(Reuters) – U.S. crude oil production hit a record high in June, the Energy Information Administration said on Friday, rising 133,000 barrels per day to 13.58 million bpd. Product supplied of crude and petroleum products in the U.S., a proxy for demand, rose 684,000 bpd in June to its highest since October 2024, at 21 … Read more
Summary Appeals court on 7-4 vote rules against Trump’s tariffs Court delays ruling taking effect to allow for Supreme Court appeal Trump administration may have Plan B (Reuters) – A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a … Read more
OPEC+ meeting in focus Uncertainty over Russian supply impacts market sentiment Russian oil exports to India set to rise despite US pressure (Reuters) – Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations of lower demand as the summer driving season in the United … Read more
Canada misjudged the future of LNG, but we should still strive to salvage our current situation. By Geoff Russ Mark Carney hasn’t been in office long, but his pivot on liquefied natural gas (LNG) may be one of his defining decisions. For years Ottawa said there was “no business case” for Canadian LNG, a phrase first uttered by Justin … Read more
Ottawa’s one-stop shop for industry to pitch plans for large industrial construction projects will be headquartered in Calgary.
The Prime Minister’s Office provided details today about the major projects office which is part of its plan to get big nat…
By Erwin Seba OPEC+ supply increase expected to arrive in autumn Lackluster US demand expected as summer driving season ends Uncertainty over Russian supply impacts market sentiment Russian oil exports to India set to rise despite US pressure HOUSTON, Aug 29 (Reuters) – Oil prices fell on Friday as traders looked toward weaker demand in … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, 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 two to 536 in … Read more
CALGARY, Alberta, Aug. 29, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”) Operations Update Prospera has maintained strong operational momentum, averaging gross production of 775 boe/d (97% oil) from August 1st to August 21st. These figures exclude production from the recently acquired White Tundra Petroleum assets. Numerous projects were successfully executed … Read more
Summary Gazprom may ship extra 6 bcm per year to China via existing link Power of Siberia 2 pipeline talks stalled, sources say Putin-Xi meeting to focus on energy cooperation Russia seeks to send gas to China after losing EU markets (Reuters) – China is seeking to buy more Russian gas through an existing pipeline … Read more
Summary Quick Russia-Ukraine ceasefire deal very unlikely, analysts say Global oil demand seen growing between 0.5-1.1 mbpd in 2025 (Reuters) – Oil prices are unlikely to gain much traction from current levels this year as rising output from top producers adds to the risk of a surplus and U.S. tariff threats curb demand growth, a … Read more
OPEC+ meeting in focus Uncertainty over Russian supply impacts market sentiment Russian oil exports to India set to rise despite US pressure (Reuters) – Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations of lower demand as the summer driving season in the United … Read more
Nordegg looks forward to lower energy costs and improved reliability By Cody Ciona Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Mack Male/Flickr More than a century after its founding, the former ghost town of Nordegg, Alta. is getting natural gas service, promising lower costs and … Read more
Global demand for natural gas will rise more than 20% by 2050 from last year’s level, as it displaces coal to power industries and meet higher electricity use in developing countries, Exxon Mobil said on Thursday in an annual outlook. The projections provide the basis for the top U.S. oil producer’s long-term strategy and investment. … Read more
Strathcona Resources Ltd. says it plans to expand its minority stake in MEG Energy Corp. after its bid for a hostile takeover of the company was spurned in favour of a friendly cash-and-stock purchase offer from Cenovus Energy Inc.
Strathcona says it …
Strathcona Resources Ltd. 24,335 followers Strathcona Resources Ltd.’s Executive Chairman, Adam Waterous, shares the following comment on MEG Energy’s decision to enter into an agreement to be acquired by Cenovus. “The MEG Board has agreed to a take-under by Cenovus. The price reflects about a dollar per share less than the current value of Strathcona’s … Read more
CALGARY, Alberta, Aug. 28, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions … Read more
CALGARY, AB, Aug. 28, 2025 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead,” or the “Company”) (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2025. Selected financial and operating information should be read in conjunction with Fiddlehead’s unaudited interim financial statements and related management’s … Read more
Bulletin 2025-27 Industry-Wide Closure Spend Requirements for 2026 PDF: View Bulletin Release Date: August 26, 2025 Under the Government of Alberta’s Liability Management Framework(opens in new window), the AER’s Inventory Reduction Program (described in Directive 088: Licensee Life-Cycle Management) includes setting an annual industry-wide closure spend requirement. We review the closure spend amount each year and adjust it … Read more
Calgary, Alberta–(Newsfile Corp. – August 28, 2025) – Green Impact Partners Inc. (TSXV: GIP) (“GIP” or the “Company”) provides a summary of its second quarter 2025 results and key business updates. Key Activities Signed Definitive Agreement to Sell Its Water and Recycling Facilities: On May 21, 2025, the Company entered into a definitive agreement with a purchaser … Read more
By Kevin Crowley Exxon Mobil Corp. said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel. Global emissions will fall by a quarter by 2050, far short of the … Read more
The bad news for Alberta’s oil-reliant budget is set to get worse.
Finance Minister Nate Horner says softening oil prices mean this year’s projected budget deficit is expected to grow by $1.3 billion, and will now finish at $6.5 billion in the red whe…
CALGARY, AB, Aug. 28, 2025 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company“) announces it has filed its financial and operational results for the three and six months ended June 30, 2025. The Company’s interim financial statements and management’s discussion and analysis for the three and six months ended June 30, 2025 can be found on SEDAR+ and on the Company’s website, www.clearviewres.com, under … Read more
(Reuters) – Germany will officially start commercial operations at its second liquefied natural gas import terminal at Wilhelmshaven port on Aug 29., state operator Deutsche Energy Terminal said on Thursday, as the country diversifies its energy supply. In response to Moscow’s invasion of Ukraine in 2022, Germany has turned to global, seaborne LNG to replace … Read more
Summary US tariffs on India for Russian oil take effect India to raise imports by 10-20% in September, traders say Russian refining drops because of maintenance and attacks Russian exporters sell oil at wider discounts (Reuters) – Russian oil exports to India are set to rise in September, traders said, as producers cut prices to … Read more
Summary Crude falls after 1% gain in previous session US demand to ease at the end of summer driving season Russian oil supplies through Druzhba pipeline restart Indian buying pattern of Russian oil in focus LONDON, Aug 28 (Reuters) – Oil fell on Thursday after rising in the previous session, pressured by expectations of lower … 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 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars (next one … Read more
Canada is set to begin discussions on supplying liquefied natural gas to German buyers to tap into growing demand across the European Union. Canada and Germany have an energy partnership that allows for deeper collaboration on LNG and plan to cooperate on developing a transatlantic hydrogen trade corridor. Canada’s government will support infrastructure investments to … Read more
Natural Resources Minister Tim Hodgson says the federal government’s new major projects office will launch this week, a key element in the Ottawa’s push to spur companies into building new large-scale infrastructure.
The Liberal government rushed its …
The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch.
