5 - 2026 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

PERSPECTIVE: “No Pathways, No Pipeline” Makes No Sense says Friends of Science Society Citing Global Energy Shortfall and No Climate Emergency

June 1, 2026May 31, 2026 by EnergyNow Media

CALGARY, AB, May 28, 2026 /PRNewswire/ — Prime Minister Mark Carney’s stance of “No Pathways, no pipeline” as reported by CTV News on May 25, 2026, makes no sense in a world facing an extreme energy shortfall, says Friends of Science Society, in response to the recently signed Implementation Agreement between Canada and Alberta. Friends of Science … Read more

Indigenous Consultation & Engagement Atlantic 2026

Energy Storage Canada Conference 2026 - ESCCON26

South Bow Targets 2027 Decision on Canada-US Oil Pipeline Revival

May 30, 2026May 30, 2026 by EnergyNow Media

(Reuters) – Canada’s South Bow will decide whether to proceed with its proposed partial revival of the Keystone XL oil pipeline by mid-2027, the company said on Friday, as it announced it has secured the shipper commitments it was seeking to advance the project. The proposed 550,000-barrel-per-day Alberta-to-Wyoming pipeline, dubbed Prairie Connector, could increase Canada’s … Read more

Devon Energy Gets $8 Billion Offer for Marcellus Position, Sources Say

May 29, 2026 by EnergyNow Media

By David French and Shariq Khan Stone Ridge offers around $8 billion for Devon’s Marcellus shale position, sources say The Stone Ridge offer would be supported by largest ever ABS financing in US oil and gas, sources say Devon reviewing its business post-Coterra merger, prioritizing shareholder value and capital allocation Unclear whether Stone Ridge offer … Read more

IMF, World Bank, Others Warn Middle East War is Straining Energy Supplies

May 29, 2026 by EnergyNow Media

May 29 (Reuters) – The heads of the International Energy Agency, International Monetary Fund, World Bank and World Trade Organization warned ‌on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest. The U.S.-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over … Read more

Westgate Energy Announces Q1 2026 Financial Results

May 29, 2026 by EnergyNow Media

CALGARY, AB, May 29, 2026 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2026. The selected financial and operating information provided below should be read in conjunction with Westgate’s unaudited consolidated financial statements and … Read more

Oil Falls on Hopes for US-Iran Ceasefire Agreement

May 29, 2026 by EnergyNow Media

By Erwin Seba Brent and WTI register steepest weekly losses since April US-Iran ceasefire deal not finalised US crude, gasoline and distillate stockpiles fell last week -EIA HOUSTON, May 29 (Reuters) – Oil futures fell more than 2% on Friday, closing out their steepest weekly decline since early April as traders awaited word that the … Read more

Tech Stocks Send TSX Higher, U.S. Markets also Up Amid Hopes of U.S.-Iran Deal

May 29, 2026May 29, 2026 by The Canadian Press

Canada’s main stock index gained ground while U.S. markets continued to push into record territory as the U.S. and Iran were reportedly working toward a deal to extend a ceasefire.
“We’re still rallying on the increasing likelihood that the conflict …

US Drillers Add Oil, Natural Gas Rigs for Sixth Straight Week, Baker Hughes Says

May 29, 2026 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth straight week, for the first time since May 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four to 562 … Read more

Political Understanding Between Iran and US Not Yet Finalised, Iranian Source Says

May 29, 2026 by EnergyNow Media

(Reuters) – A political understanding has been reached between Iran and the United States over the Iran war, but it has not yet been finalised, a senior Iranian source told Reuters on Friday. The source said U.S. Donald Trump’s claim that uranium would be unearthed by the U.S. was not true, adding that the possible … Read more

Trans Mountain Reports Q1 2026 Results

May 29, 2026 by EnergyNow Media

All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta–(Newsfile Corp. – May 29, 2026) – Trans Mountain Corporation (“Trans Mountain” or TMC” or “the Company”) today announced its financial and operating results for the first quarter of 2026. “Trans Mountain continues to play an important role in moving Canadian crude oil to … Read more

COMMENTARY: Canada’s New Electric Power Strategy – Some Good Ideas, Some Not So Good – Fraser Institute

May 30, 2026May 29, 2026 by EnergyNow Media

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By Kenneth P. Green Earlier this month, the federal government rolled out Powering Canada Strong: A National Strategy for an Electrified Canadian Economy (a.k.a. “Powering Canada”), a grand strategy for Canada’s power systems. The new strategy, to be positive, has a lot of—conceptually—good things in it. The basic premise of the plan is that, in the future, Canada … Read more

Gas Prices Fall on Middle East Optimism but No One Sure if Relief Will Last

May 29, 2026May 29, 2026 by The Canadian Press

Experts say it’s anyone’s guess whether the relief Canadians have been feeling at the pumps over the past week will last into June.
Data from energy analytics website GasBuddy shows the cost of fuelling up has been dropping for the last 10 days to abo…

Norway Presses EU to Drop Ban on Arctic Drilling of Oil and Gas

May 29, 2026 by EnergyNow Media

By Heidi Taksdal Skjeseth Norway is putting pressure on the European Union to remove a moratorium on new oil and gas drilling in the Arctic where almost two thirds of its petroleum resources lie. Norwegian politicians, civil servants, and environmental and industry lobbyists are increasingly visiting Brussels to influence EU institutions as the bloc gears … Read more

Ships Attacked in Strait of Hormuz This Week, Chevron CEO Says

May 29, 2026 by EnergyNow Media

By Kevin Crowley, Annmarie Hordern, and Jonathan Ferro Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer Mike Wirth said. “There still has been … Read more

Taxpayers: Nixon Should Cut Alberta Gas Tax Now

May 29, 2026 by EnergyNow Media

LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on new Finance Minister Jason Nixon to cut Alberta’s fuel tax immediately. “Nixon has a chance to start things off right with taxpayers and saving them about $15 every time they fill up at the gas pump would be a great first step,” said Kris Sims, CTF Alberta … Read more

How Far Have the U.S. and Iran Got Towards Ending the Iran War?

May 29, 2026 by EnergyNow Media

The United States and Iran have reached an agreement to extend a ceasefire, allow shipping through the Strait of Hormuz and lift a U.S. blockade and some sanctions on Iran, sources told Reuters, but the deal has not been finalised. An agreement would represent a big step towards ending a war that has … Read more

Fiddlehead Resources Corp. announces Q1 2026 financial results

May 29, 2026 by EnergyNow Media

fiddlehead resources corp fiddlehead announces transformational

CALGARY, AB, May 29, 2026 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead,” or the “Company”) (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Fiddlehead’s unaudited interim financial statements and related management’s discussion … Read more

South Bow Announces Successful Open Season

May 29, 2026 by EnergyNow Media

CALGARY, Alberta, May 29, 2026 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces the successful outcome of its open season, which closed on March 30, 2026, securing 20-year binding commitments for firm transportation service from Hardisty, Alta., to U.S. delivery points. South Bow will continue advancing its … Read more

GROW LNG OR LOSE OPPORTUNITY: Canadian Energy Leaders Urge Growth of LNG, or ‘We are Going to Lose this Generational Opportunity’ – VARCOE

May 30, 2026May 29, 2026 by EnergyNow Media

‘We have a lot of advantages, but we also have a window of opportunity. If we don’t capture this in the next three to five years, others will fill that gap,’ Pembina Pipeline Corp. CEO Scott Burrows said Chris Varcoe Handout photo of liquefaction module, arriving at Squamish Woodfibre LNG site in Squamish, … Read more

Analysts Hike Oil Forecasts Again as Energy Flows Face Slow Recovery

May 29, 2026 by EnergyNow Media

Summary Brent projected to average $90.44 per barrel in 2026 WTI projected to average $84.63 per barrel in 2026 (Reuters) – Analysts have increased their 2026 oil price forecasts for the third time since the Iran war began at the end of February, as they cite a months-long timeline for energy flows to normalise to … Read more

Oil Prices Fall as Market Awaits Possible US-Iran Ceasefire Deal

May 29, 2026 by EnergyNow Media

Summary Brent and WTI register steepest weekly losses since April U.S.-Iran ceasefire deal not finalised U.S. crude, gasoline and distillate stockpiles fell last week, EIA reports (Reuters) – Oil futures fell nearly 2% on Friday and were on track for their steepest weekly decline since early April ‌after reports that the U.S. and Iran had reached agreement … Read more

First Chinese-Made EVs Arrive in Canada Under Deal Carney Struck With Xi

May 29, 2026 by EnergyNow Media

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U.S. lawmakers push for ban on ‘Chinese-connected’ vehicles crossing the border — even on day trips Bloomberg News Chinese-made electric vehicles are beginning to arrive in Canada under a new arrangement that Prime Minister Mark Carney agreed to in January during a visit with China’s President Xi Jinping. The cars will be the first to be imported … Read more

Mitsui Seeks LNG Investments to Meet Power Demand From Data Centers, Bloomberg News Reports

May 29, 2026 by EnergyNow Media

Japanese trading house Mitsui is looking to invest in LNG projects across the Middle East, the U.S. and Australia to meet rising power demand from data centers, Bloomberg News reported on Thursday, citing its CEO Kenichi Hori. The company will consider taking equity stakes or securing supply agreements in LNG and gas chemicals firms, Hori … Read more

SECURE Announces Receipt of Final Order for GFL Transaction

May 29, 2026 by EnergyNow Media

Final order for the Transaction granted by the Court of King’s Bench of Alberta CALGARY, AB, May 28, 2026 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) (TSX: SES) is pleased to announce that the Court of King’s Bench of Alberta has granted the final order in respect of the previously announced plan of … Read more

ALL IN COST: Alberta’s Proposed Pipeline to B.C. Will Cost Energy Sector $100 Billion: Imperial CEO

May 30, 2026May 29, 2026 by EnergyNow Media

‘Now I think we can do that, but that’s kind of scale of what we’re talking about,’ said John Whelan By Robert Tuttle Alberta’s proposed million-barrel-a-day pipeline to the British Columbia coast will require Canada’s oil industry to invest more than $100 billion, the chief executive of Imperial Oil Ltd. says. Industry will need to … Read more

SEE IT HERE: Action Plan Released for Future of New Brunswick Power

May 29, 2026May 29, 2026 by EnergyNow Media

On May 25, 2026, the Government of New Brunswick released a comprehensive action plan in response to recommendations made through the independent review of NB Power. The Government will act on all 50 of the review recommendations; 44 recommendations were accepted, while six require further analysis. The Atlantica Centre for Energy provided a summary of the Report … Read more

NEW EPISODE – 3 MINUTE HISTORY CANADA – WATCH: When a Pipeline Debate Flipped Canadian Politics: The 1956 Great Pipeline Debate

May 30, 2026May 29, 2026 by EnergyNow Media

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3 Minute History Canada keeps delivering the drama. This week’s episode explodes into the 1956 Great Pipeline Debate — one of the wildest parliamentary brawls in Canadian history. C.D. Howe rammed the TransCanada natural gas bill through on “Black Friday,” sparking shouting matches, scuffles, an MP’s fatal heart attack, and a teenage protester’s fall that … Read more

VARCOE: SECOND TIME AROUND – Alberta’s New Finance Minister Won’t Open Spending Floodgates Amid Higher Oil Prices

May 29, 2026May 28, 2026 by EnergyNow Media

‘I find myself now in the spot where there’s potentially some extra money coming into the system but it’s likely temporary, just like it was at that time,’ said Jason Nixon By This Article and More by Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-alberta-finance-minister-jason-nixon-wont-open-snding-floodgates-higher-oil-prices When Jason Nixon was first appointed Alberta’s finance minister in June of 2022, … Read more

U.S. Strikes Iran Targets Near Hormuz With No Accord in Sight

May 28, 2026 by EnergyNow Media

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U.S. forces shot down four Iranian drones fired at a commercial ship By Jennifer A. Dlouhy and Courtney McBride The U.S. struck Iranian military targets for the second time this week and Kuwait said it responded to missile and drone threats, highlighting the fragility of the ceasefire and the challenge of forging a peace accord … Read more

TotalEnergies Made Middle East Oil Mega-Trades After Noticing US Navy Buildup in Gulf in February, CEO Says

May 28, 2026 by EnergyNow Media

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(Reuters) – French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its traders noticed the U.S. Navy amassing ships near the Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday. “Our oil traders — and it’s their job — … Read more

US and Iran Reach Deal But Need Trump’s Final Approval, Axios Reports

May 28, 2026 by EnergyNow Media

(Reuters) – The U.S. and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran’s nuclear program, but President Donald Trump still needs to give final approval, Axios reported on Thursday, citing two U.S. officials. Reporting by Katharine Jackson and Daphne Psaledakis

ROK Resources Files Financial Results and Management Discussion & Analysis for First Quarter of 2026

May 28, 2026 by EnergyNow Media

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / May 28, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) announces the Company has filed the Financial Results and Management Discussion & Analysis for the three months ended March 31st, 2026. Q1 2026 Financial and Operating Highlights … Read more

Natural Gas Spending to Hit 10-Year High in 2026 as Oil Investment Falls, IEA Says

May 28, 2026 by EnergyNow Media

(Reuters) – Global investment in natural gas projects is set to rise by more than 10% this year to $330 billion, its highest level in 10 years, while upstream oil ‌spending declines for a third straight year, the International Energy Agency said in a report. As global energy markets remain disrupted by the Iran war, … Read more

Coelacanth Announces Q1 2026 Financial and Operating Results

May 28, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 28, 2026) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2026. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 742% to 6,406 boe/d in Q1 2026 … Read more

Rockpoint Reports Year-End and Fourth Fiscal Quarter 2026 Results and Increases Quarterly Dividend

May 28, 2026 by EnergyNow Media

rockpoint gas storage inc rockpoint reports record third fiscal

CALGARY, AB, May 28, 2026 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint”, or the “Company”) (TSX: RGSI) today announced its results for the fourth fiscal quarter and year ended March 31, 2026. All financial figures are presented in United States dollars (“USD”), unless otherwise noted. “Fiscal 2026 was another milestone year for Rockpoint where the Company continued … Read more

Oil Rises After Iran and US Trade Airstrikes

May 28, 2026 by EnergyNow Media

Summary US crude stockpiles fall for sixth week, API data shows Iran’s Revolutionary Guards strike US airbase after US attack in Bandar Abbas Two supertankers exit Strait, heading to India and China (Reuters) – Oil ‌prices jumped more than 2% on Thursday after Iran’s Revolutionary Guards said they had targeted a U.S. airbase in response to an … Read more

MORE DEALS ON THE WAY: Canada’s Proposed Ksi Lisims LNG Facility in Talks to Supply ‘Several’ European Utilities, Western LNG CEO Says

May 28, 2026May 28, 2026 by EnergyNow Media

Canada’s proposed Ksi Lisims LNG export facility is in talks with several European utilities interested in purchasing liquefied natural gas from the West Coast of Canada, the CEO of Houston-based Western LNG, the lead proponent of the project, said in an interview on Wednesday. Davis Thames said Ksi Lisims expects to be able to announce … Read more

THE SHUFFLE: N.S. Premier Tim Houston Adds Four New Ministers in Cabinet Shuffle Including Replacing Himself as Energy Minister

May 28, 2026May 28, 2026 by The Canadian Press

Nova Scotia Premier Tim Houston says he is relinquishing the energy minister role he gave himself as part of his push to turn the province into an energy superpower.
The premier announced the move as part of a larger cabinet shuffle on Wednesday as he…

STUDY – SERIOUS CHALLENGES: Canada’s Combined Federal-Provincial Government Debt Estimated to Surpass $2.4 Trillion in 2025/26

May 28, 2026May 28, 2026 by EnergyNow Media

By Jake Fuss The Growing Debt Burden for Canadians: 2026 Edition Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments. Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has nearly doubled from $1.24 trillion to a projected $2.44 trillion in 2025/26. Between 2019/20 (the last year … Read more

Government of Newfoundland and Labrador Seeks New Deal for Churchill Falls Electricity Generation – Atlantica Centre For Energy

May 28, 2026May 28, 2026 by EnergyNow Media

On May 19, 2026, the Government of Newfoundland and Labrador released findings from the Churchill River Independent Review Committee on the Memorandum of Understanding (MOU) signed between Newfoundland & Labrador Hydro and Hydro-Quebec in December 2024 regarding the future of electricity generation on the Churchill River. The Independent Review Committee’s Report: Creating Long-Term Value from the Churchill … Read more

B.C.’s REALITY: ‘Nobody Knows Exactly What Rules They’re Playing By’: A Northwestern B.C. MLA on Why Investment is Stalling

May 28, 2026May 28, 2026 by EnergyNow Media

Claire Rattée says communities from Terrace to Kitimat are ready to grow — but unclear policies and permitting delays are getting in the way By Ian Biana Claire Rattée, MLA for Skeena By Resource Works More News and Views From Resource Works Here Claire Rattée represents a vast and diverse region in northwestern British Columbia. … Read more

PIPELINE ASSURANCE NEEDED: Canada’s South Bow Delays Keystone XL Restart Until US Presidential Permit is Assured

May 29, 2026May 28, 2026 by EnergyNow Media

South Bow will not proceed with a partial revival of the Keystone XL pipeline until it has proof that a U.S. presidential permit is “durable,” the pipeline operator’s CEO, Bevin Wirzba, said on Thursday at the Energy Roundtable conference in Calgary, Canada. The Alberta-to-Wyoming pipeline, proposed by South Bow and its U.S. partner Bridger … Read more

Why LNG Offtake Agreement with Germany is a Big Deal- Resource Works

May 28, 2026 by EnergyNow Media

canada and british columbia are open for business natural resources minister tim hodgson nbennett 1200x810

By Nelson Bennett ‘Canada and British Columbia are open for business’ — Natural Resources Minister Tim Hodgson. | Nelson Bennett Photo By Resource Works More News and Views From Resource Works Here Reporters covering this morning’s press conference on a new 20-year offtake agreement between Ksi Lisims LNG and Germany’s SEFE might have wondered what … Read more

Tamarack Valley Energy Ltd. Announces Sale of Charlie Lake Assets, Transition to Pure Play Clearwater Producer and 25% Dividend Increase

May 27, 2026 by EnergyNow Media

CALGARY, AB, May 27, 2026 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce it has entered into a definitive purchase and sale agreement with an arm’s-length counterparty to sell its Charlie Lake assets for cash consideration of $804.0 million, before closing adjustments (the “Transaction”). Net proceeds from the divestiture will initially be directed to eliminate Tamarack’s net … Read more

Petrus Resources Announces Monthly Activity Update

May 27, 2026 by EnergyNow Media

CALGARY, Alberta, May 27, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more

Alberta Premier Wins Standoff with Party Over Position on Provincial Separation Vote

May 28, 2026May 27, 2026 by The Canadian Press

A standoff between Premier Danielle Smith and her own United Conservative Party on the issue of separation is over — and the premier has won.
Premier Smith and party president Rob Smith had been at odds over where they stand on Alberta staying in Cana…

Canada Secures First European LNG Deal

May 27, 2026 by EnergyNow Media

VANCOUVER, BC, May 27, 2026 /CNW/ – In an uncertain and rapidly shifting global economy, Canada is diversifying our trading partners and securing access to new markets as part of our mission to double non-U.S. trade. We are acting with urgency to retool our economy, get major projects built, and position Canada as a trusted energy supplier to … Read more

SECURE Shareholders Overwhelmingly Approve Transaction With GFL Environmental

May 27, 2026 by EnergyNow Media

Approximately 79% of votes cast at the Meeting were voted in favour of the Transaction CALGARY, AB, May 27, 2026 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) (TSX: SES) announced that SECURE shareholders (“Shareholders”) have overwhelmingly voted in favour of the previously announced transaction (the “Transaction”) with GFL Environmental Inc. (“GFL”) at the Corporation’s … Read more

Iran Could Open Strait of Hormuz Within a Month if Terms Agreed, State TV Says

May 27, 2026 by EnergyNow Media

(Reuters) – Tehran would restore shipping through the Strait of Hormuz to pre-war levels within a month in a framework deal with the U.S. to also include withdrawing U.S. forces from Iran’s vicinity, Iranian state television reported on Wednesday. The report said the U.S. would end a naval blockade of Iranian shipping, citing a memorandum … Read more

Open Interest in Natural Gas and Power on ICE Hits Record in May

May 27, 2026 by EnergyNow Media

May 27 (Reuters) – Intercontinental Exchange, one of the world’s biggest operators of trading platforms, reported on Wednesday record liquidity across its global natural gas and power markets, including ‌for North American natural gas. The impact of the Iran war, which has led to the effective closure of the Strait of Hormuz, has led to … Read more

Time-to-Power Gap: Big Generation’s Achilles’ Heel in the AI Data Center Race

May 27, 2026 by EnergyNow Media

Delayed grid infrastructure and turbine backlogs leave immediate power demand unmet CALGARY, Alberta (May 27, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Time to Power | Big Generations’ Achilles’ Heel, highlighting how speed-to-power constraints are reshaping competition to supply electricity for AI-driven data … Read more

The Deal Examined: German Utility SEFE to Buy One Million Yonnes of LNG Per Year From Ksi Lisims Project

May 28, 2026May 27, 2026 by The Canadian Press

A German utility has signed a long-term agreement to buy one million tonnes of liquefied natural gas per year from the yet-to-be-built Ksi Lisims project in northern British Columbia as European countries look to lock down reliable fuel supplies in a …

Iran Says Draft Deal with US Would Reopen Hormuz Shipping, End Naval Blockade

May 27, 2026 by EnergyNow Media

Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from … Read more

WINNERS & LOSERS: Iran War Splits Global Markets Into Clear Winners and Losers

May 27, 2026 by EnergyNow Media

Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar’s credentials as a safe-haven. Here’s a look at some stand-out winners and losers. OIL’S … Read more

Kimmeridge comments on Advantage Energy’s return of capital framework

May 27, 2026 by EnergyNow Media

NEW YORK, May 27, 2026 /PRNewswire/ — Kimmeridge, an alternative asset manager focused on the energy sector and the beneficial owner of approximately 7% of the outstanding common shares of Advantage Energy Ltd. (TSX: AAV) (“Advantage” or the “Company”), today issued the following statement regarding Advantage’s announced return of capital framework. Mark Viviano, Managing Partner at Kimmeridge, … Read more

Prospera Energy Announces Q1 2026 Financial Results

May 27, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 27, 2026) – Prospera (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“) is pleased to announce its operational and financial results for the three months ended March 31, 2026. The quarter combined three storylines that, taken together, reposition the Corporation for the Luseland development program now underway: … Read more

Oil Prices Drop as Traders Look for US-Iran Talks Progress

May 27, 2026 by EnergyNow Media

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(Reuters) – Oil prices fell around 3% on Wednesday as traders weighed up progress in U.S.-Iran peace talks against renewed hostilities. Brent crude futures fell $2.67, or 2.68%, to $96.91 ‌a barrel by 1139 GMT, while U.S. West Texas Intermediate (WTI) crude lost $3.43, or 3.65%, to $90.46 a barrel. The losses dented Brent’s gains … Read more

FEATURE: Dow Canada President ‘Extremely Proud’ of $10 Billion Alberta Expansion

May 27, 2026 by EnergyNow Media

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$10B complex to produce one of the world’s most widely used recyclable plastics By Will Gibson Dow Canada president Skya Kruithof. Photo for the Canadian Energy Centre Dow Canada president Skya Kruithof has spent much of his career in the United States, but says that as a Canadian, he’s “extremely proud” of what the company … Read more

New Brunswick Tables Bill to Create Energy Advocate to Represent Residents, Small Businesses

May 27, 2026May 27, 2026 by The Canadian Press

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New Brunswick’s government says the new consumer advocate office it will create will better represent residents and small businesses at the province’s power rate-setting body.
The Liberals on Tuesday tabled a pair of bills that would create an energy…

Germany-Canada LNG Deal Would Bolster Investment Case for Ksi Lisims: David Eby

May 28, 2026May 27, 2026 by The Canadian Press

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A deal to supply Canadian liquefied natural gas to Germany would be a key step toward the partners behind the Ksi Lisims project deciding to go ahead with their $10-billion West Coast plant and export terminal, British Columbia Premier David Eby said …

PROGRESS: Nova Scotia Premier Says Province is in Talks With Onshore Natural Gas Proponent

May 27, 2026May 27, 2026 by The Canadian Press

Nova Scotia’s premier says his government is about to start negotiations with a company that could frack for natural gas in the province.
Tim Houston told reporters Monday that seven companies responded to a call for firms interested in natural gas ex…

Germany, Canada to Sign Major LNG Deal as Europe Seeks Energy Security

May 27, 2026May 27, 2026 by EnergyNow Media

The gas will be shipped from the Ksi Lisims project, a $10 billion floating export facility that has already received regulatory approval By Brian Platt Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia, according to people familiar with … Read more

GONE! Anti-Oil & Gas Activist Steven Guilbeault Announces He Will Resign as a Member of Parliament This Summer

May 27, 2026May 26, 2026 by The Canadian Press

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Former cabinet minister Steven Guilbeault is set to resign as a member of Parliament, sources have told The Canadian Press.
Guilbeault is expected to inform the Liberal caucus on Wednesday.
Guilbeault has become increasingly disillusioned in recent mo…

Iran Would Open Strait of Hormuz 30 Days After Peace Deal – Source

May 26, 2026 by EnergyNow Media

(Reuters) – The U.S. and Iran are discussing a plan to open the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities, the Nikkei newspaper reported on Monday citing a Middle East diplomatic source. Iran would proceed to clear mines from the strait during a 30-day window following … Read more

Lycos Energy Inc. Announces Q1 2026 Results and Operations Update

May 26, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 26, 2026) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2026. Selected financial and operating information is outlined below and should be read with Lycos’ unaudited condensed interim consolidated financial statements and related management’s … Read more

Exxon, ConocoPhillips Seek Safeguards to Return to Venezuela

May 26, 2026 by EnergyNow Media

By Kevin Crowley, Jennifer A Dlouhy, Fabiola Zerpa, and David Wethe Exxon Mobil Corp. and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago. Both companies are in active negotiations with President Delcy Rodríguez’s … Read more

NO PATHWAYS, NO PIPELINE: How the Massive Carbon Storage Project Would Work, if Built

May 27, 2026May 26, 2026 by The Canadian Press

canada could be a leader in carbon capture resource works 1

There’s no pipeline without Pathways and no Pathways without a pipeline.
That was the quid pro quo spelled out in a sweeping energy accord signed between Alberta and Ottawa in November.
Alberta is spearheading early planning and regulatory work on a…

Northern Oil & Gas Reaches First Deal for Canadian Energy Assets

May 26, 2026 by EnergyNow Media

US energy firm Northern Oil & Gas Inc. agreed to acquire a stake in Canadian oil and gas properties, its first foray into international assets. Northern will pay Parallax Energy Operating Inc. C$350 million ($254 million) in cash and stock for a 25% interest in oil-producing properties and tens of thousands of acres in the Duvernay shale basin in … Read more

NOG Announces Strategic Entry into Canada with Light Oil Duvernay Acquisition; Takes 25% Undivided Stake in Assets with Long-Term Joint Development Agreement

May 26, 2026May 26, 2026 by EnergyNow Media

HIGHLIGHTS NOG makes strategic entry into Canada with inventory-rich light oil acquisition in the Duvernay Shale for a CA$350 million (~US$259 million) initial unadjusted purchase price Operated ‘buy-down’ acquisition of a 25% non-operated stake in light oil producing properties with significant undeveloped inventory in Alberta, Canada in the Duvernay East Shale Basin operated by Parallax … Read more

PEACE IN PERIL: Global Oil Price Gains 2% as US Military Strikes on Iran Add to Peace Deal Uncertainty

May 26, 2026 by EnergyNow Media

Summary Brent rises, WTI falls owning to settlement price mismatch US Secretary of State says negotiating deal could ‘take a few days’ Some oil, LNG tankers have passed through strait in recent days, shipping data shows (Reuters) – Brent crude oil rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, … Read more

OPEN TO CONVERSATIONS: Alberta Premier ‘Open to Conversations’ on Potential Incentives to Stimulate Investment Into New Oilsands Projects

May 26, 2026May 26, 2026 by EnergyNow Media

If this was a poker game, the stakes are large and the next few hands will be essential in the coming weeks By This Article and More From Chris Varcoe Here Original: https://financialpost.com/opinion/columnists/varcoe-danielle-smith-open-conversations-stimulating-investment-new-oilsands-projects/wcm/3c2c125b-871f-458f-bd28-e5ad3bd08df6 It was almost 30 years ago when Jean Chretien’s federal government reached a historic understanding with Ralph Klein’s Alberta government and the … Read more

Oil Sands Firms Can Afford Carbon Capture, Hodgson Says

May 26, 2026May 26, 2026 by EnergyNow Media

The project spearheaded by five of the largest oilsands companies would capture carbon dioxide and transport it more than 400 kilometres By Brian Platt Energy Minister Tim Hodgson said he’s “highly confident” that Alberta oil sands companies can absorb the cost of building carbon capture, despite their protests that Canada’s climate rules hurt their global … Read more

Trump Links Abraham Accords to Any Iran Deal

May 25, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump said on Monday that he asked Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan to join the Abraham Accords en masse to normalize relations with Israel as he tries to negotiate an agreement to end the war with Iran. Pakistan rejected the proposal. None of the other countries has … Read more

Carney Says Alberta Vote on Separation Could Become ‘Dangerous Bluff’

May 26, 2026May 25, 2026 by EnergyNow Media

(Reuters) – Canadian Prime Minister Mark Carney said on Monday that Alberta’s planned vote on potentially breaking away from the rest of Canada, while not binding, could become “a dangerous bluff” and that asking such questions was “not helpful.” The oil-rich province said last week it would proceed with a non-binding referendum in October … Read more

Dalhousie University Launches Second Call for Participation in the Subsurface Energy R&D Investment Program

May 25, 2026 by EnergyNow Media

May 25, 2026 (HALIFAX, NS) – Today Dalhousie University is inviting industry to respond to a second Call for Participation for the Nova Scotia Subsurface Energy Research and Development Investment Program. The program is a provincial initiative to help understand the potential of Nova Scotia’s onshore natural gas deposits and support informed, evidence-based energy and … Read more

COMMENTARY: Team Canada Wants Team Players

May 25, 2026 by EnergyNow Media

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Mark Carney warns against footdragging in nation building By Nelson Bennett As Canada embarks on a nation-building exercise akin to China’s Belt and Road Initiative, there will be plenty of naysayers and NIMBYs arguing why something can’t or shouldn’t be built. Prime Minister Mark Carney doesn’t want to hear from them. “We don’t want to … Read more

COMMENTARY: Alberta Government Has a Decades-Old Spending Problem—and it’s Time to Fix It

May 25, 2026 by EnergyNow Media

By Tegan Hill The spike in oil prices fuelled by the Iran war and closing of the strait of Hormuz, a vital energy corridor used to transport one-fourth of the world’s seaborne oil, may help temper the Alberta government’s $9.4 billion budget deficit—or even eliminate it. But that won’t solve Alberta’s budget problem; it will only … Read more

Lotus Creek Exploration Inc. Announces April Operational Update to Shareholders

May 25, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 25, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to announce that the April Operational Update to Shareholders has been posted to the Company’s website and can be accessed via the following link: April Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT: … Read more

Pembina Pipeline Sanctions Heartland Extraction Plant Strengthening its Leading NGL Franchise

May 25, 2026 by EnergyNow Media

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 earnings before interest, taxes, depreciation and amortization (“EBITDA”) build multiple. For more information see “Non-GAAP and Other Financial Measures” herein. CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: … Read more

Number of Ships Transiting Strait of Hormuz will Return to Pre-War Level in 30 days Under Potential deal, Tasnim Says

May 25, 2026 by EnergyNow Media

A potential deal between Iran and the United States stipulates that the number of ships able to transit the Strait of Hormuz would return to the pre-war level within 30 days, according to Iran’s semi-official Tasnim news agency. The naval blockade must be completely lifted within 30 days according to a memorandum of understanding, … Read more

What Needs to be Agreed to End the Iran War?

May 25, 2026 by EnergyNow Media

Iran’s foreign ministry spokesperson said on Monday that conclusions have been reached on many topics discussed in a potential 14-point memorandum of understanding, but this does not mean a deal to end the Middle East war is imminent. The framework is focused on an end to the war and a U.S. naval blockade in … Read more

Pembina Pipeline Going Ahead with $570M Heartland Extraction Project

May 25, 2026May 25, 2026 by The Canadian Press

Pembina Pipeline Corp. says it’s going ahead with its $570-million Heartland extraction plant project.
The 750-million-cubic-feet-per-day straddle plant will extract natural gas liquids under Pembina’s extraction rights on the Yellowhead Pipeline.
It …

Oil and LNG Tankers Exit Hormuz, Heading for Pakistan and China

May 25, 2026 by EnergyNow Media

Summary Washington cites progress in Iran conflict resolution Trump says there is no rush for Iran deal, US blockade stays Two LNG, one crude tanker cross Strait in recent days, shipping data show (Reuters) – Oil prices fell more than 4% to two-week lows ‌on Monday as optimism grew that the United States and Iran … Read more

Alberta Separation Vote: ANGUS REID – Three-in-Five Say They’d Vote in October to Stay, But Half Say the Question is “Confusing”

May 25, 2026 by EnergyNow Media

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May 25, 2026 – A long-simmering “what if” has become a reality in Alberta, with federalists and separatists now on a five-month clock to convince Albertans to either stay in Canada or “start a legal process” for a binding referendum on separation. The UCP government led by Premier Danielle Smith will put a 37-word question … Read more

Oil Slips to Two-Week Low as US and Iran Seen Moving Closer to Deal

May 25, 2026 by EnergyNow Media

Westech Industrial to Showcase Oil & Gas Solutions at the 2026 Saskatchewan Oil & Gas Show

May 25, 2026 by EnergyNow Media

Westech Industrial is pleased to be attending the 2026 Saskatchewan Oil & Gas Show in Weyburn, Saskatchewan, on June 3 and 4, where industry professionals from across the region will gather to explore technologies, services and solutions for the energy sector. For energy producers, service companies and industrial operators, trade shows like this provide a … Read more

Muddy Boots + 8am Solutions Integration: Streamline Vendor Communication. Improve Compliance Visibility.

May 25, 2026 by EnergyNow Media

Managing vendor communication shouldn’t be manual. With our new integration with 8am Solutions, Muddy Boots clients can now access an up-to-date list of vendor personnel directly within Muddy Boots, complete with vendor statuses. No more manually entering email addresses. No more guessing who’s approved to complete work. Just select, send, and stay connected. How It … Read more

WATCH: In Conversation with Stéphane Charest, Vice-President, Energy and Chemical Processes at BBA

June 1, 2026May 25, 2026 by EnergyNow Media

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VISIT BBA HERE Brief Overview of BBA BBA is a Canadian-based, employee-owned engineering consulting firm that has provided specialized expertise to the energy and natural resources sectors for over 45 years. Known for its technical expertise and high-level engineering, the firm focuses on developing sustainable, reliable, and innovative solutions. Key Aspects of BBA Consultants: Core … Read more

Six Changes Governing Climate Policy in Canada – See Them Here

May 25, 2026May 25, 2026 by EnergyNow Media

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Why a comprehensive review of national energy goals is necessary to secure Canada’s economic and sovereign future By Jim Rushton Premier David Eby and federal Energy and Natural Resources Minister Tim Hodgson announce a new agreement tied to LNG Canada Phase 2 and major resource development projects in British Columbia. | Province of British Columbia … Read more

OPINION: Carney-Smith Agreement Delivers Another Blow to Alberta’s Oil and Gas Sector

May 25, 2026May 25, 2026 by EnergyNow Media

By Kenneth P. Green Last year, the Carney government and Smith government in Alberta adopted a memorandum of understanding (MOU) to “strengthen energy collaboration and build a stronger, more competitive, and more sustainable economy.” That MOU recently took a large step forward with an additional agreement clarifying elements of last year’s pact. In broad strokes, the original MOU struck … Read more

Carney Stresses Importance of Alberta After Separation Vote Announcement – “We’re Renovating the Country as we Go. And Alberta being at the Center of That is Essential,”

May 25, 2026May 25, 2026 by EnergyNow Media

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Prime Minister Mark Carney on Friday stressed Alberta’s importance to Canada, a day after the oil-rich province announced a non-binding referendum on whether its residents want to remain in the country. The largely symbolic move could pose a major challenge for Carney, who is pushing for national unity in the face of U.S. tariffs and … Read more

U.S. Oil Operators in North Dakota Cautious on Drilling Despite Price Rise

May 23, 2026May 23, 2026 by EnergyNow Media

(Reuters) – U.S. oil operators in North Dakota are moving cautiously on ramping up drilling despite a sharp rise in oil prices driven by the Iran war, as companies wait to see if higher prices will last long enough to justify new investment, the state’s regulator said on Friday. While elevated prices have improved near-term … Read more

Barclays Keeps $100 Brent Oil Forecast for 2026 But Risks Skew Higher

May 23, 2026May 23, 2026 by EnergyNow Media

Barclays is maintaining its 2026 average Brent crude oil price forecast at $100 a barrel though risks are skewing higher, the bank said in a note on Friday.In trading on Friday, Brent futures were at about $105 a barrel as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks, while the key Strait … Read more

WARMING UP TO A PIPELINE: Enbridge Warms Up to New Alberta-to-B.C. Oil Pipeline After Carbon Compromise

May 25, 2026May 23, 2026 by EnergyNow Media

CEO says he ‘definitely would consider’ backing a new pipeline to Canada’s west coast By Thomas Seal and Katie Greifeld Enbridge Inc. “definitely would consider” backing a new oil pipeline to Canada’s west coast, its chief executive said, giving an early vote of confidence hours after Prime Minister Mark Carney signed an energy deal with … Read more

The Key Sticking Points for a US-Iran Peace Deal

May 23, 2026May 23, 2026 by EnergyNow Media

By Patrick Sykes The US and Iran have been locked in a stalemate since agreeing to a ceasefire in April. They’ve been unable to reach a deal to end a monthslong war that has killed thousands of people and sparked a global energy crunch. Tensions remain high as Iran maintains a tight grip on shipping … Read more

US Drillers Add Oil/Gas Rigs for Fifth Week in a Row, Says Baker Hughes

May 23, 2026May 23, 2026 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the fifth week in a row for the first time since February 2025, 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 seven … Read more

OPEC+ Leaders Expected to Up July Oil Output Target Despite Hormuz Disruption, Sources Say

May 23, 2026May 23, 2026 by EnergyNow Media

By Ahmad Ghaddar and Olesya Astakhova Seven members likely to raise target by 188,000 bpd, sources say Most cannot meet targets due to Hormuz closure Group-wide OPEC+ policy expected to remain unchanged LONDON, May 21 (Reuters) – Seven leading OPEC+ oil-producing countries ‌will likely agree to a modest hike to July output when they meet … Read more

14 Liberal MPs Pen Letter to Carney Raising Concerns Over Environmental Backslide Over Potential Pipeline – MPs Do Not Want to be Identified

May 22, 2026 by EnergyNow Media

Letter was sent to PM prior to latest pipeline agreement with Alberta By Valérie Gamache Liberal MP Steven Guilbeault may be the most outspoken, but he’s not the only member of his party unhappy with Prime Minister Mark Carney’s environmental rollbacks. Carney signed a new agreement with Alberta Premier Danielle Smith last week that could … Read more

Ukraine Attacked Russian Oil Refinery in Yaroslavl, Zelenskiy Says

May 22, 2026 by EnergyNow Media

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May 22 (Reuters) – Ukrainian forces have attacked a Russian oil refinery in Yaroslavl, some 700 km (435 miles) from the ‌Ukrainian border, President Volodymyr Zelenskiy said on Friday, the latest in a series of strikes by Kyiv on oil facilities in Russia. “In particular, overnight, the Defense Forces of Ukraine operated against targets associated … Read more

Oil Prices Settle Higher on Slow Progress in US-Iran Peace Talks

May 22, 2026 by EnergyNow Media

By Erwin Seba Rubio says more work needed in Iran talks despite some progress Iran, US maintain opposed on Tehran’s uranium, Strait of Hormuz OPEC+ expected to increase July oil output, sources say WTI, Brent headed for weekly losses HOUSTON, May 22 (Reuters) – Oil prices climbed on Friday, as investors worried that the U.S. … Read more

Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of Winter

May 22, 2026 by EnergyNow Media

(Reuters) – China’s gas destocking signals stronger LNG imports ahead of winter, reinforcing upside risks to European gas prices, particularly if disruptions to Hormuz energy flows persist, Goldman Sachs said in a note on Thursday. The bank said that China’s April gas demand was marginally down year-over-year at 379 billion cubic meters per year (Bcm/y) … Read more

Higher Sales at Gas Stations as Prices Rise Boost Retail Sales in March

May 22, 2026May 22, 2026 by The Canadian Press

Retail sales rose 0.9 per cent to $72.7 billion in March as higher gas prices boosted overall sales for the month, Statistics Canada said on Friday.
Sales at gas stations and fuel vendors rose 12.4 per cent as the attack on Iran by the U.S. and Israel…

Oil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace Talks

May 22, 2026 by EnergyNow Media

Summary Iran, U.S. maintain opposing stances on Tehran’s uranium stockpile, Strait of Hormuz OPEC+ leaders expected to up July oil output target, sources say WTI, Brent headed for weekly losses (Reuters) – Oil prices climbed on Friday as investors doubted the prospect of a ‌breakthrough in U.S.-Iran peace talks, but held on track for a … Read more

Canada Needs Transparent, Consistent Energy Policies to Attract Investment

May 22, 2026 by EnergyNow Media

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Gary Mar: Canada has spent much of the past decade sending mixed signals to investors interested in major energy infrastructure projects By Gary Mar Canada has spent much of the past decade sending mixed signals to investors interested in major energy infrastructure projects. Northern Gateway was approved and then cancelled. Energy East was abandoned after … Read more

FEATURE: Welcome to the Most Important Oil Town in Canada — Population Only 623

May 23, 2026May 22, 2026 by EnergyNow Media

Without Hardisty, Alta., there would be no gas for your car, asphalt for roads, jet fuel for jaunts or billions in oil revenues flowing to Alberta and Ottawa. It might be a tiny dot on the map, but its impact on Canada’s welfare is massive By Joe O’Connor This story originally appeared in … Read more

COMMENTARY: Offshore Petroleum Bid Good News for Nova Scotia—But Should Be Just the Beginning

May 22, 2026May 22, 2026 by EnergyNow Media

By Alex Whalen Last week, Nova Scotia’s offshore energy regulator granted Inceptio Oil and Gas Ltd., a British energy company, the right to explore for oil and gas in two areas of the province’s ocean floor. Premier Tim Houston has emphasized the need for greater development of Nova Scotia’s natural resources to drive income growth … Read more

How Technology, Engineering, and Monitoring Have Transformed Pipelines to One of the Safest Forms of Energy Transportation

May 22, 2026May 22, 2026 by EnergyNow Media

Over the last 30 years, North America’s oil and natural gas pipeline industry has undergone a major technological transformation. Modern pipelines are dramatically safer, more durable, and more closely monitored than the systems built in the mid-20th century. Advances in metallurgy, welding, leak detection, automation, digital monitoring, and integrity management have significantly reduced the risk … Read more

REALITY: Individual Political Candidates Motivate Only 6% of Voters, Meaning Floor-Crossing MPs Should Face Byelections for Democratic Legitimacy

May 22, 2026 by EnergyNow Media

By Nathan Cullen Why Floor Crossing Reveals the Character Flaws of Our Politics and Makes Us All a Little More Cynical Politicians mistakenly credit their merit alone for their electoral victories, which can often become a self-serving myth. They forget that politics is a team activity. Most voters choose the party, leader, or broader issues, … Read more

HIGH ENERGY STAKES – Alberta Government Will Hold Non-Binding Referendum on Staying in Canada, Premier Says

May 22, 2026May 22, 2026 by EnergyNow Media

Canada’s oil-rich province of Alberta will proceed with a non-binding referendum in October on whether its residents want to remain part of Canada, Premier Danielle Smith said Thursday, a largely symbolic move that could still pose a major challenge for Prime Minister Mark Carney. The ballot box question will not trigger separation, Smith said, but … Read more

COMMENTARY: Ottawa-Alberta Deal Continues to Strangle Energy Sector With Red Tape – Fraser Institute

May 22, 2026May 22, 2026 by EnergyNow Media

By Julio Mejía and Elmira Aliakbari The Smith and Carney governments recently reached an agreement on the next steps for a potential new pipeline that could connect Alberta oil and gas to Asian markets. But the price Alberta will pay is steep: a higher industrial carbon tax and renewed support for the costly Pathways carbon-capture project, … Read more

Alberta is to Vote on Whether to Hold a Separation Referendum. Here’s How We Got Here

May 22, 2026May 21, 2026 by The Canadian Press

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Premier Danielle Smith announced Thursday that Albertans will be going to the polls Oct. 19 to vote on whether there should be a future binding referendum on the province quitting Canada.
Here’s a timeline of pivotal moments in Alberta’s separatism de…

ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short

May 21, 2026 by EnergyNow Media

By Jennifer A Dlouhy The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest. The recent changes to Venezuela’s oil law intended to entice foreign drillers still give the government wide latitude to … Read more

Canada’s Climate for Energy Investment Improving, Executives Say

May 22, 2026May 21, 2026 by EnergyNow Media

(Reuters) – Canada has become more attractive for oil and gas investment under Prime Minister Mark Carney although the cost of doing business remains a challenge that could limit long-term energy sector growth, industry executives said on Thursday. Oil and gas companies, which have long complained that onerous federal regulations and environmental policies in Canada … Read more

Rubio Says a Hormuz Tolling System Would Make Iran Diplomatic Deal Unfeasible

May 21, 2026 by EnergyNow Media

(Reuters) – A diplomatic deal between the United States and Iran would be unfeasible if Tehran implemented a tolling system in the Strait of Hormuz, U.S. Secretary of State Marco Rubio told reporters on Thursday. “No one in the world is in favor of the tolling system. It can’t happen. It would be unacceptable. It … Read more

PESPECTIVE: A Year’s Worth of Canadian Energy Policy in 10 Days – Resource Works

May 21, 2026 by EnergyNow Media

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Karen Graham on how a pragmatic new approach from Ottawa may pressure British Columbia… By Karen Graham Karen Graham, Chair, Resource Works Advisory Council By Resource Works More News and Views From Resource Works Here Between May 7 and 17, Canadians were presented with a head-spinning set of policy changes (by usual government standards) regarding … Read more

REGISTER NOW: Canada’s Energy Industry Meets Here | Global Energy Show, June 9–11, Calgary

May 22, 2026May 21, 2026 by EnergyNow Media

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Canada’s Energy Moment Has Arrived With Canada’s energy agenda moving faster than it has in a generation, the past month alone tells the story. A federal-provincial pipeline agreement to the Pacific coast, Enbridge’s $4 billion Sunrise Expansion approved, Shell’s $22 billion acquisition of ARC Resources bolstering LNG Canada Phase 2, and Keyera’s $5.3 billion midstream … Read more

‘Pack Your Patience’: Fuel Shortages Keeping Canadians’ Summer Travel Plans in Flux

May 21, 2026May 21, 2026 by The Canadian Press

With airline tickets growing more expensive and customers facing the risk of cancelled flights, insurance experts are advising those with summer travel plans to stay on their toes.
Air carriers are continuing to grapple with sky-high jet fuel costs, a…

Oil Market Clock is Ticking as Supply Crunch Looms: Bousso

May 21, 2026 by EnergyNow Media

The oil industry has shown remarkable resilience in the face of the largest energy supply shock in modern history, pulling multiple levers to cushion the blow of the Iran war. But barring a breakthrough in peace talks, the global market may be only months away from a breaking point. The world’s biggest and most liquid … Read more

Oil Market Could Hit ‘Red Zone’ in July-August, IEA Chief Says

May 21, 2026 by EnergyNow Media

By Reuters (Reuters) – The start of peak summer fuel demand combined with the lack of ‌new oil exports from the Middle East and depleting stocks could push the oil market into the “red zone” in July-August, the head of the International Energy ⁠Agency said on Thursday without elaborating. The world entered the oil supply crisis … Read more

No Full Hormuz Flows Until First Half of 2027, UAE’s Oil Giant Says

May 21, 2026 by EnergyNow Media

Summary ADNOC chief Jaber’s outlook among most pessimistic for return to normal Hormuz traffic Mideast war and Iran blockade have disrupted one-fifth of global oil flows Jaber urges renewed investment to strengthen global energy supply chains (Reuters) – Full oil flows through the Strait of Hormuz will not return before the first or second … Read more

Oil Rises Over 1% After Reuters Report Signals Complication to US-Iran Peace Talks

May 21, 2026 by EnergyNow Media

Summary Supreme Leader says enriched uranium must stay in Iran, Iranian sources say Pakistan steps up diplomatic bid to get US-Iran peace talks on track US withdrew biggest oil drawdown on record from SPR last week Europe’s economy hit hard as energy price shock stifles demand (Reuters) – Oil prices rose over 1% on Thursday … Read more

NOW YOU KNOW: Greenfield vs Brownfield Energy Investments – What’s the Difference?

May 22, 2026May 21, 2026 by EnergyNow Media

In the oil sands industry, a greenfield investment refers to building a brand-new production facility from scratch on undeveloped land, whereas a brownfield investment involves expanding, altering, or upgrading an existing, operational facility. Direct Comparison of Oil Sands Investments Feature Greenfield Investment Brownfield Investment Definition Building a new facility from scratch. Expanding or modifying an … Read more

IT’S NOT KITTENS & RAINBOWS: Anyone Hoping Everything Would Make Sense After the May 15 MOU Announcement Will Be Disappointed – Jim Warren

May 22, 2026May 21, 2026 by EnergyNow Media

By Jim Warren The May 15 signing event for the updated pipeline MOU included the announcement of changes to the original November 27, 2025 agreement. Mainstream media personalities such as CBC Rosemary Barton have celebrated those changes, claiming they have advanced the noble cause of cooperative federalism. Everything is kittens and rainbows now thanks to … Read more

COMMENTARY: Moonscape No More—Sudbury’s Journey to Cleaner Air

May 21, 2026 by EnergyNow Media

By Annika Segelhorst and Elmira Aliakbari In 1971 and 1972, NASA sent some of its top astronauts to Sudbury, Ontario as part of its training for the Apollo missions. Why? Decades of air pollution had killed the area’s trees and grasses, exposing a unique crater geology and leaving Sudbury looking like a suitable substitute for the moon. Almost … Read more

Why Asia Needs More Canadian Oil, Not Just Natural Gas

May 21, 2026May 21, 2026 by EnergyNow Media

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Growing demand for heavy oil and LNG strengthens the case for more West Coast exports By Grady Semmens An oil tanker anchored outside the Westridge Marine Terminal in the Port of Vancouver, at the end of the Trans Mountain pipeline. CP Images photo Growing global demand for secure, reliable energy is creating a major opportunity … Read more

Tuktu Resources Ltd. Announces First Quarter 2026 Results

May 20, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 20, 2026) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Tuktu’s unaudited interim condensed financial statements and related management’s discussion and analysis … Read more

PERSPECTIVE: THE CANADA-ALBERTA MOU – Progress, Remaining Steps, Losers and Loose Ends Examined – Yogi Schulz

May 21, 2026May 20, 2026 by EnergyNow Media

by Yogi Schulz Alberta Premier Danielle Smith and Prime Minister Mark Carney signed an MOU Implementation Agreement on May 15, 2026, that outlines various commitments and a timeline for approval of the UCP government’s much-sought-after crude oil pipeline to the West Coast. The agreement also advances Carney’s dreams of pulling Canada out of the U.S. … Read more

Keyera, AltaGas and CN Partner to Build Strategic Canadian Infrastructure Rail Terminal

May 22, 2026May 20, 2026 by EnergyNow Media

Investment in ACE Rail Terminal to strengthen Canada’s energy competitiveness, expand access to global markets and support long-term economic growth CALGARY, AB, May 20, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”), AltaGas Ltd. (TSX: ALA) (“AltaGas”) and CN (TSX: CNR) (NYSE: CNI) today announced plans to advance the Alberta Corridor Export (“ACE”) Rail Terminal Project (the “Project”), a strategic Canadian … Read more

COMMENTARY: Here’s How Carney Can Meaningfully Address Legitimate Frustrations of Albertans

May 20, 2026 by EnergyNow Media

By Tegan Hill Premier Danielle Smith and Prime Minister Mark Carney recently reached a deal on the memorandum of understanding (MOU), which addresses several damaging federal policies holding back Canada’s energy industry and sets the conditions for a west coast pipeline. At the same time, a recent court ruling struck down the petition to hold a separation referendum in … Read more

Qatari LNG Outage Shifts Global Gas Market Into Structural Deficit

May 20, 2026 by EnergyNow Media

Delayed Qatari capacity recovery is forecast to reshape LNG trade flows and energy security strategies worldwide CALGARY, Alberta (May 20, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Global Gas and LNG | Qatari Outage Fixes Oversupply, examining the long-term implications of the Qatar … Read more

Tankers Exit Strait of Hormuz With 6 Million Barrels of Crude Oil

May 20, 2026 by EnergyNow Media

By Florence Tan and Jonathan Saul Crude tanker sailings through strait still small – data Industry guidance shows high risks with every crossing Uncertainty remains over conditions in the Gulf SINGAPORE, May 20 (Reuters) – Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the … Read more

Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever

May 20, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump is discovering – yet again – just how unforgiving and powerful bond markets can be. A global selloff has swept through sovereign debt markets, as rising inflation has driven yields on long-dated bonds to their highest levels in decades. The 30-year U.S. Treasury yield on Wednesday hit 5.20%, the … Read more

Iran is Consolidating Control of Hormuz With Island Checkpoints, Diplomatic Deals – and Sometimes ‘Fees’

May 20, 2026 by EnergyNow Media

(Reuters) – The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-metre-long Agios Fanourios I, laden with Iraqi crude oil and bound for Vietnam, had been bottled up off the coast of … Read more

New UAE Pipeline Bypassing Hormuz Now 50% Complete, ADNOC CEO Says

May 20, 2026 by EnergyNow Media

(Reuters) – A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday. Iran has largely kept the waterway critical for global oil and gas supplies shut to … Read more

Saudi Arabia Crude Exports Fall to 4.974 mln bpd in March

May 20, 2026 by EnergyNow Media

(Reuters) – Saudi Arabia’s crude oil exports in March fell to 4.974 million barrels per day from 7.276 million bpd in Feb, official data showed on Wednesday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published … Read more

Oil Prices Slump After Trump Comments While Analysts Point to Supply Crunch

May 20, 2026 by EnergyNow Media

Summary Trump and Vance talk up Iran deal prospects Another two oil tankers exit Strait of Hormuz Official U.S. stockpiles data due at 1430 GMT (Reuters) – Oil prices lost about 3% on Wednesday after U.S. President Donald Trump again asserted that the Iran war will end “very quickly”, though investors ‌remain wary about the outcome of peace … Read more

CARBON CAPTURE: Post-Combustion Carbon Capture Implications and Opportunities in Gas Fired Power Generation

May 20, 2026 by EnergyNow Media

Author: Clara Yuan (Process Engineer), Fluor Canada Ltd. Over the past several decades, implementing carbon capture technology as a form of emissions abatement has become an increasingly common consideration for many industries. This includes industries like power generation, which continue to rely on traditional fossil fuels based on the advantages they present over renewable energy … Read more

HOW KEYSTONE CAME BACK FROM THE DEAD – A Renewed Keystone XL Pipeline Could Deepen Canada’s Dependence on the U.S. Market

May 20, 2026May 20, 2026 by EnergyNow Media

A renewed Keystone XL pipeline could deepen Canada’s dependence on the U.S. market, not diversity exports By Daniel Trainer Original: financialpost.com/commodities/energy/oil-gas/how-keystone-came-back-from-the-dead Keystone XL was supposed to be dead. After years of political fights, legal challenges and environmental opposition, then-United States president Joe Biden revoked the cross border permit for the pipeline in 2021. TC Energy … Read more

COMMENTARY: “DECARBONIZED Oil” – Has the “Grand Bargain” Become Ottawa’s “Grand Ransom”? – William Lacey

May 20, 2026May 20, 2026 by EnergyNow Media

By William Lacey Decarbonizing a barrel has to be one of the dumbest phrases I have heard, especially when it doesn’t actually have anything to do with the barrel itself. We are the ONLY nation in the top 10 oil producers who has a self imposed carbon tax. Moreover, producers will pay to “decarbonize” their … Read more

Alberta’s Timing Targets for West Coast Pipeline are a ‘Best-Case Scenario’: CIBC Analysts

May 20, 2026May 20, 2026 by EnergyNow Media

The targeted timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline is ambitious, with many obstacles yet to clear, analysts at CIBC World Markets wrote in a recent report. The province aims to submit a proposal to the federal major projects office by July 1, … Read more

3 MINUTE HISTORY CANADA – WATCH: Conquering the Rockies in 18 Months! The Original Trans Mountain Pipeline

May 20, 2026May 20, 2026 by EnergyNow Media

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3 Minute History Canada continues its high-octane ride through Canadian energy history. This week’s episode dives into the epic 1951–1953 construction of the original Trans Mountain Pipeline — 1,150 km of pure grit carved through the Rocky Mountains during the Korean War. Facing steel shortages and brutal terrain, surveyors mapped insane routes by foot and … Read more

INSIGHT: Is the Alberta Government Continuing to Sneak its Net Zero Agenda in Through the Back Door? – Lennie Kaplan

May 20, 2026May 20, 2026 by EnergyNow Media

By Lennie Kaplan With the third anniversary of Premier Danielle Smith’s net zero emissions (Alberta NZE) agenda, known as the Alberta Emissions Reduction and Energy Development Plan (EREDP), come and gone, it appears the Alberta government has no intention of publishing a comprehensive public progress report on NZE implementation. These are among the key insights … Read more

Australia Has Big Shale Gas Advantage, Texas-Based Investor Says

May 19, 2026 by EnergyNow Media

By Paul Allen and Keira Wright Australia’s vast shale gas resources give the nation an edge in the global energy sector, especially at a time when the Iran war is constraining supplies across the world, according to Texas-based investor Bryan Sheffield. The Middle East conflict, which has disrupted gas supplies and lifted prices, is pushing … Read more

S&P/TSX Composite Down in Trading on Tuesday, U.S. Stocks Also Lower

May 19, 2026 by The Canadian Press

Canada’s main stock index moved lower in trading on Tuesday, weighed down by losses in the battery and base metals sectors, while U.S. markets also fell.
The S&P/TSX composite index was down 92.11 points at 33,741.24.
In New York, the Dow Jones indust…

Tanker Rates Soar, But Hormuz Opening May Move Them Either Way, CMB.Tech Boss Says

May 19, 2026 by EnergyNow Media

By Mathias de Rozario and Jerome Terroy May 19 (Reuters) – The tanker market is booming, but whether reopening the Strait of Hormuz would send freight rates soaring or crashing is still uncertain, ‌the head of Belgian tanker firm CMB.Tech (CMBT.BR) said on Tuesday. One of the prevailing views is that a reopening would trigger … Read more

Shell Shareholders Reject Climate Activist Resolution as They Re-Elect CEO, Chairman

May 19, 2026 by EnergyNow Media

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By Stephanie Kelly and Shadia Nasralla Shell CEO Wael Sawan says oil demand will remain essential for decades Shareholder climate resolution gets 13% support, according to initial results LONDON, May 19 (Reuters) – Shell (SHEL.L) shareholders ‌knocked back a climate activist resolution at Tuesday’s annual general meeting, in a resounding show of support for CEO … Read more

New West Data Signs Letter of Intent to Acquire Significant Oil and Gas Assets Near Rocky Mountain House, Alberta

May 19, 2026 by EnergyNow Media

Proposed transaction expected to more than triple production to 4,500 BOE/d and more than double self-powered off-grid compute capacity to 35 MW Company plans to expand off-grid compute beyond bitcoin mining into high-density HPC and AI CALGARY, Alberta, May 19, 2026 (GLOBE NEWSWIRE) — New West Data Corp. (“New West Data”), North America’s first vertically integrated oil … Read more

Putin Says Russia, China Ready to Back Each Other on Issues Such as Protecting Sovereignty

May 19, 2026 by EnergyNow Media

(Reuters) – Russia and China are ready to support each other on a wide range of issues, including national unity and protection of sovereignty, President Vladimir Putin said in a video address ahead of a visit to China starting on Tuesday. Relations between Russia and China have reached an ‘unprecedented level’ of mutual understanding and … Read more

DATA CENTER INSIGHT – The New Infrastructure Race in North America and Why Communities Don’t Want Them

May 19, 2026 by EnergyNow Media

Across North America, data centers have moved from being a background part of the digital economy to one of the most important pieces of modern infrastructure. They support cloud computing, online banking, streaming, ecommerce, government systems, scientific research, and now artificial intelligence. Their rapid expansion is creating major economic opportunities, but it is also … Read more

Oil Falls as Trump Holds off on Scheduled Attack on Iran

May 19, 2026 by EnergyNow Media

Summary Trump said on Monday he had paused a planned resumption of attacks on Iran Iran seeks lifting of sanctions, release of frozen funds, end to US marine blockade US extends sanctions waiver on Russian seaborne oil (Reuters) – Oil prices fell on Tuesday, ‌with global benchmark Brent crude dropping 1.5%, after U.S. President Donald … Read more

Inflation rises to 2.8% in April but Iran war impact limited to gas pumps for now

May 19, 2026May 19, 2026 by The Canadian Press

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Higher gas prices driven mainly by the war in Iran pushed inflation higher in April but some economists argue the conflict’s looming costs haven’t been fully captured in the latest price data.
Inflation rose to 2.8 per cent in April, Statistics Canada…

BC Will be Under Pressure to Lower Carbon Pricing to Match Alberta

May 19, 2026 by EnergyNow Media

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By Nelson Bennett Prime Minister Mark Carney and Danielle Smith were all smiles last week when they signed a new agreement setting the price for industrial carbon taxes in Alberta. Pipeline and $20 billion carbon capture project to follow. At least that’s the plan. But the folks who would actually pay for all this – … Read more

FROM CARACAS TO CALGARY: How Venezuela’s Democratic Hopes and Oil Reserves Could Reshape Canada’s Energy Future – Kasha Piquette

May 19, 2026May 19, 2026 by EnergyNow Media

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By Kasha Piquette When I landed in Venezuela earlier this month, I expected the usual signs of a country caught between collapse and possibility. Instead, I found something harder to measure but impossible to miss, like energy, warmth and ambition. I know what a society in transition feels like. I was born in Poland behind … Read more

ENERGY URGENCY: Canada Should Build Energy Security Before Next Crisis Hits

May 19, 2026May 19, 2026 by EnergyNow Media

By: Joseph Quesnel Recent problems at the Strait of Hormuz reveal stark realities about Canada’s energy security. The U.S. Energy Information Administration reports 20 to 21 million barrels per day—roughly 21 per cent of global petroleum—pass through this chokepoint. Rising tensions and Iranian threats highlight how vulnerable global energy markets remain. When drone attacks struck Saudi Arabia’s … Read more

Record Oil Draw From US Emergency Reserve Drives Total Volumes to Two-Year Low

May 18, 2026 by EnergyNow Media

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HOUSTON (Reuters) – A record 9.9 million barrels of oil were shipped out from the U.S. Strategic Petroleum Reserve last week, data from ‌the Department of Energy showed on Monday, pushing the total volumes in the U.S. government’s emergency stash to about 374 million barrels, its lowest since July 2024. The Trump administration is … Read more

Venezuela Oil Officials Set to Make Rare Appearance at Houston Area Energy Conference

May 18, 2026 by EnergyNow Media

Venezuela’s Oil Minister Paula Henao reacts at Miraflores Palace in Caracas, Venezuela, March 13, 2026. REUTERS/Gaby Oraa Summary Venezuela’s new oil minister, Paula Henao, to meet US oil firms US plans $100 billion investment to revive Venezuela’s oil sector after Maduro’s ouster US officials stress Venezuela’s key role in Western Hemisphere energy security HOUSTON (Reuters) … Read more

Opaque Oil Deals Around Hormuz Test the Petrodollar: Bousso

May 18, 2026 by EnergyNow Media

The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming nations turn to increasingly opaque deals with Tehran and Gulf producers to secure supplies. Since the outbreak of the war on February 28, roughly a fifth of global … Read more

IEA Chief Warns Commercial Oil Inventories are Depleting Rapidly, Only Weeks Left

May 18, 2026 by EnergyNow Media

Birol, who is participating in the Group of Seven finance leaders meeting in Paris, told reporters that the release of strategic oil reserves had added 2.5 million barrels of oil per day to the market, but said these reserves “are not endless”. The onset of the spring planting and summer ⁠travel seasons in the northern hemisphere … Read more

MASSIVE DEAL: NextEra Energy Strikes $66.8 Billion Deal for Dominion in Bets on AI Power Demand

May 18, 2026 by EnergyNow Media

May 18 (Reuters) – NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world’s largest regulated electric utility by market value, as U.S. utilities race to meet surging demand from data centers fuelling the artificial intelligence boom. The deal, one of the largest in the U.S. power industry, adds … Read more

Prospera Announces Operations Update and May Conference Call

May 18, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 18, 2026) – Prospera Energy (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“) is pleased to provide an operational update across its core Saskatchewan heavy oil portfolio, announce its May 2026 Corporate Update Conference Call, and highlight continued industry recognition through its participation in The Energy Year – Canada … Read more

NOW WHAT? VARCOE COMMENTARY: Alberta, Ottawa Have Their Pipeline Deal, but Industry Will Still Have Say With Massive Carbon Capture Project

May 21, 2026May 18, 2026 by EnergyNow Media

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Negotiations are set to ramp up between both governments and the Oil Sands Alliance on a multibillion-dollar Pathways carbon capture network in northern Alberta By Chris Varcoe • Calgary Herald This Article & More by Chris Varcoe Here From pipe dream to a real prospect, Alberta’s ambitious proposal to see a new oil artery built to the Pacific … Read more

Oil Touches Two-Week High After Drone Attack on UAE Nuclear Power Plant

May 18, 2026May 18, 2026 by EnergyNow Media

Summary UAE reports drone attack on Barakah nuclear power plant Saudi Arabia intercepts three drones from Iraqi airspace Trump expected to discuss military options on Tuesday US allows lapse of sanctions waiver on Russian seaborne oil (Reuters) – Oil prices extended gains on Monday, driven by increasingly bleak prospects ‌for peace in the Middle East … Read more

Why Analog Pressure Gauges Still Matter in Oil & Gas Pressure Monitoring

May 18, 2026May 18, 2026 by EnergyNow Media

In today’s oil and gas facilities, digital instrumentation plays a major role in how operators monitor, control, and optimize their processes. Pressure transmitters send critical data back to control rooms, automation systems, and remote monitoring platforms, allowing teams to track conditions across complex operations. But even with advanced electronic monitoring, there is still an important … Read more

FEATURE: TrueFlow Technologies DIP Multiphase Flow Meter – Unique & Disruptive Technology Offering Accurate and Reliable Measurement Across All Well Flow Regimes

May 21, 2026May 18, 2026 by EnergyNow Media

TrueFlow Technologies is a newly incorporated company with proven & ground-breaking technology that focuses solely on the multiphase flow measurement market as it relates to the Oil & Gas industry. The DIP Multiphase Flow Meter is a unique & disruptive technology offering accurate and reliable measurement across all well flow regimes. Whether the well is … Read more

Economists Expect Inflation Topped 3% in April as Gas Prices Soared

May 18, 2026May 18, 2026 by The Canadian Press

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Economists expect the annual pace of inflation topped three per cent for the first time since 2023 in April as Statistics Canada’s consumer price index reflects the full weight of the Iran war energy shock.
The agency is set to publish fresh inflation…

Five Things to Watch for in the Canadian Business World in the Coming Week

May 18, 2026May 18, 2026 by The Canadian Press

Five things to watch for in the Canadian business world in the coming week:
Inflation
Statistics Canada will release its April reading for inflation on Tuesday when it publishes its consumer price index for the month. The annual rate of inflation rose…

UAE Says OPEC, OPEC+ Exit Was Sovereign Strategic Decision, Not a Political Move

May 16, 2026 by EnergyNow Media

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UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move DUBAI, May 16 (Reuters) – The United Arab Emirates’ decision to withdraw from OPEC and OPEC+ was a sovereign and strategic ‌choice based on a comprehensive assessment of its production policy and future capabilities, the UAE energy minister, Suhail Al Mazrouei, said on … Read more

Oil Sands Alliance Statement on Canada and Alberta Agreement

May 16, 2026 by EnergyNow Media

CALGARY, AB, May 15, 2026 /CNW/ – Today the Alberta and Canadian governments announced their bi-lateral agreement on the implementation of a revised industrial carbon tax and other matters related to their November 27, 2025 Memorandum of Understanding (the “MOU”). Oil Sands Alliance appreciates the further clarity of that agreement and is reviewing it carefully. The announced industrial … Read more

CAPP Response to the Advancement of the Canada-Alberta MOU and Industrial Carbon Pricing Framework

May 16, 2026 by EnergyNow Media

Statement from Lisa Baiton, CAPP President & CEO: “CAPP shares the priorities outlined by Prime Minister Carney and Premier Smith in the Canada-Alberta Memorandum of Understanding (MOU) to grow oil and natural gas production, build new export infrastructure, protect our competitiveness, and lower emissions. Canadians understand the urgency and speed with which we must move to face the twin challenges of a historic energy crisis and the rapid shifting of our … Read more

THE FULL SPECTRUM: Reactions to the Alberta-Ottawa Agreement on Carbon Pricing, Pipeline Plans

May 18, 2026May 16, 2026 by The Canadian Press

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Shovels could hit the ground on a new West Coast oilsands pipeline as early as September 2027, the federal and Alberta governments said Friday, after they announced a plan to gradually increase the province’s effective industrial carbon price to at le…

S&P/TSX Composite Ends More Than 400 points Lower, U.S. Stock Markets Also Fall

May 16, 2026May 15, 2026 by The Canadian Press

Markets in Toronto and New York retreated on Friday as rising global oil prices and fears of higher inflation shook the global bond market.
“Rising bond yields from Japan to North America were one of the major headwinds for equity markets around the g…

Carbon Tax Hike Bad Deal for Alberta Taxpayers

May 15, 2026 by EnergyNow Media

OTTAWA, ON: The Canadian Taxpayers Federation is sounding the alarm over today’s Canada-Alberta Implementation Agreement for hiking the industrial carbon tax. “Politicians should be getting rid of carbon taxes, not hiking them,” said Franco Terrazzano, CTF Federal Director. “It doesn’t matter how politicians dress up their carbon taxes, all carbon taxes make life more expensive and make Canadian … Read more

Prime Minister’s Office: Canada and Alberta Strike Agreement to Diversify Our Exports, Reduce Emissions, and Build a Stronger Economy

May 15, 2026 by EnergyNow Media

CALGARY, AB, May 15, 2026 /CNW/ – The world is changing rapidly. In response, Canada’s new government is focused on what we can control: building an affordable, competitive, and sustainable Canadian economy. To that end, we must build our strength at home and diversify our export markets abroad. To advance these shared missions, in November, Canada and … Read more

US Drillers Add Oil/Gas Rigs for Fourth Week in a Row, Says Baker Hughes

May 15, 2026 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since September 2025, 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 three … Read more

Prime Minister Mark Carney and Premier Danielle Smith Announce MOU Implementation Agreement, Moving a West Coast Oil Pipeline Forward

May 18, 2026May 15, 2026 by EnergyNow Media

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Summary Agreement Signing: The implementation agreement for the West Coast oil pipeline signed today, outlines a pathway to construction beginning as early as September 01, 2027. Pipeline Submission: Alberta will submit the comprehensive pipeline proposal to the Federal Major Projects Office (MPO) by July 01, 2026.(Canada Day). Project Designation: Canada will pursue national interest designation … Read more

New Alberta–Ottawa Agreement Aims to Streamline Project Reviews, Boost Investment

May 15, 2026 by EnergyNow Media

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Q&A with Brad Gilmour, Osler, Hoskin & Harcourt LLP By Deborah Jaremko Oil and gas drilling in central Alberta, fall 2025. Photo supplied to the Canadian Energy Centre A new agreement between Alberta and Ottawa aims to address long-standing concerns about how major projects including oil sands, pipelines and carbon capture are reviewed. It supports recently introduced provincial … Read more

Exxon Mobil Not Liable to Investors Over Canadian Oil Sands, Gas Assets, Jury Says

May 15, 2026 by EnergyNow Media

May 14 (Reuters) – A Texas jury on Wednesday found Exxon Mobil (XOM.N) not liable on claims it defrauded ‌investors through disclosures tied to its Canadian oil sands and Rocky Mountain gas operations. The 2016 lawsuit alleged Exxon concealed that ⁠its Canadian bitumen operations were losing money, failed to properly incorporate carbon-cost assumptions into reserve … Read more

Oil Prices Up More Than 3% as Fears of Renewed US-Iran Combat

May 16, 2026May 15, 2026 by EnergyNow Media

Summary Brent and WTI set for hefty weekly gains More vessels have been crossing Strait of Hormuz Ship attacks and seizures remain a worry Trump says he is running out of patience with Iran Iran says it is prepared to resume fighting (Reuters) – Oil prices gained more than 3% on Friday, climbing over $3 … Read more

UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027

May 15, 2026 by EnergyNow Media

The UAE and Saudi Arabia are the only major Gulf oil producers able to get significant quantities to market during the war By Anthony Di Paola The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping … Read more

Transat Says High Fuel Prices Added $70 Million in Costs for March and April

May 15, 2026May 15, 2026 by The Canadian Press

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Transat AT Inc. says high jet fuel prices added $70 million in additional costs for March and April compared with the same months last year.
The travel company says fuel surcharges have only marginally offset the higher costs because a large portion o…

Trump Discussed Sanctioned Chinese Oil Refiners With Xi, Considering Lifting Bans

May 15, 2026 by EnergyNow Media

(Reuters) – President Donald Trump said on Friday he ‌discussed Chinese oil companies that have been sanctioned for buying Iranian oil and will make a decision about whether ⁠to lift bans in the next few days. The U.S. recently imposed sanctions on several Chinese oil refiners for buying Iranian oil, including Hengli Petrochemical, one of … Read more

A PIPELINE DATE? COMMENTARY – BELL: CARNEY AGREES! Septemeber 1, 2027 – Approval for Construction of Alberta’s West Coast Pipeline

May 15, 2026 by EnergyNow Media

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The Carney-Smith deal to be announced on Friday is said to include good news for a pipeline to the west coast By Rick Bell This Article and More by Rick Bell Here We have it. A date. Voices are saying there is a date. The federal government agrees to a date and they commit to using … Read more

Minister Hodgson completes successful B.C. trip focused on advancing nation-building in partnership with Indigenous Peoples

May 15, 2026 by EnergyNow Media

VANCOUVER, BC, May 15, 2026 /CNW/ – Canada is embarking upon a once-in-a-generation era of building a stronger, more secure, more sovereign nation. This offers a historic opportunity to advance reconciliation and fundamentally transform our relationship with Indigenous Peoples through collaboration, consultation and a focus on placing Indigenous ownership at the heart of natural resource development. British … Read more

StatCan Says Energy Prices Help Boost March Manufacturing Sales Three Per Cent

May 15, 2026May 15, 2026 by The Canadian Press

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Statistics Canada says manufacturing sales rose three per cent in March to $73.6 billion, the highest level since January last year, boosted by higher energy prices.
The agency says sales rose in nine of the 21 subsectors it tracks, led by the petrole…

Prairie Provident Resources Announces First Quarter 2026 Results

May 15, 2026 by EnergyNow Media

CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the first quarter of 2026. The Company’s interim financial statements for the three months ended March 31, 2026 and related Management’s Discussion and Analysis (“MD&A”) are available on the Company’s website at www.ppr.ca and … Read more

Source Rock Royalties Declares Monthly Dividend and Provides Updated Corporate Presentation

May 15, 2026 by EnergyNow Media

Not for distribution to U.S. news wire services or dissemination in the U.S. CALGARY, AB, May 15, 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 that its board of directors has declared a monthly dividend of $0.0065 … Read more

Rubellite Energy Corp. Announces Election of Directors

May 15, 2026 by EnergyNow Media

CALGARY, AB, May 14, 2026 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”) is pleased to announce that the nominees listed in the management proxy circular dated March 27, 2026, were elected as directors of Rubellite. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier … Read more

Bonterra Energy Announces First Quarter 2026 Results and Operations Update

May 15, 2026 by EnergyNow Media

CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) — Bonterra Energy Corp. (TSX: BNE; OTCID: BNEFF) (“Bonterra” or the “Company”), a Calgary based oil and gas producer, is pleased to announce its financial and operating results for the three months ended March 31, 2026. Bonterra delivered $23.5 million in funds flow ($0.64 per fully diluted share) and brought … Read more

Enhanced Investment Co-operation Advances Efforts Around LNG Canada’s Proposed Phase 2 Expansion

May 15, 2026 by EnergyNow Media

VANCOUVER, BC, May 14, 2026 /CNW/ – Today, the Government of Canada, the Government of British Columbia and LNG Canada reached agreement on enhanced investment co-operation and actions to collectively progress closure of final items to support a potential 2026 Final Investment Decision (FID) of LNG Canada’s proposed Phase 2 expansion, a key national and provincial priority project, … Read more

NO RELIEF IN SIGHT – Gas Prices Poised to Stay High All Summer, Upending Budgets and Travel

May 15, 2026May 15, 2026 by The Canadian Press

Since gas prices started climbing in March, Sarah Bradley has found herself bargain hunting across multiple grocery stores in Montreal.
“Before, I’m a one-stop shop person,” she said. “Now I think twice. I’m like, OK, do I need that from IGA or can I …

Carney, Smith Set to Make Energy Announcement in Calgary; Carbon Price Deal Expected

May 15, 2026May 15, 2026 by The Canadian Press

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Prime Minister Mark Carney and Alberta Premier Danielle Smith are to meet today in Calgary, where they’re expected to announce an agreement on the future of industrial carbon emission pricing in the province.
A source with knowledge of the discussions…

Journey Announces Disposition of Non-Core Assets

May 14, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 14, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce it has entered into a definitive agreement with a private company for the disposition of its Countess assets (the “Assets“) for total cash consideration of $7 million, subject to customary closing adjustments. … Read more

Enterprise Group Announces Results for the First Quarter 2026

May 15, 2026May 14, 2026 by EnergyNow Media

St. Albert, Alberta–(Newsfile Corp. – May 14, 2026) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier … Read more

DECISION BY YEAR’S END – LNG Canada to Make Decision on Phase 2 Expansion by End of Year, Resource Minister Hodgson Says

May 15, 2026May 14, 2026 by EnergyNow Media

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(Reuters) – The proponents behind LNG Canada will make a final investment decision on whether to go ahead with a proposed second phase expansion ‌of the project by the end of this year, Canada’s Natural Resources Minister said Thursday. The Canadian government is working together with British Columbia and the Shell-led LNG Canada to … Read more

B.C., Feds Tout ‘Milestone’ as Final LNG Investment Decision Expected by End of 2026

May 14, 2026May 14, 2026 by The Canadian Press

British Columbia Premier David Eby says he’s hopeful that LNG Canada will come to a final investment decision at the end of the year that will be the “largest private sector investment in Canadian history.”
Eby and other provincial officials, along wi…

Discount on Western Canada Select Narrows

May 14, 2026 by EnergyNow Media

(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for June delivery in Hardisty, Alberta settled at $15.30 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.85 on Wednesday. While the discount has narrowed since the start … Read more

Frequent Visits to Persian Gulf Show Carney’s Ambition Goes Beyond Seeking Investment

May 14, 2026May 14, 2026 by The Canadian Press

The Carney government is putting a new emphasis on diplomacy with Persian Gulf countries — one that goes beyond seeking investments in Canada to arrangements touching on defence and artificial intelligence.
Foreign Affairs Minister Anita Anand made tr…

Carney, Smith Confirm Energy Announcement Coming Friday

May 14, 2026May 14, 2026 by The Canadian Press

Prime Minister Mark Carney and Alberta Premier Danielle Smith say they’ll be in Calgary on Friday to announce the next step in their landmark energy pact.
Carney says it will feature an implementation agreement on industrial carbon pricing and advance…

Discussion Paper Floats Ways Ottawa Can Help Fund Giant Electrical Grid Buildout

May 14, 2026 by The Canadian Press

Clean energy advocates say they’re encouraged Ottawa’s upcoming electricity strategy will consider ways government can help finance a massive cross-country buildout in power infrastructure.
A discussion paper laying out the broad strokes of the plan s…

Carney Says Canada, Alberta Will Advance a Potential Crude Oil Pipeline

May 14, 2026 by EnergyNow Media

(Reuters) – Canada and the energy-producing province of Alberta will meet on Friday and advance a potential pipeline to transport at least one million barrels of Alberta oil a day to new markets, Prime Minister Mark Carney said on Thursday. Carney, speaking to reporters, also confirmed an earlier Reuters report which said he would also … Read more

Prime Minister Carney Announces Forthcoming National Electricity Strategy

May 14, 2026 by EnergyNow Media

OTTAWA, ON, May 14, 2026 /CNW/ – The world is changing rapidly. The United States is upending global trade, wars are ongoing in Europe and the Middle East, artificial intelligence is scaling at speed, and climate change is intensifying. In response, Canada’s new government is focused on what we can control: building an affordable, competitive, and sustainable … Read more

Global Energy Show Canada 2026 to Deliver Significant Economic Impact for Calgary and Area

May 14, 2026 by EnergyNow Media

International energy leaders to converge in Calgary, driving millions in economic activity, boosting tourism and reinforcing the region’s role as a global energy hub CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) — Global Energy Show Canada 2026, hosted by dmg events, returns to Calgary from June 9-11, 2026, bringing substantial economic impact to the city and province … Read more

PM Mark Carney Pushes New Clean Electricity Strategy to Expand Grid, Lower Costs

May 15, 2026May 14, 2026 by The Canadian Press

The federal government is planning to adjust the clean electricity regulations to give more flexibility to LNG power plants and help to double Canada’s electricity grid by 2050.
Prime Minister Mark Carney on Thursday unveiled Canada’s long-awaited cle…

Keyera Reports $122M First-Quarter Loss, Revenue Down From a Year Ago

May 14, 2026May 14, 2026 by The Canadian Press

Keyera Corp. reported a loss of $122 million in its latest quarter as it saw a large unrealized non-cash loss associated with risk management contracts.
The company says the loss amounted to 53 cents per share for the quarter ended March 31 compared w…

Keyera Announces 2026 First Quarter Results

May 14, 2026May 14, 2026 by EnergyNow Media

CALGARY, AB, May 14, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) today announced its results for the first quarter ended March 31, 2026. To view Management’s Discussion and Analysis (the “MD&A”) and financial statements, visit either Keyera’s website or its filings on SEDAR+ at www.sedarplus.ca. “Keyera’s first quarter results reflect continued execution of our strategy to extend our integrated … Read more

Highwood Asset Management Ltd. announces first quarter 2026 results, and operational update

May 14, 2026 by EnergyNow Media

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES CALGARY, AB, May 14, 2026 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce its financial and operating results for the three months ended March 31, 2026 and to provide an operational update. The Company also announces that its unaudited interim consolidated … Read more

U.S. Officials Flag Prospect of Chinese Energy Purchases After Trump-Xi Meeting

May 14, 2026 by EnergyNow Media

(Reuters) – U.S. officials raised the prospect of China buying more American energy after Presidents Donald Trump and Xi Jinping held talks in Beijing on ‌Thursday. The White House said Xi expressed interest in buying more U.S. oil to reduce China’s dependence on the Strait of Hormuz in a readout of the two-hour-plus summit … Read more

Oil Prices Flat After Iran Says Dozens of Vessels are Crossing Hormuz

May 14, 2026 by EnergyNow Media

Summary Trump, Xi begin Beijing talks with trade truce, Iran war in focus China- and Japan-linked oil tankers pass through Hormuz (Reuters) – Oil prices were flat, having erased some earlier gains, on Thursday after Iran’s state media said about 30 vessels had ‌crossed the Strait of Hormuz in recent hours while the semi-official Fars … Read more

Discount on Western Canada Select Narrows

May 14, 2026 by EnergyNow Media

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed slightly on Wednesday. WCS for June delivery in Hardisty, Alberta settled at $15.85 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.90 on Tuesday. * While the discount has narrowed since the start … Read more

The Evolving Role of Video in Energy Operations: Insights from the Axis Perspectives Report

May 14, 2026 by EnergyNow Media

By Jason Chiu AXIS D2123-VE monitoing a solar field Energy operations are often defined by environments that are remote, complex, and difficult to access. From pipelines that span vast geographies to well sites and processing facilities operating under demanding conditions, maintaining consistent awareness is not just a technical challenge – it is an operational requirement. … Read more

PERSPECTIVE: ‘Extraordinarily Innovative’ Oil Sector Can Weather Increased Carbon Price: ATCO CEO

May 14, 2026May 14, 2026 by The Canadian Press

The chief executive of ATCO Ltd. says she believes the energy sector can weather an increase in the carbon price, a move some business leaders have said would hurt Canada’s competitive position on the world stage.
“None of us want to have additional …

Carney to Visit Calgary on Friday to Announce Industrial Carbon Pricing Deal

May 14, 2026May 14, 2026 by EnergyNow Media

Canadian Prime Minister Mark Carney will visit Calgary on Friday to announce details of a new deal with Alberta on industrial carbon pricing, a provincial government source and an industry source with knowledge of the plan. Canada and its main oil-producing province of Alberta are on the cusp of a deal to increase the effective … Read more

WIND POWER: Energy Minister Dix Says Four New Windfarms Will Power B.C.’s Energy Sovereignty

May 14, 2026May 14, 2026 by The Canadian Press

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The minister responsible for energy and climate change solutions in British Columbia says four new windfarms will strengthen the province’s energy sovereignty at a time of rising costs and uncertainty.
Adrian Dix says three projects in the province’s …

INSIGHT: Alberta is Building the Energy Machine. The Question is Whether BC Shows Up to Run It – Stewart Muir

May 15, 2026May 14, 2026 by EnergyNow Media

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The Smith-Carney pipeline MOU, the carbon price fight, the BRIK gambit, and what it all means for British Columbia’s resource economy. By Stewart Muir Danielle Smith walked out of her meeting with Mark Carney last week and changed one word. “If” became “when.” The pipeline memorandum of understanding, signed in November, is moving toward finalization. A … Read more

US Upstream Oil and Gas Dealmaking Hit Two-Year High in Q1 2026

May 13, 2026 by EnergyNow Media

By Georgina Mccartney HOUSTON, May 13 (Reuters) – Dealmaking in the U.S. upstream oil and gas sector jumped to $38 billion in the first quarter of this year, marking the highest quarterly total in two years, analytics firm ‌Enverus said on Wednesday. Shale producer Devon (DVN.N) and smaller rival Coterra closed on their merger last … Read more

Keyera Announces Quarterly Dividend and Second Quarter of 2026 Distribution

May 13, 2026 by EnergyNow Media

CALGARY, AB, May 13, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today its quarterly cash dividend for the second quarter of 2026 will be $0.54 per common share and will be payable on June 30, 2026, to shareholders of record on June 15, 2026. The ex-dividend date is June 15, 2026. This dividend is an eligible dividend … Read more

Birchcliff Energy Ltd. Announces Strong Q1 2026 Results and Declares Q2 2026 Dividend

May 13, 2026 by EnergyNow Media

CALGARY, Alberta, May 13, 2026 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2026 financial and operational results. Birchcliff is also pleased to announce that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.03 per common share for the quarter ending June … Read more

TSX Falls Nearly 250 Points, U.S. Markets Post Mixed Results as Big Tech Stocks Gain

May 13, 2026May 13, 2026 by The Canadian Press

Canada’s main stock index fell on Wednesday, while U.S. markets were mixed as large tech stocks south of the border saw gains.
“The divergence is what we’ve seen for a while now. It’s the AI and tech story in the U.S. that’s dominating. Semiconductors…

Feds, Alberta Nearing Deal on $130/Tonne Industrial Carbon price by 2040: Source

May 13, 2026May 13, 2026 by The Canadian Press

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Ottawa and Alberta are closing in on a deal on industrial carbon pricing.
A source with knowledge of the discussions who was not authorized to speak publicly about them tells The Canadian Press the two governments expect to announce an effective carbo…

Energy Sector Investment, Exchange Rate Factors in Possible Bank of Canada Rate Hikes

May 13, 2026May 13, 2026 by The Canadian Press

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The Bank of Canada’s governing council says it’s weighing a range of different paths for its benchmark interest rate to cope with inflation risks from the Iran war.
On Wednesday, the central bank released the summary of deliberations that led to its d…

U.S. Upstream M&A Hits $38 Billion in 1Q26 Before Volatility Temporarily Pauses the Market

May 13, 2026 by EnergyNow Media

Higher oil prices set to trigger wave of deals as private sales accelerate CALGARY, Alberta (May 13, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its summary of recent U.S. upstream M&A activity and market outlook, highlighting a strong start to 2026 followed by a volatility-driven … Read more

OPEC Cuts 2026 Global Oil Demand Growth Forecast

May 13, 2026 by EnergyNow Media

Summary OPEC cuts Q2 oil demand forecast by further 500,000 bpd amid Iran war impact OPEC+ output drops by 1.74 million bpd in April on Hormuz closure Raises 2027 demand growth prediction by 200,000 bpd to 1.54 million bpd (Reuters) – OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining … Read more

Peyto Reports Record First Quarter 2026 Results and 9% Dividend Increase

May 13, 2026May 13, 2026 by EnergyNow Media

CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to report record operating and financial results for the first quarter of 2026, and a $0.01 per share (9%) increase to its monthly dividend. Q1 2026 Highlights: Peyto delivered record first quarter production volumes of 147,513 … Read more

US EIA Concedes Middle East Supply Disruptions are Far Worse Than Prior Estimates

May 13, 2026 by EnergyNow Media

Reuters The U.S. Energy Information Administration on Tuesday revised its earlier forecasts to reflect a much bigger and lengthier hit to global oil supplies from the Iran war than it previously projected, highlighting the uncertainty that has roiled broader energy markets since the conflict began three months ago. Energy analysts have found it difficult to … Read more

Global Oil Supply to Plunge Below Demand This Year Due to Iran War, IEA says

May 13, 2026 by EnergyNow Media

Summary Supply losses from Gulf producers exceed 1 billion barrels, IEA reports IEA forecasts market to remain undersupplied through Q3 2026 even if conflict ends soon IEA sees 2026 global oil supply falling 3.9 million bpd due to ongoing war IEA estimates 246 million barrel inventory drawdown in March and April (Reuters) – Global oil … Read more

Oil Little Changed as Trump Heads to China

May 13, 2026 by EnergyNow Media

Summary Oil prices remain above $100 per barrel Investors await Trump-Xi meeting in Beijing US inflation posts largest gain in three years (Reuters) – Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stakes summit in Beijing between U.S. President Donald Trump and China’s Xi Jinping. Brent crude futures were up 23 … Read more

The Future of Hazardous Area Inspections is Autonomous

May 13, 2026May 13, 2026 by EnergyNow Media

As the oil and gas industry faces aging infrastructure, tightening emissions regulations, and a growing skilled labor shortage, one question is defining the next decade of operations: how do you inspect what you can’t safely reach? Microwatt Controls is heading to the Energy and Drone Summit this June with an answer, and it is the only one … Read more

Trans Mountain and its Federal Parent See Case for Ottawa Owning Pipeline for Good

May 13, 2026May 13, 2026 by The Canadian Press

The leaders of Trans Mountain Corp. and the federal agency that oversees the Crown corporation say it’s possible Ottawa will own the Alberta-to-B.C. pipeline indefinitely.
Mark Maki, the president and CEO of Trans Mountain, says it’s a “sovereign pip…

WATCH: 3 MINUTE HISTORY CANADA – Leduc Changes Everything: The 1947 Strike That Changed Canada Forever

May 13, 2026May 13, 2026 by EnergyNow Media

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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 — starting with the one that started it all. This week’s exclusive episode drops you right into the bitter Alberta winter of February 1947. After … Read more

Report Details Flaring Equipment Problems, Emissions Exceedances at LNG Canada

May 13, 2026May 13, 2026 by The Canadian Press

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An emissions report LNG Canada filed to the BC Energy Regulator details operational issues at the plant in March as it continued to surpass the amount of gas it is allowed to burn off through flaring.
The report was obtained by University of Victor…

The Battle for Hormuz Risks Sparking the Next Iran Clash: Bousso

May 13, 2026May 13, 2026 by EnergyNow Media

(Reuters) – The Strait of Hormuz has emerged as the central battleground of the Iran conflict. The passage of a handful of oil and gas tankers in recent days, apparently with Tehran’s consent, hints at tacit acceptance of its control. This foreshadows a more dangerous phase in what is fast turning into a Hormuz war. … Read more

Keyera Closes Plains Deal Despite Challenge by Federal Competition Regulator

May 13, 2026May 13, 2026 by The Canadian Press

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Keyera Corp. has closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator.
The company says it completed the acquisition Tuesday for…

FRIDAY’S “MOU” FACEOFF – What is it Going to Be? A “Grand Bargain” or a Regulatory Policy Calamity for Alberta Energy Producers? – Ron Wallace

May 14, 2026May 13, 2026 by EnergyNow Media

By Ron Wallace “The big problem for a new oil pipeline isn’t getting B.C. or First Nations acceptance. Rather it’s smothering the industry’s competitiveness by layering on carbon pricing and decarbonization costs that most competing countries don’t charge.” Jack Mintz. Under the Memorandum of Understanding (MoU) signed November 27, 2025, Alberta agreed, among other things, … Read more

COMMENTARY: Ottawa Should Scrap West Coast Offshore Tanker Ban for Sake of Canada’s Economy – Kenneth Green

May 13, 2026May 13, 2026 by EnergyNow Media

There never was a legitimate reason for the tanker ban in the first place. Kenneth Green On May 26, private member’s Bill C-264 is up for debate in the House of Commons. The bill is short and sweet, with a single proposed action: “The Oil Tanker Moratorium Act, Chapter 26 of the Statutes of Canada, … Read more

Discount on Western Canada Select Widens

May 13, 2026May 13, 2026 by EnergyNow Media

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for June delivery in Hardisty, Alberta, settled at $15.95 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, 15 cents lower than Friday’s close. * While the discount has narrowed since the start … Read more

RANKED: The Top Crude Oil Producers in 2025 – Visual Capitalist – See Where Canada Ranks

May 13, 2026May 13, 2026 by EnergyNow Media

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By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing … Read more

Freehold Royalties Announces First Quarter 2026 Results

May 12, 2026 by EnergyNow Media

CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2026. First Quarter Highlights Total production of 15,533 boe/d(1) including crude oil and natural gas liquids production of 10,136 bbls/d, representing a 65% liquids weighting in the quarter; Revenue of $78 million … Read more

Logan Energy Corp. Announces First Quarter 2026 Results, Provides an Operations Update and Upcoming Board Appointment

May 12, 2026 by EnergyNow Media

CALGARY, AB, May 12, 2026 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2026 and to provide an operations update. Selected financial and operational information set out below should be read in conjunction with the Company’s unaudited condensed interim financial … Read more

TSX Rises on Energy Stocks, U.S. Markets Mixed Following Key Inflation Data

May 12, 2026May 12, 2026 by The Canadian Press

Markets in North America were mixed on Tuesday as U.S. inflation data spurred a rotation away from the technology sector while higher oil prices benefited Canadian energy stocks.
“As investors are spooked by inflation fears, they’ve taken profits f…

Iraq, Pakistan Strike Energy Deals With Iran as Tehran Flexes Hormuz Control

May 12, 2026 by EnergyNow Media

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(Reuters) – Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran’s ability to control energy flows through the Strait of Hormuz. The U.S.-Israeli war with Iran has slashed energy exports from … Read more

Download the Executive Conference Program | Global Energy Show Canada | June 9 –11, Calgary

May 12, 2026 by EnergyNow Media

From Positioning to Building In the past twelve months, Canada loaded its first LNG cargo at Kitimat, advanced a federal-Alberta corridor agreement to open a new Pacific export route, and established the Canada Strong Fund, the nation’s first sovereign wealth fund, with a $25 billion federal commitment to co-invest alongside private capital. Enbridge’s $4 billion … Read more

Keyera Announces Closing of Acquisition of Plains’ Canadian NGL Business

May 12, 2026 by EnergyNow Media

CALGARY, AB, May 12, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “Company”) today announced the closing of its previously announced acquisition of substantially all of Plains’ Canadian natural gas liquids (“NGL”) business (the “Transaction”) for $5.3 billion including closing adjustments. “This is a significant milestone for Keyera and marks the successful completion of a highly strategic … Read more

Plains All American Pipeline and Plains GP Holdings Announce Completion of Canadian NGL Divestiture

May 12, 2026 by EnergyNow Media

HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) completed the previously announced sale of all of the issued and outstanding shares of Plains Midstream Canada ULC, the PAA subsidiary that owns substantially all of PAA’s natural gas liquids (NGL) business (the “Canadian NGL Business”) to Keyera … Read more

China’s Commodity Imports Show Hormuz Impact as Oil Slides, Metals Rise: Russell

May 12, 2026 by EnergyNow Media

(Reuters) – The Iran war is starting to shape China’s imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals. The headline-grabbing number from the figures released last week by customs was the slide in arrivals of crude oil, with the world’s biggest importer taking in … Read more

Parex Resources Positioned to Become Colombia’s Largest Independent Oil & Gas Producer, Provides Step-Change Guidance, Reports Q1 2026 Results, and Declares Q2 2026 Dividend

May 12, 2026 by EnergyNow Media

CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that the Company is poised to become Colombia’s largest independent oil and gas producer and to provide new corporate guidance. Additionally, the Company reports its financial and operating results for the three-month period ended … Read more

Calfrac Reports First Quarter 2026 Results

May 12, 2026 by EnergyNow Media

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CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2026. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at March 31, … Read more

Top Asian LNG Markets Boost Coal Use as Iran War Limits Supply

May 12, 2026 by EnergyNow Media

(Reuters) – Major Asian liquefied natural gas (LNG) importers Japan and South Korea ramped up coal-fired power generation in April and into early May, market data showed, as the Iran war disrupted supplies of the super-chilled fuel and boosted prices. Japan’s gas-fired power supply hit two-year lows in April and South Korea’s dropped to six-month … Read more

Oil Prices Jump on Latest US-Iran Peace Process Impasse

May 12, 2026 by EnergyNow Media

Summary Iran demands compensation for war damage Reiterates sovereignty over Strait of Hormuz U.S. crude inventories likely to have fallen, poll shows Trump meeting with China’s Xi in focus (Reuters) – Oil prices rose by more than 3% on Tuesday as stark ‌differences between the U.S. and Iran on a proposal to end the war … Read more

Ovintiv Reports First Quarter 2026 Financial and Operating Results

May 12, 2026 by EnergyNow Media

Efficiency, Best-in-Class Inventory, and Clean Balance Sheet Delivering Superior Returns Highlights: Generated first quarter cash from operating activities of $1.1 billion, Non-GAAP Cash Flow of $1.2 billion and Non-GAAP Free Cash Flow of $634 million after capital expenditures of $605 million Produced average first quarter volumes of 679 thousand barrels of oil equivalent per day … Read more

Trican Reports First Quarter Results for 2026 and Declares Quarterly Dividend

May 12, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 11, 2026) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its first quarter results for 2026. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited interim condensed consolidated financial statements and related notes for the … Read more

Paramount Resources Announces First Quarter 2026 Results, Increased Production Guidance and Lower Capex Guidance

May 12, 2026 by EnergyNow Media

CALGARY, AB, May 12, 2026 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce: (i) its first quarter 2026 financial and operating results, (ii) increased 2026 production guidance, which incorporates an earlier expected start-up of the second phase of the Alhambra Plant, and (iii) lower expected 2026 and 2027 capital expenditures, reflecting strong … Read more

COMMENTARY: A Successful MoU Will Require Tens of Billions in Government Support

May 12, 2026May 12, 2026 by EnergyNow Media

By Charles St. Arnaud Chief Economist at Servus Credit Union Key takeaways: The MoU between Canada and Alberta aims to position the country as an energy superpower while achieving net-zero emissions by 2050. In its current form, the strategy rests on three pillars: new pipeline access, increased production, and decarbonization, requiring roughly $90bn in … Read more

PIPELINE POLITICS: Majority Back Westcoast LNG Project; Half Say Ottawa Should be Pushing Harder on the File

May 12, 2026May 12, 2026 by EnergyNow Media

Opposition to pipeline projects in B.C. has dwindled over time The federal approval of Enbridge’s Westcoast LNG pipeline expansion is being met with little public opinion opposition in what is further evidence of the changed landscape on pipelines in British Columbia. New data from the non-profit Angus Reid Institute finds majority support for the Westcoast … Read more

Could Fracking Help Make Nova Scotia an Energy Powerhouse? Its Premier Thinks So

May 12, 2026 by EnergyNow Media

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The province sits on some 7 trillion cubic feet of natural gas, worth billions of dollars, but it banned fracking more than a decade ago By Glenn MacDonald Nova Scotia sits on some seven trillion cubic feet of natural gas, worth billions of dollars, and the premier believes fracking those reserves could help build the … Read more

BELL: DONE! Danielle Smith Expected to Ink MOU Pipeline Deal With Carney by Friday

May 12, 2026May 12, 2026 by EnergyNow Media

A deal between Premier Smith and Prime Minister Carney. Very soon. Book your seat By Rick Bell This Article and More by Rick Bell Here Prime Minister Mark Carney (right) meets with Alberta Premier Danielle Smith in his office in Ottawa on Friday, May 8, 2026 A tip. Don’t head out of town too early … Read more

Trump Says Iran Ceasefire on ‘Life Support’ After Rejecting Tehran’s Response

May 11, 2026 by EnergyNow Media

Trump says Iran ceasefire on ‘life support’ after rejecting Tehran’s response President Donald Trump said on Monday that the ceasefire with Iran was “on life support,” after dismissing Tehran’s response to a U.S. peace proposal as “stupid.” Trump’s swift rejection of Iran’s response on Sunday has fueled concerns that the 10-week-old conflict will drag on … Read more

Strait of Hormuz Disruption Could Push Oil Market Recovery into 2027, Aramco CEO Says

May 11, 2026 by EnergyNow Media

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(Reuters) – Disruption to oil exports via the Strait of Hormuz is threatening to delay the market’s return to normal until 2027, Saudi Aramco CEO Amin Nasser warned on Monday. “The longer the supply disruptions continue, even for another few more weeks, it is going to take a much longer time for the oil market … Read more

JP Morgan Sees Brent Staying in Low $100s Even if Hormuz Reopens in June

May 11, 2026 by EnergyNow Media

(Reuters) – JP Morgan expects Brent crude to remain in the low-$100s for much of 2026, even if the Strait of Hormuz reopens in June, as accelerating inventory draws and logistical bottlenecks keep the oil market tight, the bank said in a note. JP Morgan’s revised framework assumes that the pace of oil inventory depletion … Read more

Aramco Could Reach Oil Production Capacity of 12 Million bpd in Three Weeks if Required, CEO Says

May 11, 2026 by EnergyNow Media

(Reuters) – Saudi state oil giant Aramco could reach a maximum sustainable oil production capacity of 12 million barrels per day in three weeks if required, CEO Amin Nasser said on Monday. He said that the energy supply shock that began in the first-quarter was the largest the world has ever experienced, and that if … Read more

Oil Market Will Lose Around 100 Million Barrels Every Week, if Strait of Hormuz Remains Closed, Aramco CEO Says

May 11, 2026 by EnergyNow Media

(Reuters) – The oil market will lose around 100 million barrels every week, if the disruptions in the Strait of Hormuz continue at the current rate and it remains closed, the CEO of Saudi oil giant Aramco, Amin Nasser, said on Monday. “We expect demand rationing to continue as long as supply remains disrupted through … Read more

OPEC Oil Output Hits New Low in April on Hormuz Export Disruption, Reuters Survey Finds

May 11, 2026 by EnergyNow Media

By Alex Lawler OPEC April output plunges 830,000 bpd Eight OPEC+ producers had pledged to raise output before Iran war forced export cuts Biggest drop is in Kuwait LONDON, May 11 (Reuters) – OPEC oil output dropped further in April to the lowest ‌in more than two decades, a Reuters survey found, as the U.S.-Israeli … Read more

Hormuz Closure Extends Well Beyond Oil to Threaten Chinese EVs: Russell

May 11, 2026 by EnergyNow Media

(Reuters) – Buyers of electric vehicles and consumers of a diet cola in India may seem to be two groups with little in common, but they are both at risk from the fallout from the ongoing closure of the Strait of Hormuz. The longer the narrow waterway remains closed to most vessels the more pronounced … Read more

Second Qatari LNG Tanker Heads Through Hormuz to Pakistan as Iran War Continues, Data Shows

May 11, 2026 by EnergyNow Media

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(Reuters) – A second Qatari liquefied natural gas tanker is transiting the Strait of Hormuz days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks. The vessel, Mihzem, with capacity of 174,000 cubic metres, departed Ras … Read more

Rubellite Energy Corp. Reports First Quarter 2026 Financial and Operating Results, Provides Operations Update and Second Quarter and Full Year 2026 Guidance

May 11, 2026 by EnergyNow Media

CALGARY, AB, May 11, 2026 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”), is pleased to report its first quarter 2026 financial and operating results and provide an operations and guidance update. Select financial and operational information is outlined below and should be read in conjunction with Rubellite’s unaudited condensed consolidated interim financial statements and related Management’s … Read more

Iran Planned for US Blockade’s Effect on Oil Sector, Minister Says

May 11, 2026 by EnergyNow Media

(Reuters) – Iran’s oil sector has faced some issues since the start of a U.S. maritime blockade on Iranian ports, but the oil ministry has taken countermeasures, Iran’s Oil Minister Mohsen Paknejad said on Monday to state TV, without specifying the measures. “During the 40 days of war, our production didn’t decrease and the export … Read more

Oil Rises $3 After Trump Rejects Iran’s Response to US Peace Proposal

May 11, 2026 by EnergyNow Media

Summary Trump calls Iran’s response to U.S. peace proposal ‘unacceptable’ Trump, Xi to discuss Iran among other topics later this week Aramco CEO warns 1 billion barrels lost will slow oil market recovery 3 more tankers exit Strait of Hormuz with trackers switched off (Reuters) – Oil prices rallied on Monday, a day after President Donald … Read more

Rethinking Fire & Gas Detector Placement with Plume-Based Modelling

May 11, 2026 by EnergyNow Media

In the energy industry, fire and gas detection systems are a critical layer of protection. Yet for decades, the placement of detectors has often relied on a mix of experience, rules of thumb, and conservative assumptions. While this approach has worked, it has also led to inconsistencies—sometimes resulting in overdesigned systems, and in other cases, … Read more

PERSPECTIVE – CARNEY’S EUROPEAN EMBRACE – Canada’s Sovereignty for Sale, Red Tape for All – Tammy Nemeth

May 11, 2026 by EnergyNow Media

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Carney calls it ‘pragmatism,’ but deeper EU alignment could bury Canadian farmers, energy producers, and businesses under 170,000 pages of Brussels bureaucracy. By Tammy Nemeth Prime Minister Mark Carney and French President Emmanuel Macron – Image courtesy of Twitter/X Prime Minister Mark Carney made history last week as the first non-European leader invited to the … Read more

How QR Codes and Muddy Boots Connect Are Simplifying Field Operations

May 13, 2026May 11, 2026 by EnergyNow Media

In today’s field environment, efficiency matters. Crews need fast access to the right information, without hunting through paperwork, spreadsheets, emails, or shared drives. That’s where QR Codes in Muddy Boots are changing the game. With Muddy Boots, clients can generate QR Codes for both individual pieces of equipment and sites. One scan provides instant access … Read more

Ranked: The World’s Largest Oil Stockpiles – Visual Capitalist

May 11, 2026May 11, 2026 by EnergyNow Media

By Cody Good | Design Cynthia Tran Vo Key Takeaways China holds an estimated 1.4 billion barrels of strategic crude oil inventory, more than the next nine largest stockpiles combined. The U.S., Japan, and OECD Europe are the next-largest holders, reflecting decades of preparation for major oil supply shocks. Global strategic oil inventories are one … Read more

Trump Saps Some Wind Out of Sails of Nova Scotia Terminal That Handles Turbine Parts

May 11, 2026 by EnergyNow Media

White House’s stance on renewables has ‘taken away a lot of opportunities’ By TJ Colello Operators of a Nova Scotia marshalling yard that stores offshore wind components destined for the United States have a positive outlook despite the Donald Trump administration’s preference for fossil fuels over renewable energy. Atlantic Canada Bulk Terminal is hidden away … Read more

Enbridge CEO Sees Best North American Energy Investment Climate in Over a Decade

May 11, 2026May 11, 2026 by EnergyNow Media

By Amanda Stephenson Enbridge eyes $10-20 billion in new capital investments over next 24 months Company views rival Canadian pipeline proposals as a sign of industry confidence and growth CEO Greg Ebel highlights surge in demand for crude oil export capacity at Ingleside terminal May 8 (Reuters) – The ‌investment climate for energy infrastructure in … Read more

Global Energy Show: The 2026 Executive Conference Program Is Now Live

May 11, 2026May 11, 2026 by EnergyNow Media

Capitalizing Canada’s role in an increasingly competitive global energy system. The global energy system is entering a period of intensified competition for energy security, supply, capital and long-term market access, as recent expansion across LNG, nuclear and export infrastructure moves into its next phase. Investment is concentrating in jurisdictions that can deliver reliable supply, scalable … Read more

COMMENTARY: In 2021, the IEA Told Canada to Stop Oil & Gas Development. Now it Says Start. Cenovus CEO Says it May Be Too Late – Stewart Muir

May 11, 2026May 11, 2026 by EnergyNow Media

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As Fatih Birol reverses a decade of IEA orthodoxy, Cenovus chief Jon McKenzie delivers the sharpest CEO rebuke of Canadian energy policy in years. By Stewart Muir (left) International Energy Agency Executive Director Fatih Birol arrives for an interview with The Associated Press, at the IEA headquarters in Paris, Thursday, April 16, 2026. (AP Photo/Michel … Read more

US, Iran No Closer to Ending War as Gulf Clashes Flare

May 11, 2026May 11, 2026 by EnergyNow Media

The U.S. and Iran appeared no closer this past weekend to finding an end to their war after the two sides traded fire in the Gulf amid a tenuous ceasefire, while a U.S. intelligence analysis concluded Tehran could withstand a naval blockade for months. Recent days have seen the biggest flare-ups in fighting in and … Read more

Putin Says He Thinks the Ukraine Conflict is Coming to an End

May 11, 2026May 11, 2026 by EnergyNow Media

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Russian President Vladimir Putin said on Saturday that he thought the Ukraine conflict was coming to an end. Russia’s 2022 invasion of Ukraine triggered the most serious crisis in relations between Russia and the West since the 1962 Cuban Missile Crisis, when many people feared the world was on the brink of nuclear war. “I … Read more

CANADA IS ONE OF THEM – Half the World’s Oil Comes From Just Five Countries – Visual Capitalist

May 11, 2026May 11, 2026 by EnergyNow Media

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By Niccolo Conte | Design Sam Parker Key Takeaways The U.S. was the world’s largest crude oil producer in 2025 at 13.58 million barrels per day, ahead of Russia (9.87) and Saudi Arabia (9.51). Middle Eastern countries produced 32.1% of global crude oil in 2025. Just five countries produced half of the world’s oil in … Read more

VARCOE: Slow Progress on Energy Pact Risks ‘Letting This Opportunity Pass Canada By,’ Oil Sands Alliance Producers Warn

May 11, 2026May 11, 2026 by EnergyNow Media

“The time to act on them is now.” says Oil Sands Alliance By This Article and More by Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-slow-progress-on-energy-pact-risks-letting-this-opportunity-pass-canada-by-oilsands-producers-warn As talks over a new industrial carbon pricing deal grind on between the Carney and Smith governments, Canada’s largest oilsands producers have issued a cautionary note. And it arrives as negotiations over … Read more

Aramco CEO Warns 1 Billion Barrels Lost Will Slow Oil Market Recovery

May 11, 2026May 11, 2026 by EnergyNow Media

The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco’s CEO said on Sunday, as shipping disruptions choke traffic through the Strait of Hormuz. “Our objective is simple: keep energy flowing, even when the system is … Read more

Five Things to Watch for in the Canadian Business World in the Coming Week

May 10, 2026May 10, 2026 by The Canadian Press

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Five things to watch for in the Canadian business world in the coming week:
Energy infrastructure discussion
Trans Mountain Corp. chief executive Mark Maki and Elizabeth Wademan, chief executive of the Canada Development Investment Corp., are at a C…

PIPELINE PRESSURE – Smith Hopes MOU with Ottawa Can be Finalized in the ‘Next Number of Days’

May 11, 2026May 9, 2026 by EnergyNow Media

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OTTAWA – Alberta Premier Danielle Smith said Friday she hopes the memorandum of understanding between her province and the federal government can be completed soon because Albertans need to see that “Canada can work.” Work is underway to verify signatures on a petition for a separation referendum that could happen in Alberta this fall. … Read more

Oil Jumps After Renewed US-Iran Fighting, Then Pares Gains

May 8, 2026 by EnergyNow Media

By Erwin Seba Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week HOUSTON, May 8 (Reuters) – Brent crude futures jumped as much as 3% on Friday, a day after the U.S. and Iran traded air strikes, but pared gains as traders … Read more

Hormuz Woes Seen Lingering Into Second Half, Goldman Poll Shows

May 8, 2026 by EnergyNow Media

By Mia Gindis Wall Street is growing more convinced that shipping through the Strait of Hormuz will remain impaired into the second half of the year, highlighting expectations for a longer-lasting supply shock. A majority of surveyed investors expect flows through Hormuz to be disrupted beyond the end of June, and 43% of respondents don’t … Read more

COMMENTARY: How the Strait of Hormuz Has Become a Weapon of War

May 8, 2026 by EnergyNow Media

By Julian Lee and Alex Longley No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been blocked for more than two months. Iran has throttled traffic … Read more

Oilsands Industry Has ‘Full Commitment’ to Pathways – But Needs Better Rules to Attract Investment, Murray Edwards Says

May 9, 2026May 8, 2026 by EnergyNow Media

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Chris Varcoe: Executive chair of CNRL says carbon capture project should be developed alongside a new West Coast pipeline By Chris Varcoe Original: financialpost.com/business/energy/murray-edwards-pathways-carbon-capture-full-commitment-from-oilsands/wcm/29bc5acf-31ce-4258-8f60-aaecece37fe8 Murray Edwards is unequivocal — the oilsands industry wants the $20-billion Pathways carbon capture project in Alberta to go ahead. But the executive chair of the country’s largest petroleum producer, Canadian … Read more

IEA Head Calls on Canada to Move Faster on Energy Amid Supply Shock

May 8, 2026 by EnergyNow Media

Fatih Birol: ‘The most important resource, or card, that Canada has today is trust’ By Melissa Shin The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources, warning that market conditions will only favour the country for so long. Typically, countries buy energy based … Read more

US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes

May 8, 2026 by EnergyNow Media

By Scott Disavino NEW YORK, May 8 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row, the first three-week streak of increases since early ‌February, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig … Read more

China Confirms Attack on Oil Tanker in Strait of Hormuz Earlier This Week

May 8, 2026 by EnergyNow Media

(Reuters) – China’s foreign ministry confirmed on Friday that an oil products tanker carrying Chinese crew was attacked in the Strait of Hormuz, and expressed deep concern about vessels affected by the ongoing conflict in the Middle East. There are Chinese nationals aboard the vessel, but no reported crew casualties so far, foreign ministry spokesperson … Read more

Suspected Oil Spill Seen on Satellite Images Near Iran’s Kharg Island Export Hub

May 8, 2026 by EnergyNow Media

(Reuters) – A suspected oil spill covering dozens of square kilometres of sea near Iran’s main oil hub of Kharg Island has been seen on satellite imagery this week. The likely spill – appearing on images as a grey and white slick – covered waters to the west of the 8-kilometre (5-mile) long island, pictures … Read more

South Bow Working to Secure Required Permitting for Canada-US Oil Pipeline Proposal

May 8, 2026 by EnergyNow Media

(Reuters) – Canadian crude oil pipeline company South Bow said on Friday it is beginning efforts to obtain required permits across the U.S. route of its Prairie Connector project. The Alberta-to-Wyoming pipeline would use portions of pipe already installed in Canada as part of the cancelled Keystone XL project. South Bow said on a conference … Read more

South Bow Says Demand Strong for Oil Shipments to U.S. Gulf Coast

May 8, 2026May 8, 2026 by The Canadian Press

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Executives at South Bow Corp. say customers have been clamouring to ship more oil on the southern leg of its pipeline network.
Richard Prior, South Bow’s chief operating officer, says recent geopolitical turmoil has driven an increase in demand for m…

Pembina Pipeline Increases Outlook on Rising Commodity Prices

May 8, 2026May 8, 2026 by The Canadian Press

A jump in commodity prices resulting from the Middle East conflict has helped Pembina Pipeline Corp. raise its earnings outlook for the year.
The company says it expects to benefit especially from higher propane prices in Asia thanks to its export fac…

Enbridge Reports Strong First Quarter Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $40 Billion

May 8, 2026 by EnergyNow Media

CALGARY, AB, May 8, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2026 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) First … Read more

InPlay Oil Corp. Announces First Quarter 2026 Financial and Operating Results

May 8, 2026 by EnergyNow Media

CALGARY, AB, May 8, 2026 /CNW/ – InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2026. InPlay’s unaudited interim financial statements and notes, and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2026 will be … Read more

Oil Pares Early Gains a Day After Renewed US-Iran Fighting

May 8, 2026 by EnergyNow Media

Summary Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week (Reuters) – Oil prices pared early gains on Friday, a ‌day after renewed fighting near the Strait of Hormuz raised new questions about the ceasefire between the United States and Iran. Brent … Read more

Pipeline Company Enbridge Reports $1.67-Billion First-Quarter Profit

May 8, 2026May 8, 2026 by The Canadian Press

Enbridge Inc. reported a first-quarter profit attributable to common shareholders of $1.67 billion, down from $2.26 billion a year earlier.
The pipeline company says the profit amounted to 77 cents per share for the quarter ended March 31, down from $…

THE ISSUES: What’s Included in Talks to End the Iran War and Reopen Hormuz?

May 8, 2026May 8, 2026 by EnergyNow Media

Reuters – With the standoff over the frozen Iran war threatening a global economic meltdown, Washington and Tehran have scaled back their efforts to agree a comprehensive peace deal and now seek a limited pact putting off the harder issues. This is what we know about the proposals under discussion and where they leave … Read more

PERSPECTIVE: Quebec’s Below-Market Priced Hydroelectricity Rates Result in Billions More for the Province in Equalization Payments Every Year – Fraser Institute

May 8, 2026May 8, 2026 by EnergyNow Media

By Ben Eisen and Joel Emes How Hydroelectricity Prices in Quebec Dominate Canada’s Equalization Formula This bulletin examines how Canada’s Equalization program affects provincial incentives surrounding hydroelectricity pricing. The analysis focuses on Quebec, where large equalization entitlements combined with abundant hydro resources mean retail electricity prices materially influence the distribution of equalization payments across … Read more

SUSPICIOUS TRADING: Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows

May 8, 2026May 8, 2026 by EnergyNow Media

(Reuters) – A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange data. The … Read more

Discount on Western Canada Select Widens

May 8, 2026May 8, 2026 by EnergyNow Media

(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened slightly on Thursday. WCS for June delivery in Hardisty, Alberta, settled at $15.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.70 on Wednesday. While the discount has narrowed since the … Read more

Tourmaline Sets Global First with Independent Methane Certification as Demand and Output Surge

May 8, 2026May 8, 2026 by EnergyNow Media

By Grady Semmens Operations in the Montney play that straddles the B.C./Alberta border. Photo courtesy Tourmaline Oil As a sustainability consultant in Canada’s oil and gas industry, Jamie MacKenzie Eddy has the unique opportunity to get an up-close look at a wide range of energy production. From wellheads and compressor stations to control rooms and … Read more

N.S. Premier says Mark Carney’s Leadership is a Boon to N.S. Oil and Gas Exploration

May 8, 2026May 8, 2026 by The Canadian Press

Nova Scotia’s premier is crediting a change in federal leadership for renewed traction in the province’s pursuit of offshore oil and gas development.
Tim Houston said Thursday that former prime minister Justin Trudeau opposed fossil fuel projects, but…

Journey Energy Inc. Reports Its First Quarter 2026 Financial and Operating Results

May 7, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) announces its financial results for the first quarter of 2026. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2026 and 2025 are posted on www.sedarplus.ca and on … Read more

Pembina Pipeline Reports Results for the First Quarter of 2026, Raises Quarterly Common Share Dividend, and Updates Full Year Guidance

May 7, 2026 by EnergyNow Media

All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); adjusted earnings; adjusted earnings per common share; … Read more

Cavvy Energy Releases Q1 2026 Financial and Operating Results

May 7, 2026 by EnergyNow Media

Strong Sulphur and Midstream Margins Drive 29% Growth in Net Operating Income, Quarterly Debt Repayment of US$27 million Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce its first quarter 2026 financial … Read more

Baytex Delivers Strong First Quarter 2026 Results; Raises Production Guidance and Nearly Doubles 3-Year Growth Outlook; CEO Transition Complete

May 7, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “Company”) reports its operating and financial results for the three months ended March 31, 2026 (all amounts are in Canadian dollars unless otherwise noted). “Baytex’s strong first quarter results reflect the quality of our Canadian portfolio and the operational discipline … Read more

Cardinal Energy Ltd. Announces First Quarter 2026 Results, Executive Changes, and Increases to 2026 Capital Budget

May 7, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the first quarter ended March 31, 2026. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2026 Cardinal achieved record quarterly production of 25,948 boe/d in the first quarter due to … Read more

South Bow Reports First-quarter 2026 Results and Declares Dividend

May 7, 2026 by EnergyNow Media

CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its first-quarter 2026 financial and operational results. Unless otherwise noted, all financial figures in this news release are presented in U.S. dollars. Highlights Safety and operational performance Recorded first-quarter 2026 average throughput of approximately 616,000 … Read more

UN Experts Warn US Fuel Blockade in Cuba Puts Human Rights at Risk

May 7, 2026 by EnergyNow Media

May 7 (Reuters) – U.S. President Donald Trump’s executive order in January to impose a fuel blockade on Cuba amounts to “energy starvation” with grave consequences for the Caribbean ‌island nation’s development and human rights, U.N. experts said on Thursday. Washington, which has imposed an embargo on the communist-run island since 1960, intensified measures this … Read more

Energy Markets Headed Into ‘Troubled Waters’ Amid Iran War But Canada is the “Obvious Choice” for Trade Partners, Head of IEA Says

May 8, 2026May 7, 2026 by EnergyNow Media

By Wa Lone and Shariq Khan TORONTO, May 7 (Reuters) – Global energy markets are headed into ‘troubled waters’ as the Iran war continues to knock out ‌millions of barrels of oil each day, Fatih Birol, head of the International Energy Agency, said on Thursday at a conference in Toronto. His comments come as Brent … Read more

Oil Prices Settle 1% Lower in Volatile Trading After US Mulls Resuming Strait of Hormuz Military Escorts

May 7, 2026 by EnergyNow Media

By Siddharth Cavale US considers restarting escorts for commercial vessels through Strait of Hormuz, WSJ says Analysts warn prices could rebound if conflict escalates again Iran’s oil production likely down by around 400,000 bpd – US energy secretary Chris Wright Brent, WTI futures turn positive in extended trading after Iran reports explosions NEW YORK, May … Read more

Canadian and U.S. Markets Move Lower, Oil Prices Slide Amid Hopes of End to Iran War

May 7, 2026May 7, 2026 by The Canadian Press

Stock markets in Canada and the U.S. moved lower on Thursday as oil prices fluctuated amid hopes for a deal between the U.S. and Iran.
The hope is that an end to the war will reopen the Strait of Hormuz and allow oil tankers trapped in the Persian Gul…

Strong Ex-Gulf Crude Exports, Soft China Demand Help Offset Tight Supplies, Goldman Says

May 7, 2026 by EnergyNow Media

(Reuters) – Goldman Sachs said that strong crude exports outside the Gulf and subdued demand from China are helping to partially offset market tightening caused by very low Gulf exports. Goldman Sachs said in a note dated Thursday that 45% of the hit to Persian Gulf crude/condensate exports is being offset, primarily by increased exports … Read more

Shell Subtly Flags its Unsated M&A Appetite

May 7, 2026 by EnergyNow Media

By Yawen Chen LONDON, May 7 (Reuters Breakingviews) – Shell is reaping the benefits of high fossil fuel prices. The $240 billion oil and gas major on Thursday reported first-quarter adjusted earnings of $7 billion, up nearly 25% year on year, as oil prices surged past $100 a barrel. Yet when it comes to shareholder … Read more

Iran Cut Back Oil Production by 400,000 bpd, US Energy Secretary Says

May 7, 2026 by EnergyNow Media

U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill. “It looks like they’ve likely already cut back their production, maybe by 400,000 barrels a day. They’ll likely continue to ramp … Read more

Ensign Energy Services Inc. Reports 2026 First Quarter Results

May 7, 2026 by EnergyNow Media

CALGARY, AB, May 7, 2026 /CNW/ – FIRST QUARTER HIGHLIGHTS Revenue for the first quarter of 2026 was $418.0 million, a four percent decrease from the first quarter of 2025 revenue of $436.5 million. Revenue by geographic area: Canada – $135.7 million, 33 percent of total; United States – $206.8 million, 49 percent of total; and … Read more

Adnoc’s LNG Tankers Go Dark to Get Gas Shipments Through Hormuz

May 7, 2026 by EnergyNow Media

By Stephen Stapczynski and Anthony Di Paola Abu Dhabi National Oil Co. has managed to keep a trickle of liquefied natural gas exports moving through the Strait of Hormuz by concealing tanker locations, as established producers shift tactics to navigate the conflict. At least two tankers that loaded at Adnoc’s Das Island facility recently went … Read more

Oilpatch Players Report Strong Earnings, But Warn Major Growth Hindered by ‘Myopic’ Focus on Climate Policy

May 7, 2026May 7, 2026 by EnergyNow Media

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Oilsands major reported first-quarter profits of $1.6 billion, up 83% from a year earlier By Meghan Potkins Cenovus Energy Inc. chief executive Jon McKenzie came out swinging Wednesday on the company’s first-quarter earnings call, criticizing federal regulations and carbon rules and blaming what he called Canada’s “myopic” focus on climate policy for discouraging investment in … Read more

Tidewater Midstream and Infrastructure Ltd. announces first quarter 2026 results, operational update, and 2026 financial guidance update

May 7, 2026 by EnergyNow Media

(TSX: TWM) CALGARY, AB, May 7, 2026 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation” when referring to the consolidated group, and “Tidewater Midstream” when referring to the legal entity) (TSX: TWM) has filed its consolidated interim financial statements and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2026. First Quarter 2026 … Read more

Canadian Natural Resources Reports $1.35B First-Quarter Profit

May 7, 2026May 7, 2026 by The Canadian Press

Canadian Natural Resources Ltd. reported a first-quarter profit of $1.35 billion compared with $2.46 billion in the same quarter last year.
The company says the profit amounted to 64 cents per diluted share for the quarter ended March 31 compared with…

Gran Tierra Energy Inc. Reports First Quarter 2026 Results

May 8, 2026May 7, 2026 by EnergyNow Media

Achieved Total Company Average First Quarter Production of 45,497 BOEPD1 Completed Disposition of Gran Tierra’s Working Interest in the Simonette Montney Block for $49 Million Signed Exploration, Development and Production Sharing Agreement with State Oil Company of the Republic of Azerbaijan Strategic Partnership Agreement with Ecopetrol for Operations in the Tisquirama Block Strengthened Financial Position, Exited the Quarter with $125 Million … Read more

Canadian Natural Resources Limited Announces 2026 First Quarter Results

May 7, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s first quarter results, “We have a long track record of being an effective and efficient operator, while consistently delivering top tier operational and financial performance through a strong focus on continuous improvement. An example … Read more

Obsidian Energy Announces First Quarter 2026 Results

May 7, 2026 by EnergyNow Media

Average production of 28,733 boe/d in the first quarter, generated $61.0 million of funds flow from operations Active development program in Peace River and Willesden Green while advancing strategic heavy oil waterflood initiatives Renewed normal course issuer bid and repurchased and cancelled ~1.5 million shares Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – OBSIDIAN … Read more

Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2026

May 7, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the first quarter ended March 31, 2026. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2026 … Read more

Oil Falls Below $100 a barrel on Middle East Peace Deal Hopes

May 7, 2026 by EnergyNow Media

Summary Oil prices drop 2%, extending previous session’s heavy losses Al Arabiya reports possible easing of U.S. blockade Analysts warn prices could rebound if conflict escalates again (Reuters) – Oil prices extended losses on Thursday, sliding around 2% to below $100 a barrel on renewed hopes for ‌a U.S.-Iran peace deal that could bring a gradual … Read more

Tenaz Energy Corp. Announces Q1 2026 Results

May 7, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 6, 2026) – Tenaz Energy Corp. (TSX: TNZ) (“Tenaz”, “We”, “Our”, “Us” or the “Company”) is pleased to announce financial and operating results for the first quarter of 2026. The related unaudited interim condensed consolidated financial statements and management’s discussion and analysis (“MD&A”) are available on SEDAR+ at www.sedarplus.ca and on Tenaz’s website at www.tenazenergy.com. HIGHLIGHTS … Read more

Athabasca Oil Reports Strong 2026 First Quarter Results and Increased Cash Flow Outlook

May 7, 2026 by EnergyNow Media

CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) first quarter results demonstrate continued execution across its funded growth portfolio, with its Leismer expansion on track, strong Duvernay performance, and a balance sheet positioned to support disciplined capital allocation. In the current constructive oil price environment, the Company is … Read more

Petrus Resources Announces First Quarter 2026 Financial and Operating Results

May 7, 2026 by EnergyNow Media

CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2026. Q1 2026 HIGHLIGHTS: Completed Oil-weighted Acquisition – Closed the acquisition of long-life, oil-weighted Cardium assets in the Harmattan area of Central Alberta. … Read more

South Bow Earnings Drop; Bids Close for Possible New “Prairie Connector” U.S.-Bound Pipeline

May 7, 2026May 7, 2026 by EnergyNow Media

CALGARY – Crude pipeline operator South Bow Corp. says its first-quarter net income dropped to US$77 million during the first three months of the year, down from US$88 million during the same period of 2025. The profit amounted to 37 cents US per share versus a year-earlier 42 cents US. South Bow, which … Read more

Climate Alarmists and Emissions Reduction Crusaders Were Beginning to Lose Their War on Conventional Energy: Then Came the War with Iran – Jim Warren

May 7, 2026May 7, 2026 by EnergyNow Media

By Jim Warren In the year prior to the outbreak of the latest war in the Persian Gulf, it looked like the climate alarmist agenda was in trouble. A consensus was emerging among geopolitical analysts, namely that the emissions reduction goals identified in the 2015 Paris Agreement on climate change would not be achieved. For … Read more

COMMENTARY: Carney Should Recognize the Damage and Scrap Industrial Carbon Tax

May 7, 2026May 7, 2026 by EnergyNow Media

By Julio Mejía and Elmira Aliakbari Once again, war in the Middle East is destabilizing global energy markets, increasing energy costs (including at the pumps) and threatening Canada’s already fragile economy. Yet at a moment when policymakers should do everything possible to unlock Canada’s economic potential, the Carney government is doubling down on the Trudeau-era industrial … Read more

Suncor Ratcheting up Output of Diesel, Jet Fuel to Meet Surging Global Demand

May 7, 2026May 7, 2026 by The Canadian Press

Suncor Energy Inc. is sending high-demand products like jet fuel and diesel from its Canadian refineries to a variety of far-flung global destinations as strife in the Middle East continues to squeeze supplies.
In March, the Calgary-based oilsands pr…

Oil Supply Shock to Worsen as Inventories Fall Further Even if Conflict Ends

May 6, 2026 by EnergyNow Media

(Reuters) – Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide – so oil companies will continue to deplete storage … Read more

Surge Energy Inc. Announces First Quarter Financial Results and Operational Updates

May 6, 2026 by EnergyNow Media

CALGARY, AB, May 6, 2026 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce financial and operating results for the quarter ended March 31, 2026, as well as an update on Surge’s latest operational achievements. Select financial and operating information is outlined below and should be read in conjunction with the Company’s unaudited … Read more

Strathcona Resources Ltd. Reports First Quarter 2026 Financial and Operating Results and Announces Quarterly Dividend

May 6, 2026 by EnergyNow Media

CALGARY, AB, May 6, 2026 /CNW/ – Strathcona Resources Ltd. (“Strathcona” or the “Company“) (TSX: SCR) today reported its first quarter 2026 financial and operating results. The Board of Directors also declared a quarterly dividend of $0.30 per common share. Q1 2026 Highlights Production of 116,542 boe/d (99.7% liquids) Operating Earnings of $194 million ($0.91 / share)(1) Free Cash … Read more

Saturn Oil & Gas Inc. Announces First Quarter 2026 Results Highlighted by Production, Adjusted Funds Flow and Free Funds Flow Ahead of Expectations

May 6, 2026 by EnergyNow Media

Production of 43,116 boe/d was 3% above the high end of guidance and again exceeded consensus estimates Adjusted funds flow(1) over $107 million ($0.59/share) with free funds flow(1) over $62 million ($0.34/share) Net debt(1) down 5% from year end 2025 to $725 million, reflecting Saturn’s continued commitment to debt repayment Accelerating capital from H2/26 into Q2 supports volumes … Read more

Tourmaline Achieves Record Production in the First Quarter and Forecasts Higher Free Cash Flow for 2026 and 2027

May 6, 2026 by EnergyNow Media

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CALGARY, AB, May 6, 2026 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company“) is pleased to release financial and operating results for the first quarter of 2026. HIGHLIGHTS Continued new well outperformance in both gas complexes, the Alberta Deep Basin and the NEBC Montney gas condensate complex, leading to production at the mid-point of guidance despite … Read more

European Commission Weighs Suspending Methane Fines During Energy Emergencies, FT Reports

May 6, 2026 by EnergyNow Media

(Reuters) – The European Commission is considering suspending methane emissions penalties during energy supply crises after pressure from the United states and the fossil fuel industry to dilute rules on leaks of the greenhouse gas, the Financial Times reported on Wednesday. The Commission plans to roll out new rules on monitoring, reporting and verification for … Read more

Canadian and U.S. Stock Markets Rally on Hopes of Deal to End War in the Middle East

May 6, 2026May 6, 2026 by The Canadian Press

Canadian and U.S. stock markets rallied on Wednesday as oil prices sank amid hopes that the United States and Iran are nearing a deal that would allow ships to deliver crude.
“Some commentary from Trump earlier this morning on prospects that the U.S. …

Coelacanth Energy Announces Completion of its $80 Million Bought Deal Financing

May 6, 2026 by EnergyNow Media

/THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ CALGARY, AB, May 6, 2026 /CNW/ – Coelacanth Energy Inc. (the “Company” or “Coelacanth”) (TSXV: CEI) is pleased to announce that, further to its press releases dated April 16, 2026, and April 17, 2026, … Read more

Vermilion Energy Posts First-Quarter Loss on Unrealized Derivative Loss

May 6, 2026May 6, 2026 by The Canadian Press

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Vermilion Energy Inc. reported a loss of $145.5 million in its latest quarter, weighed down by a $286-million unrealized loss on derivatives due to increases in oil and gas prices.
The company says the loss amounted to 95 cents per diluted share for t…

Canada’s Cenovus Profit Soars 83% as MEG Deal Boosts Output, Raises Dividend

May 6, 2026May 6, 2026 by EnergyNow Media

(Reuters) – Cenovus Energy on Wednesday posted an 83% jump in first-quarter profit, driven by higher crude prices, strong refining margins and increased production following its acquisition of MEG Energy. The Canadian oil and gas ‌producer also said it would raise its quarterly base dividend by 10% to 22 Canadian cents per share starting in the … Read more

Oil Slides After Pakistani Source Says US and Iran are Close to Framework Peace Deal

May 6, 2026 by EnergyNow Media

Summary US crude oil stocks expected to fall further Brent crude drops below $100 a barrel Benchmarks set for biggest daily declines in a month (Reuters) – Oil prices extended declines on Wednesday, slumping to two-week lows after a Pakistani source said that the ‌United States and Iran were nearing an initial peace deal. Brent crude … Read more

Discount on Western Canada Select Narrows

May 6, 2026 by EnergyNow Media

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for June delivery in Hardisty, Alberta, settled at $16.00 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.25 on Monday. * While the discount has narrowed, the price marks a … Read more

Vermilion Energy Inc. Reports Strong Q1 2026 Operational and Financial Results and Continued Debt Reduction

May 6, 2026 by EnergyNow Media

CALGARY, AB, May 6, 2026 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2026. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2026 will be available on the System … Read more

Cenovus announces first-quarter 2026 results

May 6, 2026 by EnergyNow Media

CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its first-quarter 2026 financial and operating results. In the quarter, the company generated approximately $3.4 billion of adjusted funds flow and $2.2 billion of free funds flow. Operating results in the quarter included Upstream production of 972,100 barrels of oil … Read more

Tamarack Valley Energy Continues Operational Momentum in the Clearwater with Strong Q1 2026 Results

May 6, 2026 by EnergyNow Media

CALGARY, AB, May 6, 2026 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read with Tamarack’s unaudited consolidated interim financial statements and management’s discussion and analysis for the three months ended March 31, 2026, which are available … Read more

Greenfire Resources Reports First Quarter 2026 Results and Provides an Operational Update

May 6, 2026 by EnergyNow Media

Readers are advised to review the “Non-GAAP and Other Financial Measures” section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the “Forward-Looking Information” section in this press release for information regarding certain forward-looking information and forward-looking … Read more

Spartan Delta Corp. announces first quarter 2026 results, increased 2026 guidance, and increase to credit facility

May 6, 2026May 6, 2026 by EnergyNow Media

CALGARY, AB, May 5, 2026 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2026, an increase to its 2026 guidance, and an increase in total credit facility capacity. Selected financial and operational information is set out below and should … Read more

Pine Cliff Energy Ltd. Announces First Quarter 2026 Results, May Dividend Declaration and Information Regarding the Annual Meeting of Shareholders

May 6, 2026 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 5, 2026) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) announces its first quarter 2026 financial and operating results, May dividend declaration and information regarding the annual meeting of shareholders. First Quarter 2026 Summary Highlights Generated $9.6 million of adjusted funds flow1 ($0.03 per basic and fully diluted share) for the … Read more

Suncor Energy reports first quarter 2026 results

May 6, 2026 by EnergyNow Media

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting … Read more

Competition Bureau Challenging Keyera Deal with Plains All American Pipeline

May 6, 2026May 6, 2026 by The Canadian Press

The Competition Bureau is challenging Keyera Corp.’s proposed deal to buy the Canadian natural gas liquids business of Plains All American Pipeline LP, a move the Calgary-based energy infrastructure company opposes.
The regulator said Tuesday the pr…

PERSPECTIVE: Resurrected Keystone Pipeline Would be Great News for Alberta and All of Canada – Fraser Institute

May 6, 2026May 6, 2026 by EnergyNow Media

By Kenneth P. Green As people might remember, the Keystone XL (KXL) project of (then) Trans Canada Ltd. would have seen a pipeline built to run from Hardisty, Alberta (the heart of the oilsands) to Steele City, Nebraska. KXL was slated to carry some 830,000 barrels per day of Canadian diluted bitumen (oil sands crude … Read more

Equinor Submits Bay du Nord Plans to Newfoundland and Labrador Energy Regulator

May 6, 2026May 6, 2026 by The Canadian Press

Norway’s Equinor has submitted a development application for its proposed Bay du Nord oil project to Newfoundland and Labrador’s energy regulator.
The board of the Canada-Newfoundland and Labrador Offshore Energy Regulator will decide if the developme…

COMMENTARY: Trump Broke OPEC. He May Regret It: Bousso

May 6, 2026May 6, 2026 by EnergyNow Media

(Reuters) – U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a major win, but it may ultimately leave both the U.S. and energy markets worse off. For decades, the Organization of the Petroleum Exporting Countries, … Read more

Topaz Announces First Quarter 2026 Financial Results and Dividend Increase

May 5, 2026 by EnergyNow Media

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CALGARY, AB, May 5, 2026 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to provide first quarter 2026 financial results. Select financial information is outlined below and should be read in conjunction with Topaz’s interim condensed consolidated financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) as at and for the three … Read more

TSX Finishes Lower, While U.S. M arkets Reach New Highs Amid Earnings Optimism

May 5, 2026May 5, 2026 by The Canadian Press

Canada’s main stock index edged lower while U.S. markets continued a record streak after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected.
“The rally is also based on the extreme success of…

Oil Execs, Climate Groups Decry Slow Pace of Alberta MOU, Though Differ on Carbon Tax

May 7, 2026May 5, 2026 by The Canadian Press

Five of Canada’s largest oilsands producers and clean energy groups are separately criticizing the federal and Alberta governments for slow progress on finalizing aspects of the energy deal signed last year.
The pact pairs the prospect of a new oil pi…

Trump Says Iran “Should Wave the White Flag of Surrender”

May 5, 2026 by EnergyNow Media

(Reuters) – President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so. Trump told reporters in the Oval Office that Iran’s military has been reduced to firing “peashooters” and that Tehran privately wants to make a deal despite its … Read more

Keyera Provides Update on Regulatory Process for Acquisition of Plains’ Canadian NGL Business

May 5, 2026 by EnergyNow Media

CALGARY, AB, May 5, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “Company”) today provided an update on the regulatory process related to its previously announced acquisition of substantially all of Plains’ Canadian natural gas liquids (“NGL”) business (the “Transaction”). Keyera has received a filing from the Competition Bureau in connection with the Transaction and is currently … Read more

Competition Bureau Challenges Keyera’s Proposed Acquisition at a Critical Canadian Energy Hub

May 5, 2026 by EnergyNow Media

Bureau investigation found the transaction would harm competition and Canadian energy producers GATINEAU, QC, May 5, 2026 /CNW/ – The Competition Bureau has filed an application with the Competition Tribunal challenging Keyera Corp.’s (Keyera) proposed acquisition of Plains All American Pipeline L.P.’s (Plains) Canadian natural gas liquids business. The Bureau is challenging the proposed transaction because it would reduce competition … Read more

Middle East Truce in Doubt as US and Iran Fight for Control of Strait of Hormuz

May 5, 2026 by EnergyNow Media

(Reuters) – The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump … Read more

IMF Chief Georgieva Warns of ‘Much Worse Outcome’ if Middle East War Drags Into 2027

May 5, 2026 by EnergyNow Media

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(Reuters) – The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a “much worse outcome” if the war in the Middle East drags into 2027 and oil prices hit around $125 per barrel. IMF Managing Director Kristalina Georgieva said the continuation of … Read more

Norway Offers up to 70 New Oil and Gas Drilling Permits

May 5, 2026 by EnergyNow Media

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OSLO, May 5 (Reuters) – Norway’s government said on Tuesday it is offering ‌70 new blocks for energy companies to explore for oil and gas in its annual licensing round as the country seeks to extend the life of its petroleum industry. The new blocks include 38 areas ⁠in the Barents Sea, 10 areas in … Read more

UAE Oil Head Says OPEC Exit Gives Ability to Speed Up Investment

May 5, 2026 by EnergyNow Media

OPEC’s control over production levels was a sticking point in the UAE’s participation in the group going back years By Anthony Di Paola The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said. “It serves our national interests and … Read more

LACK OF SPIRIT IS A WARNING: Collapse of Spirit Airlines a ‘Warning’ for Budget Carriers in Canada

May 5, 2026May 5, 2026 by The Canadian Press

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The demise of Spirit Airlines in the U.S. serves as a warning to smaller carriers north of the border that are beleaguered by high fuel costs and low demand for travel to America.
After two previous bankruptcies, the ultralow-cost airline that once op…

Global Oil Slips But Middle East Fighting Limits Losses

May 5, 2026 by EnergyNow Media

Summary Iran counters with Gulf attacks on vessels and UAE oil port US Navy escorts Maersk vessel through Hormuz (Reuters) – Global oil prices slipped on Tuesday a day after the ‌United States launched an operation aimed at reopening the Strait of Hormuz to shipping, although exchanges of fire between the U.S. and Iran limited the … Read more

GETTING CLOSE: Canada-US Oil Pipeline Close to Reaching Commitment Requirement

May 6, 2026May 5, 2026 by EnergyNow Media

Summary Oil companies commit to move at least 400,000 bpd, or about 72% of the pipeline’s initial capacity, sources say South Bow, Bridger aim to reach about 450,000 bpd in committed capacity to green-light pipeline Commitments signal oil companies are eager for takeaway capacity for Canadian output HOUSTON, (Reuters) – A proposed pipeline for carrying … Read more

COMMENTARY: I Was Glued to MarineTraffic Before Stephen Colbert Made it Cool

May 5, 2026May 5, 2026 by EnergyNow Media

It started at twenty bucks a month. It ended at three hundred, plus a Senate committee appearance and a wall of debunked tanker myths. Confessions of a recovered ship mapping addict. By Stewart Muir MarineTraffic offers a real-time window into global shipping. The Wall Street Journal reports that Stephen Colbert has fallen for MarineTraffic. On his … Read more

COMMENTARY: The Consequence of Ignoring Energy Security – Ron Wallace

May 6, 2026May 5, 2026 by EnergyNow Media

By Ron Wallace As the fourth largest global producer of crude oil Canada’s opportunities have been limited by insufficient infrastructure, punitive regulatory timelines and limited international access. “North America and particularly the European Union are experiencing the consequences of misguided energy policies that have undermined efforts to sustain energy security throughout the West. Recent geopolitical … Read more

COMMENTARY: The Sovereign Wealth Fund Canada Finally Got – and the One it Still Needs – Stewart Muir

May 5, 2026May 5, 2026 by EnergyNow Media

Prime Minister Carney’s Canada Strong Fund is a long overdue step but its success hinges on Indigenous economic participation and ironclad discipline By Stewart Muir Prime Minister Mark Carney speaks from a lectern beside a Canadian National Railways locomotive at the Canada Science and Technology Museum, during an announcement on the Canada Strong Fund, Canada’s … Read more

PUSHING BACK: Canada’s Oil Firms Look to Scrap Carbon Tax Tied to New Pipeline

May 5, 2026May 5, 2026 by EnergyNow Media

By Robert Tuttle Canada’s oil industry is pushing back hard on proposals to impose a higher carbon tax, arguing the policy adds costs at a time when the world needs more secure and affordable sources of energy. Prime Minister Mark Carney and Alberta Premier Danielle Smith agreed to a higher carbon tax for industrial emissions … Read more

Discount on Western Canada Select Narrows

May 4, 2026 by EnergyNow Media

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for June delivery in Hardisty, Alberta, settled at $16.25 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.30 on Friday. * While the discount has narrowed, the price marks the … Read more

Parex Resources Provides Update on the Acquisition of Frontera E&P

May 4, 2026 by EnergyNow Media

CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to provide an update on the previously announced Frontera acquisition, pursuant to which Parex would acquire 100% of Frontera Petroleum International Holdings B.V. (“Frontera E&P”), for upfront cash consideration of US$500 million, the assumption of US$225 … Read more

Parex Resources Announces Expansion of Ecopetrol Strategic Partnership with the Addition of Producing Assets in the Magdalena Basin

May 4, 2026 by EnergyNow Media

CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that they have executed an agreement whereby Parex expects to earn a 50% participating share in the Casabe and Llanito blocks in the Magdalena Basin of Colombia, … Read more

Oil Prices Jump 6% as Iran Sets UAE Oil Port Ablaze, Strikes Vessels in Strait of Hormuz

May 4, 2026 by EnergyNow Media

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(Reuters) – Oil prices jumped about 6% on Monday as Iran stepped up attacks on the United Arab Emirates and ships in the Middle East Gulf over the past 24 hours, the most serious escalation since a U.S.-Iran ceasefire came into force in early April. Brent futures rose $6.27, or 5.8%, to settle at $114.44 … Read more

Chevron CEO Says Physical Shortages in Oil Supply to Begin Appearing

May 4, 2026 by EnergyNow Media

(Reuters) – Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes. Economies will begin shrinking, first in Asia, as demand adjusts to meet supply while the … Read more

Goldman Says Global Oil Stocks Approaching Eight-Year Low, Depletion Speed a Concern

May 4, 2026 by EnergyNow Media

May 4 (Reuters) – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed ‌of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted. Oil prices jumped about 6% on Monday after Iran hit several ships in the Strait of … Read more

Gibson Energy Reports First Quarter 2026 Results and Advances Infrastructure Strategy Through Chauvin Acquisition and Sanctioning of Hardisty Connection Project

May 4, 2026 by EnergyNow Media

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three months ended March 31, 2026. Key Highlights: Expanded core infrastructure footprint with the $400 million Chauvin acquisition, strengthening the long-term growth … Read more

US, Gulf Arab Nations Draft New UN Resolution on Strait of Hormuz

May 4, 2026 by EnergyNow Media

(Reuters) – The United States and Gulf Arab nations are drafting a U.N. Security Council resolution designed to condemn Iran for blocking the Strait of Hormuz in response to a U.S.-Israeli bombing campaign, U.S. Ambassador to the U.N. Mike Waltz said on Monday. Waltz said negotiations will take place this week on the resolution, which … Read more

Fujairah Oil Zone Hit by Fire After Drone Attack as UAE Says it Intercepted Iran Missiles

May 4, 2026 by EnergyNow Media

(Reuters) – Fire broke out at a major UAE oil industry zone on Monday after a drone attack originating from Iran, authorities said, as the Gulf state’s military separately intercepted three Iranian missiles over its waters and a fourth crashed into the sea. Civil defence teams were deployed immediately to contain the blaze at the … Read more

Canadian and U.S. Markets Fall Amid Rising Oil Prices and Geopolitical Uncertainty

May 4, 2026May 4, 2026 by The Canadian Press

Canadian and U.S. stock markets moved lower on Monday, while oil prices jumped following escalations in the Middle East that may be undermining the ceasefire in Iran.
“Markets came into the week focused on earnings, but today oil and geopolitics are a…

Why Markets Think the US Is Winning the Blockade

May 4, 2026 by EnergyNow Media

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Europe, on the other hand… By John Authers The USS Abraham Lincoln conducting blockade operations. Source: U.S. Navy/Getty The Strait of Hormuz remains blockaded — latest peace efforts have fizzled. European assets are sustaining far more damage than the US from the stalemate. The US K-shaped economy is holding up well, for now. The US … Read more

US Oil Sanctions Push Beijing to Test Washington’s Limits

May 4, 2026 by EnergyNow Media

Beijing has told its companies to ignore American sanctions on a major oil refiner, complicating the leaders’ summit next week. By Rong Wei Neo Oil storage tanks at a petrochemical production base on the outskirts of Shanghai. Source: Bloomberg US President Donald Trump’s expected meeting with his Chinese counterpart Xi Jinping next week just got … Read more

LNG Needs Help Bridging the Gap Between Shipping’s Fossil Fuel Use and its Low-Carbon Destination – Resource Works

May 4, 2026 by EnergyNow Media

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Biomethane and e-methane could be additional trump cards in the ocean carrier industry’s complex game of bridge By Timothy Renshaw By Resource Works More News and Views From Resource Works Here The bridge to a decarbonized commercial shipping fleet needs widening. The current single-lane liquefied natural gas (LNG) option is too narrow to get containership … Read more

Questerre Closes Sale of Non-Operated Kakwa Central Assets for $23.5 Million

May 4, 2026 by EnergyNow Media

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, May 04, 2026 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) reported today it has successfully closed the previously announced sale of its non-operated minority working interest in its … Read more

OPEC+ Crude Output Boost is Symbolic, But it Still Matters: Russell

May 4, 2026 by EnergyNow Media

It’s easy to dismiss the agreement by the seven remaining members of the OPEC+ group of crude oil exporters to increase output for a third straight month in June as merely symbolic. Certainly, as long as the Strait of Hormuz remains effectively closed, the decision to lift production by 188,000 barrels per day (bpd) is … Read more

UAE Owes it to Investors to Produce Without Restrictions, Energy Minister Says

May 4, 2026 by EnergyNow Media

Summary UAE energy minister says it left OPEC on good terms Expresses confidence UAE will keep working with OPEC members UAE was one of OPEC’s biggest producers DUBAI, May 4 (Reuters) – The United Arab Emirates owes it to its investment partners to produce what ‌global oil markets require without restrictions, while cooperating with other … Read more

Oil Up 3% After Iran Claims it Attacked US Warship; US Denies Report

May 4, 2026 by EnergyNow Media

Summary US warship was hit by two missiles, Iran’s Fars says US Central Command denies any US vessel was struck US to start operation to aid stranded ships, Trump says OPEC+ agrees third oil output quota hike since Hormuz closure (Reuters) – Oil prices rose over 3% on Monday after Iran claimed it had struck … Read more

Looking for Pipe Bends With Coatings You Can Trust? We’ve Got You Covered! – Compass Bending

May 4, 2026May 4, 2026 by EnergyNow Media

At Compass Bending, we use holiday-free coatings that protect your pipe bends from rust, wear, and the harshest conditions. Plus, we can ship coating materials and patch kits straight to your job site—perfect for quick repairs and covering field joints. What’s great about holiday-free coatings? 🔹 They create a seamless barrier—no breaks, no pinholes—so moisture … Read more

Small Connections, Big Consequences: Why Instrument Isolation Design Matters in Oil & Gas Operations

May 4, 2026 by EnergyNow Media

In oil and gas operations, the smallest components are often connected to some of the biggest risks. Instrument valves, manifolds, monoflanges, and double block and bleed assemblies may not always get the same attention as larger process equipment, but they play a critical role in safe, reliable measurement and isolation. Every threaded connection, fitting, adaptor, … Read more

OIL SANDS ALLIANCE: The Time is Now to Make Canada an Energy Superpower

May 5, 2026May 4, 2026 by EnergyNow Media

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CALGARY, AB , May 4, 2026 /CNW/ – Global events over the past few months highlight the importance of affordable, reliable energy in people’s lives and to the health and well-being of national economies, including Canada’s. These events serve as a stark reminder that the global energy system is large, complex and interrelated. Access to abundant energy cannot … Read more

LNG Canada Exports Hit 1 Million Metric Tons for First Time in Single Month

May 4, 2026May 4, 2026 by EnergyNow Media

Exports of liquefied natural gas from Canada’s LNG Canada plant topped 1 million metric tons in April, setting a monthly record, according to LSEG data. * LNG Canada is the country’s first major LNG export facility and the first on North America’s West Coast, giving it direct access to Asia, the world’s largest LNG market. … Read more

EXCLUDED NO MORE: Carbon Capture Incentives in Alberta-Canada Energy Accord Could Spur Enhanced Oil Recovery

May 4, 2026May 4, 2026 by EnergyNow Media

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‘Canada can simultaneously advance its environmental goals and economic interests’ By Will Gibson Drone view of the Clive sequestration project near Red Deer, Alta. Photo courtesy Enhance Energy The federal government is following through on a key element of its energy accord with Alberta. In its spring economic update, Ottawa confirmed plans to extend the carbon capture, utilization and … Read more

MAKING MONEY FOR CANADA – Trans Mountain Reports Q4 2025 and Full-Year 2025 Results

May 5, 2026May 4, 2026 by EnergyNow Media

All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta–(Newsfile Corp. – May 1, 2026) – Trans Mountain Corporation (“Trans Mountain” or TMC” or “the Company”) today announced its financial and operating results for the fourth quarter and full-year of 2025. “2025 marked a defining year for Trans Mountain, one in which we … Read more

Trump Says US to Help Ships Stranded in Strait of Hormuz as Tanker Hit by Projectiles

May 3, 2026 by EnergyNow Media

A tanker reported being hit by unknown projectiles in the Strait of Hormuz, a maritime security organisation said on Monday, shortly after President Donald Trump said the U.S. would start helping free ships stranded in the Gulf by the U.S.-Israeli war on Iran. Trump provided few details about the plan, which he said would start … Read more

Credit Agency Says Surging Global Oil Prices Will Help N.L.’s Bottom Line

May 4, 2026May 3, 2026 by The Canadian Press

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One of the world’s largest credit rating agencies says surging global energy prices related to the Iran war could help tackle the deficit in Newfoundland and Labrador.
DBRS Morningstar says the province’s recent budget — with a deficit of $688 millio…

Five Things to Watch for in the Canadian Business World in the Coming Week

May 3, 2026May 3, 2026 by The Canadian Press

Five things to watch for in the Canadian business world in the coming week:
Loblaw results
Loblaw Cos. Ltd. will release its first-quarter results on Wednesday morning before markets open. The grocery and drugstore retailer has been working to build i…

BULLISH ON ENERGY: Minister Tim Hodgson Delivers Bullish Energy Industry Speech at the Calgary CAOEC Luncheon May 1, 2026 – Yogi Schulz

May 5, 2026May 2, 2026 by EnergyNow Media

Minister of Energy and Natural Resources of Canada Tim Hodgson delivers a keynote address at the CAOEC Spring Luncheon in Calgary on May 1, 2026 By Yogi Schulz At a May 1, 2026 luncheon hosted by the Canadian Association of Energy Contractors (CAOEC) and the Explorers and Producers Association of Canada (EPAC), Minister Tim Hodgson … Read more

Petrus Resources Announces Monthly Activity Update

May 2, 2026 by EnergyNow Media

CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more

Discount on Western Canada Select Narrows

May 2, 2026 by EnergyNow Media

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for June delivery in Hardisty, Alberta, settled at $16.30 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $17 in mid-April. * While the discount has narrowed, the price … Read more

Rethinking Asset Integrity in Oil & Gas: Why NDT Is Evolving

May 6, 2026May 2, 2026 by EnergyNow Media

Asset integrity in oil and gas has never been more critical—or more complex. With aging infrastructure, increasing regulatory pressure, and the growing demand for operational efficiency, traditional inspection methods are no longer enough to keep up. At its core, asset integrity management is about reducing the risk of failure, particularly from issues like corrosion, cracking, … Read more

Saudi Arabia Set for Oil Windfall After Hormuz Boosts Prices

May 1, 2026 by EnergyNow Media

Saudi Arabia is able to divert the bulk of crude exports to the Red Sea By Andrey Biryukov The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the United Arab Emirates seeing a … Read more

Trump ‘Not Happy’ With Iran, Touts Strait ‘100% Shut’

May 1, 2026 by EnergyNow Media

Trump didn’t elaborate on the Iranian participants in the latest talks, or when they occurred By Patrick Sykes, Eltaf Najafizada and Josh Wingrove U.S. President Donald Trump expressed displeasure with the current state of negotiations with Iran, blaming disjointed leadership in Tehran for preventing a deal to end the nine-week conflict that’s triggered a global … Read more

Saudi Oil Prince’s Iron Grip Faces Ultimate Test With UAE’s Shock OPEC Exit

May 1, 2026 by EnergyNow Media

By Yousef Saba, Ahmad Ghaddar and Maha El Dahan Saudi Arabia’s energy minister Prince Abdulaziz is half-brother of Crown Prince Early years of diplomatic touch have transformed into an iron grip on OPEC UAE exit a critical test for Prince Abdulaziz’s influence over oil markets May 1 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin … Read more

Energy Stocks Weigh on TSX as Apple Helps U.S. Markets Reach New Highs

May 1, 2026May 1, 2026 by The Canadian Press

North American stock markets were mixed on Friday, with the TSX in negative territory while U.S. markets reached more records.
The S&P 500 climbed 0.3 per cent to its latest all-time high as it closed out a fifth straight-winning week. That’s its long…

Crude Futures Fall on New Iran Proposal for Peace Talks

May 1, 2026 by EnergyNow Media

Iran sends peace talks proposal to Pakistani intermediaries Brent crude and WTI on track for strong weekly gains UAE official says unilateral Iranian arrangements for Hormuz cannot be trusted HOUSTON, May 1 (Reuters) – An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, ‌but prices remained on track for … Read more

UAE Says Iran Cannot be Trusted Over Hormuz, Peace Efforts at an Impasse

May 1, 2026 by EnergyNow Media

(Reuters) – A senior United Arab Emirates official said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides as efforts to end the Iran war remained at an impasse. Two months into the conflict, the vital sea … Read more

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes

May 1, 2026 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid-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, rose by three to … Read more

The UAE Dumping OPEC May Not Affect Crude as Anticipated: Russell

May 1, 2026 by EnergyNow Media

(Reuters) – The United Arab Emirates’ withdrawal from OPEC is widely seen as lessening the clout of the producer group and initiating a race to boost output, ultimately resulting in sharply lower crude oil prices. However, the U.S. and Israeli war against Iran has upended global crude markets to such an extent that expecting what … Read more

Gibson Energy Announces Closing of $400 Million Chauvin Infrastructure Acquisition to Extend Hardisty Platform and Sanctioning of Hardisty Connection Project

May 1, 2026 by EnergyNow Media

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI) is pleased to announce the closing of its previously announced acquisition of Teine Energy Ltd.’s (“Teine Energy”) Chauvin Infrastructure Assets (the “Transaction”). Through the Transaction, Gibson has acquired a crude … Read more

Imperial Announces First Quarter 2026 Financial and Operating Results

May 1, 2026 by EnergyNow Media

Quarterly net income of $940 million Cash flows from operating activities of $756 million and cash flows from operating activities excluding working capital1 of $1,239 million Quarterly Upstream production of 419,000 gross oil-equivalent barrels per day Kearl quarterly production of 259,000 total gross oil-equivalent barrels per day (183,000 barrels Imperial’s share) Cold Lake quarterly production … Read more

TC Energy Reports Strong First Quarter 2026 Operating and Financial Results

May 1, 2026 by EnergyNow Media

Safety and operational excellence drive seven delivery records across North America Approves US$1.5 billion Columbia Gas expansion project, extending reach into high-demand market CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “We … Read more

Fiddlehead Resources Corp. Announces Fourth Quarter and Full-Year 2025 Results, 2025 Year-End Reserves and Operational Update

May 1, 2026 by EnergyNow Media

/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, April 30, 2026 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead” or the “Company“) (TSXV: FHR) is pleased to announce financial and operating results for the three and twelve months ended December 31, 2025 and to provide the results of its independent oil and gas reserves evaluation … Read more

PERSPECTIVE: Canada Not as Tax Competitive as Federal Government Thinks – Fraser Institute

May 1, 2026 by EnergyNow Media

By Jack Mintz Prime Minister Mark Carney often refers to the marginal effective corporate tax rate (MECTR) on new investment as an indicator that Canada is the most tax competitive economy for investment among the G7 countries. However, is that the case? Remember that tax competitiveness is not just in relation to G7 countries that account for … Read more

COMMENTARY: Is British Columbia “Investable” for Natural Resource Sectors? – Karen Graham

May 2, 2026May 1, 2026 by EnergyNow Media

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Deep uncertainty around public policy fiscal management and Indigenous relations is causing international investors to exercise caution on greenfield projects By Karen Graham Karen Graham, MA, MPP, Principal of KMG Strategy By Resource Works More News and Views From Resource Works Here It should not be normal in a country self-described as an “energy superpower” … Read more

COMMENTARY: Newfoundland Government’s Future Fund Proposals Steeped in Short-Term Thinking

May 1, 2026 by EnergyNow Media

By Alex Whalen In its first legislative session, the Wakeham government has proposed changes to Newfoundland and Labrador’s Future Fund, which would largely gut the concept, to the detriment of Newfoundlanders and Labradorians. For those who may be unfamiliar, the Furey government established the fund in 2022 to save a portion of resource royalties from the province’s … Read more

Iran Threatens Painful Response if US Renews Attacks

May 1, 2026 by EnergyNow Media

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By Humeyra Pamuk and Tala Ramadan UAE bans citizens from visiting Iran, Lebanon and Iraq Trump ‘OK’ with Iran playing in World Cup Briefing scheduled for Trump on Thursday about strike options by US military, US official says US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high, … Read more

Why $100 Oil is No Longer Spooking Equity Markets

May 1, 2026 by EnergyNow Media

(Reuters) – Why have global equity markets been so resilient to the Iran oil shock? Because $100 a barrel oil doesn’t mean what it used to. Brent crude has risen around 70% since the Iran war began on February 28 to over $120 per barrel, as of early Thursday. Yet global equity markets, though volatile, … Read more

Imperial Oil churning out more diesel, jet fuel as Mideast war drives up prices

May 1, 2026May 1, 2026 by The Canadian Press

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Imperial Oil Ltd. is capitalizing on strong pricing for diesel and jet fuel by boosting how much of those products its refineries churn out.
“Certainly in this time period, we’ve been maximizing our production of diesel and jet molecules over gasolin…

Steady Oil Prices Set for Weekly Gain as Iran War Rumbles On

May 1, 2026 by EnergyNow Media

Summary Brent crude and WTI on track for strong weekly gains UAE’s Gargash says unilateral Iranian arrangements for Hormuz can’t be trusted Iran threatens painful response if U.S. renews attacks (Reuters) – Oil prices steadied but remained on track ‌for weekly gains on Friday as efforts to halt the Iran war remained at an impasse, with Tehran … Read more

Prospera Energy Reports 2025 Year-End Audited Financials and Reserves

May 1, 2026 by EnergyNow Media

Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Company“, or the “Corporation“) Calgary, Alberta–(Newsfile Corp. – May 1, 2026) –Overview of 2025 & 2026 OutlookProspera Energy is pleased to report its operational and financial results for the year ended December 31, 2025, together with its independently evaluated reserves prepared by Sproule ERCE … Read more

Letter to Prospera Shareholders: Eighteen Months of Transformational Execution

May 1, 2026 by EnergyNow Media

Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) Calgary, Alberta–(Newsfile Corp. – May 1, 2026) -Dear Prospera Shareholders,The last eighteen months have been the most consequential in Prospera Energy’s history. Since management and board restructured on October 31, 2024, we have spent every day building the operational, strategic, and cultural foundation of a disciplined heavy … Read more

Headwater Exploration Inc. announces dividend increase, first quarter financial results, guidance increase and declaration of quarterly dividend

May 1, 2026 by EnergyNow Media

CALGARY, AB, April 30, 2026 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three months ended March 31, 2026, guidance increase and increase in quarterly dividend. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements … Read more

TC Energy Appalachia Supply Project to Expand Columbia Gas System in U.S.

May 1, 2026 by The Canadian Press

TC Energy Corp. announced plans to expand its Columbia Gas system in the U.S. as it reported $899 million in net income attributable to common shareholders for its first quarter, down from $978 million a year earlier.
The pipeline company says the pro…

PIPELINE POSITIVE: Alberta Oil Pipeline is ‘More Likely Than Not’ Mark Carney Says in New Sit-Down Interview

May 2, 2026May 1, 2026 by The Canadian Press

Prime Minister Mark Carney says a new oil pipeline out of Alberta is “more likely than not.”
In his first sit-down interview with The Canadian Press since becoming prime minister more than a year ago, Carney said Friday that given the increased global…

Trump’s Trade Czar Says U.S. Looking to Work with Canada on Energy and Critical Minerals

May 1, 2026May 1, 2026 by The Canadian Press

United States Trade Representative Jamieson Greer told Canadians looking for insights into the future of bilateral trade this week that “America First” is policy, not a slogan, and they should not expect a return to the way things were.
Sources who at…

Shell CEO Says Blockade May Mean Energy Shortages Last Into 2027

May 1, 2026May 1, 2026 by EnergyNow Media

By Kevin Crowley, Edward Ludlow, and Caroline Hyde The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said. “We are talking about roughly 900 million barrels that haven’t been … Read more

Equinor Awards Design and Engineering Contracts for Bay du Nord Oil Project Off N.L.

May 1, 2026May 1, 2026 by The Canadian Press

Equinor has awarded contracts for front-end engineering and design work on its proposed Bay du Nord oil project off the east coast of Newfoundland.
The Norwegian energy giant has tapped Subsea Integration Alliance for design and engineering work on th…

THE REACTION: Alberta’s Smith Lauds New Major Canada-U.S. Oil Pipeline Permit Signed by Trump, Citing Advocacy

May 1, 2026May 1, 2026 by The Canadian Press

Alberta Premier Danielle Smith says a key approval for a cross-border oil pipeline project to deliver more of the province’s crude to the United States is coming after years of advocacy from her government.
U.S. President Donald Trump has signed a pre…

‘Ash, Smoke and Flames Everywhere’: Memories of the 2016 Fort McMurray Wildfire

May 1, 2026May 1, 2026 by The Canadian Press

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A massive wildfire quickly spread into the oilsands city of Fort McMurray, Alta., on May 3, 2016. It forced more than 90,000 people out of the region, damaged or levelled 2,500 homes and scorched nearly 5,900 square kilometres of forest.
Its cause …

Bank of Canada Head ‘Encouraged’ by Ottawa’s Efforts to Diversify Economy

May 1, 2026May 1, 2026 by The Canadian Press

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Bank of Canada governor Tiff Macklem says he’s “encouraged” by the federal government’s efforts to diversify the economy and protect it against increasingly common shocks to global trade.
He also says Ottawa’s fiscal update, tabled earlier this week, …

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