to announce the appointment of Felipe Bayon and Sue Gove to its Board of Directors (the “Board”), effective March 18, 2025. These appointments reinforce the Company’s commitment to strong corporate governance by adding two highly experienced c-suite … Read more
Parkland Corp. has named two new independent directors as an activist investor calls for an overhaul of its board.
The Calgary-based fuel refiner and retailer, which is considering putting itself up for sale, has named Felipe Bayon and Sue Gove to it…
ALBERTA – March, 2024 – Young Women in Energy (YWE) is proud to announce the recipients of the 2024 YWE Awards! These ten inspirational women are paving the way for the next generation of leaders and are shaping the future of Alberta’s energy industry. Since 2014, YWE’s Awards Program has highlighted over 100 women’s invaluable … Read more
A shareholder in Parkland Corp. is demanding a board shakeup as the Calgary-based fuel refiner and retailer looks into putting itself up for sale.
Engine Capital LP, the New York activist hedge fund that owns 2.5 per cent of Parkland’s stock, said in…
(Reuters) – Oil prices rose more than 1% on Tuesday to their highest levels since the beginning of the month, supported by instability in the Middle East and China’s plans for more economic stimulus. Brent futures climbed 84 cents, or 1.2%, to $71.91 a barrel by 0911 GMT, while U.S. West Texas Intermediate crude futures … Read more
A bill that gives such sweeping powers to the premier in the name of economic security has to include the resource sector By Resource Works More News and Views From Resource Works Here The BC government is making waves with its new bill, the Economic Stabilization Act or Bill 7. Premier David Eby introduced it … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Monday. * WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, after having settled at $10.40 under the U.S. benchmark on Friday. * The differential … Read more
Clean Electricity Regulations put Alberta grid at risk for ‘minimal emissions reductions’ By Cody Ciona Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta is at risk of power outages by the mid-2030s as a result of the federal government’s Clean Electricity Regulations (CER), says a new report by the Alberta … Read more
Some Nova Scotia environmental advocates and physicians told a legislature committee today that a government bill opening the door to uranium exploration and fracking is dangerous and should be scrapped.
The proposed legislation would repeal the exist…
By: Kenneth P. Green At a recent energy conference in Houston, U.S. Energy Secretary Chris Wright said the Trump administration will end the Biden administration’s “irrational, quasi-religious policies on climate change that imposed endless sacrifices on our citizens.” He added that “Natural gas is responsible for 43 per cent of U.S. electricity production,” and beyond the obvious … Read more
Readers are advised to review the “Presentation of Reserves and Other Oil and Gas Information” and “Non-GAAP and Other Financial Measures” at the conclusion of this news release for information regarding the presentation of the reserves information, as well as certain oil and gas metrics, and certain financial measures that do not have standardized meaning … Read more
Singh’s party down to single digits as left of centre voters stampede away from the NDP March 17, 2025 – A whirlwind first quarter of 2025 has swept up Canadian politics and tossed it back down in an unrecognizable jumble. New data from the non-profit Angus Reid Institute finds the governing Liberal Party – led by … Read more
(Reuters) – Talks to revive the Nord Stream gas pipelines to relaunch Russian gas flows to Germany would be “completely the wrong direction” to go, Germany’s economy and energy minister said on Monday. The Nord Stream pipelines are by far the biggest potential route for Russian gas to flow to Europe. The Nord Stream 1 … Read more
Once the United States has imposed tariffs on its major trading partners it could engage in bilateral talks with countries on new trade arrangements, Secretary of State Marco Rubio said on Sunday. U.S. President Donald Trump threatened on Thursday to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a … Read more
Summary • US vows to hit Houthis until shipping attacks stop • China retail sales pick up • Trump says he will speak to Putin on Tuesday about Ukraine war (Reuters) – Oil traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on … Read more
EV maker signals concern over potential retaliatory moves by other countries as a trade war escalates Bloomberg News Tesla Inc. is signalling concern over potential retaliatory moves by other countries as a trade war escalates in the wake of President Donald Trump’s moves to impose tariffs on a wide range of imports. The electric-car maker … Read more
Industry growing uneasy about falling crude prices and tariff uncertainty Bloomberg News President Donald Trump is set to meet with top oil executives at the White House this week as he charts plans to stoke domestic energy production, even as the industry grows uneasy about falling crude prices and tariff uncertainty. The encounter is set … Read more
March 14 (Reuters) – Barclays on Friday lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand outlook amid elevated economic uncertainty. Brent crude futures were trading around $70 a barrel on Friday, after settling 1.5% lower in the previous session. U.S. West Texas Intermediate crude … Read more
Boilers are essential in oil & gas, refining, and power generation facilities, playing a critical role in maintaining process efficiency. However, unexpected failures can cause unplanned downtime, production losses, and costly repairs. Facilities that implement proactive boiler maintenance programs have seen significant improvements in system uptime and overall efficiency. A common boiler system upgrade is … Read more
As the leading oil and gas producer in Colorado’s Denver-Julesburg (DJ) Basin, Chevron continues to set industry benchmarks in methane emission reduction through its commitment to technological innovation and environmental stewardship. A key milestone in Chevron’s sustainability journey is its collaboration with Kathairos Solutions, an industry leader in well site methane elimination technology. Chevron’s extensive … Read more
Geospatial data has become an indispensable tool in land planning for the energy sector. The need for comprehensive, precise, and up-to-date information is paramount. While free sources like Google Maps provide some insights, relying solely on them is risky and may lead to suboptimal decisions. Whitestar by ESG ParcelsHD+ offers access to over 350 data … Read more
See Original Article in National Post and More Here ‘A lot of Albertans are feeling like a huge weight has been lifted,’ said Heather Exner-Pirot “We continue to see policies from him that are devastating to the economy and jobs across Canada.” Schulz said she hoped to see Guilbeault left out of new Prime Minister … Read more
‘We’re Texas-sized as far as gas goes; we’ve got some big numbers’ — Alberta Energy Minister Brian Jean Meghan Potkins Originally Published in Financial Post Here Alberta’s proven natural gas reserves have increased nearly sixfold to 130 trillion cubic feet since they were last assessed, according to a new study, giving Canada’s oilpatch leaders something … Read more
Canada must not allow ideological dogma and indecision to squander a rare chance to lock in our energy sovereignty for good. By Resource Works More News and Views From Resource Works Here Canada teeters on the edge, battered by a trade war and Trump’s tariff threats from its once-steady southern ally, yet held back by … Read more
Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to develop, executives detailed during the CERAWeek conference in Houston. AI took center stage in many sessions at the world’s largest energy gathering. Oil producers are seeking ways … Read more
Despite calling for its demise for years, Alberta Premier Danielle Smith says she isn’t fazed by the new prime minister’s move to kill the consumer carbon levy.
On Friday — moments after news broke that Prime Minister Mark Carney had eliminated the pr…
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed again on Friday. * WCS for April delivery in Hardisty, Alberta, settled at $10.40 a barrel under WTI, according to brokerage CalRock, after having settled at $10.65 under the U.S. benchmark on Thursday. * The … Read more
OTTAWA, ON: The Canadian Taxpayers Federation is applauding Canadians for winning the fight against the consumer carbon tax. “Ordinary Canadians deserve all the credit for pushing the government to end the consumer carbon tax, which will save people a lot of money every time they pay their heating bill or fuel up their car,” said … Read more
By: Bjørn Lomborg Nearly half of young Canadians surveyed in a 2022 study said they believed humanity is doomed because of climate change, while more than three-quarters said they were frightened. No wonder. They have grown up bombarded both by footage of natural disasters, not just in Canada but around the world, and by activists’ … Read more
By David Wethe and Alix Steel Harold Hamm, the billionaire wildcatter and a major donor to President Donald Trump, has challenged a claim from the new US energy secretary that domestic oil companies could increase production even at prices as low as $50 a barrel. Hamm’s words represent one the first signs of public push-back … Read more
Canadians will still receive a final rebate in April, Carney says By Darren Major Prime Minister Mark Carney signed an order-in-council ending the consumer carbon tax on his first day in office. (Adrian Wyld/The Canadian Press) Original: www.cbc.ca/news/politics/mark-carney-drops-carbon-tax-1.7484290 Prime Minister Mark Carney wasted little time in removing a potent point of attack for the Conservatives … Read more
(Reuters) – Exports of liquefied natural gas from Alaska could begin by 2030 or 2031, Alaska Governor Mike Dunleavy said on Friday. U.S. President Donald Trump talked up the proposed $44 billion Alaska LNG project in his address to Congress last week. The project is expected to deliver about 3.5 billion cubic feet of gas … Read more
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged, 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, was steady at 592 in the week to March 14.. Baker Hughes … Read more
Summary • Putin suggests changes to US ceasefire idea for Ukraine • IEA says supply to exceed demand by 600,000 bpd in 2025 • US oil rig count up one this week, Baker Hughes says NEW YORK, March 14 (Reuters) – Oil prices rebounded by 1% on Friday to end the week nearly unchanged as … Read more
By Randy Thanthong-Knight Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US. The former governor of the Bank of Canada and the Bank of England was officially installed as Canada’s leader at a ceremony in … Read more
The chief executive of oilfield services provider Calfrac Well Services has abruptly resigned a day after the company reported a quarterly loss.