Mark Maki says at the rate production ha…
By William Wilkes European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged European Commission President Ursula von der Leyen to revisit plans to phase … Read more
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta–(Newsfile Corp. – August 27, 2025) – Trans Mountain Corporation (“TMC” or “the Company”) today announced its financial and operating results for the second quarter of 2025. “Through the second quarter and year-to-date, Trans Mountain has delivered sustained operational excellence and reliable financial performance,” … Read more
Calgary, Alberta–(Newsfile Corp. – August 27, 2025) – Blacksteel Energy Inc. (“Blacksteel” or the “Corporation“) is pleased to confirm closing of the previously announced sale by the Corporation and its 100% subsidiary Drakkar Energy Ltd of all of its oil producing assets in the Girouxville Area to Perthro (Canada) Inc. (the “Transaction“). Total consideration for the Transaction was comprised … Read more
Calgary, Alberta–(Newsfile Corp. – August 27, 2025) – Trican Well Service Ltd. (TSX: TCW) (“Trican“) is pleased to announce the closing of the previously announced acquisition of Iron Horse Energy Services (“Iron Horse“) (the “Acquisition“). Iron Horse is a premium provider of fracturing and coiled tubing services with operations in the Western Canadian Sedimentary Basin. Pursuant to … Read more
By Terry Winnitoy Just about everthing and everyone has a “best before date” and the energy industry is no exception. In fact, it’s one industry that is constantly re-inventing itself with new ideas and technology. Sometimes an idea comes along that is so simple you wonder why someone didn’t think of it years ago. … Read more
By Resource Works More News and Views From Resource Works Here Canada’s Indigenous-driven economic opportunity is vast, but global capital and technology will determine how quickly it scales. That was the key message emanating from the Indigenous Partnerships Success Showcase (IPSS) Diplomat Leadership Luncheon, where envoys from ten global economies met with Indigenous leaders and Canadian business executives in … Read more
Originally published in Financial Post Here We need new markets, and pipelines to the Pacific would give us access to the world, but it won’t be easy, says oil and gas expert By John Foran, Special to Financial Post The benefits Canada reaps from its status as the world’s fourth-largest oil producer and exporter have been threatened by … Read more
Calgary, Alberta–(Newsfile Corp. – August 27, 2025) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended Six Months Ended June 30 June 30 … Read more
St. Albert, Alberta–(Newsfile Corp. – August 27, 2025) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”). Enterprise, a consolidator of energy services (including specialized power generation equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2, and other harmful emissions for small local and Tier One resource clients … Read more
Calgary, Alberta–(Newsfile Corp. – August 27, 2025) – Coelacanth Energy Inc. (TSXV: CEI) (“Coelacanth” or the “Company“) has provided an Operations Update, Reserve Report, and Resource Report. OPERATIONS UPDATE Coelacanth completed and commissioned its new battery facility in early June and subsequently started to systematically place the 9 previously drilled Montney wells from the 5-19 pad … Read more
Ron Bousso Summary Petrochemicals supply to exceed demand by 20-25% by 2030 South Korea to cut capacity in reponse to US tariffs China considers closing loss-making plants (Reuters) – U.S. President Donald Trump’s trade wars are nudging the global plastics industry toward a painful but necessary restructuring to address acute overcapacity that has kept the industry’s profits … Read more
Summary Witkoff to meet Ukrainians in New York this week Trump’s doubling of tariffs hits India API shows US crude, products inventories fall, sources say Russia lifts August crude exports after refinery attacks (Reuters) – Oil prices steadied on Wednesday, after falling in the previous session, as investors watched for developments in the Ukraine war and weighed … Read more
By Nichola Groom (Reuters) – U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden’s climate and energy agendas. Here is a timeline of actions his administration has taken to unravel federal support for … Read more
By Tope Alake US investments in renewable energy projects plunged this year as developers responded to White House policy shifts targeting the sector. Investments fell by $20.5 billion, or 36%, in the first half of the year from the prior six months, according to a Tuesday report from BloombergNEF. Wind and solar commitments fell 18% … Read more
By Dorothy Neufeld Key Takeaways In 2025, global renewable energy investment is projected to hit $780 billion, outpacing oil investment by $237 billion. Over the past decade, investment in renewables has surged 109%. Global energy investment has shifted dramatically in the last decade. As the world transitions to cleaner sources, capital is flowing into technologies … Read more
Heartland Polymers to supply recyclable, low emissions polypropylene plastic By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Carlos Soares, president of Divine Flooring, inside the company’s 100,000-square-foot warehouse just outside Calgary. Photo for the Canadian Energy Centre Carlos Soares has sold enough flooring to furnish … Read more
By EnergyNow Staff Defining “National Interest” in the Canadian Context The concept of “national interest” in Canada stands as a guiding principle in public policy, infrastructure development, and resource management. In its broadest sense, the national interest refers to projects, initiatives, or decisions that are considered essential for the prosperity, security, and well-being of the … Read more
(Reuters) – Canada’s main oil-producing province of Alberta is considering a financial investment in Japan’s refining sector, two sources familiar with the matter said, an attempt to reduce its overwhelming dependence on top trade partner the United States for oil exports. Alberta’s government is in early-stage talks with several Japanese crude oil refiners to explore … Read more
CALGARY, AB, Aug. 26, 2025 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2025. Selected financial and operating information should be read in conjunction with Westgate’s unaudited consolidated financial statements and related management’s discussion … Read more
Summary Discussions included whether Exxon Mobil would re-enter Sakhalin-1 project Talks also covered Russia’s possible purchase of US equipment Possible deals were also discussed inside the White House (Reuters) – U.S. and Russian government officials discussed several energy deals on the sidelines of negotiations this month that sought to achieve peace in Ukraine, according to … Read more
Summary Oil slips after four sessions of gains Prices expected to remain in tight range, says analyst Traders track Ukraine developments and US tariffs on India (Reuters) – Oil prices lost more than 1% on Tuesday after surging nearly 2% in the previous session as traders monitor developments surrounding the war in Ukraine and potential disruption to … Read more
Image credit: Invest Canada This article features a Policy Perspective Paper originally published at the Canadian Global Affairs Institute. You can find CGAI’s website here: https://www.cgai.ca/ by Tammy Nemeth and Ron Wallace August 2025 DOWNLOAD PDF Table of Contents Introduction About The Authors Canadian Global Affairs Institute Introduction Mark Carney has made it clear that, as part … Read more
Written by Indigenous Resource Network Survey suggests Indigenous groups are obstacles to projects The Indigenous Resource Network (IRN) is disappointed in the framing of a recent poll for potentially setting Canadians against Indigenous peoples by implying they could hinder infrastructure projects. CTV News commissioned Nanos Research to conduct the survey. The poll revealed 70% of … Read more
By Lorrie Goldstein Original: torontosun.com/news/national/goldstein-canadas-targets-for-cutting-greenhouse-gases-fit-the-definition-of-insanity After almost four decades of Canadian governments setting and failing to hit eight consecutive targets for reducing Canada’s industrial greenhouse gas emissions, surely it’s time to admit the targets are meaningless. Far from being “aspirational” as supporters claim, they in fact deceive Canadians about the effectiveness of federal spending of … Read more
(Reuters) – Brokerages welcome Cenovus Energy’s C$7.9 billion ($5.72 billion) cash-and-stock deal to acquire peer MEG Energy Gerdes Energy Research raises PT on CVE by C$2 to C$32, a premium of 51.2% to stock’s closing price on Friday The deal will give “an approximate 6% improvement in oil sands capital intensity,” Gerdes said Brokerage Desjardins … Read more
Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects.
Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdevel…
Calgary, Alberta–(Newsfile Corp. – August 25, 2025) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three and six months ended June 30, 2025. Selected financial and operating information is outlined below and should be read with Lycos’ unaudited condensed interim consolidated financial statements and … Read more
(Reuters) – Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the most important sector of President Vladimir Putin’s economy to show it can fight back as the United States seeks to broker a peace deal. The attacks disrupted Moscow’s oil processing and exports, created gasoline shortages in some parts … Read more
CALGARY, Alberta, Aug. 25, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or “NuVista”) is pleased to confirm our annual average production guidance for 2025 of approximately 83,000 Boe/d (1). Despite continued delays in commissioning the Pipestone Gas Plant (“Pipestone Plant”), we have been able to commence operations in the greater Wapiti area following the previously announced third-party plant … Read more
Calgary, Alberta–(Newsfile Corp. – August 25, 2025) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (“Saturn” or the “Company“), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, today announced that the Toronto Stock Exchange’s (“TSX“) has accepted Saturn’s notice to renew our Normal Course Issuer … Read more
(Reuters) – U.S. shale producer Crescent Energy said on Monday it would acquire smaller peer Vital Energy in an all-stock deal valued at $3.1 billion, including debt. The deal highlights how some U.S. companies are pursuing scale at a time when mergers and acquisitions in the shale industry slowed in the second quarter due to volatility in the energy … Read more
St. Albert, Alberta–(Newsfile Corp. – August 25, 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 other harmful emissions for small local and Tier One resource clients, is pleased … Read more
Summary Ukraine drone attacks target Russian energy infrastructure US vice president says Russia has made ‘significant concessions’ Federal Reserve Chair Powell signals possible September rate cut LONDON, Aug 25 (Reuters) – Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy … Read more
(Reuters) – Italian police have arrested a Ukrainian man suspected of coordinating the attacks on the Nord Stream gas pipelines in 2022, German prosecutors said on Thursday. The arrest is the first significant breakthrough in the investigation of mysterious underwater explosions that occurred in September 2022 in the Baltic Sea. Here is what we know about the … Read more
In the high-stakes world of energy production, ensuring workplace safety while managing operational efficiency is a constant balancing act—especially across Western Canada’s expansive oil sands, gas facilities, and refineries. With hazardous environments, remote locations, and growing regulatory pressures, there’s increasing demand for smarter, safer, and lower-maintenance gas detection technologies. That’s where Emerson’s Rosemount 625IR Fixed … Read more
Heat Exchanger Fabrication and Repair When it comes to heat exchanger projects, no one is better equipped than the specialists at Edmonton Exchanger. The company has built a reputation as an industry leader in the manufacturing, repair, and refurbishment of all types of heat exchangers. What makes this division especially meaningful is its history. The … Read more
A Decision-Making Guide for Operators, ESG Leads, and Reliability Engineers Methane elimination is no longer just a regulatory checkbox — it’s a critical part of sustainable and responsible energy production. With the evolving EPA standards and increasing pressure from investors and communities, choosing the right methane elimination technology vendor can make or break your environmental, … Read more
