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COMMENTARY: Here’s How to Help Secure Canada’s Energy Sovereignty – Fraser Institute

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By Karen Graham and Jock Finlayson The intensifying trade conflict driven by a mercantilist U.S. administration against Canada is focusing Canadian minds on bolstering the country’s economic security. Making Canada a global “energy superpower” has been mentioned by Prime Minister Mark Carney as one way to promote economic resilience and diversify exports. While Canada is … Read more

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Canadian LNG Project Signs Third International Offtake Deal

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NISGA’A NATION, BC, Sept. 15, 2026 /CNW/ — Canada has what the world wants, and to build a more prosperous, sovereign and resilient economy, we are expanding and strengthening our international energy exports. Providing Canadian energy to our allies reinforces global energy security, domestic prosperity, lower-carbon energy markets and Canada’s position as an energy superpower. On … Read more

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Westgate Energy Inc. Announces $5 Million Private Placement Bought Deal Offering Under the Listed Issuer Financing Exemption

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THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Sept. 15, 2026 (GLOBE NEWSWIRE) — Westgate Energy Inc. (the “Company” or “Westgate”) (TSXV: WGT) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood” or the … Read more

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Mapped: Who Depends Most on U.S.-Canada Trade? – Visual Capitalist

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By Niccolo Conte | Design Miranda Smith Key Takeaways Alberta and North Dakota lead by share of trade with the other country, with roughly 78% of their international goods trade involving their cross-border neighbor. West Virginia is the highest-ranking U.S. state without a Canadian border, with 45% of its international goods trade involving Canada. Six … Read more

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COMMENTARY: Varcoe: ‘Do No Harm’: Should Alberta Step in to Fix Gas System Constraints, Given Past Energy Interventions?

industrial pipelines and valves on sunset sky background, banner.

Alberta Energy is looking at possible solutions to natural gas pipeline constraints in the province, including introducing legislation to enable creating a new Crown corporation to address the issue  This Artticle and More by Chris Varcoe Here Alberta has a long history of trying to fix what it sees as problems vexing the province’s oil … Read more

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Enbridge Launches Open Season for Proposed Texas Natgas Pipe

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(Reuters) – Canadian energy company Enbridge said on Tuesday it launched a non-binding open season for its proposed West Texas Express natural gas pipeline to transport gas west from the Waha area of the Permian Shale to markets in and around El Paso, Texas. The Permian is the biggest oil-producing shale basin in the United … Read more

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US Energy Chief Says Saudi Arabia Oil Pipeline Should Be Back Online Within Days

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(Reuters) – Crude oil should be flowing through Saudi Arabia’s vital East-West Pipeline within days, U.S. Energy Secretary Chris Wright told CNBC on Tuesday, after the kingdom was forced to temporarily close it following attacks by Iran-aligned groups. “It’s still a detailed assessment, but I think it will be measured in days,” Wright said on … Read more

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CANADA INVESTMENT SUMMIT: ‘The Moment We’ve Been Waiting For’: Biz Groups Cheer Ottawa’s Tax Deduction Expansion – See Their Reaction Here

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The federal government is expanding a tax incentive to cover a broader array of assets as it aims to drive $1 trillion of new investment in a move roundly applauded by business groups.
Prime Minister Mark Carney announced the “productivity mega deduc…

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Prime Minister Carney Introduces New Productivity Mega Deduction to Boost Canada’s Advantage as the Most Competitive G7 Country for New Business Investment

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Canada has what the world wants. We are a superpower in both clean and conventional energy, with vast deposits of critical minerals. We are the best-connected economy in the world with free trade deals with countries covering 1.5 billion consumers, and we are by far the most competitive country in the G7 for new business investment. … Read more

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Oil Loadings Suspended at Saudi’s Red Sea Port of Yanbu, Shipping Sources Say

(Reuters) – Oil loadings at Saudi Arabia’s Red Sea port of Yanbu have been suspended, days after the world’s biggest crude exporter closed its East-West pipeline due to an attack by Yemen’s Iran-aligned Houthis, shipping industry sources said on Tuesday. Saudi Aramco, which has increased use of the Yanbu terminal since the U.S. war with … Read more

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Trump’s Ukraine Energy Truce Won’t Fix Global Diesel Crunch: Bousso

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(Reuters) – An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed … Read more

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Hormuz Crisis Will End Soon, Oman LNG Chief Exec Says

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(Reuters) – The crisis around the Strait of Hormuz will end soon, the chief executive of Oman LNG said on Tuesday. The Hormuz crisis will not change the company’s long term plans, Hamed Al Naamany told an industry forum in Bangkok. “We have already been planning to produce more, we’ve been working on it for … Read more

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Oil Pipe Bypassing Hormuz to Reopen ‘Soon,’ US Energy Chief Says

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By Ari Natter and Annmarie Hordern A critical Saudi oil pipeline should be back online “soon” following it’s closure late last week after coming under attack, Energy Secretary Chris Wright said Monday. “I think you’ll see that pipeline running back soon,” Wright said in an interview on Bloomberg Television. They’ve been very carefully assessing what … Read more

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ADNOC Trading Buys Millions of Barrels of Iraqi Crude, Sources Say

By Nidhi Verma and Ahmed Rasheed ADNOC trading arm buys Iraqi crude at discounts, sources say ADNOC agrees to buy 72 million barrels for Aug-Sept, source says Other companies also buy crude from Iraq NEW DELHI/BAGHDAD, Sept 15 (Reuters) – Abu Dhabi National Oil Co (ADNOC) has bought millions of ​barrels of discounted crude from … Read more

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LNG Demand in China, India and Pakistan Expected to Rebound After US-Iran War Ends

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By Florence Tan and Emily Chow LNG spot price surge hits demand in India, GAIL says GAIL, PetroChina traders seek alternatives to Mideast LNG Chinese, Indian LNG demand to rebound once prices cool, GAIL and PetroChina expect Exxon is ‘extremely bullish’ on long-term LNG growth prospects BANGKOK, Sept 15 (Reuters) – LNG demand from China, … Read more

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Carney Pitches Canada as the G7’s Best Place to Invest, Targets $1 Trillion Over Five Years: “We’re Just Getting Started” – Speech Highlights Here

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EnergyNow Media Prime Minister Mark Carney used his keynote address at the Canada Investment Summit in Toronto on Tuesday to declare that Canada intends to become the most attractive investment destination in the G7. Carney set an ambitious national target: attracting and catalyzing $1 trillion in investment over the next five years across energy, transportation, … Read more

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Kremlin Welcomes Trump’s Idea of Energy Truce With Ukraine, Calls for Sanctions Removal

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  Summary Kremlin: says sanctions energy exports should be lifted Russia says Ukraine is not ensuring tanker safety Zelenskiy backs the idea if Russia is serious about peace talks (Reuters) – The Kremlin said ​on Tuesday it welcomed a U.S. proposal for a Russia-Ukraine moratorium on attacking each other’s ‌energy infrastructure, while saying it was … Read more

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Oil Climbs as Saudi Pipeline Remains Offline and Hormuz Traffic Slumps

EnergyNow Morning Oil Price Report Report Date & Time: September 15, 2026 – 5:31 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$103.53 per barrel, up US$2.14, or 2.11%, from Monday’s official US$101.39 settlement. Oil is firmly higher as the continuing shutdown of Saudi Arabia’s East-West Pipeline … Read more

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URGING COOPERATION – TC Energy Urges Co-Operation on Growing Network to Meet ‘Generational’ Gas Demand

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The pipeline company that moves three quarters of Western Canada’s natural gas says it’s prepared to keep investing in its vast Alberta network to meet “generational demand” for the fuel.
TC Energy Corp. released its statement days after the leak of …

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PERSPECTIVE: Improving Canada’s Energy and Tax Policies Could Increase Business Investment and Restore the Country’s Competitiveness in the Energy Sector

By Karen Graham and Jock Finlayson Strategies to Secure Canadian Energy Sovereignty In this study, we document Canada’s abundant energy resources and discuss its global rankings in reserves and capacity, production, and net exports. We also assess the performance of Canada’s energy sector across a variety of economic indicators. The study benchmarks Canada’s advantages in … Read more

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INSIGHT: Government Revenues From the Oil Sands Estimated to Reach Nearly US$520 Billion Through 2050 – Lennie Kaplan

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Alberta separatists’ claim that cooperative fiscal federalism has failed does not stack up to the facts on the ground when we examine forward projections for government revenues (government take) and capital expenditures (capex) in the oil sands sector through 2050. Under a flat US$70.00 West Texas Intermediate (WTI) per barrel price, government take (which includes … Read more

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FEATURE: Alberta’s Industrial Heartland – A Powerhouse Attracting Investment to Alberta Industry – Maureen McCall

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By Maureen McCall “The region is extremely well positioned to meet this moment” The facts underpinning the power of the Alberta Industrial Heartland are pretty compelling. It is the third largest industrial cluster in the world by geographic area – comprising 582 square kilometres of industrial land. Located northeast of Edmonton, it already has $50 … Read more

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OPINION: Canada’s $1-Trillion Investment Test: The Toronto Summit Must Be the Beginning, Not Canada’s Victory Lap – Terry Winnitoy

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Canada has the resources, talent and political stability investors want, long turnaround times and approval issues have previously turned some investors away from Canada. Terry J. Winnitoy – EnergyNow Prime Minister Mark Carney’s Canada Investment Summit in Toronto may be one of the most consequential economic meetings held in this country in decades and certainly … Read more

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Discount on Western Canada Select Widens with Joliet Refinery Outage

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The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday, as Exxon Mobil brought its 264,000-barrel-per-day refinery in Joliet, Illinois offline after a power outage occurred on Sunday. WCS for October delivery in Hardisty, Alberta, settled at $17.35 a barrel below the U.S. benchmark WTI, according … Read more

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Ksi Lisims LNG signs 20-year LNG supply agreement with Australia’s Santos

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Press Release September 14, 2026 VANCOUVER – Ksi Lisims LNG LP (“Ksi Lisims LNG”) has entered into a Heads of Agreement (“HOA”) with Santos for the sale and purchase of 1 million tonnes per annum of LNG for a term of 20 years. “Santos has built one of the most significant LNG businesses in the … Read more

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B.C.’s Deficit Forecast Up $450M to $13.8B After Calculation Errors on Gas Royalties

The British Columbia deficit forecast has grown by $450 million to a record-setting $13.8 billion, largely because of a “calculation error” on natural gas royalties, in a situation one critic describes as a state of “fiscal crisis.”
Finance Minister …

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Lotus Creek Exploration Inc. Announces Wilson Creek Development Program Update, New Corporate Presentation and Stock Option Grant

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Calgary, Alberta–(Newsfile Corp. – September 14, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to provide an operational update on its Wilson Creek Belly River development program. Wilson Creek Development Update In September 2026, Lotus Creek brought on production the remaining two gross (2.0 net) Belly River light oil … Read more

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Cardinal Energy Ltd. Proceeding with Reford 2 Expansion and Announces Monthly Dividend for September