Calgary-based Calfrac says Pat Powell has also resigned from the board of directors and the company is lo…
CALGARY, Alberta, March 14, 2025 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX:CFW) announces that Pat Powell has resigned as Chief Executive Officer and a director of Calfrac effective immediately. The Board would like to thank Pat for his many contributions to the Company over the last three years and wish … Read more
CALGARY, AB, March 14, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2024, along with the results of its independent oil and gas reserves evaluation effective December 31, 2024 (the “Reserve Report”) prepared by Sproule Associates Limited (“Sproule”). … Read more
Reshaped High Impact Light Oil Asset Portfolio is now Complemented by a Structurally Improved, Stronger and more Resilient Balance Sheet CALGARY, AB, March 14, 2025 /CNW/ – Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2024. The related financial statements and … Read more
Trump’s administration vows to support U.S. drillers But low oil prices threaten activity Energy transition shifts to ‘energy additions’ amid rising demand By Ron Bousso (Reuters) – Donald Trump’s return to the White House caused “animal spirits” to soar in the oil and gas sector, and these vibes were palpable in the halls of the … Read more
LONDON, March 14 (Reuters) – Oil prices rebounded on Friday after a more than 1% loss in the previous session, partly due to the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 54 cents, or 0.77%, to … Read more
By: Kenneth P. Green Mark Carney, our next prime minister, has floated a climate policy plan that he says will be better for Canadians than the “divisive [read: widely hated] consumer carbon tax.” But in reality, Carney’s plan is an exercise in misdirection. Under his plan, instead of paying the “consumer carbon tax” directly and … Read more
Here Are All The Best Reasons To Join the Calgary Petroleum Club & Save 50% on The Membership Entrance Fee • The Club is located in the heart of the downtown business district at 319 – 5th Avenue SW and connected to downtown office towers through the Plus 15 skywalk. • No-fee Spousal Memberships … Read more
By Canada Powered by Women | March 2025 On March 8, 2025, people around the world came together to recognize and honour the achievements of women from all industries, places and walks of life in celebration of International Women’s Day. We met with some of the women driving innovation, responsible development and positive change across … Read more
‘We want Americans to stand up for our supply’ By Will Gibson Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Cenovus Energy Christina Lake oil sands facility southeast of Fort McMurray, Alta., on Wednesday, April 24, 2024. CP Images photo A lawyer by training, Gary Mar is … Read more
Clean Electricity Regulations put Alberta grid at risk for ‘minimal emissions reductions’ By Cody Ciona Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Power line maintenance in Alberta. Photo courtesy ATCO Alberta is at risk of power outages by the mid-2030s as a result of the federal government’s … Read more
CALGARY, AB, March 13, 2025 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces its operating and financial results for the three months and year ended December 31, 2024. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management’s discussion and analysis (“MD&A”). In addition, … Read more
Calgary, Alberta–(Newsfile Corp. – March 13, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2024. HIGHLIGHTS FROM THE FOURTH QUARTER AND FULL YEAR OF 2024 Average production for the fourth quarter was 21,916 boe/d which … Read more
By Deidra Garyk Mark Carney was selected to be Canada’s next Prime Minister with a stunning 85.9% of the Liberal Party leadership vote. While he may have received a strong mandate from registered Liberals after a lacklustre, uninspiring leadership race, only 151,899 Canadians voted for him, ultimately making him Prime Minister with only 0.3% of … 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 April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, after having settled at $10.90 under the U.S. benchmark on Wednesday. * The Canadian … Read more
Record 2024 exit volumes of 41,908 boe/d(2) and Q4/24 production of 41,051 boe/d (82% oil and liquids) Adjusted Funds Flow(1) of $2.10/share or $380.1 million in 2024 and $0.64/share or $129.2 million in Q4/24 39% current free funds flow yield(1)(15) based on $133.8 million ($0.74/share) of free funds flow(1) generated in 2024 $5.56/share of net asset value on a … Read more
(Reuters) – The United States imposed sanctions on Thursday on Iran’s oil minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said. Paknejad “oversees the export of tens of billions of dollars’ worth of Iranian oil and has allocated billions … Read more
By Ahmad Ghaddar OPEC+ supply targets only cover unrefined crude Increased fuel exports means more oil reaches market than required, analyst says Economic weakness in biggest importer China has curbed demand Exporting refined products gives countries increased global reach LONDON, March 13 (Reuters) – OPEC+ has exported a record amount of refined products, blunting the … Read more
Gazprom’s Europe-facing export arm considers selling lavish offices, sources say Down to just a handful of employees, job cuts also approved at headquarters, sources say European buyers cast doubt on return to Russian gas in case of Ukraine peace Russia’s gas exports to China unlikely to replace European market losses March 13 (Reuters) – When … Read more
Calgary, Alberta–(Newsfile Corp. – March 12, 2025) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce its financial and operating results for the three and twelve month periods ending December 31, 2024. The complete set of financial statements and management discussion and analysis for the periods ended December 31, 2024 … Read more
Summary • Macroeconomic concerns stemming from tariffs remain prevalent • Global demand firmer year on year and exceeded expectations, JP Morgan analysts say • Gasoline inventories fall more than expected, EIA data shows (Reuters) – Oil prices were largely steady on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline … Read more
CALGARY, Alberta, March 13, 2025 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months and year ended December 31, 2024. The following press release should be read in conjunction with the management’s discussion and analysis and annual consolidated financial statements and notes thereto … Read more
March 12, 2025 11:47 PM EDT | Source: Tenaz Energy Corp. CALGARY, ALBERTA–(Newsfile Corp. – March 12, 2025) – Tenaz Energy Corp. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce financial and operating results for the fourth quarter and year ended December 31, 2024. The related audited consolidated financial statements, as … Read more
March 13, 2025 7:00 AM EDT | Source: Kelt Exploration Ltd. Calgary, Alberta–(Newsfile Corp. – March 13, 2025) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) has released its financial and operating results for the fourth quarter and year ended December 31, 2024. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three … Read more
Canadian premiers turned a CERAWeek panel into a venting session as measures on steel and aluminum imports take effect. By Millie Munshi and Joe Carroll Welcome to our guide to the energy and commodities powering the economy. This week, we’re coming to you from global oil and gas get-together CERAWeek in Houston, where delegates confront … Read more
Slated for construction about 25 kilometres east of Montreal MONTREAL — It’s unclear whether Northvolt North America’s electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday. The manufacturer’s Canadian subsidiary says Northvolt AB underwent an “exhaustive effort … to secure a viable financial and … Read more
(Reuters) – The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Wednesday. WCS for April delivery in Hardisty, Alberta, settled at $10.90 a barrel under WTI, according to brokerage CalRock, after having settled at $11 under the U.S. benchmark on Tuesday. The Canadian … Read more
HOUSTON, Texas, March 12, 2025 /CNW/ – Canada is an energy superpower. From electricity to nuclear fuels, to oil and gas, Canadian energy powers American homes, supports thousands of good jobs and underpins the economy on both sides of the border. Canada is a reliable economic partner and is actively advancing energy and minerals cooperation with allies around the world, building … 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
The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.
It said in a news release that there was a meeting on Mond…
(Reuters) – Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence. Record power demand and dizzying projections for electricity consumption for AI have made power … Read more
By Lucia Kassai TC Energy’s Sur de Texas-Tuxpan pipeline that transports natural gas from Texas to Mexico is expected to ramp up in coming months as the Southeast Gateway conduit starts service on May 1, Chief Executive Officer Francois Poirier said in an interview. Southeast Gateway will deliver gas from the Sur de Texas-Tuxpan line … Read more
Protests, largely peaceful, have sprouted up at showrooms across the U.S. and Europe in recent weeks President Donald Trump said that protesters who are vandalizing Tesla’s showrooms and charging stations should be considered domestic terrorists. The electric vehicle maker has been rocked by protests and vandalism in recent weeks as chief executive Elon Musk has … Read more
Kimmeridge Energy Management will pursue more activism among Canadian oil and gas producers, a senior executive told Reuters on Tuesday, as it targets underperforming companies and potential benefits emanating from the trade war with the United States.President Donald Trump has ratcheted up tariffs on his country’s northern neighbor, although Canadian oil and gas exports to … Read more
CALGARY, Alberta, March 12, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces fourth quarter and year-end results for the period ended December 31, 2024. Fourth Quarter 2024 Highlights $77 million in revenue; $61 million in funds from operations ($0.40/share)(1)(3); $41 million in dividends paid ($0.27/share)(2); 9,878 bbls/d of total liquids production, a … Read more
CALGARY, Alberta, March 12, 2025 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its annual audited financial statements (the “financial statements”) and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial year ended December 31, 2024 (collectively, the “Annual … Read more
OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.75 per cent after the central bank’s seventh consecutive rate cut. The move was widely expected by economists. … Read more
60% of Americans say they have no interest in Canada joining, 32% say only if Canada wants to March 12, 2025 – U.S. President Donald Trump continues to escalate his trade war and annexation rhetoric this week, leaving economists, commentators, and even supporters wondering about his motivations. New data from the non-profit Angus Reid Institute finds Trump’s repeated threats … 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 April delivery in Hardisty, Alberta, settled at $11 a barrel under WTI, according to brokerage CalRock, after having settled at $11.55 under the U.S. benchmark on Monday. * Last Tuesday … Read more
(Reuters) – Oil prices edged up on Wednesday, supported by a weaker dollar, but gains were capped by mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth. Brent futures rose 37 cents, or 0.53%, to $69.93 a barrel at 0951 GMT, while U.S. West Texas Intermediate crude futures … Read more
(Reuters) – Market upheaval from U.S. President Donald Trump’s protectionist trade policies has not dampened foreign investment interest in the U.S. energy industry, executives said this week, as they lauded his promise to cut regulations and support fossil fuels. Trump has made energy dominance a pillar of his administration, declaring a national energy emergency on … Read more
Summary • Tariffs to increase costs for oilfield services companies • OCTG imports from Canada, Mexico rise amid tariff concerns • Smaller producers face higher costs due to tariff impact March 11 (Reuters) – The proposed U.S. tariffs on steel and aluminum imports are poised to escalate costs for U.S. oilfield services companies, which rely … Read more
Data is only valuable if it can be accessed, transformed, and understood. This is especially true in the energy sector, where data collection, processing, and operational improvements have long been core practices. From advanced process control to high-fidelity digital twins built using thermodynamic models, the industry has continuously leveraged technical ingenuity to overcome operational challenges. … Read more
By Simon Webb HOUSTON, March 11 (Reuters) – The international investment arm of United Arab Emirates state oil company ADNOC will make a significant investment in U.S. natural gas starting in the coming months, ADNOC CEO Sultan Al Jaber said on Tuesday. The UAE is a member of the OPEC+ producer group and one of … 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 April delivery in Hardisty, Alberta, settled at $11 a barrel under WTI, according to brokerage CalRock, after having settled at $11.55 under the U.S. benchmark on Monday. * Last Tuesday … Read more
Kimmeridge Energy Management will pursue more activism among Canadian oil and gas producers, a senior executive told Reuters on Tuesday, as it targets underperforming companies and potential benefits emanating from the trade war with the United States. President Donald Trump has ratcheted up tariffs on his country’s northern neighbor, although Canadian oil and gas exports … Read more
Nearly seven years after the New Brunswick government went to the Supreme Court to prevent the free movement of alcohol across the country, Premier Susan Holt says the tariff war with the United States is forcing the province to rethink its approach t…
CALGARY, Alberta, March 11, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson”) and Baytex Energy Corp. (“Baytex”) are pleased to announce a strategic partnership in the Pembina Duvernay and the execution of a long-term take-or-pay agreement (the “Partnership” or the “Agreement”). The Partnership will see Gibson advance its liquids infrastructure strategy in support of the development of Baytex’s … Read more
THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ THE SHELF PROSPECTUS SUPPLEMENT, THE CORRESPONDING BASE SHELF PROSPECTUS AND ANY AMENDMENT TO THE DOCUMENTS IS ACCESSIBLE THROUGH SEDAR+ OR WILL BE ACCESSIBLE THROUGH SEDAR+ WITHIN 2 BUSINESS DAYS, … Read more
Canada could impose non-tariff measures such as restricting its oil exports to the United States or levying export duties on products if a trade dispute with the U.S. escalates further, Canada’s energy minister Jonathan Wilkinson said on Tuesday. “When we are talking about non-tariff retaliation, it could be about restricting supply, it could be putting … Read more
CALGARY, Alberta, March 11, 2025 (GLOBE NEWSWIRE) — In a release issued under the same headline on Tuesday, March 11, 2025, by Peyto Exploration & Development Corp., please note that in the table under Hedging, the following amounts in the line for “Natural Gas” should be “4.14” for 2025 and “4.02” for 2026, not “4.01” and “4.51”, respectively. The … Read more
Alberta Energy Minister Brian Jean said on Tuesday he had provided the administration of U.S. President Donald Trump several options to de-escalate a trade war with Canada. He said his provincial government, which represents the bulk of Canada’s oil industry, respected Ontario’s decision this week to impose retaliatory tariffs on its electricity exports to the … Read more
(Reuters) – The premier of the Canadian province of Ontario said he was suspending plans to impose a 25% surcharge on electricity exports to the United States and would fly to Washington this week for talks with the Trump administration. Doug Ford made his surprise announcement on Tuesday just hours after telling U.S. networks that … Read more
CALGARY, Alberta–(BUSINESS WIRE)–STEP Energy Services Ltd. (the “Company” or “STEP”) (TSX: STEP) is pleased to announce its financial and operating results for the three months and twelve months ended December 31, 2024. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and audited consolidated financial statements and notes … Read more
By Timothy Gardner SMRs face cost, security, and regulatory challenges U.S. regulatory framework for SMRs is underdeveloped HALEU fuel safety and demand growth concerns persist HOUSTON, March 11 (Reuters) – Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, but the technology … Read more
(Reuters) – U.S. oil production will peak between 2027 and 2030, Occidental Petroleum Corp CEO Vicki Hollub said on Tuesday at the CERAWeek conference in Houston, Texas. Her outlook follows U.S. President Donald Trump vowing to bolster fossil fuel production in the U.S. and lower prices for consumers. ConocoPhillips CEO Ryan Lance echoed Hollub’s outlook … Read more
President Donald Trump on Tuesday doubled his planned tariff on all steel and aluminum products coming into the United States from Canada, bringing the total to 50%, in response to the province of Ontario placing a 25% tariff on electricity coming into the U.S. Trump said in a post on Truth Social he has instructed … Read more
By Kevin Crowley Executives from some of the world’s top oil and gas producers offered full-throated support for President Donald Trump’s “Energy Dominance” on Monday, even as financial markets slumped on broader concerns about his economic agenda. The hallways and sessions on the first day of the annual CERAWeek by S&P Global conference in Houston … Read more
Executives embrace the administration’s tone at Houston’s CERAWeek conference — but views on prices may cause friction down the line. US Energy Secretary Chris Wright said he wants to reverse what he called a “very poor direction in energy policy.”Photographer: Aaron M. Sprecher/Bloomberg By Will Kennedy Welcome to our guide to the commodities markets powering … Read more
ARC Resources said on Tuesday it had entered into a long-term liquefied natural gas supply agreement with a unit of Exxon Mobil. Global LNG demand has risen in recent years amid a shift toward cleaner energy, with the U.S. emerging as a major supplier to both Europe and Asia. ExxonMobil LNG Asia Pacific will purchase … Read more
A new scramble for crude oil market share in Asia may be kicking off as top exporters Saudi Arabia and Russia move to boost cargoes to the world’s top importing region. China, the world’s biggest oil importer, is emerging as ground zero for the two exporters, who are ostensibly allies in the wider OPEC+ group … Read more
CALGARY, AB, March 11, 2025 – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”), announced today it has entered into a long-term sale and purchase agreement (“SPA” or “the Agreement”) with ExxonMobil LNG Asia Pacific (“EMLAP”), an ExxonMobil affiliate, for the supply of liquefied natural gas (“LNG”). Under the Agreement, EMLAP will purchase all of … Read more
Blowback against chief executive Elon Musk is also hurting Tesla’s standing in some of the world’s biggest EV markets Bloomberg News Tesla Inc. shares plunged to their worst day in more than four years, extending a slide in 2025 amid growing concerns on Wall Street about demand for the company’s electric cars. Its stock tumbled … Read more
Summary • Crude benchmarks Brent, WTI inch higher • Benchmarks closed 1.5% lower in previous session • Dollar index hits four-month low • Concerns over U.S. recession and tariffs limit crude gains March 11 (Reuters) – Oil prices pared earlier losses to rise up during trade on Tuesday, helped by weakness in U.S. dollar, although … Read more
U.S. Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles. Congress has mandated some 100 million barrels in sales from the reserve, the world’s largest emergency stockpile of crude oil, with a 7 … Read more
Global oil supply growth is outstripping demand, the CEO of one of the world’s largest oil traders, Gunvor, said on Monday. Oil prices hit a three-year low last week due to slow demand growth in China and concerns about the impact on global economic growth of U.S. President Donald Trump’s protectionist trade policies. “We still … Read more
By: Douglas Cumming Capital Gains Tax Hikes in Canada and Their Impact on Venture Capital and Private Equity Starting June 25, 2024, Canada’s federal government increased the inclusion rate for the capital gains tax from 50% to 66.67% for corporations and for individual capital gains over $250,000. There is reason to be concerned with higher … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Monday, against a backdrop of falling global oil prices and ongoing U.S. trade policy uncertainty. * WCS for April delivery in Hardisty, Alberta, settled at $11.55 a barrel under WTI, according to brokerage CalRock, … Read more
Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in oil and gas fields to support global energy security. The comment puts the energy watchdog for industrialized nations more in line with President Donald Trump’s pro-drilling agenda, after it came under pressure from fossil fuel … Read more
Alberta Premier Danielle Smith said on Monday that the Canadian province would continue to supply crude oil to the United States but that U.S. President Donald Trump’s tariff threats also underscored the need for new markets. She said U.S. tariffs currently do not apply to Canadian crude oil, but that producers were being required to … Read more
Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion dollar deal to create a major Canadian shale player that they say will stand stronger against political and market upheaval than if they were to each go it alone.
“The pro for…
CALGARY, AB, March 10, 2025 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”), is pleased to report its fourth quarter 2024 financial and operating results and select information from the Company’s independent year-end 2024 reserve report, evaluated by McDaniel and Associates Consultants Ltd. (“McDaniel”), provides an operations update and provides first quarter and full year 2025 guidance. … Read more
The Port of Vancouver moved a record amount of goods through its gates last year, an increase driven partly by surging oil exports made possible by the Trans Mountain Pipeline. The Vancouver Fraser Port Authority says total freight at the country’s largest port grew five per cent year-over-year to reach 158 million tonnes in 2024. … Read more
Weak crude prices have eroded the incentive to drill for more oil, but LNG is a different story. A Venture Global Inc. LNG export facility in Louisiana, with founders Mike Sabel and Bob Pender, Energy Secretary Chris Wright, Louisiana Governor Jeff Landry and Interior Secretary Doug Burgum. Photographer: Bloomberg By Kevin Crowley Welcome to our … Read more
(Reuters) – Policymakers and energy executives need to rethink energy transition plans and stop doubling down on elements of the transition that have failed, the CEO of state oil giant Saudi Aramco said on Monday, stressing the need for investment in fossil fuels to meet global demand. The comments from the head of the world’s … Read more
(Reuters) – U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday. The outlook comes as U.S. President Donald Trump’s administration has repeatedly exhorted the industry to “Drill, baby, drill,” to … Read more
(Reuters) – The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to New York state, Michigan and Minnesota to protest against U.S. President Donald Trump’s tariffs on Canada, Premier Doug Ford said on Monday. “President Trump’s tariffs are a disaster for the U.S. economy. They’re making life more expensive for American … Read more
By Charlie Buckley A new bill introduced to the United States House of Representatives would withhold federal funding for any American “operations to invade or seize territory from” Canada, Panama or Greenland — unless Congress agrees to it first, that is. Introduced Thursday by Rhode Island Rep. Seth Magaziner, the No Invading Allies Act would … Read more
CALGARY, AB, March 10, 2025 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce that it has entered into an asset purchase and sale agreement (the “Acquisition Agreement“) with an arm’s length, large, well-financed private oil and gas company for the strategic acquisition of Mannville Stack focused assets in East-Central Alberta near … Read more
(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He said he was happy OPEC was returning barrels to the marketplace and said that more energy was good for the globe. Wright, speaking to reporters … Read more
Trade uncertainty caused by U.S. tariffs both real and threatened has rattled consumer confidence, to the point that volume growth at the Port of Vancouver will suffer, says its chief executive.
Peter Xotta, CEO of the Vancouver Fraser Port Authority,…
By: Kenneth P. Green With a federal election looming, a group of Canadian automobile associations want Ottawa to pull the plug on the Trudeau plan to mandate that all new light-duty vehicles sold in Canada be emission-free by 2035. The Canadian Vehicle Manufacturers’ Association, the Global Automakers of Canada and the Canadian Automobile Dealers Association … Read more
By: Jason Clemens and Jake Fuss For the first time in Canada’s history, the Prime Minister has never sought or won a democratic election in any parliament. Mark Carney’s victory to replace Justin Trudeau as the leader of the Liberal Party means he is now the Prime Minister. Carney’s resume and achievements make him one … Read more
Carney promised to immediately remove the carbon tax The Canadian Taxpayers Federation is calling on the federal government to immediately end the carbon tax. “Newly announced Liberal leader Mark Carney is set to be sworn in as prime minister, and he needs to make good on his pledge and get rid of the carbon tax … Read more
Advisories & Contact CALGARY, AB, March 10, 2025 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited(1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 (“Q4 2024”). Annual royalty production and revenue were the highest results in Source … Read more
Summary • WTI and Brent benchmarks register multiple weekly declines • IEA and OPEC monthly reports expected this week • Saudi Aramco cuts crude prices to Asia LONDON, March 10 (Reuters) – Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices … Read more
By Jim Warren If Mark Carney simply told the truth, he wouldn’t have to remember if what he says in Quebec matches what he says in Western Canada. When speaking in Kelowna on February 12, Mark Carney left the impression he’d been converted from environmental zealot to missionary for an Energy East pipeline. Carney said … Read more
(The opinions expressed here are those of the author, a columnist for Reuters) *Trump tariffs create turmoil in financial markets *Chevron CEO prefers Trump’s orders become legislation for stability *Drop in oil prices threatens U.S. oil production growth By Ron Bousso HOUSTON, March 10 – Energy executives travelling to the U.S. oil capital of Houston for … Read more
In one of his first meetings with oil and gas executives since being confirmed as U.S. energy secretary, Chris Wright said he intended to speed up permitting and support the industry, attendees told Reuters. His comments, made at a dinner ahead of the world’s largest energy industry gathering in Houston, were in line with President … Read more
Amid U.S. tariffs, MOU signing comes at pivotal time for new LNG export projects on Canada’s West Coast By Cody Ciona Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Shannon Joseph (chair of Energy for a Secure Future), Karen Ogen (CEO of the First Nations LNG Alliance), and Tatsuya … Read more
The oilsands company will now pay a quarterly dividend of 58.75 cents per share CALGARY — Oil and gas heavyweight Canadian Natural Resources Ltd., fresh off two major deals, says volatility from U.S. tariffs isn’t making it hungrier for more acquisitions. On its fourth-quarter conference call Thursday, an analyst asked Canadian Natural president Scott Stauth … Read more
📍 Calgary, Alberta | Booth #110 Westech Industrial is excited to participate in the 2025 Canadian School of Hydrocarbon Measurement (CsHm)—an event dedicated to advancing measurement, regulation, and handling best practices in the petroleum and natural gas industry. This annual event brings together industry professionals, technical experts, and leading manufacturers to share insights and innovations … Read more
By: Julio Mejía and Elmira Aliakbari Recently at the White House, President Donald Trump signed an executive order reversing the Biden administration’s plan to phase out plastic straws. The Trudeau government, however, continues with its plan to ban single-use plastics, even though this prohibition will have minimal impact worldwide, will actually increase waste in Canada, and force … Read more
CALGARY, AB, March 10, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and … Read more
(Reuters) – A push by the United States to end the war in Ukraine has raised questions about how companies might begin to return to the Russian market and how Europe might re-engage with Moscow, including resuming piped natural gas supplies. The Nord Stream pipeline across the Baltic Sea to Germany is by far the … Read more
The White House’s LNG-powered diplomacy will only expand in Trump’s second term. Ripping up old alliances and turning the post-World War II axis on its head would have been impossible for any previous American president because of the insatiable US thirst for imported energy. But the Trump White House is able to lean on an … Read more
By Maureen McCall Interesting events renewed discussions around pipeline projects when Alberta Premier, Daniel Smith made social media comments on Jan 21.2025 that Canada should have more nation-building projects and revive Northern Gateway. It inspired an immediate comment from the President of the Union of BC Indian Chiefs, Grand Chief Stewart Phillip expressing interest in … Read more
By Kamil Karamali Original: www.ctvnews.ca/politics/article/most-canadians-support-building-a-cross-country-pipeline-reject-adopting-us-dollar-nanos-survey Three out of four Canadians would support a national energy corridor and pipeline from Alberta to Eastern Canada, according to a new Nanos survey – even if there were environment and Indigenous land claim concerns about the route. The survey of 1,001 Canadian adults between Feb. 28 and March 5 … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 592 in … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Friday to end what has been a week of uncertainty in oil markets due to the fluctuating trade policy in the U.S. * WCS for April delivery in Hardisty, Alberta, settled at $12.15 a … Read more
The rapid decline in Tesla’s shares has pushed them into what chart-followers call an oversold zone A slide in Tesla Inc. on Friday is capping off a round trip of epic proportions in the company’s shares. Expectations that the electric-vehicle maker would benefit from chief executive Elon Musk’s close relationship with President Donald Trump made … Read more
The world’s energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. administration encourages them to pump more. U.S. President Donald Trump’s first 47 days in office have been marked by a rapid overhaul of government and policy, including … Read more
Summary • Brent and WTI fall more than 3% over the week • Trade war risks and OPEC+ supply increase weigh on market HOUSTON, March 7 (Reuters) – Oil prices gained on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with … Read more
(Reuters) – The U.S. government is studying ways it could ease sanctions on Russia’s energy sector as part of a broad plan to enable Washington to deliver swift relief if Moscow agrees to end the Ukraine war, according to two sources familiar with the matter. Reuters had reported earlier in the week that the United … Read more
Shareholders filed a class-action lawsuit against the company in February, claiming it misrepresented its financial health Companies interested in buying or liquidating Quebec electric vehicle maker Lion Electric Co. have been given an extension to make offers. Bids were due March 7, but the company’s court-appointed monitor has announced that deadline has been pushed to … Read more
PORT SULPHUR, La. (AP) — The planned expansion of a massive liquefied natural gas facility in southeast Louisiana is a beacon for a U.S. energy policy that doubles down on oil and gas exports under President Donald Trump, two members of his Cabinet to…
2024 HIGHLIGHTS The Company’s fourth quarter and year-end 2024 results reflect the Company’s commitment to cash flow generation, continued debt repayments, and the ability to leverage the Company’s operational geographic footprint. Revenue for 2024 was $1,684.2 million, a six percent decrease from 2023 revenue of $1,791.8 million. Revenue amounts and percentage of total by geographic area: … Read more
CALGARY, Alberta, March 06, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) White Tundra Acquisition Prospera Energy is pleased to announce a strategic acquisition aimed at expanding its asset portfolio of low-decline base production with significant production upside. The Corporation has entered into an agreement to acquire 100% of … Read more
U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity, Bloomberg News reported on Friday. Wright told Bloomberg News in an interview that the initiative would restore holdings “just close to the top” to maintain efficient … Read more
Summary • OPEC+ has decided to hike output from April • Novak: OPEC+ may reverse the hike decision after April • Kazakhstan says it will cut oil production in next months • CPC exports to be reduced as well (Reuters) – Russia’s Deputy Prime Minister Alexander Novak said on Friday that the OPEC+ group agreed … Read more
AltaGas Ltd. reported its fourth-quarter profit rose compared with a year ago, helped by strength across its business.
The utility says it earned a profit applicable to common shares of $203 million or 68 cents per diluted share for the quarter ended …
Summary Russia launches 67 missiles, almost 200 drones at Ukraine Air assault comes as US cuts aid, intelligence sharing Zelenskiy to visit Saudi Arabia before US-Ukraine talks (Reuters) – Russian forces damaged Ukrainian energy and gas infrastructure overnight in their first major missile attack since the U.S. paused intelligence sharing with Ukraine, piling pressure on … Read more
Brent and WTI on track to fall more than 3% over the week Trade war risks and OPEC+ supply increase weigh on market China stimulus could cushion blow from tariffs, analyst says (Reuters) – Oil prices extended gains on Friday, rising more than $1 a barrel, after Russia’s Deputy Prime Minister Alexander Novak said OPEC+ … Read more
The chief executive of fuel refiner and retailer Parkland Inc., which is considering putting itself up for sale, says U.S. tariffs are having a “neutral” impact on the business.
Bob Espey told analysts on a conference call Thursday that consumer spen…
Their Contribution to “Our Fair Share” Keeps Piling up By William Lacey Canadian Natural Resources was the last of the Big 4 energy companies to report their financial results today. This group consists of Canadian Natural Resources, Cenovus Energy, Imperial Oil and Suncor. Together, they represent the lions share of oil sands production, upgrading technology … Read more
British Columbia’s economy runs on natural resources, yet the public often lacks accurate information about their full impact to communities across the province. Richard Prokopanko, chair of Resource Works and a veteran of the industry, is on a mission to set the record straight. By Resource Works More News and Views From Resource Works Here … Read more
By: Jason Clemens and Niels Veldhuis Almost all of the coverage and commentary on President Trump’s decision to use executive powers to impose a 25 per cent tariff on exports from Canada (10 per cent on energy) and Mexico, and the retaliatory measures from both countries have rightly focused on economics. There’s an important aspect of this … Read more
(Reuters) – Canada, citing fears that recent trade turbulence could cut the value of domestic companies, on Wednesday vowed to make it harder for foreign firms to launch “predatory” takeover bids. Innovation Minister Francois-Philippe Champagne made the announcement a day after U.S. President Donald Trump launched a trade war against Canada and Mexico. Under the … Read more
Nova Scotia Premier Tim Houston has failed to get unanimous consent in the legislature to a resolution calling on the federal government to condemn any national political leader who opposes energy infrastructure projects amid the trade war with the Un…
CALGARY, AB, March 6, 2025 /CNW/ – Lucero Energy Corp. (“Lucero” or the “Company”) (TSXV: LOU) (OTCQB: PSHIF) is pleased to announce that at the Company’s special meeting (the “Meeting“) of the holders (the “Lucero Shareholders“) of common shares of Lucero (the “Lucero Shares“) held this morning, the Lucero Shareholders passed a special resolution (the “Arrangement Resolution“) approving the previously announced plan … Read more
(Reuters) – The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Thursday, the same day President Donald Trump suspended the 25% tariffs he imposed this week on most goods from Canada and Mexico. WCS for April delivery in Hardisty, Alberta, settled at $12.70 … Read more
CALGARY, AB, March 6, 2025 /CNW/ – CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU) (OTC: CESDF) is pleased to announce strong financial results for the three and twelve months ended December 31, 2024, along with a 42% increase to the quarterly dividend from $0.030 per share to $0.0425 per share, which will be paid on April 15, 2025, to the shareholders of record … Read more
By Randy Thanthong-Knight Canada’s exports to the US surged in January on shipments of cars, auto parts and energy, pushing the northern nation to post a record trade surplus with the US. The country’s merchandise trade surplus with the US widened to C$14.4 billion ($10 billion) in January, from C$12.3 billion in December, Statistics Canada … Read more
South Dakota’s governor signed a bill into law Thursday that bans the taking of private property for building carbon dioxide pipelines, a blow to a sprawling Midwest pipeline network that ethanol producers see as key for their future.