Canadian Prime Minister Mark Carney is visiting Poland, Germany and Latvia to strengthen defense and industrial partnerships, with a focus on nuclear and critical minerals sectors. Carney will meet with the prime ministers of Poland, Germany, and Latvia, and discuss topics including energy, security, and clean power sectors. The trip aims to diversify Canada’s trading … Read more
By Nelson Bennett By Resource Works More News and Views From Resource Works Here It may have taken a decade, but Canada’s Asia Pacific Gateway now has two new pipelines providing egress for Canadian oil and natural gas to Asia. They are already adding billions to the Canadian economy. TMX alone has added $13 billion … Read more
U.S. Vice President JD Vance said Russia has made “significant concessions” toward a negotiated settlement in its war with Ukraine and was confident progress was being made despite the lack of clear signs the conflict is nearing an end. Speaking on NBC’s “Meet the Press with Kristen Welker”, Vance said Russian President Vladimir Putin has … Read more
ALBERTA PREMIER’S OFFICIAL STATEMENT ON CANADA DROPPING TARIFFS ON U.S. Canadian tariffs on U.S. goods primarily hurt Canadian citizens and businesses, just as U.S. tariffs on Canadian goods primarily hurt American citizens and businesses. That has long been and will continue to be the Government of Alberta’s position on tariffs. That is why I support … Read more
Summary Potential stronger sanctions against Russia back in focus Prices also supported by US crude stocks drawdown German economic data raises concerns over demand HOUSTON – Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first … Read more
After touring Cenovus operations in China and Indonesia, Jeff Lawson reflects on Asia’s energy reality and what it means for Canada. My recent trip to our operations in China and Indonesia was an incredibly valuable chance to see world energy trends up close. Witnessing the dynamism and ambition of our teams in those countries was … Read more
By Georgina Mccartney Potential stronger sanctions against Russia back in focus Prices also supported by US crude stocks drawdown German economic data raises concerns over demand HOUSTON – Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five 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 538 in … Read more
CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal represents … Read more
Alberta Utilities Commission grants approval of the Need Assessment Application for Yellowhead Pipeline Project The project is expected to create 2,000 direct jobs and supports an average of 12,000 jobs annually through related downstream investments. Once operational, the downstream investments are estimated to contribute $3.9 billion* annually to Alberta’s GDP. Validates need for new infrastructure to support demand … Read more
$27.25 per share Purchase Price, payable 75% in cash and 25% in Cenovus shares, represents a 33% premium to MEG’s unaffected 20-day volume-weighted share price as of May 15, 2025 Cash and highly liquid share consideration provides MEG Shareholders with near-term value certainty Upside participation in an industry-leading producer with significant scale and growth potential Accelerates and de-risks realization … Read more
CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (TSX: MEG) (“MEG”) in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt. Under the terms of the agreement, Cenovus will acquire all … Read more
Summary Ukraine stepping up attacks on Russian energy infrastructure Unecha pumping station key part of Europe-bound Druzhba pipeline Russian regional governor says Unecha site catches fire as result of Ukrainian missile, drone attacks Oil flows could be halted for five days Hungary, Slovakia call on Europe to guarantee supply security KYIV/BUDAPEST, Aug 22 (Reuters) … Read more
Summary Potential stronger sanctions against Russia back in focus Prices also supported by US crude stocks drawdown German economic data raises concerns over demand (Reuters) – Oil prices were little changed on Friday as hopes for an imminent peace deal between Russia and Ukraine dimmed, putting prices on track for their first weekly gain in … Read more
Calgary, Alberta–(Newsfile Corp. – August 22, 2025) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) is providing an update on start-up expectations for the newly constructed Albright Gas Plant (“Albright”) near the Company’s lands at Wembley/Pipestone, Alberta. Albright is owned and operated by a third-party mid-stream company, CSV Midstream Solutions Corp. (“CSV”). CSV is an Alberta based company … Read more
By Dorothy Neufeld | Graphics/Design: Joyce Ma Global Crude Oil Trade Flows in 2024 Key Takeaways China imported 11.1 million barrels of crude oil per day in 2024, with Russia standing as its largest supplier of oil. Meanwhile, the U.S. imported 6.6 million barrels per day (mb/d), with Canada accounting for 62% of the total. … 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 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars (next one … Read more
By Jake Fuss, Tegan Hill and William Dunstan Federal and Provincial Debt-Interest Costs for Canadians, 2025 Edition In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are expected to … Read more
Natural Resources Minister Tim Hodgson said he is “hopeful” that the government will start announcing major infrastructure project approvals in the fall.
In an interview with The Canadian Press, Hodgson said the federal government has been busy consul…
Summary Brent, WTI rise for a second session US crude, gasoline stocks fall, lifting demand outlook Focus on talks for Ukraine peace deal (Reuters) – Oil prices rose 1% on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support. Brent … Read more
Summary No one has claimed responsibility for pipeline blasts Suspect used sailing yacht to carry out attack, prosecutors say Ukraine has previously denied involvement Pipelines carried Russian gas to Europe (Reuters) – A Ukrainian man was arrested in Italy suspected of coordinating the 2022 attacks on the Nord Stream pipelines, German prosecutors said on Thursday, … Read more
Calgary, Alberta–(Newsfile Corp. – August 20, 2025) – Trican Well Service Ltd. (TSX: TCW) (“Trican“) is pleased to announce that it has received clearance from the Competition Bureau, in the form of a No-Action Letter, with respect to the previously announced acquisition of all of the issued and outstanding shares of Iron Horse Energy Services (“Iron … Read more
Calgary, Alberta–(Newsfile Corp. – August 20, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce its financial and operating results for the three and six months ended June 30, 2025, as well as an operations update. Selected financial and operating information should be read in conjunction with Tuktu’s unaudited interim condensed financial … Read more
Canada must prepare for more seasons marked by severe drought, experts say as this summer’s bone-dry conditions tormented farmers, strained municipal water supply and fuelled one of the worst wildfire seasons on record.
Seventy-one per cent of the co…
Restructured AER aims a return to its technical roots By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Rob Morgan, CEO of the Alberta Energy Regulator. Photo courtesy AER Rob Morgan’s introduction to the energy business was a summer job in the Lloydminster region in 1985, … Read more
By Kevin Crowley and David Westin Chevron Corp. plans to merge Hess Corp.’s exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth in an interview on Bloomberg TV’s Wall Street Week. Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, … Read more
By Krishna N. Das and Aftab Ahmed Buying oil from Russia “very profitable” for India, Russian official says Hopes rise for trilateral talks with India, China Russia wants to forge a greater Eurasian partnership Russia see scope for LNG supplies to India NEW DELHI, Aug 20 (Reuters) – Russia expects to continue supplying oil to … Read more
By Scott Disavino US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace talks affects oil price volatility Trump says US may provide air support to back a Ukraine deal NEW YORK, Aug 20 (Reuters) – Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude … Read more
Summary Trump says US may provide air support to back a Ukraine deal API shows weekly US crude, gasoline stocks fell BP says Whiting refinery operations hit by flooding (Reuters) – Oil rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories and investors awaited the next steps in talks … Read more
OTTAWA – Inflation cooled in July thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month. The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June. A 16.1 per cent decline year-over-year … Read more
A shareholder advocacy group has filed a greenwashing complaint with Alberta’s securities watchdog alleging Cenovus Inc., one of Canada’s biggest oilsands producers, and Enbridge Inc., the country’s biggest crude pipeline operator, have misled investo…
By Ron Wallace The Carney government is not the first to grapple with serious challenges associated with Canadian energy and resource policies. However, its proposed solution is to continue to centralize regulatory powers in Ottawa with policies that represent a final repudiation of the lessons derived from the Great Pipeline Debate of 1956. Today, … Read more
By Robert A. Lawson and Matthew D. Mitchell US Economic Freedom in a Trade War: Economic Freedom of the World 2025 Pre-release President Trump claims that the United States has been “ripped off by virtually every country in the world.” With the exception of China, every country Trump has singled out for treating America unfairly … Read more
Year-over-year mergers and acquisitions (M&A) activity surged 331%, totaling $206.6 billion Focus shifts to future drilling potential through strategic acquisitions Capital returned to shareholders declined NEW YORK, Aug. 19, 2025 /PRNewswire/ — The U.S. oil and gas industry is experiencing a seismic transformation, driven by a wave of mergers and acquisitions that has narrowed the … Read more
(Reuters) – Mergers and acquisitions in the U.S. oil and gas sector tripled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to a report released on Tuesday. WHY IT’S IMPORTANT The jump in dealmaking marks a shift in strategy after years of focusing on shareholder returns … Read more
Ron Bousso Summary IEA, EIA forecast large supply overhang in coming quarters Yet future Brent oil price do not reflect the need to store oil Geopolitical tensions blur the outlook for supply and demand LONDON, Aug 20 (Reuters) – A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created … Read more
From the outset, projects must unite leadership from proponents, governments and affected First Nations By Deborah Jaremko and Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Oil tankers maneuver in Burrard Inlet, near Vancouver, B.C. Getty Images photo The head of the National Coalition of Chiefs … Read more
Russia struck the central Ukrainian city of Kremenchuk overnight, leaving a thick column of smoke hovering over the city in an attack that the local mayor called a sign that Russian President Vladimir Putin does not want peace. The bombardment on that city as well as other locations in Ukraine was Russia’s largest so far … Read more
U.S. President Donald Trump’s high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome. Russia has faced multiple rounds of western sanctions and restrictions since its invasion of Ukraine in February 2022, which have dealt severe blows to the country’s giant oil and gas industry, … Read more
Asian markets are driving LNG growth in BC, and it can make the province into a Pacific powerhouse. By Geoff Russ More News and Views From Resource Works Here Petronas’ recent announcement that it wants to back several more Canadian LNG projects should be a wake-up call for Ottawa and Victoria. The Malaysian state energy giant … Read more
Summary China buys 15 Russian oil cargoes for October-November delivery Indian demand for Russian oil declines as discounts narrow in July Trump threatens retaliatory tariffs against Russian oil buyers (Reuters) – Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts … Read more
Summary Oil prices down after previous session’s 1% gain Geopolitical risks have eased for oil this week -analyst Trump says US would help guarantee security for Ukraine LONDON, Aug 19 (Reuters) – Oil prices fell on Tuesday as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could … Read more
Carbon Capture Canada 2025 – September 23-25, Edmonton Convention Centre – Edmonton, Alberta Canada’s push towards decarbonization is accelerating. This summer, Deep Sky will launch its cutting-edge direct air capture facility, one of the most ambitious carbon removal projects in the country. Federal support through the Energy Innovation Program is fueling a wave of new … Read more
Two former Indigenous leaders on both sides of the debate over the Trans Mountain pipeline expansion say the federal government can’t ignore First Nations on future infrastructure projects it seeks to approve.
