EnergyNow News and Press Releases
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April 26, 2024
CALGARY — Imperial Oil Ltd. pushed its Kearl oilsands project to record production for its first quarter as it continues to ramp up output ahead of the opening of the Trans Mountain pipeline expansion. The company averaged production of 277,000 barrel… Read More ➝
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April 25, 2024
CALGARY — Precision Drilling Corp. reported a first-quarter profit of $36.5 million, down from $95.8 million a year ago, as its revenue also edged lower. The company says the profit amounted to $2.53 per diluted share for the quarter ended March 31, d… Read More ➝
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April 25, 2024
CALGARY — Precision Drilling Corp. reported a first-quarter profit of $36.5 million, down from $95.8 million a year ago, as its revenue also edged lower. The company says the profit amounted to $2.53 per diluted share for the quarter ended March 31, d… Read More ➝
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April 25, 2024
CALGARY — The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services, said Precision Drilling chief executive Kevin Neveu. The contract driller is seeing demand exceed its expectations, he said on an e… Read More ➝
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April 24, 2024
TORONTO — The $5-billion announced for an Indigenous loan guarantee program in last week’s budget is just a start, said Deputy Prime Minister Chrystia Freeland. “Nothing would make me happier than seeing that $5-billion oversubscribed and needing to p… Read More ➝
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April 22, 2024
EDMONTON — A survey from a clean energy think-tank says Alberta has done little to implement its plan to reduce its greenhouse gas emissions. The Pembina Institute has examined the measures included in the province’s plan released one year ago. It say… Read More ➝
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April 19, 2024
CALGARY — TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a rupture that occurred earlier this week. The Calgary-based pipeline company says it mad… Read More ➝
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Biden Administration Restricts Oil and Gas Leasing in 13 Million Acres of Alaska’s Petroleum Teserve
April 19, 2024
JUNEAU, Alaska (AP) — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arc… Read More ➝
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April 19, 2024
Drivers in Eastern Canada are going through sticker shock at the pumps, as prices jumped roughly 10-cents per litre overnight in regions such as Ontario, according to GasBuddy. Patrick De Haan, head of petroleum analysis at GasBuddy, says gasoline pr… Read More ➝
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April 19, 2024
CALGARY — A new report says if high interest rates persist, it will be harder and more costly for society to transition to a net-zero economy. The report by global consultancy Wood Mackenzie says high interest rates are putting disproportionate press… Read More ➝
COMMENTARY: Canadians Should Decide What to do With Their Money – Not Politicians and Bureaucrats