The United States and Israel launched strikes on Iran on Saturday, targeting its leadership and plunging the Middle East into a new conflict that President Donald Trump said would end a security threat and give Iranians a chance to topple their rulers. The strikes put nearby oil-producing Gulf Arab countries on edge as fears of … Read more
The United States and Israel launched an attack on Iran on Saturday. The attack could disrupt oil and gas output and cause damage to energy infrastructure in the Middle East. Following are facts on Iran’s energy industry, exports, and the impact of Western sanctions: OIL PRODUCTION AND INFRASTRUCTURE Iran, the third largest producer in the … Read more
The official White House X account released remarks from President Trump early this morning, in regards to the United States combat operations in Iran, which began overnight. The President appears to be seeking regime change in Iran, and said to the Iranian people: “When we are finished, take over your government. It will be yours … Read more
OPEC+ will discuss the possibility of a larger output increase when key members meet on Sunday, after Israel carried out airstrikes on targets in Iran, Bloomberg News reported on Saturday, citing a delegate.
(Reuters) – The United States and Israel launched strikes on Iran on Saturday, targeting its leadership and plunging the Middle East into a new conflict that President Donald Trump said would end a security threat and give Iranians a chance to topple their rulers. The strikes put nearby oil-producing Gulf Arab countries on edge as fears of escalation grew, … Read more
Local media reports strikes are hitting Iran nationwide U.S. and Israel launch an attack on Iran, as U.S. President Donald Trump confirms ‘major combat operations’ are underway. We have launched a live page with all the latest developments. The latest: Trump says U.S. has launched ‘major combat operations’ in Iran. 1st apparent strike hit near … Read more
Detecting airborne hydrocarbons including methane, hydrogen and other fugitive emissions within seconds of exposure. Revolutionizing Engine Safety with ShockerEDGE As a leader in the global energy sector, your commitment to safety is paramount. With ShockerEDGE, you have the opportunity to set a new standard in industrial safety. ShockerEDGE is the first and only technology of … Read more
By Erwin Seba US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week Brent and WTI benchmarks trade at multi-month highs UAE, Saudi to increase output in April, sources say HOUSTON, Feb 27 (Reuters) – Oil prices rose about 2% on Friday with traders bracing for supply disruptions … Read more
Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Company“, or the “Corporation“) Calgary, Alberta–(Newsfile Corp. – February 27, 2026) – Prospera Energy is pleased to announce that the Company has been invited to present at an industry leadership presentation and a technical industry conference, reflecting growing industry recognition of Prospera’s disciplined heavy … Read more
Feb 27 (Reuters) – Barclays said Brent crude could rise to around $80 per barrel in the event of a material supply disruption, as U.S.-Iran tensions remain elevated. “While it is entirely possible that an escalation does not lead to a supply disruption and the $3-5/b risk premium in oil prices fades quickly, even a … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 550 in … Read more
Canada’s main stock index finished lower on Friday, while U.S. stock markets also retreated amid weakness in technology stocks.
Brian Madden, chief investment officer with First Avenue Investment Counsel, said that while Canada’s main stock index los…
Electricity generator TransAlta Corp. has announced plans to power a new data centre west of Edmonton in partnership with the Canada Pension Plan Investment Board and Brookfield, which comes as the Alberta government aims to grow that nascent industry…
CALGARY, Alberta, Feb. 27, 2026 (GLOBE NEWSWIRE) — TransAlta Corporation (TSX: TA) (NYSE: TAC) (TransAlta or the Company) is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with Canada Pension Plan Investment Board (CPP Investments) and Brookfield to advance a data centre development in Alberta, for which TransAlta will be the exclusive … Read more
(Reuters) – The shale revolution that made the United States the world’s top oil producer is taking shape in the Arabian Desert. Deep in the sands southeast of Saudi Arabia’s giant Ghawar oilfield, state oil company Aramco is pushing ahead with a natural gas megaproject that could boost the kingdom’s revenues by billions of dollars … Read more
By Tegan Hill According to the Smith government’s new budget, the government will not contribute to the Heritage Fund this fiscal year. The abrupt halt, after $5.6 billion in total contributions from 2022/23 to 2025/26, underscores the need for more robust fiscal rules to manage Alberta’s volatile finances. Alberta’s finances are inherently volatile due largely to … Read more
Imports exceed the output from the new Site C dam By Don MacLachlan Barry Penner and Carole Taylor By Resource Works More News and Views From Resource Works Here In his latest warning, Barry Penner, chair of the BC-based Energy Futures Institute, says BC imported more electricity in 2025 than the Site C power dam can … Read more
Mersey River Wind says electricity from 33 turbines will be competitive with Nova Scotia Power rates By Aaron Beswick As of this fall, Nova Scotians will be able to buy electricity from a company other than Nova Scotia Power. That is if Mersey River Wind gets some of its 33 wind turbines up, spinning and … Read more
February 27, 2024 – HALIFAX, NS – Today, Dalhousie University announced the Call For Participation for the Nova Scotia Subsurface Energy Research and Development Investment Program. The launch of the call for industry participants signals the start of program activities to help understand the potential of Nova Scotia’s onshore natural gas deposits and support informed, evidence-based based energy and climate decisions. “Nova Scotia has enough onshore natural gas to meet our needs for 200 years,” said Premier Tim Houston. “Yet we currently … Read more
Summary US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week OPEC+ to consider oil output increase for April, sources say Oil prices rose more than $1 on Friday as traders remained on alert for potential supply disruptions after the United States and Iran extended nuclear talks. Brent … Read more
By Kenneth P. Green I’d like to wholeheartedly praise Prime Minister Mark Carney for his recent decision to kill the federal electric vehicle (EV) mandate, which required that all new light-duty vehicles sold by 2035 be battery electric or plug-in hybrids. The mandate was always a bad idea, as were similar EV mandates adopted elsewhere, such … Read more
Pembina Pipeline Corp. says it has decided to proceed with two pipeline expansion projects in British Columbia and Alberta as it announced a dip in fourth-quarter earnings.
The Calgary-based energy infrastructure company says earnings for the final t…
Alberta’s finance minister is set to hit the road today to discuss a new provincial budget that is big on spending but also carries an eye-popping deficit of more than $9 billion.
Nate Horner will discuss the budget with business leaders at the Calgar…
Summary Brent projected to average $63.85 per barrel in 2026 WTI projected to average $60.38 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Supply risks from ongoing geopolitical tensions have prompted analysts to raise their oil price forecasts for the year, despite concerns that an oversupply will continue to weigh … Read more
Prime Minister Mark Carney’s trip to India meant to reset bilateral relations after two years of extreme tensions.
Canada and India halted trade talks and pulled their diplomats after Canada alleged in both 2023 and 2024 that agents of the government …
Venezuela’s oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had no impact on the country’s oil and gas output so far, the sources said. State oil giant PDVSA is selling … Read more
Oil-producing province of Alberta forecast a budget deficit of C$9.4 billion ($6.87 billion) for its 2026/27 fiscal year on Thursday, breaking its own rules on allowable deficit financing and blaming lower global crude prices that have walloped the government’s resource revenues. The outlook reflects Alberta’s vulnerability to commodity price fluctuations, prompting the provincial government … Read more
Calgary, Alberta–(Newsfile Corp. – February 26, 2026) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to provide the results of its independent reserves evaluation as at December 31, 2025, prepared by McDaniel & Associates Consultants Ltd. (“McDaniel“). 2025 Overview – Portfolio Rationalization Year During 2025, Lycos executed a strategic monetization of certain heavy … Read more
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); adjusted cash flow from operating activities; and … Read more
CALGARY, Alberta, Feb. 26, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more
By Jack Dura Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP Photo/Jack Dura) BISMARCK, N.D. (AP) — A North Dakota judge has said he will order Greenpeace to pay damages expected to total $345 … Read more
Summary US oil stockpiles rise by the most in three years US-Iran nuclear talks seek to avert military conflict Saudi Arabia boosts oil output (Reuters) – Oil prices fell on Thursday after the biggest jump in U.S. crude inventories in three years, with signs of weakness in the physical oil market also weighing on prices, … Read more
Ron Bousso LONDON, Feb 26 (Reuters) – OPEC+ meets on Sunday to set its next production move amid heightened geopolitical friction affecting nearly a third of its output. That volatility may give the group cover to stick to its balanced-market narrative, even if the facts on the ground suggest otherwise. The group, which comprises the Organization of … Read more
Tourmaline achieves a Grade ‘A’ rating for methane performance under MiQ – the global methane certification standard LONDON and CALGARY, AB, Feb. 25, 2026 /CNW/ — Canada’s largest natural gas producer, Tourmaline Oil Corp. (“Tourmaline”), is the first company in the world to have its integrated natural gas production system independently certified under MiQ’s methane emissions standard … Read more
But does that mean 50 or 100 million tonnes a year? By Don MacLachlan Tim Hodgson at a news conference, 2025. By Resource Works More News and Views From Resource Works Here We begin with this word from Prime Minister Mark Carney: “By 2030, Canada will produce 50 million tonnes of LNG each year, all of which … Read more
Island Generation is being phased out, and Campbell River mayor Kermit Dahl says Vancouver Island residents will pay the price. By Geoff Russ Campbell River Mayor Kermit Dahl at Get It Done BC last year. By Resource Works More News and Views From Resource Works Here Campbell River Mayor Kermit Dahl says the planned closure … Read more
We have ignored the warning signs for long enough. By Jim Rushton Minister of National Defence David McGuinty rises during Question Period on Parliament Hill in Ottawa, Wednesday, Feb. 4, 2026. THE CANADIAN PRESS/Adrian Wyld By Resource Works More News and Views From Resource Works Here Thirty years of obsession with climate change and globalized … Read more
It’s budget day in Alberta, and the overarching question is not whether the budget will show a deficit, but exactly how many billions of dollars in the red it will be.