Their comments come as Prime Minister Mar…
Aug 18 (Reuters) – Shares of U.S. solar energy companies rose on Monday after the Trump administration released new subsidy rules for clean energy projects that were not as stringent as many investors had feared. Late on Friday, the Treasury Department narrowed the definition for what it means for a solar or wind project to … Read more
The deficit forecast for Newfoundland and Labrador has been revised upward by almost 70 per cent, primarily due to a volatile oil market and a stronger Canadian dollar.
Finance Minister Siobhan Coady says the province’s revenues for the current fisca…
CALGARY, AB, Aug. 18, 2025 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company“) is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement Agreement“) with a publicly traded oil and gas company (the “Purchaser“) pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Clearview … Read more
Summary US adviser says if India wants to be a US strategic partner, it has to act like one Zelenskiy, European leaders to meet Trump on Monday (Reuters) – Oil prices rose on Monday after White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to stop. … Read more
By: Kenneth P. Green Lee Zeldin, administrator of the U.S. Environmental Protection Agency (EPA), recently announced that the EPA will scrap a 2009 Obama-era “Endangerment Finding” that held: “The Administrator finds that the current and projected concentrations of the six key well-mixed greenhouse gases—carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulfur … Read more
In oil and gas operations, especially in critical areas like vapor recovery units and flare knock-out drums, early detection of H₂S and combustible gas leaks is essential for maintaining site safety, compliance, and operational uptime. However, expanding traditional gas detection systems into these areas—especially around emergency flare stacks—can be complex and cost-intensive due to infrastructure … Read more
Physical security at industrial facilities—especially in the Oil and Gas sector—has grown far beyond the traditional image of fences and a security guard at the front gate. Our industry spans the country and facilities are often remote, isolated and hard to reach. From animal encounters to theft to operational risk mitigation, comprehensive physical security is … Read more
Client: Major Petrochemical Operator – Alberta Scope: Pigtail (small-bore) welds beneath legacy hydrogen furnace Conditions: Catalyst remained in tubes, requiring extreme caution and minimal heat spread Problem with Traditional Method: Rigid ceramic elements obstructed the weld area, required excessive insulation, and posed a risk of heat bleed Challenge: A critical maintenance scope called for welding … Read more
By Maureen McCall In their February 2025 paper “The Troubled Energy Transition, How to Find a Pragmatic Path Forward”, Daniel Yergin, Peter Orszag, and Atul Arya examined the progress of the energy transition away from a hydrocarbon-dominated energy mix to a low-carbon one and the corresponding, prescribed net-zero emissions targets. They found that the world is far from … Read more
By Tegan Hill and Nathaniel Li As the Alberta Next Panel—tasked with advising the Smith government on how the province can better protect its interests and defend its economy—prepares to reconvene on August 14, one thing is clear: many Albertans feel they’re treated unfairly in the federation. But if the rest of Canada understands and respond … Read more
Summary Traders watch for progress in Trump-Putin talks Weaker Chinese data raises fuel demand concerns Projected oil market surplus weighs on price sentiment (Reuters) – Oil prices closed down nearly $1 on Friday as talks between U.S. President Donald Trump and Russian leader Vladimir Putin took place, which could lead to an easing of the sanctions imposed on Moscow … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for September delivery in Hardisty, Alberta, settled at $11.60 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.75 a barrel on Thursday. * The differential between Canadian heavy crude and the … Read more
Shell’s first cargo from the LNG Canada project represents a key milestone – the first large-scale export of LNG from Canada and energy for the world.
US$6 billion-plus deal for Calgary-based energy software firm may be the largest Canadian-linked tech deal in 25 years By Meghan Potkins – More Articcles From Meghan Potkins Here Enverus CEO Manuj Nikhanj is accustomed to his company flying under the radar — including the news last week that it had reached a reported US$6 billion-plus deal … Read more
(Reuters) – When U.S. President Donald Trump meets Russian President Vladimir Putin on Friday, one of his bargaining chips to encourage Putin to make progress toward a ceasefire in Ukraine will be to ease U.S. sanctions on Russia’s energy industry and exports. Trump has also threatened tougher sanctions if there is no progress. Here is … Read more
By Scott Disavino Aug 15 (Reuters) – U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 539 in the week … Read more
(Reuters) – Asian spot liquefied natural gas (LNG) prices declined this week on soft demand and strong storage inventories and as markets awaited the outcome of a meeting between U.S. President Donald Trump and Russian leader Vladimir Putin later today. The average LNG price for September delivery into north-east Asia was at $11.65 per million … Read more
By Jason Clemens, Grady Munro and Milagros Palacios Sufficient time has passed—from Justin Trudeau stepping down as prime minister and the Carney government introducing changes—to look back and document the Trudeau government’s policies and their effects. Such reflection offers lessons for the new government as it considers its own policy options. The Trudeau era is … Read more
Statistics Canada says manufacturing sales edged up June and a smaller share of firms reported an impact from U.S. tariffs.