The new law mudd…
Canada will continue to be in a trade war with the United States for the foreseeable future, Prime Minister Justin Trudeau said on Thursday, a day after what he called a “colorful” call with President Donald Trump. Trudeau said Canada would continue to engage with senior Trump administration officials about the tariffs, reiterating that his … Read more
South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports per…
Canada’s merchandise trade surplus in January rose to its highest level since May 2022, as both exports and imports surged in the face of tariff threats by the United States.
TD Bank economist Rishi Sondhi says the strength in exports shown in January…
Summary • Brent and WTI recover slightly from multi-year lows • Trump gives automakers temporary tariff exemption • US crude stockpiles rose more than expected last week LONDON, March 6 (Reuters) – Oil prices rose on Thursday, recovering slightly from a multi-year low, though Brent was still below $70 under pressure from trade tariffs between … Read more
We applaud the Canadian government for transparency on environmental claims through Bill C-59’s changes to the Competition Act but we think there are unintended consequences. Our latest submission to the Competition Bureau outlines our concerns that the changes will choke off business confidence and innovation in sustainability. By Resource Works More News and Views From … Read more
CALGARY, AB, March 5, 2025 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) (Kiwetinohk or the Company) today reported its fourth quarter 2024 financial and operational results and updated reserve report. As companion documents to this news release, please review the Company’s year-end 2024 management discussion and analysis (MD&A), consolidated financial statements and annual information form (available on kiwetinohk.com or www.sedarplus.ca) for additional … Read more
Calgary, Alberta–(Newsfile Corp. – March 5, 2025) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) announces its 2024 annual results, filing of disclosure documents, year-end reserves and dividend declaration. Q4 2024 and 2024 financial highlights include: Generated $8.6 million ($0.02 per basic and fully diluted per share) and $38.0 million ($0.11 … Read more
CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its fourth-quarter and year-end 2024 financial and operational results and provides its 2025 outlook. Unless otherwise noted, all financial figures in this news release are in U.S. dollars. Highlights Spinoff transaction Launched as an independent … Read more
Canadian fuel refiner and retailer Parkland Corp said on Wednesday it had launched a strategic review that could result in the sale of the company. Calgary-based Parkland said the review was necessary to “maximize value creation for shareholders” and would explore the possibility of asset divestments, acquisitions and business combinations in addition to an outright … Read more
CALGARY, AB, March 5, 2025 /CNW/ – Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2024, and its year end 2024 reserves as independently evaluated by Sproule. Surge’s disciplined operating strategy involves focusing development capital to high operating netback, low cost, … Read more
Canadian Natural Resources Ltd. raised its dividend as it reported a fourth-quarter profit of $1.14 billion, down from $2.63 billion a year earlier.
The oilsands company says it will now pay a quarterly dividend of 58.75 cents per share, up from 56.25…
Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said. Trump this week implemented 25% tariffs on goods from Mexico and Canada. While Canadian crude won … Read more
March 5, 2025 CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2024 year-end results and reserves. Athabasca provides investors unique positioning to top tier liquids weighted assets (Thermal Oil and Duvernay) with a focus on maximizing cash flow per share growth by … Read more
March 06, 2025 5:00 AM EST | Source: Canadian Natural Resources Limited Calgary, Alberta–(Newsfile Corp. – March 6, 2025) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s 2024 fourth quarter and year end results, “2024 was an excellent year for us, as we achieved strong growth and set several new production … 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
(Reuters) – U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau spoke for about 50 minutes on Wednesday and discussed fentanyl smuggling and trade, said a Canadian source directly familiar with the conversation. Teams from both nations will continue to hold discussions on Wednesday, said the source, who did not give details. U.S. Commerce … Read more
March 5, 2025 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 … Read more
“The Port of Prince Rupert experience proves that modern-day investment in resource extraction, processing, manufacturing, and transport still provides a middle-class lifestyle.” By Resource Works More News and Views From Resource Works Here Given today’s extraordinary threat to the livelihoods of middle-class and lower-income workers and families, I thought it worthwhile to share Prince Rupert’s … Read more
“CAPP and its member companies are deeply disappointed in the U.S. Administration’s decision to impose across the board tariffs on Canadian goods. As Canadians we must now recognize the relationship with our closest friend, ally, and trading partner has fundamentally changed. In this moment, we must act with urgency to focus on the Canadian national … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Wednesday, a day after U.S. President Donald Trump’s tariffs on goods from Mexico and Canada took effect. * WCS for April delivery in Hardisty, Alberta, settled at $13.60 a barrel under WTI, according to … Read more
(Reuters) – Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbour, the CEO of Canadian pipeline company Enbridge Inc. said on Tuesday. CEO Greg Ebel told reporters the energy systems of the two countries are too integrated and … Read more
U.S. President Donald Trump will exempt automakers from his punishing 25% tariffs on Canada and Mexico for one month as long as they comply with existing free trade rules, the White House said on Wednesday, a development that halted at least for now Wall Street’s steepest skid in nearly three months. Trump is also open … Read more
Summary • Canadian oil faces 10% tariff, less than for other imports • Canada supplies 50% of US crude imports • Canadian crude discount widens LONDON, March 6 – When U.S. President Donald Trump announced tariffs on Canadian and Mexican imports this week, he gave Canadian energy a modest break, showing “Tariff Man” will engage … Read more
(Reuters) – Canada could potentially use oil and gas exports as a lever in negotiations if U.S. tariffs on Canadian imports escalate, Foreign Minister Melanie Joly told a Toronto business audience on Wednesday. Canada is vowing to impose tariffs on C$155 billion worth of U.S. imports but has so far not suggested it would reduce … Read more
By Matthew D. Mitchell and Meg Tuszynski President Trump’s constructive effort to bolster American economic freedom with his tax and regulatory plans is under threat. Not from Democrats, but from the president himself. That’s because the second chapter of his trade war is likely to undermine all of it. People have more economic freedom when … Read more
CALGARY, AB, March 5, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the full-year and fourth quarter of 2024. HIGHLIGHTS Full-year 2024 cash flow(1) (“CF”) was $3.2 billion ($8.93 per diluted share(2)). Fourth quarter 2024 CF was $850.3 million ($2.27 per diluted share). 2025 forecast free cash flow(3) (“FCF”) of $1.4 billion ($3.62 per diluted share(4)) based … Read more
CALGARY, AB, March 5, 2025 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the year ended December 31, 2024. The audited financial statements, management discussion and analysis and annual information form for the year ended December 31, 2024 will be available on the System for Electronic … Read more
CALGARY, AB, March 5, 2025 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financial and operating results and reserves for the year ended December 31, 2024. 2024 Operations Review Yangarra drilled 19 gross (17 net) wells during 2024 80% of Yangarra’s production was curtailed for four weeks during the third quarter due to a third party … Read more
Experts are linking rising gasoline prices in the U.S. northeast to President Donald Trump’s tariffs on Canadian energy imports, but they warn the trend may also hurt Atlantic Canada’s energy producers.
According to Canada’s consulate general in Bosto…
(Reuters) – U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau are scheduled to a speak on Wednesday, a day after Trump’s new 25% tariffs on imports from Mexico and Canada took effect, according to a source with knowledge of the matter. The tariff moves, which could upend nearly $2.2 trillion in annual trade, … Read more
At Kathairos Solutions, we specialize in delivering scalable, power-free solutions that help oil and gas producers eliminate methane emissions efficiently and cost-effectively. Our ability to rapidly scale is made possible through our strong partnership with Chart Industries, allowing us to maintain a robust inventory and meet customer demand in under six weeks—a significant advantage over … Read more
CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three- and twelve-month periods ended December 31, 2024, as well as the results of its independent reserves assessment as at December 31, 2024. Additionally, the Company declares its Q1 … Read more
CALGARY, AB, March 5, 2025 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce its 2024 annual financial and operating results. RECENT EVENTS On January 31, 2025, Paramount closed the sale of its Karr, Wapiti and Zama properties to a wholly-owned subsidiary of Ovintiv Inc. (“Ovintiv”) for cash proceeds of approximately $3.3 billion, after adjustments, plus certain Horn River Basin … Read more
CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company“) (TSX: NVA) is pleased to announce record-setting reserves and strong financial and operating results for the three months and year ended December 31, 2024. The repeatable, predictable and profitable nature of our assets have once again underpinned significant growth in our reserves. … Read more
Is OPEC’s iron grip on the oil markets a thing of the past? Events over the last 24 hours suggest power in the oil market has shifted to Washington from Riyadh – in part because of U.S. President Donald Trump and in part because of longer-term shifts. Trump on Tuesday announced 25% tariffs on imports … Read more
March 05, 2025 8:30 AM EST | Source: Enterprise Group Inc. St. Albert, Alberta–(Newsfile Corp. – March 5, 2025) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”), a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and … Read more
Summary • Brent down 1.4%, WTI declines 1.9% • Brent hovers around $70/bbl after six-month low in previous session • US tariffs escalate trade tensions • Canada, China retaliate against Trump tariffs • OPEC+ to increase output from April March 5 (Reuters) – Oil prices declined for a third day on Wednesday, as investors worried … Read more
President Trump defended his tariff plan, saying it would raise “trillions and trillions” in revenue and rebalance trading relationships, despite acknowledging it may cause economic pain. Summary by Bloomberg AI Trump’s speech focused on issues like transgender rights, migrant crime, and diversity, equity, and inclusion, with relatively little discussion of … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Tuesday, as U.S. President Donald Trump’s tariffs on goods from Mexico and Canada took effect. * WCS for April delivery in Hardisty, Alberta, settled at $13.70 a barrel under WTI, its widest discount since … Read more
Advantages UV and fire resistant – ULC 668 Compliant Does not require ground cover – makes for easier integrity inspections Preserves and protects concrete Can be installed in cold weather of -30C and lower No boots, clamps, bolts or caulking required to bond onto steel walls, piles, pipes or concrete High chemical resistance Works Great … Read more
You’re invited to join Presto Geosystems for a live, 1-hour webinar to explore how the GEOWEB® Soil Stabilization System can significantly improve the life cycle of your road projects. Webinar Description When paved and unpaved roadway surfaces are built over weak subgrades, base deterioration can lead to degradation. This causes unwanted deflections, rutting, and cracking … Read more
(Reuters) – Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 billion in its liquids and natural gas systems, with $2 billion allocated to its Mainline network through 2028. The Mainline is North America’s largest crude oil pipeline network and transports light and heavy crude oil, natural gas liquids and refined … Read more
In the dynamic realm of H2S reporting within the oil and gas sector, the drive for efficiency and accuracy is more crucial than ever. This is where modern web-based tools, like XI Technologies’ RegulatorySuite, are making significant strides. These tools are designed to streamline H2S reporting processes, automating tasks to save time and enhance accuracy. Key … Read more
As the demand for sustainable energy solutions grows, Edmonton Exchanger (EDEX) stands out as a key supplier to the hydrogen and carbon capture industries. As a family-owned company that promotes a family culture, many employees have spent their entire careers at Edmonton Exchanger. This enables the company to develop and maintain its people, directly correlating … Read more
Canada’s spy agency warns that colliding global developments make the Arctic an “attractive, strategic and vulnerable destination” for foreign adversaries seeking to establish a presence in Canada.
A newly released Canadian Security Intelligence Servi…
By: Jock Finlayson We didn’t want it but it has crashed onto our shores anyway. U.S. President Donald Trump has unleashed his long-mooted assault on Canada, deploying tariffs as his chosen weapon of “economic coercion.” The Executive Order justifying 25 per cent across-the-board tariffs on southbound Canadian exports (10 per cent on exports of energy … Read more
U.S. President Donald Trump remained resolute about using tariffs to fill America’s coffers hours after starting a North American trade war that rattled markets and was described by Canadian Prime Minister Justin Trudeau as “very dumb.” “Tariffs are about making America rich again and about making America great again … there will be a little … Read more
A trade war is underway. Tariffs from President Donald Trump’s Executive Order of February 1 were in effect as of 12:01 am eastern time this morning. In Canada, the federal government has announced that the counter measures it outlined before the pause will also be implemented. This comes after a 30-day pause on the imposition of blanket … Read more
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) reports its operating and financial results for the three months and year ended December 31, 2024 (all amounts are in Canadian dollars unless otherwise noted). “Our strong 2024 results speak to our disciplined, returns-based capital allocation philosophy that delivers … Read more
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Blacksteel Energy Inc. (“Blacksteel” or the “Corporation“) announces that Blacksteel Energy Inc. and its 100% subsidiary Drakkar Energy Ltd. has signed an Agreement for Purchase and Sale (“APS“) dated March 3, 2025, between Perthro (Canada) Inc. (“Perthro“) (“Buyer“) pursuant to which Blacksteel has agreed to sell all … Read more
Affects 1.5 million homes in Minnesota, Michigan and New York Bloomberg News Ford has written letters to the governors of those states to inform them of the surcharge, he told reporters at the provincial legislature. “If these tariffs persist, if the Trump administration follows through on any more tariffs, we will immediately apply a 25 … Read more
(Reuters) – U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and a 10% tariff on Canadian energy took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could slam economic growth and raise gasoline prices for Americans. Canada and Mexico are the top … Read more
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is pleased to announce that it has completed its previously announced offering (the “Offering“) of senior subordinated unsecured debentures (“Debentures“) with a syndicate of underwriters co-led by CIBC Capital Markets, RBC Capital Markets and ATB Capital Markets, with CIBC Capital … Read more
CALGARY, AB, March 4, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is reiterating its strategic priorities, demonstrating the visibility of its growth outlook, and reaffirming its financial outlook which will be discussed further at the Company’s investor conference today in New York. A virtual broadcast of the event is also available for registered participants … Read more
Motorists in some U.S. regions can expect to take a hit at the pump thanks to tariffs on Canadian oil imports, a gas price analyst says, as President Donald Trump has pressed ahead with a 10 per cent levy on energy.
The northeastern United States can…
U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners. The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live … Read more
March 04, 2025 7:00 AM EST | Source: Lycos Energy Inc. Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to provide the results of the Company’s 2024 year-end reserves evaluation as prepared by Sproule International Limited (“Sproule“), an exploratory drilling update and the initiation of … Read more
(Reuters) – Shell’s Director of Integrated Gas and Upstream, Zoe Yujnovich, will step down at the end of the month after more than a decade with the oil major, it said on Tuesday. In a move aimed at simplifying its leadership structure, Shell has appointed Cederic Cremers as President of Integrated Gas and Peter Costello … Read more
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom’s multi-trillion-dollar development plans….
Canadian support for retaliatory measures grows ahead of imposition of tariffs; favourability of U.S. tanks Half of Americans say Canada ‘a valued partner and ally’; 15 per cent of Canadians say same of U.S. Half of Americans say Canada ‘a valued partner and ally’; 15 per cent of Canadians say same of U.S. … Read more
Summary • OPEC+ to proceed with planned April oil output increase • US tariffs on Mexico, Canada took effect on Tuesday • China announces 10-15% hikes to import levies on US products (Reuters) – Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Monday, as markets reacted to U.S. President Donald Trump’s statement that tariffs on goods from Mexico and Canada will definitely take effect on Tuesday. * WCS for April delivery in Hardisty, Alberta, settled at … Read more
The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to “the healthy market fundamentals and the positive market outlook.” They must be looking at a completely different market to the rest of us. OPEC+, which includes the Organization of the Petroleum Exporting Countries, plus Russia and other allies, said … Read more
By Jim Warren Central Canada’s chattering classes are talking about the likelihood of an early federal election call–coming as soon as this spring. Liberal cheerleaders in the legacy media claim the prime minister needs the stability of a majority, to support his efforts to defend Canada from the ravages of US tariffs and bullying. Given … Read more
Program helps advance new technologies from lab-scale to commercialization By CEC Staff Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Ian Gates in his lab at the University of Calgary. Gates is a professor in the Schulich School of Engineering and the university’s associate vice-president, research and innovation. … Read more
Nova Scotia’s premier says the Bloc Quebecois’ opposition to moving energy from Western Canada to the Atlantic provinces is “completely unacceptable.” Tim Houston has in recent weeks brought up the idea of resurrecting the Energy East pipeline, an idea Bloc Quebecois leader Yves Francois Blanchet has said his party is “fiercely opposed to.” “As you … Read more
Where have the Liberals been for the last nine years? They speak of pipelines but are mute when it comes to abolishing the environmental approval system that makes building them virtually impossible. Only a Conservative government with a majority mandate will generate more pipeline & energy project investment confidence. By Jim Warren Donald Trump’s tariff … Read more
Canada’s refusal to allow growth and marketing of our oil and gas made us 100% reliant on U.S. energy exports, Poilievre said OTTAWA — The best way to fight the Donald Trump tariffs is to make Canada less reliant on the United States, Canada’s opposition leader said Sunday.Speaking to reporters Sunday morning from a downtown … Read more
WASHINGTON, March 3, 2025 /PRNewswire/ — In advance of pending tariffs on Canadian and Mexican goods and the potential impact on the American economy, the U.S. Conference of Mayors’ (USCM) Executive Committee passed an emergency resolution today urging the Trump administration to protect and promote trade relations with both countries. Mayors stress that tariffs would inflict severe … Read more
(Reuters) – U.S. President Donald Trump is expected to decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids. Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, … Read more
By Grant Smith, Julian Lee, and Bill Lehane OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates. Output increased by 240,000 barrels a day last month to a daily average of 27.35 million … Read more
By Daniel Flatley and Brendan Murray Supply Lines is a daily newsletter that tracks global trade. Sign up here. After promising during his election campaign to put import taxes back at the center of US economic policy, President Donald Trump moved swiftly once back in office, announcing significant new tariffs aimed at America’s trading partners. … Read more
CALGARY, AB, March 3, 2025 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead” or the “Company”) (TSXV: FHR.V) is pleased to provide an operations update on its acquired Ferrier property (the “Acquired Assets”). OPERATIONS UPDATE Fiddlehead continues to focus on well and facility operations of the Acquired Assets, with the Company having wellsite monitoring systems and personnel now in place. Fiddlehead … Read more
Calgary, Alberta–(Newsfile Corp. – March 3, 2025) – Lotus Creek Exploration Inc. (“Lotus Creek” or the “Company”) (TSXV: LTC) announces that David Hwang has retired from his role as Vice-President, Finance and Chief Financial Officer (“CFO”) of the Company effective February 28, 2025. The Company is also pleased to announce that Mitchell Harris, who is … Read more
Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas. The chief executive of BP Plc oozed confidence as he strode out onto a Houston stage in 2023 to tell an audience of fellow oil executives that he no longer ran an oil company. “I lived in … Read more
More than half of MEG Energy Corp.’s oil sales would be free from potential U.S. tariffs thanks to the diverse market access options it has lined up, a company executive says.
The Calgary-based oilsands producer has the ability to access global marke…
Trump wants rare earth.What are rare earth elements and why are they important? (Reuters) – Rare earth metals are making headlines as demand rises for products from smartphones to wind turbines, and as governments seek secure supply. Here are some basic facts about them: WHAT ARE THEY? Rare earths are a group of 17 elements … Read more
(Reuters) – Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported on Sunday, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said. Shell and Morgan Stanley declined … Read more
Summary Canada sends 90% of oil exports to US refiners Canadian drilling sector still not recovered from decade of job losses Retaliatory tariffs would raise cost of drilling inputs (Reuters) – Canada’s oilfield drilling and services sector is already showing signs of slowing due to U.S. President Donald Trump’s threatened tariffs, triggering fears that an … Read more
• Zelenskiy says he can salvage relationship with Trump • US tariffs on Mexico and Canada to take effect on Tuesday • Chinese manufacturing activity expanded in February LONDON, March 3 (Reuters) – Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the … Read more
Gas pipelines rely heavily on accurate temperature measurements to ensure proper flow calculations and customer billing. However, traditional Resistance Temperature Detectors (RTDs) can struggle in these demanding environments. This case study from our partner United Electric Controls (UEC) highlights how a major pipeline operator overcame persistent RTD issues to improve reliability and performance. The Challenge … Read more
In the Oil and Energy industry, business travel isn’t optional—it’s mission-critical. Whether it’s moving crews to offshore rigs, sending specialists to remote worksites, or coordinating emergency repairs, travel is a nonstop operation. But with rising costs, unpredictable fuel prices, and logistical challenges, how do you keep spending in check without cutting corners on safety or … Read more
The head of the Canada Infrastructure Bank says the power and export-enabling projects the Crown corporation backs are more crucial than ever as trade tumult intensifies with the United States.
“In the face of lots of uncertainty, the one thing you c…
February 28, 2025 (Calgary, Alberta) – Canada’s economy is at a crossroads. Despite nearly a decade of ideological policy that has stifled growth in our sector, the energy industry stands ready to play a foundational role in driving new investments, creating and supporting high paying jobs, and providing a stable supply of affordable energy to Canadians … Read more
ARC Energy Institute leaders highlight the need for a new approach in a new reality By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Despite Canada’s status as one of the world’s largest oil and gas producers, more than half of the country’s own population does not … Read more
Bo Hedges’ parents have lived on their ranch north of Fort St. John, B.C., for close to 50 years, running the Dead Horse Creek Cattle Company on the property where a natural spring bubbles up near their log home.
It sounds peaceful — but Hedges said e…
The 2025 Spring Luncheon is Coming March 21 and there are still some tickets available! On behalf of CAOEC and The Explorers and Producers Association of Canada (EPAC), we would like to thank everyone who has registered for this annual event where we take the opportunity to celebrate and reconnect with Association members and industry leaders. … Read more
In Alberta’s budget released on Thursday, Premier Danielle Smith finally delivered on her long-promised tax cut. Effective Jan. 1, 2025, Alberta’s bottom personal income tax rate will drop from 10 per cent to 8 per cent, which is expected to save some Albertans up to $750 annually. Amid a budget deficit and the threat of U.S. tariffs, the … Read more
Bloomberg News Trump has sought to pressure Zelenskiy into agreeing to let the US benefit from any of Ukraine’s untapped resources, at a time when Washington is seeking to secure supplies of critical minerals. His pursuit has seen him make some huge demands: At one point he wanted the equivalent of $500 billion from rare earths, … Read more
Trump’s tariffs made Ottawa suddenly start talking about new east-to-west pipelines, but how long will it last? The Trudeau government’s track record has been one of obstacles, not encouragement, for big energy projects. By Resource Works More News and Views From Resource Works Here For years, oil pipelines have been a political fault line in … Read more
U.S. tariff threats are making politicians and the general public more receptive to Canadian energy infrastructure projects, the chief executive of Pembina Pipeline Corp. says.
“Hopefully with what’s happening, it will be obvious to the country that …
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