Premier Danielle Smith has signalled for weeks that the deficit is going to be, in …
By Sing Yee Ong Australia is shipping LNG much further than its main buyers in Asia as demand for the super-chilled fuel in the region falters. East Canada is set to receive its first Australian shipment of the fuel on the Maran Gas Hector on Thursday, according to ship-tracking data compiled by Kpler that goes … Read more
Early plans included three or four ‘network corridors’ where hydrogen fuel-cell facilities could support railways or heavy-duty trucks By Laura Dhillon Kane Hyundai Motor Co. has proposed building hydrogen fuel-cell infrastructure in Canada as part of South Korea’s bid for a contract to build a new submarine fleet, according to an executive at Hanwha Ocean … Read more
By Weilun Soon, Serene Cheong, and Nicholas Lua Iran’s main oil export terminal at Kharg Island in the Persian Gulf. Photographer: Fatemeh Bahrami/Getty Images/Anadolu Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or … Read more
By Emma Sanchez A Tenaris frack set in the Vaca Muerta formation in Argentina, one of the world’s largest shale gas reservoirs. Source: Tenaris US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere. Over the past two … Read more
CALGARY, AB, Feb. 25, 2026 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its fourth quarter and year end 2025 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis (“MD&A”) as at and for the year ended December … Read more
CALGARY, AB, Feb. 25, 2026 /CNW/ – The Canada Energy Regulator (CER) has launched the CER Portal, a secure, one‑window access point for certain regulatory filings. The Portal improves how the CER processes applications, saving time, reducing effort and improving regulatory efficiency. Companies can securely submit project notifications and applications for pipelines under 40km in length online (Section … Read more
(Reuters) – Several countries have begun withdrawing dependents of diplomatic personnel and non-essential staff from some locations in the Middle East, or advising citizens to defer travel to Iran, amid rising tensions between Washington and Tehran. Here are some of the moves: AUSTRALIA: The government has told dependents of Australian diplomats in Israel and Lebanon … Read more
(Reuters) – OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of OPEC+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the U.S. and OPEC member Iran. The resumption of output increases after a three-month … Read more
(Reuters) – U.S. crude oil imports from Venezuela rose to their highest since January 2025, the U.S. Energy Information Administration’s (EIA) said on Wednesday. Imports from Venezuela rose by 290,000 barrels per day (bpd) to 339,000 bpd in the week ended February 20, according to data from the EIA’s Petroleum Supply Report. Reporting by Nicole … Read more
(Reuters) – Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any U.S. strike on Iran disrupts supplies from the Middle East, two sources familiar with the plan said on Wednesday. The Saudi government media office did not immediately respond to a request for comment on the … Read more
CALGARY, AB, Feb. 25, 2026 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three months and year ended December 31, 2025, together with the results of the Company’s independent oil and gas reserves evaluation as of December 31, 2025 as prepared by Tamarack’s independent qualified reserves evaluator, McDaniel & Associates … Read more
(Reuters) – The oil industry needs crude prices to rise and sustain at $70 per barrel in order to grow output, executives said on Tuesday. U.S. oil production can be maintained at its current level in the $60 to $65 price range, said Vicki Hollub, CEO of U.S. oil producer Occidental, during an Energy Aspects … Read more
Summary US-Iran talks could prevent conflict and supply disruption Deal with US hinges on diplomacy, Iranian minister says US oil stocks rise and gasoline inventories fall, API data shows (Reuters) – Oil prices held around seven-month highs on Wednesday as investors weighed up the threat to oil supply from potential military conflict between the U.S. … Read more
On November 12, 2025, Emissions Reduction Alberta (ERA) announced $22.4M in funding towards methane reduction from oil and gas operations through the “Methane Reduction Deployment Program” (MRDP). The intent of the program is to accelerate the deployment of commercially available methane mitigation technologies by offering ERA funding to early adopters1. This grant is being released amid new … Read more
On North America’s western seaboard, virtue is policy – until one day gravity speaks up, as it always does. This Article and More by Stewart Muir Here There is something in the water on the Pacific Coast that makes the governments of British Columbia and California uniquely susceptible to a particular strain of policy enthusiasm. … Read more
The rebrand comes as oilsands majors are deep in negotiations with government over a phased plan to cut emissions By This Article and More by Meghan Potkins Here Oilsands producers and the Alberta and federal governments are stepping up talks ahead of an April 1 deadline for a deal tying a major carbon capture proposal … Read more
By Ron Wallace READ PART 1 HERE | READ PART 2 HERE “We’ve got to work together and get out of our own way……I applaud the tone, the vision of our Prime Minister but (the) rubber has got to hit the road. We know what we have to do from a policy perspective … Read more
By Amanda Stephenson Carney was aware of South Bow’s Keystone XL revival plans when he discussed pipeline with Trump South Bow considers reviving parts of Keystone XL pipeline in expansion project Carney asked Trump in October if he would be interested in reviving Keystone with Canadian support CALGARY, Feb 24 (Reuters) – Canadian Prime Minister … Read more
Crude-by-Rail exports hit 13 year low as pipeline capacity expands In 2025, Canadian crude-by-rail exports drop to lowest level since 2012, averaging 77,246 barrels per day (b/d), a 13% drop from 2024’s average of 88,664 b/d. This decline follows the completion of the Trans Mountain Expanded System in May 2024, which eased long-standing pipeline capacity … Read more
CALGARY, Alberta, Feb. 24, 2026 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the year ended December 31, 2025. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available on Pulse’s website … Read more
Calgary, Alberta–(Newsfile Corp. – February 24, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to report its year-end 2025 oil and gas reserves evaluation. 2025 Reserve Report Highlights: Proved developed producing (“PDP“) reserves decreased 11% to 31.7 MMboe, with a corresponding decrease of 10% in the net present value discounted … Read more
CALGARY, AB, Feb. 24, 2026 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to provide fourth quarter and annual 2025 financial results. Select financial information is outlined below and should be read in conjunction with Topaz’s consolidated financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) as at and for the three … Read more
Big trucks and engines are back among US automakers, even as electrics gain ground around the globe. By Keith Naughton and David Welch Detroit under Donald Trump has rediscovered its love of the big, roaring engine. By gutting climate regulations, the president has freed US automakers to sell as many gas-burning trucks and SUVs as … Read more
Alberta is taking another run at having a court strike down federal project review legislation.
The Alberta Court of Appeal started hearing the province’s second challenge to Ottawa’s Impact Assessment Act in Calgary on Tuesday.
The act sets out a p…
(Reuters) – In the ten years since the first export cargo of liquefied natural gas (LNG) left Texas, the United States has grown rapidly into the top supplier of the ultra-cooled fuel to world consumers. That dramatic expansion shows no sign of slowing down, with analysts and industry executives projecting that record U.S. LNG export … Read more
(Reuters) – Iran’s Foreign Minister Abbas Araqchi said on Tuesday that a deal with the U.S. was “within reach, but only if diplomacy is given priority”, days ahead of expected talks between the two sides in Geneva. “Iran will resume talks with the U.S. in Geneva with a determination to achieve a fair and equitable … Read more
(Reuters) – Argentina’s shale oil resource could be similar in size to that of the Permian Basin, the top oilfield in the U.S., Continental Resources CEO Doug Lawler said on Tuesday. Argentina’s projections show that oil output could reach 1.5 million to 2 million barrels per day in the next few years, but the U.S. … Read more
By Hadeel Al Sayegh Summary KPC seeks $7 billion by leasing oil pipelines, sources BlackRock, Brookfield, others show interest in KPC deal, sources KPC transaction could launch end of February, sources Feb 24 (Reuters) – National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with a large group of potential investors over … Read more
CALGARY AB, Feb. 24, 2026 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that its Board of Directors have approved a capital program of $66 – $74 million for 2026. InPlay had a stellar 2025 with an accretive and transformational acquisition in our core area and a very successful drilling program. Throughout 2025, … Read more
Ron Bousso (Reuters) – A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it. For now, uncertainty dominates in this protracted standoff, with U.S. and Iranian officials continuing to hold indirect talks, as American military … Read more
Summary Both crude benchmarks hover near seven-month highs US-Iran tensions key market driver in near term, analysts say US tariff situation creating market uncertainty (Reuters) – Oil prices hovered near seven-month highs on Tuesday, with traders assessing risks to supply from any military escalation as another round of U.S.-Iran nuclear talks loomed. Brent crude futures … Read more
By Connor O’Shea For many Canadian students, oil and gas has come to feel like a risky career choice. The idea that the industry is approaching an imminent expiry date became a common narrative—reinforced by the “just transition” language of years past, by school curricula, and by a broader cultural assumption that renewables would soon … Read more
By Charles St‑Arnaud, Chief Economist, Servus Credit Union Key takeaways: More than 20% of Alberta’s fiscal revenues come from non-renewable resource royalties. While this seems high, it is still lower than the 2000 to 2008 period, when it averaged around a third of fiscal revenues. Hence, the lower oil prices compared to the assumptions used … Read more
By Jason Clemens In a much anticipated ruling from the Supreme Court of the United States (SCOTUS), a 6–3 majority of the justices, including two Trump appointees, ruled that the president’s use of a 1977 law to impose global tariffs as well as selected tariffs on countries like China, Mexico, and Canada was illegal. The decision … Read more
By Kenneth P. Green Adapting to Climate Change across Canada As global GHG mitigation efforts continue to fail, adaptation efforts to deal with potential harms of a warming climate may be coming into fashion. This is overdue, particularly for Canada: Canada’s contribution to global greenhouse-gas emissions is less than 2%, suggesting even dramatic emission reductions … Read more
Canada’s midstream energy sector is hitting all-time highs. Here’s what’s driving the rally — and what it tells us about the country’s energy future. By Ian Biana By Resource Works More News and Views From Resource Works Here Something remarkable is happening in Canadian energy markets. While pundits continue to debate the pace of energy … Read more
The line from Canada to Wyoming could potentially piggyback off pipe laid for the cancelled project This Article and More by Meghan Potkins Here A major new oil pipeline proposed to carry crude from the Canadian border to a hub in Wyoming could potentially piggyback off of existing pipe laid for the cancelled Keystone XL project, … Read more
Crude output is expected to be relatively steady in North Dakota in February, the third-largest U.S. oil-producing state, a state regulator said on Monday, with little change expected in drilling activity. Operators are likely to hold their drilling rig count, an indicator of future output, near current operational levels of 26 for the year, said … Read more
Strategic Transformation Complete, Driving Increased Shareholder Returns Highlights: Full Year 2025 Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $3.8 billion and Non-GAAP Free Cash Flow of $1.6 billion after capital expenditures of $2.1 billion Produced average total volumes of 615 thousand barrels of oil equivalent per day (“MBOE/d”), including 209 … Read more
CALGARY, AB , Feb. 23, 2026 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and audited financial results for the three months and year ended December 31, 2025 and year end 2025 reserves. Selected financial and operating information is outlined below and should be read with Whitecap’s audited annual consolidated … Read more
Whitecap Resources Inc. reported net income of $307.2 million in the fourth quarter, up from $233.8 million during the same period the previous year.
The company says its net income amounted to 25 cents per share during the quarter, down from 4…
If it were possible, vast majority of Canadians would block QC (71%) or AB (79%) from separating February 23, 2026 – The likelihood of Canada losing either Alberta or Quebec from its federation appears low for now – given that a strong majority of residents in both provinces say they have no interest in the idea … Read more
LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on the Alberta government to cut spending, pay down debt, and increase transparency for bureaucrat salaries. These are the CTF’s key pre-budget recommendations for Alberta. “Premier Danielle Smith has done the right thing for Albertans by cutting taxes,” said Kris Sims, CTF Alberta Director. “But now she needs … Read more
CALGARY, Alberta, Feb. 23, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT), announced today that it has submitted an acquisition proposal (the “Proposal”) to the Board of Directors (the “Frontera Board”) of Frontera Energy Corporation (TSX: FEC) to acquire all of Frontera’s Colombian upstream business in an all-cash offer for … Read more
Calgary, Alberta–(Newsfile Corp. – February 23, 2026) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is pleased to present the results of its independent reserve reports effective December 31, 2025. Consistent with prior years, Cardinal’s year-end 2025 non-thermal reserves were evaluated by GLJ Ltd. (“GLJ”). The thermal reserves were independently evaluated by McDaniel & Associates Consultants … Read more
CALGARY, AB, Feb. 23, 2026 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2025, filing of its Annual Information Form (“AIF“), and provide an operations update. Selected financial and operational information is set out below and should be … Read more
Spot prices for liquefied natural gas (LNG) in Asia have drifted lower despite solid demand in the top-consuming region and record imports by Europe. Throw in tensions in the Middle East and the threat to shipments from Qatar, the second-biggest exporter behind the United States, and the relaxed spot price seems incongruous. Part of the … Read more
(Reuters) – Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing lower OECD stocks, even as it continued to assume no Iran-related supply disruption and maintained its view of a surplus this year. For the year, it now expects … Read more
Summary Brent benchmark remains close to six-month highs Iran and US to hold third round of talks on Thursday Trump’s latest tariff measures rekindle economic uncertainty (Reuters) – Oil prices steadied on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of potential conflict and partly offsetting economic … Read more
Nitrogen plays a critical role across energy operations—from inerting and purging to blanketing and maintenance support. But the value of nitrogen depends on one thing: delivering it at the right pressure, consistently, across every stage of the compression system. For OEMs building nitrogen generation and high-pressure compression packages for energy facilities, pressure switching shows up … Read more
Goa, India – GLJ Ltd. (“GLJ”) and Techno Canada Inc. (“TCI”) are pleased to announce the signing of a new joint venture agreement, GLJ WW Private Limited, formalized on January 27, 2026, at the opening day of India Energy Week 2026 in Goa. This joint venture brings together two firms with complementary strengths: certification, engineering studies, and evaluations. Building on that … Read more
Years of belt tightening after COVID and a surge in oil prices in 2022 shored up the largest energy producers financial states By Robert Tuttle Canada’s oilpatch is ripe for a mega merger, analysts say, after a bumper year for deals has left relatively few smaller targets available. The value of deals executed or pending … Read more
(Reuters) – Canada broke an all-time production level for natural gas in November 2025, surpassing 20 billion cubic feet per day (bcf/d) for the first time, data from the Canada Energy Regulator (CER) showed on Friday. National production reached about 20.04 bcf/d in November, according to CER data. The CER said long-running growth trends and … Read more
CAPP’s Lisa Baiton and the Macdonald-Laurier Institute’s Heather Exner-Pirot urge Parliament to resolve regulatory contradictions and attract capital By Don MacLachlan Heather Exner-Pirot (left) and Lisa Baiton were among recent visitors to Parliament’s standing committee on natural resources. Exner-Pirot photo by Resource Works News; Lisa Baiton photo by Business Council of British Columbia. By Resource … Read more
The Calgary Centre Conservatives are pleased to invite you to an exclusive evening of conversation featuring Member of Parliament Greg McLean and W. Brett Wilson. You can look forward to an intimate discussion with Greg McLean and a nationally-renowned Calgary business leader. The theme for discussion will be energy security, pipelines and building a stronger … Read more
Summary Oil prices hold near six-month high Strait of Hormuz supply risk fears US Supreme Court decision on tariffs has little effect on crude Traders and investors bet on rising prices: Saxo Bank (Reuters) – Brent crude prices rose in late-day short-covering on Friday as investors worried about U.S. military action, as President Donald Trump … Read more
The U.S. Supreme Court’s Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told Reuters that broader energy flows would likely remain unchanged for now. The court’s ruling could reduce the cost of building LNG plants and … Read more
Oilsands producer’s profit rose sharply in the fourth quarter This Aritcle and More by Meghan Potkins Here A Cenovus employee works at its Christina Lake oil facility in Alberta. Photo by Brent Lewin/Bloomberg Cenovus Energy Inc. said it is prepared to back new pipeline projects or expansions to help keep Western Canadian crude prices stable as … Read more
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged 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, held steady at 551 in the … Read more
(Reuters) – ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up over the years through deals with Concho Resources and Shell, are expected to fetch about $2 billion, … Read more
Alberta will hold a referendum this fall to ask residents if its government should limit the number of new international students, temporary foreign workers and asylum seekers arriving in the oil-rich Canadian province. The move, announced by Premier Danielle Smith in a televised address on Thursday evening, represents an attempt by Alberta to wrest control … Read more
Summary Oil prices hold near six-month high Strait of Hormuz supply risk in focus Traders and investors bet on rising prices: Saxo Bank (Reuters) – Oil prices traded near six-month highs on Friday, poised for their first weekly gain in three weeks on growing concern over potential conflict after Washington said Tehran will suffer if it … Read more
By: Kenneth P. Green Back on Feb. 5, the Carney government gave me a birthday present—it terminated the electric vehicle (EV) sales mandate, which required that all new cars sold in 2035 would be battery-powered or at least half-battery-powered (plug-in hybrids). This is a big policy win for the Canadian people. Or is it? A … Read more
Kathairos Solutions says its liquid-nitrogen approach can eliminate routine methane releases from remote well-site pneumatics as Canada tightens methane rules and the company earns global awards recognition. A Calgary cleantech company says it is scaling up a nitrogen-based system designed to eliminate methane venting from pneumatic devices on remote oil and gas well sites, a … Read more
The Newfoundland and Labrador government says it is owed more than $34 million in land reserve fees by several companies that had hoped to build wind-powered hydrogen and ammonia operations in the province.
And the province intends to collect the mon…
CNN The Supreme Court on Friday ruled that President Donald Trump violated federal law when he unilaterally imposed sweeping tariffs across the globe, a striking loss for the White House on an issue that has been central to the president’s foreign policy and economic agenda. The decision is arguably the most important loss the second Trump administration has … Read more
Canada is recalibrating its electric vehicle strategy on multiple fronts, reshaping both trade policy and domestic regulations. The January trade agreement with China is rippling through the country’s auto sector, placing electric vehicles at the centre of a broader effort to strengthen and diversify trade agreements with new and existing partners. As part of the … Read more
CALGARY, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to present the results and in-depth analysis of its independent reserves report effective December 31, 2025. The evaluation encompassed 100% of Peyto’s reserves and was conducted by GLJ Ltd. (“GLJ”). This marks the Company’s 27th year of … Read more
CALGARY, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) is pleased to announce that it has entered into a purchase and sale agreement to sell its remaining working interest in the Simonette asset for total cash consideration of C$62.5 million and will have an effective date of January … Read more
CALGARY, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) — Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce that it has entered into a definitive purchase agreement today with a subsidiary of a publicly-traded oil and gas company (the “Vendor“), pursuant to which Logan will acquire the Vendor’s entire interest in certain assets predominantly in … Read more
(Reuters) – Here are key facts about international oil companies in Venezuela, a country with vast oil reserves but dilapidated energy infrastructure. In the 2000s, then President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country’s oilfields. After capturing President Nicolas Maduro in January, the United States eased … Read more
Meeting the moment: Rife is open for business with a streamlined structure and pension-backed private royalty capital CALGARY, AB, Feb. 19, 2026 /CNW/ – Redefined with a new, unified corporate structure, Rife is meeting the moment in Canada’s nation-building resource development in energy, mining and critical minerals. Rife’s position as an institutional capital partner comes at … Read more
Canada’s main stock index rose more than 200 points on Thursday, while U.S. markets lost ground.
Much of the gains on the TSX came from the energy sector, which benefited from rising oil prices amid worries about a potential conflict between the Unite…
By Monique Mulima Canadian energy shares are poised for their first record close in nearly eighteen years, helped by rising oil and natural gas prices and a return of investor interest in the sector. Oil surged this week as traders weighed whether US-Iran talks will be enough to head off conflict after a report suggested … Read more
The conflicting positions of US President Donald Trump and major European governments came to the fore at a meeting of the west’s most important energy forecaster. For the first time in nine years, the International Energy Agency — created by developed nations in the 1970s to oversee energy security — failed to release a communique setting out … Read more
(Reuters) – President Donald Trump warned Iran on Thursday that it must reach a deal over its nuclear program or “bad things” will happen, and appeared to set a 10-day deadline before the U.S. might take action. Amid a massive U.S. military buildup in the Middle East that has fueled fears of a wider war, … Read more
By Ross McKitrick Prime Minister Mark Carney, recognizing the need to act decisively to support our auto sector, has scrapped Canada’s electric vehicle (EV) mandate. Or has he? Unfortunately close inspection shows that he merely rephrased the policy but the effect remains the same. Following the pattern of indecision and obfuscation set by his “Memorandum of Understanding” with Alberta, … Read more
(Reuters) – International Energy Agency Director Fatih Birol said on Thursday that oil demand growth is less than one million barrels per day and that a substantial surplus was expected. He said that it is up to OPEC+ countries to decide what they are going to do “but given the demand being less than one … Read more
(Reuters) – Crude oil exports from the world’s largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organizations Data Initiative showed on Thursday. Saudi Arabia’s crude output stood at about 10.084 million bpd in December, its highest since … Read more
Calgary, Alberta–(Newsfile Corp. – February 19, 2026) – The Board of Directors of Trans Mountain Corporation (“Trans Mountain”) today announced the appointment of Don Lindsay as a director of Trans Mountain and as Chair of the Board, effective February 24, 2026. Mr. Lindsay will assume the role from Ms. Patricia Koval, who has served as … Read more
CALGARY, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the closing of its previously announced acquisition of operated, oil-weighted Cardium assets in the Harmattan area of Alberta (the “Acquisition”), the closing of its associated equity financings, and the approval of its 2026 capital budget and … Read more
Summary Chevron in prime position for early gains in Venezuela Challenges include repairing infrastructure, securing diluents Legal risks and regulatory uncertainty remain for oil companies CABIMAS, Venezuela, Feb 19 (Reuters) – In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela’s oil-producing region of Lake Maracaibo. … Read more
Reuters – The U.S. Energy Secretary Chris Wright gave the International Energy Agency on Thursday a one-year deadline to move away from its net zero climate-focused agenda or risk losing the U.S. as a member. In 2015 the U.S. and nearly 200 other countries signed the Paris Accords, an international pledge to limit global warming … Read more
Summary Brent and WTI benchmarks up more than 1% Prices buoyed by concern over potential U.S.-Iran conflict US crude and fuel inventories fell last week, sources said (Reuters) – Oil prices rose on Thursday, driven by increasing concerns over potential military conflict between the United States and Iran as both countries stepped up military activity in the … Read more
By Reuters Cenovus Energy surpassed market estimates for fourth-quarter adjusted profit on Thursday, helped by higher upstream production. Canadian oil sands producers, including Cenovus, have remained resilient amid a global oil industry downturn, supported by years of investment that have made them among North America’s lowest-cost producers. The country’s oil producers are also gaining from the expanded Trans Mountain … Read more
• Average production of 27,971 boe/d in the fourth quarter, generated $56.6 million of funds flow from operations • Successful 2025 capital program including waterflood initiatives resulted in reserve replacement ratios over 100% • Active prepaid equity forward program in Q4/25 and into 2026 with a total of 4.3 million shares purchased Calgary, Alberta–(Newsfile Corp. … Read more
Calgary, Alberta–(Newsfile Corp. – February 18, 2026) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its annual results for 2025. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the consolidated financial statements and related notes for the year ended December 31, … Read more
CALGARY, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its fourth-quarter and full-year 2025 financial and operating results. In the quarter, the company generated approximately $2.4 billion in cash from operating activities, $2.7 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the … Read more
By Tegan Hill Stashing money aside for use in lean times only makes fiscal sense. Photo by BrianAJackson /Getty Images/iStockphoto The Smith government will table its budget for the 2026/27 fiscal year on Feb. 26. Following last year’s large budget deficit, Premier Smith recently warned “significant” deficits are on the way amid low oil prices. … Read more
“I’m no politician … it’s time to speak the unvarnished truth,” Nuttall tells MPs, pitching new export pipeline capacity as an economic and security imperative By Geoff Russ By Resource Works More News and Views From Resource Works Here Eric Nuttall is not an elected official, and he made a point of it at the … Read more
A look back at the 2022 worksite assault and the new reality: Indigenous-led LNG and pipeline stakes are reshaping the debate By Don MacLachlan Fifteen to 20 masked individuals descended on the remote worksite overnight on Feb. 17, 2022, destroying $20 million worth property. By Resource Works More News and Views From Resource Works Here … Read more
Pieces of the Trans Mountain Pipeline project sit in a storage lot outside of Abbotsford, British Columbia, Canada, on June 6, 2021. – The Trans Mountain Pipeline System is a pipeline that conveys crude and refined oil from Alberta to the coast of British Columbia, Canada. (Photo by Cole Burston / AFP) (Photo by … Read more
Calgary, Alberta–(Newsfile Corp. – February 18, 2026) – Green Impact Partners Inc. (TSXV: GIP) (“GIP” or the “Company”) announces that the Court of King’s Bench of Alberta has issued an Initial Order today under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) in respect of the Company and certain of its subsidiaries. The Initial Order provides … Read more
Amid mounting international trade pressures, Canada can be its own best customer By Grady Semmens Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Tenaris manufactures seamless and welded pipe at its Sault Ste. Marie, Ont. facility. Photo courtesy Tenaris In the heart of the Canadian Shield, the Tenaris … Read more
By Bruno Venditti | Graphics/Design Christina Kostandi Key Takeaways Renewables generate 67% of Canada’s electricity, compared to just 22% in the U.S. Natural gas is the top power source in most U.S. states, while hydro dominates in Canada. Coal, nuclear, wind, solar, and even petroleum still lead in select regions. What powers your state or … Read more
Summary Ukraine peace talks end in Geneva after Zelenskiy says Russia stalling Iran, US reach understanding on main ‘guiding principles’ in nuclear talks Eurasia Group sees 65% chance of US strikes on Iran by April Iran and Russia to conduct navy drill on Thursday, Fars news agency reports (Reuters) – Oil prices gained nearly 3% … Read more
In Central Alberta, a major Canadian oil and gas producer has deployed, and remotely managed, a synchronized turbine array to combust flare gas and support the flowing of its oil wells. Six wells at a truck-offloading production facility have run successfully for several months while remaining fully compliant with both Alberta and federal emissions standards. … Read more
By Ron Wallace READ PART 1 HERE – PUTTING THE CART BEFORE THE HORSE – A Canadian Oil Export Pipeline in Search of a Port “We are going to get to our greenhouse gas objectives, our climate objectives only through massive investment and so we need agreements like this in order to drive that … Read more
CALGARY, AB, Feb. 17, 2026 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) announces the results of the 2025 year end reserves evaluation. 2025 RESERVES EVALUATION HIGHLIGHTS Logan is pleased to provide below select highlights from the results of its oil and gas reserves evaluation as of December 31, 2025 (the “McDaniel Report“), as prepared by … Read more
DENVER, Feb. 17, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer, for cash proceeds of $3.0 billion. The sale includes approximately 360 thousand net acres, which represents substantially all of the company’s … Read more
Ovintiv said on Tuesday it agreed to sell its Anadarko assets in Oklahoma to an undisclosed buyer for $3 billion, as the company sharpens its focus on higher-margin plays in the Permian Basin and Canada’s Montney. Shares of the company rose nearly 2% in extended trading. The divestiture delivers on a plan the company outlined in … Read more
(Reuters) – U.S. Energy Secretary Chris Wright said on Tuesday the United States is not satisfied yet with reforms at the International Energy Agency (IEA). Speaking at a conference in Paris, he added that Washington does “not need a net-zero scenario” from the body and could leave the agency “if they insist that it’s so … Read more
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Feb. 17, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three and twelve months ended December 31, 2025. Key Highlights: Delivered record quarterly Infrastructure EBITDA(1) of $160 million, driven by strong volume growth … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ THE BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT FOR THE OFFERING AND ANY AMENDMENT TO THE DOCUMENTS WILL BE ACCESSIBLE, WITHIN TWO BUSINESS DAYS, THROUGH SEDAR+ CALGARY, AB, Feb. 17, 2026 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint” or the “Company“) announced … Read more
There’s a growing belief that if U.S. automakers are abandoning Canada, there’s no longer any reason to do them favours By Nojoud Al Mallees As the weeks passed after General Motors Co. shut down the assembly line where he had been working, reality began to set in for Mike Horne. Sitting in a union office … Read more
By Keira Wright A judge dismissed a long-running legal challenge against Santos Ltd., which had accused the Australian oil and gas producer of misleading investors over its climate strategy. The case brought by the Australasian Centre for Corporate Responsibility, a shareholder advocacy group, was rejected Tuesday by Justice Brigitte Markovic. Details of her decision will … Read more
By Nojoud Al Mallees Canada’s headline inflation rate slowed to 2.3% last month, cooler than economist expectations for 2.4%, as gasoline prices fell on a yearly basis. Statistics Canada’s consumer price index report on Tuesday showed the rate edging down a tick from 2.4% in December. The consumer price index was flat on a monthly … Read more
53% of Canadians say that knowing an EV was made in China would have no effect on their purchasing decision By Brian Platt As Prime Minister Mark Carney lowers tariffs on imports of Chinese electric vehicles, new polling suggests that Canadians are becoming much more open to buying the cars. More than half of Canadians, … Read more
(Reuters) – Oil prices could remain supported in the near term as U.S. President Donald Trump ramps up pressure for peace deals involving Russia and Iran, but a resolution later this year may ultimately push crude lower, Citi said on Monday. Brent crude has rallied from around $60 per barrel to near $70 in the … Read more
Sherritt International Corp. says it has reduced operations at its joint venture in Moa, Cuba due to fuel supply constraints.
The company says it expects to pause mining operations and place the processing plant on standby within the next week during …
Summary Brent crude futures up 11 cents at $68.76 a barrel Investors gauge risk of supply disruption following Iranian drills near Strait of Hormuz Many markets closed due to Lunar New Year holiday (Reuters) – Brent oil prices were largely stable on Tuesday, as investors braced for nuclear talks between Iran and the U.S., and … Read more
By Reuters KYIV, Feb 17 – Russian forces pounded Ukrainian power infrastructure before a new round of peace talks, killing three energy workers and leaving tens of thousands of people without power and heat, officials said on Tuesday. President Volodymyr Zelenskiy condemned the overnight strikes on 12 Ukrainian regions that came under attack hours before the … Read more
Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Oil and gas sector building on emissions progress Growing up in a small town in central Alberta, Blake Wickland saw what oil and gas companies contributed to the community. “They did so much in Drayton Valley – my minor … Read more
Prime Minister Mark Carney is facing mounting calls to speak out against the United States for widening its restrictions on fuel reaching Cuba, or to send aid to the country.
For more than a year, Global Affairs Canada has warned travellers of “shorta…
by Yogi Schulz Last year, Prime Minister Mark Carney met with Canadian premiers to discuss nation-building projects. He stated that he wants Canada to become an “energy superpower” with “decarbonization barrels of crude oil.” His comments were received with a wide range of responses, including: Canadian taxpayers will revolt once they realize they will … Read more
Russian oil producers could be forced to sharply cut output in coming months as tightening pressure from U.S. President Donald Trump and European powers restricts the country’s exports and its storage fills up, a development that would further dent the Kremlin’s war chest. Russian crude exports have remained broadly stable in recent years despite sweeping … Read more
Calgary, Alberta–(Newsfile Corp. – February 15, 2026) – Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI”, the “Company”, or the “Corporation“) is pleased to provide an operational update highlighting the continued success of our corporate reactivation strategy in Luseland. Recent field operations and production engineering initiatives have successfully reactivated numerous wells, now delivering strong … Read more
Summary US, Iran officials due to meet in Geneva on Tuesday Iran says energy, mining and aircraft deals on table in US talks OPEC+ leans toward resuming output hikes from April, sources say (Reuters) – Oil prices were little changed on Monday, with investors weighing the market implications of upcoming U.S.-Iran talks aimed at de-escalating … Read more
In Canada’s energy sector—refining, petrochemical processing, terminals, blending, and emerging low-carbon fuels—small measurement errors in liquid handling can quickly become big operational problems. When fluids are corrosive, hot, pressurized, bubbling, or prone to coating, it becomes harder to trust a single instrument reading without a lot of compensation and maintenance. On February 26, 2026, our … Read more
WAtch it Here: Oilfield Services Company ENSIGN walks you through each position on the rig, outlining each crew members specific duties and responsibilities.
Watch Minister Hodgson’s Calgary Address and Fireside Chat In Calgary, federal Energy Minister Tim Hodgson delivers a keynote address and takes part in a discussion at an event hosted by the Financial Post and Calgary Economic Development. He is joined by the Post’s western bureau chief, Reid Southwick. Energy and Natural Resources Minister Tim … Read more
By Robert Tuttle Takeaways by Bloomberg AI Canada’s energy minister said the government’s push to build carbon capture technology in the Alberta oil sands ensures the industry is adapting to change. The Canadian government signed a memorandum of understanding with the province of Alberta that pledged backing for a new oil pipeline in exchange for a higher … Read more
By Ben Eisen and Alex Whalen Equalization Program Explained Here Recently, the federal government announced the equalization payments for the 2026/27 fiscal year. Here are the payments for 2026/27 fiscal year and previous years for comparison Table A – Equalization payments to Canadian provinces Province 2026-27$M 2025-26$M 2024-25$M 2023-24$M 2022-23$M 2021–22$M 2020–21$M 2019–20$M 2018–19$M … Read more
Enbridge’s CEO, Greg Ebel, has made it clear that the company is not prepared to shoulder the financial risks associated with constructing a new oil pipeline from Alberta to British Columbia, despite requests from the Alberta government for Enbridge’s technical guidance. During a recent earnings call, Ebel stated that Enbridge has no plans to lead … Read more
CALGARY, AB, Feb. 13, 2026 /CNW/ – Teine Energy Ltd. (“Teine”) announces that it has entered into a definitive agreement to acquire all the outstanding shares of TMax Energy Ltd., increasing Teine’s total Duvernay acreage to over 700 sections. Teine is currently producing over 10,000 boe per day within the Carrot Creek Duvernay lands. Teine was represented by Bennett … Read more
Summary US CPI data suggests potential for further rate cuts, boosting risk appetite OPEC+ may resume oil output increases from April, impacting summer fuel demand Russia says next Ukraine peace talks set for next week Investors watch for US-Iran talks, easing Venezuelan sanctions (Reuters) – Oil prices settled marginally higher on Friday after data showed … Read more
By Don Maclachlan By Resource Works More News and Views From Resource Works Here Tireless, if tiresome, greens are on the bore-path again, attacking BC and Canadian liquefied natural gas projects with dubious information. First comes the latest line, that the world faces a glut of LNG production that will push world prices down, thus … Read more
(Reteurs) – U.S. energy firms this week cut three oil rigs and added three natural gas rigs, keeping the overall rig count unchanged, energy services firm Baker Hughes said in its closely followed report on Friday. After rising for three weeks in a row, the oil and gas rig count, an early indicator of future … Read more
Calgary, Alberta–(Newsfile Corp. – February 13, 2026) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“, a junior oil and gas producer based in Calgary, Alberta, announces leadership changes, effective immediately. Tuktu is pleased to welcome Craig Wall, CPA, CA as Chief Financial Officer (CFO). Craig brings over 25 years of experience as a senior finance professional, … Read more
CALGARY, Alberta, Feb. 13, 2026 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) have received the independent third-party root cause analysis (RCA) of the incident that occurred at Milepost 171 (MP-171) of the Keystone Pipeline on April 8, 2025, near … Read more
Pipeline and power company TC Energy Corp. is looking to capitalize on the insatiable electricity demand from U.S. data centres, but it’s focused on tweaking its existing system to meet those needs instead of building from scratch.
“Our strategy has …
Executives with crude shipper Enbridge Inc. say increased Venezuelan crude exports would not undermine its plans to send more Alberta oilsands barrels to Texas refineries.
“The U.S. Gulf Coast is the world’s best heavy refining market and Canadian c…
By Timothy Gardner Venezuela’s interim President Delcy Rodriguez, U.S. Energy Secretary Chris Wright and U.S. Charge d’Affaires for Venezuela Laura Dogu visit oil production facilities at the joint venture between Chevron and state oil company PDVSA in the Orinoco Oil Belt Oil majors with offices in Venezuela granted general license New investments in oil and … Read more
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members meet on March 1 OPEC+ has paused increases for first quarter of 2026 Brent crude price near highest since August Russia’s Novak predicts increased demand from March-April MOSCOW/LONDON, Feb 13 (Reuters) – OPEC+ is leaning towards a resumption in oil output increases from April, … Read more
Calgary’s Ensign Energy Services has quietly kept rigs running in the volatile oil-rich nation for more than two decades By Meghan Potkins Original: https://financialpost.com/commodities/energy/oil-gas/ensign-only-canadian-driller-venezuela-oilfields As a new United States policy clears the way for American oilfield service companies to return to Venezuela, one Canadian driller never left — maintaining a foothold in the politically volatile, … Read more
Strongest safety performance in five years drives 15 flow records and solid financial results Progress in commercial discussions strengthens line of sight to incremental project announcements in 2026 Raises dividend for 26th consecutive year CALGARY, Alberta, Feb. 13, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its fourth quarter and … Read more
February 13, 2026 CALGARY, AB, Feb. 13, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported fourth quarter 2025 financial results, reaffirmed its 2026 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 … Read more
Summary Trump says US could conclude Iran deal over the next month Venezuelan oil supply expected to ramp up, says analyst IEA lowers global oil demand forecasts for this year Kremlin says next Ukraine peace talks set for next week (Reuters) – Oil prices edged higher on Friday but were on track for a second … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures was steady on Thursday. WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, steady on Wednesday’s close. * The last time the discount on Canadian heavy crude … Read more
Indigenous communities in Canada are increasing their ownership stakes in major energy infrastructure projects, including pipelines and liquefied natural gas (LNG) facilities, according to a report from the Canada Energy Regulator (CER). Since 2021, Indigenous communities have acquired interests in more than 5,000 kilometres of operating oil and natural gas pipelines, the CER said. Ownership … Read more
By Andrew Rosati and Annmarie Hordern President Donald Trump’s energy chief said that the US can help Venezuela drive a “dramatic increase” in oil, natural gas and electricity output this year, as Washington works to issue new licenses aimed at “setting free” the country’s economy. Energy Secretary Chris Wright spoke to reporters after meeting with … Read more
Summary IEA still projects sizeable global oil supply surplus in 2026 Oil prices rise amid geopolitical tensions and supply outages OPEC+ and other producers boost supply faster than demand Oil slips after IEA report published, still up 14% in 2026 (Reuters) – World oil demand will rise more slowly than expected this year, the International … Read more
‘We are in three big markets — Canada, United States, Argentina — and all three markets are showing some stability. And we’re getting back to basics here at Calfrac,’ said Tyler Dahlseide This Article and More by Chris Varcoe Here The new CEO of Calfrac Well Services, Tyler Dahlseide. Courtesy, Calfrac Wel Service It’s been … Read more
By Grant Smith Global oil stockpiles accumulated last year at the strongest pace since the 2020 pandemic as supplies soared and demand growth slowed, according to the International Energy Agency. Inventories increased by an “extraordinary” 477 million barrels in 2025, with stocks in OECD nations surpassing their five-year average for the first time in four … Read more
By Annika Segelhorst and Elmira Aliakbari Since signing the Paris Agreement of 2015, Canada’s leaders have prioritized an accelerated transition away from fossil fuels and attempted to replace traditional energy sources (e.g. oil and gas) with renewables and low-carbon energy sources. In 2021, Canada’s leaders committed to the specific objective of achieving net zero greenhouse gas (GHG) … Read more
(TSX: AAV) CALGARY, AB, Feb. 12, 2026 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to provide a corporate update and announce its 2025 reserves. Operations and Commercial Update Net capital expenditures(a) were $287.7 million for Advantage(b) during the year ended December 31, 2025. Production for the fourth quarter of 2025 averaged 79,823 boe/d (408.3 mmcf/d natural gas, … Read more
Shares in Precision Drilling Corp. are down after the oil and gas driller said a rig decommissioning charge dragged it to a fourth-quarter loss.
The Calgary-based company posted a net loss attributable to shareholders of $41.9 million for the three m…
Toronto, Ontario–(Newsfile Corp. – February 12, 2026) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company“) December 2025 oil production was 2,076 barrels, averaging 67 barrels per day. Oil prices averaged CAD$54 per barrel, and Argo’s oil revenue was $112,655 and net operating cash flow was $68,646. December 2025 Oil Production … Read more
CALGARY, AB, Feb. 12, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced its fourth quarter and year-end financial results today, the highlights of which are included in this news release. To view Management’s Discussion and Analysis (the “MD&A”) and financial statements, visit either Keyera’s website or its filings on SEDAR+ at www.sedarplus.ca. “2025 was a transformational year for Keyera … Read more
Summary Trump says talks with Tehran will continue Large build in US crude stocks caps price gains IEA lowers global oil demand forecast for 2026 (Reuters) – Oil prices slipped on Thursday as investors weighed the International Energy Agency’s lowering of its global oil demand forecast for 2026 against potential escalation of U.S.-Iran tensions. Brent … Read more
Ryan Profid was enjoying a karaoke night at a resort near Cayo Coco in Cuba when he was approached by a staff member who had some bad news.
They told him his vacation was over and he’d have to fly home the next day.
Hours later, a disappointed Profid …
On Wednesday, February 25, 2026, Red Deer Polytechnic (RDP) will host the Energy Innovation Fair, an event designed to bridge the gap between emerging energy concepts and real-world implementation. Set against the backdrop of Alberta’s evolving energy landscape, it serves as a collaborative platform for industry leaders, researchers, municipalities and entrepreneurs to discuss the development … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $15.55 on Tuesday. * The last time the discount on Canadian heavy crude … Read more
By: Julio Mejía and Elmira Aliakbari Recently, the Federal Court of Appeal upheld the federal government’s classification of plastic items as “toxic,” allowing Ottawa to continue its ban on several types of single-use plastics including straws, grocery bags, cutlery and takeout containers—purportedly in response to global plastic pollution. Yet, despite the court ruling, this Trudeau-era policy remains … Read more
By Marilen Martin Siemens Energy AG’s Chief Executive Officer Christian Bruch has a message for investors worried about surging spending on data centers: Don’t fear a bubble. “So far, we see reservations more or less one to one converting into effective orders,” Bruch said Wednesday on Bloomberg Television. “I’m relatively comfortable going forward that this … Read more
By Alex Lawler OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1, expected to decide on resuming hikes For 2026, OPEC data indicates supply deficit, in contrast to IEA’s glut LONDON, Feb 11 (Reuters) – … Read more
By Marianna Parraga and Nathan Crooks US Energy Secretary Chris Wright met Venezuelan interim President Delcy Rodriguez Visit follows Maduro’s capture, $2 billion oil supply deal US aims to reshape global energy markets and pressure Russia, analyst says HOUSTON, Feb 11 (Reuters) – Venezuela is hosting U.S. Secretary of Energy Chris Wright this week, marking … Read more
By Ron Wallace “It does not do my company or any company any good to materially grow production right now if we cannot get that production to global markets.” – Alex Pourbaix, executive chair of Cenovus Energy Alberta and Ottawa are presently engaged with implementation of the November 27, 2025, Canada–Alberta Memorandum of Understanding (MoU), an … Read more
Follow the journey of liquefied natural gas (LNG) – from gas extraction and liquefaction to shipping, trading, regasification and delivery to customers. Hear directly from Shell employees as they share first-hand insights into what it takes to get gas out of the ground, move it across the globe, and deliver it to end users, including … Read more
Alberta Premier Danielle Smith says “significant” deficits are in store for her province as it tries to grapple with low oil prices.
The government’s new budget is set to be unveiled later this month, and Smith says it’s going to be a “tough” one.
The…
February 10, 2026Thank you for you the invitation to give testimony on the critical need for Canada to increase its energy exports, an absolute imperative for both our energy sector and for Canada at large. I apologize in advance if some of my remarks seem overly blunt, for I am no politician, but it … Read more
CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this release. This release … Read more
Birchcliff Achieves Record Annual Average Production of 80,086 boe/d CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2025 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2025. Chris Carlsen, Birchcliff’s President and … Read more
By Christoph Steitz and Tom Käckenhoff First-quarter net profit surges to 746 million euros Siemens Gamesa’s operating loss narrows to 46 million euros Siemens Energy shares have risen more than ten-fold since 2024 Shares up 5% to record high FRANKFURT/DUESSELDORF, Feb 11 (Reuters) – Siemens Energy’s (ENR1n.DE) net profit nearly tripled in the first three … Read more
Summary Trump hints at second carrier in Middle East US crude stocks likely rose last week – Reuters poll Crude draws at ARA, Fujairah suggest tight market LONDON, Feb 11 (Reuters) – Oil prices gained on Wednesday, buoyed by escalating risk as U.S.–Iran talks remained tenuous, while draws of crude from key stockpiles suggested stronger … Read more
Summary U.S. Energy Secretary Chris Wright to meet Venezuelan officials, Chevron, Repsol executives Visit follows Maduro’s capture, $2 billion oil deal U.S. aims to reshape global energy markets and pressure Russia, analyst says (Reuters) – Venezuela will host U.S. Secretary of Energy Chris Wright this week, marking the highest-level U.S. visit focused on energy policy … Read more
The plant, Samsung’s only U.S. battery factory, started production in 2024, has since shifted to making cells for energy storage By Gabrielle Coppola and Albertina Torsoli Stellantis NV is looking to exit its United States battery joint venture with South Korea’s Samsung SDI Co. as the automaker unwinds electric-vehicle bets and tries to preserve cash … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for March delivery in Hardisty, Alberta, settled at $15.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $15.45 on Monday. * The last time the discount on Canadian heavy crude … Read more
The U.S. Treasury Department on Tuesday issued a general license authorizing the provision of U.S. goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela, a long-awaited permit that could help increase output in the country. Washington has been relaxing sanctions on Venezuela’s energy industry, first imposed in … Read more
The federal government is looking to increase the number of electric vehicle chargers across the country through its new automotive strategy — but is still well short of the number it was told it needs to support the transition to battery-powered cars…
CALGARY – Oilpatch advisers are expecting the wave of consolidation to continue after last year’s string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 … Read more
ST. JOHN’S – Executives from a South Korean shipbuilding company signed a pact in St. John’s, N.L., recently to pursue a liquefied natural gas operation, but the mayor of the town at the heart of the project says nobody has bothered to call him. Jerome Kenny is mayor of Fermeuse, N.L., where several companies have … Read more
Canadians in Cuba are waiting for flights home as an energy crisis worsens in the nation amid a U.S. oil blockade.
Major Canadian airlines, including Air Canada, WestJet and Air Transat, have already suspended service to Cuba.
All three airlines have …
All financial figures are in Canadian dollars unless otherwise noted Transaction Highlights: Extends Gibson’s strategic core position in Hardisty – enhances Gibson’s heavy crude oil network by extending reach to new and established producers in the growing Mannville Stack Grows high-quality, stable cash flows – 90%+ of revenue from the assets is supported by take-or-pay or fee-for-service … Read more
(Reuters) – U.S. natural gas output will rise to a record high in 2026, while demand will hold steady, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 110.0 bcfd in 2026 … Read more
(Reuters) – Expanded U.S. licenses for Venezuela-related deals are expected to restore the South American country’s oil production by mid-2026 to levels seen before a U.S. naval blockade in December, the U.S. Energy Information Administration said on Tuesday. Venezuela’s state oil company PDVSA was forced to make deep output cuts after Washington imposed the strict … Read more
(Reuters) – U.S. power consumption, which hit its second straight record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours in 2025 to 4,268 billion kWh in 2026 and … Read more
The Canada Energy Regulator recommends approval of the Sunrise Expansion Program, moving B.C. closer to solving its pipeline bottlenecks and meeting global LNG demand. By Ian Biana The Canada Energy Regulator (CER) has unanimously recommended approval of Westcoast Energy’s Sunrise Expansion Program, marking a critical regulatory milestone that transforms years of discussion about British Columbia’s pipeline capacity constraints into … Read more
(Reuters) – Equinor’s international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, … Read more
CALGARY, AB, Feb. 10, 2026 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint”, or the “Company”) (TSX: RGSI) today announced its results for the third fiscal quarter ended December 31, 2025. All financial figures are presented in United States dollars (“USD”), unless otherwise noted. “Rockpoint continues to execute its commercial strategy, deliver reliable storage services to its customers, … Read more
(Reuters) – Oil prices edged up on Tuesday as traders gauged the potential for supply disruptions after U.S. guidance for vessels transiting the Strait of Hormuz kept attention squarely on tensions between Washington and Tehran. Brent crude oil futures were up 37 cents, or 0.5%, at $69.41 a barrel by 1136 GMT. U.S. West Texas Intermediate crude … Read more
CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce an increase to its annual dividend policy and its annual and fourth quarter operating and financial results for the period ended December 31, 2025. Annual Highlights Record annual oil royalty production volumes averaged 13,940 barrels per … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened to its steepest point since July 2024 on Monday. WCS for March delivery in Hardisty, Alberta, settled at $15.45 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.25 on Friday. * The discount … Read more
By Christine Dobby Cross-Border Shopping Anyone who follows the US banking industry can tell you a wave of mergers is likely on the way because regulators under the Trump administration have signaled a friendlier stance on consolidation. There are close to 4,400 banks in the US (yes, Canadians, you read that right) and many of the mid-size … Read more
Canada’s goal of attracting Chinese auto investment is part of Mark Carney’s broader trade truce with China By Brian Platt Canada’s government is working to land a Chinese-Canadian auto plant that will export electric vehicles globally, Industry Minister Mélanie Joly said. She said Canadian auto parts firms such as Magna International Inc., Linamar Corp. and … Read more
By Steven Wilhelm Orginal Story from Financial Post Here When Irfhan Rawji decided to launch his startup in Calgary back in 2018, the city’s allure was undeniable. With eager venture capitalists, a strong pool of top talent and a lower tax burden, the city was, by all accounts, a great place to start a business. … Read more
(Reuters) – Air Canada said on Monday it is suspending flights to Cuba, which warned it was running out of jet fuel, as the U.S. tightens its grip on the communist-run nation’s oil supply. Canada’s largest carrier said in a statement that aviation fuel is not projected to be commercially available at airports as … Read more
(Reuters) – The United States issued fresh guidance on Monday to commercial vessels transiting the Strait of Hormuz, a key shipping lane for Middle East oil supplies, as tensions simmered between Washington and Tehran over Iran’s nuclear program. Iran has in the past threatened to close down the Strait of Hormuz, a portion of which … Read more
(Reuters) – Venezuela’s state oil company PDVSA has reversed most of the output cuts it had ordered at its own oilfields and joint ventures in the country’s main crude region, the Orinoco Belt, which has boosted the nation’s total production close to 1 million barrels per day (bpd), sources close to operations said. The Orinoco … Read more
By Shadia Nasralla and Stephanie Kelly Shell reserves at lowest since at least 2013, faces output gap Reserve life 8 years, markedly below Exxon Analysts see need for M&A, exploration success LONDON, Feb 9 (Reuters) – Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of … Read more
Canadian Solar will acquire 75.1% of three overseas factories By Kari Lindberg ad Megawati Wijaya Canadian Solar Inc. is seeking a US$350 million private credit loan to expand its U.S. operations, according to people familiar with the matter, as Washington steps up scrutiny of imports from China. HSBC Holdings Plc is arranging the proposed loan, … Read more
By Niccolo Conte | Article/Editing: Govind Bhutada | Graphics/Design: Amy Realey Key Takeaways Language-heavy and information-based roles rank as the most exposed to generative AI, according to Microsoft’s recent research. Interpreters, historians, writers, and customer service roles show the highest AI applicability scores. Exposure does not equal replacement, and many roles are more likely to … Read more
Toronto, Ontario–(Newsfile Corp. – February 9, 2026) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company“) November 2025 oil production was 1,970 barrels, averaging 66 barrels per day. Oil prices averaged CAD$58 per barrel, and Argo’s oil revenue was $114,287 and net operating cash flow was $71,735. November 2025 Oil Production Argo’s interest Argo’s … Read more
Summary Oil prices fall as US-Iran talks ease supply fears Iran threatens US bases if attacked, despite talks EU proposes ban on services supporting Russia’s oil exports India moving away from Russian oil, sources say (Reuters) – Oil prices were stable on Monday after the U.S. and Iran pledged to continue indirect talks, easing oil … Read more
CALGARY, AB, Feb. 9, 2026 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to announce the highlights of its year-end independent oil and gas reserves evaluation as of December 31, 2025. 2025 INDEPENDENT RESERVE REPORTS HIGHLIGHTS Spartan’s proved developed producing (“PDP“) reserves increased by 9%, while total proved (“TP“) reserves increased by 19%, and … Read more
Innovative housing solution minimizes community impact while supporting the massive labour force needed for the Woodfibre LNG project. Bridgemans Services Group president Brian Grange stands on a stairs leading to other decks on a “floatel” that Woodfibre LNG plans to use to house 600 construction workers at a liquefied natural gas export facility being built … Read more
Every great bend starts with a perfect cut! Our team is using a plasma torch to cut through large-diameter steel pipe. The machine clamps around the pipe and rotates a cutting tool, delivering a clean, straight cut every time-sparks and all! After that, we machine a weld bevel on the ends, for a nice clean … Read more
Westech Industrial Ltd. is pleased to share that we’ve joined the Hoskin Group family. The transaction closed on January 30, 2026, marking an exciting next chapter for our team and the customers we support across Canada. For many of our customers in the Canadian energy sector, the first question is simple: what changes? The most … Read more
OIL SANDS SUMMARY Oil Sands Overview Roughly 159 billion barrels (+95%) of Canada’s total proved oil reserves are in the oil sands(1), more than every country in the world’s total proved oil reserves, except Venezuela, Saudi Arabia, and Iran. Oil sands are extracted via surface mining or in-situ with the use of steam (i.e., SAGD, … Read more
By Yogi Schulz Multiple opportunities exist for the Canadian oil and natural gas industry to further reduce methane emissions at a reasonable cost. The oil and natural gas industry has made commendable progress in reducing methane emissions, as shown on the chart below. Nonetheless, the industry can contribute to addressing climate change by reducing greenhouse … Read more
By Emma Sanchez The world’s largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in US shale. That’s one of the big takeaways from comments this week made by executives at Helmerich & Payne Inc. and Patterson-UTI Energy Inc., who pointed to opportunities in countries such as Saudi Arabia to help … Read more
By Kevin Crowley and Veena Ali-Khan Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world’s riskiest geopolitical hotspots, as President Donald Trump’s assertive foreign policy helps them strike deals. Venezuela, home to the world’s largest reserves, is the most high-profile opening … Read more
Ron Bousso Global oil markets face increasingly sharp and frequent price shocks as geopolitical tensions, opaque stockpiling and tightening Western sanctions are leaving many traders in the dark. The growing influence of external, unpredictable forces on the world’s largest and most liquid commodity market raises doubts about how accurately prices reflect physical fundamentals. Indeed, … Read more
Bank of Canada The Bank of Canada will publish Wednesday its summary of deliberations for its recent interest rate decision that saw it keep its policy interest rate on hold at 2.25 per cent. Bank of Canada governor Tiff Macklem said in a recent speech that Canadian businesses must “lean into” the structural changes in … Read more
Alberta Energy Minister Brian Jean argues that getting Canadian oil and gas to the Pacific isn’t just about revenue—it’s about displacing dirty fuels and stabilizing global markets By Don Maclachlan Minister Brian Jean and Stewart Muir By Resource Works More News and Views From Resource Works Here Brian Jean, Alberta’s minister of energy and minerals, … Read more
U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday. Crude oil output fell to 13.78 million bpd in November, down about 82,000 from October’s record high 13.86 million bpd, the EIA data showed. That is … Read more
Modern oil pipeline construction has evolved significantly from methods used 50 years ago, incorporating advanced materials and real-time digital monitoring to enhance safety and efficiency. Today, pipelines are the safest and most environmentally friendly method for transporting large volumes of oil, moving approximately 99.999% of product safely each year in Canada. Evolution of Pipeline Construction (Then vs. … Read more
Smith’s criteria suggest Prince Rupert may be the top option, as the city is already home to Canada’s third-largest port By Thomas Seal Danielle Smith said last week she and B.C. Premier Eby share “so much common ground” on resource development, including the possibility of expanding Trans Mountain again. Photo by Blair Gable/Postmedia files Alberta … Read more
Feb 6 (Reuters) – President Donald Trump signed an executive order on Friday rescinding a punitive 25% duty on all imports from India over its purchases of Russian oil, the White House said. Trump on Monday announced a trade deal with India that slashed U.S. tariffs on Indian goods to 18% from 50% in exchange for India … Read more
Geopolitical risk reverses oil price decline (Reuters) – Oil prices settled higher on Friday, reversing earlier losses as traders worried that this week’s talks between the U.S. and Iran had failed to reduce the risk of a military conflict between the two countries. Brent crude futures settled at $68.05 a barrel, up 50 cents, or … Read more
By Tegan Hill and Milagros Palacios With petition drives for Alberta separatism gaining steam across the province, it’s perhaps more important than ever that Canadians outside Alberta understand the province’s important role in the federation and policymakers find a compromise on key issues fuelling separatist sentiment. Indeed, Albertans make an outsized net contribution to Canada—to the tune … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since November, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by five to … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures was steady on Friday. WCS for March delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, flat on Thursday’s close. * The discount on Canadian heavy crude widened approximately $1 … Read more
CALGARY, Alberta, Feb. 06, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more
(Reuters) – Global electricity demand growth is expected to ramp up by more than 3.5% per year on average over the rest of the decade while renewable energy and nuclear power are expected to make up nearly half of all power production, the International Energy Agency said in a report on Friday. Here are some … Read more
WASHINGTON, Feb 6 (Reuters) – U.S. Energy Secretary Chris Wright said on Friday he will before long visit Venezuela to meet with “all the leadership” and to get a better understanding of on-the-ground oil and gas production operations there. Wright did not say when the trip will take place. The Trump administration has said it … Read more
OTTAWA, ON, Feb. 5, 2026 /CNW/ – On February 2, 2026, the Canada Border Services Agency (CBSA) initiated an investigation into whether certain oil and gas well casing is being sold in the Canadian market at unfair prices (dumping). The investigation focuses on imports from steel producers operating in or exporting from Austria. These practices, if confirmed, … Read more
By Lisa Baiton By any measure, Canada is already a global energy heavyweight. As the fourth-largest oil producer and fifth-largest natural gas producer in the world, our nation can become the world’s next energy superpower—with Saskatchewan as a key element. Prime Minister Mark Carney’s vision of Canada as a global energy superpower in both … Read more
Calgary, Alberta–(Newsfile Corp. – February 6, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to announce that a new Corporate Presentation has been posted to the Company’s website and can be accessed via the following link: CORPORATE PRESENTATION – FEBRUARY 2026 FOR FURTHER INFORMATION, PLEASE CONTACT: Kevin Johnson President … Read more
Takeaways by Bloomberg AI The European Union’s energy chief said the bloc is growing increasingly concerned about its dependence on US liquefied natural gas. The EU is actively looking at taking more liquefied natural gas from Canada, Qatar and North African countries, according to Energy Commissioner Dan Jorgensen. Jorgensen said he would be meeting with possible … Read more
Summary Weekly price drop would be first since mid-December US, Iran in dispute over agenda for talks in Oman Geopolitical risk stems oil price decline (Reuters) – Oil prices held steady on Friday as investors awaited news from high-stakes talks between the United States and Iran that are taking place in Oman amid fears of another supply-disrupting … Read more
WCS for March delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $15.15 a barrel on Wednesday. * The discount on Canadian heavy crude widened approximately $1 per barrel over the month of January in the wake of heightened market volatility caused by U.S. … Read more
(Reuters) – Canadian oil sands producer Suncor Energy will present the market this spring with options it is considering for securing long-term bitumen supply, the company’s chief executive said on Wednesday. The bitumen supply question will be one of the central themes of a new long-term vision the company plans to unveil at a March … Read more
By Jake Fuss Measuring the Fiscal Performance of Canada’s Premiers, 2026 This report assesses the relative fiscal performance of Canadian premiers (seven current and three former) based on government spending, taxes, and debt and deficits up to fiscal year 2024/25. Overall, the premiers ranked (of 10) and scored (of 100), as follows: 1st Danielle Smith, … Read more
The head of Resource Works tells the B.C. Natural Resources Forum that bridging the urban-rural divide and securing regulatory certainty are essential to the province’s future prosperity By Ian Biana Stewart Muir delivering his Keynote Address at the 23rd BCNRF By Resource Works More News and Views From Resource Works Here Addressing the crowd at … Read more
One of the biggest problems facing Tesla these days is the fact there are plenty of other EV options to choose from By Hannah Elliott Tori Horowitz loved her 2021 Tesla Model S. “It worked for my life because I’m in my car all the time,” says the realtor, who drives weekly from Los Angeles … Read more
Ottawa also commits billions to charging station infrastructure and industry tax credits By Gabriel Friedman Prime Minister Mark Carney says he’s delaying the timeline for the electric vehicle transition by about five years and unveiled several other auto policies Thursday, including the return of the $5,000 incentive for buying an EV. The new automotive strategy cancelled a federal policy, colloquially … Read more
(Reuters) – Shell is weighing investments in certain offshore natural gas opportunities in Venezuela involving investments worth a few billion dollars with production expected in the next couple of years, CEO Wael Sawan said in an interview with CNBC on Thursday. “These are opportunities that could potentially be activated within months,” he told CNBC, adding … Read more
For Alberta, the big takeaway is that healthy growth in oil production continued during 2025, and output has more than doubled since 2010, led by the oilsands This Article and More by Chris Varcoe Here • Calgary Herald CEO and president of Suncor Energy Rich Kruger was photographed at the Suncor office building in downtown Calgary on … Read more
CALGARY, AB, Feb. 5, 2026 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its fourth quarter and year-end 2025 financial and operational results as well as its year-end 2025 reserves. CORPORATE HIGHLIGHTS Fourth Quarter Results Fourth quarter production averaged a record 408,382 boe(1) per day (58 per cent natural gas and 42 per cent … Read more
By Curtis Williams Cheniere plans 24 mtpa LNG plant expansion in Texas Expansion to add four new LNG processing trains Cheniere aims for federal approval by May next year HOUSTON, Feb 5 (Reuters) – Cheniere Energy, the largest liquefied natural gas exporter in the U.S., has submitted an application to build a 24 million metric … Read more
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that, due to investor demand, it has entered into an amended agreement with Haywood Securities Inc. on behalf of a syndicate of underwriters (collectively, the “Underwriters“), to increase the size of its previously announced “bought deal” … Read more
Reserve replacement of 118 percent, 185 percent and 235 percent of 2025 production (adjusted for dispositions) on a proved developed producing (“PDP“), proved (“1P“), and proved plus probable(“2P“) reserves basis Added locations in the Willesden Green (Belly River) in both Crimson and Open Creek based on 2025 success Initial waterflood reserve bookings from recent pilots … Read more
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) is pleased to announce that it has appointed Tyler Dahlseide as Chief Executive Officer (“CEO”) effective February 4, 2026. Mr. Dahlseide, who joined Calfrac as Vice President, Optimization and Strategy in September 2025, is an accomplished senior executive with … Read more
Incentives for consumers buying EVs also expected to resume David Thurton , Ashley Burke · CBC News · Sources say Ottawa is expected to bring back popular incentives for consumers purchasing electric vehicles in an announcement on Thursday. (Sean Kilpatrick/The Canadian Press) The federal government is expected to announce its national automotive strategy on Thursday that includes scrapping Canada’s electric … Read more
Summary US, Iran prepare for talks on Friday About a fifth of global oil consumption passes through Strait of Hormuz Volatility leads to record WTI Midland contracts in January Brent crude still close to five-month high (Reuters) – Oil prices fell more than 2% on Thursday but held close to multi-month highs after the U.S. … Read more
Investors rushed to lock in oil prices at record levels in January amid concerns around Iranian crude supplies and more Venezuelan barrels heading to the U.S. Gulf Coast. Hedging can help producers reduce risk and protect their production from sharp moves in the market by locking in a price for the oil. It can … Read more
Measures could divert investment away from Canada just as global competition is heating up, says industry group By Meghan Potkins Original: financialpost.com/commodities/energy/oil-gas/oilpatch-ottawa-carbon-pricing-business-sense Ottawa’s environment ministry is floating possible changes to carbon-pricing rules for industry that are stoking fresh anxiety in the oilpatch, with industry groups and experts warning the proposals could conflict with the Carney … Read more
It is easy to get lost in the noise of recent financial headlines. We are seeing gold and silver hit all-time highs before slipping back, a new Federal Reserve Chair nomination, and the U.S. dollar (USD) stumbling to a four-year low. Add in chatter about “de-dollarization” with momentum growing as Nordic pension funds trim … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday to its highest point since the Venezuela situation began. WCS for March delivery in Hardisty, Alberta, settled at $15.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.80 a barrel on … Read more
First nation involved in competing LPG export proposal By Nelson Bennett Recent aerial of AltaGas REEF site shows current state of construction with the first of three massive accumulator vessels in place. Photo: AltaGas By Resource Works More News and Views From Resource Works Here The Metlakatla First Nation is withdrawing its support for a … Read more
CALGARY – The chief executive of Suncor Energy Inc. says it delivered record production during the fourth quarter of 2025 despite mucky conditions in northeastern Alberta that caused problems for at least one of its oilsands peers. Total upstream production was 909,000 barrels of oil equivalent per day during the three months ended Dec. 31, up from … Read more
Nova Scotia has found an energy-hungry potential buyer for the electricity the province hopes to produce from a major offshore wind project that is still in the early stages.
During a news conference in Boston on Wednesday, Premier Tim Houston and Mas…
By Ella Feldman Argentina, Guyana and Brazil remain poised to drive oil production growth in South America for years to come despite the US push for investment in Venezuela, Rystad Energy says. The consulting firm estimates flagship projects in the three countries will add more than 700,000 barrels per day in oil production this year, … Read more
By Priscila Azevedo Rocha Richard Holtum Photographer: Aaron M. Sprecher/Bloomberg Trafigura Group Chief Executive Officer Richard Holtum said the liquefied natural gas industry needs a “bit of innovation” when it comes to financing projects. “I feel sorry for LNG projects in the US,” Holtum said on a panel at the LNG 2026 conference in Doha. … Read more
CALGARY, Alberta, Feb. 04, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that it has entered into a definitive agreement to acquire operated, oil-weighted Cardium light oil assets in the Harmattan area of central Alberta (the “Acquired Assets“) from a third-party vendor (the “Vendor“) for total consideration of … Read more
(Reuters) – Norway’s Socialist Party has withdrawn its support for a proposal to block Equinor’s Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed. Parliament is due on Thursday to vote on an opposition proposal seeking to revoke the LNG plant’s planned link … Read more
‘To diversify is fairly critical, and the best places to diversify are going to be China and India,’ said Tristan Goodman, president of the Explorers and Producers Association of Canada This Article and More by Chris Varcoe Here For decades, almost all Canadian oil and natural gas exports headed in only one direction: south to … Read more
Professional engineer Luis Cabana couldn’t take a walk in downtown Calgary in the mid-2000s without someone he knew calling out to him in Spanish. Office towers in the corporate heart of Canada’s oil and gas sector were at the time heavily populated with Venezuelan expats who had fled persecution and economic stagnation in their home … Read more
Summary Trump wants India to stop buying Russian oil India keeps silent but has reduced imports Russia has cut price of oil, budget suffers US pressure rises at critical moment in Ukraine peace talks (Reuters) – Russia faces a steep drop in oil income if U.S. President Donald Trump successfully pressures India to stop importing Russian … Read more
Calgary, Alberta–(Newsfile Corp. – February 4, 2026) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is pleased to announce that it has completed its previously announced upsized bought deal offering (the “Offering“) of common shares (“Common Shares“) with a syndicate of underwriters co-led by RBC Capital Markets and CIBC Capital Markets (the “Co-Lead … Read more
Summary Investors monitor Washington-Tehran developments Drone attack and tanker incident in focus Prices also supported by US inventory draw (Reuters) – Oil prices rose on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation between Washington and Tehran ahead of planned talks. … Read more
Over the past year, Ontarians have overwhelmingly polled in support of major natural resource and trade infrastructure projects. Today, one of the most exciting potential developments in the province is undoubtedly the Bruce C Project, which will not only supplement Ontario’s growing electricity needs, but also provide immense job opportunities and economic benefits for Canadians. According to … Read more
(Reuters) – Glencore said on Tuesday it has suspended nearly $1 billion of planned investments at Horne Smelter, Canada’s largest copper metal-producing operation, after failing to secure regulatory certainty from the provincial government of Quebec. Glencore was planning to close the facility due to environmental issues and expansive investments needed by the London-listed miner, Reuters … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for March delivery in Hardisty, Alberta, settled at $14.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.60 a barrel on Monday. The discount on Canadian heavy crude … Read more
By Resource Works More News and Views From Resource Works Here While most prospectors in B.C. chase gold, copper and critical minerals, a B.C. company called Vitreo Minerals is looking to mine sand north of Prince George. Or more precisely, quartz arenite (sandstone). Vitreo’s proposed $300 million Angus project is an industry being directly induced by B.C.’s … Read more
‘In Canada, shipping is much safer than your morning commute driving in a vehicle’ By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Eastern Canada Marine Response Corporation conducts operations near Halifax, Nova Scotia. Photo courtesy R.Starkes/ECMRC A steady stream of more than 450 oil tankers … Read more
Prime Minister Carney has repeatedly criticized his predecessor’s spending habits since entering the political world last year. He said the Trudeau government spent “too much” and then launched a spending review of his own after being elected, attempting to rein in government largesse. However, despite Carney’s criticisms of Trudeau’s fiscal record, he has largely adopted the same … Read more
February 03, 2026 5:15 PM EST | Source: Suncor Energy Inc. Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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
CALGARY, AB, Feb. 3, 2026 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that Scott Althen has been appointed to its Board of Directors, effective March 1, 2026, and Craig Bryksa has retired from the Board to pursue other opportunities. Mr. Althen recently retired from PwC Canada following a distinguished career of … Read more
By Emily Chow and Yousef Saba DOHA, Feb 3 (Reuters) – Malaysia’s state-owned firm Petronas is set to sign a liquefied natural gas supply deal with QatarEnergy as the southeast Asian nation seeks more supplies of the super-chilled fuel, two sources familiar with the matter told Reuters. Petroliam Nasional, or Petronas, will sign a contract … Read more
Feb 3 (Reuters) – Ukrainian Energy Minister Denys Shmyhal said on Tuesday that a power plant in Kyiv’s eastern suburbs had been seriously damaged in overnight Russian attacks, prompting officials to redirect resources to restoring heating to thousands of residents. Shmyhal, writing on Telegram after a meeting devoted to energy issues, said the plant in … Read more
(Reuters) – The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to encourage expanded output in the OPEC nation since capturing its president, three sources close to the matter told Reuters. The move by the Treasury’s Office … Read more
(Reuters) – Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month’s flagship $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold, according to traders and shipping data. The soft U.S. demand represents an early obstacle for President … Read more
Chinese independent refiner Chambroad Petrochemical has bought one Canadian crude cargo for May delivery, four trade sources said on Tuesday, following a decline in Venezuelan crude supply into China. The refiner was one of the main buyers of Venezuelan oil, while it occasionally imported Canadian oil exported from the Trans Mountain pipeline for its bitumen … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, Feb. 3, 2026 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces the joint-acquisition of additional oil sands and petroleum and natural gas (“PNG”) leases in Alberta. … Read more
DENVER, Feb. 3, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has completed its acquisition of all of the common shares (“NuVista Shares”) of NuVista Energy Ltd. (TSX: NVA) (“NuVista”) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent … Read more
By Robert Cyran (Reuters Breakingviews) – The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to a combination of declining prime acreage and modest market prices for oil, the name of the game for the producers who turned American shale patches into free-flowing gushers is … Read more
Summary Prices steady after geopolitical risk premiums fade Firm US dollar weighs on oil markets Russia’s Novak expects oil demand to pick up in March, April Reuters) – Oil prices steadied on Tuesday, after falling over 4% in the previous session, as market participants considered the global supply outlook and the possibility of a de-escalation … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for March delivery in Hardisty, Alberta, settled at $14.60 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.25 a barrel on Friday. * Monday was the start of the Canadian … Read more
By Emily Chow, Yousef Saba and Andrew Mills AI and data centres seen driving rising LNG demand Asia, led by China and India, to drive LNG demand growth LNG prices may soften with new supply DOHA, Feb 2 (Reuters) – Growing electricity demand from AI and data centres, together with rising fuel use in Asia … Read more
Missed Part 1? Here it is – Policies and Dramatically Changing Partnerships By Maureen McCall As Canada faces the U.S. trade threat of a 100% tariff on Canadian goods if Canada proceeds to lower tariffs on Chinese imports, Alberta Premier Danielle Smith has amped up her campaign to promote Canada as an energy superpower and … Read more
China’s rapid adoption of electric trucks — which overtook gas-powered vehicle sales for the first time last year — is threatening a key source of demand for the country’s suppliers of the fossil fuel. Sales of heavy-duty trucks powered by batteries and other new energy sources hit a record in December, helping lift the full-year … Read more
Energy Fact Book, 2025-2026 Canada is an energy nation. From hydroelectricity to the oil sands to emerging renewables, our vast and varied natural resources have helped build a resilient economy, connect our communities, and support energy security at home and abroad. Today’s energy landscape is evolving. Canada is innovating in how energy is produced, delivered, and used. … Read more
By News Staff A worker is dead and another is seriously injured after a pipe rolled off a truck at an oilsands site in northern Alberta. The incident last happened Thursday at a Cenovus site near Christina Lake, roughly 150 kilometres south of Fort McMurray, triggering a formal investigation by Alberta Occupational Health and Safety (OHS). … Read more
Calgary, Alberta–(Newsfile Corp. – February 2, 2026) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) is pleased to announce its year-end 2025 reserves and provide an operations update (all amounts in Canadian dollars unless otherwise noted). Our 2025 performance was highlighted by the strategic divestiture of our U.S. assets, resulting in a significantly strengthened financial position and … Read more
Artificial intelligence already has a big footprint in stocks. Now lending for data centers is becoming a factor in bonds and credit. By Paula Seligson More than $3 trillion. That’s the staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, … Read more
By Dorothy Ma Nine Energy Service Inc., a Houston-based oil field vendor, filed for Chapter 11 bankruptcy on Sunday as it struggled with high leverage and a shrinking business amid a slowdown in drilling programs. The deal will see a “complete equitization” of its $320 million first-lien notes due 2028. The company first sold bonds … Read more
By Julian Hast, Stephen Stapczynski, and Sing Yee Ong US natural gas futures plummeted on Monday as weather forecasts for mid-February shifted significantly warmer, marking the largest daily loss for the front-month contract on a percentage basis since 1995, excluding contract rollover days. The March contract settled down 25.7% to $3.237 per million British thermal … Read more
(Reuters) – Venezuela’s oil exports bounced to some 800,000 barrels per day (bpd) in January under U.S. control, from 498,000 bpd in December, following the capture of President Nicolas Maduro and the end of an oil blockade on the country, which has allowed traders to carry most exports, shipping data showed. Washington in December imposed … Read more
Suncor results Suncor Energy Inc. will release its fourth-quarter results on Tuesday followed by a conference call with analysts on Thursday morning. The company has set a capital budget for 2026 of $5.6 billion to $5.8 billion, compared with the $5.7 billion to $5.9 billion it targeted for 2025. Macklem speech Bank of Canada governor Tiff … Read more
(Reuters) – Shell’s CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market.
Summary Prices fall from multi-month highs as U.S.-Iran tensions ease Trump says Iran ‘seriously talking’ with Washington Geopolitical risks mask a bearish oil market, analysts say (Reuters) – Oil prices fell 5% on Monday after U.S. President Donald Trump said Iran was “seriously talking” with Washington, signalling a de-escalation of tensions with an OPEC member, … Read more
(Reuters) – Devon Energy and Coterra Energy on Monday decided to merge in a $58 billion all-stock deal, to become a large-cap producer with a top position in the Permian Basin as the shale sector consolidates to cut costs and boost scale. The largest deal in the sector since Diamondback’s $26 billion deal for Endeavor Energy Resources … Read more
Reuters There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks. The first is whether U.S. President Donald Trump does decide to start a shooting war with Iran, and if he does whether both sides will be able … Read more
In Canada’s energy and industrial sectors, inspection programs play a critical role in ensuring safe, reliable, and efficient operations. From upstream oil and gas facilities to midstream infrastructure, mining sites, and petrochemical plants, assets are often exposed to harsh environmental conditions and high operational demands. The tolerance for unexpected failure is low. A single missed … Read more
Cogeneration systems are built for efficiency: generate steam, produce power, then reclaim heat in downstream processes before returning condensate back to the boiler loop. But that efficiency can erode quickly when organic contamination finds its way into the condensate return. Many facilities monitor condensate purity using conductivity/resistivity, which is excellent for detecting ionic contaminants. The … Read more
As the oilpatch looks to expands its markets, including China, the U.S. administration is being urged to ‘develop a hemisphere-focused energy policy’ By This Article and More From Ricky Leong Here It’s been just about a year since U.S. President Donald Trump started his on-again-off-again musings about annexing Canada. Shortly after those comments came to … Read more
The project would increase natural gas capacity by 17 per cent to meet current and future demand in BC’s Lower Mainland and the US Pacific Northwest CALGARY, AB,/CNW/ – The Commission of the Canada Energy Regulator (CER) has issued its Recommendation Report for Westcoast Energy GP Inc. on behalf of Westcoast Energy Limited Partnership’s (Westcoast) Sunrise Expansion … Read more
By Yogi Schulz Energy industry projects flounder when sponsors are absent, hiding, or unsure of their role. Project managers and teams suffer dysfunctional consequences when project sponsors interfere or shirk their roles. Ideally, project sponsors collaborate with project managers and stakeholders to position projects for success, reduce risks, and mitigate the impact of issues that … Read more
By Tammy Nemeth and Ron Wallace The recently released report of the Parliamentary Standing Committee on Environment and Sustainable Development’s (ENVI) on climate finance advocates significant measures to implement climate policies throughout the financial system. Disguised as prudent financial reform, the report instead presents serious, unevaluated challenges for hydrocarbon companies and small-to-medium enterprises (SMEs) that … Read more
CALGARY – Krishnan Suthanthiran is trying to make Kitsault, B.C., happen — again. The Indian-born, U.S.-based medical technology entrepreneur says he spent about US$7 million two decades ago to purchase the uninhabited one-time mining town at the end of a scenic fiord. Some media reports have cited a lower purchase price. His early plans for … Read more
Vast geological riches underpin Canada’s immense energy potential By Brad Hayes Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Geological core samples of bitumen resources located at the Alberta Energy Regulator’s Core Research Centre in Calgary. Photo courtesy AER We hear about Canada’s aspirations to become an “energy superpower” … Read more
ABOARD AIR FORCE ONE – (Reuters) – U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world’s third-biggest oil importer buys. “We’ve already made that deal, the concept of the deal,” Trump told reporters aboard Air Force One as he traveled to … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada