CALGARY, AB, April 30, 2026 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce the filing of its audited financial and operating results for the three and twelve months ended December 31, 2025. The selected financial and operating information provided below should be read in conjunction with Westgate’s audited … Read more
CALGARY, Alberta, April 30, 2026 (GLOBE NEWSWIRE) — Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) announces its financial and operating results for the three months ended March 31, 2026. Operations Update Yangarra had an active Q1 program, with six wells drilled and seven wells completed. With higher oil prices, the Company elected to continue drilling Belly River … Read more
The proposed project will transport Canadian crude from the U.S.-Canada border to Wyoming U.S. President Donald Trump on Thursday signed an order authorizing a proposed project to transport Canadian oil across the border as part of an effort to revive parts of the cancelled Keystone XL pipeline. South Bow, the Canadian pipeline company behind … Read more
Calgary, AB, April 30, 2026 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report first quarter 2026 financial and operating results. The financial and operating highlights presented below are for Advantage Energy Ltd. only and exclude its subsidiary Entropy Inc. 2026 First Quarter Financial Highlights Cash provided by operating activities of $118.3 million. Adjusted funds … Read more
CALGARY, AB, April 30, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it expects to release its first quarter 2026 results before markets open on Thursday, May 14, 2026. The release will be followed by a conference call and webcast that have been scheduled for Thursday, May 14, 2026, at 8:00 AM Mountain Time (10:00 AM … Read more
A closely watched global crude benchmark briefly touched its highest price since war erupted in the Middle East more than two months ago before retreating on Thursday, as a resolution to the supply squeeze in the Strait of Hormuz remains elusive.
Bre…
Federal investigators say a train crash in Metro Vancouver in 2023 where about 8,000 litres of diesel fuel was spilled was likely caused by the crew missing a warning to slow down in preparation to stop.
The Transportation Safety Board says the crash …
(Reuters) – European oil majors’ first-quarter profits were lifted by bumper trading gains as the Iran warupended supply chains, underscoring how the ability to shift barrels around the world can sometimes trump pumping them out of the ground. BP, Shell and TotalEnergies have spent years building vast oil trading machines that now sit at the … Read more
Commentary by Monica Justason, President and CEO of the New Brunswick Business Council. The NB Power Comprehensive Review arrives at a consequential moment. The province is navigating real economic pressures like rising costs, a tightening labour market, and global uncertainty that makes planning harder than it used to be. Against that backdrop, the energy system’s ability to … Read more
What a view from the Port of Antwerp reveals about urgency, pragmatism, and the opportunity across the Atlantic By Michelle Robichaud The New Brunswick delegation, including Premier Susan Holt (fourth from right) is given a bird’s-eye walkthrough of Belgium’s Port of Antwerp-Bruges during a recent trade mission. (photo by Michelle Robichaud) Michelle Robichaud is the … Read more
By Keira Wright Australia’s liquefied natural gas exporters are missing out on meeting rising Asian demand because of a lack of capacity that’s partially down to an uncertain investment environment, according to Chevron Australia Corp. Demand for Australian LNG, particularly from Japanese buyers, is outstripping operational supply limits, said Chevron Australia’s Managing Director Balaji Krishnamurthy. … Read more
By Vladimir Soldatkin and Anton Kolodyazhnyy Russia’s Novak: oil industry is facing its deepest crisis Novak: hard to talk about a price war amid market shortages Novak: Russia will stay in OPEC+, committed to its mechanism Novak: it may take several months for oil market to recover MOSCOW, April 30 (Reuters) – Russia’s Deputy Prime … Read more
A joint federal-provincial regulator says a U.K. company has won the rights to explore for oil and gas in the water off Nova Scotia.
The Canada-Nova Scotia Offshore Energy Regulator says Inceptio Oil and Gas Ltd. has committed $210 million for explora…
By Humeyra Pamuk and Tala Ramadan Iran vows painful response to any new US attack Trump to be briefed on options by US military US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high WASHINGTON/DUBAI, April 29 (Reuters) – Iran said on Thursday it would respond with “long … Read more
PARIS, April 30 (Reuters) – The world is facing its biggest energy crisis in history due to disruption caused by the conflict with Iran, reaffirmed International Energy Agency head Fatih Birol on Thursday. “The oil markets and gas markets are going through big difficulties. When I looked last time, the oil price was over $120 … Read more
Shares in Precision Drilling Corp. are trading lower after the oil and gas services firm reported lower first-quarter profits that missed analyst expectations.
The stock was 7.5 per cent lower in late-morning trading at $129.52 on the TSX.
The Calga…
Generated Adjusted EBITDA(1) of $137 million, up 13% year-over-year, and 21% on a per basic share basis Expecting annual results to trend toward the high end of 2026 Adjusted EBITDA guidance of $520 to $550 million Increasing 2026 growth capital to approximately $100 million (from $75 million) to advance high-return infrastructure projects in capacity constrained regions … Read more
(Reuters) – Iran’s new Supreme Leader Mojtaba Khamenei said in a published written message on Thursday that a new chapter for the Gulf and Strait of Hormuz has been taking shape since the Iran war with the United States and Israel broke out on February 28. Iran’s Supreme Leader said that Tehran would secure the … Read more
(Reuters) – J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. companies once it is in a position to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group. The fourth-largest producer in OPEC said on Tuesday it would exit the group on May 1. … Read more
By Meghan Potkins This Article and More From Meghan Potkins Here Original: financialpost.com/commodities/energy/growing-confidence-canadian-lng-prospects-shell-ceo Shell PLC chief executive Wael Sawan said improved signals from Ottawa and the British Columbia government over liquefied natural gas projects have boosted the odds of a green light for an expansion at LNG Canada. “We’ve been growing in confidence in the … Read more
Apollo Global Management, Blackstone and KKR are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said. The trio, among the world’s largest asset management firms, are the remaining bidders in the auction process, run by Shell, which also garnered … Read more
Summary US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high Trump reported to be weighing new strikes, long blockade Iran weighing possible deal, says Pakistani source (Reuters) – The United States is pressing ahead with plans for an international coalition to open the Strait of Hormuz, according … Read more
Summary Brent projected to average $86.38 per barrel in 2026 WTI projected to average $80.07 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Analysts have increased their oil price forecasts for the second time since the Iran war began at the end of February as they factor in the prospect … Read more
AltaGas Ltd. reported $147 million in net income applicable to common shares, down from $392 million in the same quarter last year, weighed down by unrealized losses on its risk management contracts.
The company says the profit amounted to 47 cents pe…
By Jock Finlayson Against the backdrop of an ongoing war that has disrupted shipments of oil and liquefied natural gas through the Strait of Hormuz, where do matters stand when it comes to the much discussed global “energy transition”? A common narrative among politicians is that we’re witnessing a historic energy revolution, which involves a … Read more
By Richard MacIntosh The USA recently rejected a pipeline from Canada (Alberta) to be paid for by a Canadian pipeline company, along with Alberta tax dollars plus Canadian oil at a reduced rate. Now, the USA is asking American Oil Companies to spend $100 Billion dollars in Venezuela instead. This shift reveals a jarring irony … Read more
New Brunswick is a province rich in natural resources and its diversity of energy assets. Its electricity distribution system has a total generating capacity of 4,415 Megawatts (MW) and is produced by assets like hydropower stations, windfarms, thermal plants, combustion turbines, biomass facilities, and the only nuclear station in Atlantic Canada. New Brunswick is also home to … Read more
By Jock Finlayson What are we to make of the new $25 billion “Canada Strong Fund” (CSF) announced by Prime Minister Mark Carney earlier this week? The prime minister pitched the fund as part of a larger plan to kick-start a moribund economy by super-charging investment, after a decade of alarmingly weak business capital spending, … Read more
Summary Global oil benchmark Brent hits $126.41 a barrel, highest since March 2022 US considers possible military action to break Iran negotiation deadlock, news report says Oil supply disruptions persist as Strait of Hormuz remains closed OPEC+ to raise output quotas slightly; UAE exit seen as limited near-term market impact (Reuters) – Global oil prices … Read more
Newfoundland and Labrador’s Progressive Conservative government tabled its financial plan for the 2026-27 fiscal year on Wednesday. The budget forecasts a deficit of $688.5 million and a $20.8 billion net debt by the end of the 2026-27 fiscal year.
He…
This is not a sovereign wealth fund (SWF) in any serious sense. Traditional SWFs are built from genuine surpluses — not new borrowing—and invest in foreign assets for long-term objectives. The “Canada Strong Fund” is a domestically trapped, politically motivated, potential slush fund dressed up in Norwegian clothing. By The Nemeth Report On April 27, 2026, Prime Minister Mark … Read more
CALGARY, AB, April 29, 2026 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2026. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related management’s discussion and analysis … Read more
Whitecap Resources Inc. is boosting its production outlook for 2026 after it churned out record output for the first three months of the year.
The Calgary-based oil and gas company is increasing its full-year production targets by 7,500 barrels of oi…
Canada’s oil and gas producers are drawing renewed interest from global energy majors as the Middle East conflict has heightened the country’s attractiveness to the world’s biggest operators, with Shell’s $16.4 billion agreement to buy ARC Resources the clearest sign of the shift. TotalEnergies and ConocoPhillips are among the companies taking a fresh look at Canadian competitors, alongside Equinor and BP. Companies have … Read more
(Reuters) – U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates’ move to pull out of OPEC and said he thinks the move could help lower oil prices. “I think it’s great,” Trump said when asked by reporters at the White House what he thought of the UAE’s decision. The UAE – one … Read more
Premier Danielle Smith issued the following statement after the federal government’s spring Economic Update: “I am pleased to see the federal government include Enhanced Oil Recovery (EOR) as an eligible use under the Investment Tax Credits in its latest economic update. “Our government advocated strongly for the inclusion of EOR in carbon capture, utilization … Read more
(Reuters) – The United Arab Emirates’ decision to quit OPEC and OPEC+ has brought years of tensions with Saudi Arabia out into the open, marking a strategic break with Saudi-led oil governance in a rebalancing of power shaped by the Iran war. Political analysts and regional experts said the move to leave the groups of … Read more
(Reuters) – U.S. drivers can expect another spike in gasoline prices in the coming days, just as the summer driving season gets underway, as the conflict in Iran drives oil prices higher and pushes countries around the world to call on American energy supplies. Gasoline demand typically peaks in the summer as many Americans embark … Read more
Executives at Canadian National Railway Co. say higher demand for energy, potash and other commodities generated by the war in the Middle East work to the company’s advantage, even as rising fuel costs weigh on profits.
The country’s largest railway e…
(Reuters) – U.S. President Donald Trump on Wednesday urged Iran to ‘get smart soon’ and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran’s ports. In a post on Truth Social, Trump, who has said Iran can call … Read more
(Reuters) – Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East supply, traders and analysts said. Since the U.S.-Israeli war on Iran that began on February 28 caused the near-total closure of … Read more
(Reuters) – The United Arab Emirates’ decision to quit OPEC would result in faster oil supply growth from the country as it comes out of the current crisis, Barclays said late Tuesday. The UAE, the fourth-largest producer in the Organization of the Petroleum Exporting Countries, said on Tuesday it would exit the group on May … Read more
(Reuters) – The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE official told Reuters on Wednesday, a day after Abu Dhabi announced its withdrawal from OPEC. The Emirati official, who spoke on the condition of anonymity, said the country is reviewing … Read more
Summary Benchmarks on multi-day rally amid Strait of Hormuz closure UAE OPEC exit unlikely to boost near-term supply, analysts say US to extend Iran port blockade, WSJ says US crude inventories fall for second week Oil prices rose 3% on Wednesday, with the Brent contract hitting a one-month high, on media reports the U.S. will … Read more
Global energy heavyweight Shell PLC’s plan to buy one of Canada’s biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say.
The deal to buy Calgary-based ARC Resources Ltd. is va…
The Bank of Canada is widely expected to keep its benchmark interest rate unchanged at 2.25 per cent when it announces its latest decision later this morning.
The central bank is also set to release its latest economic forecast in its quarterly monet…
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to work harder to find savings as the fiscal update shows this year’s spending is already projected to be $6.5 billion over budget. “Carney just released his budget six months ago and he’s already on track to spend $6 billion over budget,” said … Read more
And for heavy-duty ammonia as a source of hydrogen By Don MacLachlan Graphic from Alberta’s Hydrogen 101 By Resource Works More News and Views From Resource Works Here Development in Canada of hydrogen as a “clean” fuel and resource has been slower than generally hoped for — but Alberta is trying to set a pioneering … Read more
A hereditary chief and several environmental groups argue province was wrong to extend old approval for long-delayed pipeline By Gordon Hoekstra A Gitxsan hereditary chief and environmental groups are challenging a 2025 B.C. decision that kept a long-delayed 750-kilometre natural gas pipeline alive. After a five-year extension to an environmental approval certificate was granted in … Read more
The new tax regime will be ‘simpler, more transparent, and aligned with today’s market,’ BC’s Energy Ministry said By Thomas Seal British Columbia Premier David Eby’s government is finalizing a new royalty regime on gas extraction that has caused jitters in the energy industry, with major new liquefied natural gas investments hanging in the balance. … Read more
By Jock Finlayson and Steven Globerman Assessing Canada’s Trade Dependence on the United States, 1999 to 2024 The current Canadian government has made diversification away from trade with the United States—and particularly Canadian exports to the United States—a national priority and has announced and implemented various initiatives reflecting this priority. In fact, over the past … Read more
(Reuters) – The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all-out price war once Gulf producers rush to regain market share when the Iran war is over. The surprise move comes at a time of unprecedented turmoil in … Read more
The spring economic update the federal government released on Tuesday seeks to formalize a pivot in climate policy that first appeared in last year’s energy agreement with Alberta.
In the 2025 budget, the Liberals promised to not make enhanced oil rec…
CALGARY, Alberta, April 28, 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 three months ended March 31, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available … Read more
The United Arab Emirates’ planned exit from OPEC and the wider OPEC+ alliance from May 2026 is expected to have limited immediate impact on oil markets but could weaken the group’s supply discipline and price-management ability over time, HSBC said in a research note on Tuesday. The UAE, one of OPEC’s largest producers, said on … Read more
By Craig Lord The Canadian Press The federal Liberals say they’re getting a windfall from better-than-expected fiscal revenues and are largely putting that money back into circulation to support households and build up the economy. Finance Minister François-Philippe Champagne on Tuesday tabled Canada Strong For All, a mid-year fiscal update that includes $54.5 billion in … Read more
CALGARY, AB, April 28, 2026 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its first quarter 2026 financial and operational results following the announcement of its execution of an arrangement agreement pursuant to which it will be acquired by Shell plc (“Shell”) on April 27, 2026. HIGHLIGHTS Shell Transaction On April 27, 2026, ARC announced … Read more
CALGARY, AB, April 28, 2026 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its first quarter 2026 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 March 31, 2026 and for the three months ended … Read more
Stock markets in Canada and the U.S. moved lower on Tuesday amid losses in tech stocks and rising oil prices due to the Middle East conflict.
“I think this has been the theme for the last little while — when oil’s up, everything else goes down, and …
(Reuters) – Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities … Read more
By Steven Globerman Prime Minister Carney recently announced his government’s intention to establish the “Canada Strong Fund,” a sovereign wealth fund (SWF) that will invest in key strategic Canadian companies and projects. While the government will provide more details about the fund’s mandate, structure and implementation plan over the coming months, the released information raises serious concerns … Read more
The plan for Shell to purchase ARC for US$13.6 billion is the biggest deal in the Canadian oilpatch in over a decade By Robert Tuttle and Mitchell Ferman Shell PLC.’s acquisition of Canada’s ARC Resources Ltd. marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports beyond the … Read more
On Tuesday, the Carney government will update Canadians on the state of federal finances. While early indications suggest that deficit projections will be lower than the government forecasted in November, the Carney government remains committed to the fiscal approach of the Trudeau era, which produced record levels of red ink and dismal economic growth. To quickly recap, … Read more
Kimmeridge on Tuesday urged shale producer Devon Energy’s incoming board to swiftly pursue asset sales, improve capital allocation and revamp executive pay to boost shareholder returns after its merger with Coterra Energy closes. Investment firm Kimmeridge, a well-known activist investor in the energy sector, holds about a 1.4% stake in Devon, according to LSEG data. … Read more
LONDON, April 28 – The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. Here are some analyst … Read more
Summary Trump unhappy with latest Iranian proposal to end war stalemate Iranian oil tankers turned back by US blockade ADNOC LNG tanker crosses Hormuz for first time since Iran war (Reuters) – Oil prices rose 3% on Tuesday, extending the previous session’s gains, as efforts to end the U.S.-Iran war appeared to have stalled, with … Read more
(Reuters) – The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. The loss of the UAE, a longstanding … Read more
More say Canada is on wrong track (42%) than right one (34%) April 27, 2026 – First anniversaries are a significant milestone in most aspects of life. That it has been one year since Prime Minister Mark Carney and the federal Liberals completed a stunning reversal of electoral fortunes and secured a minority government in the … Read more
Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd., bringing together the lead partner in Canada’s first operating liquefied natural gas project with a major producer in one of the continent’s most profitable shale regions.
Wael Sa…
Reuters Reporting Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province’s industrial emitters, two sources with knowledge of the talks said, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains … Read more
Prime Minister Mark Carney announced the creation of the country’s first-ever sovereign wealth fund on Monday, called the Canada Strong Fund.
Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that includ…
Canadian Prime Minister Mark Carney has unveiled the centrepiece of tomorrow’s spring economic update: a record deficit alongside $25 billion in new spending for a proposed national “fund”. The messaging from Carney’s team has been nothing short of creative, branding it the “Canada Strong Fund”—invoking patriotism, describing it as a “sovereign wealth fund”—suggesting national autonomy, … Read more
By Jeff Desjardins Key Takeaways China accounts for 51.7% of global coal consumption, using more than all other countries combined. The top six countries make up 87% of global demand. India is a distant second at 11.7%, followed by Indonesia (9.0%). The U.S. and Australia each contribute about 5% of global demand. Coal consumption is more concentrated … Read more
By Anant Chandak and Indradip Ghosh BENGALURU, April 27 (Reuters) – Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep. The war’s knock-on effects have ripped through the energy market … Read more
By Aditya Soni, Akash Sriram and Stephen Nellis OpenAI can now sell products on Amazon and Google Cloud, expanding enterprise reach Microsoft aims to reduce reliance on OpenAI by developing its own AI models Ending exclusivity may ease antitrust scrutiny in US, UK, and Europe OpenAI’s demand on Amazon’s cloud described as staggering in internal … Read more
Analysts say demand for Canadian barrels is rising, marking a sharp turnaround from earlier in the year By Meghan Potkins Original: financialpost.com/commodities/energy/canadian-airlines-cancel-flights-profit-margins-oilpatch-refiners For Canadian and North American refineries, the Iran war oil shock has hit like a hurricane. A growing shortfall in crude supply from the Middle East has sent prices skyrocketing, pushing jet fuel … Read more
Citi raised its outlook for average Brent crude prices for the rest of 2026 late on Sunday, warning prices could surge to $150 a barrel if oil flows through the Strait of Hormuz remain disrupted through the end of June. The bank lifted its base-case forecast for Brent to $110, $95 and $80 a … Read more
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, April 27, 2026 /CNW/ – AKITA Drilling Ltd. (TSX: AKT.A) (TSX: AKT.B) AKITA Drilling Ltd. (“AKITA” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the “Purchase Agreement“) with Paramount Resources Ltd. (“Paramount“) to acquire all of Paramount’s … Read more
CALGARY, AB, April 27, 2026 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce that it has entered into a purchase and sale agreement (the “Agreement”) with AKITA Drilling Ltd. (“AKITA”) pursuant to which AKITA will acquire all of Paramount’s interests in its Fox Drilling subsidiary (“Fox”) for 19,264,270 voting common shares of … Read more
The U.S. has stepped in to shield the global economy from the oil crunch triggered by the Iran war by boosting exports, selectively easing sanctions and tapping strategic reserves. The conflict may be denting Washington’s standing in some quarters, but it is also cementing its transformation into the world’s dominant energy superpower. Unlike in previous … Read more
Goldman Sachs raises oil price forecasts on tight supply Goldman Sachs has raised its oil price forecasts for the fourth quarter to $90 a barrel for Brent crude and $83 for U.S. West Texas Intermediate (WTI), on lower output from the Middle East. “The economic risks are larger than our crude base case alone suggests … Read more
St. Albert, Alberta–(Newsfile Corp. – April 27, 2026) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (“Enterprise” or the “Company“), a consolidator of specialized equipment and services to the energy, resource, and industrial sectors, is pleased to announce a significant operational milestone through its power division, Evolution Power Projects (“EPP“), with the successful deployment of … Read more
Summary Trump says Iran can call if it wants to talk Iranian envoy shuttles between Pakistan, Oman and Russia Goldman Sachs raises fourth-quarter oil price forecasts (Reuters) – Oil prices jumped almost 3% on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, … Read more
Chris Varcoe: Province still prefers a new oil export pipeline that goes to a deepwater port in northern British Columbia — not one to southern B.C. By This Article and More From Chris Varcoe Here Original: https://financialpost.com/opinion/columnists/varcoe-ottawa-energy-pact-danielle-smith-prefers-pipeline-british-columbia/wcm/9a37a7c6-9b21-479f-8242-4476adb712e6 Premier Danielle Smith sounds confident about getting the remaining key pieces of the Alberta-Ottawa energy accord across the … Read more
In Canadian energy and industrial operations, boiler reliability is about far more than uptime. It is tied directly to safety, inspection readiness, and long-term asset protection. And when it comes to drum level instrumentation, small oversights can lead to larger consequences. That is why Clark-Reliance’s upcoming webinar, ASME Boiler Code Requirements & Recommendations for Drum … Read more
Saskatchewan is the world’s No. 2 world exporter of uranium By Don MacLachlan Cigar Lake uranium mine, Saskatchewan By Resource Works More News and Views From Resource Works Here It’s been a while since Canada sold one of its pioneering CANDU nuclear-power reactors to an overseas buyer, but a new push is under way. So … Read more
Acquisition accelerates Shell’s strategy by adding 370 kboe/d1 immediately across liquids and gas leading to a 4% production CAGR2 through to 2030, compared to 2025. Increases Shell’s exposure to long-duration, low-cost and top quartile low carbon intensity shale gas and liquids production in Canada’s Montney basin, delivering value for decades. Transaction expected to generate double … Read more
The Bank of Canada will share how it’s thinking about price pressures from the Iran war on Wednesday when it publishes a new monetary policy report and makes its next interest rate decision.
The central bank has held its benchmark rate steady at 2.25 …
The Newfoundland and Labrador government has approved hikes in greenhouse gas emissions at a nickel mine in northern Labrador and the Cenovus-owned White Rose oilfield off the coast of St. John’s.
Cenovus estimates that its new West White Rose platfor…
By Jim Warren Mark Carney’s quest for a New World Order was back in the news this month. And it was all thanks to over the top remarks made by his wife, Diana Fox Carney when she introduced him to the crowd at the Liberals’ annual convention in Montreal. The introduction did not simply include … Read more
There is a war in the Middle East, and much of the world’s oil supply from that region is now unreliable or undeliverable. Beyond the immediate human tragedy, the conflict highlights a broader failure of international diplomacy, and a reality Canadians must confront: the world is becoming more dangerous and more unpredictable. Energy security now … Read more
Hopes of a diplomatic breakthrough in the U.S.-Israeli war with Iran faded on Sunday, as efforts to revive talks stalled and both Tehran and Washington showed little sign of softening their positions. Iranian Foreign Minister Abbas Araqchi flew back to the Middle East from mediation talks in Pakistan over the weekend, while U.S. President Donald … Read more
The federal government announced Friday it has approved Enbridge Inc.’s $4-billion Sunrise natural gas pipeline project in British Columbia. Here’s a quick rundown of the project and why it’s important.
What is the Sunrise Expansion Project?
The Westc…
This News Release is Not for Dissemination or Distribution in the United States of America to United States Newswire Services or United States Persons CALGARY, Alberta, April 24, 2026 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is providing a clarification to its previously disclosed estimated production following the disposition of its Kakwa Central … Read more
By Laila Kearney and Alex Lawler Iran to make offer aimed at satisfying US demands, Trump tells Reuters Trump to send Witkoff and Kushner to Pakistan for Iran talks, CNN reports WTI falls on the day, but both benchmarks rise on the week NEW YORK/LONDON, April 24 (Reuters) – Oil prices whipsawed in volatile trade … Read more
(Reuters) – Top oilfield services companies SLB and Baker Hughes said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by the Middle East conflict highlight the need for investment, particularly in North America. The U.S.-Israeli war with Iran has halted 20% of the world’s oil that usually … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 544 in the week to April … Read more
(Reuters) – U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. The on-again, off-again peace talks with Iran mean that the repair of damaged Qatari … Read more
By George Journal “Canada is an energy superpower” – a line that PM Mark Carney and energy minister Tim Hodgson like to repeat often. Canada should be front and centre in global energy trade discussions given the gas shortages and price hikes caused by the Russian and Iranian wars, and the closing of the Strait … Read more
The federal government has approved a $4-billion plan by Enbridge Inc. to expand an existing natural gas pipeline in British Columbia, a move one executive says demonstrates a greater “sense of purpose” from Ottawa toward bolstering Canada’s status as…
Divests its geoscience and petroleum engineering software portfolio to global technology firm SLB in order to sharpen focus on proprietary data and insights Launches Titan, a new customer facing AI-powered platform for upstream data and insights Partners with SLB to distribute S&P Global Energy data and develop new tools NEW YORK, April 24, 2026 /PRNewswire/ … Read more
TORONTO, April 24, 2026 /CNW/ – In a time of uncertainty, the federal government is positioning Canada as a secure energy superpower at home and abroad. In support of this objective, today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that the Government of Canada has approved the Sunrise Expansion Program in … Read more
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / April 24, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) announces the Company has filed its Annual Financial Results and Management Discussion & Analysis for the year ended December 31st, 2025. 2025 Financial and Operating Highlights Working … Read more
The entrance to oilfield service provider SLB’s office in Houston, Texas, showing the former Schlumberger’s new name and logo, is seen in this handout image taken June 2023. Courtesy of SLB/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY./File Photo (Reuters) – SLB reported a fall in first-quarter profit on … Read more
Summary Oil on track for second-largest weekly rise since Iran war began Brent up 18% so far this week, WTI up 16% Trump says he would not set a timetable for ending the conflict (Reuters) – Oil rose on Friday on concerns of a renewed military escalation in the Middle East after Iran released footage of commandos … Read more
CALGARY, AB, April 23, 2026 /CNW/ – Tuktu Resources Ltd. (“Tuktu” or the “Company“) (TSXV: TUK) is pleased to announce its financial and operating results for the three months and year ended December 31, 2025 and an operations update on its recently drilled and completed well. The audited financial statements, related management’s discussion and analysis (“MD&A”) and annual information … Read more
Gulf oil production, sharply curtailed by the Iran conflict, is likely to mostly recover within a few months after the Strait of Hormuz fully reopens, but could take significantly longer, Goldman Sachs said on Thursday.The bank estimated about 14.5 million barrels per day of Gulf crude output – around 57% of pre-war supply – was … Read more
Questerre Energy Corp. is selling its minority stake in its Kakwa Central assets in Alberta for $23.5 million in cash.
The company says the deal includes the assumption of decommissioning liabilities and its commitments under its firm transportation a…
Expansion now seen as a question of ‘When, not if’ By Don MacLachlan Jackie Forrest of Arc Energy Institute interviews Energy Minister Tim Hodgson at the CERAWeek 2026 conference in Texas By Resource Works More News and Views From Resource Works Here LNG Canada’s partners have long been actively looking at expanding the plant at … Read more
Canadian and U.S. markets drifted lower Thursday amid continued oil price volatility and geopolitical instability.
The S&P/TSX composite index fell 42.18 points at 33,912.93.
In New York, the Dow Jones industrial average was down 179.71 points at 49,…
A new crude pipeline is crucial to Carney’s ambitions of making Canada an energy superpower By Brian Platt Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase … Read more
95% of exploration and production companies (E&P) expect production growth over the next 12 months, while stronger crude prices, improved outlooks and rising investor confidence reshape the Canadian energy story in 2026. Energy services sentiment is improving, with 75% of services respondents expecting higher customer activity in 2026 and margins projected to improve over the … Read more
By Annika Segelhorst and Elmira Aliakbari Take a deep breath and savour the freshness of spring without fear. Canada’s air quality significantly improved over the past half century. Levels of major air pollutants have fallen dramatically since the 1970s, and today, most communities in Canada enjoy good air quality for the vast majority of each year. Earth … Read more
By The Nemeth Report In the space of a single weekend in April 2026, Prime Minister Mark Carney offered Canadians—and Washington—two starkly different visions of the Canada–U.S. relationship. On Sunday, April 19, in a polished video address styled as a direct “Address to the Nation”—a format more commonly associated with American presidents—Carney declared that close economic and … Read more
By Julio Mejía and Elmira Aliakbari The Smith and Carney governments have yet to finalize a deal on the industrial carbon tax, despite an April 1 deadline included in last year’s Alberta-Ottawa memorandum of understanding (MOU). Considering the stakes, it’s no wonder the deal remains hard to reconcile. To recap, in May 2025 the Alberta … Read more
By Robert Tuttle The Canadian government’s pledge to supply 23.6 million extra barrels of oil in the coming months reflects natural growth in production, according to BMO Capital Markets, rather than a specific effort to produce more crude. The promise made by Energy Minister Tim Hodgson last month was Canada’s contribution to the 400 million … Read more
(Reuters) – The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision. The move would temporarily ease requirements that goods transported between U.S. ports be carried … Read more
On April 22, 2026, the Alberta Energy Regulator (AER) issued an order requiring MAGA Energy Ltd. (MAGA) to suspend its operations to protect the public and environment. Based on MAGA’s unpaid municipal taxes, AER and Orphan Well Association debt, and failure to meet its commitments, the Director assessed that the Licensee does not have the capacity to … Read more
The industry argues that industrial carbon pricing makes Canada less competitive globally By Nojoud Al Mallees Prime Minister Mark Carney says the time by which the industrial carbon price must reach $130 per metric tonne in Alberta is being negotiated with the provincial government. The two levels of government have a memorandum of understanding that … Read more
LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on Alberta Premier Danielle Smith to stand up to Ottawa and reject all carbon taxes on Albertans. “Prime Minister Mark Carney says the industrial carbon tax is ‘actually quite low’ and he wants to ‘rectify’ that,” said Kris Sims, CTF Alberta Director. “Albertans can’t afford a higher carbon … Read more
The British Columbia Energy Regulator has issued an order to LNG Canada related to “black smoke flaring” after an inspection revealed at least two instances of non-compliance with the company’s permit for its facility in Kitimat.
The order says staff …
How “Clean Energy” Bulldozes What Oil Never Could By The Nemeth Report This past “Earth Day”, while many celebrated ‘clean energy,’ let’s have an honest conversation about the selective outrage and double standard of Canada’s climate movement — one that fiercely protects caribou from northern oil and gas projects, yet stands largely silent as wind … Read more
(Reuters) – U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey. The survey collected data from April 15 to April 20 from 120 oil and gas firms, of which 78 were exploration and production … Read more
(Reuters) – Russia is maintaining the flow of its oil to world markets and thereby helping to limit the impact of the crisis triggered by the Iran war, but it has no specific initiative to propose within OPEC+, the Kremlin said on Thursday. “At the moment, we are making our contribution to stabilizing prices and … Read more
(Reuters) – Iran seized two ships in the Strait of Hormuz as it tightened its grip on the strategic waterway after U.S. President Donald Trump announced he was indefinitely calling off attacks, with no sign of peace talks restarting. The status of a two-week-old ceasefire, due to have expired earlier this week, remained unclear. In … Read more
(Reuters) – Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly six years in April as the effective closure of the Strait of Hormuz cuts off cargoes from major supplier Qatar. Despite the loss of volumes it could be argued that Asia’s LNG markets are being more successful … Read more
(Reuters) – S&P Global Energy has reduced its global oil demand forecast for 2026 by 700,000 barrels per day as the U.S.-Iran war disrupts energy supplies from the Middle East and hits demand in the second quarter, consultant Ethan Ng said on Thursday. Global oil demand growth expected to shrink to 400,000 bpd versus … Read more
When the United States allowed the widespread sale of gasoline with increased ethanol content at the pumps as a temporary measure to relieve soaring prices, online posts claimed the blend of ethanol and gasoline known as E15 damages engines and offers…
About 10.7 million barrels of Iranian crude exports crossed through the Strait of Hormuz and exited the area blockaded by the U.S. Navy between April 13 and 21, data analytics firm Vortexa said. * The shipments transited on six crude carriers that had their AIS data switched off. * A U.S. blockade of Iranian ports … Read more
The past decade has brought a rapid succession of global energy crises, driven by military conflict, extreme weather and supply-chain snarls. As today’s highly interconnected oil and gas markets become more fragmented and the low-carbon transition accelerates, recurring shocks may be becoming the norm. First came the post-pandemic inflationary surge in 2021, quickly followed … Read more
Trucking and logistics firm Mullen Group Ltd. says it earned $21 million in its first quarter as acquisitions helped boost revenue 10 per cent.
The Alberta-based company says the profit amounted to 22 cents per diluted share for the quarter ended Marc…
Summary Iran seizes ships in Strait of Hormuz US maintains naval blockade and intercepts Iranian tankers Total US exports of oil and petroleum products climb to a record (Reuters) – Oil prices extended gains on Thursday, rising more than $1 on stalled peace talks between Iran and the United States and continued restrictions on trade … Read more
Alberta Utilities Minister Nathan Neudorf says a public feedback report that suggests support for nuclear energy is not a “slam dunk” for the industry, as it urges the pursuit of nuclear power while also encouraging the legwork to keep people safe.
Th…
Prince Edward Island is a province rich with renewable energy resources. Its electricity distribution system has a total generating capacity of 424 Megawatts (MW) and the province is largely reliant on imported energy from New Brunswick, especially during the winter heating season. The province is aiming for a net-zero electricity grid by 2040, its energy is currently … Read more
While oil demand destruction deepens with each passing day the Strait of Hormuz remains closed, the longer-term impact of the Iran war may paradoxically work in oil’s favour. Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system. Aggregate worldwide oil consumption is plummeting under the … Read more
A delegation of First Nations leaders from British Columbia have come to Calgary to relay a message to pipeline executives face-to-face — steer clear of investing in a new bitumen pipeline to the northwest coast or risk a prolonged legal fight.
Haida…
Calgary, Alberta–(Newsfile Corp. – April 22, 2026) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to provide an operational update on its recently drilled Moonshine well in East Central Alberta and outline its 2026 capital budget. 2026 Capital Budget Lycos has approved 2026 capital expenditures(1) of $35 million to $40 million, focused on the continued … Read more
By John Ainger Turkey will use its role as host of this year’s COP31 climate summit to boost clean energy adoption, according to the event’s incoming president, with the Iran war showing how important it is to diversify away from fossil fuels. Murat Kurum, Turkey’s environment minister who will oversee the talks, said in an … Read more
By Courtney Subramanian, Jennifer A Dlouhy, and Arsalan Shahla US President Donald Trump indefinitely extended a ceasefire with Iran after the two sides failed to meet for more peace talks, with the war developing into a game of brinkmanship over the critical Strait of Hormuz. Trump said Pakistan, the main mediator between the warring sides, … Read more
(Reuters) – U.S. oilfield services firm Weatherford International said on Wednesday that oilfield activity in Mexico has normalized and it was starting to get paid after a new financial mechanism helped raise funds for state-run energy company Pemex to pay its suppliers after long delays. Oilfield service companies had significantly reduced activities amid Pemex’s accumulation … Read more
The U.S. Supreme Court on Wednesday rejected Enbridge’s bid to change the venue of an environmental lawsuit by Michigan seeking to force the Canadian energy company to stop operating an oil pipeline between two of the Great Lakes. The justices unanimously ruled that Enbridge had waited too long to seek to move the lawsuit by … Read more
HALIFAX – Nova Scotia Premier Tim Houston says some opponents of fracking are drowning out voices who want to have a conversation and learn more about new fossil fuel production. Houston posted the comments on social media, along with a short video of a consultation session in Windsor, N.S., hosted by Dalhousie University on … Read more
(Reuters) – Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world’s sees much oil or cargo leave or enter the Gulf, two top sector executives said on Wednesday. “Two weeks ago when the ceasefire, said to be temporary, came into picture, we thought there was hope. … Read more
Michael Kovrig said the agreement will lead to unfair competition and the erosion of Canada’s industrial base By Laura Dhillon Kane Michael Kovrig, founder of Global Network for Strategic Effects, attends a House of Commons committee meeting to discuss the implications of Chinese-made electric vehicles in Canada, in Ottawa on April 16, 2026. Photo by … Read more
The declining competitiveness of Canada’s oil extraction has also helped decouple the currency from oil prices By Anya Andrianova and Erik Hertzberg When oil prices surge, the Canadian dollar usually strengthens — but that dynamic has shifted. Since the war in the Middle East erupted in late February, the loonie slipped 0.2 per cent against … Read more
By Alex Lawler (Reuters) – The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy Agency and U.S. Department of Energy … Read more
Reuters The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming structural if the conflict persists, the head of the Gas Exporting Countries Forum said on Wednesday. Since the Middle East crisis began at the end of February, more than 500 million barrels of … Read more
Summary US announces ceasefire extension with Iran Ships attacked by gunfire in Strait of Hormuz API shows drops in US crude, fuel and distillate stocks, sources say (Reuters) – Oil prices rose on Wednesday, erasing earlier losses after reports of gunfire attacks on at least three container ships in the Strait of Hormuz and a lack of … Read more
Calgary, Alberta–(Newsfile Corp. – April 22, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to announce that today the Company has sold its non-core assets located in Tableland, Saskatchewan (the “Tableland Assets”) to an arm’s length third party (the “Purchaser”) for aggregate proceeds of $13.0 million (the “Transaction”). … Read more
A new report from Enverus says Western Canadian oil production can grow by about one million barrels a day over the next seven years.
The research firm says the growth will be mostly driven by expansions to existing steam-driven oilsands projects.
Th…
(Reuters) – Researchers at Citi said on Monday that global crude and product inventories could decline by roughly 900 million barrels even if the United States and Iran agree to a ceasefire extension this week, and both Strait of Hormuz flows and oil production recover to normal levels by the end of June. The bank … Read more
Calgary, April 2026 — Muddy Boots Inc. (MBO), the operations software platform trusted by field teams across oil & gas and building management, today announced the launch of its newly redesigned website at www.muddyboots.online. For those already familiar with the Muddy Boots name, the site offers the most comprehensive look yet at the full scope … Read more
Calgary, Alberta — GLJ Ltd. (“GLJ”) announces a planned leadership transition, with President & Chief Executive Officer Jodi Anhorn stepping down from his role effective October 1, 2026. Michael Livingstone, currently Senior Vice President, Geosciences, will assume the role of President & CEO. This transition follows a structured and deliberate succession process led by GLJ’s … Read more
By Will Gibson A caribou moves through the Algar region of northeast Alberta. CP Images/University of British Columbia-Cole Burton Large-scale habitat restoration in Alberta is accelerating to support iconic caribou populations. The focus is on legacy seismic lines — straight, flattened clearings cut through the boreal forest decades ago for oil and gas … Read more
The world’s largest EV-battery manufacturer is looking to stay ahead of BYD and other competitors Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery manufacturer, unveiled a new fast-charging technology ahead of the Beijing auto show in a bid to stay ahead of BYD Co. Ltd. and other competitors. The Ningde-based company, better … Read more
By Jim Warren Small modular reactors (SMRs) are less common than you might think One of the most amazing things about small modular nuclear reactors (SMRs) is how few of them actually exist. According to the latest information published by the World Nuclear Association, there is one SMR operating in eastern Russia, and another in … Read more
Those in the market for a new vehicle should factor the rising cost of fuel into their budgets, experts say.
“When you’re looking at buying a car, it’s more than just the sticker price on the vehicle,” said Morgan Roberts, vice-president at RH Insuran…
By Yogi Schulz I’m impressed by the courage of Premier Tim Houston’s Progressive Conservatives in Nova Scotia. They lifted a ridiculous, decade-long moratorium on hydraulic fracturing last year. Perhaps the province’s difficult financial position prompted the provincial government to lift the moratorium. Now they are determined to have an energy producer drill the first exploratory … Read more
By Tammy Nemeth and Ron Wallace Prime Minister Carney’s January 2026 Davos speech highlighted a “rupture” in the global order, a vision that defined a new role for middle powers like Canada. Subsequently, after securing a much-coveted majority, he made an open call welcoming policy ideas and recommendations from Canadians. For more than a year, … Read more
By Annika Segelhorst and Elmira Aliakbari Canada’s Air Quality, 1970-2023 This study analyzes data from Environment Canada on emissions and ambient (outdoor) concentrations of five major air pollutants critical to human health: ground-level ozone (O3), nitrogen dioxide (NO2), fine particulate matter (PM2.5), sulphur dioxide (SO2), and carbon monoxide (CO). Trends for these pollutants are … Read more
Calgary, Alberta–(Newsfile Corp. – April 21, 2026) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2025. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Completed construction of its Two Rivers East facility and pipelines to connect … Read more
Canada’s main stock index fell more than 550 points on Tuesday, while U.S. markets also lost ground amid uncertainty about U.S.-Iran ceasefire talks.
“North American equity markets started out on solid footing today, but then … retreated as the day p…
Alberta Premier Danielle Smith has signed a joint statement with South Korea to waive a three per cent tariff on crude exports from the oil-rich province.
The Alberta government says the agreement will open up more market access for energy producers s…
Nova Scotia is kicking off public consultations on its controversial plan to allow natural gas exploration more than a decade after fracking was first banned in the province.
In December, the provincial government tapped Dalhousie University to admin…
Brent futures have been remarkably volatile since the start of the Iran war By Alex Longley and Grant Smith Oil prices don’t fully reflect the largest supply disruption ever, after the Iran war effectively closed the Strait of Hormuz, some of the market’s top analysts said. So far, the conflict has caused the loss of … Read more
WCSB oil production can grow 1 MMbbl/d — but more pipeline capacity will be needed by the early 2030s CALGARY, Alberta (Apr. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Oil Sands Play Fundamentals: From Pariah to Priority, which details why the Canadian … Read more
(Reuters) – President Donald Trump told CNBC in an interview on Tuesday that he did not want to extend a ceasefire with Iran, adding the U.S. was in a strong negotiating position and would end up with what he called a great deal. “I don’t want to do that. We don’t have that much time,” … Read more
(Reuters) – The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, the world’s most important oil chokepoint, exposing the Middle East’s limited alternatives for exporting its hydrocarbons. The International Energy Agency (IEA) called it the largest supply disruption on record, bigger than the oil shocks of the 1970s and the loss … Read more
(Reuters) – Russia was forced to reduce oil output in April due to Ukrainian drone attacks on ports and refineries, as well as a halt to crude supplies via the only remaining Russian oil pipeline to Europe, according to five sources and Reuters calculations. In what could be the sharpest monthly decline to Russian output … Read more
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A U.S. blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the … Read more
Summary Iran considers attending peace talks in Pakistan Another month of Hormuz disruption could push prices towards $110 a barrel in Q2, Citi says Market awaits US EIA data on Wednesday Russia to stop exports from Kazakhastan to Germany (Reuters) – Oil prices fell on Tuesday, reversing the previous session’s gains, on expectations that peace … Read more
(Reuters) – The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday. “This is indeed the biggest crisis in history,” Birol told France Inter radio in an interview broadcast on Tuesday. “The crisis is … Read more
Halliburton beats profit estimates on oilfield services demand in Latin America, Europe (Reuters) – Halliburton beat Wall Street estimates for first-quarter profit on Tuesday, as steady demand in Latin America and Europe helped offset a slowdown in activity in the Middle East due to the Iran war. Revenue in the U.S. oilfield services provider’s international … Read more
(Reuters) – The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come, according to analysts and Reuters calculations. Iranian Foreign Minister Abbas Araqchi said … Read more
Statistics Canada says airfares rose year-over-year for the first time in nearly two years in March amid sky-high jet fuel prices.
Agency data shows that plane ticket prices rose 2.9 per cent last month compared with March 2025.
National Bank analyst …
Exemptocracy: a hybrid regime where the outward forms of liberal democracy—elections, statutes, the “rules-based order”—remain intact, while real power operates through the discretionary granting of exemptions, carve-outs, waivers, fast-tracks, and regulatory mercy by the Prime Minister’s Office and its inner circle. The law is not repealed. It is simply not applied to the favoured. Everyone else lives … Read more
Whether it’s Florida oranges, Colombian coffee or even homegrown items from another province, food has often travelled a long way before it reaches grocery stores in Canada.
The supply chain gets even longer for communities in the Far North.
Typicall…
(Reuters) – President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his administration aims to tackle rising fuel prices as a result of U.S. and Israel’s war on Iran. Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas … Read more
CALGARY, Alberta, April 20, 2026 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its first quarter operating and financial results for the three months ended March 31, 2026. First Quarter Highlights Total royalty production grew 4% over Q1 2025(1) averaging 26,293 BOE per day in the quarter, and included a 2% … Read more
AMSTERDAM, April 20 (Reuters) – The Dutch government on Monday estimated that the European Union could supply enough kerosene to the EU’s economy to last about five months, drawing on domestic production and strategic reserves. European airlines have warned of potential jet fuel shortages within weeks as a result of the Iran war. The Dutch … Read more
By Joshua Gaunt-Warner The European energy services sector faces a brighter future once the Middle East conflict de-escalates as a result of work that oil producers need to undertake to resolve disruption, according to Barclays Plc analysts. Companies such as Technip Energies SA and Viridien SA are set to see increased demand as countries look … Read more
(Reuters) – Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran’s ports, a major hurdle for Tehran to rejoin peace efforts. However, the official stressed that no decision had been made. Adding to … Read more
Canada’s main stock index saw slight gains Monday, while U.S. markets edged lower following the latest rise in tensions between the United States and Iran.
The S&P 500 slipped 0.2 per cent from its all-time high for just its second drop in 14 days …
(Reuters) – A senior Iranian official said on Monday that Tehran is positively reviewing its participation in potential peace talks with the United States but that no final decision has been made. The Iranian official said positive efforts are underway by mediator Pakistan to end the U.S. blockade and to ensure Iran’s participation in the … Read more
(Reuters) – Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf, hindering its ability to meet certain customer commitments, Bloomberg News reported on Monday, citing a document. State-run Kuwait Petroleum Corp. notified customers on Friday … Read more
Shares of Superior Plus Corp. were up more than 10 per cent in early trading after it announced it has recently been awarded multiple contracts, including an agreement to support a hyperscale data centre project.
The company says its Certarus Ltd. sub…
Daylight time year-round in Alberta? We have the answer from Premier Smith This Story and More From Rick Bell Here The clock tower atop Calgary’s Old City Hall was photographed on Wednesday, Oct. 29, 2025. Brent Calver/Postmedia Alberta is going to daylight saving time all year round. Story continues below Premier Danielle Smith and her UCP … Read more
OTTAWA – The annual rate of inflation accelerated to 2.4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada said Monday. That’s a jump of more than half a percentage point from the headline inflation rate of 1.8 per cent in February, though economists had widely expected the … Read more
Calgary, Alberta–(Newsfile Corp. – April 20, 2026) – Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Company“, or the “Corporation“) is pleased to announce a slate of upcoming investor presentations, speaking engagements, and industry participation covering capital markets forums, technical conferences, and professional development events. The breadth of invitations reflects increasing industry recognition of Prospera’s … Read more
A consistent theme in global oil markets since the U.S. and Israel attacked Iran is that the effective closure of the Strait of Hormuz will be short-lived, and therefore so will the disruption to the supply of crude and refined products. That expectation has consistently been reflected in pricing for crude oil futures, which have … Read more
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the narrow waterway will take months – and possibly years – to recover to pre-war levels. Iran said … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, April 20, 2026 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces results for the three-month period and year ended December 31, 2025. Annual … Read more
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data. The oil products tanker Nero, which is under British sanctions for Russian oil activities, left the Gulf and was sailing through the Strait, according to satellite analysis … Read more
Summary U.S. seizes Iranian cargo ship Tehran rejects a second round of peace talks Shipping traffic remains at virtual standstill through Hormuz, data shows (Reuters) – Oil prices jumped about 5% in Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic … Read more
In energy operations, there is no shortage of instrumentation. Plants and facilities rely on PLCs, DCS platforms, transmitters, analytics, and remote monitoring systems to keep processes running efficiently. Yet when it comes to protecting critical assets such as pumps, compressors, turbines, and gas handling equipment, many operators still depend on one simple question: What happens … Read more
Former environment minister Catherine McKenna says the leaders of Canada’s oil industry are figures close to American President Donald Trump who are “taking us for fools” and putting both the economy and environment at risk.
Canada’s official greenho…
Ottawa’s temporary suspension of some fuel taxes kicks in today, with Canadians likely to save 10 cents per litre on regular gasoline, and four cents on a litre of diesel.
Prime Minister Mark Carney had announced last week a pause on those fuel excise…
Steam Assisted Gravity Drainage (SAGD) is an “in-situ” (in place) thermal recovery technology used to extract heavy crude oil and bitumen from deep underground deposits that are too deep for traditional surface mining. Primarily used in the Canadian oil sands, it works by using heat from steam to thin thick oil so it can flow to the surface … Read more
The latest annual account of greenhouse gas emissions shows Canada’s emissions reductions slowed in 2024 to almost nothing.
Environment and Climate Change Canada quietly published its national inventory report on Wednesday, something it’s required to …
An eastern Canadian logistics, trucking and courier company with a fleet of more than 200 vehicles says Monday’s federal tax break on fuel should provide relief to hard-hit customers.
Karanjeet Singh, owner of Dartmouth, N.S.-based NovaExpress, said …
* Tehran says gaps remain over nuclear issues, Strait of Hormuz* Trump cites ‘very good conversations’ * Iran reimposes Strait of Hormuz closure * Shipping remains uncertain after vessels report gunfire By Trevor Hunnicutt, Ariba Shahid and Muhammad Al Gebaly WASHINGTON/ISLAMABAD, April 19 – Iran’s top negotiator said recent talks with the U.S. had made … Read more
Goldman Sachs said softer oil demand and easing supply disruptions have balanced out the risks in its oil price outlook, though it kept its 2026 average forecasts unchanged. The bank maintained its Brent and WTI crude forecasts for 2026 at $83 a barrel and $78 a barrel, respectively, assuming oil flows through the Strait of … Read more
FuelMaxx is a state-of-the-art fuel modulator device engineered to optimize diesel combustion, delivering measurable fuel savings and reduced emissions across all types of heavy-duty diesel equipment and vehicles. Designed with durability and performance in mind, FuelMaxx operates completely maintenance-free, requiring no filters, additional fluids, or routine servicing—ensuring maximum uptime and operational efficiency. By enhancing fuel … Read more
By Javier Blas It feels like an eternity, but it was only a decade ago when the political center-left was still for “all of the above” energy sources: fossil fuels and renewables alike. It was the not-so-distant days of Barack Obama, when the US president defended fracking as a force for good, saying there wasn’t … Read more
Manitoba Premier Wab Kinew says Ottawa has hinted that it wants liquefied natural gas shipping out of Churchill by 2030 or federal support for an expansion of a port in the community could be off the table.
Kinew met with Prime Minister Mark Carney t…
By Jesus Calero and Gus Trompiz Threat of mines not fully understood, US Navy advisory warns Norway shippers also flag uncertainty over mines UN’s IMO says currently verifying details A group of ships tests Hormuz exit PARIS, April 17 (Reuters) – A group of ships made an unsuccessful attempt to exit the Gulf on Friday … Read more
By Georgina Mccartney Brent and WTI crude make largest daily drops since April 8 US-Iran negotiations progress, according to media report US military blockade of Iran remains in effect HOUSTON, April 17 (Reuters) – Oil prices settled down by around 9% on Friday after Iran said passage for all commercial vessels through the Strait of … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second straight week for the first time since March, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by … Read more
(Reuters) – Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran’s foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world’s most traded commodity ahead of major announcements in the course of the Middle East war. Large, well-timed … Read more
Skyrocketing jet fuel costs threaten to push airfares up and flight numbers down well into the peak summer travel season, even as signs of hope emerge that oil flows from the Persian Gulf are set to resume.
Iran’s foreign minister said Friday the Stra…
Energy industry experts say it could be a while before any calm returns to rattled oil markets after Iran’s top diplomat declared the Strait of Hormuz “completely open” to commercial traffic that had all but ceased when war engulfed much of the region…
(Reuters) – Iran’s foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon. Here are some quotes from the shipping industry and world leaders on the Iranian declaration. SHIPPING INDUSTRY: KNUT ARILD HAREIDE, CEO OF THE … Read more
Canadian and U.S. stock markets shot higher in early afternoon trading while the price of oil plunged more than 10 per cent after Iran’s foreign minister said the Strait of Hormuz is fully open.
U.S. President Donald Trump initially celebrated, post…
April 17 (Reuters) – Slovakia will file a lawsuit in the coming days challenging the European Union’s decision to ban Russian gas imports, adopted by a qualified majority, and will seek a preliminary injunction, Prime Minister Robert Fico said on Friday. The suit will be filed with the EU’s Court of Justice, Fico said, criticising … Read more
(Reuters) – Oil prices plunged by over 10% on Friday, extending previous losses, after Iran’s foreign minister said that the passage for all commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period, in line with that in Lebanon. Brent crude futures dropped by $11.12, or 11.2%, to $88.27 a barrel at 1311 … Read more
Takeaways by Bloomberg AI A record wave of new liquefied natural gas supply was meant to usher in a prolonged period of lower prices, but the war in the Middle East has caused the world’s worst-ever energy crisis and sent prices higher. The near-closure of the Strait of Hormuz and damage to Qatar’s LNG export plant … Read more
It could take up to two years to recover a significant share of oil and gas production that has disrupted by the Iran war, Fatih Birol, executive director of the International Energy Agency, said. The recovery will be gradual as damage from the conflict has affected oil fields, refineries and pipelines across the Persian Gulf, … Read more
Leaders want the vital Strait of Hormuz opened immediately to restore energy flows Some Gulf Arab and European leaders believe that a U.S.-Iran peace deal will take about six months to be agreed and that the warring sides should extend their ceasefire to cover that timeframe, according to officials from the regions familiar with the … Read more
Takeaways by Bloomberg AI Trump administration officials urged US oil producers to boost output amid a global supply shock caused by the war in Iran. The administration is grappling with the effective closure of the Strait of Hormuz, which has yanked an estimated 16 million barrels per day of crude from the world market. Industry leaders … Read more
A new business sentiment survey from ATB Cormark Capital Markets suggests confidence is waning in a new oil pipeline being chosen for a speedy federal review within the next year.
The investment firm canvassed executives representing 24 energy servic…
Statistics Canada will reveal the early impacts of the Iran war’s oil price shock on inflation when the agency reports its consumer price index for March on Monday.
The price of oil has surged in recent weeks after Iran responded to attacks by the Uni…
By Tegan Hill and Nathaniel Li According to its latest budget, the Smith government will run a whopping $9.4 billion deficit in 2026/27, the second consecutive fiscal year in the red. While oil prices have since soared, and the final budget picture could look very different, reoccurring deficits have sparked discussions about a potential provincial sales tax to generate … Read more
New national research from Canada Powered by Women (CPW) shows that support for energy development among engaged women has reached its highest point in four years of tracking. Engaged women aren’t just looking for intentions but demanding the decisive action and energy independence required to secure Canadian prosperity, even as confidence in the government’s ability to … Read more
Prime Minister Mark Carney speaks during an event announcing the start of construction on the Contrecoeur terminal expansion at the Port of Montreal in Contrecoeur, Que., Thursday, April 9, 2026. THE CANADIAN PRESS/Graham Hughes In the meantime, critical transportation infrastructure improvement projects need investment decisions that don’t have to slog through the federal approval process … Read more
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for May delivery in Hardisty, Alberta, settled at $17 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.60 on Wednesday. * That marks the steepest differential for heavy Canadian crude … Read more
Imperial Oil says there have been no reported effects to wildlife or open waterbodies from a pipeline leak of crude bitumen in eastern Alberta.
Company spokeswoman Lisa Schmidt says the pipeline leaked a bitumen emulsion — a mixture of the heavy crude…
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./ CALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) — Coelacanth Energy Inc. (the “Company” or “Coelacanth“) (TSX-V: CEI) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Agreement“), co-led by Haywood Securities Inc. and Roth Canada, Inc. (the “Co-Lead Underwriters“), as joint bookrunners (such syndicate … Read more
CALGARY – The Alberta Energy Regulator (AER) has turned over all remaining energy assets for Long Run Exploration Ltd. (Long Run) in Alberta to the Orphan Well Association (OWA) to complete closure work. The company filed for receivership March 5, 2025, and as of April 7, 2026, the receiver filed a limited discharge certificate to confirm it … Read more
Canada’s main stock index fell, while U.S. markets edged up to another record high on Thursday as investors wait for more information about the war in Iran.
“The market, it’s rallied extremely fast and now it’s taking its breath a little, which is ve…
FortisBC says it is working to restore natural gas service to about 6,200 customers in British Columbia’s Lake Country and north Kelowna area.
The utility says in a statement that the “service disruption” could mean that some customers won’t have gas…
RBC and Scotiabank say they’re dropping their 2030 targets for reducing financed emissions as governments pull back on climate action and artificial intelligence drives a surge in energy demand.
In 2022, RBC set goals to reduce funded emissions for t…
‘If we get the regulatory policy framework right … that will put us in a position where we can commit barrels to that pipeline,’ said Jon McKenzie By Chris Varcoe Original: calgaryherald.com/opinion/columnists/varcoe-cenovus-ceo-hopeful-deal-carbon-capture-project Negotiations between Ottawa, Alberta and major oilsands producers on a massive carbon capture project are now two weeks beyond an initial deadline. An … Read more
196% Increase in Total Proved Reserves on a Year-Over-Year Basis and Asset Value Expansion Driven by Beaverdam Development CALGARY, AB, April 16, 2026 /CNW/ – – Westgate Energy Inc. (“Westgate“, the “Company“, “we” or “our“) (TSXV: WGT), is pleased to announce the results of its independent reserves evaluation effective December 31, 2025, as prepared by Sproule ERCE (the … Read more
Summary US expresses optimism on reaching a deal with Iran Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack US crude, fuel stocks fall on strong export demand (Reuters) – Oil prices rose on Thursday, reversing earlier declines as the market questioned whether peace talks between the U.S. and Iran … Read more
Oil futures have surged as high as nearly US$120 a barrel from about US$65 By Robert Tuttle Canadian oil and gas drillers say they are shoring up their balance sheets or boosting payments to shareholders rather than raising output in response to a surge in prices caused by the war in Iran. Alberta oil sands … Read more
Former Lax Kw’alaams councillor Chris Sankey explains how stalled energy projects drain the lifeblood from Indigenous communities and force essential workers to flee the region. By Ian Biana By Resource Works More News and Views From Resource Works Here Chris Sankey remembers the silence that followed the noise. As a former elected councillor for the … Read more
(Reuters) – U.S. President Donald Trump issued several pipeline permits on Wednesday, including one for the construction of a new pipeline, to facilitate the transportation of crude oil and petroleum products between the U.S. and Canada, according to documents released by the White House. The permit authorizing construction was issued to the Bakken Pipeline Company … Read more
Nova Scotia is a province rich in natural resources and its diversity of energy assets. Its electricity distribution system has a total generating capacity of 3,206 Megawatts (MW) and is produced by assets like hydropower stations, windfarms, thermal plants, combustion turbines, biomass facilities, and an impressive network of district energy systems. The province is developing solar projects … Read more
Heidelberg Materials is transforming its limestone quarry in Cadomin, Alberta By Deborah Jaremko The Cadomin Limestone Quarry is located in the foothills of the Rocky Mountains about 350 kilometers west of Edmonton. Photo courtesy Heidelberg Materials Canada If you’ve ever been to an event at Rogers Place in Edmonton, you probably noticed the massive exposed … Read more
Canadian companies using Amazon to pick, pack and ship goods will have to start paying a new surcharge because of rising fuel costs.
The e-commerce giant says the 3.5 per cent surcharge on fulfillment fees will take effect on Friday.
It will only appl…
(Reuters) – European buyers, including Germany’s Uniper, are exploring the possibility of purchasing liquefied natural gas from Canada’s Pacific coast and shipping it through the Panama Canal as part of a long-term strategy to diversify supply, an effort made more urgent in the wake of the Iran war, two sources familiar with the matter said. … Read more
Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term.
It’s too early on in the crisis, triggered in late February when t…
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $16.60 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.50 on Tuesday. The WCS differential has been volatile since the … Read more
(Reuters) – Reports that the White House has requested a ceasefire in the Iran war are wrong, press secretary Karoline Leavitt told reporters on Wednesday but added that discussions about a second round of talks with the Iranians were ongoing and productive. Speaking at a White House press briefing, Leavitt said any fresh talks would … Read more
(Reuters) – Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the U.S. began blocking shipping in and out of the country’s ports on April 13. The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from … Read more
By Salma El Wardany and Eric Martin The US and Iran are considering extending their ceasefire that ends on Tuesday by another two weeks to allow more time to negotiate a peace agreement, according to a person familiar with the matter. Mediators between the warring sides are trying to set up technical talks to resolve … Read more
(Reuters) – The United States and Iran made progress in talks on Tuesday and are moving closer to a framework agreement to end the war, Axios reported on Wednesday, citing two US officials. Reporting by Kanjyik Ghosh in Barcelona;
Alberta’s government is introducing legislation to approve priority projects critical to the province’s economic future faster. If passed, Bill 30, the Expedited 120-Day Approvals Act, will establish a 120-day approval time frame to accelerate major project development, reduce delays and improve Alberta’s position as a competitor for global investment. The legislation sets clear criteria, application requirements, … Read more
Trump’s upbeat assessment of the prospects for diplomacy boosted market sentiment, with stocks steadying on Wednesday By Patrick Sykes, Arsalan Shahla and Weilun Soon U.S. President Donald Trump played down the prospect of renewed fighting in the war with Iran, even as questions remain over Tehran’s nuclear program and access to the Strait of Hormuz. … Read more
(Reuters) – Goldman Sachs on Tuesday flagged both upside and downside risks to its average 2026 crude forecasts for Brent/WTI at $83/78 per barrel, citing growing uncertainty around Middle East developments and oil flows through the Strait of Hormuz. Reduced flows through Hormuz pose the biggest upside risk to Goldman’s price forecasts, with estimated oil … Read more
By Mike Dolan Global investors and the International Monetary Fund seem to agree the Iran war is likely over – bar the shouting. The energy market is less sure, and there could be an awful lot of shouting, but many asset prices have returned to square one, and markets now see the conflict’s impact only … Read more
Elyse Vandermolen is like many residents of Houston — a Texan frustrated by watching the price per gallon tick higher at the gas pump while the oil-producing state she calls home is set for record exports because of the war in Iran.
“It just makes you…
Vancouver, British Columbia–(Newsfile Corp. – April 15, 2026) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased announce that its Board of Directors has approved the declaration of a special dividend to shareholders, as well as provide its financial and operating results for the fourth quarter and year ended December 31, 2025. … Read more
Summary Hormuz strait remains largely shut despite ceasefire U.S. to end waivers on Iranian and Russian oil Official U.S. oil inventory data due Wednesday (Reuters) – Oil prices rose after steep falls in the previous session as shipping through the Strait of Hormuz remained constrained, outweighing expectations of renewed U.S.-Iran talks aimed at ending the … Read more
Canadian oil and gas producers anticipate sharply higher profits in 2026 as prices surge due to the Iran war but will channel those earnings back to shareholders rather than invest in major new capital projects, senior executives said on Tuesday. At an annual conference in Toronto, the executives acknowledged their companies’ financial fortunes have changed … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for May delivery in Hardisty, Alberta, settled at $16.50 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.25 on Monday. * The WCS differential has been volatile since the start … Read more
The head of Scotiabank says conflict in the Middle East could help boost demand for Canada’s energy exports.
Speaking at the bank’s annual meeting, chief executive Scott Thomson says the conflict has served as a reminder of how resources can be used …
There’s been some good momentum toward elevating Canada’s status as a global oil and gas supplier, but the industrial carbon price is eroding its competitive edge, says the head of the Canadian Association of Petroleum Producers. “We’re still talking about an industrial carbon tax when no other producing and exporting nation does that to their … Read more
The formation in BC and Alberta is a giant for gas and liquids By Don MacLachlan By Resource Works More News and Views From Resource Works Here No wonder that our Resource Works founder and CEO, Stewart Muir, called the Montney natural-gas reserves in Canada “British Columbia’s economic crown jewel.” The Montney Formation in BC … Read more
While Prime Minister Mark Carney announced federal measures to give Canadians relief at the pumps Tuesday, Alberta says its fuel tax will stay in place for now.
Alberta Finance Minister Nate Horner says he supports Ottawa’s move but says the province …
Transaction Highlights Approximately 8,300 boe/d of operated production from light oil assets in Alberta’s Cardium fairway High-netback assets generating strong free cash flow with low sustaining capital requirements Deep inventory of high-return, repeatable Cardium drilling locations supported by near-term behind-pipe upside providing a clear runway for production growth Establishes Acerta as a growth-oriented Cardium operator … Read more
Canada’s main stock index rose while U.S. markets rallied to the edge of an all-time high as oil prices eased.
“Overall, these markets are resilient; they’re obviously looking past any of the nervousness,” said Allan Small, senior investment adviser a…
Robust Belly River and Cardium results in Willesden Green, with three additional wells expected on production in mid-April Continued progress on Clearwater waterflood initiatives with the Dawson pilot commissioned and both Nampa and West Dawson injector wells rig released Highest quality oil produced to date in Peace River on the West Dawson and Nampa … Read more
OTTAWA, ON: Canadians will temporarily benefit from lower gas taxes announced by the federal government today and Prime Minister Mark Carney needs to cut spending to make the tax relief permanent. “The Canadian Taxpayers Federation has been pushing for gas tax relief for a long time and the government’s decision to cut taxes at the … Read more
A third Iran-linked tanker was entering the Gulf via the Strait of Hormuz on Tuesday on the first full day of the U.S. blockade on vessels calling at Iranian ports, shipping data showed. U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S. and Iran failed to … Read more
A plurality of investors expect benchmark Brent oil to trade between $80 and $90 a barrel by the end of this year, according to a BofA survey of fund managers published on Tuesday, down from its current level just under $100. Investor sentiment was also at its most bearish in 10 months, but few are … Read more
CALGARY, AB, April 14, 2026 /CNW/ – North Hudson Resource Partners LP and its affiliated funds (“North Hudson”), in partnership with the management team of HWN Energy Ltd. (“HWN”), today announced the acquisition of HWN. Prior to close, a subset of HWN’s southern Cardium-focused assets, including approximately 8,300 Boe per day of production, were spun out on a non-arm’s … Read more
By Valerie Volcovici WASHINGTON, April 13 (Reuters) – Oil prices are likely to hit their peak “in the next few weeks” once ship traffic resumes through the Strait of Hormuz, U.S. Department of Energy Secretary Chris Wright said on Monday. Prices are expected to continue rising until “meaningful” ship traffic resumes through the strait, Wright … Read more
IEA slashes oil demand growth forecast, citing Middle East and Asia-Pacific contraction Strait of Hormuz closure and attacks cause largest oil supply disruption in history, IEA reports IEA warns resuming Hormuz flows is critical; alternative scenario sees deeper supply, demand shocks (Reuters) – The Iran war will force both global oil supply and demand … Read more
Tim Houston met with Danielle Smith and Energy Minister Brian Jean, along with oil and gas executives this week By This Article and More from Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-we-have-the-resources-in-canada-nova-scotia-premier-touts-development-during-pivotal-moment-for-global-oil-and-gas It’s been more than seven years since Nova Scotia stopped producing offshore natural gas and Premier Tim Houston is determined to break the drought. While … Read more
By Tasmin Lockwood Key Takeaways China is on track to more than double U.S. nuclear capacity, reaching nearly 186 GW. The U.S. leads today but ranks second when planned projects are included. Emerging players like India and Uganda are rapidly scaling nuclear capacity from near zero. Based on existing and planned projects, its total capacity … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for May delivery in Hardisty, Alberta, settled at $16.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.55 on Friday. * The WCS differential has been volatile since the start … Read more
Here is a roundup of stories from The Canadian Press designed to bring you up to speed …
Liberals return to Parliament with majority after three byelection wins
Liberal MPs will now have more clout in the House of Commons after three byelection wins g…
Leaders of some of Canada’s biggest oil and gas producers are discussing the state of their industry with investors at a private conference as the war in the Middle East continues to roil commodity markets.
Presentations at the 2026 BMO CAPP Energy S…
Summary US, Iran leave door open for dialogue after tense talks US begins blockade of Iran’s ports IEA cuts global oil supply, demand growth forecasts (Reuters) – Oil prices fell on Tuesday as signs of possible talks to end the U.S.-Israeli war on Iran eased supply fears stemming from the blockade of the Strait of … Read more
A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister Mark Carney has announced that he is temporarily removing the federal excise tax on gas and diesel. The move means that the cost of gas will drop by ten cents on a litre … Read more
By Trevor Hunnicutt and Parisa Hafezi Trump says Iranians want to make a deal US, Pakistani officials says talks continue Iran warns of harsh response to maritime blockade Oil prices jump back over $100 NATO allies refuse to join in WASHINGTON/DUBAI, April 13 (Reuters) – The U.S. military began a blockade of ships leaving Iran’s … Read more
(Reuters) – The head of the International Energy Agency, Fatih Birol, said on Monday he hopes another oil stockpile release is not needed but “we stand ready to act” if the energy shock resulting from the war with Iran requires it. The 32-member IEA agreed last month to release 400 million barrels of oil from … Read more
(Reuters) – OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, citing the impact of the war in the Middle East, the producer group’s monthly oil report showed on its website. Global oil demand is projected to average 105.07 million bpd in the second quarter, … Read more
Canada’s main stock index rose alongside U.S. markets on Monday as oil prices pared gains from earlier in the day, settling just under US$100 per barrel.
“I think it’s still a bit of a relief rally that we have enough of a ceasefire holding in the Mid…
(Reuters) – The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the uneasy “new normal” has likely set the stage for yet another round of conflict. Tehran has now demonstrated … Read more
(Reuters) – The United States’ NATO allies said on Monday they would not get involved in President Donald Trump’s plan to blockade the Strait of Hormuz, further ratcheting up tensions within the increasingly fragile alliance. Trump said the U.S. military would work with other countries to block all maritime traffic in the waterway, after weekend … Read more
Why I’m not overly excited by a Keystone XL pipeline reboot. By Heather Exner-Pirot From the MacDonald-Laurier Institute If energy is Canada’s superpower, complacency is its kryptonite. This reality has been exposed again this past month as it’s become increasingly clear that new pipeline egress will primarily head south to the U.S., not west to … Read more
A full blockade could halt the remaining flows and threaten economies far beyond the Middle East By Weilun Soon and Clara Ferreira Marques U.S. President Donald Trump’s plan for a full naval blockade of the Strait of Hormuz threatens to deepen an already unprecedented crisis in one of the world’s most important energy-producing regions. The … Read more
(Reuters) – The European Union’s member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of the Iran war, EU Commission President Ursula von der Leyen said on Monday. “We’re also looking into … coordination of member states’ gas storage filling to avoid … Read more
Unique opportunity to acquire a leading waste management provider in Western Canada Immediately accretive, increasing Adjusted Free Cash Flow(1) per share by 12% to 15% Highly attractive financial profile, increasing Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow(1) conversion to between 40.5% and 42.5% on a pro forma basis Net Leverage(1) neutral acquisition providing GFL with enhanced … Read more
(Reuters) – Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80 a barrel in 2027. The bank said it expected oil supply chains to take months to normalise even if a … Read more
Summary US says it will block shipping in and out of Iran on Monday Blocking Iran shipments would take a major source of oil offline Iran exported 1.84 million barrels per day of crude in March (Reuters) – The U.S. military said it would block shipping traffic in and out of Iran’s ports starting … Read more
Summary US to start blockading vessels later on Monday from reaching Iranian ports Two Pakistani tankers enter the Gulf on Sunday Malta-flagged tanker makes U-turn at Hormuz (Reuters) – Oil tankers are steering clear of the Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks between the U.S. and … Read more
One question that comes up regularly in boiler applications is whether ASME Section I allows the use of magnetic level gages on power boilers. The short answer is yes. The longer answer — and the reason there is so much confusion around the topic — is that they are only permitted within very specific boundaries. … Read more
Canada’s oil and natural gas sector is a national economic engine, supporting high-quality jobs, critical infrastructure, and long-term community partnerships. From pipelines and processing facilities to liquefied natural gas (LNG), petrochemicals, and emerging opportunities, the sector provides the foundation that enables communities and businesses of all sizes to thrive. Canada is also one of … Read more
By Grady Munro and Jake Fuss Since Prime Minister Mark Carney took office, there’s been much focus on how he’s doing things differently than his predecessor Justin Trudeau. And certainly, the Carney government has reversed a number of Trudeau-era policies during its first year in power. But in managing federal finances, the Carney government is largely taking the same approach … Read more
Summary Iran peace talks yield no agreement Trump vows to blockade Strait of Hormuz Military vessels approaching strait to be viewed as ceasefire breach – Iran’s Guards (Reuters) – Oil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of … Read more
Iran aims to restore majority of refining capability within two months, oil ministry official says Iran expects to restore most damaged refining and distribution facilities to 70–80% of their pre-attack capacity within one to two months, a senior oil official said, as authorities work to recover from a wave of strikes on energy infrastructure. Deputy … Read more
President Donald Trump on Sunday said the U.S. Navy would immediately start blockading the Strait of Hormuz and would also interdict every vessel in international waters that had paid a toll to Iran. Trump made his remarks in a Truth Social post hours after U.S-.Iran peace talks ended without a deal. Trump said the meeting … Read more
Saudi Arabia has restored full oil pumping capacity through the East-West pipelineto about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict. The ministry said energy facilities and the pipeline affected by attacks during the conflict have recovered … Read more
Five things to watch for in the Canadian business world in the coming week:
Energy meeting
The 2026 BMO CAPP Energy Symposium takes place Tuesday and Wednesday in Toronto. Leaders in the upstream oil and gas sector are to share their thoughts on the…
A New YouTube Series is Making Canada’s Energy Past Quick, Compelling, and Impossible to Ignore 3 Minute History Canada launches with fast-paced, three-minute videos that bring pivotal moments to life — from the 1947 Leduc discovery that changed everything, through pipeline battles, the National Energy Program drama, and the global shocks that reshaped Canada and … Read more
Dr Anthony Ciccone explains why nuclear energy is the ultimate micro solution for Arctic infrastructure and remote communities By Ian Biana Anthony Ciccone, Senior Vice President, Global Nuclear Sector at WSP By Resource Works More News and Views From Resource Works Here In the energy sector, there is a recurring fascination with the “places the … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures was unchanged on Friday. WCS for May delivery in Hardisty, Alberta, settled at $15.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, flat on Thursday’s close. * The WCS differential has been volatile since … Read more
Canada’s main stock index rose on Friday, while U.S. markets were mixed amid a shaky ceasefire agreement between the U.S. and Iran.
“The big story really is on the situation in the Middle East that is continuing to remain fluid, and the oil volatili…
By Siddharth Cavale Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s crude exports from western ports has increased Baker Hughes says U.S. rig count down 7% NEW YORK, April 10 (Reuters) – Oil futures … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four 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 three to 545 in … Read more
How a strategic shift in energy policy is positioning the nation as a clean and conventional superpower By Ian Biana ARC Energy Ideas podcast Interview with Tim Hodgson. (Photo credit: ARC Energy Research Institute via LinkedIn) By Resource Works More News and Views From Resource Works Here In a global landscape increasingly defined by geopolitical … Read more
(Reuters) – The majority of ships that have sailed through the Strait of Hormuz in the past day were linked to Iran, ship tracking data showed on Friday, with other vessels putting off making voyages despite a two-week ceasefire agreed this week between Tehran and Washington, according to data and shipping sources. Three tankers – … Read more
Commuters in most Atlantic provinces are finding relief at the pump today after widespread drops in prices set by local utility boards.
But experts say they don’t expect the decreases to continue past a few days amid market uncertainty over the Iran w…
DENVER, April 9, 2026 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced all cash sale of its Anadarko assets, located in Oklahoma, for $3.0 billion. After customary closing adjustments, proceeds from the sale are expected to total approximately $2.85 billion. “The Anadarko sale completes the transformation of our … Read more
(Reuters) – Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of shipping through the Strait of Hormuz, three sources with knowledge of the matter said. A two-week ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for … Read more
Summary Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Hormuz shipping at near standstill as Iran warns ships to keep to its waters Brent and WTI benchmarks down 11-12% this week LONDON, April 10 (Reuters) – Oil prices were poised for their biggest weekly declines since last June despite Friday’s … Read more
Kingsway Instruments is excited to share Fluke’s Made for More Promo valid from Feb 2 – May 1, 2026. Buy Fluke tools and get free gear! Redeem Fluke branded gear or tools when you make a qualifying purchase of only $231.00 or more with Kingsway Instruments, Canada’s Most Trusted Fluke Store! With over 15 products … Read more
High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.
The average wholesale price of diesel remained more than 55 per cent ab…
The spring session of the Nova Scotia legislature did not work out quite as Premier Tim Houston had hoped, according to opposition parties and a political scientist.
The session was marked by weeks of protests over budget cuts, a remarkable reversal o…
By Annika Segelhorst and Elmira Aliakbari Recently, federal Energy Minister Tim Hodgson said Canada should “double down our efforts” to reach net-zero emissions by 2050, nearly eliminating greenhouse gas (GHG) emissions within the next 24 years. Yet just weeks before, he restated the Carney government’s desire for Canada to become “one of the largest suppliers of LNG … Read more
From the oilsands to Bay Street, from B.C. shipping terminals to a New Brunswick refinery, the war in the Middle East has flipped the energy script in this country. And the drama is far from over By Reid Southwick, Chris Varcoe, Barbara Shecter, Meghan Potkins, Derrick Penner Inside Irving Oil Ltd.’s corporate headquarters in New Brunswick, staff at the … Read more
President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. “There are reports that Iran is charging fees to tankers going through the Hormuz Strait,” … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for May delivery in Hardisty, Alberta, settled at $15.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.90 on Wednesday. * The WCS differential has been volatile since the start … Read more
Missed deadlines for contract review delay investment decisions Some firms await contract details before moving forward Meetings with officials yield limited information (Reuters) – Energy companies evaluating whether to invest in Venezuela are waiting for the OPEC nation’s oil ministry to release contract models that will provide specific terms to continue, expand or start businesses … Read more
Canadian and U.S. stock markets moved in opposite directions a day after broad surges over a ceasefire in the Middle East war.
“In general, I think everything has to do with the uncertainty around the war still,” said Philip Petursson, chief investmen…
(Reuters) – Iran will move the management of the strategic Strait of Hormuz into a new phase, its Supreme Leader Ayatollah Mojtaba Khamenei said on Thursday in a statement read out on state TV. “Iran is not seeking war but will not forfeit its rights and considers all resistance fronts as a unified entity,” Khamenei … Read more
Currently, gasoline carries a federal tax of 10 Canadian cents per litre, and an additional 5% goods and services tax By Erik Hertzberg Canadians rank cutting fuel taxes as the No. 1 action Prime Minister Mark Carney should take to offset higher gasoline prices. Nearly 39 per cent of respondents listed a reduction in fuel-related … Read more
(Reuters) – Iran’s Islamic Revolutionary Guard Corps (IRGC) warned ships to keep to a route passing through its territorial waters when crossing the Gulf’s Strait of Hormuz as traffic on Thursday remained well below 10% of normal volumes. Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the … Read more
The huge relief rally across global markets and oil price plunge sparked by the ceasefire in the Iran war are no surprise. What follows, once the initial euphoria dissipates, is far less certain – and far less rosy than investors seem to believe. And the euphoria should dissipate pretty quickly. Leaving aside the very real … Read more
(Reuters) – Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday. Iranian officials have raised the idea of charging a toll for using the Strait after a two-week ceasefire between the United … Read more
(Reuters) – Iran will allow no more than 15 vessels a day to pass through the Strait of Hormuz under the ceasefire agreement it agreed with the United States, Russia’s state TASS news agency quoted an unnamed senior Iranian source as saying on Thursday. The Strait, a strip of water only 34 km (21 miles) … Read more
The U.S. and Iran are set to hold peace talks in Pakistan, which has been mediating, but remain deeply divided on key issues, even though President Donald Trump has said proposals presented by Tehran were a “basis” for talks. Each side is sticking to competing demands for a deal to end the war that could … Read more
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / April 9, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) is pleased to provide its 2026 Budget and results of its 2025 year-end reserves. ROK’s 2026 capital program will focus on development and reserve growth in core … Read more
Summary LNG price surge and supply chain disruption hit poorer Asian buyers hardest, Ydreos says Reliability concerns prompt some Asian countries to reconsider LNG in energy transition plans Gulf producers’ reputations impacted, with Qatar’s supply reliability now under scrutiny (Reuters) – A Middle East ceasefire signals de-escalation, but the conflict has scarred the global LNG … Read more
(Reuters) – Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-week ceasefire. Previously, the bank forecast Brent and West Texas Intermediate (WTI) oil prices to average $99 and $91 a barrel, respectively. “Given … Read more
Summary Iran has made clear passage subject to conditions, ADNOC CEO says Global economic stability depends on unconditional reopening, he says UAE oil output halved after strait’s effective closure, Reuters has reported ADNOC loading oil cargoes, will expand output within constraints of damage suffered (Reuters) – The Strait of Hormuz is shut and Iran must … Read more
Summary Market struggles to price clear path for Hormuz reopening Shipping traffic through Hormuz at virtual standstill despite ceasefire, data shows Strikes across Gulf raise supply threats despite ceasefire (Reuters) – Oil prices rose over 3% on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of … Read more
Canada’s Suncor Energy confirmed on Wednesday that an uncontrolled steam leak occurred from a well at its Firebag oil sands site in northern Alberta last week. A Suncor spokesperson said the well issue is now resolved and production at the site is unaffected. Firebag produces up to 215,000 barrels per day, according to Suncor’s website. … Read more
Newfoundland and Labrador (NL) is a province that largely relies on its abundancy of hydro resources for its electricity. Its electricity distribution system has an estimated total generating capacity of 8,280 megawatts (MW) and its energy is mainly produced by its many hydro assets like Churchill Falls, Muskrat Falls and Bay d’Espoir, followed by other … Read more
FOR IMMEDIATE RELEASE Wednesday, March 25, 2026 Saint John, New Brunswick – The Atlantica Centre for Energy is supporting the newly released report, An Atlantic Canadian Energy Future, developed for the Atlantic Energy Collective, a pan-Atlantic initiative representing more than 30 organizations across utilities, Indigenous partners, industry, labour, research institutions, and national energy policy organizations. The … Read more
Canada is considering Chinese auto-industry investments to reduce dependence on the United States By Albertina Torsoli BYD Co. is opening some 20 sales locations with partners in Canada this year as the country’s government is considering Chinese auto-industry investments to reduce dependence on the United States. “The overture of Canada is a very important one,” … Read more
UK serves as example of self harm resulting from aggressive targets By Nelson Bennett By Resource Works More News and Views From Resource Works Here Five years ago, the Trudeau government, along with about 150 other governments around the world, made a promise it surely knew it could never keep. In less than 30 years, … Read more
Documents show the volume of gas flared at the LNG Canada plant on British Columbia’s north coast between October and January far surpassed what its permit allows.
University of Victoria air quality researcher Laura Minet obtained monthly air emission…
The war that closed the Strait of Hormuz has ended – for now. But Tehran’s demand to act as toll booth keeper at the world’s most critical oil chokepoint could leave energy markets vulnerable and hardwire higher prices for years to come. The U.S. and Iran agreed on Tuesday to a two-week ceasefire brokered by … Read more
* Ceasefire fails to halt Israel-Hezbollah fighting, Israeli strikes kill 254 in Lebanon * US, Iran declare victory but core disputes unresolved, Strait of Hormuz remains restricted * Financial markets rally on truce, oil prices drop 14%, stock markets surge * US and Iran set for talks in Pakistan as the nations dispute nuclear … Read more
Calgary, Alberta–(Newsfile Corp. – April 8, 2026) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three months and year ended December 31, 2025. Selected financial and operating information is outlined below and should be read with Lycos’ audited annual consolidated financial statements, related management’s … Read more
Mayor Lilia Hansen advocates for a unified voice to secure the future of resource-dependent communities By Ian Biana Lilia Hansen, Mayor, City of Port St. John By Resource Works More News and Views From Resource Works Here Lilia Hansen does not just lead Fort St. John; she champions a way of life. As the mayor of … Read more
By Amanda Cooper, Alex Lawler and Ahmad Ghaddar Investors sold 8,600 oil futures lots before US-Iran ceasefire, LSEG data shows Large single trades are rare, typically spread across exchanges to avoid price impact Oil trading volumes and volatility have surged since the war, hitting record highs LONDON, April 8 (Reuters) – Investors placed an approximately … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $14.90 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $16.65 on Tuesday. The WCS differential narrowed on Wednesday after trading … Read more
(Reuters) – Nearly six weeks of war in Iran have ended, for now, with President Donald Trump claiming victory, but the U.S.-Iran ceasefire locks in a harsh reality: an entrenched, radical government with control over the Strait of Hormuz and a powerful lever over global energy markets and Gulf rivals, analysts say. The shockwaves have … Read more
(Reuters) – When the history books of the Iran war are written, Tuesday night into Wednesday morning may well rank among the most anxious hours for the modern Gulf. After U.S. President Donald Trump warned Iranians that “a whole civilization will die tonight”, residents from Kuwait to Abu Dhabi, whether lying sleepless or jolted awake, … Read more
(Reuters) – The United States, Israel and Iran have agreed to a two-week ceasefire, reached with Pakistani mediation, and U.S. and Iranian officials are expected to hold talks on Friday to discuss a long-term settlement. While Tehran and Washington have agreed to talks, Iran’s 10-point proposals – which U.S. President Donald Trump said offered a … Read more
(Reuters) – Remember global imbalances? They’re back. In a fractured world increasingly marked by self-interest and protectionism, the prospects for a coordinated response among the major economic powers to fix them and avert a crisis look remote. The U.S. current account deficit – and the corresponding surpluses of China, oil producers, the euro zone, and … Read more
(Reuters) – The Iranian navy threatened ships attempting to pass through the Strait of Hormuz without Tehran’s permission with destruction, adding that transit through the waterway remained shut, according to several shipping sources. “Any vessel trying to travel into the sea… will be targeted and destroyed…” the message said. Reporting by Ahmad Ghaddar, Renee Maltezou, … Read more
GCC growth forecast cut to 1.3% for 2026 due to lower hydrocarbon revenues Kuwait and Qatar economies expected to contract this year World Bank warns of lingering risks for the region DUBAI, April 8 (Reuters) – The World Bank has slashed its 2026 growth forecast for Middle East economies as a consequence of the war … Read more
The federal Conservatives are calling on Ottawa to return some of the revenue from higher gasolines prices to give Canadians a break at the pumps — but some economists say cutting gas taxes isn’t the only way to deliver relief.
Prime Minister Mark Car…
Canadian heavy oil for June delivery traded at a US$13.55 premium on the U.S. Gulf Coast to the May price in Alberta By Robert Tuttle It is the most lucrative time in more than two years to ship Canadian crude to the U.S. Gulf Coast, thanks to the effective closing of the Strait of Hormuz. … Read more
The Competition Bureau says it has obtained a court order to gather information related to Keyera Corp.’s proposed deal to buy the Canadian natural gas liquids business of U.S. firm Plains.
The watchdog, which opened a review into the potential merger…
The price of crude oil fell sharply on Wednesday after the U.S., Israel and Iran agreed to a ceasefire, but the drop is not being reflected at gas station pumps — yet.
West Texas Intermediate crude is trading nearly 18 per cent lower than it was a da…
Canadian and U.S. stock markets surged as oil prices plunged below US$95 per barrel after U.S. President Donald Trump pulled back from his threat to destroy Iran.
The S&P 500 leaped 2.5 per cent after Trump announced a two-week ceasefire with Iran, …
By Pooja Menon, Joel Jose and Danilo Masoni April 8 (Reuters) – U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100 per barrel after … Read more
By Yi-Chin Lee, Julie Zhu and Alessandro Parodi IATA chief Walsh says months before jet fuel supplies recover Refinery damage may delay jet fuel supply recovery, says Walsh Delta expects $2 bln extra costs from jet fuel in Q2 Airline shares rally on ceasefire and Hormuz reopening hopes TUI assessing how to get stranded cruise … Read more
GATINEAU, QC, April 8, 2026 /CNW/ – The Competition Bureau has obtained a court order to gather information to advance its investigation into Keyera Corp’s (Keyera) proposed acquisition of the Canadian natural gas liquids business of Plains All American Pipeline LP (Plains). Both Keyera and Plains are important midstream oil & gas companies in Canada. They also transport, fractionate, store, … Read more
Iran could open the Strait of Hormuz in a limited and controlled way on Thursday or Friday ahead of a meeting between U.S. and Iranian officials in Pakistan, a senior Iranian official, involved in the talks, told Reuters on Wednesday. “If an understanding on a framework for talks is reached, the strait could be opened … Read more
Summary Iran says it will open up Strait of Hormuz for two weeks if attacks stop Trump says Iran has offered a 10-point peace proposal Uncertainties still create room for geopolitical premium (Reuters) – Oil fell below $100 a barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject … Read more
A ceasefire in the Iran war will deliver badly-needed relief to economies battered by the world’s worst ever energy crisis, but hopes the truce will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced. U.S. President Donald Trump on Tuesday agreed to a two-week ceasefire, conditional on Iran pausing … Read more
A planned two-week ceasefire between the United States and Iran and negotiations to end their conflict may mark the first genuine attempt to de-escalate, but there’s still much to be concerned about the world of pain physical oil markets are in. Crude oil futures responded to the news by plunging, with Brent contracts dropping as … Read more
U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. Trump on Tuesday agreed to a two-week ceasefire with Iran less than two hours before his deadline for Tehran to reopen the strait or face attacks on its civilian infrastructure. Trump said … Read more
Bakken oil traded at the Clearbrook, Minnesota, hub shot up to an US$18 premium By Robert Tuttle and Christopher Charleston The spiderweb of cracks in the global oil market are spreading across the Rocky Mountains and U.S. Great Plains as demand for a shrinking pool of accessible crude escalates. Oil grades from Texas and North … Read more
Energy-hungry companies in Nova Scotia are heading toward the light.
New statistics from the province’s private power utility show that commercial-scale players — which includes municipalities and First Nations — grew their capacity to generate solar …
Oil refiners in the Middle East and Asia have seen diesel output crippled as disruptions cut them off from crude supplies By Robert Tuttle Synthetic Canadian oil prized by refiners for its rich diesel output tripled in a matter of days amid a worldwide clamour to secure supplies of the truck and train fuel. The … Read more
It might be a busy market for mergers and acquisitions in Canada’s oilpatch later this year, provided the geopolitical mayhem eases enough for buyers and sellers to find common ground on price, says a partner at consulting firm Deloitte.
In a report …
By Yogi Schulz Noun: boondoggle; plural noun: boondoggles – work or activity that is wasteful or pointless but gives the appearance of having value. The Oil Sands Alliance Pathways CCUS project, with an estimated capital cost of $20 billion, is a bad deal for everyone involved. Key Highlights: The oil sands giants don’t want to pay for the project because no … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened again on Tuesday as U.S. crude closed at its highest since 2022. WCS for May delivery in Hardisty, Alberta, settled at $16.65 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $16.15 on Monday. … Read more
Oil dived, bonds rallied and stocks surged on Wednesday as a two-week ceasefire in the Middle East was seen as paving the way for a lasting peace and resumption of Gulf oil and gas exports. U.S. President Donald Trump said he agreed to suspend bombing and attacks on Iran for two weeks and that a … Read more
CALGARY, AB, April 7, 2026 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, or the “Company”) (TSX: VET) (NYSE: VET) announces strong first quarter 2026 production, an asset acquisition and award of new land concessions in Germany, and the divestment of a non-producing asset in Croatia. Operations Update Q1 2026 production averaged approximately 125,000 boe/d, exceeding the top end … Read more
The deal comes as nuclear assets gain traction with investors amid a surge in AI infrastructure boosted demand for power By Jeannine Amodeo Royal Bank of Canada is leading a US$1.1 billion loan financing to support the takeover of nuclear services company EnergySolutions LLC by buyout firm Energy Capital Partners LLC. The bank is weighing … Read more
(Reuters) – Bridger Pipeline’s proposed project to transport Canadian crude from the U.S.-Canada border to Wyoming would cost about $2 billion and have the capacity to transport more than 1 million barrels of oil per day, according to new details released by the company. The company first outlined plans in January to the Montana Department … Read more
Canada’s main stock index finished slightly higher after paring losses from earlier in the day, while U.S. markets were mixed amid President Donald Trump’s latest threat against Iran.
Trump said in a social media post that a “whole civilization wil…
If accepted by the BCUC, the plan will guide investments in infrastructure, energy-savings programs and lower carbon gases SURREY, BC, April 7, 2026 /CNW/ – FortisBC Energy Inc. (FortisBC) has submitted its 2026 long-term gas resource plan to the British Columbia Utilities Commission (BCUC). The plan is FortisBC’s investment roadmap to 2050,1 outlining how it will meet customers’ energy needs, while … Read more
(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from a ceasefire to renewed military escalation and their implications for oil, currencies and risky assets. Iran showed no sign of agreeing to Trump’s demand that … Read more
(Reuters) – The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform … Read more
Prime Minister Mark Carney says the federal government is looking at how to support Canadians as oil prices rise amid the ongoing war in the Middle East.
Oil prices have surged since the U.S. and Israel attacked Iran on Feb. 28. The Canadian Automobil…
April 7 – Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. Here’s how different countries are responding: INDIA India will review its fuel exports if needed to ensure availability in the local markets, a government official said. India is assessing fuel-supply requests from its neighbours … Read more
PARIS, April 7 (Reuters) – The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2022 together”, Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro newspaper. “The world has never experienced a disruption to energy … Read more
By Clyde Russell (Reuters) – LAUNCESTON, Australia, April 7 – The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis. It is delusional of any nation to … Read more
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 fee-based adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”) per share. For more information see “Non-GAAP and Other Financial Measures” herein. CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or … Read more
U.S. President Donald Trump once again exhorted Iran to make a deal by his Tuesday deadline, saying a “whole civilization will die tonight” if an agreement is not reached to end the conflict. “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will,” … Read more
Summary Iran faces 8 p.m. Washington deadline to open Strait of Hormuz Trump threatens to order attacks on Iran’s bridges, power plants Iran rejects temporary ceasefire, demands permanent end to conflict WTI premium to Brent widens (Reuters) – Oil prices rose on Tuesday ahead of a deadline set by U.S. President Donald Trump for Iran to open … Read more
By Reuters (Reuters) – Canadian oil and gas company Pembina Pipeline said on Tuesday it expects to deliver 5% to 7% compound annual fee-based adjusted core profit per share growth through 2030, supported by higher utilization of existing assets and contributions from sanctioned new projects. The company said its long-term growth plans include continued investment in … Read more
by Terry Winnitoy Canada, with its sprawling landscapes and abundant natural resources, stands poised to be not only an energy superpower, but as an energy superhero supplier on the global stage. The country’s reserves of oil and gas are among the most substantial in the world, with proven reserves in Alberta’s oil sands and … Read more
In early March, the governments of Canada and Newfoundland and Labrador announced signing of agreements to continue advancing the proposed Bay du Nord offshore oil development project. The agreements signed with partners (Equinor and BP) include life-of-field benefits, royalties and an equity option. What is the Bay du Nord project? The Bay du Nord project is a series … Read more
The Canada Regulator released its bi-annual energy forecasts on March 17, 2026. Canada’s Energy Future 2026: Energy Supply and Demand Projections to 2050 (EF2026) aims to help foster informed conversations about Canada’s energy challenges and trends into the long-term future. In the past, previous versions of the report have been used by the federal government, among others, … Read more
The province had hoped for a $11-billion industry, but projects have stalled or been taken off the books altogether By Gary Kean Original: financialpost.com/newfoundland-labrador/nl-two-hydrogen-projects/wcm/bb0dbc46-9140-4e61-9537-938ee90ac3ac The $11 billion-a-year promise of a Newfoundland and Labrador wind-to-hydrogen industry has scaled back, with only two projects still alive five years after a feasibility study touted huge potential. The North … Read more
By Kenneth P. Green A recent announcement by Canadian Natural Resources Limited (CNRL), one of the world’s largest oil and natural gas producers, regarding its decision to hold back an $8.5 billion investment in a mine expansion in northern Alberta, shows once again how regulatory uncertainty can deter investors. Specifically, CNRL plans to hold back investing in its Jackpine … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for May delivery in Hardisty, Alberta, settled at $16.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.60 on Thursday. Markets were closed on Friday for the Good … Read more
By Simon Jessop, Valerie Volcovici and Supantha Mukherjee Water, power usage, pollution, land driving protests Trillium Asset Management seeks detail on Alphabet’s climate strategy Investors flag water risk as emerging threat LONDON, April 6 (Reuters) – Amazon, Microsoft and Alphabet’s Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now … Read more
By Aref Mohammed Iraq has had to reduce oil production by around 80% Storage has filled up as Strait of Hormuz closure prevented exports Iraq produces more oil than it exports, giving it scope to increase exports even if some capacity damaged BASRA, Iraq, April 6 – Iraq could restore crude oil exports to around … Read more
By Eduardo Garcia Pockets of carbon capture projects are emerging in U.S. and Europe as developers capitalize on surging power demand and public funding initiatives but costs remain too high for the sector to boom. March 30 – Google’s recent deal to purchase electricity from a planned 400 MW natural gas plant with carbon capture … Read more
In industrial fluid handling systems, especially across oil and gas and heavy industrial applications in Canada, visibility into process conditions is critical. Whether during commissioning, routine operation, or troubleshooting, operators need confidence that systems are performing as expected. However, many skid-mounted systems rely heavily on instrumentation alone, leaving a gap when it comes to quick, … Read more
(Reuters) – U.S. President Donald Trump on Monday told reporters that Iran could be taken out in one night, “and that night might be tomorrow night”, warning Tehran it had to make a deal by Tuesday night or face the consequences. Trump had earlier vowed to enforce a Tuesday night deadline for Iran to agree … Read more
Stock markets in Canada and the U.S. finished in positive territory on Monday after struggling to find direction through the day.
Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, said markets had a “mild risk-on tone” duri…
By Liz Lee and Claire Fu Xi urges safeguards for China’s energy security The Party Central Committee has advanced the new energy security strategy in depth, says Xi China must stay committed to low-carbon development, he adds BEIJING, April 6 (Reuters) – Chinese President Xi Jinping has called for accelerated planning and construction of a … Read more
By Dylan Griffiths and Carlos Caminada Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, five weeks into the Iran war. US President Donald Trump threatened to bring “Hell” to Iran with strikes on power plants and other infrastructure if the Strait of Hormuz … Read more
Tankers hugged their home country’s coastline, indicating a different route to a northerly path through Iranian waters By Prejula Prem, Weilun Soon, Julian Lee and Alex Longley Three tankers broadcasting Omani ownership appear to have navigated the Strait of Hormuz by hugging their home country’s coastline, indicating a different route to a northerly path through … Read more
By Marianna Parraga April 6 (Reuters) – A unit of India’s refiner Reliance Industries has begun loading a 2-million-barrel cargo of Venezuelan heavy crude directly bought from state-run energy company PDVSA, according to a company document and shipping data on Monday. Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture … Read more
Bloomberg News Market Snapshot S&P 500 futures 6,650.75 +0.4% Nikkei 225 53,413.68 +0.5% Bitcoin $69,862.54 +3.3% Spot gold $4,703.78 +0.6% Bloomberg Dollar Spot Index 1,213.34 -0.2% Market data as of 05:34 AM ET. Data is subject to provider delays. Five things you need to know Saudi Arabia raised the price of its main oil grade to … Read more
Trump on Sunday issued an expletive-laced threat to destroy Iran’s power plants and blow up ‘everything over there’Bloomberg News President Trump during a primetime address to the nation at the White House on April 1.Photographer: Alex Brandon/AP Photo/Bloomberg US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to … Read more
Cambridge Professor Helen Thompson warns that energy disruption triggered by the US-Israel attack on Iran is exposing deep vulnerabilities. The US-Israel war with Iran is emerging as more than a humanitarian crisis, one that’s left thousands of civilians dead and millions displaced. On this week’s Merryn Talks Money, Cambridge University professor Helen Thompson argues that the … Read more
Summary Strait of Hormuz closure disrupts Middle East oil exports, refiners seek alternatives Trump threatens further action if Strait remains closed Iran allows passage for select vessels OPEC+ agrees modest output rise, war limits actual increases Russian supply also disrupted (Reuters) – Oil prices fell in choppy trade on Monday, as investors awaited clarity on … Read more
Summary OPEC+ eight members to raise quotas by 206,000 bpd for May US-Iran war largely shuts oil traffic via Strait of Hormuz War leads to worst ever oil supply disruption Tanker loaded with Iraqi crude passes through Hormuz, data shows OPEC+ concerned about attacks on energy assets (Reuters) – OPEC+ agreed on Sunday to raise … Read more
By Grady Munro and Jake Fuss April 1 marked the beginning of the 2026/27 fiscal year. In the months leading up to this date, all but two (Prince Edward Island and Newfoundland and Labrador) provincial governments released their 2026 budgets, which inform residents of the fiscal plan for the coming year. Yet despite promising greater transparency, … Read more
Concerts, Events, VIP perks, and unforgettable meals—scroll to see everything we’ve wrangled. Event Bookings Whether it’s a corporate celebration, birthday party, bachelor or bachelorette, we’ll show you a good time! Book one of our event packages at Wildhorse Saloon or National Saloon, and our dedicated event planners will work with you and your budget to … Read more
Discover the Future of Energy! Grande Prairie AB | May 13-14, 2026 2026 Exhibitor Registration Now Open! Join the most influential energy professionals in the region and explore the latest trends, technologies, and opportunities in the industry. Exhibitor Registration Here Be Part of the Largest Energy Event in the Region! The Peace Region Energy Show … Read more
Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip on the world’s most vital oil artery provides the only real leverage it has over the United States, according to three sources familiar with the matter. The finding suggests that Tehran could continue … Read more
Natural gas isn’t a footnote in British Columbia’s future — it’s foundational to it By Stewart Muir By Resource Works More News and Views From Resource Works Here BCF. Three letters that carry more weight than most people realize. In the energy industry, BCF means billion cubic feet — the standard unit for measuring natural … Read more
The last time that Irving received a cargo of crude oil produced off the shore of Newfoundland was in July, 2020 By Robert Tuttle Canada’s biggest refinery is turning to Newfoundland for crude for the first time since 2020 as the war on Iran cuts off Middle Eastern supplies. Irving Oil Ltd. was granted permission … Read more
The dramatic upswing in energy prices is a shock but the global economy should be able to manage through current levels, said BMO experts Wednesday.
Chief economist Doug Porter said Canada has just seen the largest monthly gasoline price hike on recor…
Summary Iran has said it would allow ships with no US or Israeli links Vessels appear to turn of identification systems during crossing Dozens of Japanese-owned ships remain stranded, according to transport ministry data (Reuters) – Three Omani-operated tankers, a French-owned container ship and a Japanese-owned gas carrier have crossed the Strait of Hormuz since … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for May delivery in Hardisty, Alberta, settled at $14.60 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $13 on Wednesday. * The war in Iran has disrupted global supply of … Read more
The Conservative Party of Canada is calling on Ottawa to drop the federal tax on gas and diesel fuel for the rest of the year.
Conservative Leader Pierre Poilievre said Thursday that lifting the Fuel Excise Tax, Clean Fuel Standard and GST surcharges …
Quebec’s energy board has launched a website tracking gasoline prices in real time at stations across the province.
With gas prices soaring because of the Iran war, users can now compare prices at the pump with the interactive map.
A law that entered …
By Haslinda Amin and Soo-hyang Choi Canada’s top trade official plugged his nation as a stable and reliable energy supplier amid the latest jump in oil prices as President Donald Trump said military operations against Iran could escalate, potentially prolonging disruptions to oil flows through the vital Strait of Hormuz. “Here in Seoul the conversation … Read more
Ontario premier said he’d oppose the deal unless the automakers are buying local parts By Joe Lovinger Ontario Premier Doug Ford said he’d oppose any deal between Stellantis NV to build electric vehicles with China’s Zhejiang Leapmotor Technology Co. in his province unless the automakers are buying local parts. Ford assailed the potential use of … Read more
April 2 (Reuters) – Oil prices could spike to $120-$130 per barrel in the near term, with a risk of surging above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, J.P. Morgan said in a note on Thursday. J.P. Morgan’s base-case assumption is that the disruption to the strait will … Read more
LONDON/NEW YORK, April 2 (Reuters) – European energy majors TotalEnergies (TTEF.PA) and Shell (SHEL.L) are among companies eyeing a majority stake in one of the U.S. Gulf’s most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict. London-listed BP is … Read more
By Arathy Somasekhar WTI soars to nearly $114/bbl, highest since March 9 Trump speech did not clarify when Hormuz might reopen WTI heads for biggest daily absolute price rise since 2020 HOUSTON, April 2 (Reuters) – U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile trading, as … Read more
Knockdown kits involve building most of the vehicle in China and then shipping the components overseas for assembly By Brian Platt Canadian Industry Minister Melanie Joly ruled out the use of knockdown kits if Stellantis NV wants to proceed with Chinese electric vehicle production at its idled Ontario factory, and said the plan must be … Read more
Canada’s main stock index finished in positive territory on Thursday, while U.S. markets overcame some early losses to post mixed results and oil prices rose.
The unsettled trading followed a national address late Wednesday from U.S. President Donald …
(Reuters) – U.S. energy firms this week added to the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said on Thursday. The oil and gas rig count, an early indicator of future output, rose by five to 548 in the week to April … Read more
(Reuters) – Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday. The U.S. Federal Maritime Commission said last week that it was closely monitoring a surge in detentions … Read more
(Reuters) – BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company’s ongoing portfolio review and strategy development. Howle, who served as interim chief executive before Meg O’Neill started the top job on Wednesday, will also return to her former role as head of supply, trading and shipping. … Read more
By Sing Yee Ong and Weilun Soon A liquefied natural gas tanker has entered the Strait of Hormuz, and if it successfully navigates the waterway would become the first such vessel to pass through the strait since the start of the war. The Sohar LNG tanker, which appears not to be loaded with cargo, is … Read more
British Columbia’s emergence as a global energy powerhouse proves that collaboration between industry and First Nations creates lasting economic success By Ian Biana Adrian Dix Hon. Adrian Dix, Minister of Energy and Climate Solutions By Resource Works More News and Views From Resource Works Here The evolution of British Columbia’s energy sector is more than just a … Read more
U.S. President Donald Trump told the nation in a televised speech on Wednesday night that the U.S. military had nearly completed the goals it had set out to accomplish in its war with Iran and that the conflict would soon be ending. He added that the U.S. would continue to hit targets in the Islamic … Read more
Summary US will not be involved in talks Vital oil route effectively shut as Iran war rages Countries seek ways to reopen waterway after ceasefire (Reuters) – Britain will host talks on Thursday aimed at forming a coalition of countries to explore ways to reopen the Strait of Hormuz after U.S. President Donald Trump said securing the … Read more
(Reuters) – OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more barrels should the Strait of Hormuz – the world’s most important oil route, currently shut by the U.S.-Israeli war with Iran – reopen. … Read more
Summary Brent, WTI set for biggest absolute, percentage jumps in 3 weeks Trump speech did not clarify when Hormuz might reopen (Reuters) – Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply. Brent crude futures were up $7.65, … Read more
Reuters Venezuela’s monthly oil exports surpassed 1 million barrels per day in March for the first time since September, with sales to refiners in India and shipments by trading houses to the Caribbean for storage pushing up volumes, according to ship-tracking data. The OPEC country’s oil sales have been rising since Caracas and Washington in … Read more
By Grady Munro and Jake Fuss In the coming weeks, the Carney government is expected to update Canadians on the state of federal finances. During the election last April, in an attempt to distance itself from the Trudeau government, the Carney campaign promised a “very different approach” to federal finances to improve Canada’s economy. Based on the … Read more
CEO Rich Kruger says the proposed projects could dramatically boost production, enough to replace its Base Plant mine and more By Reid Southwick Original: financialpost.com/commodities/energy/suncor-reveals-proposed-oilsands-expansions Suncor Energy Inc., one of Canada’s largest oil companies, is under pressure to resolve a challenge that’s been decades in the making. Its Base Plant in the oilsands — which … Read more
‘Canada isn’t losing investment; we’re regulating it away’ By This Story and More by Meghan Potkins Here Ottawa’s new system for fast-tracking select major projects creates a two-tier path for approvals that still leaves Canada at a competitive disadvantage for investment, according to a new report released by the Business Council of Alberta. The report, … Read more
By Julio Mejía and Tegan Hill Iran’s blocking of the Strait of Hormuz, a vital energy corridor, is intensifying oil and gas price volatility driven by the ongoing war, underscoring the world’s need for stable reliable suppliers. While Canada has an opportunity to leverage its abundant resources for the benefit of Canadians and others around the world, … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $13 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $10.80 on Tuesday. * The war in Iran has disrupted global supply of … Read more
President Donald Trump staunchly defended his handling of the month-old, U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age. He delivered his 19-minute speech against a backdrop of high … Read more
(Reuters) – China will at one point have to engage more directly on how to restore oil traffic flows in the Strait of Hormuz because the number of vessels it has going through is probably insufficient, France’s navy chief said on Wednesday. “We have not seen China’s navy step in to reopen the strait. On … Read more
Canadian and U.S. stock markets gained on Wednesday as hopes continued to build for an end to the war in the Middle East.
However, some of the signals investors saw as hopeful are already under dispute, and several earlier bouts of optimism in financ…
(Reuters) – The United States will be “out of Iran pretty quickly” and could return for “spot hits” if needed, President Donald Trump told Reuters on Wednesday, hours before he was scheduled to make a primetime address to the nation. Trump also said he would express his disgust with NATO for what he considers the … Read more
(Reuters) – Iran’s new leader has just asked the United States for a ceasefire, U.S. President Donald Trump said in a Truth Social post on Wednesday. “We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion,” he said. Reporting by Susan Heavey, writing by David Ljunggren, … Read more
Foreign Affairs Minister Anita Anand will join multi-nation talks hosted by the U.K. on Thursday on finding diplomatic options to reopen the Strait of Hormuz trade corridor.
Anand says all countries involved should know Canada will not hesitate to hel…
LNG offers Canada a ‘second-wave’ opportunity By Don MacLachlan LNG Canada’s plant at Kitimat BC By Resource Works More News and Views From Resource Works Here Soaring prices and a shortage of LNG due to the Iran war sparked a flurry of hopes that Canada could provide more to countries running short. LNG Canada reports … Read more
Despite remarks that Trump wants to repatriate automakers, Hoekstra said Canada was not a top concern for U.S. officials By Thomas Seal The United States won’t allow Chinese electric cars from Canada to enter its market, President Donald Trump’s ambassador in Ottawa said, after a January deal in which Prime Minister Mark Carney lowered tariffs … Read more
CALGARY, Alberta, March 31, 2026 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the fourth quarter and year ended December 31, 2025, along with its year-end reserves. Prairie Provident’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the year ended … Read more
Calgary, Alberta–(Newsfile Corp. – March 31, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to announce that the February Operational Update to Shareholders has been posted to the Company’s website and can be accessed via the following link: February Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK, PLEASE CONTACT: Kevin … Read more
Summary Iran threatens to target major US companies in retaliation for attacks Oil prices surge after tanker attack in Gulf(Reuters) – U.S. Defense Secretary Pete Hegseth said on Tuesday the next few days in the war against Iran would be decisive and warned Tehran that the conflict would intensify if it did not make a … Read more
Summary US-Israeli campaign against Iran could end within two to three weeks, Trump says Uncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey finds Saudi Arabia may raise OSPs to Asia, Reuters survey (Reuters) – Oil reversed earlier gains on Wednesday as uncertainty over the situation in the … Read more
New mining opportunities are opening up in the rush to secure resources critical for military and electronic needs By Robert Tuttle Norfthwest Territories’ Premier R.J. Simpson said he could eventually see ice breakers allowing exports of liquefied natural gas to Asian markets. Photo by Bryan Passifiume/Toronto Sun Canada’s sudden focus on the Arctic’s security and … Read more
(Reuters) – The last time the world faced a sudden surge in inflationary pressures from a severe supply shock and spiking energy prices, in 2021-22, major central banks responded in unison. That’s unlikely to happen this time around. Five years ago, pandemic-related supply disruptions kicked off a unified – if belated – interest rate-hiking cycle … Read more
The Canadian Taxpayers Federation testified in Parliament’s environment committee on March 24. Taxfighters like you have told us you want all carbon taxes scrapped. We took your message right to the politicians. And some of those politicians didn’t like it because the truth hurts. You know Prime Minister Mark Carney didn’t end all carbon taxes. … Read more
By Katarzyna (Kasha) Piquette Attending the Canada Powered by Women “Powering Prosperity” Summit in Calgary on March 31 made one thing unmistakably clear, the world is moving, and it will not wait for Canada. This was not just another conference. It was a gathering of leaders willing to confront the hard questions, through policy cards, … Read more
Ottawa’s Major Projects Office silent on progress By Don MacLachlan Prime Minister Mark Carney and Dawn Farrell, CEO of the Major Projects Office (Photo by David Bloom/Postmedia) By Resource Works More News and Views From Resource Works Here As billed by Prime Minister Mark Carney, the Major Projects Office (MPO) was set up last summer … Read more
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