Calgary, Alberta–(Newsfile Corp. – September 14, 2026) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is pleased to announce that it is advancing the expansion of its Reford 2 SAGD project that will increase nameplate capacity to 6,000 bbl/d. EXPANDING REFORD 2 SAGD PROJECT TO 6,000 BBL/D With a favorable crude oil price … Read more

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DRAMATIC EXPANSION: Bell AI Fabric Expansion Could Bring More Than $50 Billion in Investment to Saskatchewan

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Proposed expansion would quadruple the Regina-area project to 1.2 gigawatts, with 900 megawatts of new capacity powered by natural gas By EnergyNow Media | September 14, 2026 Bell Canada and the Saskatchewan government have announced plans to dramatically expand Bell’s artificial-intelligence data centre development near Regina, potentially creating a 1.2-gigawatt AI infrastructure hub supported by … Read more

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Government of Canada Welcomes Major New Investment in Sovereign AI Infrastructure in Saskatchewan

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From: Innovation, Science and Economic Development Canada News release New Canadian-led infrastructure project will help build secure and reliable computing capacity responsibly September 14, 2026 – Ottawa, Ontario Today, the Government of Canada welcomed Bell Canada’s planned investment to expand its Bell AI Fabric capacity in Saskatchewan, an important step toward building the sovereign computing … Read more

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Single Largest Private Sector Capital Investment in History of Canada Through Bell AI’s Saskatchewan Expansion

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Released on September 14, 2026 Expansion will Establish New Bell AI Fabric Headquarters in Saskatchewan and Bring More Than $50 billion in Capital InvestmentPremier Scott Moe and Bell Canada CEO Mirko Bibic today announced a major expansion of Bell’s AI Data Centre project in Saskatchewan, bringing the total estimated capital investment to more than $50 … Read more

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Global Investment Firm Carlyle Extends Reach in Canada; Purchases Oil and Gas Firm Parallax

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(Reuters) – Global investment firm Carlyle is expanding its reach in Canada through the acquisition of the privately owned Canadian oil and gas company Parallax. The acquisition is the second in 12 months by Carlyle’s energy group, which last year acquired Kiwetinohk Energy for approximately C$1.4 billion. Carlyle has established a newly formed Canadian company … Read more

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Canada Strengthens Energy Collaboration With Indo-Pacific Countries to Attract Investment, Create Jobs and Diversify Trade

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OTTAWA, ON, Sept. 14, 2026 /CNW/ — In an increasingly volatile world, Canada is building our sovereignty, security and strength by growing a vast trade network. Our free trade agreements already give Canadian businesses access to more than 1.5 billion consumers across 51 countries, and we are building on the momentum of the Prime Minister … Read more

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When it Comes to Crude Oil Prices, it’s Location, Location, Location: Russell

(Reuters) – A chasm in pricing crude oil has emerged — barrels constrained by choke points are being offered at sometimes massive discounts while those that can move freely command generous premiums. The gap continues to widen as the Middle East conflict worsens, with Yemen’s Iran-aligned Houthis making rapid advances to threaten complete control of … Read more

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Trend of Oil Shipments Through Hormuz Rising, US’s Wright Says

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(Reuters) – The seven-day rolling average of covert oil shipments accompanied by the U.S. Navy through the Strait of Hormuz is rising and will continue to rise, U.S. Energy Secretary Chris Wright said at a meeting of the U.N. nuclear watchdog on Monday. “The trend in that seven-day rolling average has been going up and … Read more

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Enbridge Announces the Closing of CDN$3.0 Billion Common Equity Offering Inclusive of Underwriters’ Over-Allotment Option

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CALGARY, AB, Sept. 14, 2026 /PRNewswire/ — Enbridge Inc. (TSX: ENB) (NYSE: ENB) (“Enbridge” or the “Company”) today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets, and including Scotiabank, BMO Capital Markets, TD Securities Inc., … Read more

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WE COULD KEEP THEIR OIL – Trump Says US Could Stay in Iran and Keep Oil, Like Venezuela Deal

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DOONBEG, Ireland, Sept 13 (Reuters) – President Donald Trump suggested on Sunday the ​United States could stay in Iran and “keep the ‌oil”, drawing a parallel with a U.S. push to take control of a fifth of Venezuela’s vast oil reserves. On a trip to Ireland ​for meetings and to watch golf, he reiterated that … Read more

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Trump Tells Ukraine’s Zelenskiy to Stop Hitting Russian Diesel

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  U.S. President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskiy to stop targeting Russian diesel infrastructure, saying the attacks were causing a shortage of the fuel that is “hurting the world”. A wave of long-distance Ukrainian drone attacks on Russian oil refineries in recent months has reduced that country’s fuel production, triggering … Read more

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Oil Surges Again as Saudi Pipeline Outage and Hormuz Risks Push Brent Above $108

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EnergyNow Morning Oil Price Report Report Date & Time: September 14, 2026 – 5:32 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$103.54 per barrel, up US$3.49, or 3.49%, from Friday’s official US$100.05 settlement. Oil is sharply higher as renewed attacks on Saudi energy infrastructure deepen concerns … Read more

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Obsidian Energy Provides an Operational and Guidance Update

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Calgary, Alberta–(Newsfile Corp. – September 14, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) provides an update to our second-half capital program and 2026 guidance (all amounts are in Canadian dollars unless otherwise noted). Highlights: Second-half 2026 development program advancing with two rigs active in … Read more

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COMMENTARY: Oil Markets Survived the Iran War Sprint. Now Comes the Marathon: Bousso

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    The widening of the Mideast conflict into Yemen and drone strikes on a critical Saudi oil pipeline highlight an uncomfortable reality: the Iran war is no longer a short-lived energy supply shock, but a prolonged, unpredictable test of global economic endurance. With crude oil back above $100 a barrel, markets are adjusting to … Read more

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Saudi Pipeline Outage Threatens Loss of 4% of Global Oil Supply

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Summary Kingdom has stocks in ports for 5-7 days to maintain oil exports, sources say Pipeline needs to restart to avert major export drop Saudi Arabia has not given details about duration of repairs Global oil crisis deepens, pushes inflation, bond yeilds higher (Reuters) – Saudi Arabia will run out of oil stocks for exports … Read more

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OPINION: Trump’s ‘Little War’ With Iran Just Got a Lot Bigger

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By Marc Champion Marc Champion is a Bloomberg Opinion columnist covering Europe, Russia and the Middle East. He was previously Istanbul bureau chief for the Wall Street Journal. Takeaways by Bloomberg AI The US blockade and sanctions on Iran are working, but they’re also raising the stakes beyond what the US is willing to pay. … Read more

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Venezuela to Join G20 Energy Summit as US Aims to Tap More Deals

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Takeaways by Bloomberg AI Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas, at the invitation of the Trump administration. The Venezuelan authorities will attend bilateral sessions, side events and industry discussions, but not formal closed-door ministerial meetings. The inclusion of Venezuela in the G20 talks gives Caracas added … Read more

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Exxon Boosts 2030 LNG Sales Forecast on Strong Demand Growth

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Takeaways by Bloomberg AI Exxon Mobil Corp. has raised its liquefied natural gas sales forecast, betting on robust long-term demand in Asia and beyond. The company expects its annual LNG sales to reach 50 million tons by 2030 and to keep rising beyond the current decade in line with market growth. Exxon remains bullish about … Read more

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THE UPGRADE: When Is It Time to Upgrade Your PLC/HMI? A Practical Guide for Oil & Gas Facilities

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In many oil and gas facilities, some of the most dependable equipment is also some of the oldest. A PLC may have been controlling a process reliably for years—or even decades. The HMI still displays what operators need to see, the instruments continue sending signals, and the process runs every day. From an operational perspective, … Read more

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INSIGHT: B.C.’s Royal Screw-Up on Royalties – Resource Works

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Don’t conflate forecast errors with new oil and gas royalty scheme. By Nelson Bennett Gas wellhead assembly seen at a B.C. drilling location near Fort St. John. This is where natural gas coming up from underground is brought under control before it flows into pipelines. The stack of valves regulates how much gas flows out, … Read more

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CANADA AND THE UNITED STATES: Two Different Oil Industries, One Stronger Integrated Continental System

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EnergyNow Media Feature The two countries compete for investment and market share, but their oil industries are more complementary than competitive The United States and Canada operate two of the world’s largest oil industries. The United States is the world’s leading crude oil producer, while Canada ranks among the top four and possesses one of … Read more

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SAYING “NO” WON’T BE EASY FOR CANADA – Mark Carney Said No to Donald Trump. Now He Must Contend With the Economic Fallout

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Takeaways by Bloomberg AI Canada’s leader Mark Carney has to contend with a more difficult economic reality due to new 50% tariffs on $20 billion of Canadian goods. Carney plans to reshape the economy by pushing through pro-business tax and regulatory reforms and spending billions in government money to get Canada’s natural resources to foreign … Read more

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Canadian Rig Count Rebounds to 207 as Natural Gas Drilling Leads Weekly Gain

EnergyNow Editorial Staff Canadian drilling activity rebounded this week, reversing part of the decline seen over the previous two weeks as natural gas drilling led the increase. Canada’s active rig count rose by three to 207 rigs for the week ended September 11, according to the latest Baker Hughes North America Rig Count Report. That … Read more

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MAKE YOUR VOICE HEARD on the New West Coast Oil Pipeline (WCOP) HERE – Consultation Period Ends September 18, 2026

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  The federal government is asking people across Canada for input on the proposed west coast oil pipeline. Tell them what you think by sending an email by September 18, 2026. Send Your Comment Here This new pipeline to the west coast would give up to a million barrels of oil per day access to new markets. It … Read more

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New Report of Attack on Strait of Hormuz Shipping Fans fears of Threats to Oil Supplies

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Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to energy supplies after Saudi Arabia shut down a vital oil pipeline. The British navy-affiliated agency ‌UKMTO said it had a report of a projectile hitting a vessel as it moved … Read more

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Alberta’s Smith Tells Talk Show Audience That a Crown Corporation for Natural Gas Unlikely After Report Leaked

danielle smith talk show

  Alberta Premier Danielle Smith said Saturday that it’s “unlikely” her government will launch a new Crown corporation to build out natural gas pipelines in the province. Smith, speaking on her provincewide radio call-in program “Your Province Your Premier” on QR Calgary and 880 CHED, said the government has heard from dozens of companies struggling … Read more

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CANADA’S DATA CENTRE BUILDOUT: Special Report – The Investment, Energy and Opportunities/Challenges Behind the AI Boom

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Summary Canada is entering what could become one of the largest infrastructure investment cycles of the next decade. Artificial intelligence, cloud computing, digital banking, government services, scientific research and virtually every major digital industry require increasingly powerful data centres. Canada also has a strategic reason to build them: Ottawa says the country still relies significantly … Read more

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Houthi Advance in Yemen Puts U.S. in a New Bind

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  Reuters – A lightning offensive by the Iran-aligned Houthis has put the militants in a position to control a crucial Middle East waterway, creating a major new problem for U.S. President Donald Trump as his war with Iran grinds on in its seventh month. Widening the Middle East conflict, Houthi fighters have advanced south … Read more

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US Limits Air Defence Time Slots for Tankers Sailing Through Hormuz, FT Reports

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  The U.S. has asked tankers travelling through the Strait of Hormuz to sail only at specific times to guarantee military protection after Iran stepped up attacks on ships travelling at night, the Financial Times reported on Saturday. Washington has been offering air-based defence since May to ships wanting to sail via a route hugging … Read more

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THEY PROBABLY DID IT – Trump Says Iran Probably Responsible for Attack on Saudi Pipeline

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  U.S. President Donald Trump said on Saturday that Iran was probably responsible for an aerial attack on Saudi Arabia that shut down its East-West pipeline, one of the kingdom’s main routes for exporting crude while bypassing the Strait of Hormuz. “I think they are, probably they are,” Trump told reporters in Dublin when asked … Read more

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Carbon Capture Canada Returns Amid Growing Investment and Momentum in Canada’s Carbon Capture, Utilization and Storage Sector

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Canada’s national carbon capture, utilization and storage convention returns to Edmonton September 15–17, 2026, bringing together global leaders to shape the future of carbon capture. Edmonton, Alberta – Canada’s carbon capture, utilization and storage (CCUS) sector is entering a critical execution window, with major policy and commercial decisions taking shape ahead of Carbon Capture Canada 2026, taking … Read more

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Chevron to Fund $7 Billion Venezuela Investment With Revenue From Existing Operations, CEO Says – What It Could Mean for Canada

EnergyNow Editorial Staff Oil major plans to more than double joint-venture production to roughly 600,000 barrels per day by 2031 while limiting its exposure to Venezuela’s continuing political and commercial risks. Chevron’s planned expansion in Venezuela will be financed entirely from cash generated by its existing operations in the country, a structure that could allow … Read more

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Oil Ends Above $100 Despite Friday Pullback as Middle East Supply Crisis Drives Big Weekly Gain

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EnergyNow Friday Oil Price Report Report Date & Time: September 11, 2026 – 3:02 p.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude finished Friday at US$100.05 per barrel, down US$2.43, or 2.37%, from Thursday’s US$102.48 settlement. Despite Friday’s decline, WTI gained US$8.57, or 9.37%, for the week, finishing above … Read more

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Chevron CEO Says Depleted Crude Oil Buffers Could Lead to Higher Prices

(Reuters) – Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries have released some crude stockpiles to the market, and the … Read more

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U.S. Rig Count Rises to 591 as Oil and Gas Drilling Both Increase

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U.S. drilling activity moved higher this week, with gains in both oil and natural gas rigs pushing the national count to its highest level in the latest run of Baker Hughes data. The U.S. rig count increased by three to 591 for the week ended September 11, according to the latest Baker Hughes North America … Read more

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Journey Energy Announces Purchase of Strategic Infrastructure and Posts Updated Corporate Presentation

Calgary, Alberta–(Newsfile Corp. – September 11, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce that it has closed the acquisition of a private company (“PrivateCo”), for total consideration of $8.0 million subject to customary closing adjustments. PrivateCo’s primary asset is a 0.98% working interest in the … Read more

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OIL UPDATE – Five Things to Watch – Rob Roach, ATB ECONOMICS

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There are always interesting things going on in the world of oil production and prices, but the current list is particularly relevant to this key component of both Alberta’s and Canada’s economic performance. Here are five evolving developments to watch: 1) Production is up – The amount of oil being extracted in Alberta has been … Read more

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August Inflation Likely Deld at Three Per Cent as Oil Prices Fell: Economists

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Economists expect inflation was steady in August as gasoline prices dropped from earlier in the summer, but the trade war between Canada and the United States will likely put some pressure on consumers’ wallets later on.
Statistics Canada is set to re…

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Italy Moves to Speed Oil, Gas Projects in Energy Security Push

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(Reuters) – Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports. Italy currently produces about 29 million barrels of crude oil a year, mainly in the southern region of Basilicata, and … Read more

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Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms, Including Shell

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(Reuters) – Norway’s energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government’s annual mature-areas (APA) licensing round. The number of companies rose by one from last year’s APA round, as Shell made a comeback after being absent in 2025, the list of applicants … Read more

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Yemen’s Houthis Reach Strategic Island at Mouth of Vital Shipping Lane

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(Reuters) – Yemen’s Iran-aligned Houthis on Friday reached the strategic island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world’s vital shipping routes. Earlier, two sources from the Saudi-backed, internationally recognised Yemeni government said its forces had withdrawn from Perim and that … Read more

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Saudi Oil Supply Hits More Than Three-Decade Low After Houthi Attacks, IEA Says

(Reuters) – Saudi Arabia’s crude supply fell 2.3 million barrels per day on the month to 6 million bpd in August, the lowest level in more than three decades, the International Energy Agency said on Friday, citing attacks on Saudi energy facilities. The drop follows the targeting by groups linked to Yemen’s Houthis of ships … Read more

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Banks Hike Oil Price Forecasts on Prolonged Gulf Disruptions

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(Reuters) – Banks including Goldman Sachs, Bank of America, and Commerzbank raised their Brent price forecasts this week, as persistent disruptions to Middle East shipping tightened oil markets and drove crude prices to multi-week highs. Commerzbank on Friday raised its year-end Brent oil price forecast to $85 per barrel from its previous forecast of $75/bbl. … Read more

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How China’s Oil Majors Helped Beijing Prepare for an Energy Crisis

(Reuters) – China’s state oil companies have been at the forefront of Beijing’s increasing prioritisation of energy security over the past decade, making investments that have helped soften the blow from the closure of the Strait of Hormuz. Since 2018, Sinopec, PetroChina and CNOOC Ltd have spent hundreds of billions of dollars drilling domestically while … Read more

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Hormuz Shipping Traffic Falls to Single Digits, Data Shows

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(Reuters) – Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15. Of the seven vessels, two Panamax ships exited the strait, one carrying fertiliser and the other sailing in ballast, according to data from … Read more

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IEA Warns 2026 Oil Supply Gap Will Widen on Delayed Return of Normal Gulf Flows

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Reuters Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring. An increase in attacks on oil tankers in Middle … Read more

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Advantage Announces Closing of Wembley Disposition

CALGARY, AB, Sept. 11, 2026 /CNW/ — Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to announce that it has completed the previously announced sale of its assets in the Wembley area of Alberta (the “Wembley Assets”) for gross cash proceeds of $316 million, prior to closing adjustments (the “Transaction”). The Transaction closed earlier … Read more

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Oil Pulls Back After Historic Surge, but Supply Risks Keep WTI Near $100

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EnergyNow Morning Oil Price Report Report Date & Time: September 11, 2026 – 5:30 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here  Summary WTI crude is approximately US$99.20 per barrel, down $3.28, or 3.20%, from Thursday’s official US$102.48 settlement. The pullback follows Thursday’s 6%-plus surge and appears driven primarily by profit-taking and … Read more

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REMOVING BARRIERS: Oil Sands Now Has Policies Needed to Boost Output, Canada Says

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By Robert Tuttle Canadian oil sands producers now have what’s needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country’s energy minister says. This week  the government revealed plans to remove federal environmental reviews of energy projects, including oil and gas pipelines, natural gas plants and … Read more

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INSIGHT: Canada’s Natural Resource Sector is at the Heart of the Government’s ‘Export & Diversification’ Plan

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By Jock Finlayson The Carney government wants to double Canada’s exports to countries other than the United States by 2035 to help reduce dependence on the U.S. market and deepen Canadian trade and commercial ties with other economies. The idea commands significant public support. Canada faces a volatile mercantilist president determined to dismantle much of … Read more

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INSIGHT: Why is the Bab el-Mandeb Strait so Important?

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(Reuters) – The Iran-backed Houthis are seeking to control the whole Yemeni Red Sea coast, which would further consolidate their leverage over the Bab el-Mandeb Strait — one of the busiest and most contested global maritime chokepoints. The militant group has already declared a naval blockade against Saudi Arabia, the world’s largest oil exporter, and … Read more

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NEW OIL GATEWAY: New Houston Terminal Strengthens Canadian Oil’s Path to Global Markets

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Facility expands access from Alberta oil sands to U.S. Gulf Coast refineries and export hubs By Grady Semmens Canada’s oil producers have gained a new gateway to one of the world’s most important energy hubs with the opening of Enbridge’s Houston Oil Terminal (EHOT), strengthening market access to the U.S. Gulf Coast refining sector and … Read more

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CANADA INVESTMENT SUMMIT: PM Carney to Woo Investors With Data Centers, Mines and LNG Deals

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By Thomas Seal, Brian Platt, and Christine Dobby Canada plans to show some of the world’s biggest investors a pitchbook laying out tens of billions of dollars’ worth of projects spanning data centers, advanced manufacturing, liquefied natural gas, ports and dozens of mines. A document seen by Bloomberg News features 167 projects intended to be … Read more

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ENSERVA SPEAKER SERIES: Build Canada Stronger – Powering Canada’s Economic Future – With Premiers Danielle Smith & Doug Ford – September 28, 2026, Calgary

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Two leaders. Two of Canada’s largest economic engines. One room. As Canadian energy takes center stage in global discussions on energy security and reliability, Enserva brings together Alberta Premier Danielle Smith and Ontario Premier Doug Ford in Calgary, AB. They will be speaking on the question that will define the next decade: how Canada builds, moves … Read more

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JOINT STATEMENT Between the Minister of Energy and Natural Resources of Canada and the First Deputy Prime Minister of Ukraine, Minister of Energy of Ukraine on Canada-Ukraine Energy Cooperation

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CALGARY, AB, Sept. 10, 2026 /CNW/ — On September 10, 2026, Canada’s Minister of Energy and Natural Resources Tim Hodgson and the First Deputy Prime Minister of Ukraine, Minister of Energy of Ukraine Denys Shmyhal met to discuss bilateral cooperation in the energy sector and opportunities to strengthen the long-standing partnership between Canada and Ukraine. … Read more

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Global Clean Hydrogen Investment Tops $130 Billion Amid Energy Security Push, Council Says

TOKYO, Sept 10 (Reuters) – Global cumulative investment in clean hydrogen projects has topped $130 billion as governments increasingly view the ​fuel as a tool for energy security ‌and industrial growth alongside decarbonisation, the Hydrogen Council said on Thursday. The investment in more than 570 committed projects supports about ​6.9 million metric tons per year … Read more

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UPCOMING ONLINE AUCTION: Unreserved Energera, Frac Shack & Sandtinel Group Complete Dispersal – October 2026 – Get Details Here

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  Auctioneers Note: Energera provided modular fuel delivery systems to support hydraulic fracturing operations through Frac Shack and particle separation technology that removes sand and other solid particles from fracking fluid through Sandtinel® Canada and the United States. The sale will include: (136) Frac Shacks (176) Trucks (291) Sadtinel Separators Skid steers, forklifts, fuel trailers, … Read more

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China Independent Refiners Scramble for Oil, Underpinning Spot Premiums

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(Reuters) – Chinese independent refiners have been rushing to secure crude from West Africa, Canada and South America in recent weeks, supporting spot premiums at multi-month highs as they replace thinning Iranian and Russian supplies, trade sources and analysts said. The purchases are set to further tighten physical markets as escalating attacks between the U.S. … Read more

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Where Global Gas and LNG Infrastructure is Growing: Maguire

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(Reuters) – Natural gas and LNG have emerged as the fossil fuel industry’s most important growth markets as demand for oil and coal comes under mounting pressure from electrification, efficiency gains and climate policies. Governments and utilities are increasingly turning to gas to support rising electricity demand and provide reliable power alongside expanding renewable energy … Read more

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Asia’s Oil Industry Wants Trump to Leave the Gulf, But Expects He Won’t: Russell

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(Reuters) – Asia’s crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East. Across thousands of conversations at this week’s … Read more

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China’s EV Penetration Could Reach 80% by 2030, Sinopec Researcher Says

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(Reuters) – China’s electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world’s … Read more

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HOW ABOUT NOW INSTEAD? Trump Says Iran War to End after US Midterm Elections, Threatens to Attack Pickaxe Mountain

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Trump says Iran war to end after US midterm elections, threatens to attack Pickaxe Mountain President Donald Trump said he expected the war with Iran to end after the November U.S. midterm elections and threatened again to attack a site associated with the Islamic Republic’s nuclear programme after the two sides launched their biggest wave … Read more

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OPEC Further Lowers 2026 Global Oil Demand Growth Forecast

  Reuters Sept 10 – OPEC on ‌Thursday lowered its forecast for world oil demand ​growth in 2026 ​to 380,000 barrels per day, ⁠a copy of ​its monthly report showed, marking ​the fifth straight downward revision. The producer group continues to ​see a smaller impact ​on consumption since the Iran war ‌started ⁠than other forecasters, … Read more

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Oil Extends Rally as Brent Holds Above $100 and WTI Nears Triple Digits

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EnergyNow Morning Oil Price Report Report Date & Time: September 10, 2026 – 5:30 a.m. MDT – Using Trading View Prices Summary WTI crude is trading at approximately US$97.49 per barrel, up $1.44, or 1.50%, from Wednesday’s official $96.05 settlement. Oil is firmly higher as escalating attacks on Gulf shipping reinforce concerns that Middle East … Read more

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“GET OUT OF THE WAY” – REPEAL BILLS C-48 and C-69: Conservative Shadow Minister for Energy Responds to Canada’s Carbon Capture Storage Announcement

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  “While the Liberal government is announcing a project to map deposits in the ground, they have still not removed a single anti-development law to get Canadian energy, critical minerals, and metals out of the ground. “Conservatives continue to call on the Carney Liberals to get out of the way and pass our economic action … Read more

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COMMENTARY: Trump’s Venezuelan Oil Flex Move Sends a Message to Canada: Build & Diverisfy Now! – Stewart Muir

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Washington is cultivating another source of heavy oil. Trans Mountain’s record performance – and the C$33.5-billion case for optimizing it – show how Canada answers: build choices of its own. By Stewart Muir A pedestrian walks past a mural featuring oil wells in Caracas, Venezuela, Saturday, Aug 29, 2026, a day after President Donald Trump … Read more

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Carney Government Scales Back Federal Reviews for Major Energy Projects

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The federal government is moving ahead with changes that will exempt a number of energy projects from a layer of its environmental assessment process. At the same time, a senior government source says the Liberals are preparing to back down on proposed changes that would have bypassed regulations meant to protect at-risk species. The government … Read more

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Quebec Party Leaders Talk tariffs, Sovereignty, Hydroelectricty in TV interviews

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The trade war with the United States and Quebec sovereignty took centre stage as leaders of Quebec’s five main parties appeared in back-to-back interviews on prime time television Wednesday evening.
The agora of the legislature in Quebec City was tur…

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Prospera Energy Announces Financing Update

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Calgary, Alberta–(Newsfile Corp. – September 9, 2026) – Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“) Private Placement Update Prospera announces a non-brokered private placement of up to 400,000,000 units at $0.03 per unit for aggregate gross proceeds of up to $12.0 million. The offering carries the same … Read more

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Enbridge to Acquire Tallgrass’ Crude Transportation Business, Expanding Its Leading North American Crude Oil Franchise

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CALGARY, AB, Sept. 9, 2026 /CNW/ — Enbridge Inc. (TSX: ENB) (NYSE: ENB) (“Enbridge” or the “Company”) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with wholly-owned subsidiaries of Tallgrass Energy, LP (“Tallgrass”) to acquire its crude oil business which includes: 75% of Pony Express Pipeline (Pony Express), a … Read more

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China Oil Demand to Fall 8.9% in 2026, Sinopec Research Says

By Florence Tan and Sam Li SINGAPORE/BEIJING, Sept 9 (Reuters) – China’s oil demand is expected to fall by 600,000 barrels a day, or 8.9%, in 2026, marking ​a third straight annual decline, while refining capacity is forecast to shrink up ‌to 5.5% from 2026 levels by 2030, according to Sinopec’s research arm. Oil demand … Read more

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US EIA Hikes Oil Price Forecasts as Iran War Drains Global Stockpile

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By Shariq Khan Global oil stocks down 400 mln barrels so far this year, EIA says Agency expects stocks to keep declining through the end of 2026 Lower inventories lead to ​upward revision in EIA oil price forecasts Attacks on Bab el-Mandeb exports raised Mideast output shut-ins during ‌August NEW YORK, Sept 9 (Reuters) – … Read more

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Baker Hughes Raises Annual Forecasts After Chart Purchase, Signals LNG Recovery Ahead

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By Vallari Srivastava and Pranav Mathur Sept 9 (Reuters) – U.S. oilfield services provider Baker Hughes (BKR.O) raised its full-year forecasts on Wednesday, ​reflecting the benefits of its $13.6 billion acquisition of industrial equipment ‌maker Chart Industries. Speaking at the Barclays Annual Energy conference, CEO Lorenzo Simonelli also struck an optimistic tone on liquefied natural … Read more

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US Natural Gas Output, Demand to Hit Record Highs in 2026 and 2027, EIA Says

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By Scott Disavino NEW YORK, Sept 9 (Reuters) – U.S. natural gas supply and demand will both rise to record highs in ​2026 and 2027, the U.S. Energy Information Administration said in ‌its Short-Term Energy Outlook on Wednesday. The EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day … Read more

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One Third of Gulf Oil is Still Missing Despite ‘Dark Crossings’, Data Shows

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By Dmitry Zhdannikov and Anushree Ashish Mukherjee Clandestine shipments have helped to ease global shortage Uncertainty over volumes has helped to drive oil prices higher Discrepancy between peak daily flows and average LONDON, Sept 9 – Estimates of Middle Eastern crude flows have varied wildly since tankers began “dark ​crossings” of the Strait of Hormuz, … Read more

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Building Our Way to Net Zero: Canada Breaks Ground on Nation’s Largest Carbon Capture and Storage Project

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CLIVE, AB, Sept. 9, 2026 /CNW/ — Canada is building the major projects needed to strengthen our energy sector, grow our economy, fight climate change, and reinforce our position as a global clean and conventional energy superpower. As Canada builds its way to net-zero emissions by 2050, investments in clean technologies and emissions-reducing infrastructure are helping drive … Read more

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Canadian Pump Prices Creep Higher as Mideast Fighting Escalates

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CALGARY – Fuel prices tend to ease off around this time of year, but one industry expert says drivers should expect no such relief this time. The high-demand summer driving season winds down after Labour Day and refineries will soon switch to producing cheaper winter fuels. But international crude oil prices have surged above US$100 … Read more

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Construction Begins on Canada’s Largest Carbon Storage Hub Near Clive, Alberta

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EnergyNow Media Origins CCS Hub expected to begin operations in January 2027 with initial capacity to permanently store 1.5 million tonnes of CO₂ annually CLIVE, Alberta – September 9, 2026  – Construction has begun on what is expected to become Canada’s largest carbon capture and storage project, marking another significant expansion of Alberta’s growing carbon-management … Read more

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Oil Tanker Hit in Iraqi Waters, as Vessels Get Caught in US-Iran Attacks

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A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been hit by disabling fire overnight. A fire broke out aboard the Panama-flagged oil tanker New Andros … Read more

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Oil Prices Fly Blind as the Hormuz Enigma Deepens: Bousso

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  Reuters How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions. It is, however, increasingly clear that this mystery has introduced a residual risk premium into crude prices that could remain deeply entrenched for … Read more

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EY Study Finds US Oil and Gas Producers Reach Record Production While Investing More Selectively in Future Growth

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Oil production hit a study-period high while reserve replacement fell below 100% for the first time since 2021. Capital expenditures declined 49% and exploration represented just 3% of total spending in 2025. Natural gas reserves reached a five-year high, supported by higher discoveries, exports and rising electricity demand. HOUSTON, Sept. 9, 2026 /PRNewswire/ — The … Read more

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Oil Breaks Above $100 as U.S.-Iran Conflict Triggers Biggest Wave of Tanker Attacks Yet

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EnergyNow Morning Oil Price Report Report Date & Time: September 9, 2026 – 5:30 a.m. MDT – Using Trading View Prices Summary WTI crude is approximately US$95.03 per barrel, up $2.00, or 2.15%, from Tuesday’s official $93.03 settlement. WTI is decisively higher as escalating U.S.-Iran military action raises the probability of prolonged Middle East supply … Read more

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GLJ Strengthens Strategy & Sustainability Advisory Services to Support Complex Energy Decisions

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CALGARY, AB, September 9, 2026: GLJ Ltd. (“GLJ”), global energy consultants, has strengthened its Strategy & Sustainability Advisory offering to help clients identify risk exposure, create value and build long-term resiliency across increasingly complex energy markets. Organized around three interconnected business lines, Strategic Market Development, Premium Product Positioning and Sustainable Asset Performance, the team connects … Read more

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Enbridge Further Expands Stateside with US$2.55B Pipeline and Storage Deal

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By Pooja Menon Sept 9 (Reuters) – Enbridge (ENB.TO) said on Wednesday it will acquire Blackstone (BX.N)-owned Tallgrass Energy’s crude oil business for $2.55 billion in ​cash, expanding its U.S. liquids pipeline network by buying a majority ‌stake in the Pony Express Pipeline and other assets. The Canadian pipeline operator said the deal would strengthen … Read more

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Canada In Talks to Sell Nuclear-Power Technology, LNG to Poland

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By Maciej Martewicz and Zosia Wanat Canada is seeking to sell nuclear-power technology as well as liquefied natural gas to Poland and has held talks about building an atomic reactor in the eastern European country, Trade Minister Maninder Sidhu said. The initiative comes as Ottawa boosts efforts to diversify its exports away from the US … Read more

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COMMENTARY: Here’s How to Attract Investment to Newfoundland Despite Trump’s Tariffs – Fraser Institute

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By Alex Whalen In the latest salvo in his trade war, President Trump has slapped a 50 per cent tariff on hundreds of Canadian export goods across many sectors of the Canadian economy. Prime Minister Carney has promised to retaliate with his own set of tariffs. While this trade war has caused economic uncertainty to … Read more

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Canada Infrastructure Bank Closes Loan for Nunavut Wind Project Serving Gold Mine

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The Canada Infrastructure Bank has closed a $20-million loan for an Inuit-led wind project serving a gold mine in Nunavut.
The recipient of the loan is a partnership between the Kitikmeot Inuit Association and Tugliq Energy.
The project includes a 4….

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FEATURE: Canada’s Electric-Vehicle Gold Rush Hits the Brakes – What Happened & Why?

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EnergyNow Feature Editorial  What Justin Trudeau, Doug Ford and Quebec promised, where the projects stand – and how much taxpayers committed Status as of September 2026 For several years, the federal government of Justin Trudeau, Ontario Premier Doug Ford and Quebec Premier François Legault promoted Canada as the future centre of North America’s electric-vehicle industry. … Read more

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ENERGYNOW SPECIAL REPORT – “Super El Niño”: What It Could Mean for Canada and the Western Canadian Oilpatch

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EnergyNow Special Report A potentially historic El Niño is strengthening in the tropical Pacific and is expected to influence global weather through the remainder of 2026 and into 2027. NOAA currently estimates a greater than 90% probability that the event will reach “very strong” intensity during the fall and winter of 2026–27. Its August outlook … Read more

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Chevron to Double Oil Rigs in Venezuela as Part of Growth Plan

By Sheila Dang HOUSTON, Sept 8 (Reuters) – Chevron (CVX.N) will more than double the number of oil rigs it ​operates in Venezuela as part of its five-year plan ‌to increase production in the country, Chief Financial Officer Eimear Bonner said at a Barclays conference on Tuesday. Last week, the U.S. ​oil major said its … Read more

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JPMorgan Hires Senior CPPIB Executive as Bank Expands in Canadian Equities

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(Reuters) – JPMorgan Chase has hired Canada Pension Plan Investment Board’s head of equities trading Chris Finora to lead its Canadian Cash Equities Trading franchise, the bank told Reuters, as it expands its equities platform to capture growing investment opportunities in Canada. Finora joins JPMorgan in Toronto this month after about two years at CPPIB … Read more

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WANTING MORE: US Seeks More Access to Venezuela’s Mineral Wealth After Tapping its Oil, Sources Say

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By Jarrett Renshaw and Ernest Scheyder Venezuela’s mineral wealth remains largely unproven Country suffers from outdated data, weak infrastructure and illegal mining Caracas is seeking foreign investment as Washington looks to deepen its economic influence Trump is trying to reshape Venezuela’s oil industry and broader resource sector Sept 8 (Reuters) – The Trump administration is … Read more

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Why Isn’t Oil Above $100 Despite Supply Disruptions?

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By Florence Tan SINGAPORE, September 8 – Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the U.S.-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea. Crude oil shipments from Middle East producers are at about ​11 million … Read more

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Enbridge Announces Retirement of Greg Ebel and Names Michele Harradence as President and Chief Executive Officer, Effective January 1, 2027

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CALGARY, AB, Sept. 8, 2026 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced that Greg Ebel will retire as President and Chief Executive Officer effective December 31, 2026, and that Michele Harradence has been appointed to succeed him as President and Chief Executive Officer and to the Board of Directors effective January 1, 2027. Ms. Harradence is … Read more

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ENERGY DISRUPTORS UNITE Announces Artemis II Astronaut Colonel Jeremy Hansen and Dr. Catherine Hansen for 2026 Summit

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The Canadian astronaut and women’s health expert will appear together on stage as a couple, joining Margaret Atwood, Lord David Cameron, Tyler Cowen, and leading voices shaping the future of energy CALGARY, AB – September 8, 2026: Energy Disruptors: UNITE has announced Artemis II astronaut Colonel Jeremy Hansen and Dr. Catherine Hansen, a leading women’s health and … Read more

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Alvopetro Expands Its Western Canadian Growth Platform with Mannville Heavy Oil Farm-In

CALGARY, AB, Sept. 8, 2026 /CNW/ — Alvopetro Energy Ltd. (TSX-V: ALV) (OTCQX: ALVOF) is pleased to announce that we have entered into an earning agreement (the “Agreement”) in the Mannville heavy oil fairway, adding 28 gross sections (14 net) of high-quality heavy oil lands to complement and expand on our existing Mannville position. Under the Agreement, … Read more

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Asia is Poised to Take up 70% of Canadian Oil Exports, Pipeline Executive Says

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  Asia, led by China, is expected to buy 70% of Canadian crude oil exports after the country’s only pipeline that provides access to the continent expands its capacity by a third by the end of 2028, a Canadian industry executive said on Tuesday. * Demand from Asia for Canadian crude has increased as the … Read more

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Rubellite Energy Corp. announces disposition of East Edson natural gas assets

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CALGARY, AB, Sept. 8, 2026 /CNW/ — Rubellite Energy Corp. (“Rubellite”, or the “Company”) is pleased to announce that it has sold its 50% non-operated working interest in the East Edson natural gas assets in West Central Alberta (the “East Edson Assets”) to the third-party operator of the East Edson Assets (the “Purchaser”) for total consideration of $67.0 million, … Read more

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Tourmaline Files Early Warning Report

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CALGARY, AB, Sept. 8, 2026 /CNW/ — Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company“) announces the filing of an early warning report (the “Early Warning Report“) pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Between June 1, 2026 and September 8, 2026, Tourmaline completed two minor acquisitions (together, … Read more

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BOWING OUT: Enbridge CEO Greg Ebel to Retire at End of Year, Michele Harradence Named Next CEO

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Enbridge Inc. says chief executive Greg Ebel will retire at the end of this year and be succeeded by Michele Harradence, who currently leads the company’s gas utilities business.
Harradence, Enbridge’s executive vice-president and president of gas dis…

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Tamarack Valley Energy and Headwater Exploration Announce $10 Billion Strategic Combination to Create a Premier North American Oil Producer and a New Growth-Oriented Exploration Company

  CALGARY, AB, Sept. 8, 2026 /CNW/ — Tamarack Valley Energy Ltd. (TSX: TVE) (“Tamarack”) and Headwater Exploration Inc. (TSX: HWX) (“Headwater”) are pleased to announce they have entered into a definitive arrangement agreement whereby the two companies will merge in an all-stock transaction valued at $10 billion (the “Transaction”), creating a premier North American oil company that combines top-tier profitability … Read more

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China’s Crude Oil Imports Stayed Weak in August. Can This Continue?: Russell

China’s seaborne imports of crude oil ticked up in August from July but remained nearly 40% below levels before the start of the Iran conflict. China, the world’s biggest oil importer, saw seaborne arrivals of 7.14 million barrels per day (bpd) in August, from July’s 6.93 million bpd, according to data compiled by commodity analysts … Read more

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Oil Pushes Higher Toward $100 as Middle East Supply Risks Intensify

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EnergyNow Morning Oil Price Report Report Date & Time: September 8, 2026 — 5:31 a.m. MDT Summary WTI crude is trading near US$93.81 per barrel on TradingView, up $1.16, or about 1.3%, from Monday’s official $92.65 settlement. WTI is clearly higher this morning and has reached its strongest level since early June. Brent crude is … Read more

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Goldman Sees $120/bbl Oil Risk if Attacks on Middle East Vessels Intensify

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    Goldman Sachs said oil prices may rally to as much as $120 a barrel if attacks on shipping in the Middle East rise and it recommended bets on natural gas and diesel as a way to capture gains, Bloomberg News reported. “Events over the last few days do suggest that the risk of … Read more

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Alberta Landowners Challenge ‘Chronic Underfunding’ for Orphan Well Cleanup

Alberta landowners are going to court over what they allege is the provincial energy regulator’s failure to properly fund the cleanup of oil and gas sites that have no company legally responsible for them.
Lawyers at environmental law charity Ecojust…

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OPEN LETTER TO ALBERTANS: Growth of Alberta’s Oil Sands Industry Over Past Three Decades Shows Cooperative Fiscal Federalism Still Works – Lennie Kaplan

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By Lennie Kaplan Dear Albertans: As we approach the October 19 referendum date in Alberta, don’t let some of the more vocal individuals in the Alberta separatist camp try to convince you that cooperative fiscal federalism hasn’t worked or doesn’t work for Alberta. It has worked, it does work, and it will work together in … Read more

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Tamarack Valley Energy and Headwater Exploration Announce $10 Billion Strategic Combination to Create a Premier North American Oil Producer and a New Growth-Oriented Exploration Company

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Tamarack Valley Energy Ltd. and Headwater Exploration Inc. have signed a merger deal valued at $10 billion that they say will bring together their operations in the Clearwater region in Alberta.
Under the proposed transaction, Headwater shareholders w…

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STAYING THE COURSE: OPEC+ Keeps Oil Output Policy Unchanged for October

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Summary OPEC+ ministers maintain quotas for October Group shifts attention to complex quota review Iran conflict weakens OPEC’s influence over market (Reuters) – OPEC+ kept its oil output policy unchanged for ‌October at a meeting on Sunday, it said in a statement, as the producer group needs to agree new quotas before deciding its next … Read more

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Iran Vows to Respond to US Strikes, Says US Energy Companies’ Facilities are ‘Exposed’

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Reuters Iran threatened  to retaliate against any new U.S. attacks on its assets, warning that the energy production chain in the region was “sprawling, accessible and exposed” and that U.S. oil and gas companies there shared that exposure. “Strike our assets and you get struck,” Iranian Parliament Speaker Mohammad Baqer Qalibaf said after U.S. and … Read more

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UAE Says Its Energy Exports Will Not Be ‘Held Hostage’ by Iran War

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Reuters Summary UAE seeks alternative energy and trade routes amid Iran war U.S. strategic partnership is not enough, Gulf officials say Hormuz must remain as an international waterway (Reuters) – The ​United Arab Emirates is building alternative routes for its energy exports and trade to ensure they ‌are not “held hostage” by the ongoing war between … Read more

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Oil Near Six-Week Highs as U.S.-Iran Tanker Strikes Intensify Hormuz Supply Risk

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EnergyNow Morning Report Date & Time: September 7, 2026 — 5:30 a.m. MDT Summary WTI crude is approximately US$91.98 per barrel on TradingView, up $0.50, or 0.5%, from Friday’s official $91.48 settlement — a moderate gain that keeps U.S. crude close to six-week highs. Brent crude is approximately US$97.27 per barrel on TradingView, up $0.99, … Read more

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PERMIT TO WORK: When Compliance Isn’t Enough

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By Myles Guinta, Account Manager, Yokogawa A permit can be complete, approved, and fully compliant while still failing to reflect the conditions workers encounter when the job begins. That distinction matters. In hazardous operations, permits are intended to help organizations identify risks, apply controls, and establish the conditions required for safe work. Yet the permit … Read more

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VFD OR SOFT STARTER? What Energy Producers Should Consider Before Choosing Motor Control – Learn More Here

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Motors are everywhere in energy facilities, driving pumps, fans, compressors, conveyors and other critical equipment. When a motor needs to be started and controlled, one of the common decisions is whether the application calls for a variable frequency drive (VFD) or a soft starter. Both can reduce the electrical and mechanical stress associated with starting … Read more

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SPECIAL REPORT: Who Actually Built Canada’s Big Projects? – Seventy-Five Years of Federal Approvals, Reversals and Hand-Offs

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An EnergyNow Special Report Canada’s biggest infrastructure projects rarely belong to one political party. A government may authorize a project, its successor may finance or reapprove it, and a later government may preside over completion. The reverse also happens: one Cabinet approves a project, a court nullifies the decision, and the next Cabinet formally rejects … Read more

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FINALLY – A Shovel in the Ground – What the North Coast Transmission Line Actually Unlocks – Resource Works

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B.C.’s single most consequential piece of enabling infrastructure just moved from press release to construction site. Here’s what the North Coast Transmission Line actually unlocks—and the one test that’s left. By Angela Wrigley B.C minister of finance Josie Osborn speaks at a press conference alongside B.C. Premier, David Eby, and President and CEO of BC … Read more

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HODGSON’S ENERGY TOUR CONCLUDES: Minister Hodgson Highlights Western Canada’s Role in Canada’s Energy and Economic Future

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  PRINCE GEORGE, BC, Sept. 4, 2026 /CNW/ — The Honourable Tim Hodgson, Minister of Energy and Natural Resources, concluded a five-day tour across Alberta, Saskatchewan and British Columbia, highlighting how provinces, workers, Indigenous partners, researchers and industry are positioning Canada as a global energy superpower with the strongest economy in the G7. Across Western Canada, … Read more

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Iran’s Hormuz Leverage Wanes as US Economic Squeeze Bites

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Summary Sanctions squeeze hits revenues, inflation and trade Global markets adapt, blunting Tehran’s coercive power Officials hope economic pain sparks unrest in Iran Sceptics say Iran’s resilience could thwart U.S. strategy ISTANBUL, Sept 6 (Reuters) – Six months after a conflict that rattled markets and pushed the Gulf to the brink of a wider war, … Read more

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U.S. Strikes Three Iranian Oil Tankers After Missile Attacks on Navy Warships

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EnergyNow Media Report American forces disabled two Iranian crude carriers and destroyed a third after ballistic missiles were launched toward a U.S. aircraft carrier and guided-missile destroyer, according to U.S. Central Command. U.S. forces struck three Iranian crude oil tankers on Saturday in retaliation for what the Pentagon described as multiple Iranian ballistic missile attacks … Read more

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The Venezuelan Billionaire the US Investigated for Money Laundering Now Has a Pentagon Oil Deal

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The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key partner in an unusual … Read more

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INSIGHT: Canada’s Equalization Program Suffers From Structural Problems – Fraser Institute

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By Tegan Hill and Joel Emes According to multiple provincial governments including Alberta and Saskatchewan, Canada’s equalization program is inequitable, dysfunctional and flawed. In other words, it’s broken. Proponents of the status quo may dismiss these grievances as inevitable for any government program that redistributes money across provinces. So, is equalization actually broken? Canada’s equalization program—which will cost $27.2 billion this fiscal … Read more

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TRUMP’S VENEZUELA OIL DEAL: A Strategic Win for America, but is it a Good Deal for Venezuelans?

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EnergyNow Editorial Staff Summary The agreement gives the United States extraordinary economic and strategic rights over 17 Venezuelan oilfields containing an estimated 65 billion barrels of recoverable oil. Venezuela could receive badly needed investment, employment, technology and government revenue, but the projected benefits depend on attracting as much as US$100 billion from investors who remain … Read more

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CASE STUDY: One ERP Supporting Every Stage of Operational Growth – Learn More:

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“Discovery’s accounting module really meets our operational needs and the reporting functionality provides valuable insights.” – Randy Martin l Director Of Finance Customer Spotlight PCM Artificial Lift Solutions, a leader with over 85 years of expertise, delivers advanced Progressive Cavity Pump (PCP) solutions across more than 35 countries. Their dedication to excellence is evident in … Read more

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Bessent Sees Oil as Low as $40 Post-Iran War, Lower Yields

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By Yash Roy Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years. “We’re going to get on the other side of this Iran conflict, and I expect that oil … Read more

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Adnoc Keeps Loading LNG on Tankers Despite Hormuz Disruption

By Stephen Stapczynski Abu Dhabi National Oil Co. appears to be continuing to load liquefied natural gas onto tankers in the Persian Gulf, according to satellite images, despite ongoing disruptions to energy flows through the Strait of Hormuz and a recent escalation of hostilities in the waterway. A vessel was docked at the Das Island … Read more

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What Trump’s Venezuela Oil Grab Means for China

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The Trump administration’s deepening involvement in Venezuela — first with the ouster of longtime leader Nicolás Maduro and now with a deal to take a stake in its oil industry — could complicate China’s strategy in Latin America. Venezuela was one of the countries at the forefront of China’s push to expand its geopolitical and … Read more

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Federal Tories Launch ‘Conservatives for Canada’ Campaign Ahead of Alberta Referendum

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The federal Conservatives have launched a campaign to engage their supporters and encourage them to vote to stay in Canada in the upcoming Alberta referendum.
Albertans are set to vote on Oct. 19 on whether they want to remain a province or begin the …

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Canadian Rig Count Falls to 204, But Drilling Remains 13% Above Last Year

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Canadian drilling activity fell for a second consecutive week, but the industry’s year-over-year growth continues to tell a considerably stronger story. Canada’s active rig count dropped by seven to 204 rigs for the week ended September 4, according to the latest Baker Hughes North America Rig Count Report. That follows a five-rig decline the previous … Read more

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Oil Posts Biggest Weekly Gain Since July as U.S.-Iran Conflict Rebuilds War Premium

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Report Date & Time: September 4, 2026 — 3:01 p.m. MDTFriday closing report. TradingView market data and official settlement information checked at report time. Summary WTI crude settled Friday at US$91.48 per barrel, up $0.18, or 0.20%, on the day. From last Friday’s $83.40 settlement, WTI gained $8.08 per barrel, or 9.7%, its strongest weekly … Read more

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U.S. Rig Count Holds at 588 as Oil Drilling Rises and Gas Activity Slips

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U.S. drilling activity held steady this week, but producers continued shifting rigs back toward oil as crude prices posted another strong weekly gain. The U.S. rig count remained at 588 for the week ended September 4, according to the latest Baker Hughes North America Rig Count Report. That leaves the U.S. with 51 more rigs … Read more

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Russia’s Sechin Says China, Not OPEC, Calls Shots on Global Energy Markets

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(Reuters) – Igor Sechin, chief of Russia’s top oil producer Rosneft, said on Thursday that China, not OPEC, has stabilized global oil markets by reducing crude imports by 5.5 million barrels per day this year. Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a Russian … Read more

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Gulf Shipping Traffic Via Hormuz Keeps Below 10-Day Average, Data Shows

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(Reuters) – Four commodity vessels transited the key waterway of the Strait of Hormuz on Thursday, down from nine a day earlier and well below the 10-day average tally of about 15, preliminary shipping data showed. Two medium-range tankers, a Kamsarmax carrier and a Handysize vessel made up the figure, Kpler data showed by 0455 … Read more

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Chevron CEO Says Patience Pays Off in Venezuela Oil Deal

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By Kevin Crowley Big Oil has often employed the “hang around” playbook: secure legal rights to a giant resource — and then, eventually, figure out how to produce it profitably. But few companies have taken it to the extremes of Chevron Corp. For two decades, Chevron stayed in Venezuela while all its major peers quit … Read more

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Peyto Marks Three Years of Growth Following Repsol Acquisition

Peyto Exploration & Development says its $636-million acquisition of Repsol’s Canadian assets has strengthened the company three years after the deal was announced. Production from the acquired Alberta Deep Basin properties has increased 130 per cent, rising from 23,000 to approximately 53,000 barrels of oil equivalent per day. Peyto has drilled 135 Spirit River horizontal … Read more

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PERSPECTIVE: Eastern Canada’s U.S. Gas Dependence Revives the Case for a Stronger Alberta Connection

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Ontario and Quebec obtain roughly two-thirds of their natural gas from the United States. Rising trade tensions are prompting new questions about whether Canada should rebuild its west-to-east energy infrastructure. Canada possesses some of the world’s largest natural gas resources, yet millions of Canadians remain heavily dependent on gas imported from the United States. That … Read more

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Oil Holds Near Six-Week Highs as U.S.-Iran Conflict Keeps Supply Risk Elevated

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Summary WTI crude is trading near US$90.75 per barrel on TradingView, down approximately $0.55, or 0.6%, from Thursday’s $91.30 settlement. WTI is modestly lower this morning but remains on track for its strongest weekly gain since mid-July. Brent crude is trading near US$95.18 per barrel on TradingView, down approximately $0.34, or 0.4%, from Thursday’s $95.52 … Read more

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NOT SO FAST: Venezuelans Denounce Trump’s “Biggest Oil Deal Ever” – Could Become Trump’s “Biggest Uncertainty Ever”

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Questions over sovereignty, transparency and democratic legitimacy threaten to undermine the investment certainty the agreement was supposed to create President Donald Trump promoted his agreement for access to 65 billion barrels of Venezuelan oil as “the biggest oil deal in world history.” Inside Venezuela, however, the arrangement is generating anger from an unusually broad range … Read more

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POWERING B.C. – Construction Begins on Major B.C. Transmission Line Aimed at Powering Northwest

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Construction is underway on a major electricity transmission project in British Columbia’s north, a project the federal and provincial governments say will contribute nearly $10 billion a year to B.C.’s economy.
The North Coast Transmission Line expan…

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Hemisphere Energy Provides Further Update on Atlee Buffalo Operations

Vancouver, British Columbia–(Newsfile Corp. – September 3, 2026) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is providing a further update on the fire incident at the Company’s largest oil battery at its Atlee Buffalo property, previously announced on August 26, 2026. Clean-up activities are ongoing, and equipment and debris removal is underway. The … Read more

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Keyera Announces 2026 Marketing Guidance Update and Provides Operational Update

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CALGARY, AB, Sept. 3, 2026 /CNW/ — Keyera Corp. (TSX: KEY) (“Keyera” or the “Company”) today announced that it has revised its 2026 Marketing segment realized margin1 guidance to $320 million to $350 million from $360 million to $390 million. The revised outlook reflects the estimated impact of the ongoing Line 5 disruption and lower expected production at the Company’s … Read more

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Canada Breaks Ground on North Coast Transmission Line to Deliver Clean Power and Reduce Emissions

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PRINCE GEORGE, BC, Sept. 3, 2026 /CNW/ — In a time of global volatility, Canada is focused on what we can do: building an affordable, competitive, sovereign and sustainable Canadian economy. Central to this mission is our National Electricity Strategy, a blueprint for supplying and controlling our own electricity by doubling our grid by 2050 to meet … Read more

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How Mark Carney Can Rescue the UAE’s $70 Billion Investment Commitment into Canada – Resource Works

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By Siavash Tahan Prime Minister Mark Carney, left, meets with UAE Minister of Industry and Advanced Technology and Managing Director of state-run Abu Dhabi National Oil Co. (ADNOC) Sultan Ahmed al-Jaber as he arrives in Abu Dhabi, Wednesday, Nov. 19, 2025. THE CANADIAN PRESS/Sean Kilpatrick When Prime Minister Mark Carney returned from the United Arab … Read more

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COMMENTARY: New Brunswick Government’s Natural Gas Review a Good First Step – Fraser Insitute

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By Alex Whalen According to a recent announcement by Premier Holt, her government will review New Brunswick’s moratorium on natural gas development, which includes the recovery method of hydraulic fracturing (also known as fracking), a widely-used process used to recover natural gas. This is a good first step toward unleashing the province’s massive natural gas … Read more

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ENERGY & POLITICS: Only Democratic Government Can Provide Stability for Oil Investors, Venezuelan Opposition Leader Machado Says

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    Only democratic government can provide stability for oil investors, Venezuelan opposition leader says Only a “serious, democratic government” can provide the stability needed by investors in Venezuela’s oil sector, opposition leader and Nobel Peace Prize winner Maria Corina Machado said in a video message on Thursday. International energy firms on Wednesday committed to … Read more

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Venezuela’s Heavy Crude Could be Swapped for American Oil to Fill Emergency Reserve, Wright Says

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(Reuters) – U.S. President Donald Trump said on Sunday that oil from a recently struck deal with Venezuela will be used to replenish the Strategic Petroleum Reserve, adding that the “topping out” process will begin shortly. But it’s not that easy and Energy Secretary Chris Wright hinted as much on Wednesday while visiting Venezuela. “We’ll … Read more

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A Remote Shale Gas Basin in Australia Answers Hormuz Security Fears: Russell

(Reuters) – Hundreds of kilometres from anything resembling civilisation, a remote shale natural gas field in northern Australia may seem like an unusual beneficiary of the Iran conflict. But energy security is once again paramount as Asia grapples with the fallout from the war, and a new scramble for long-life resources is taking shape. The … Read more

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Why Oil Importers Are Learning to Live With Longer Trade Routes: Maguire

(Reuters) – Energy trade routes that optimize distance and costs may no longer be suitable for the fractured and fractious modern world, especially for major importers. Ongoing tensions involving Iran are pushing major oil importers to develop alternative supply routes, which increasingly bypass the supply hubs that previously dominated global energy trade. The end result … Read more

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Goldman Sachs Sees Venezuela Crude Output Rising, But Return to Pre-2018 Levels Unlikely

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Goldman Sachs expects Venezuela’s crude production to edge higher, but does not see output returning to pre-2018 levels of more than 2 million barrels per day over the next few years. It said in a note that key bottlenecks, including degraded infrastructure and an unreliable power grid, will be costly and time-consuming to fix. * … Read more

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Oil Climbs to Fresh Six-Week Highs as U.S.-Iran Escalation Deepens Hormuz Supply Fears

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Report Time: September 3, 2026 — 5:30 a.m. MDT Summary WTI crude is trading near US$93.05 per barrel on TradingView, up $2.04, or approximately 2.2%, from Wednesday’s official $91.01 settlement. WTI is decisively higher and has reached its strongest level in roughly six weeks as Middle East supply fears intensify. Brent is also trading at … Read more

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OPINION: Smith’s Deal With Ottawa Could Close Curtain on Private-Sector Investment in Alberta Oil

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Premier Smith suggests the new pipeline would “create tens of thousands of jobs” and “generate tens of billions in new provincial and federal revenues.” Yet private-sector investors largely took a pass. By Kenneth Green With Trump’s trade war raging, you can be forgiven if major developments in other areas of policy have faded from memory. … Read more

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OPINION: While Carney Plays Checkers on Canadian Energy Policy, Trump Plays World Energy Chess – Ron Wallace

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  By Ron Wallace “In the past 10 or so years Canada has made policy mis­takes that have caused the coun­try to lose bil­lions of dol­lars, by turn­ing away from eco­nomic prosper­ity in favour of fail­ing bat­tery plants and other unprof­it­able green energy fantas­ies. Polit­ics over eco­nom­ics has cost us dearly; we can­not miss the … Read more

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OPEC+ Likely to Stick With Plan for Quotas, Delegates Say

By Grant Smith and Salma El Wardany Key OPEC+ members are likely to stick with a plan to keep crude production quotas steady next month when they meet this weekend, delegates said. A sub-group led by Saudi Arabia and Russia this month nominally completed the return of output halted back in 2023, though the Iran … Read more

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Bessent Says Hormuz Will Be ‘Worthless’ as Oil Bypasses It

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By Yash Roy Treasury Secretary Scott Bessent dismissed the importance of the Strait of Hormuz on Tuesday, saying the crucial waterway for Persian Gulf energy that’s been controlled by Iran during the recent conflict will be bypassed by oil pipelines. “That will be bypassed in two years,” Bessent said in a fireside chat with Larry … Read more

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WINTER GAS VS SUMMER GAS: Why Canadians Could Soon See Relief at the Pumps and When Prices May Rise Again

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EnergyNow Editorial Staff Canadian motorists could receive some welcome relief at the pumps this fall as refiners and fuel suppliers begin replacing more expensive summer-grade gasoline with cheaper winter-grade fuel. The seasonal change will not produce the same savings in every province or city, and volatile crude oil markets could easily overwhelm the reduction. However, … Read more

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Lotus Creek Exploration Inc. Announces Wilson Creek Operational Update and July Update to Shareholders

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Calgary, Alberta–(Newsfile Corp. – September 2, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to provide an operational update on its Wilson Creek light oil asset and ongoing Belly River development program. Wilson Creek Development Update In September 2025, Lotus Creek commissioned its operated 02-29 Wilson Creek battery, establishing … Read more

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Iran Blacklists More Ships Trying to Sail Through Hormuz, Govt Website Shows

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(Reuters) – Iran has added more ships it deems as non-compliant and subject to fines, confiscation or detention if they try to sail through the Strait of Hormuz, according to a government website. Tehran said on August 24 it had blacklisted 45 tankers that had broken its rules for navigating the Strait of Hormuz, and … Read more

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SIGNIFICANT COMPETITIVE THREAT: U.S. Oil Deal With Venezuela is a ‘Significant Competitive Threat’ to Alberta Oil Sands & Canada: VARCOE

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‘For Canada, we should be doubling down on our pipeline to the West Coast, because it could create some challenge long term. I don’t see any challenge short term. Venezuela is going to take a while to develop,’ said Bob Geddes  This Article and More From Chris Varcoe Here Bob Geddes knows the Canadian oil … Read more

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China Won’t Have Claim to Venezuela Oil Revenue, Wright Says

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By Tyler Kendall, Ari Natter, and David Wethe With private companies on the cusp of signing a series of deals that will put Venezuela on pace to rapidly expand its crude output, US Energy Secretary Chris Wright said that China won’t have any debt claims to the revenue from new production. There are efforts underway … Read more

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ARC Resources Ltd. announces closing of acquisition by Shell plc

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CALGARY, AB, Sept. 2, 2026 /CNW/ — (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) announced today the closing of the previously announced acquisition by an indirect, wholly-owned subsidiary of Shell plc (“Shell”) of all of the outstanding common shares of ARC (the “ARC Shares”) in a cash and share transaction (the “Arrangement”) valued at approximately CAD $22 billion, including … Read more

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Shell Completes Acquisition of ARC Resources

Calgary, September 2, 2026 − Shell plc has completed the previously announced agreement (the “Arrangement Agreement”) to acquire ARC Resources Ltd. (“ARC”) (TSX: ARX), an energy company focused in British Columbia and Alberta, Canada, following receipt of all required shareholder, court and regulatory approvals. The acquisition accelerates Shell’s strategy by adding approximately 370 kboe/d immediately across liquids and gas, supporting a production … Read more

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Gas Tax Relief is Good News: Government Must Make Tax Cut Permanent

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The Canadian Taxpayers Federation is applauding the federal government for extending its federal gas tax cut and urging Prime Minister Mark Carney to go further and make the tax cut permanent. “The Canadian Taxpayers Federation has been pushing for gas tax relief for a long time and the government’s decision to cut taxes at the … Read more

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Bank of Canada Holds Key Rate as it Prioritizes ‘Multiple Risks in Play’

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The Bank of Canada stuck to the sidelines Wednesday as governor Tiff Macklem suggested the re-escalating trade war with the United States is not the only risk monetary policymakers are monitoring.
The central bank left its policy rate unchanged at 2.2…

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Energy Disruptors: UNITE Announces Arlene Dickinson and Calgary Mayor Jeromy Farkas for 2026 Summit

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Two prominent Calgary voices join international voices like Margaret Atwood and Lord David Cameron, Tyler Cowen at the September 28–29 summit CALGARY, AB – September 2, 2026: Energy Disruptors: UNITE has announced two more prominent Canadian leaders joining its 2026 summit: celebrated entrepreneur and venture capitalist Arlene Dickinson and Calgary Mayor Jeromy Farkas. Taking place September 28–29 at Calgary’s … Read more

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Walking a Tightrope: Bank of Canada Remains on Hold – ATB Economics

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By Mark Parsons, ATB Economics Key points Policy interest rate stays at 2.25%, as we expected. The Bank is walking a tightrope, balancing higher inflation from the war in Iran and weaker growth prospects from re-escalating U.S.-Canada trade tensions. We expect the Bank to remain on the sidelines for the rest of 2026. No surprise … Read more

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Carney Government Extends Federal Gas Tax Break

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The federal government  announced Wednesday that it will extend its temporary fuel-tax holiday beyond its September 7 expiry date and into the new year, providing continued relief for Canadian motorists, truckers and businesses facing elevated fuel costs. Prime Minister Mark Carney’s government suspended the federal fuel excise tax on gasoline and diesel on April 20 … Read more

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Chevron Expands Venezuela Position, to Invest $7 Billion in Next Five Years

Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd. The expansion is the culmination of several months of negotiation conducted separately from Washington’s recent announcement of an … Read more

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What are Iran’s Options to Retaliate as Open Warfare Resumes with the US?

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The United States launched a new wave of attacks on Iran late on Tuesday six months into a deadlocked conflict, prompting Iranian missile fire at what it called U.S. assets in Jordan, Bahrain, Kuwait and Iraq. Here are other ways Iran might retaliate if the conflict continues to escalate or a U.S. campaign to choke … Read more

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US Energy Secretary Says Venezuela Oil Output to More Than Double in Next Few Years

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U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years. Wright is on a one-day trip to the founding OPEC member, his second … Read more

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COMMENTARY: Trump Plan Risks Derailing Venezuela Oil Recovery: Bousso

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Reuters President Donald Trump’s plan to secure direct U.S. access to a large share of Venezuela’s vast oil reserves could end up derailing the country’s long-awaited petroleum revival by stifling competition, distorting markets and deterring the foreign investment needed to rebuild the South American nation’s battered energy industry. The plan unveiled on Monday would see … Read more

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Oil Holds Near Five-Week Highs as U.S.-Iran Fighting Keeps Hormuz Risk Elevated

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Report Time: September 2, 2026 — 5:30 a.m. MDT EnergyNow Media Summary WTI crude is trading near US$90.51 per barrel on TradingView, up $0.29, or about 0.3%, from Tuesday’s official $90.22 settlement. WTI is therefore slightly higher to relatively flat after Tuesday’s powerful 5.2% surge. Brent crude is trading near US$95.14 per barrel on TradingView, … Read more

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GETTING THE BEST LEVERAGE: How Oil and Gas Producers Can Best Leverage Alberta’s Methane Reduction Deployment Program Amid Evolving Regulatory Requirements.

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On November 12, 2025, Emissions Reduction Alberta (ERA) announced $22.4M in funding towards methane reduction from oil and gas operations through the “Methane Reduction Deployment Program” (MRDP). The intent of the program is to accelerate the deployment of commercially available methane mitigation technologies by offering ERA funding to early adopters1. On June 10, 2026, Minister … Read more

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ANALYSIS: Gap in Living Standards Between Canada and the U.S. Has More Than Doubled From 1999-2024; U.S. Now $23,757 Higher Than Canada

Squandering the Canadian Century Part 1: Comparing Economic Performance in Canada and the United States By Grady Munro, Jake Fuss and Joel Emes At the turn of the 21st century, some hoped this would be the “Canadian Century” wherein Canada’s economic growth could begin to rival that of the US. Now, a quarter of the … Read more

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LINE 5 SHUTDOWN – Canada /U.S. Economic Collaborations Becoming Even More Complicated – Maureen McCall

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In an era of posturing and overblown rhetoric, critical conversations are neglected. By Maureen McCall For more than 65 years, Enbridge’s Line 5 has delivered Canadian light oil and natural gas liquids (NGLs) that heat homes and businesses, fuel vehicles and power industry in both Canada and the U.S. Since October 1, 1977, the Enbridge … Read more

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B.C. Government Confirms Errors Worth $1.46B in Gas Revenue Forecasts

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Errors including botched currency conversions led the British Columbia government to overstate its forecasted natural gas revenues by about $1.46 billion over five fiscal years, officials confirmed on Tuesday.
Senior staff with the ministries of energ…

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US Officials Defend Venezuela Oil Deal, Say Agreement Part of Path to Democracy

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By Marianna Parraga and Timothy Gardner US officials say Venezuela fields were previously dominated by Chinese and Russian companies Alejandro Betancourt was vetted and faces no U.S. charges, officials ​say US officials say Venezuela elections are a longer-term goal WASHINGTON, Sept 1 (Reuters) – U.S. officials on Tuesday defended Washington’s deal to take an equity … Read more

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Journey Announces Closing of Northwest Assets Disposition

Calgary, Alberta–(Newsfile Corp. – September 1, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce the closing of its previously announced disposition. The assets sold include the Ante Creek pool and the Pine Creek gas field as well as certain of Journey’s minor properties in Northwest Alberta. … Read more

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Venezuela’s Assembly Backs Oil Deal Announced With U.S.

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CARACAS, Sept 1 (Reuters) – Venezuela’s ruling party-dominated National Assembly backed the ​country’s oil deal with ‌the Trump administration in a vote on Tuesday, ahead of ​a visit to Caracas ​by the U.S. Energy Secretary. The ⁠unprecedented deal for the ​U.S. to gain access to ​a fifth of Venezuela’s oil reserves via an arrangement under … Read more

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US Judge Rules Shale Oil Antitrust Case Can Proceed Against Major Producers

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(Reuters) – Diamondback Energy, Occidental Petroleum and several other U.S. oil producers failed to persuade a federal judge to dismiss a series of lawsuits alleging they conspired to curb output, leading to higher prices for crude oil and related products such as gasoline, diesel fuel and home heating oil. Here are the details: U.S. District … Read more

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TSX Down Nearly 450 Points as Oil Prices Rise, U.S. Stock Markets Also Lower

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Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran.
The U.S. military hit targets in Iran on Tuesday after it said Tehran tried to attack commercial…

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COMMENTARY: PM Carney Has His Confirmed Majority – Now Is the Time to Use His Political Capital to Accelerate Energy Development

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By EnergyNow Editorial Staff Prime Minister Mark Carney emerged from the August 31 byelections with something most Canadian prime ministers would envy: a reinforced parliamentary majority, several years before he must face voters again and fresh evidence that Canadians are prepared to trust his leadership during a period of extraordinary economic uncertainty. The Liberals swept … Read more

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BEYOND THE DEAL: What Comes Next for Energy Entrepreneurs? – Reece Tomlinson

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By Reece Tomlinson, Founder and CEO of RWT Capital Canada’s energy industry was built by entrepreneurs. Across Western Canada, thousands of oilfield service, technology, manufacturing, construction and energy businesses began with little more than an idea, a handful of employees and a founder willing to work harder than almost everyone around them. For many, that … Read more

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Two Tankers Carrying Saudi Oil Attacked in Strait of Hormuz

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  Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler. “The near-simultaneous incidents represent a further escalation in the threat environment within the Omani corridor,” Marisks said. The … Read more

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The Americas’ Oil Bonanza Will Outlast the Iran Conflict: Bousso

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From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran warby capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change. Oil production in the Americas has become a viable alternative to the Middle … Read more

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RED FLAGS: Trump’s Oil Deal With Venezuela Raises Red Flags for Some Major Producers

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Summary Venezuelan businessman’s role in the deal is unsettling some oil firms, sources say Oil majors’ involvement needed to achieve goals, UBS says Companies wary of directly competing with US government, sources say (Reuters) – An unprecedented deal for the U.S. to gain access to a fifth of Venezuela’s oil reserves – and the central role a Venezuelan businessman … Read more

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Oil Climbs Again as U.S.-Iran Fighting Raises Fresh Hormuz Supply Fears

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Report Time: September 1, 2026 — 5:31 a.m. MDT Summary WTI crude is trading near US$87.64 per barrel on TradingView, up $1.88, or approximately 2.2%, from Monday’s official $85.76 settlement. WTI is decisively higher as renewed U.S.-Iran military exchanges put Middle East supply risk back at the centre of the market. Brent crude is trading … Read more

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REGISTER NOW! 11th Annual Energy Storage Canada Conference – Canada’s Energy Storage Moment Is Approaching – Sept 22-23, Toronto, ON

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As projections for electricity demand rise across Canada, energy storage is increasingly central to conversations related to grid reliability and affordability, industrial growth and economic competitiveness. The ENERGY STORAGE CANADA (ESC) Conference 2026, The Storage Advantage, hosted by Energy Storage Canada, marks a pivotal moment for the sector. Bringing together policymakers, utilities, developers, investors, Indigenous … Read more

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ANALYSIS: Oil Sands GDP Could Receive an Additional $110 Billion Bboost Over Next Decade by Remaining in a Renewed Canada – Lennie Kaplan

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By Lennie Kaplan New modeling reveals that Alberta oil sands gross domestic product (GDP) could be boosted by an additional $110 billion or 25% over the next decade though a new economic deal that keeps our province within a united Canada, rather than pursuing Alberta independence. The modeling assumes an increase in Alberta’s oil production … Read more

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CANADA: Two Energy Booms, One Still Waiting – Stewart Muir

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Natural gas, LNG and liquids are moving from promise to steel, contracts and export cargoes. Oil is producing at record levels too – but its next large wave of growth is waiting for Ottawa and Alberta to turn their July bargain into rules durable enough for billion-dollar decisions. By Stewart Muir An LNG storage tank … Read more

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TD Sees Canada Investment ‘Supercycle’ With Tax, Regulation Reforms

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By Derek Decloet The Canadian economy has the potential to enter an investment “supercycle,” despite its currently stormy relationship with the US, but it needs reforms to taxes and regulation, Toronto-Dominion Bank said. In a new report, economists at Canada’s second-largest bank calculated there’s already more than C$1 trillion ($721 billion) in proposed long-term projects in key … Read more

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‘You Just Move Forward’: Greenland Energy Oil Exploration Delayed by a Year

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A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston.
And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal, l…

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COMMENTARY: How Will Trump’s Venezuela Deal Affect Alberta? – Yogi Schulz

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  By Yogi Schulz Even discounting President Trump’s penchant for hyperbolic exaggeration, the US deal for access to Venezuelan crude oil reserves has sufficient scope to cause everyone interested in Alberta’s oil export outlook to take notice. Let’s take a closer look. President Trump’s Truth Social post about the Venezuela deal BIGGEST OIL DEAL IN … Read more

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REALITY: Oil and Gas Pipelines – A Safe Mode of Transport That Keeps Getting Safer

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By Julio Mejía and Elmira Aliakbari Canadians have heard a great deal about proposed oil pipelines—one that would carry Alberta crude to a British Columbia port for export, and another one linking Alberta to Ontario to strengthen east-west energy ties. While these projects could address longstanding gaps in Canada’s energy infrastructure, they’ve also drawn strong opposition from environmental groups and … Read more

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PERSPECTIVE: Canadian Energy Superpower Aspirations – Achievable or Pretentious? – Maureen McCall

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  By Maureen McCall “Canada has a tremendous opportunity to be the world’s leading energy superpower, in both clean and conventional energy.” Prime Minister Mark Carney, April 2025. Canada’s Potential as an Energy Superpower Energy superpower …a lofty goal for Canada. But is it no more than a political slogan, a rallying cry to hook … Read more

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Trump Says Exxon is ‘Going in’ to Venezuela as US Pushes Oil Deals

(Reuters) – U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela. Exxon declined to comment. Any entrance into the South American country would mark a stunning reversal nearly two decades after the company exited following the nationalization of its … Read more

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OPEC EXIT? Trump on Possible Venezuela Departure From OPEC: ‘It’s Up to Them’

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(Reuters) – U.S. President Donald Trump said on Monday that it is up to Venezuela to decide whether it should leave the Organization of the Petroleum Exporting Countries (OPEC), of which it has been part for more than 60 years. “Well, I don’t know. That’s up to them. I mean, that’s going to be up … Read more

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How are Caracas and Washington Structuring a Massive Oil Output Deal?

(Reuters) – The large-scale oil production agreement that Venezuela and the U.S. disclosed last week requires a complicated three-layer structure to develop at least a portion of the 64 billion barrels of proved reserves contained in the 17 oilfields included in the deal. If completed as it is being negotiated so far, the pact will … Read more

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