The agency said Friday that manufacturing sales in June rose 0.3 per cent to $68.5 billion, breaking a streak of four consecuti…
World markets are watching closely as U.S. President Donald Trump and Russia’s Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire agreement in Ukraine. This was a conflict that sparked an energy shock, sent food prices soaring, battered European assets and cut Russia’s economy off from much of the Western world. … Read more
Summary Traders watch for progress in peace talks Weaker Chinese data raises fuel demand concerns Projected oil market surplus also weighs on price sentiment Traders await (Reuters) – Oil prices fell on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which some expect could lead to an easing of the sanctions imposed on … Read more
Consumer appetites and changes in the global economy are outpacing government incentives. By Geoff Russ Canada’s bold electric vehicle (EV) plan was once the big deal in the country’s climate policy, but now that reality has set in, it looks like the program is going to fail. For years, Canadian politicians proudly led the country … Read more
Fuel taxes cost 29 cents per litre of gasoline CTF releases Gas Tax Honesty report CALGARY. AB: The Canadian Taxpayers Federation is calling for Alberta to live up to its low tax reputation and cut gas taxes as the CTF releases its Gas Tax Honesty Report. “Alberta used to lead the country in low fuel taxes, but … Read more
Green hydrogen was meant to clean up dirty sectors like steel and shipping. But costs are high, investment is falling, and projects are stalling. Is it the fuel of the future — or a climate bet gone bad? By Keira Wright and David R Baker A train powered by fuel cells which convert hydrogen to … Read more
The International Energy Agency forecasts a surplus approaching 3 million barrels a day by next year. By Grant Smith Saudi Arabian Oil Co. workers in the Khurais oil field. Photographer: Maya Sidiqqui/Bloomberg The impact of this year’s dramatic policy reversal by OPEC+ is now becoming clear. This week’s reports from two of the oil industry’s … Read more
The OPEC+ coalition, led by Saudi Arabia, has fast-tracked the restart of halted production Bloomberg News Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million barrels a day, surpassing even the average buildup … Read more
By Jim Warren At first, the elbows up chicken dancers at Carney election rallies seemed harmless enough. Post-election, they’ve become a menace. The problem is being a patriotic chicken dancer does not mean one is also well informed about the fundamentals of economics and international trade. This partly explains why yesterday’s chicken dancers have … Read more
Canada’s natural resources minister, Tim Hodgson, says the government plans to increase energy production and major new electricity transmission projects are likely on the east and west coasts. Hodgson highlights the proposed Eastern Energy Partnership to connect Atlantic Canada with Quebec, and the North Coast Transmission Line in British Columbia to supply power to export-related … Read more
The Company Achieves Record Production, Reduces Net Debt and Raises Production Guidance with Lower Capital CALGARY, AB, Aug. 14, 2025 /CNW/ – Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. The related unaudited condensed financial statements and notes for the second quarter, … Read more
Jafurah Midstream Gas Company secures significant foreign direct investment, together with agreement to lease and leaseback development and usage rights for Aramco’s Jafurah midstream assets Aramco to receive upfront proceeds of $11 billion on completion, highlighting the value creation potential of its ongoing capital investment program Transaction to support optimization of Aramco’s assets, reflecting positive outlook for … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for September delivery in Hardisty, Alberta, settled at $11.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.80 a barrel on Wednesday. * The differential between Canadian heavy crude and the … Read more
(Reuters) – Mexican President Claudia Sheinbaum said on Thursday that Carlos Trevino, former CEO of state oil company Pemex, had been arrested in the United States and would be deported to stand trial in Mexico for corruption charges. Trevino served as CEO of Pemex from 2017 to 2018, stepping down after former President Andres Manuel … Read more
(Reuters) – President Donald Trump said on Thursday that he believes Russian President Vladimir Putin will make a deal, and that the threat of sanctions against Russia likely played a role in Moscow seeking a meeting. Trump is scheduled to meet with Putin in Alaska on Friday. The U.S. president said he is unsure whether … Read more
By Joanna Plucinska, Joe Brock, Marleen Kaesebier and Paul Carsten Graphics by Pasit Kongkunakornkul and Arathy J Aluckal A drone view shows the World Energy refinery in Paramount, California, U.S., June 24, 2025. REUTERS/Mike Blake PARAMOUNT, California – In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet … Read more
Print 🖨 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 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars (next one … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for September delivery in Hardisty, Alberta, settled at $11.80 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.15 a barrel on Tuesday. * The differential between Canadian heavy crude and the … Read more
REGINA, SK / ACCESS Newswire / August 14, 2025 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) has filed its interim Financial Results and Management Discussion & Analysis for the six months ended June 30, 2025. Q2 2025 Financial and Operating Highlights The Company remained on strategy and budget for Q2 2025 with Funds Flow of $9.0 million, … Read more
CALGARY, AB, Aug. 13, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) announces its financial and operating results for the three and six months ended June 30, 2025 which is our first quarter following the April 7, 2025 closing date of the strategic acquisition of Cardium focused light oil assets in the Pembina area of Alberta (the “Acquisition“). InPlay’s … Read more
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, Aug. 14, 2025 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce financial and operating results for the three and six months ended June 30, 2025. The Company also announces that its unaudited financial statements and associated Management’s Discussion and Analysis … Read more
CALGARY, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”) In Q2 2025, Prospera invested $1.65 million in capital expenditures, including $665K for well reactivations, $534K for plant maintenance, and $448K for environmental work. Reactivation efforts targeted eleven wells in the Luseland and Cuthbert properties, adding 87 boe/d … Read more
Vancouver, British Columbia–(Newsfile Corp. – August 14, 2025) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) provides its financial and operating results for the second quarter ended June 30, 2025, declares a quarterly dividend payment to shareholders, and provides operations update. Q2 2025 Highlights Attained quarterly production of 3,826 boe/d (99% … Read more
Source: Enterprise Group Inc. St. Albert, Alberta–(Newsfile Corp. – August 14, 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 other harmful emissions for small local and Tier One resource … Read more
Summary Brent and WTI stabilise off previous session’s two-month lows Trump meets Putin on Friday to discuss war in Ukraine U.S. crude stocks rose unexpectedly last week, EIA says (Reuters) – Oil prices were stable on Thursday as investors weighed the potential impact of Friday’s U.S.-Russia summit on Ukraine on Russian crude flows, after U.S. … Read more
Summary Backwardation for Brent, WTI 6-month time spreads narrow Brent’s premium to Dubai lowest in 4 months Spot premiums for Oct-loading Dubai, Oman slip to month’s low Reuters) – Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, … Read more
Compass Bending’s Expertise and Precision Can Elevate Your Pipeline Solutions, Saving Your Project Time and Money! How Does That Happen? We’re equipped to handle complex pipe configurations with accuracy and expertise. We guarantee that all pipe bending meets industry safety and compliance standards. Our specialized machinery ensures precision and consistency in every bend. We provide … Read more
OTTAWA – The federal government announced $25 million in funding today for companies to build more than 850 electric vehicle chargers, mostly in Quebec. The money will also help companies finance the purchases of natural gas-powered transport and recycling trucks to help companies lower emissions. According to the government nearly one quarter of Canada’s … Read more
CALGARY, Alberta, Aug. 13, 2025 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2025 financial and operational results and provide an operational update with respect to its 2025 capital program. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “Our strong operational and financial performance continued … Read more
August 13, 2025 4:17 PM EDT | Source: Enterprise Group Inc. St. Albert, Alberta–(Newsfile Corp. – August 13, 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 other harmful emissions for … Read more
‘Re-exports’ from terminals on the U.S. Gulf Coast continue at a steady pace By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter International shipments of Canadian oil from ports on the U.S. Gulf Coast continue at a steady pace, according to a new report by RBN Energy.Major buyers … Read more
Summary IEA expects global supply to rise by 2.5 million bpd in 2025 Trims forecast for demand growth this year to 680,000 bpd Global crude refining runs will approach record high in August Implied surplus to approach 3 million bpd in 2026 (Reuters) – World oil supply will rise more rapidly than expected this year … Read more
(Reuters) – Oil prices edged lower on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday’s meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Brent crude futures fell 41 cents, or 0.6%, to $65.71 a barrel by 1037 GMT, while U.S. West Texas Intermediate crude futures edged … Read more
CALGARY, AB– (July 25, 2025) – Alliance Pipeline Limited Partnership (Alliance) is soliciting non-binding expressions of interest for a new short-haul point-to-point transportation service on the Canadian segment of its system in northwest Alberta with delivery to a new meter station in Fort Saskatchewan. As part of its proposed point-to-point service offering, Alliance has initiated … Read more
Third Party Processing Growth and Strong Hedging Gain Bolsters Cash Flow, Drives Debt Reduction Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Aug. 12, 2025 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce the release of its second quarter 2025 financial and … Read more
Russia said on Wednesday that its stance on ending the war in Ukraine has not changed since President Vladimir Putin set out his conditions last year: the full withdrawal of Kyiv’s forces from key Ukrainian regions and the abandonment of its NATO ambitions. Putin and U.S. President Donald Trump are due to meet on Friday … Read more
Canada’s new pipeline opens a direct oil route to India, offering a sanctions-proof rival to Russian crude. By Resource Works The completion of the Trans Mountain Expansion (TMX) in May 2024 was meant to end Canada’s near-total dependence on the U.S. as a crude oil export outlet. It worked. For the first time in history, … Read more
Canada is working to reset its ties with Mexico as Donald Trump threatens his neighbors with punishing US tariffs ahead of a planned review of the North American free-trade pact. Canadian Foreign Minister Anita Anand said “this is an all-hands-on-deck moment for us to reignite the bilateral relationship” as she wrapped up her two-day … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for September delivery in Hardisty, Alberta, settled at $12.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.25 a barrel on Monday. * The differential between Canadian heavy crude and the … Read more
By Robert Tuttle and Paula Sambo Cenovus Energy Inc. is in talks with Indigenous groups in Canada to jointly buy MEG Energy Corp., an oil sands producer that faces an unsolicited $4 billion takeover bid from a Canadian oil tycoon. A group of First Nations and Metis communities including Chipewyan Prairie First Nation and Heart Lake First Nation are … Read more
CALGARY, Alberta, Aug. 12, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the second quarter of 2025. The Company’s interim financial statements for the three and six months ended June 30, 2025 and related Management’s Discussion and Analysis (“MD&A”) are available on our … Read more
CALGARY, Alberta, Aug. 12, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto” or the “Company”) is pleased to report operating and financial results for the second quarter of 2025. Q2 2025 Highlights: Peyto reported $191.3 million in funds from operations1,2 (“FFO”), or $0.95/diluted share, and generated $83.7 million of free funds flow3 in the … Read more
CALGARY, AB, Aug. 12, 2025 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce its operating and financial results for the three and six months ended June 30, 2025, and to provide an operations update as well as an update on the Company’s management team. Selected financial and operational information set out below should be … Read more
U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to increases in well productivity, though lower oil prices will prompt a fall in output in 2026, the Energy Information Administration forecasted on Tuesday in a monthly report. The decline in 2026 production to 13.28 million bpd would be the … Read more
U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 106.4 bcfd in 2025 … Read more
(Reuters) – OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the Organization … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Monday. WCS for September delivery in Hardisty, Alberta, settled at $12.25 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.10 a barrel on Friday. * The differential between Canadian heavy crude and the … Read more
In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the aviation industry to follow in its drive to cut emissions. Six years later, that collaboration is dead. Boston-based World Energy was one of the first companies in the world … Read more
Summary U.S., China extend tariff pause to November Eyes on U.S. inflation data due later on Tuesday Trump-Putin talks on Friday cloud oil outlook (Reuters) – Oil prices were broadly steady on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would hit … Read more
Mark Cunningham By Resource Works More News and Views From Resource Works Here Why it matters As the world races to reduce emissions and shore up energy security, nuclear fission is staging a global comeback. Small modular reactors (SMRs) are advancing from concept to construction — and in 2025, Canada made bold moves to claim … Read more
Alberta Premier Danielle Smith visited Mexico to help reset relations and promote energy projects, particularly with new Pacific Ocean export facilities. Smith intended to showcase Alberta companies and meet with Mexican officials, including those from state oil giant Petroleos Mexicanos, to discuss potential exports of oil and gas. Smith said Alberta can now export heavy … Read more
August 5, 2025 New industry dollars will tap into Alberta’s vast underground resources to create new, good-paying jobs and keep growing the economy. Alberta’s massive natural resources and unique geology have turned the province into an economic powerhouse and global energy leader. Now, industry is exploring more ways to maximize the potential of Alberta’s underground caves and … Read more
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, 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 539 in the week … Read more
Summary Trump and Putin to meet on Friday in Alaska UBS lowers Brent crude forecast on higher supply China producer prices fall more than expected in July (Reuters) – Oil prices fell on Monday, extending last week’s more than 4% decline, as investors looked to talks between the U.S. and Russia later this week on … Read more
Malaysia’s state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global … Read more
By Katarzyna (Kasha) Piquette, CEO Canadian Energy Ventures I visited Poland for President Nawrocki’s inauguration last week, watching crowds from all regions waving flags in a vivid display of unity. That fervor echoed a deeper truth for me: just as Alberta, standing as Canada’s energy hub, is diversifying its energy mix, Poland is carving its … Read more
As global energy markets place greater emphasis on cleaner fuels, Liquefied Natural Gas (LNG) continues to grow in importance for both domestic and export-driven operations across Canada. However, producing and transporting LNG requires rigorous process control to ensure product quality, operational safety, and regulatory compliance. Two of the most critical parameters in LNG production are … Read more
Ontario is taking a step toward planning new pipelines to bring Alberta oil and gas to the province for refining, issuing a request for proposals today for a feasibility study.
It follows a memorandum of understanding last month between Ontario, Alber…
U.S. Vice President JD Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv “unhappy.” He said the U.S. is aiming for a settlement both countries can accept. “It’s not going to make anybody super happy. Both the Russians … Read more
The Trump administration has instituted permitting reviews and imposed standards that threaten US wind and solar developments, and has rescinded Biden-era decisions earmarking coastal waters for future wind turbines. The actions have contributed to the cancellation or delay of more than $22 billion worth of clean energy projects since January and the loss of thousands … Read more
Chris Varcoe: However, there are plenty of kilometres still to go in this marathon — and no assurances how the race will play out By See More Articles From Chris Varcoe Here The president of Canada’s largest petroleum producer expects the country’s oil pipelines will fill up within the next decade — and believes a … Read more
By: Kenneth P. Green As a supporter of government policies that maximize economic freedom and minimize governmental intrusion into the marketplace, I am usually compelled to be rather critical of government policies, making me something of a nabob of negativity. Thus, it’s a happy day when a government does something that, in my view, is … Read more
Summary US, Russia aim to reach a deal to halt the war in Ukraine Latest US tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil US oil rig count rises by one to 411 HOUSTON, Aug 8 (Reuters) – Oil held steady on Friday as markets awaited a meeting … Read more
(Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf … Read more
CALGARY, Alberta, Aug. 08, 2025 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2025. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Friday. WCS for September delivery in Hardisty, Alberta, settled at $12.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.95 a barrel on Thursday. * The differential between Canadian heavy crude and the … Read more
The Canadian government said on Friday it will join some of its closest allies in lowering the price cap for Russian oil over its continued war in Ukraine, the country’s finance department said in a statement on Friday. Canada will lower the price cap for seaborne Russian-origin crude oil to $47.60 from $60 per barrel, … Read more
OTTAWA, ON, Aug. 8, 2025 /CNW/ – Canada is at a pivotal moment in history. Faced with global volatility, disrupted trade relationships and a changing environment, we must strengthen our economy while doing our part to lower greenhouse gas (GHG) emissions. Today, Yasir Naqvi, Member of Parliament for Ottawa Centre and Parliamentary Secretary to the Minister of International Trade and … Read more
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, 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 539 in the week … Read more
FINANCIAL HIGHLIGHTS (Unaudited, in thousands of Canadian dollars, except per common share data) Three months ended June 30 Six months ended June 30 2025 2024 % change 2025 2024 % change Revenue $ 372,415 $ 391,792 (5) $ 808,926 $ 823,099 (2) Adjusted EBITDA 1 81,354 100,222 (19) 183,737 217,678 (16) Adjusted EBITDA per common share 1 … Read more
Summary Latest tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil Putin and Trump to hold meeting in coming days, says Kremlin (Reuters) – Oil prices edged higher on Friday but was poised for the steepest weekly losses since late June on a tariff-hit economic outlook and a potential … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Thursday. WCS for September delivery in Hardisty, Alberta, settled at $11.95 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.85 a barrel on Wednesday. * The differential between Canadian heavy crude and the … Read more
Pipeline operator South Bow Corp. says it had a net income of US$96 million in its second quarter, up from US$88 million in the same quarter last year.
Calgary-based South Bow says earnings amounted to 46 cents per share in the quarter ending June 30,…
There is a consensus on making British Columbia into the top Pacific LNG supplier\ By Geoff Russ Premier David Eby’s statement that British Columbia will “win the race” to deliver liquefied natural gas (LNG) to Asian markets is a big and welcome sign of growing political consensus on the importance of LNG to Canada’s future. Once … Read more
OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight. On paper, the world’s largest group of oil-producing countries should be pumping an extra 2.5 million barrels of oil a day in September versus March, … Read more
Energy investment still prefers the United States over Canada, and that is a threat to the economy. By Geoff Russ By Resource Works More News and Views From Resource Works Here Despite Prime Minister Mark Carney’s words of encouragement and the plan to make Canada an “energy superpower,” the country’s energy industry is still falling behind the … Read more
By: Matthew Lau In a recent announcement, the Carney government detailed more than $14.4 million in new spending for 17 projects to “empower young Canadians to address climate change.” The $14.4 million is just the latest round of funding out of a planned $206 million over five years. The purpose of the “Climate Action and Awareness … Read more
CALGARY, Alberta, Aug. 07, 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 six months ended June 30, 2025. Q2 2025 HIGHLIGHTS: Production – Production for the second quarter of 2025 averaged 9,155 boe/d(1), up 3% from 8,929 boe/d … Read more
CALGARY, AB, Aug. 7, 2025 /CNW/ – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) today reported its second quarter 2025 financial and operating results. The Board of Directors also declared a quarterly dividend of $0.30 per common share. During the three months ended June 30, 2025 the Company entered into three separate asset purchase and sale agreements to dispose of its … Read more
CALGARY, AB, Aug. 7, 2025 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2025. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2025 will … Read more
U.S. crude oil exports eased in July to the lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found cheaper alternatives, undermining U.S. President Donald Trump’s push for more foreign countries to purchase U.S. energy supplies. The decline in exports from the top global producer underscores the extent … Read more
Calgary, Alberta–(Newsfile Corp. – August 7, 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 six month periods ending June 30, 2025. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.ca and on the … Read more
Canadian Natural Resources surpassed expectations for second-quarter profit on Thursday, as a rise in oil and natural gas production helped offset a decline in crude prices. Oil producers in the country have been benefiting from the commencement of operations at the expanded Trans Mountain pipeline (TMX) that has nearly tripled the flow of oil to Canada’s … 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 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars (next one … Read more
CALGARY, ALBERTA–(Newsfile Corp. – August 6, 2025) – Tenaz Energy Corp. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce financial and operating results for the three and six months ended June 30, 2025. The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) are available on … Read more
August 07, 2025 7:00 AM EDT | Source: Kelt Exploration Ltd. Calgary, Alberta–(Newsfile Corp. – August 7, 2025) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the second quarter ended June 30, 2025. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months … Read more
(Reuters) – Kuwait’s oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil. “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,” Al-Roumi told reporters, adding … Read more
Summary US crude inventories fall by more than expected Investors remain cautious after Trump tariffs on India Saudi Arabia raises its crude prices to Asia (Reuters) – Oil prices steadied on Thursday, paring early gains after the Kremlin announced that Russian President Vladimir Putin will meet U.S. President Donald Trump in the coming days, raising … 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 and six months ended June 30, 2025. The following Press Release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and the unaudited condensed consolidated financial statements and … Read more
Calgary, Alberta–(Newsfile Corp. – August 6, 2025) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) announces its second quarter 2025 financial and operating results and guidance update. Second Quarter 2025 Results Generated $4.9 million ($0.01 per basic and fully diluted share) and $16.4 million ($0.05 per basic and fully diluted share) of … Read more
Readers are advised to review the “Non-GAAP and Other Financial Measures” section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the “Forward-Looking Information” section in this press release for information regarding certain forward-looking information and forward-looking … Read more
CALGARY, AB, Aug. 6, 2025 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its unaudited financial and operating results for the three and six months ended June 30, 2025. Selected financial and operational information is set out below and should be read in conjunction with Spartan’s unaudited interim financial statements and related management’s … Read more
Calgary, Alberta–(Newsfile Corp. – August 7, 2025) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s second quarter results, “Our relentless focus on continuous improvement combined with effective and efficient operations drove strong performance year to date in 2025. Our ability to effectively allocate capital across our strong asset base … Read more
Suncor Energy Inc. managed to squeeze more oil out of its operations in the second quarter while also completing multiple major projects, but its earnings couldn’t escape lower global oil prices.
The oilsands producer posted a profit of $1.13 billion …
Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP.
The Calgary-based company says net earnings for the period ending June 30 were $172 million, up from $70 million a year …
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for September delivery in Hardisty, Alberta, settled at $11.85 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.75 a barrel on Tuesday. * The differential between Canadian heavy crude and the … Read more
By Nelson Bennett Sometime this year, the Mark Carney government is expected to announce a list of major “nation-building” projects that it will help advance with its Bill C-5 fast-tracking legislation. These projects have been dubbed as PONIs – projects of national interest. Let’s hope this doesn’t turn into some kind of federal welfare scheme … Read more
By: Jock Finlayson Prime Minister Mark Carney talks frequently of making Canada “the strongest economy in the G7.” That promises to be a tall order, which will require—among other things—advancing many more large-scale energy, mining and infrastructure projects in the next one to five years; streamlining Ottawa’s sclerotic project assessment and environmental permitting rules; and … Read more
CALGARY, AB, Aug. 6, 2025 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report 2025 second quarter financial and operating results. 2025 Second Quarter Financial Highlights Cash provided by operating activities of $80.1 million. Adjusted funds flow (“AFF”)(a) of $88.9 million or $0.53 per share for Advantage(b). Cash used in investing activities of $95.2 million. Net capital expenditures(a) were $48.8 million for Advantage(b). Net debt(a) of $569.9 … Read more
Calgary, Alberta–(Newsfile Corp. – August 6, 2025) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to provide the following second quarter operating results to shareholders. Lotus Creek’s Interim Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended June 30, 2025 are available for review on … Read more
CALGARY, Alberta, Aug. 06, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company“) (TSX: NVA) is pleased to announce financial and operating results for the three and six months ended June 30, 2025, and to provide an update on our operational performance. We have continued to advance our business with the goal of creating top-tier returns … Read more
CALGARY, Alberta, Aug. 06, 2025 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its second-quarter 2025 financial and operational results. Unless otherwise noted, all financial figures in this news release are in U.S. dollars. Highlights Safety and operational performance Recorded average throughput of approximately 544,000 barrels per day … Read more
Calgary, Alberta and San Antonio, Texas–(Newsfile Corp. – August 6, 2025) – Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the “Corporation“, the “Company” or “Nexera“) reports that the Corporation has not as yet filed its audited annual financial statements for the year ended March 31, 2025, the related management’s discussion and analysis, the certificates … Read more
Summary Oil prices rebound amid supply disruption concerns API crude draw data supporting prices, analysts say (Reuters) – Oil prices rebounded from the previous session’s five-week low on Wednesday, as traders focused on U.S. President Donald Trump threatening India with higher tariffs over its Russian crude purchases, and a larger-than-expected U.S. crude draw. Brent crude … Read more
This report has been produced by NGIF Accelerator ahead of the Methane Mitigation Canada Summit NGIF Accelerator is the not-for-profit arm of NGIF Capital and operates all technology and innovation programs, including the Emissions Testing Centre Program. Learn more in the brand-new report. The Natural Gas Innovation Fund (NGIF) ETC Program plays a transformative role … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for September delivery in Hardisty, Alberta, settled at $11.75 a barrel under the U.S. benchmark WTI, according to brokers, compared with $11.70 a barrel on Friday. Markets in Canada were closed on Monday for Civic Holiday. … Read more
CALGARY, AB, Aug. 5, 2025 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”), is pleased to report its second quarter 2025 financial and operating results and provide an operations and guidance update. Select financial and operational information is outlined below and should be read in conjunction with Rubellite’s unaudited condensed consolidated interim financial statements and … Read more
By: Kenneth P. Green – Fraser Institute Adaptation and Resilience in the Face of Climate Change In recent years, inflation-adjusted incomes have slumped in Canada, accompanied by a stagnation in productivity. Since the sweltering summer of 1988, when climate change first erupted as a global policy concern, there have been two broad categories of public … Read more
*Exxon, Chevron oil and gas production hit record in Q2 *Shell production drops to lowest in at least 20 years, BP’s drops from year ago *European majors hope to close a valuation gap with US rivals By Ron Bousso LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has … Read more
“We are going to be allocating capital predominantly in the U.S. until competitive projects in other jurisdictions present themselves that compel us to allocate capital elsewhere” Zac Delaney Enbridge says federal energy policies are still standing in the way of a possible major new pipeline in Canada, while its customers are looking for relatively smaller … Read more
Proposed ways to generate wealth while cleaning up inactive oil and gas sites By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta has a new set of recommendations to address the growing number of oil and gas production and infrastructure assets in the province that … Read more
Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this year, and could continue doing so even as M&A activity and hopes of interest rate cuts rise, bankers and investors said. High debt costs and worries of credit-rating downgrades for taking on debt made funding acquisitions with cash and … Read more
August 05, 2025 5:00 PM EDT | Source: Suncor Energy Inc. Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards … Read more
Canada’s merchandise trade deficit widened in June to C$5.9 billion ($4.24 billion) as imports grew faster than exports due to a one-time high-value oil equipment import, data showed on Tuesday. The deficit observed in June is the second highest on record after the deficit dipped to its largest in history n April to C$7.6 billion. … Read more
CALGARY, AB, Aug. 5, 2025 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead” or the “Company“) is pleased to announce that the Alberta Energy Regulator (“AER“) has completed its review of the Directive 088 transfer application related to the well, facility, and pipeline licenses acquired as part of the previously announced Ferrier acquisition. On Friday, August 1, 2025, the AER … Read more
Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.“Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, … Read more
Summary Falling U.S. rig count threat to oil production Lower 48 oil production expected to fall next year, analysts say Permian rig count to fall below models for steady output Analysts model Permian rig count at 240-260 for steady output (Reuters) – The falling number of oil and gas rigs deployed across the United States … Read more
Summary Brent and US crude stabilise after three consecutive declines OPEC+ output hike, demand worries add to oversupply outlook Trump again threatens India with high tariffs over Russian oil purchases (Reuters) – Oil was little changed on Tuesday as traders assessed rising OPEC+ supply and worries of weaker global demand, against U.S. President Donald Trump’s … Read more
Tourmaline Oil and ARC Resources announced new or accelerated growth plans — betting better days are ahead despite ultra-low gas prices By By Meghan Potkins – More Articles by Meghan Potkins Here Tourmaline Oil Corp. chief executive Michael Photo by Brent Calver/Postmedia files Two of the country’s largest natural gas producers announced new or accelerated growth … Read more
A decade of doing battle with the Justin Trudeau Liberals was exhausting, but if history is a reliable guide, the supporters of the conventional energy sectors in the West have what it takes to recover. By Jim Warren Enduring a decade of political ineptitude under the leadership of one of the worst prime ministers in … Read more
Calgary, Alberta–(Newsfile Corp. – August 4, 2025) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy” or the “Company“) announced today that it has entered into a definitive agreement with Delek Group Ltd. (the “Purchaser“) pursuant to which the Purchaser has agreed to acquire the Company’s common share position in InPlay Oil Corp. (“InPlay“), consisting of … Read more
CALGARY, AB, Aug. 3, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) announces that Obsidian Energy Ltd. (“Obsidian“) has entered into a definitive agreement with Delek Group Ltd. (“Delek“) in respect of the sale of all 9,139,784 common shares (“Common Shares“) in the capital of InPlay currently held by Obsidian (the “Transaction“). “We are thrilled … Read more
(Reuters) – BP said on Monday it has made its largest oil and gas discovery in 25 years in Brazil’s Santos basin, a so-called pre-salt area in deep water offshore which is believed to be a large reservoir of oil and gas. BP returned its focus to fossil fuels last year to regain investor confidence and revive … Read more
Clyde Russell (Reuters) – A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per day of crude production and still keep oil prices anchored around $70 a barrel. But this is exactly what has occurred, with the eight members … Read more
(Reuters) – Construction costs at Canada’s Woodfibre LNG project have increased, driving up capital costs for all partners involved, Canadian pipeline company Enbridge reported on Friday. The Woodfibre LNG project is a 2.1-million tonne liquefied natural gas export facility under construction near Squamish, British Columbia. The project is one of several new LNG facilities planned … Read more
Summary OPEC+ to raise output by 547,000 bpd in September Healthy economy, low stocks support production hike, OPEC+ says India to keep buying Russian oil despite Trump threats, sources say Latest Trump tariffs unlikely to budge, top negotiator says (Reuters) – Oil prices dropped on Monday after OPEC+ agreed to another large output hike in … Read more
In high-temperature process environments, accurate level measurement is critical—not only for operational efficiency, but also for the protection of assets, personnel, and uptime. A recent success story out of the UAE illustrates how Clark-Reliance’s Jerguson® FlashProof™ Magnicator® Magnetic Level Gages and SAS-16™ Snap-Action Switches are setting a new industry standard in reliability—especially in the demanding … Read more
The head of Enbridge Inc. says he’s encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home.
“I’m optimistic about our ongoing conversation…
An insulation company has been fined $210,000 in the death of a worker who fell through a roof at an Alberta oilsands facility.
The province says the worker had been replacing a building’s metal roof near Mildred Lake, north of Edmonton, in 2023.
It s…
By: Julio Mejía and Elmira Aliakbari Following last month’s European Union-Canada 2025 Summit, Prime Minister Carney and his EU counterparts issued a joint statement reaffirming their shared commitments, which include reaching “net-zero” by 2050 and transitioning away from fossil fuels. This confirms the Carney government intends to stay the course set by the Trudeau government. However, despite these … Read more
By Jim Warren I wonder if many supporters of the conventional energy sector in Alberta are embarrassed about having to go cap in hand to Ottawa for permission to expand oil production and seagoing exports. Maybe they’re more angry than embarrassed. Since the 2025 federal election Mark Carney has claimed to support nation building economic … Read more
Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report.The White House, India’s Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did … Read more
Summary Verdict could lead to more lawsuits, experts say One died, one injured in Model S crash in 2019 Tesla to appeal, blames driver Tesla shares down 1.8% on Friday, 25% this year (Reuters) – A Florida jury on Friday found Tesla liable to pay $243 million to victims of a 2019 fatal crash of an … Read more
Summary Sept hike of 548,000 bpd agreed, sources say ahead of meeting Virtual meeting starts at 1100 GMT on Sunday Oil supported by US demands for India to stop buying Russian oil (Reuters) – OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on … Read more
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Friday. WCS for September delivery in Hardisty, Alberta, settled at $11.70 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.65 a barrel on Thursday. * The differential between Canadian heavy crude and the … Read more
Canada’s economy contracted for a second straight month in May even as some sectors held up in the face of U.S. tariffs.
Real gross domestic product fell 0.1 per cent in May, Statistics Canada said Thursday, matching the decline in April.
The agency s…
By Erwin Seba Oil prices head for weekly gain US tariffs on dozens of countries take effect on August 1 Investors weigh impact from Trump threats over Russian oil HOUSTON, Aug 1 (Reuters) – Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, … Read more
LNG Canada CEO Chris Cooper thinks Canada could become a top LNG exporter, UBC economist Werner Antweiler is skeptical By Derrick Penner LNG Canada’s Kitimat natural gas liquefaction plant has barely begun exporting the super-chilled fuel, but the company’s CEO, on Wednesday, touted Canada’s potential to become a Top 5 global exporter if all the … Read more
TC Energy Corp. says it sees rising demand for natural gas pipelines in the future as it reported an increase in second-quarter profit from a year earlier, despite a complex macroeconomic backdrop.
The Calgary-based pipeline operator said Thursday tha…
IRVING, Texas–(BUSINESS WIRE)–#EnergySolutions—Fluor Corporation (NYSE: FLR) announced today that its Joint Venture (JV) with JGC Corporation has been awarded the contract to update the Front End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility located on the traditional territory of Haisla Nation in Kitimat, British Columbia, Canada. Fluor recognized … Read more
(Reuters) – U.S. oil producer Chevron expects its exports of Venezuelan crude to the U.S. to resume this month, the company’s chief executive said on Friday, following a restricted license received this week from the U.S. Treasury Department to operate in the sanctioned country and do oil swaps. Chevron’s CEO Mike Wirth also said in … Read more
Calgary, Alberta–(Newsfile Corp. – August 1, 2025) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company”) has declared a regular monthly dividend of $0.00125 per common share to be paid August 29, 2025, to shareholders of record on August 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, 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 two to 540 in … Read more
(Reuters) – U.S. President Donald Trump’s demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India, the world’s third largest oil importer, has become the biggest buyer of Russian oil … Read more
(Reuters) Canadian oil producer Imperial Oil posted a fall in second-quarter profit on Friday, hurt by lower crude prices and a decline in refinery throughput. Benchmark Brent crude prices were lower during the April-June quarter compared to a year earlier, pressured by weak global demand, market volatility due to tariffs and increased oil supply from … Read more
Quarterly net income of $949 million Cash flows from operating activities of $1,465 million and cash flows from operating activities excluding working capital1 of $1,413 million Upstream production of 427,000 gross oil-equivalent barrels per day, highest second quarter in over 30 years Kearl achieved highest-ever second quarter production of 275,000 total gross oil-equivalent barrels per day … Read more
(Reuters) – Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped to offset the impact of lower crude prices. The No. 2 U.S. oil major last month headed off a legal challenge from the biggest U.S. producer Exxon Mobil enabling it to close its … Read more
(Reuters) – A look at the day ahead in European and global markets from Stella Qiu: It is tariff deadline day and President Donald Trump delivered by slapping fresh levies on imports from dozens of countries, including those that do not have a trade deal yet. Rates were set at 35% for Canada, 25% for … Read more
CALGARY, AB, Aug. 1, 2025 /PRNewswire/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2025 financial results, reaffirmed its 2025 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations … Read more
Robust Performance Across Platform Led by Midstream CALGARY, AB, Aug. 1, 2025 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) reported second quarter 2025 financial results and provided an update on its operations, projects and other corporate developments. SECOND QUARTER HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) FINANCIAL RESULTS Normalized EPS1 was $0.27 in the … Read more
(Reuters) – OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that the producer group was still debating the final size of the increase for September. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market. But … Read more
By Jake Fuss and Grady Munro Earlier this month, federal Finance Minister François-Philippe Champagne told his fellow cabinet members to present “ambitious savings proposals” to help constrain federal spending. In response, public-sector unions cried foul while some pundits inexplicably compared Champagne’s request to the Chrétien government’s substantial spending cuts in the 1990s. Time for a reality check. Champagne told … Read more
From pipelines to highways to corridors, Canada needs big ideas that strengthen communities and secure working-class jobs, writes Jim Rushton. By Jim Rushton By Resource Works More News and Views From Resource Works Here Projects in the national interest should spark big ideas. But in British Columbia, the discussion feels narrowly confined. Today’s focus is … Read more
By Anushree Ashish Mukherjee Brent projected to average $67.84 per barrel in 2025 WTI to average $64.61 per barrel in 2025 July 31 (Reuters) – Analysts are keeping their oil price forecasts mostly unchanged for 2025, as a rise in OPEC+ output and ongoing U.S. tariff uncertainty weigh on the market, a Reuters poll showed … Read more
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The chief executive of Imperial Oil Ltd. says he is encouraged by discussions with the federal government regarding support for industry projects, as the company reported second-quarter results.
“When I think broadly about the outlook for future inve…
Weather, wildfires, commodity prices and an uncertain trade environment have all contributed to this year’s drop, industry watchers say By Steven Wilhelm Canada’s oil and gas drilling rigs are having a slow start to the summer — even as talk of a potential new pipeline heats up. The latest data shows just over 160 rigs were … Read more
Summary Blackstone may pay around $6 billion for Enverus Veritas Capital also showed interest in Enverus Enverus owner H&F has been running sale process in recent weeks (Reuters) – Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in … Read more
(Reuters) – Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic activity and lower global fuel demand growth. Brent crude futures rose 4 cents, or 0.06%, to $71.74 a barrel by 1201 GMT. U.S. … Read more
Cenovus Energy Inc. says it is “cautiously optimistic” about the federal government’s commitment to building new projects that aim to spearhead economic growth, but the company hopes to see Ottawa clear obstacles that lie in the way for the energy sec…
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada