A congressman from Washington State says the U.S. Coast Guard should review and update oil spill response plans as news of a planned pipeline from Alberta to B.C. would increase oil tanker traffic in the Salish Sea.
Rep. Rick Larsen says he sent a le…
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / July 31, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) is pleased to announce that further to its press release on June 23, 2026, it has successfully completed the previously announced disposition of certain non-core assets located … Read more
Fixed Price Contract Leverages 2026 Sulphur Price Run-up and Enhances Sulphur Revenue Certainty in 2027 CALGARY, Alberta, July 31, 2026 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce that it has agreed to terms on a new one-year fixed-price sulphur forward sales agreement (the “Sulphur Price Agreement”) with its sulphur … Read more
(Reuters) – ExxonMobil said on Friday its pipeline of liquefied natural gas (LNG) projects would diversify its production away from the Middle East, but the company said it remains committed to pursuing opportunities in the region because of its long-term importance to global energy markets. “We won’t shy away from the region,” CEO Darren Woods … Read more
Brookfield working with bankers in recent weeks to solicit buyer interest, sources say NorthRiver a natural gas-focused G&P in the Montney shale formation Brookfield bought assets that became NorthRiver for C$4.3 billion from Enbridge NEW YORK, July 31 (Reuters) – Brookfield Infrastructure Corp (BIPC.N) is exploring a potential sale of NorthRiver Midstream in a deal … Read more
By Nojoud Al Mallees The Canadian economy is on track to post a stronger-than-expected rebound in the second quarter, partly because of surging energy production. A preliminary estimate suggests real gross domestic product expanded at an annualized rate of 3.4% between April and June, according to Statistics Canada’s industry-based output data. The oil industry had … Read more
Pembina Pipeline Corp. says it earned $512 million in the second quarter, rising from $417 million during the same period last year.
The Calgary-based natural gas processor and shipper says its revenue during the quarter reached $2.15 billion, up year…
Pembina Pipeline Corp. says its participation in the proposed West Coast oil pipeline fits into the company’s overall strategy ahead of the pipeline’s potential designation as a project of national interest in the fall.
During the second quarter, Pem…
Quarterly net income of $2,190 million Cash flows from operating activities of $2,704 million and cash flows from operating activities excluding working capital1 of $2,522 million Quarterly Upstream production of 414,000 gross oil-equivalent barrels per day Kearl quarterly production of 257,000 total gross oil-equivalent barrels per day (182,000 barrels Imperial’s share) Cold Lake quarterly production of … Read more
OTTAWA – The economy was growing steadily in May and appeared on track for a solid rebound in the second quarter as a whole, Statistics Canada said Friday. The agency said real gross domestic product rose 0.3 per cent in May amid growth in both the goods and services sides of the economy. That topped … Read more
CALGARY, AB, July 31, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second 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.) Second … Read more
Imperial Oil Ltd. reported its second-quarter profit was up, primarily driven by higher commodity prices.
The company says it earned $2.2 billion or $4.52 per diluted share for the quarter ending June 30 compared with a profit of $949 million or $1.86…
Imperial Oil Ltd. reported its second-quarter profit was up, primarily driven by higher commodity prices.
The company says it earned $2.2 billion or $4.52 per diluted share for the quarter ending June 30 compared with a profit of $949 million or $1.86…
By Tegan Hill and Taylor Oliver A new pipeline proposal has seemingly renewed optimism about Alberta’s energy future. Yet private investment remains on the sidelines. According to the proposal jointly submitted to Ottawa by the Smith and Carney governments, the new pipeline would run from Alberta to the southern coast of British Columbia. The Trans Mountain Corporation … Read more
Enbridge Inc. reported a second-quarter profit attributable to common shareholders of $1.4 billion, down from $2.18 billion a year earlier.
The pipeline company says the profit amounted to 64 cents per share for the quarter ended June 30, down from $1…
Summary Brent and WTI on track for monthly rises Two VLCCs exit Strait of Hormuz, Bab el-Mandeb sees 29 commodity vessels transit ADNOC buys tankers as Red Sea, Hormuz crisis reshape oil trade Ukraine’s military says it hit Russia’s Volgograd oil refinery (Reuters) – Oil prices rose more than 1% on Friday and remained on … Read more
A U.S. appeals court found Enbridge liable for trespass for running a pipeline under land belonging to a northern Wisconsin tribe, but gave the Canadian energy company more time to reroute the pipeline and ordered a recalculation of damages. Thursday’s decision by the 7th U.S. Circuit Court of Appeals in Chicago addressed appeals from a federal district … Read more
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); adjusted earnings; adjusted earnings per common share; … Read more
CALGARY, Alberta, July 30, 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 … Read more
CALGARY, Alberta, July 30, 2026 (GLOBE NEWSWIRE) — Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2026. Operations Update Yangarra executed an active second quarter operating program despite persistent wet field conditions, which impacted drilling, completions and equipping activities and delayed bringing … Read more
CALGARY, Alberta, July 30, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operational results for the three-month period ended June 30, 2026, updated independent reserves reports that reflect recent transactions, an operational update, and the declaration of its Q3 2026 regular dividend of … Read more
Calgary, Alberta–(Newsfile Corp. – July 30, 2026) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “Company”) reports its operating and financial results for the three and six months ended June 30, 2026 (all amounts are in Canadian dollars unless otherwise noted). “Baytex delivered strong second-quarter results, highlighted by outperformance in the Duvernay and continued strength across … Read more
A $2 billion expansion to Tilbury Island LNG can finally proceed By Nelson Bennett Tilbury Island LNG to undergo $2 billion expansion. | FortisBC A $2.2 billion phased expansion of the FortisBC Tilbury Island LNG plant is, finally, getting a break from the B.C. government on the regulatory front to help move it along. This … Read more
TC Energy Corp. has raised its forecast for North American natural gas demand in the coming years and is considering ways its vast Canadian and U.S. pipeline network can respond to the surge.
The Calgary-based company is expecting 51 billion cubic fe…
Debates over carbon capture and storage (CCS) often stay trapped at the project level—costs, technical performance, and risk. Those details matter, yet they risk obscuring larger questions about policy design, economic burden, national interest, and the big question: Why? Why is Canada pursuing Net-Zero by 2050? The following questions are offered not as settled conclusions, … Read more
By EnergyNow Editorial Staff Using the latest complete country-by-country data, Canada accounted for approximately 1.38% of global carbon dioxide emissions in 2024—generally rounded to 1.4%. Canada emitted approximately 533 million tonnes of CO₂, compared with a global total of about 38.6 billion tonnes. This places Canada 11th among individual countries for annual fossil-fuel and industrial … Read more
(Reuters) – For years, China was viewed by liquefied natural gas (LNG) producers as the key driver of future demand growth, helping to justify billions of dollars in export infrastructure investment from the U.S. Gulf Coast to Qatar. But China’s appetite for the super-chilled fuel is flagging, even as producers prepare a wave of new … Read more
CALGARY, AB, July 30, 2026 /CNW/ — Entropy Inc. (“Entropy” or the “Corporation”), a subsidiary of Advantage Energy Ltd. (“Advantage”), is pleased to provide a corporate update on the construction, commissioning and commercial operations of the Glacier co-generation, carbon capture and storage project (“Glacier Phase 2”). Glacier Phase 2 provides a new 15 MW co-generation installation with fully … Read more
Calgary, Alberta–(Newsfile Corp. – July 30, 2026) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “Company”) reports its operating and financial results for the three and six months ended June 30, 2026 (all amounts are in Canadian dollars unless otherwise noted). “Baytex delivered strong second-quarter results, highlighted by outperformance in the Duvernay and continued strength across … Read more
CALGARY, AB, July 30, 2026 /CNW/ — (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its second quarter 2026 financial and operational results. HIGHLIGHTS Shell Acquisition On April 27, 2026, ARC announced that it entered into an arrangement agreement with Shell plc (“Shell”) and Shell Canada Limited (“Shell Canada”), a wholly owned subsidiary of Shell, which … Read more
(TSX: AAV) CALGARY, AB, July 30, 2026 /CNW/ — Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report second quarter 2026 financial and operating results. The financial and operating highlights presented below are for Advantage only and exclude its subsidiary Entropy Inc. 2026 Second Quarter Financial Highlights Cash provided by operating activities of $107.3 million. Adjusted funds … Read more
Some communities are pushing back. Rocky View County, near Calgary, has imposed a temporary moratorium on new data centre proposals By This Article and More From Graison Foster Here As an Alberta power producer took a victory lap Wednesday over its contract to help electrify Meta Platforms Inc.’s data centre north of Edmonton, local politicians … Read more
By Melissa Garside | Design Cynthia Tran Vo Key Takeaways China produced 5.3 billion metric tons of minerals in 2024—26.9% of the global total. The top five producers accounted for 61% of global mineral production. Asia-Pacific generated just over half of the world’s mineral output. Minerals are essential to energy systems, construction, manufacturing, and advanced … Read more
July 30 (Reuters) – Venezuelan officials and oil executives have moved ahead with the migration of dozens of joint ventures to new terms approved in a sweeping government reform, but delays remain in finalizing the agreements needed to greenlight the projects, four sources involved in the preparations said. Venezuela’s oil ministry had set July 28 … Read more
(Reuters) – A drone strike that damaged two gas tankers in Egyptian waters has renewed energy security concerns about the nearby Suez Canal and a related pipeline, a vital export route for Saudi Arabian oil since the beginning of the Iran war. Even as Iran and its Houthi allies have fired on tankers transiting the … Read more
Canadian and U.S. stock markets gained ground on Thursday as investors sifted through fresh corporate earnings reports on both sides of the border.
The S&P/TSX composite index was up 172.06 points at 35,505.84. On the TSX, the gains in the basic ma…
By Ron Bousso LONDON, July 30 (Reuters) – Neither full-scale war nor peace is taking hold in the Middle East, trapping energy markets in an uncomfortable limbo that won’t be easy to escape. Worries about the reliability of Gulf supplies are becoming increasingly entrenched among buyers, creating an alarming new norm for the region’s producers. … Read more
(Reuters) – Explosions tore through a natural gas port on Egypt’s Mediterranean coast on Wednesday, with maritime security firm Ambrey reporting a U.S.-owned floating storage tanker there had been hit by a drone. The strike on Damietta, for which there was no claim of responsibility, came hours after Washington and Saudi Arabia hit Iran-backed paramilitary … Read more
Solid execution and asset performance support higher end of 2026 financial outlook $0.7 billion of new growth projects sanctioned in second quarter, totaling approximately $3 billion of low-risk, accretive growth projects announced in 2026 CALGARY, Alberta, July 30, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its second quarter results … Read more
CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) reported second quarter results highlighted by continued execution of its funded growth strategy. The Company advanced the Leismer expansion and commenced the staged start-up of the next growth well pairs. Corner development activities are progressing as planned, with project sanction … Read more
Calgary, Alberta–(Newsfile Corp. – July 30, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“ObsidianEnergy“, the “Company“, “we“, “us” or “our“) is pleased to report our operating and financial results for the second quarter of 2026 (all amounts are in Canadian dollars unless otherwise noted). Highlights: Average production of 28,200 boe/d in the second quarter, … Read more
Strong Year-to-Date Performance Drives 2026 Guidance Increase CALGARY, AB, July 30, 2026 /CNW/ — AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) reported second quarter 2026 financial results and provides an update on its 2026 guidance, operations, growth initiatives and corporate developments. Second Quarter Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Financial Highlights Normalized … Read more
Calgary, Alberta–(Newsfile Corp. – July 30, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“ObsidianEnergy“, the “Company“, “we“, “us” or “our“) is pleased to report our operating and financial results for the second quarter of 2026 (all amounts are in Canadian dollars unless otherwise noted). Highlights: Average production of 28,200 boe/d in the … Read more
Summary YPF projects Vaca Muerta will generate $50 billion in exports by 2031 Think tank says 28,000 businesses have closed under Milei, 5.5% of national total Oil and gas sector needs 30,000 to 43,000 more workers, institute says (Reuters) – Ramiro Ramirez, a trained mechanic, found work in just a month at Argentina’s Vaca Muerta, … Read more
Summary Profit of $9.8 bln vs expectations of $8.9 bln, $4.3 bln year ago Share buybacks kept at $3 bln for next quarter Highest profit, operating cashflow since 2022 Shell’s net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility … Read more
Summary US military says it hit dozens of Iran’s IRGC targets Oil tankers planned for loading at CPC terminal are heading away from Black Sea after strikes Drone strike on Lukoil refinery causes fire, damages distillation unit, sources say Brent and WTI rose more than $1 earlier in the session July 30 (Reuters) – Oil … Read more
German utility Uniper has locked down a formal long-term agreement to purchase liquefied natural gas from the $30-billion Ksi Lisims project planned for the northern British Columbia coast.
The Duesseldorf-based company will purchase two million tonne…
(Reuters) – Prime Minister Mark Carney on Wednesday played down the idea of curbing oil supplies to the United States to gain leverage in a trade war, saying that would harm Canada’s reputation. President Donald Trump, who has already imposed a raft of tariffs against Canada, on Tuesday said he did not care about renewing … Read more
By Kenneth P. Green For about 50 years now, beginning with the environmental movement of the 1970s, with concerns about global warming, “peak oil” and Al Gore’s Earth in the Balance, many have mused about an “energy transition” to change the way people power their increasingly energy-intensive lives. The idea is that somehow societies could … Read more
CALGARY, AB, July 29, 2026 /CNW/ — Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its unaudited financial and operating results for the three and six months ended June 30, 2026, and an increase to its 2026 guidance. Selected financial and operational information is set out below and should be read in conjunction with … Read more
(Reuters) – Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, two people familiar with the deliberations said on Wednesday. The composition of the coalition has not yet been finalised and is being discussed with dozens of countries, the sources said. The Saudi Center for … Read more
CALGARY, ALBERTA, July 29, 2026 /CNW/ — Surge Energy Inc.(“Surge” or the “Company”) (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30,2026, as well as an update on the Company’s latest operational achievements. As a result of continued successful drilling and waterflood results in Surge’s two core areas, on June 1, 2026 the … Read more
CALGARY, Alberta, July 29, 2026 /CNW/ — Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company“) is pleased to release financial and operating results for the second quarter of 2026. HIGHLIGHTS Q2 2026 cash flow(1)(2) (“CF“) of $786.1 million ($2.02 per fully diluted share), generating $192.1 million of free cash flow(3) (“FCF“) in the quarter. The Company entered into a long-term agreement … Read more
Increased average annual production estimate by ~10% to 43,000 to 44,000 boe/d, with target 2026 exit volumes between 48,000 and 50,000 boe/d Expanded development capital budget to $355 to $375 million that draws on our deep and growing inventory, focused on maximizing capital efficiencies and targeting opportunities with short full-cycle times and attractive return potential … Read more
CALGARY, AB, July 29, 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 and six months ended June 30, 2026. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2026 will … Read more
CALGARY, AB, July 29, 2026 /CNW/ — Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2026. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related management’s discussion … Read more
Production of 41,447 boe/d exceeded Saturn’s guidance for the eighth consecutive quarter Adjusted funds flow(1) of $123 million ($0.68/share) drove free funds flow(1) of $82 million ($0.46/share) Nimble asset base and flexible capital program supported the acceleration of $20 million of capital from Q3 into Q2 to bring volumes on sooner into a stronger oil price environment … Read more
(Reuters) – The United States and Saudi Arabia jointly struck Iran-backed groups in Iraq on Wednesday, and President Donald Trump vowed to “beat the fucking shit” out of Iran for firing on U.S. troops just days after he suspended airstrikes. Iran confirmed late Tuesday that it had fired on U.S. bases in Jordan and at … Read more
More than 40% want a temporary pause on new approvals until their impact on electricity prices, grid reliability, water use and emissions can be reviewed By This Article and More by Graison Foster Here Original: financialpost.com/business/alberta-is-all-in-on-ai-data-centres-a-new-poll-suggests-the-public-isnt/wcm/0fac48fb-16ef-47d6-8d5a-2a4002fcd4e0 A digital rendering of a proposed data centre in Alberta. Albertans don’t appear to be sold on data centres, … Read more
NISGA’A NATION, BC, July 29, 2026 /CNW/ — The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent and more sustainable economy. As part of that plan, we are expanding and strengthening our international trade energy exports. Canada has what the world wants, and providing Canadian energy … Read more
CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its second-quarter 2026 financial and operating results. In the quarter, the company generated approximately $5.0 billion of adjusted funds flow and $3.8 billion of free funds flow. Operating results in the quarter included Upstream production of 970.4 thousand barrels of … Read more
Members of the Bank of Canada’s governing council were split over how sustainable a recent economic rebound could be, deliberations from the central bank’s rate decision earlier this month show.
The Bank of Canada held its benchmark interest rate stea…
Summary Fully restoring refining capacity would require at least $20 billion, experts say Quakes left refineries unscathed but may divert resources and attention Oil exports have surged since Washington ousted Maduro and eased sanctions (Reuters) – The Paraguana Refining Center in Western Venezuela once symbolized the country’s oil wealth and its ambition to turn vast … Read more
(Reuters) – German state-controlled energy group Uniper on Wednesday finalised a 20-year liquefied natural gas purchase deal with Canada as the two nations deepen their partnership. In a preliminary deal in June, Uniper took initial steps to secure 2 million tons of gas per year from 2032 from Canada’s LNG project Ksi Lisims on British Columbia’s Pacific coast. … Read more
Summary Brent, WTI prices snap three prior sessions of decline Near-term Brent seen whipsawing in $80-$100 range, analyst says Strait of Hormuz tanker traffic remains low, shipping data shows Yemen’s Houthis considering fees for ships sailing through Red Sea, sources say (Reuters) – Oil prices jumped more than 4% on Wednesday as tensions in the … Read more
Calgary, Alberta–(Newsfile Corp. – July 28, 2026) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its second quarter results for 2026. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited condensed consolidated interim financial statements and related notes for the … Read more
CALGARY, Alberta, July 28, 2026 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and six months ended June 30, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will … Read more
CALGARY, Alberta, July 28, 2026 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This … Read more
Cenovus Energy Inc. raised its production forecast for the year as it reported a second-quarter profit of $2.87 billion, up from $851 million a year ago.
That amounted to $1.53 per diluted share, up from 45 cents per diluted share in the same quarter …
By Emma Bundy, Head of Marketing Yokogawa RAP In hazardous and compliance-driven environments, safe work depends on much more than completing a form. It depends on the quality of the risk assessment, the relevance of the controls, and the confidence that every permit reflects the real conditions of the task being performed. This is where … Read more
British Columbia Premier David Eby says he helped a cabinet minister write her statement denouncing plans for the expansion of a liquefied natural gas plant neighbouring her riding, despite his government advocating for the project.
Kelly Greene, the …
3 Minute History Canada delivers the political fireworks. This week’s episode uncovers the 1975 creation of Petro-Canada — Trudeau’s state-owned oil giant born in the 1973 crisis. Ottawa spent $340 million overnight, clashed hard with Alberta, and turned it into a takeover machine under the NEP. Now it’s just your local gas station. Created by … Read more
Transat A.T. Inc. says it has secured up to $150 million in federal aid to help offset the soaring price of jet fuel caused by the Middle East war.
The Montreal-based travel company, which runs Air Transat, says the size of the loan will be based on t…
By Terry J. Winnitoy Environmental organizations and anti-oil and gas activists are increasingly making liquefied natural gas, or LNG, a central target of their campaigns in Canada. The reason is strategic. LNG is not simply another energy project. It is the most important potential driver of future natural gas development in Western Canada. A large … Read more
Calgary, Alberta–(Newsfile Corp. – July 28, 2026) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the second quarter ended June 30, 2026. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE SECOND QUARTER OF 2026 Second quarter 2026 production of 25,636 boe/d increased by 21% compared to the same … Read more
CALGARY, AB, July 28, 2026 /CNW/ — Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its second quarter 2026 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis (“MD&A”) as at June 30, 2026 and for the three and six … Read more
(Reuters) – There are going to be no tolls and no fees for passage through the Strait of Hormuz in a coordination deal being discussed in relation to the waterway restricted by the Iran war, a U.S. official said on Tuesday. The U.S. official said Iran was making unreasonable demands that were rejected by Oman … Read more
By Niccolo Conte | Editing Bruno Venditti | Design Christina Kostandi Key Takeaways China accounted for 55.6% of global coal consumption in 2025, using more than the rest of the world combined. China and India together consumed roughly 70% of the world’s coal. Global coal consumption reached a record high for the sixth consecutive year. … Read more
Federal excise tax suspension is set to expire over the Labour Day weekend By Jonathan Juha Original: financialpost.com/news/national/ottawa-non-committal-on-extending-gas-tax-break-as-gas-prices-rise/wcm/80fbd894-9a0e-403d-b1cd-4e1c9de2d491 With a little more than a month to go before it expires, Ottawa isn’t committing to extending its suspension of the federal excise tax on gas and diesel, even as conflicts in the Middle East continue to … Read more
PetroChina may reduce its holding gradually through several smaller transactions PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter. The Chinese state-owned energy giant is working with an adviser to help gauge interest for its … Read more
(Reuters) – China has held direct talks with Yemen’s Houthi movement to enable its tankers to sail through the southern Red Sea without being attacked after the Iran-aligned militia pledged to prevent access to Saudi ports, six sources with knowledge of the matter have said. The Houthis declared their blockade on July 20, opening a … Read more
(Reuters) – Yemen’s Houthis said on Tuesday that they had fired ballistic missiles at a Saudi oil tanker, accusing the vessel of violating what they described as their maritime blockade on Saudi Arabia in the Red Sea and ignoring warning calls. The Iran-aligned group’s military spokesperson, Yahya Saree, said the vessel was forced to turn … Read more
(Reuters) – Saudi Aramco shut down its 400,000 barrel per day Jazan oil refinery in Saudi Arabia on July 27 following an attack by Yemen’s Houthi militants on Saturday, a note from consultancy IIR seen by Reuters showed. The attack damaged the plant’s Integrated Gasification Combined Cycle (IGCC) complex and the tank farm area, the … Read more
CALGARY, AB, July 28, 2026 /CNW/ — Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three and six months ended June 30, 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 and six months ended June 30, … Read more
By Yogi Schulz The incredible demand for AI-related computing capacity is driving rapid growth in AI data centres worldwide. The Alberta government is keen to ensure that some of that investment occurs in Alberta and has set a goal of attracting $100 billion in investment by 2030. Recently, Pembina Pipeline Corp. and its partners announced … Read more
By Reuters July 28 – OPEC+ is likely to pause its gradual oil output hikes after September for the rest of 2026, four sources said, as it needs to have additional talks before deciding its output quotas for 2027. OPEC and Russian authorities did not immediately respond to requests for comment.
Canadians are experiencing a “déjà vu all over again” moment as President Trump announces sweeping new tariffs on Canadian goods. Fewer than one-in-10 (7%) say Canada should capitulate to avoid them — most want counter-tariffs, and confidence in Mark Carney’s ability to strike a good deal has slipped since spring. Angus Reid Institute, online survey, … Read more
Summa Australia to conduct feasibility study for refinery Project to help boost sovereign capability, PM says Treasury warns oil market has become more vulnerable (Reuters) – Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas … Read more
By Alex Whalen Premier Tony Wakeham’s government has set an ambitious goal to reduce red tape, the unnecessary or excessively burdensome regulation on businesses, which drives up the cost of doing business and ultimately harms economic growth in Newfoundland and Labrador. As one leading researcher in the field explained, the term “Red tape is intended to … Read more
A new oil pipeline to the West Coast would lift Canada and Alberta’s gross domestic product, but perhaps not to the degree the provincial and federal governments are forecasting, says a new report from TD Economics.
The government analysis predicts a…
By Maureen McCall North American trade and infrastructure challenges in the new age of AI The dramatic rise of AI is reshaping energy systems, infrastructure planning and ultimately economies in North America and around the world. The importance of North American trade and its significant impact on the global economy is undeniable, with a reported … Read more
Trump pauses attacks to allow more time for diplomacy, US ambassador says Trump threatens strong military action if talks with Iran fail Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says NEW YORK, July 27 (Reuters) – Oil prices fell on Monday, settling … Read more
CALGARY, AB, July 27, 2026 /CNW/ — Topaz Energy Corp. (TSX:TPZ) (“Topaz” or the “Company”) is pleased to provide second 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 and … Read more
CALGARY, Alberta, July 27, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three and six months ended June 30, 2026. Key Highlights: Delivered record Infrastructure adjusted EBITDA(1) of $169 million, driven by higher throughput, improved utilization and continued optimization across the growing asset network Generated … Read more
(Reuters) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East. The Middle East conflict has dominated energy markets this year with repeated … Read more
(Reuters) – Yemen’s Iran-aligned Houthis said on Monday they targeted a number of sensitive crude oil supply and transport sites linking eastern Saudi Arabia to the critical Red Sea oil export hub of Yanbu. Saudi state oil giant Aramco did not immediately respond to a request for comment. Houthi military spokesperson Yahya Saree said the … Read more
Canada’s main stock index finished in positive territory, and oil prices fell Monday after the U.S. and Iran paused attacks, while U.S. markets were mixed.
Oil prices reversed course from a week ago, when a sharp escalation in fighting between th…
Iran said on Monday it was still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States, after President Donald Trump halted a two-week bombing campaign that his top brass told him had run its course. Following 13 successive nights of intensifying bombing that provoked Tehran to … Read more
Reuters One of the debates since the start of the Iran war has been whether crude oil futures are accurately reflecting the stresses in physical markets for both oil and refined products, or if they are blindly optimistic that peace is around the corner. The Iran war between the United States and Iran continues along … Read more
Calgary, Alberta–(Newsfile Corp. – July 27, 2026) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (“Saturn” or the “Company“), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to announce that our offer (the “Offer“) to acquire all of the issued and outstanding common … Read more
Summary Trump pauses attacks to allow more time for diplomacy, US ambassador says Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says (Reuters) – Oil prices tumbled 7% on Monday, hitting a one-week low, after the U.S. and Iran paused strikes over the weekend following … Read more
In the world of oil and gas, managing asset integrity shouldn’t require juggling multiple disconnected systems. Yet for many producers, that’s the reality – equipment data lives in one place, inspections in another, and scheduling somewhere else. It’s a recipe for misalignment, inefficiency, and risk. Muddy Boots changes that. Our all-in-one operations platform has organically … Read more
Methane monitoring is an important consideration at underground natural gas storage facilities, particularly around wellheads and other potential leak sources. However, adding fixed-point gas detection is not always straightforward. At established brownfield facilities, the locations that require additional monitoring may be far from existing power, communications wiring or conduit. Extending that infrastructure can require considerable … Read more
How economic reconciliation, global demand and infrastructure pragmatism can rebuild Canada energy sovereignty By Jim Rushton A West Coast Oil Pipeline (WCOP) proposal was announced on July 2. It would run from Bruderheim, Alberta—northeast of Edmonton—to Delta, B.C., largely twinning the existing Trans Mountain route. Trans Mountain Corporation and Pembina Pipeline have come forward as proponents. The … Read more
By EnergyNow Editorial Staff New Pacific and east-west pipelines, a reworked Keystone XL proposal and lower-cost expansions of Trans Mountain and Enbridge’s existing systems could reshape where Canadian oil is sold. The bigger question is which projects will actually be built. Canada is entering another consequential period for pipeline development. After years in which most … Read more
By EnergyNow Editorial Staff The debate over renewable and conventional energy is too often presented as a choice with wind and solar on one side, oil, natural gas, nuclear and hydro on the other. That framing may be politically convenient for anti-oil and gas groups and politicians, but it bears little resemblance to the way … Read more
Signs of the Iran war’s spread emerged this weekend despite a pause in U.S. strikes, as Yemen’s Iran-aligned Houthis attacked Saudi oil installations along the Red Sea coast and Iran accused Ukraine of targeting an Iranian vessel in the Caspian Sea. The U.S. military said on Saturday that its naval blockade against Iran “remains in … Read more
Reuters Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturday. It said it was the largest foreign direct investment in the country’s history. Under the investment called … Read more
Iranian Oil Minister Mohsen Paknejad said Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100 million barrels of stored crude oil and gas condensate. The sales generated more … Read more
Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada on Wednesday will publish a summary of the governing council’s monetary policy deliberations for its interest rate decision earlier this mont…
The British Columbia government is exempting a utility company that plans to expand its liquefied natural gas plant in Metro Vancouver, allowing the $2-billion investment to move ahead.
Energy Minister Adrian Dix says the government has issued an ord…
(Reuters) – U.S. oil and gas producer Devon Energy is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The potential divestment comes amid continued investor pressure on Devon to streamline its portfolio … Read more
July 23, 2026 – The announcement of a proposed new oil pipeline from Alberta to the British Columbia coast has opened a new front in Canadian energy politics, promising expanded access to overseas markets while renewing longstanding debates over economic benefits, environmental risk and provincial interests. New data from the non-profit Angus Reid Institute finds … Read more
Brent, WTI fall by more than 5% before paring losses Trump vows to punish Iran for Houthi Red Sea attacks Strait of Hormuz tanker crossings subdued HOUSTON, July 24 (Reuters) – Crude oil futures prices were more than 4% lower on Friday after sources said that China had initiated a push to resume stalled peace … Read more
(Reuters) – U.S. energy firms this week cut the number of rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, fell by one to 587 in the week to … Read more
(Reuters) – The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as oil prices surged back to $100 a barrel. Only one tanker crossed the Strait of Hormuz on July … Read more
(Reuters) – U.S. President Donald Trump promised “major military punishment” for Iran and its Houthi allies after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint. Fears that disruption could widen to block another sea route sent global oil prices surging … Read more
CALGARY, AB, July 23, 2026 /CNW/ — Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three and six months ended June 30, 2026. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements and the related management’s discussion … Read more
Premier Danielle Smith to Canada — Don’t mess with Alberta oil By Rick Bell Dominic A. LeBlanc, Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and Minister of Internal Trade, speaks with Alberta Premier Danielle Smith, who is seen crossing her fingers, before the start of a First Ministers meeting in Charlottetown, PEI on Thursday, July 23, … Read more
Summary Brent, WTI down over $3 earlier in session; set for around 10% weekly gain Trump vows to punish Iran for Houthi attacks in the Red Sea Hormuz tanker crossings subdued (Reuters) – Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted … Read more
Canada’s three Maritime provinces agreed Thursday to work together on their future electricity needs as the country looks to bolster its energy security.
The provincial governments plan to make a regional road map for electricity transmission by next …
Woodfibre LNG says it has reached 70 per cent completion with production coming into view at time when Canada is looking to diversify exports By This Story and More by Derrick Penner Here From the eastern shores of Howe Sound in southwestern B.C., it may be difficult at first to appreciate the sheer size of … Read more
Don Wright ran B.C.’s public service. His new reading of 30 years of federal fiscal data says Alberta’s oilsands quietly paid the rest of the country’s bills—and he is not finished with the argument. By Stewart Muir Don Wright at the IPSS 2022 | Resource Works Society Don Wright served as deputy minister to the … Read more
As Canada’s Energy Expansion Cycle Accelerates, Demand for Oilfield and Industrial Service Companies is Surging Western Canada’s energy industry is entering a new phase of growth, and the companies attracting some of the strongest investor and buyer interest are no longer just producers. Increasingly, it is the energy service sector—oilfield service providers, environmental services firms, … Read more
The premiers’ new consensus on energy corridors and faster approvals is significant. But Canada still cannot say how long a major project actually takes. By Stewart Muir Canada’s premiers hold a press conference closing the Council of the Federation meetings in Charlottetown on Wednesday July 22, 2026. THE CANADIAN PRESS/Darren Calabrese Something important happened in … Read more
Increasing Share Buybacks; Full Year Production Guidance Raised; Capital Guidance Unchanged Highlights: Generated second quarter cash from operating activities of $1.6 billion, Non-GAAP Cash Flow of approximately $1.3 billion and Non-GAAP Free Cash Flow of $682 million after capital expenditures of $574 million Produced average second quarter volumes of 615 thousand barrels of oil equivalent … Read more
By Olesya Astakhova and Alex Lawler OPEC+ seven members meet on August 2 Iran war pushes oil back to $100 a barrel Red Sea threats raise Gulf export concerns MOSCOW/LONDON, July 23 – OPEC+ oil-producing countries will likely agree a further hike in output targets from September when they meet on August 2, three sources … Read more
Imports from Venezuela are on pace to hit 804,000 barrels a day By Lucia Kassai American fuelmakers are gorging on the most Venezuelan oil in almost a decade as the threat of wildfires in Canada risks disrupting supplies at a time when refineries from Texas to Louisiana are running at full tilt. Imports from Venezuela … Read more
By Siddharth Cavale Brent closes above $100 a barrel for first time since May 22 Houthis say they attacked Saudi tankers in the Red Sea Trump vows “major military punishment” for Iran and its Houthi allies NEW YORK, July 23 (Reuters) – Oil prices settled above $100 on Thursday for the first time since May … Read more
(Reuters) – U.S. President Donald Trump told Axios in an interview on Thursday that he is seriously considering restarting major combat operations in Iran, which could include larger strikes than those carried out during “Operaton Epic Fury,” the news outlet reported. “They haven’t received enough pain yet,” Axios quoted Trump as saying, adding that Trump … Read more
Canadian and U.S. markets lost ground Thursday following a sharp increase in oil prices after attacks on two Saudi oil tankers in the Red Sea.
Carol Schleif, chief market strategist at BMO Private Wealth, said that markets were facing a “wall of worr…
Fuel costs are on the rise in Canada as geopolitical turmoil drives the price of crude oil to its highest level in more than a month.
Gasbuddy.com, which crowdsources pump price data from across Canada and the U.S, says the Canadian national average …
(Reuters) – Global electricity demand is expected to continue to grow faster in 2026 and 2027, with renewables expected to take over as the world’s largest source of electricity generation in 2026, the International Energy Agency said in its Electricity Mid-Year Update. Global electricity demand is expected to grow by 3.6% in 2026 and 3.8% … Read more
(Reuters) – The expansion of the Iran war to the Red Sea has thrown the oil market another dangerous curveball, choking off a fragile recovery in energy flows. The global economy might increasingly respond to this escalation by slowing down. Nearly two weeks into the renewed conflict between the United States and Iran, tensions in … Read more
Strong demand for Russian oil from China to replace Mideast supply Two Chinese refiners buy most of the September-loading ESPO Some independents seek to resell Mideast crude for profit Chinese refiners in talks to buy cheaper Iranian oil SINGAPORE, July 23 (Reuters) – Some Chinese refiners have ramped up purchases of sanctioned Russian crude despite … Read more
(Reuters) – Oil production in Kazakhstan has declined after the closure of a Black Sea terminal that serves as the main outlet for the country’s crude shipments and was recently targeted by drone attacks, two industry sources said on Thursday. The decline has been particularly sharp at the Chevron-led Tengiz field, Kazakhstan’s largest oilfield. One … Read more
(Reuters) – Goldman Sachs maintained on Thursday its Brent crude forecast of $80/barrel for the fourth quarter of 2026, saying lower Middle East supply should support prices if tensions between the United States and Iran ease by year-end. The investment bank said its forecast reflects price support from lower Middle East output in the second … Read more
(Reuters) – U.S. jet fuel demand hit a record high last week as soccer fans thronged to New York and New Jersey to watch Spain take on Argentina in the final match of the World Cup, data from the U.S. Energy Information Administration showed on Wednesday. U.S. jet fuel product supplied – the EIA’s way … Read more
(Reuters) – Yemen’s Houthis said early on Thursday they had carried out a military operation targeting two Saudi oil tankers, and maritime security reports said one of the vessels named by the group, the Saudi-flagged tanker Encelia, had been hit in the Red Sea. The Houthis identified the two tankers as “ENCELIA” and “LAYLA”, saying … Read more
Trucking and logistics company Mullen Group Ltd. reported a second-quarter profit of $36 million, up from $25.6 million a year ago, as its revenue rose more than 10 per cent.
The company says the profit amounted to 37 cents per diluted share for the q…
Oil production in North Dakota fell 16,000 barrels-per-day (bpd) to 1,125,000 bpd in May, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,096,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to the nearest … Read more
By Julio Mejía and Elmira Aliakbari Premier Doug Ford and Alberta Premier Danielle Smith recently unveiled their proposal for a pipeline that would carry oil from Alberta to Ontario. Thanks to federal policies, private-sector companies are unwilling to invest in the project. More on that in a moment. The 3,300-kilometre pipeline proposal, called the Northern Shield Energy … Read more
Summary Brent crude up, at its highest since June 8 Iran’s Revolutionary Guards say Strait of Hormuz is under their control and ‘completely closed’ U.S. completes 12th straight night of attacks on Iran (Reuters) – Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in … Read more
Summary Companies Congress now has 90 session days to object before the pact takes effect The pact omits the IAEA Additional Protocol for intrusive snap inspections It allows Saudi Arabia to enrich uranium and reprocess nuclear waste (Reuters) – The U.S. and Saudi Arabia have reached a landmark agreement on civil nuclear power, the U.S. … Read more
By: Julio Mejía and Elmira Aliakbari The Alberta government and the Carney government recently jointly submitted a new oil pipeline proposal to the federal “Major Projects Office” where Carney and his cabinet will decide whether or not to fast-track the proposal through the regulatory process. Why do the Smith and Carney governments plan to build … Read more
Manitoba Premier Wab Kinew said Wednesday he’s open to a west-east pipeline being pitched by his counterparts in Alberta and Ontario.
Kinew, speaking to reporters at a meeting of premiers in Charlottetown, said the pipeline could make Canada stronger …
(Reuters) – QatarEnergy is readying to extend force majeure on liquefied natural gas shipments through mid-October, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. Several buyers in Europe and Asia said separately they are expecting a formal notification, the report said. Reuters could not immediately verify the report. QatarEnergy did not … Read more
(Reuters) – Iran’s top negotiator Mohammad Baqer Qalibaf said on Wednesday that no one will be able to sell oil in a region where Iran is not able to do so, adding that if Tehran’s security is not ensured, no infrastructure will be safe. “The equation of this war is clear: either all or none,” … Read more
WASHINGTON, July 22 (Reuters) – President Donald Trump renewed his threats to attack Iranian infrastructure on Wednesday, saying the U.S. would attack a bridge or power plant each time Tehran targets a ship in the Strait of Hormuz. “Any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether … Read more
Canada’s main stock index rose more than 100 points to reach a new record high despite tariff concerns, as U.S. stock indexes barely budged on Wednesday.
“The markets are still chugging along; I would call it looking for a reason to go higher bu…
BAGHDAD, July 21 (Reuters) – Iraq’s oil minister said on Tuesday that agreements signed between the oil ministry and U.S. companies during the Iraqi Prime Minister Ali al-Zaidi’s visit to U.S. were estimated at $200 billion. In an interview with Iraqi state television, the minister Basim Mohammed said the agreements would add significant oil production … Read more
By Siyi Liu, Trixie Sher Li Yap, Nicole Jao and Seher Dareen Crude supply disruption hampers Asian fuel output recovery Strained Asian output and Russian diesel export ban boost global refining margins China has most spare capacity to boost throughput Refiners in Europe and US to run flat out in third quarter SINGAPORE, July 22 … Read more
(Reuters) – U.S. Secretary of State Marco Rubio said on Wednesday that Iran is not serious about talks to end their war, as the widening conflict disrupted two of the world’s most critical energy chokepoints. Four tankers carrying Saudi crude to Asia reversed course in the Red Sea on Wednesday, a day after three others … Read more
(Reuters) – Four tankers changed their navigational course in the Red Sea on Wednesday with two signalling the Suez Canal as their new destination after Yemen’s Houthi militia warned ships to avoid sailing to Saudi Arabian ports, ship tracking data showed. The vessels all changed their direction, with the other two signalling their destination as … Read more
By Anushree Ashish Mukherjee Summary US military carries out 11th successive night of attacks on Iran Three tankers carrying Saudi crude make U-turns in Red Sea after Houthi warning Brent and WTI touch highest since June 11 July 22 (Reuters) – Oil prices rose to a near six-week high on Wednesday, with Brent crude surpassing $95 … Read more
By Anushree Ashish Mukherjee China sharply cut crude imports and demand, reducing pressure on global oil markets U.S. boosted output and released Strategic Petroleum Reserve crude June reopening of Strait of Hormuz eased immediate supply fears July 20 (Reuters) – As the United States and Israel went to war with Iran at the end of … Read more
One of the world’s largest investment firms is making a major bet on the equipment and supplies that keep Western Canada’s economy operating. Brookfield has agreed to acquire Edmonton-based Gregg Distributors LP, a nearly 60-year-old supplier of industrial, automotive, agricultural, construction and heavy-truck products. The transaction values the company at an enterprise value of approximately … Read more
The general unreliability of all information presents a special problem in war: all action takes place, so to speak, in a kind of twilight, which, like fog or moonlight, often tends to make things seem grotesque and larger than they really are. Carl von Clausewitz, On War (1832-4) By Jim Warren There is a … Read more
By Yogi Schulz The incredible demand for AI-related computing capacity is driving rapid growth in AI data centres worldwide, as shown in the chart below. The Alberta government is keen to ensure that some of that investment occurs in Alberta and has set a goal of attracting $100 billion in investment by 2030. Source: AI … Read more
CALGARY, AB, July 21, 2026 /CNW/ — Ensign Energy Services Inc. (“Ensign“) is pleased to announce that it, through a subsidiary, has entered into an agreement with the shareholders of Citadel Drilling Ltd. (“CDL“) for Ensign to acquire, subject to certain closing conditions, all of the issued and outstanding shares of CDL (the “Transaction“) for consideration of … Read more
The United States’ war in Iran has cost $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, an increase of nearly $8 billion since the last public estimate. Hegseth told lawmakers at a hearing in Washington that the figure included certain aspects of the war as well as anticipated costs through … Read more
Natural gas shipper TC Energy Corp. says two newly built projects are up and running in western Alberta.
The Calgary-based company says it invested a total of $500 million in its Valhalla North and Berland River projects.
They’re part of TC’s vast NG…
By Ian Biana Shannon Joseph has spent the past year doing something Canadians rarely do. She listened to the customer. Joseph chairs Energy for a Secure Future, a coalition backed by the Canadian natural gas industry. She returned to join Stewart Muir on the Power Struggle podcast this month, fresh off a run of international missions, … Read more
Despite government spending and regulations on green energy transitions, fossil fuels still accounted for 76.3% of Canada’s domestic energy consumption in 2024 compared to 76.8% in 1995 By: Kenneth P. Green, Julio Mejía and Elmira Aliakbari Energy Facts – Canada Edition Despite continued discussion about energy system transitions, fossil fuels remain central to Canada’s … Read more
3 Minute History Canada goes mega! This week’s episode explores the massive energy megaprojects sparked by the 1970s oil shocks — Syncrude’s Mildred Lake oilsands giant, heavy-oil upgraders, SAGD innovation, and the stormy offshore developments and innovations at Hibernia and Sable Island. Ambition, engineering grit, and federal-provincial tension in one epic decade. Created by historian … Read more
(Reuters) – Shipping companies should not load or discharge cargo at Saudi Arabian ports and such activity may result in being targeted “in any location” by Yemen’s Iran-aligned Houthi militia, according to an email sent to companies by the Houthis. The Houthis on Monday declared a naval blockade against Saudi Arabia, opening a potential new … Read more
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday that there has been a substantial decrease in China’s purchases of Iranian oil. “We have sanctioned Chinese… so-called teapot refineries, which are the private refineries, and we’ve seen a substantial decrease in their purchases of Iranian oil,” Bessent said in an interview with Fox Business … Read more
(Reuters) – Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and Gulf output only fully recovers by the end of 2027. Oil prices softened on Tuesday, with markets … Read more
(Reuters) – Saudi Arabia’s crude oil exports in May fell to 3.434 million barrels per day from 3.986 million bpd in April, official data showed on Tuesday. 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
July 21 (Reuters) – The International Energy Agency’s (IEA) member countries still hold substantial emergency oil stocks in reserve despite the largest coordinated release of strategic reserves on record, it said on Tuesday. The agency said that about 290 million barrels of oil have been released by member countries since the release was announced on … Read more
Halliburton’s quarterly Middle East revenue falls nearly 11% CEO Miller expects North America recovery to continue this year Shares fall 4.3% July 21 (Reuters) – Halliburton (HAL.N) edged past Wall Street estimates for second-quarter profit on Tuesday as gains in its other international markets offset declines in the Middle East, but shares fell 4.3% in … Read more
What a difference a day makes. Maureen McCall While U.S. and Canadian business leaders and U.S. Ambassador to Canada Pete Hoekstra were in morning meetings at the 2026 Pacific Northwest Economic Region (PNWER) Annual Summit in Edmonton, Alberta, discussing greater U.S./Canadian business collaboration yesterday, the White House was preparing an afternoon pivot. By 3 pm MDT, … Read more
Irving’s refinery in Saint John, New Brunswick is capable of processing about 300,000 barrels of oil a day By Nathan Risser Irving regularly conducts fall maintenance at the plant, undergoing a 30-day fall turnaround in 2025, including upgrades to a gasoline-making unit. Photo by BRICE MCVICAR/BRUNSWICK NEWS Canada’s largest oil refinery is planning to shut … Read more
Comparing Business Investment per Worker In Canada and the United States, 2007–2024 By Tegan Hill, Joel Emes and Taylor Oliver Economists have warned of Canada’s weak business investment, particularly compared to the United States. This should concern Canadians as strong business investment is key to higher incomes, greater economic prosperity, and improved living standards. Real … Read more
The U.S. ambassador to Canada says Alberta and Saskatchewan could make the “most compelling” case to meet the oil needs of the United States.
Pete Hoekstra says the U.S. needs to find three to four million more barrels of oil per day over the next dec…
By Arathy Somasekhar Summary Yemen’s Houthis threaten naval blockade of Saudi Arabia Received mediators’ proposal, Iranian official tells Reuters US, Iran exchange fresh strikes (Reuters) – Oil prices fell on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of … Read more
Calgary, Alberta–(Newsfile Corp. – July 20, 2026) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce that it has entered into a definitive agreement today to acquire high netback assets under waterflood targeting the Sparky formation in the Greater Provost area of Alberta (the “Assets“) for cash consideration of $70.0 million, prior to closing … Read more
Canada’s main stock index lost more than 300 points on Monday as Statistics Canada reported inflation data for June, while U.S. markets were also negative.
On Monday, Statistics Canada said lower gas prices were the major force pulling the headline …
PRINCE GEORGE, BC, July 20, 2026 /CNW/ — Canada is taking the next step in building infrastructure that will strengthen our economy, secure energy sovereignty and ensure affordability for Canadians. Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that construction has begun on the Sunrise Expansion Program in British Columbia, following the Government … Read more
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 5.1 million barrels to 311.4 million barrels last week, the lowest level since March 1983, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. Since … Read more
(Reuters) – Yemen’s Iran-aligned Houthis will impose a maritime blockade on Saudi Arabia, they said on Monday, further throttling a global energy market already greatly restricted by Iran’s closure of the Strait of Hormuz. This is why it matters and what it means for the Iran war and the global energy crisis: HOW BIG IS … Read more
CALGARY, AB, July 20, 2026 /CNW/ — Canadian Utilities Limited (TSX: CU) Alberta Utilities Commission approves the construction and operation of the facilities for the Yellowhead Pipeline Project; construction is set to begin immediately. ATCO is leading energy infrastructure investment, furthering resource accessibility and economic opportunity in Alberta. With an estimated investment of $2.9 billion, the natural gas pipeline … Read more
Enbridge Inc. has broken ground on a $4-billion natural gas pipeline expansion in British Columbia.
The federal government approved the Sunrise Expansion Program in April.
The project aims to add another 300 million cubic feet per day of transportat…
(Reuters) – The Kuwaiti Foreign Ministry condemned on Sunday what it described as an Iranian attack on a power generation and water desalination facility, calling it a direct strike on vital civilian infrastructure. The repeated targeting of civilian facilities amounted to a dangerous escalation and violated international law, the U.N. Charter and U.N. Security Council … Read more
(Reuters) – Irving Oil’s 320,000-barrel-per-day refinery in Saint John, New Brunswick, will begin a two-month turnaround in September, the company said on Friday. The fall turnaround project, is expected to begin in September and continue till mid-November, the company said on its website. Saint John, Canada’s largest refinery, supplies fuel across markets in Atlantic Canada … Read more
Canadian Utilities Ltd. says the Alberta Utilities Commission has approved the Yellowhead natural gas pipeline project with construction set to begin immediately.
The $2.9-billion project includes the construction and operation of a 235-kilometre natu…
The annual rate of inflation eased back below three per cent in June as motorists paid less to fill up the gas tank, Statistics Canada said Monday.
Inflation slowed to 2.8 per cent in June, down from the recent high of 3.2 per cent in May and a tick l…
Westech Industrial Ltd. is pleased to announce the addition of Penberthy products to its Western Canadian offering, supporting customers throughout Saskatchewan, Alberta and British Columbia with a broader range of trusted level indication, boiler monitoring and process visibility solutions. Penberthy products are used where operators require clear visibility into liquid levels, process flow or vessel … Read more
Summary Four vessels crossed Hormuz on Sunday, down from eight on Saturday, LSEG data showed No LNG tankers have been visible passing through the strait since Thursday Seven laden Qatari LNG carriers held about 0.57 million metric tons as of mid-July, S&P Global said (Reuters) – The number of ships transiting the Strait of Hormuz … Read more
Summary Iran’s Guards say two oil tankers immobilised in Strait of Hormuz Shipping recovery has effectively stalled, analysts say Brent and WTI benchmarks hit more than one-month high (Reuters) – Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between … Read more
Even with the public onside, the case for jobs, tax revenue and small-town renewal still has to be made By Geoff Russ Prime Minister Mark Carney and Alberta Premier Danielle Smith arrive to announce a proposed pipeline from Alberta to the B.C. coast in Calgary on Thursday, July 02, 2026. THE CANADIAN PRESS/Todd Korol If … Read more
Across Canada, plans are underway for a massive boom in construction of the huge new data centres needed for artificial intelligence technology.
But opposition is also building as residents worry about how the facilities will affect their communities …
By: Kenneth P. Green Back in November 2025, the federal government and the Alberta government jointly announced they’d come to an agreement—a Memorandum of Understanding (MOU)—that would create a pathway for Alberta to get a pipeline built to carry oilsands production to lucrative markets in Asia. It was not, as I wrote at the time, a … Read more
If the U.S. and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency Executive Director Fatih Birol said on Thursday. “Oil security is still a critical issue,” Birol told a Council on Foreign Relations event. “We should be worried, and I … Read more
Summary Agreements, MOUs signed at the summit exceeded $60 billion ConocoPhillips agreed to buy a 42% stake in BP Energy of Kirkuk Ltd BP CEO Meg O’Neill cites Iraq’s resources and energy security role Trump envoy says Iran war brings chaos but Iraq at forefront of new security alliance WASHINGTON, July 17 (Reuters) – Western … Read more
By Karen Restoule Original: thehub.ca/2026/07/11/why-b-c-is-mired-in-first-nations-land-disputes-and-where-to-go-from-here/ 2025 was a big year for British Columbia. They learned a pretty tough lesson: good intentions don’t necessarily translate to good governance results. After years of celebrating the United Nations Declaration on the Rights of Indigenous Peoples(UNDRIP), the B.C. NDP government believed it had found the path forward for its … Read more
Project would help reach global markets, grow the economy and build Indigenous partnerships By Grady Semmens Construction of the Trans Mountain expansion project in B.C.’s Lower Mainland, 2023. Photo courtesy Trans Mountain Corporation As Canada looks to strengthen its economy and expand its role in global energy markets, observers point to a clear opportunity: increasing … Read more
How 15 years of political warfare transformed Canadian capitalism—and why the state may be building its way back out By Stewart Muir The greatest victory of the anti-pipeline movement that took root in Canada wasn’t stopping pipelines. It was making sure governments would build them instead. That sentence should bother you. It should bother you … Read more
‘Our EV sales in Alberta alone are up 50 per cent,’ says Jack Uppal, GM Canada’s president By Steven Wilhelm General Motors’ electric vehicle sales are surging in Western Canada, as the return of federal incentives pushes consumers away from the pump and towards the outlet. “Our EV sales in Alberta alone are up 50 … Read more
By Nicole Jao Strait of Hormuz flows have slowed after last month’s truce collapsed Iran pressed Houthis to disrupt Red Sea shipping if US hits power sites NEW YORK, July 17 (Reuters) – Oil prices climbed more than 4% to their highest in more than a month on Friday after the U.S. and Iran stepped … Read more
(Reuters) – U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest since April 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count, an early indicator of future … Read more
Canada’s main stock index edged lower on weakness in the technology sector as falling AI stocks dragged U.S. markets lower.
Friday’s trading session came ahead of a key inflation report from Statistics Canada on Monday.
“The Canadian economy…
By EnergyNow Editorial Staff Newfoundland and Labrador’s offshore petroleum industry is entering one of the most consequential periods in its history. After several years dominated by project delays, production interruptions, asset-life-extension work and weak exploration activity, the province is experiencing stronger oil output, the imminent startup of West White Rose and renewed momentum behind the … Read more
A Macdonald-Laurier Institute study argues that if British Columbia wants to keep attracting resource investment, it first needs to measure what the consultation process actually costs—and where reform would do the most good. By Ian Biana Making it Count. Image courtesy of the Macdonald-Laurier Institute. For years, British Columbia has argued about Indigenous consultation in … Read more
(Reuters) – For U.S. President Donald Trump, Australia’s failed “Great Emu War” nearly a century ago offers a highly relevant lesson: technological superiority does not guarantee victory against a dispersed and resilient foe. At first glance, efforts to prevent flocks of large, flightless birds from devastating farmland seem to have little in common with the … Read more
Falling gas prices in June are expected to pull the annual inflation rate back below three per cent when Statistics Canada reports fresh price data on Monday.
A Reuters poll of economists expects inflation fell to 2.9 per cent in June from a recent hi…
(Reuters) – Oil prices inched up on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi organisation to stand ready to shut the Red Sea export route. Brent crude futures rose 7 cents, or about … Read more
Growth of U.S. LNG exports now expected to support 555,000 jobs annually and add $1.4 trillion to GDP through 2040 while domestic natural gas prices will remain among lowest in the world WASHINGTON, July 16, 2026 /PRNewswire/ — Growing exports of U.S. liquefied natural gas (LNG) are now on track to support 550,000 jobs annually … Read more
Keyera Corp. has told the Competition Tribunal that its purchase of Plains’ All American Pipeline LP’s natural gas liquids business does not amount to the acquisition of a “vigorous, effective rival” and was instead a “pro-competitive development.”
T…
Alberta Premier Danielle Smith says close to 800,000 people have applied for her government’s $100 energy rebate.
Smith says she expects the first batch of payments to start landing in Albertans’ bank accounts in the next few days.
She also says the…
By Ben Eisen Canada’s equalization program is heading for its comprehensive mandatory review by March 2029, and Finance Canada is already making preparations. Officials should not treat the review as a routine exercise. Big changes should be on the table. But if Ottawa wants the next round of equalization reform to be meaningful, it first … Read more
Robert Tuttle (Bloomberg) – On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil. Both firms are fracing into the sandstone that makes up the Basel Belly River formation in an area southwest of the Alberta’s provincial capital … Read more
By Shariq Khan Oil falls after rallying earlier in the week, analyst says sign of market exhaustion Iran tells Houthis to close Red Sea gateway if US hits power network, sources say US strikes Iranian coastal defenses, missile sites Fewer vessels have traveled through Hormuz strait after US resumed its blockade NEW YORK, July 16 … Read more
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. CALGARY, AB, July 16, 2026 /CNW/ — Paramount Resources Ltd. (“Paramount”) (TSX:POU) has completed the previously announced dividend in kind to its shareholders of 19,264,270 common shares of AKITA Drilling Ltd. (“AKITA Shares”). Paramount no longer owns or controls any … Read more
(Reuters) – Liquefied natural gas is poised to become the United States’ second-largest net export industry within five years, adding nearly $1.4 trillion to its gross domestic product through 2040, according to an S&P Global Energy study. In 2025, the country became the first to export more than 100 million metric tons of LNG in … Read more
(Reuters) – Yemen’s Houthi leader Abdul Malik al-Houthi said on Thursday that all Saudi oil and other vital facilities would be targets for the group’s missiles and drones if Riyadh escalated its involvement in the conflict. The warning came after the Houthis fired missiles at Saudi Arabia, accusing the kingdom of bombing an airport under … Read more
The vote makes Smithers the second B.C. council to turn the study down outright. Of the councils that have voted, none backed CAPE’s companion call to freeze LNG approvals. By Ian Biana Screenshot from the Smithers council meeting on July 14, 2026, where councillors voted on a proposal to fund an LNG health study. On … Read more
Those opposed to both BC and ON projects say Canada should be more concerned about environment July 16, 2026 – The Calgary Stampede political circuit was focused on the two Ps: pancakes and pipelines. Plenty of the former were flipped while plans were laid for the latter. Now, new data from the non-profit Angus Reid Institute … Read more
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta–(Newsfile Corp. – July 15, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces that we have entered into an underwriting agreement to sell, on a private placement basis (the “Offering“), … Read more
By Jason Chiu AXIS D2123-VE radar solution in a solar field Routine inspections remain one of the most important tools for maintaining energy infrastructure. Whether operators are overseeing substations, transmission corridors, renewable energy facilities, compressor stations, or remote pumping sites, scheduled inspections provide critical opportunities to assess equipment condition, identify maintenance requirements, and verify operational … Read more
By Terry J. Winnitoy Canadians like myself that have been directly involved or indirectly asociated with the oil and gas industry have no illusions about what comes next. But those Canadians that are not should be aware of what comes next as well. For the first time in years, much of the country appears prepared … Read more
Summary US launches multiple strikes on Iran, which retaliates Fewer vessels travel through Hormuz as US, Iran continue strikes Brent and WTI remain close to one-month high July 16 (Reuters) – Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through … Read more
By Kenneth P. Green Once again, a hot-button environmental debate has reopened in Nova Scotia. To use hydraulic fracturing (a.k.a. fracking) technology to unlock Nova Scotia’s natural gas resources, or to leave those resources (underground or undersea) unmeasured and untouched. To frack or not to frack—that’s still the question, raging now and then for some … Read more
(Reuters) – Renewed disruptions to Persian Gulf oil exports could keep upward pressure on prices in the near term, Goldman Sachs said in a note on Tuesday, adding that the next phase of recovery in flows remains uncertain and could be slower than the initial rebound even after geopolitical de-escalation. Goldman estimates that Gulf exports … Read more
3 Minute History Canada shows what crisis and political will can achieve. This week’s episode tells the story of Line 9 — the 830-km pipeline from Sarnia to Montreal brought to life in just 14 months after the 1973 embargo. Western crude finally flowed east, slashing import dependence and building towards a true national market. … Read more
In 15 of the Last 25 Years, One or More Provinces with Higher Living Standards (per person GDP) Received Equalization While a Province with Lower Living Standards Did Not By Tegan Hill and Joel Emes Is Equalization Broken? Comparing Payments with GDP per Person If the equalization program works as intended, there should be a … Read more
(Reuters) – Iran’s top negotiator Mohammad Baqer Qalibaf said on Wednesday that if Iran did not benefit from its memorandum of understanding with the U.S., “we have no reason to adhere to such an understanding”. Iran’s national security depends on maintaining “Iranian arrangements” in the Strait of Hormuz, Qalibaf added in a statement posted on … Read more
A handful of federal ministers are expected to address hundreds of First Nations chiefs as they gather in Ottawa today.
They’ll be speaking in front of the Assembly of First Nations’ annual general meeting about public safety, the economy and natural …
A landmark equity option would provide five North Coast First Nations majority ownership of the largest LNG storage tank in Canada, starting from the construction phase. By Angela Wrigley Five First Nations on British Columbia’s North Coast now have the option to buy a majority stake in the largest LNG storage tank in the country. Announced … Read more
Not only will the country with more punitive policies lose economic activity as production and investment move elsewhere, but the environmental benefits will also be offset, undermined or reversed by increased emissions elsewhere. By Annika Segelhorst and Elmira Aliakbari Back in 2021, Mark Carney spoke before a parliamentary committee in the U.K. about how countries … Read more
(Reuters) – Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen. This is why it matters and what it means for the Iran war and … Read more
(Reuters) – Shipping companies are avoiding using a U.S. military-guided transit scheme through the Strait of Hormuz after a wave of Iranian attacks on vessels sparked safety concerns, seven maritime security and shipping industry sources said. For decades ships sailed into and out of the Gulf using a safe set of lanes down the middle … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed in Tuesday’s trading session, according to data from brokerage CalRock on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $13.40 a barrel below the U.S. benchmark WTI, CalRock said, compared to $13.65 on Monday. … Read more
(Reuters) – Iran’s Islamic Revolutionary Guard Corps has threatened to close “all other export corridors that benefit the U.S. and its allies”, Iranian media reported, after Iran shut the Strait of Hormuz and the U.S. reimposed a naval blockade of Iranian ports. “Regional energy exports are either shared by all, or denied to all,” the … Read more
July 2026-MicroWatt is launching the ExR-2.5 – the first UL Certified inspection robot for potentially explosive hazardous industrial locations in North America. As Exrobotics’ exclusive North American distributor, assembler and service provider, MicroWatt is leading the introduction of certified robotic inspection technology designed to help customers reduce risk in hazardous locations. The ExR-2.5 is the … Read more
Summary Iran threatens to block more vital seaways Goldman Sachs said Brent could exceed $110 in the fourth quarter Gulf exports slipped below 50% of pre-war levels over last week: Goldman (Reuters) – Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran’s … Read more
The Bank of Canada is set to deliver its fifth interest rate decision of the year this morning.
Economists widely expect the central bank will remain on hold, keeping its policy rate at 2.25 per cent.
Inflation has jumped above three per cent in recen…
(Reuters) – LNG Canada said on Tuesday five First Nations will have an equity option to invest up to C$1 billion ($710.78 million) to acquire a storage tank planned to be built in a proposed expansion of the country’s first major LNG export facility. First Nations, Canada’s indigenous peoples groups, have been buying stakes in … Read more
Story by Jennifer Lockett America’s emergency oil stockpile is shrinking at a pace that has turned a technical energy-policy decision into a North American power story. President Donald Trump’s 2026 Strategic Petroleum Reserve release was framed as a response to global supply pressure and Middle East instability, but the numbers reveal a deeper reality: … Read more
KITIMAT, BC, July 14, 2026 /CNW/ – LNG Canada and its Joint Venture Participants (JVPs) today announced a historic equity option agreement with MNT Investments LP, a limited partnership of the economic development organizations of five First Nations neighbouring LNG Canada’s operations: Gitga’at First Nation, Gitxaała Nation, Haisla Nation, Kitselas First Nation and Kitsumkalum. The agreement … Read more
(Reuters) – The Strait of Hormuz is part of Iran’s national security and it will exercise its sovereignty over it what ever that costs, Iran’s Deputy Foreign Minister Kazem Gharibabadi said in interview with state TV on Tuesday. Tehran currently has no commitments when it comes to the Islamabad MoU signed with the United States, … Read more
(Reuters) – Iraq’s Prime Minister Ali al-Zaidi said on Tuesday that Iraq needed a fair share within OPEC after he was asked by reporters whether he was considering leaving the oil producer group. Zaidi is on a trip to Washington as he aims to secure major U.S. investment in his country’s oil, gas, and power … Read more
CALGARY, AB, July 14, 2026 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) is pleased to announce that today at ARC’s special meeting (the “Meeting”) of holders (“ARC Shareholders”) of common shares of ARC (“ARC Shares”), ARC Shareholders voted in favour of the previously announced plan of arrangement (the “Arrangement”) involving ARC, ARC Shareholders, Shell plc (“Shell”) and … Read more
(Reuters) – President Donald Trump on Tuesday told reporters ahead of a meeting with Iraqi Prime Minister Ali al-Zaidi that the United States would be doing a lot of deals with Iraq and taking a lot of oil out of the country. “Iraq has tremendous potential because of their oil… and we’re going to be … Read more
Stock markets edged higher on Tuesday as U.S. inflation data spurred some optimism among investors even though oil prices continued to rise.
The S&P/TSX composite index was up 67.82 points at 35,320.54.
In New York, the Dow Jones industrial average …
ARC Resources Ltd. says its shareholders have voted in favour of a previously announced plan that would see global energy heavyweight Shell PLC acquire the Calgary-based natural gas producer.
The deal, announced in April, is valued at $22 billion, acc…
An environmental economist says the oilsands sector is on track for a “fairly significant” increase in greenhouse gas emissions, even with the Pathways carbon storage project moving forward.
Dave Sawyer, who is with the Canadian Climate Institute thi…
(Reuters) – U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz, and said he would instead take trade and investment deals with the Gulf states. The change of plan comes a day after Trump proposed charging a 20% fee to guard … Read more
WASHINGTON, July 13 (Reuters) – President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway. “The Hormuz Strait is OPEN, and will remain OPEN, with … Read more
Five major companies also agreed to build Pathways carbon capture and storage mega-project By Reid Southwick, Nykole King, Graison Foster The Alberta government says it will give “financial supports” to oilsands companies to encourage them to raise their production and fill a proposed pipeline that would carry a million barrels of oil per day to … Read more
By Reuters (Reuters) – President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway. “The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We … Read more
Summary Brent and WTI at its highest level since mid June U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz UAE says Iranian missiles struck oil tankers in Strait of Hormuz, one sailor killed China’s June oil imports hit near 10-year low amid Iran war (Reuters) – Oil … Read more
By Jonathan Saul and Florence Tan LONDON/SINGAPORE, July 13 (Reuters) – The number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months, shipping data showed on Monday, as renewed strikes between the U.S. and Iran and attacks on vessels heightened safety concerns. Shipping industry sources … Read more
One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway. The ministry said the tankers, the Mombasa and Al … Read more
U.S. President Donald Trump has sent Congress formal notification that hostilities against Iran resumed on July 7, a letter his administration sees as opening a new 60-day window to use the military in the region without congressional approval. “I directed this military action consistent with my responsibility to protect Americans and United States’ national … Read more
CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) — Precision Drilling Corporation announced today that Alice Wong has advised the Company that she will step down from the Board of Directors, effective immediately. Ms. Wong has served as a director since 2024 and has been a member of the Audit Committee, the Human Resources and Compensation … Read more
CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its second quarter operating and financial results for the three and six months ended June 30, 2026. President’s Message PrairieSky had another strong quarter delivering record average total royalty production of 27,479 BOE per day, an … Read more
Stock markets in Canada and the U.S. moved lower on Monday as oil prices jumped following a weekend of attacks in the Middle East.
Pierre-Benoit Gauthier, vice-president of investment strategy at IG Wealth Management, said he was surprised the TSX wa…
By Georgina Mccartney Both sides have renewed strikes Iran says will not allow Washington to intervene in the Strait of Hormuz Cargo traffic had already begun to slow as tensions had increased HOUSTON, July 13 (Reuters) – Oil prices jumped more than 5% on Monday after U.S. President Donald Trump said the United States was … Read more
(Reuters) – More details are awaited after U.S. President Donald Trump said in a post that Washington was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz, the U.N.’s shipping agency said on Monday. “We are aware of the post and awaiting more details,” … Read more
Oil Sands Alliance member companies continuing to collaborate with governments to finalize agreements CALGARY, AB, July 13, 2026 /CNW/ — A trilateral memorandum of understanding (“MOU”) has been entered into by the federal and provincial governments and Oil Sands Alliance member companies to support Canada’s ambition to become a global energy superpower. This follows the recent … Read more
A new agreement marks a major step towards Alberta’s goal of doubling oil production while also advancing the Pathways carbon capture and storage project. Alberta’s government, the Government of Canada and Canada’s five largest oilsands producers (the ‘Oil Sands Alliance’) have signed a memorandum of understanding (MOU) which provides a framework that will enable … Read more
The Alberta government, Ottawa and five major oilsands producers have signed a memorandum of understanding to advance the multibillion-dollar Pathways carbon capture and storage project.
The Pathways project is a condition for a new West Coast oilsan…
(Reuters) – Asia’s imports of liquefied natural gas (LNG) are poised to hit a six-month high in July while Europe’s imports plunge to their lowest in nearly two years. While some of the strength in Asia is because of seasonal demand during the summer peak, the weakness in Europe underscores just how far the second-biggest … Read more
Enterprise Group Announces Addition of Two New Clients St. Albert, Alberta–(Newsfile Corp. – July 13, 2026) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (“Enterprise” or the “Company“), a consolidator of specialized equipment and services to the energy, resource, and industrial sectors, with a focus on natural gas-powered solutions that mitigate, reduce, or eliminate … Read more
Cheap, mass-produced drones have transformed modern warfare, exposing critical energy infrastructure as an Achilles’ heel for modern economies. Lessons from the battlefields of Ukraine, Russia and the Middle East have shown how unmanned aircraft can evade traditional air defences, turning oil refineries, power stations, export terminals and pipelines into prime targets. The implications for … Read more
LONDON, July 13 – OPEC on Monday lowered its forecast for world oil demand growth in 2026 to 780,000 barrels per day, a copy of its monthly report showed, marking the third straight downward revision. The producer group continues to see a smaller impact on consumption since the Iran war started than other forecasters such … Read more
In some projects, the main challenge isn’t technical complexity. It’s the schedule. When schedules become critical, engineering teams need to shift their mindset: make decisions earlier, accept uncertainty and rely on shared performance. As such, engineering becomes a process of making choices, striking compromises and managing risks, both technical and human. Below are three key … Read more
July 13, 2026 7:00 AM EDT | Source: Greenfire Resources Ltd. 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 of … Read more
Summary Hormuz traffic slows to multi-week low on renewed conflict Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed Trump says Strait of Hormuz open to commercial traffic UAE’s ADNOC lowers Murban crude selling price for August July 13 (Reuters) – Oil prices surged more than 2% on Monday after … Read more
In oil and gas, petrochemical, power generation and other industrial environments, pressure and temperature switches are often treated as small components in a much larger process. But when they are installed on critical equipment, pipelines, skids, compressors, pumps or safety systems, their performance can have a direct impact on reliability, uptime and operator confidence. Mechanical … Read more
The Bank of Canada is set to make its fifth interest rate announcement of the year on Wednesday following a turbulent few weeks on the global stage and in Canadian economic data.
Despite the flurry of developments since the central bank’s last rate de…
By: Kenneth P. Green In a celebratory press conference the day after Canada Day, Prime Minister Mark Carney and Alberta Premier Danielle Smith announced a major advancement of the Canada-Alberta Memorandum of Understanding first forged in late 2025, regarding the province’s long-expressed desire to see a pipeline built to the West Coast, allowing greater access to lucrative … Read more
By Stewart Muir Over the weekend someone threw red paint across the front of a small storefront office on Highway 16 in New Hazelton—the shared office of Western LNG, Ksi Lisims LNG and the Prince Rupert Gas Transmission project. Windows, doors and the old wooden porch posts were left streaked in red, a colour chosen to … Read more
Five things to watch for in the Canadian business world in the coming week:
ARC shareholder vote
ARC Resources Ltd. shareholders are set to vote Tuesday on a deal that will see the company acquired by Shell plc in a stock-and-cash deal valued at $22 b…
US says it launched strikes against Iran after attack on Cyprus-flagged container ship The U.S. military said on Saturday it launched a new round of strikes against Iran after Islamic Revolutionary Guard Corps forces attacked a Cyprus-flagged container ship transiting the Strait of Hormuz. “A civilian crew member is missing and the vessel is … Read more
Iran on Sunday said it closed the Strait of Hormuz after a vessel traveled on an unapproved route and was struck, warning that any retaliation over the incident would be met with a “severe response.” “A vessel that had jeopardized maritime security by switching off its systems was struck and brought to a halt,” the … Read more
Prime Minister Mark Carney, on the heels of a trip to the Middle East, landed Saturday night at the Calgary Stampede where he ate mini doughnuts, watched chuckwagon races — and talked pipelines.
“It’s good to be back,” said Carney, wearing a white hat…
Canadians cannot stand by and leave our prosperity in the hands of other countries By Doug Ford Energy security is national security. It’s also economic security. At a time when Canada is seized with protecting our national sovereignty, the decisions governments at all levels make about energy policy will determine our future. Ontario has launched … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for August delivery in Hardisty, Alberta, settled at $14.20 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.30 on Thursday. * The discount remains significantly wider than it was in … Read more
(Reuters) – U.S. energy firms this week added rigs for a fourth week in a row for the first time since early June, energy services firm Baker Hughes said in its closely followed report on Friday. The report, which Baker Hughes usually releases around 1 p.m. EDT (1700 GMT) on Fridays, was delayed by around … Read more
By Erwin Seba Tanker traffic through Strait of Hormuz has slowed IEA says US-Iran escalation undermines oil surplus forecast Russia’s gasoline output covers 65% of demand after Ukrainian strikes, sources say HOUSTON, July 10 (Reuters) – Oil prices settled lower on Friday after the latest round of U.S.-Iran fighting as traders grew hopeful that shipping … Read more
Canadian and U.S. markets finished in positive territory on Friday as investors gear up for corporate earnings amid ongoing geopolitical tensions.
“We seem to be in a holding pattern until we start to get some of these corporate earnings coming out. …
Chris Varcoe: The gigawatt-scale facility will create 3,000 construction positions and support 300 jobs once it’s operating By Chris Varcoe Original: financialpost.com/opinion/columnists/varcoe-the-years-long-quest-and-future-road-map-to-bringing-data-centres-to-alberta/wcm/cb731c40-989e-4afb-a754-169be30fe20d Alberta has finally landed its first whale in the quest to draw $100 billion of data centre investment into the province — a new campus to be built by Meta Platforms. But the … Read more
(Reuters) – President Donald Trump on Friday said the United States had agreed to talks with Iran after Tehran asked to continue negotiations, while stressing that the June ceasefire between the two nations was over. “The Islamic Republic of Iran has asked us to continue ‘talks.’ We have agreed to do so, but the United … Read more
It will be four years before a new natural gas-fired power plant north of Edmonton is operating and able to serve the massive data centre Meta Platforms Inc. is planning to build nearby.
But the tech giant has a plan for power in the meantime.
Meta …
The U.S. Justice Department has reached a settlement agreement with pipeline company South Bow Corp. over a 2022 rupture of the Keystone pipeline that spilled nearly 13,000 barrels of oil in northern Kansas.
Under the deal, the Calgary-based company w…
JEDDAH, Saudi Arabia, July 9, 2026 /CNW/ – “At the invitation of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the Right Honourable Mark Carney, Prime Minister of Canada, made an official visit to Jeddah, the Kingdom of Saudi Arabia during the period of (23-25) Muharram 1448 AH corresponding … Read more
Summary IEA 2027 forecasts imply 4.62 million bpd surplus vs 860,000 bpd deficit in 2026 Global oil supply up 4.1 million bpd month-on-month in June, IEA says Demand seen dropping this year, rebounding by 2 million bpd in 2027 Global inventories up 21 million barrels in June, the IEA says Refined fuel markets tighten as … Read more
Summary Brent set for 7% weekly gain, WTI set for 6% rise Tanker traffic through Strait of Hormuz has slowed IEA says U.S.-Iran escalation undermines oil surplus forecast (Reuters) – Oil prices rose on Friday and were on track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns … Read more
It takes true grit to start a business and keep it going for almost 20 years – particularly, an abiding passion for what is right and wrong, and the determination to stick to your guns no matter what the rest of the world is doing. This month, Compass’ marketing team called to check in on … Read more
By Tegan Hill The ongoing war in Iran, and disruption of a major energy corridor in the Strait of Hormuz, continues to fuel surging oil prices. While this will improve Alberta’s bottom line in the short term, it will only perpetuate the province’s resource revenue rollercoaster if not properly managed. With a new finance … Read more
How Kanata LNG and the landmark cooperative prosperity agreement are shifting the nation toward energy superpower status By Jim Rushton Two weeks ago, Kanata LNG was announced for the Prince Rupert area—an ambitious new floating LNG project with Korean and First Nations partners behind it. Ambitious on its own. But in the two weeks since, … Read more
A Meta Platforms Inc. executive garnered applause at a news conference this week after he boasted that a gargantuan data centre planned for north of Edmonton would use less water annually than a typical Alberta golf course.
The tech behemoth was anno…
OTTAWA – A document prepared for the federal artificial intelligence minister to use when pitching international investors on Canada’s AI ecosystem identifies a massive proposed increase in Canada’s data centre capacity. But spokespeople for the government pushed back strongly on the figure, saying it is not a projection of the capacity Canada expects to build, … Read more
(Reuters) – Mark Carney, making the first visit to Saudi Arabia by a Canadian prime minister for 26 years, on Thursday said the two nations were well-placed to deepen mining and energy ties. Carney, who says U.S. tariffs on key exports mean Canada must diversify its trade, has made a series of foreign visits over … Read more
Former Liberal MP Martha Hall Findlay thinks it’s a bad idea. By This Article and More by Lorrie Goldstein Here One of the things preventing Canada from becoming an energy superpower in an energy-hungry world is that our federal government keeps doing stupid stuff. Justin Trudeau did it for a decade, undermining Canada’s growth by … Read more
Stocks in Canada and the U.S. rose on Thursday, as easing oil prices brought some calm to financial markets.
A day earlier, stock markets fell and oil prices rose as comments from U.S. President Donald Trump raised doubts about the temporary truce in…
CALGARY, AB, July 9, 2026 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) is proud to announce that the 2026 SECURE Stampede Charity Party raised $840,000 in support of four organizations making a meaningful difference in our community: STARS, Calgary Food Bank, KidSport Calgary and Providence. Held during the Calgary Stampede on July 8, the … Read more
Meg O’Neill’s decision to simplify the company’s structure is helping BP’s response to the disruption caused by the Iran war By Mitchell Ferman BP PLC’s new chief executive acknowledged that the oil giant still has work to do to streamline its decision-making processes and gain investor trust in a post that marked her first 100 … Read more
Tenaris expects to employ more than 1,000 people in Sault Ste. Marie by 2029 By Grady Semmens Jason Trevisanut is a maintenance manager at the Tenaris steel pipe manufacturing facility in Sault Ste. Marie, Ontario. Photo supplied to the Canadian Energy Centre In the heart of the Canadian Shield, Jason Trevisanut has built a life … Read more
(Reuters) – Oil tanker traffic through the Strait of Hormuz was at a near standstill on Thursday, according to data and sources, as shipping risks escalated after the U.S. renewed airstrikes on Iran, triggering retaliation by Tehran in the Gulf. Just two tankers had so far sailed through the strait in the early hours of … Read more
By Yawen Chen LONDON, July 9 (Reuters Breakingviews) – Ships passing through the Strait of Hormuz may pay tolls after all. Just not the kind Iran can actually collect. Ostensibly, the relative calm of the last few weeks is over. Iran’s strikes this week on ships trying to transit Hormuz via the waterway nearest Oman … Read more
(Reuters) – Iranian armed forces targeted U.S. military infrastructure in neighbouring Gulf states on Thursday following U.S. strikes on Iran’s southern coastal and eastern provinces, putting further strain on a three-week-old ceasefire agreement. Iran was also preparing on Thursday to bury its slain Supreme Leader Ayatollah Ali Khamenei at the country’s holiest shrine in Mashhad, … Read more
(Reuters) – Iraq will not leave OPEC, but is seeking a fair output quota within the oil producer group, Iraqi Prime Minister Ali al-Zaidi said in an interview with Saudi-owned Al Arabiya TV, according to his office. Reuters reported in an exclusive in June that Iraq, the group’s second-largest producer after Saudi Arabia and one … Read more
(Reuters) – Norway’s oil and gas production has been reduced by 2.4 million barrels of oil equivalent (boe) so far this year as a result of an ongoing pay strike by oil service workers, industry group Offshore Norway said on Thursday. Norway produced about 1.5 billion boe, or more than 4 million barrels of oil … Read more
(Reuters) – Goldman Sachs said the latest strikes in the Strait of Hormuz could slow the ramp-up in Middle East oil production, while the cancellation of the U.S. sanctions waiver could once again weigh on exports of Iranian oil, which had only recently begun to recover. Oil prices extended gains on Thursday as the latest … Read more
CALGARY, AB, July 8, 2026 /CNW/ – Strathcona Resources Ltd. (“Strathcona” or the “Company“) (TSX: SCR) today announced it successfully achieved first steam at its Meota Central project on June 6, 2026. Construction of Meota Central is now complete, with first oil expected late in the third quarter of 2026. Construction at Meota Central was completed at a total … Read more
Summary US military carries out strikes on Iran, prompting Iranian attacks on Kuwait and Bahrain Some war insurers advise shipowners to pause Hormuz voyages, sources say Analyst says Brent will probably trade in a $75–85 range over the next month July 9 (Reuters) – Oil prices fell on Thursday as markets assessed the impact of … Read more
Foreign Affairs Minister Anita Anand says it’s “unacceptable” that Iran has launched attacks on commercial ships in recent days as it attempts to tighten its grip over the Strait of Hormuz.
Anand met with Saudi Arabia’s foreign minister Thursday and s…
Alberta Flares offers a full line of mobile rental equipment along with delivery, setup and monitoring services. Also available to our customers are calculations to determine size of flare stacks required along with length of flaring time. There are many factors involved in choosing the proper equipment for your project. We have specialized equipment … Read more
by Jim Warren Perceptions matter in politics and public affairs, even when they’re wrong. Carefully curated misperceptions about Mark Carney got him elected prime minister. Canadian voters, mostly from beyond the prairies, were deceived by his high-powered resume. They perceived him as the economic wizard and financial mastermind who could get the Canadian economy … Read more
‘We’ve got to think big, and we’ve got to be looking at being one of the top three energy producers and exporters in the world,’ said Danielle Smith This Article & More From Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-more-alberta-oil-production-needed-fill-pipelines-aplenty From pipeline famine to potential feast — after years of sporadic progress on the oil transportation front, … Read more
Former TC Energy executive Dennis McConaghy says there is lots of work ahead for the federal and Alberta governments to make their West Coast pipeline project happen. He joins CBC’s Power & Politics to explain why the announcement might not be cause for celebration just yet.
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $14.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.95 on Tuesday. The discount so far this July has unwound … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA), Morgan Stanley Infrastructure Partners (“MSIP”), and Kineticor Asset Management (“Kineticor”), partners in the Greenlight Electricity Centre Limited Partnership (“Greenlight”) (the “Partners”), congratulate Meta and the Province of Alberta on today’s announcement of a major new data centre project in Alberta. Members of Pembina’s leadership … Read more
OTTAWA, ON, July 8, 2026 /CNW/ – The Government of Canada continues to advance regional assessments across the country while integrating its nature and economic agendas. These assessments will help support timely development decisions while protecting the environment. Today, the Impact Assessment Agency of Canada published the finalized Terms of Reference and is proceeding with the Regional Assessment of … Read more
By Parisa Hafezi and Angus McDowall Interim deal’s wording fuels rival U.S.-Iran interpretations over who manages transit Tehran once viewed shutting the waterway as a last resort Iran won’t start nuclear talks before Washington accepts its authority over the strait DUBAI, July 8 – Control over the Strait of Hormuz has become a “golden weapon” … Read more
July 8, 2026 Meta will invest more than $13 billion in Alberta, creating thousands of jobs, generating new provincial revenue and supporting reliable, affordable electricity. On this page: Water Electricity Land Quick facts Related information Multimedia Meta has announced plans to build its first Canadian data centre in Alberta, representing an investment of more than … Read more
Stock markets fell on Wednesday after U.S. President Donald Trump said the ceasefire with Iran was over, sending oil prices higher.
“At the end of the day, Middle East risk is back into markets … and the transmission mechanism into markets is via the…
Meta, the parent company of Facebook, Instagram and WhatsApp, is making a landmark investment in Alberta, announcing that Sturgeon County will be home to the company’s newest AI data centre — its first in Canada and its largest outside the United States. The 2.9-million-square-foot facility represents an investment of more than $13 billion Canadian and … Read more
(Reuters) – Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part of a broader push to increase U.S. oil output. The move comes as the U.S. shale industry, which transformed global energy markets nearly 20 years ago through … Read more
(Reuters) – A Qatari LNG tanker was still stuck off Oman on Wednesday awaiting salvage operations, shipping data showed, a day after it was hit by a projectile, while the U.S. military said two other tankers had been targeted by Iran in recent days. The attacks on the tankers prompted Washington to revoke a licence … Read more
(Reuters) – The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict. What was meant to mark the start of a fragile recovery following the June 17 memorandum of understanding … Read more
(Reuters) – Iran’s Revolutionary Guards said they targeted U.S. military sites in Bahrain and Kuwait on Wednesday after the U.S. launched a wave of military strikes on Iran in response to attacks on tankers in the Strait of Hormuz. In the latest blow to the fragile ceasefire agreement, the Islamic Revolutionary Guard Corps said it … Read more
(Reuters) – A Qatari tanker loaded with liquefied natural gas (LNG) was at risk of exploding, one source said, after it sustained significant damage in an attack on the Omani side of the Strait of Hormuz on Tuesday. While the LNG industry has experienced a few accidents at onshore facilities, there has never been a … Read more
(Reuters) The biggest expansion of global LNG supply on record, led by the United States and Qatar, could be slowed as most of the ships needed to transport the fuel are being built in South Korea and China, a Wood Mackenzie report said on Wednesday. “The LNG industry talks constantly about energy security, diversification and … Read more
(Reuters) – Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta courts data center development. Oil and gas companies typically take center stage at the annual energy get-together, timed with the city’s famous rodeo. But this year, U.S.-based tech … Read more
3 Minute History Canada hits the oil embargo flashpoint. This week’s episode captures the 1973 Arab oil embargo — prices quadrupled overnight — and the explosive clash between Prime Minister Pierre Trudeau’s price freeze/export tax and Alberta Premier Peter Lougheed’s fierce defence of provincial rights. This is the battle that set the stage for the … Read more
Summary Qatari LNG tankers change course Three stranded VLCCs exit Strait of Hormuz SINGAPORE, July 8 (Reuters) – At least four oil and gas tankers have turned back from attempting to transit the Strait of Hormuz, ship-tracking data showed, as renewed attacks on vessels in the critical waterway heightened safety and security concerns. The diversions … Read more
Clearwater production rose from 30,000 barrels a day in 2017 to 230,000 barrels a day last year Bloomberg News As oil prices surged this spring, Alberta producers didn’t look to Canada’s long-cycle oilsands. Instead, they rushed to drill the Clearwater formation, a low-cost conventional oil play that lets producers bring on new supply far more quickly. For decades, Canada’s oil … Read more
Iran’s top joint military command, Khatam al-Anbiya Central Headquarters, said on Wednesday that Iranian armed forces would deliver a “crushing response” after accusing the U.S. military of targeting parts of southern Iran in what it called a “blatant act of aggression”, and warned that Tehran would not allow U.S. interference in the management of … Read more
Summary Trump says interim accord with Iran to end war is ‘over’ US launches new strikes on Iran Iran responds with attacks on Kuwait and Bahrain China lifts fuel export curbs for July, sources say July 8 (Reuters) – Oil prices jumped more than 6% on Wednesday, hitting a two-week high after U.S. President Donald … Read more
The Iran war both hampered business confidence and sent inflation expectations soaring, the Bank of Canada revealed in a new set of business outlook surveys published Monday.
Those opposing forces on the economy also pushed the central bank to introdu…
Even as the deal reached by Carney and Smith appeared like an improbable milestone, some insiders and observers worried it may not be enough By Nykole King Original: financialpost.com/commodities/energy/less-than-50-per-cent-chance-pipeline-deal-attracts-hope-but-also-skepticism-in-oilpatch A proposed $35-billion oil pipeline to the West Coast — backed by the federal and Alberta governments — signals the country is willing to produce and … Read more
Process safety in Canadian oil and gas has long relied on people walking into the very environments everyone is trying to protect them from. Even with strong procedures, gas detection and permitting, inspection programs still depend on operators and technicians entering hazardous areas, climbing structures and performing confined space entries to get the data they need, often in … Read more
By Kenneth P. Green The Challenges in Scaling Up Carbon Capture, Utilization, and Storage Technologies Carbon Capture, Utilization, and Storage (CCUS) refers to technologies that reduce emissions of greenhouse gases to the atmosphere by extracting carbon dioxide (CO2) from the emission and exhaust streams of fossil-fuel production and use, to be compressed, reused, transported, and … Read more
By Alex Whalen The Wakeham government recently announced a series of initiatives to advance offshore gas development. And that may be good news for Newfoundlanders and Labradorians. According to the government’s latest estimate, there’s 27.6 trillion cubic feet of natural gas available for development in the Jeanne d’Arc Basin, worth tens of billions of dollars. Average hourly wages … Read more
The Canada-BC and Canada-Alberta agreements opened the door to a new west coast oil pipeline, and its least-expected component may be the most telling: a terminal at Roberts Bank. By Karen Graham Of the myriad implications and opportunities signalled in the July 2nd Canada-BC Cooperative Prosperity Agreement and related agreement between Canada and Alberta to advance a new oil … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for August delivery in Hardisty, Alberta, settled at $14.95 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.15 on Monday. * The discount has unwound most of the tightening that … Read more
(Reuters) – Global oil output and trade flows should rebound fully by the end of this year from the disruptions caused by the Iran war, the U.S. Energy Information Administration said on Tuesday. Global benchmark Brent crude oil prices will average around $74 a barrel in the spot market during the third quarter of this … Read more
The 500,000 barrel a day pipeline project would connect crude oil production in the prairies with domestic refineries in Ontario By Nykole King, Steven Wilhelm Ontario Premier Doug Ford speaks at a press conference with Alberta Premier Danielle Smith. The premiers announced the Northern Shield, a new route for an oil pipeline from Hardisty, Alta., … Read more
(Reuters) – The United Arab Emirates has fired the opening shot in what is fast becoming a fierce battle among Middle East oil producers to reclaim market share after the Iran war, a contest that threatens to weaken oil prices and further erode OPEC’s authority. Gulf producers, desperate for revenue to replenish state coffers depleted … Read more
(Reuters) – The United States is revoking a general license that authorized the sale of Iranian oil, a U.S. official said on Tuesday, warning that Iran’s actions in the Strait of Hormuz were “wholly unacceptable” and would be met with consequences after attacks on tankers in the strategic waterway. Oil prices rose more than 3% … Read more
By Nicole Jao Saudi-flagged crude oil tanker damaged near Hormuz after LNG tanker hit, sources say Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say Ukrainian drones strike eight tankers from Russia’s ‘shadow fleet’ NEW YORK, July 7 (Reuters) – Oil prices settled 3% higher on Tuesday and then extended gains post-settlement, … Read more
The federal government says it will invest up to $400 million into Teck Resources Ltd.’s critical minerals processing operations in southern B.C. as Ottawa looks to shore up supplies of metals used in the defence and green energy sectors.
“We are fac…
Agreement establishes long-term commercial framework for tolls and service New Open Season offers additional capacity Calgary, Alberta–(Newsfile Corp. – July 7, 2026) – Trans Mountain Corporation (“Trans Mountain”) announced today that it has filed a negotiated Settlement with the Canada Energy Regulator (“CER”) covering tolling, tariff and service-related matters on the Trans Mountain Pipeline System … Read more
By Steven Scheer Israeli Foreign Minister Eli Cohen attends a conference at the European Parliament in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo JERUSALEM, July 7 (Reuters) – Gulf countries’ dependence on oil shipments through the Strait of Hormuz could be significantly reduced by a pipeline linking the Gulf to Europe via Israel, Israel’s … Read more
Summary UAE output topped 3.8 million bpd weeks after OPEC exit, sources say Record production vindicates Abu Dhabi’s push for quota freedom UAE outpaced Gulf peers in restoring pre-Iran war oil supply (Reuters) – The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June … Read more
Oil gained following attacks on vessels in the Strait of Hormuz, highlighting continued risks to traffic in the waterway. Brent rose toward $73 a barrel, while West Texas Intermediate was above $69. A tanker traveling south reported being hit about 8 nautical miles east of Limah, Oman, causing a fire, UK Maritime Trade Operations said. The vessel … Read more
(Reuters) – Global liquefied natural gas trade hit a record last year as strong U.S. exports and rising European imports offset weaker Asian purchases, the International Gas Union said in a report on Wednesday. Conflict in the Middle East could lead to a contraction in 2026, however, it warned. “The conflict in the Gulf has damaged … Read more
Pipeline proposals long considered dead and buried are coming back from the grave — sort of.
Past plans to send oilsands crude east, west and south are being revived with different branding, proponents and routes. And, at least in the first two cases…
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures held steady on Monday. WCS for August delivery in Hardisty, Alberta, settled at $15.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, unchanged on Friday’s close. The discount is now trading at levels similar … Read more
Calgary, Alberta–(Newsfile Corp. – July 6, 2026) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (“Saturn” or the “Company“), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce that the Company has entered into a credit agreement amendment dated June 30, 2026 … Read more
LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on Alberta Premier Danielle Smith and Ontario Premier Doug Ford to scrap carbon taxes and push Ottawa to reverse anti-pipeline laws instead of borrowing billions of dollars for a proposed pipeline. “Governments are blocking pipelines with carbon taxes and red tape and then wasting taxpayers’ money trying to … Read more
CALGARY, Alberta, July 06, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2026 second quarter financial and operating results on Monday, July 27, 2026, after the close of North American markets. The 2026 second quarter management’s discussion and analysis and unaudited consolidated financial statements will … Read more
Canadian and U.S. markets moved in opposite directions on Monday, as basic materials weighed on Bay Street while tech stocks lifted Wall Street.
Ryan Bushell, CEO and portfolio manager at Newhaven Asset Management, said the divergence appears to be d…
(Reuters) – The funeral of late Iranian Supreme Leader Ayatollah Ali Khamenei was more than a national farewell. The sea of mourners in Tehran sent a message to the United States and Israel that their attempt to break the Islamic Republic had failed. Rather than looking weakened by the war that began with U.S. and … Read more
= (Reuters) – Iraq’s cabinet approved Basra Oil Company signing “a heads of agreement”, or preliminary agreement, and a non-disclosure agreement with a consortium including U.S. companies Capital TI and Chevron and Qatar’s UCC to study strategic oil export pipeline projects, according to a cabinet statement. The consortium will prepare technical and financial feasibility studies … Read more
Premier Danielle Smith issued the following statement following the announcement of a potential west-east oil pipeline. On this page: Quick Facts Related news Multimedia Premier Danielle Smith issued the following statement following the announcement of a potential west-east oil pipeline. “After signing an agreement last year to work together with Alberta and Saskatchewan to build … Read more
‘It tells a story about our western roots and traditions, but also tells the story of the Calgary that we are today,’ said Mayor Jeromy Farkas By Hiren Mansukhani Calgary Mayor Jeromy Farkas leads the crowd in a lively yahoo alongside Aleta Visbach (left) and Leslie Horton at the Legacy Stampede Breakfast at Heritage Park … Read more
CALGARY – Alberta Premier Danielle Smith and Ontario Premier Doug Ford have unveiled a route for a proposed west-east oil pipeline. The two premiers say it would stretch 3,300 kilometres from Hardisty, Alta., to refineries in Sarnia, Ont., without crossing the U.S. border. The Ontario government says the line would move 500,000 barrels of … Read more
BP has agreed to sell its stake in the Bay du Nord offshore oil project in Canada to partner Equinor as the British energy major sharpens its focus on higher-return opportunities.Under the agreement, Norway’s Equinor will become the sole owner of Bay du Nord, acquiring BP’s 37.2% stake, the companies said on Monday without disclosing … Read more
Summary Fears over gasoline and jet fuel supplies proved overblown Record storage releases, eased Chinese buying helped the market Thinned storage must be replenished, poses risk of more price spikes (Reuters) – The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term … Read more
The decision by OPEC+ to increase crude oil production quotas for a fifth straight month from August raises two questions. Can they actually ship the increased output and if they can, who will buy it? The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting … Read more
CALGARY, AB, July 6, 2026 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce increased 2026 production guidance, an expanded 2026 capital budget and an update on recent operational performance and land acquisitions. UPDATED GUIDANCE HIGHLIGHTS Increased 2026 average production guidance to 17,000 to 18,000 BOE/d, up 1,000 BOE/d from previous guidance of … Read more
Summary OPEC+ to raise production by 188,000 bpd from August Gulf exports rise but still below pre-war levels Oil prices fall to pre-war levels on glut fears Iraq presses OPEC+ for higher quota after UAE exit (Reuters) – OPEC+ has agreed a further increase in output targets from August, the group said in a statement … Read more
Summary OPEC+ agrees to raise oil output by 188,000 bpd from August ADNOC sells 16 million barrels in fifth tender at wider discounts, traders say ANZ expects global oil demand to contract by 1.5 mbpd in 2026 Ukraine’s military strikes oil refineries in Russia’s Yaroslavl, Leningrad regions July 6 (Reuters) – Oil prices fell on … Read more
Black and white lawn signs have been popping up around Olds, Alta., on charming tree-lined streets and sprawling acreages alike.
“A data centre and power plant want to move in next door,” they read. “Are you ready for what comes next?”
Dozens of the…
Alberta’s pitch to the major projects office for a new oil pipeline to the West Coast is being billed as a public-private partnership, though its current structure skews almost entirely toward the public end of the spectrum.
Ninety per cent of the pr…
Chris Varcoe: Announcements this week could unleash tens of billions of dollars in investment in the oilpatch This Article and More by Chris Varcoe Here ‘We’re an energy resource-rich country and that we have tremendous potential, at a time when these energy resources are really needed,’ says energy economist Peter Tertzakian Alberta Premier Danielle Smith … Read more
By closing the north, Ottawa and Victoria may have opened the only pipeline route that can actually get built By Stewart Muir Prime Minister Mark Carney speaks during an announcement with B.C. Premier David Eby in Vancouver, on Thursday, July 2, 2026. THE CANADIAN PRESS/Ethan Cairns Today British Columbia stands at the centre of two … Read more
Alberta’s Opposition NDP leader says Premier Danielle Smith’s plan for a new pipeline has his support, but he’s calling on her to be honest about how much taxpayers could be on the hook for it.
Naheed Nenshi also says public financing for the pipeline…
By Amanda Stephenson and Robert Harvey Benchmarks touched pre-war lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango signals fading shortage concerns CALGARY/LONDON, July 3 (Reuters) – Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace … Read more
The Calgary Stampede parade turned into a pseudo-referendum on Alberta Premier Danielle Smith on Friday, as she heard both cheers and jeers while riding shotgun on a wagon clip-clopping through the city’s sun-baked downtown.
“We love you, Danielle!” s…
On June 30, 2026, the Alberta Energy Regulator (the AER) issued an administrative penalty decision on Entrada Resources Inc. (Entrada) in the amount of $437,611.98 for three contraventions of the Environmental Protection and Enhancement Act (EPEA) and one contravention of the Pipeline Rules, AR 91/2005. On or about July 28, 2024, an AER investigation determined that Entrada released or permitted … Read more
(Reuters) – Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing through the Strait of Hormuz, data showed, though exports remained 40% below pre-war levels. The United Arab Emirates led the recovery, allowing millions of … Read more
By Alex Lawler LONDON, July 3 – The Iran war has created the largest oil supply shock ever in terms of daily production losses but the 1979 Iranian Revolution remains the biggest oil crisis by cumulative supply loss, according to Reuters calculations based on International Energy Agency, OPEC and U.S. Department of Energy data. The … Read more
Canada’s main stock index rose more than 300 points Friday, with basic materials stocks leading the gains, while U.S. stock markets were closed for the July Fourth holiday.
The S&P/TSX composite index was up 308.17 points at 35,274.84.
Gold prices hel…
Prime Minister Mark Carney and Premier Danielle Smith provided an update on Alberta’s proposed west coast oil pipeline. Watch the News Conference Here: Access the Submission Here https://open.alberta.ca/dataset/a529e3da-6368-43d7-af43-74b1773be517/resource/6e43e4b4-3dfe-4c28-b723-116b6cab19ea/download/west-coast-oil-pipeline-project-submission-to-mpo.pdf
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney and Alberta Premier Danielle Smith to scrap carbon taxes and repeal anti-pipeline laws instead of borrowing billions of dollars for a proposed pipeline. “Governments are blocking pipelines with carbon taxes and red tape and then wasting taxpayers’ money trying to get projects built,” … Read more
G7 leaders welcome prospect of more Canadian crude in world markets By Deborah Jaremko Tanker calling at the Westridge Marine Terminal in the Port of Vancouver. Photo courtesy Trans Mountain Corporation Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of … Read more
By Afiq Fitri Alias LONDON, July 3 (Reuters Breakingviews) – The United States is again trying to lure foreign capital into Iran. A key part of last month’s ceasefire signed between Washington and Tehran was a $300 billion “reconstruction fund” for the Islamic Republic. The details may differ from a similar push in the wake … Read more
3 Minute History Canada turns up the global drama. This week’s episode reveals how the 1967 Arab oil embargo during the Six-Day War collapsed under OECD coordination and Western production surges — while Canada stepped up to back the U.S. and scored U.S. approval for the Chicago Spur pipeline, tightening North American energy ties. Created … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA), today announced that it has entered into a non-binding Heads of Agreement (the “HOA”) with the Government of Canada, the Province of Alberta, Trans Mountain Corporation, and Alberta Petroleum and Marketing Commission, to participate in a proposed nation-building energy infrastructure initiative intended … Read more
Summary Gasoline prices remain elevated despite crude easing toward pre-conflict levels Refining margins are near 2022 highs, boosted by exports and tight supply White House scrutiny is rising as industry pushes back on pricing claims July 3 (Reuters) – U.S. oil companies are set to report their strongest quarterly profits in years, courting a … Read more
(Reuters) – Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed. Brent futures were up 17 cents, or 0.24%, to $71.97 a barrel at 0932 GMT. West Texas Intermediate was … Read more
The Alberta government says more than 106,000 residents applied for $100 relief cheques in just over 24 hours.
The direct deposits are meant to help Albertans deal with the high cost of living. But high traffic to the government’s website left some fr…
Seeing major companies prequalify for a shot at offshore wind projects in Nova Scotia is an early but important step forward By TJ Colello The executive director of Marine Renewables Canada says seeing major companies prequalify for a shot at offshore wind projects in Nova Scotia is an early but important step forward. “I would … Read more
Pembina Pipeline Corp. and two partners have given the go-ahead to the Greenlight Electricity Centre, a natural gas plant serving a data centre customer.
Pembina, Morgan Stanley Infrastructure Partners and Kineticor Asset Management expect the cost o…
Alberta’s government has submitted its application for the West Coast Oil Pipeline to the federal Major Projects Office for listing as a project of national interest. On this page: Private and Indigenous partnership Increasing oilsands production and building the pathways project Quick facts Related information Multimedia The West Coast Oil Pipeline will transport more than … Read more
CALGARY, AB, July 2, 2026 /CNW/ – Today, the world faces an energy crisis on three levels: our cost of living, our climate, and our sovereignty increasingly depend on a nation’s ability to supply and control its own energy. More than any other country, Canada is positioned to become the leading supplier of clean and conventional energy … Read more
“Let’s work together and build this pipeline.” – Alberta Premier Danielle Smith By EnergyNow Editorial Staff The Calgary Stampede bills itself as the Greatest Outdoor Show on Earth, but for a brief period on Thursday night in Calgary, Alberta Premier and Prime Minister Mark Carney put on the greatest (and most expensive) indoor show in … Read more
OSLO, July 2 (Reuters) – Norway’s unions representing workers on drilling rigs and floating production platforms reached a wage deal on Thursday evening, ahead of a midnight deadline to avert a strike, labour unions and the employers’ association said. The unions had threatened to call out more than 600 members employed on Transocean’s Encourage rig, … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for August delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.90 a barrel on Tuesday. Wednesday was a national holiday in … Read more
July 2, 2026 Vancouver, British Columbia The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent, and more sustainable economy. To that end, Canada’s new government is working with provinces, territories, and Indigenous partners to build major projects that diversify our exports, create thousands of … Read more
The plan for a new Alberta bitumen pipeline to the British Columbia coast came into focus Thursday as Prime Minster Mark Carney toggled between the two provinces to meet leaders and make announcements.
At a news conference in Vancouver, Carney and B.C…
(Reuters) – U.S. energy firms this week added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by 7 to 580 in the week to July 2, its highest … Read more
Canada’s main stock index gained ground amid recent trade developments, while AI stocks weighed on Wall Street.
On Wednesday, United States Trade Representative Jamieson Greer said the U.S. is not renewing the Canada-U.S.-Mexico Agreement “in its cur…
CALGARY, AB, July 2, 2026 /CNW/ – Whitecap Resources Inc. (“Whitecap”) is pleased to announce the appointment of Rebecca Schulz as Vice President, Regulatory and External Affairs. Ms. Schulz’s primary responsibilities will include being the principal liaison on regulatory affairs and providing strategic alignment between policy development and corporate strategy. Ms. Schulz is a public affairs and policy leader … Read more
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including annual run rate adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”). For more information see “Non-GAAP and … Read more
GATINEAU, QC, July 2, 2026 /CNW/ – The Competition Bureau has reached an agreement with BVD Petroleum Inc. to resolve concerns related to its proposed acquisition of certain fueling assets from Cenovus Energy Inc. and Husky Canadian Petroleum Marketing Partnership. BVD operates Petro-Canada and Petro-Pass branded fueling stations and Cenovus operates Esso branded stations. The Bureau concluded that the transaction … Read more
CALGARY, AB, July 2, 2026 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC”) announced today that independent proxy advisory firms, including Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have recommended that the holders of ARC common shares (“ARC Shareholders”) vote “FOR” the arrangement resolution at the upcoming special meeting (the “Meeting”) … Read more
The plan for a new Alberta bitumen pipeline to the British Columbia coast came into focus Thursday as Prime Minster Mark Carney toggled between the two provinces to meet leaders and make announcements. At a news conference in Vancouver, Carney and B.C. Premier David Eby unveiled a memorandum of understanding that Carney says will help … Read more
UBS, on Thursday, cut its Brent crude price forecast by $25 for the September quarter to about $80 a barrel, on average, and now expects prices to hold the quarter after, citing the rise in oil flows via the Strait of Hormuz after the recent U.S.-Iran agreement. The bank also lowered its 2027 average … Read more
The Office of the Prime Minister July 2, 2026 Vancouver, British Columbia The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent, and more sustainable economy. To that end, Canada’s new government is working with provinces, territories, and Indigenous partners to build major projects that … Read more
Summary US, Iran talks conclude in Doha, focused on Strait of Hormuz Nigeria joins International Energy Agency as an associate member Ukrainian military hits Russian oil refinery in Kstovo July 2 (Reuters) – Oil prices fell more than 1% for the third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran … Read more
July 02, 2026 7:00 AM EDT | Source: Obsidian Energy Ltd. Calgary, Alberta–(Newsfile Corp. – July 2, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) has closed our previously announced acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green (the “Acquisition“). … Read more
Heavy traffic on a website for Albertans to apply for $100 from the provincial government has clogged the site on the day it opened.
In an email Wednesday, Alberta’s technology and innovation department says it is aware of “performance issues” with th…
by Lennie Kaplan The Alberta government’s submission on the proposed West Coast Oil Pipeline (WCOP) application to the Major Projects Office (MPO) is now due. While I am fully supportive of new pipeline development, so long as it is based on a solid business case, I worry about the potential high level of taxpayer … Read more
Alberta Premier Danielle Smith is expected to give details today about her government’s proposed million-barrel-a-day oil pipeline project to the West Coast.
Smith inked an agreement with Prime Minister Mark Carney last fall.
Their memorandum of under…
By: Kenneth P. Green How quickly the red herrings die when reality intrudes. Back in May 2025, British Columbia Premier David Eby said “we do have a pipeline… that is not being used to capacity and that feels like a much better place to start the conversation.” That same month, Steven Guilbeault, then a member of … Read more
By Dennis McConaghy Originally Published June 30, 2026 in the Calgary Herald Alberta’s separation referendum will be profoundly impacted by the outcome of the negotiation between Danielle Smith and Mark Carney on climate policy constraints regarding Alberta oilsands development. Failure to reach a resolution that sets a competitive foundation for the development of the oilsands, … Read more
by Terry Winnitoy Alberta Premier Danielle Smith is expected to lay out the next stage of her government’s push for a new West Coast oil pipeline on Thursday, July 2, 2026, as the province moves to meet a key deadline under its energy agreement with Ottawa. CTV News reported on June 29 that Alberta is … Read more
Canada’s South Bow and U.S.-based Bridger Pipeline plan to jointly develop a new oil pipeline from Guernsey, Wyoming, to Cushing, Oklahoma, the companies told Reuters on Tuesday. The project will be developed along a corridor acquired from another company, South Bow and Bridger said in an email. The companies said their priority was to … Read more
Tehran says U.S. team to meet mediators in Doha, not with Iranian officials U.S. crude inventories fell by 6.1 million barrels last week, API data showed (Reuters) – Oil prices fell more than 1% on Wednesday as talks between Iran and the U.S. aimed at reaching a final agreement to end their war continued and … Read more
Albertans can start applying today for $100 from the provincial government to help deal with the high cost of living.
Premier Danielle Smith announced earlier this month that residents can get the cash instead of the province reducing its tax on gaso…
By Terry Winnitoy – EnergyNow Trump may be divisive. He may be disliked by many Canadians. His tariffs may have harmed Canadian industries and strained one of the world’s most important trading relationships. But he also did Canada one enormous favour, he made complacency impossible. Donald Trump may not have intended to do Canada any … Read more
Alberta Premier Danielle Smith’s office is shrugging off a United Conservative backbenchers’ public opposition to the government’s deal with Ottawa to get an oil pipeline built.
Smith has long pointed to the memorandum of understanding as proof the co…
It’s the Alberta government’s self-imposed deadline to submit its proposal for a new West Coast oil pipeline to the federal major projects office.
But since it’s Canada Day, the province is waiting a day to make what it calls a “major announcement,” …
The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline on Thursday, but experts say industry skepticism is well warranted.
Sam Blackett, press secretary to Premier Danielle Smith, said Tuesday that …
Carney made clear his government will not curb growth in the oil and gas sector to meet nearer-term emissions targets Bloomberg News Elected last year on a promise to turn Canada into a “superpower” in both conventional and clean energy, Carney has unwound major pieces of Trudeau’s climate framework. Photo by Blair Gable/Postmedia Prime Minister Mark … Read more
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