Trans Mountain Corp. says it has reached a settlement agreement on tolls customers pay to use the Trans Mountain Pipeline.
The Crown corporation said Tuesday it had filed a negotiated settlement with the Canada Energy Regulator that, if approved, …
By Kenneth P. Green The Challenges in Scaling Up Carbon Capture, Utilization, and Storage Technologies Carbon Capture, Utilization, and Storage (CCUS) refers to technologies that reduce emissions of greenhouse gases to the atmosphere by extracting carbon dioxide (CO2) from the emission and exhaust streams of fossil-fuel production and use, to be compressed, reused, transported, and … Read more
By Alex Whalen The Wakeham government recently announced a series of initiatives to advance offshore gas development. And that may be good news for Newfoundlanders and Labradorians. According to the government’s latest estimate, there’s 27.6 trillion cubic feet of natural gas available for development in the Jeanne d’Arc Basin, worth tens of billions of dollars. Average hourly wages … Read more
The Canada-BC and Canada-Alberta agreements opened the door to a new west coast oil pipeline, and its least-expected component may be the most telling: a terminal at Roberts Bank. By Karen Graham Of the myriad implications and opportunities signalled in the July 2nd Canada-BC Cooperative Prosperity Agreement and related agreement between Canada and Alberta to advance a new oil … Read more
(Reuters) – The United Arab Emirates has fired the opening shot in what is fast becoming a fierce battle among Middle East oil producers to reclaim market share after the Iran war, a contest that threatens to weaken oil prices and further erode OPEC’s authority. Gulf producers, desperate for revenue to replenish state coffers depleted … Read more
(Reuters) – Global oil output and trade flows should rebound fully by the end of this year from the disruptions caused by the Iran war, the U.S. Energy Information Administration said on Tuesday. Global benchmark Brent crude oil prices will average around $74 a barrel in the spot market during the third quarter of this … Read more
(Reuters) – The United States is revoking a general license that authorized the sale of Iranian oil, a U.S. official said on Tuesday, warning that Iran’s actions in the Strait of Hormuz were “wholly unacceptable” and would be met with consequences after attacks on tankers in the strategic waterway. Oil prices rose more than 3% … Read more
By Nicole Jao Saudi-flagged crude oil tanker damaged near Hormuz after LNG tanker hit, sources say Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say Ukrainian drones strike eight tankers from Russia’s ‘shadow fleet’ NEW YORK, July 7 (Reuters) – Oil prices settled 3% higher on Tuesday and then extended gains post-settlement, … Read more
The federal government says it will invest up to $400 million into Teck Resources Ltd.’s critical minerals processing operations in southern B.C. as Ottawa looks to shore up supplies of metals used in the defence and green energy sectors.
“We are fac…
Agreement establishes long-term commercial framework for tolls and service New Open Season offers additional capacity Calgary, Alberta–(Newsfile Corp. – July 7, 2026) – Trans Mountain Corporation (“Trans Mountain”) announced today that it has filed a negotiated Settlement with the Canada Energy Regulator (“CER”) covering tolling, tariff and service-related matters on the Trans Mountain Pipeline System … Read more
By Steven Scheer Israeli Foreign Minister Eli Cohen attends a conference at the European Parliament in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo JERUSALEM, July 7 (Reuters) – Gulf countries’ dependence on oil shipments through the Strait of Hormuz could be significantly reduced by a pipeline linking the Gulf to Europe via Israel, Israel’s … Read more
Even as the deal reached by Carney and Smith appeared like an improbable milestone, some insiders and observers worried it may not be enough By Nykole King Original: financialpost.com/commodities/energy/less-than-50-per-cent-chance-pipeline-deal-attracts-hope-but-also-skepticism-in-oilpatch A proposed $35-billion oil pipeline to the West Coast — backed by the federal and Alberta governments — signals the country is willing to produce and … Read more
‘We’ve got to think big, and we’ve got to be looking at being one of the top three energy producers and exporters in the world,’ said Danielle Smith By Chris Varcoe Original: calgaryherald.com/opinion/columnists/varcoe-more-alberta-oil-production-needed-fill-pipelines-aplenty From pipeline famine to potential feast — after years of sporadic progress on the oil transportation front, a different landscape now faces … Read more
The Iran war both hampered business confidence and sent inflation expectations soaring, the Bank of Canada revealed in a new set of business outlook surveys published Monday.
Those opposing forces on the economy also pushed the central bank to introdu…
Summary UAE output topped 3.8 million bpd weeks after OPEC exit, sources say Record production vindicates Abu Dhabi’s push for quota freedom UAE outpaced Gulf peers in restoring pre-Iran war oil supply (Reuters) – The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June … Read more
Oil gained following attacks on vessels in the Strait of Hormuz, highlighting continued risks to traffic in the waterway. Brent rose toward $73 a barrel, while West Texas Intermediate was above $69. A tanker traveling south reported being hit about 8 nautical miles east of Limah, Oman, causing a fire, UK Maritime Trade Operations said. The vessel … Read more
(Reuters) – Global liquefied natural gas trade hit a record last year as strong U.S. exports and rising European imports offset weaker Asian purchases, the International Gas Union said in a report on Wednesday. Conflict in the Middle East could lead to a contraction in 2026, however, it warned. “The conflict in the Gulf has damaged … Read more
Clearwater production rose from 30,000 barrels a day in 2017 to 230,000 barrels a day last year Bloomberg News As oil prices surged this spring, Alberta producers didn’t look to Canada’s long-cycle oilsands. Instead, they rushed to drill the Clearwater formation, a low-cost conventional oil play that lets producers bring on new supply far more quickly. For decades, Canada’s oil … Read more
Pipeline proposals long considered dead and buried are coming back from the grave — sort of.
Past plans to send oilsands crude east, west and south are being revived with different branding, proponents and routes. And, at least in the first two cases…
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures held steady on Monday. WCS for August delivery in Hardisty, Alberta, settled at $15.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, unchanged on Friday’s close. The discount is now trading at levels similar … Read more
Calgary, Alberta–(Newsfile Corp. – July 6, 2026) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (“Saturn” or the “Company“), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce that the Company has entered into a credit agreement amendment dated June 30, 2026 … Read more
LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on Alberta Premier Danielle Smith and Ontario Premier Doug Ford to scrap carbon taxes and push Ottawa to reverse anti-pipeline laws instead of borrowing billions of dollars for a proposed pipeline. “Governments are blocking pipelines with carbon taxes and red tape and then wasting taxpayers’ money trying to … Read more
CALGARY, Alberta, July 06, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2026 second quarter financial and operating results on Monday, July 27, 2026, after the close of North American markets. The 2026 second quarter management’s discussion and analysis and unaudited consolidated financial statements will … Read more
Canadian and U.S. markets moved in opposite directions on Monday, as basic materials weighed on Bay Street while tech stocks lifted Wall Street.
Ryan Bushell, CEO and portfolio manager at Newhaven Asset Management, said the divergence appears to be d…
(Reuters) – The funeral of late Iranian Supreme Leader Ayatollah Ali Khamenei was more than a national farewell. The sea of mourners in Tehran sent a message to the United States and Israel that their attempt to break the Islamic Republic had failed. Rather than looking weakened by the war that began with U.S. and … Read more
= (Reuters) – Iraq’s cabinet approved Basra Oil Company signing “a heads of agreement”, or preliminary agreement, and a non-disclosure agreement with a consortium including U.S. companies Capital TI and Chevron and Qatar’s UCC to study strategic oil export pipeline projects, according to a cabinet statement. The consortium will prepare technical and financial feasibility studies … Read more
Premier Danielle Smith issued the following statement following the announcement of a potential west-east oil pipeline. On this page: Quick Facts Related news Multimedia Premier Danielle Smith issued the following statement following the announcement of a potential west-east oil pipeline. “After signing an agreement last year to work together with Alberta and Saskatchewan to build … Read more
‘It tells a story about our western roots and traditions, but also tells the story of the Calgary that we are today,’ said Mayor Jeromy Farkas By Hiren Mansukhani Calgary Mayor Jeromy Farkas leads the crowd in a lively yahoo alongside Aleta Visbach (left) and Leslie Horton at the Legacy Stampede Breakfast at Heritage Park … Read more
CALGARY – Alberta Premier Danielle Smith and Ontario Premier Doug Ford have unveiled a route for a proposed west-east oil pipeline. The two premiers say it would stretch 3,300 kilometres from Hardisty, Alta., to refineries in Sarnia, Ont., without crossing the U.S. border. The Ontario government says the line would move 500,000 barrels of … Read more
BP has agreed to sell its stake in the Bay du Nord offshore oil project in Canada to partner Equinor as the British energy major sharpens its focus on higher-return opportunities.Under the agreement, Norway’s Equinor will become the sole owner of Bay du Nord, acquiring BP’s 37.2% stake, the companies said on Monday without disclosing … Read more
Summary Fears over gasoline and jet fuel supplies proved overblown Record storage releases, eased Chinese buying helped the market Thinned storage must be replenished, poses risk of more price spikes (Reuters) – The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term … Read more
The decision by OPEC+ to increase crude oil production quotas for a fifth straight month from August raises two questions. Can they actually ship the increased output and if they can, who will buy it? The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting … Read more
CALGARY, AB, July 6, 2026 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce increased 2026 production guidance, an expanded 2026 capital budget and an update on recent operational performance and land acquisitions. UPDATED GUIDANCE HIGHLIGHTS Increased 2026 average production guidance to 17,000 to 18,000 BOE/d, up 1,000 BOE/d from previous guidance of … Read more
Summary OPEC+ to raise production by 188,000 bpd from August Gulf exports rise but still below pre-war levels Oil prices fall to pre-war levels on glut fears Iraq presses OPEC+ for higher quota after UAE exit (Reuters) – OPEC+ has agreed a further increase in output targets from August, the group said in a statement … Read more
Summary OPEC+ agrees to raise oil output by 188,000 bpd from August ADNOC sells 16 million barrels in fifth tender at wider discounts, traders say ANZ expects global oil demand to contract by 1.5 mbpd in 2026 Ukraine’s military strikes oil refineries in Russia’s Yaroslavl, Leningrad regions July 6 (Reuters) – Oil prices fell on … Read more
Black and white lawn signs have been popping up around Olds, Alta., on charming tree-lined streets and sprawling acreages alike.
“A data centre and power plant want to move in next door,” they read. “Are you ready for what comes next?”
Dozens of the…
Alberta’s pitch to the major projects office for a new oil pipeline to the West Coast is being billed as a public-private partnership, though its current structure skews almost entirely toward the public end of the spectrum.
Ninety per cent of the pr…
Chris Varcoe: Announcements this week could unleash tens of billions of dollars in investment in the oilpatch This Article and More by Chris Varcoe Here ‘We’re an energy resource-rich country and that we have tremendous potential, at a time when these energy resources are really needed,’ says energy economist Peter Tertzakian Alberta Premier Danielle Smith … Read more
By closing the north, Ottawa and Victoria may have opened the only pipeline route that can actually get built By Stewart Muir Prime Minister Mark Carney speaks during an announcement with B.C. Premier David Eby in Vancouver, on Thursday, July 2, 2026. THE CANADIAN PRESS/Ethan Cairns Today British Columbia stands at the centre of two … Read more
Alberta’s Opposition NDP leader says Premier Danielle Smith’s plan for a new pipeline has his support, but he’s calling on her to be honest about how much taxpayers could be on the hook for it.
Naheed Nenshi also says public financing for the pipeline…
By Amanda Stephenson and Robert Harvey Benchmarks touched pre-war lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango signals fading shortage concerns CALGARY/LONDON, July 3 (Reuters) – Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace … Read more
The Calgary Stampede parade turned into a pseudo-referendum on Alberta Premier Danielle Smith on Friday, as she heard both cheers and jeers while riding shotgun on a wagon clip-clopping through the city’s sun-baked downtown.
“We love you, Danielle!” s…
On June 30, 2026, the Alberta Energy Regulator (the AER) issued an administrative penalty decision on Entrada Resources Inc. (Entrada) in the amount of $437,611.98 for three contraventions of the Environmental Protection and Enhancement Act (EPEA) and one contravention of the Pipeline Rules, AR 91/2005. On or about July 28, 2024, an AER investigation determined that Entrada released or permitted … Read more
(Reuters) – Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing through the Strait of Hormuz, data showed, though exports remained 40% below pre-war levels. The United Arab Emirates led the recovery, allowing millions of … Read more
By Alex Lawler LONDON, July 3 – The Iran war has created the largest oil supply shock ever in terms of daily production losses but the 1979 Iranian Revolution remains the biggest oil crisis by cumulative supply loss, according to Reuters calculations based on International Energy Agency, OPEC and U.S. Department of Energy data. The … Read more
Canada’s main stock index rose more than 300 points Friday, with basic materials stocks leading the gains, while U.S. stock markets were closed for the July Fourth holiday.
The S&P/TSX composite index was up 308.17 points at 35,274.84.
Gold prices hel…
Prime Minister Mark Carney and Premier Danielle Smith provided an update on Alberta’s proposed west coast oil pipeline. Watch the News Conference Here: Access the Submission Here https://open.alberta.ca/dataset/a529e3da-6368-43d7-af43-74b1773be517/resource/6e43e4b4-3dfe-4c28-b723-116b6cab19ea/download/west-coast-oil-pipeline-project-submission-to-mpo.pdf
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney and Alberta Premier Danielle Smith to scrap carbon taxes and repeal anti-pipeline laws instead of borrowing billions of dollars for a proposed pipeline. “Governments are blocking pipelines with carbon taxes and red tape and then wasting taxpayers’ money trying to get projects built,” … Read more
G7 leaders welcome prospect of more Canadian crude in world markets By Deborah Jaremko Tanker calling at the Westridge Marine Terminal in the Port of Vancouver. Photo courtesy Trans Mountain Corporation Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of … Read more
By Afiq Fitri Alias LONDON, July 3 (Reuters Breakingviews) – The United States is again trying to lure foreign capital into Iran. A key part of last month’s ceasefire signed between Washington and Tehran was a $300 billion “reconstruction fund” for the Islamic Republic. The details may differ from a similar push in the wake … Read more
3 Minute History Canada turns up the global drama. This week’s episode reveals how the 1967 Arab oil embargo during the Six-Day War collapsed under OECD coordination and Western production surges — while Canada stepped up to back the U.S. and scored U.S. approval for the Chicago Spur pipeline, tightening North American energy ties. Created … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA), today announced that it has entered into a non-binding Heads of Agreement (the “HOA”) with the Government of Canada, the Province of Alberta, Trans Mountain Corporation, and Alberta Petroleum and Marketing Commission, to participate in a proposed nation-building energy infrastructure initiative intended … Read more
Summary Gasoline prices remain elevated despite crude easing toward pre-conflict levels Refining margins are near 2022 highs, boosted by exports and tight supply White House scrutiny is rising as industry pushes back on pricing claims July 3 (Reuters) – U.S. oil companies are set to report their strongest quarterly profits in years, courting a … Read more
(Reuters) – Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed. Brent futures were up 17 cents, or 0.24%, to $71.97 a barrel at 0932 GMT. West Texas Intermediate was … Read more
The Alberta government says more than 106,000 residents applied for $100 relief cheques in just over 24 hours.
The direct deposits are meant to help Albertans deal with the high cost of living. But high traffic to the government’s website left some fr…
Seeing major companies prequalify for a shot at offshore wind projects in Nova Scotia is an early but important step forward By TJ Colello The executive director of Marine Renewables Canada says seeing major companies prequalify for a shot at offshore wind projects in Nova Scotia is an early but important step forward. “I would … Read more
Pembina Pipeline Corp. and two partners have given the go-ahead to the Greenlight Electricity Centre, a natural gas plant serving a data centre customer.
Pembina, Morgan Stanley Infrastructure Partners and Kineticor Asset Management expect the cost o…
Alberta’s government has submitted its application for the West Coast Oil Pipeline to the federal Major Projects Office for listing as a project of national interest. On this page: Private and Indigenous partnership Increasing oilsands production and building the pathways project Quick facts Related information Multimedia The West Coast Oil Pipeline will transport more than … Read more
CALGARY, AB, July 2, 2026 /CNW/ – Today, the world faces an energy crisis on three levels: our cost of living, our climate, and our sovereignty increasingly depend on a nation’s ability to supply and control its own energy. More than any other country, Canada is positioned to become the leading supplier of clean and conventional energy … Read more
“Let’s work together and build this pipeline.” – Alberta Premier Danielle Smith By EnergyNow Editorial Staff The Calgary Stampede bills itself as the Greatest Outdoor Show on Earth, but for a brief period on Thursday night in Calgary, Alberta Premier and Prime Minister Mark Carney put on the greatest (and most expensive) indoor show in … Read more
OSLO, July 2 (Reuters) – Norway’s unions representing workers on drilling rigs and floating production platforms reached a wage deal on Thursday evening, ahead of a midnight deadline to avert a strike, labour unions and the employers’ association said. The unions had threatened to call out more than 600 members employed on Transocean’s Encourage rig, … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for August delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.90 a barrel on Tuesday. Wednesday was a national holiday in … Read more
July 2, 2026 Vancouver, British Columbia The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent, and more sustainable economy. To that end, Canada’s new government is working with provinces, territories, and Indigenous partners to build major projects that diversify our exports, create thousands of … Read more
The plan for a new Alberta bitumen pipeline to the British Columbia coast came into focus Thursday as Prime Minster Mark Carney toggled between the two provinces to meet leaders and make announcements.
At a news conference in Vancouver, Carney and B.C…
(Reuters) – U.S. energy firms this week added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by 7 to 580 in the week to July 2, its highest … Read more
Canada’s main stock index gained ground amid recent trade developments, while AI stocks weighed on Wall Street.
On Wednesday, United States Trade Representative Jamieson Greer said the U.S. is not renewing the Canada-U.S.-Mexico Agreement “in its cur…
CALGARY, AB, July 2, 2026 /CNW/ – Whitecap Resources Inc. (“Whitecap”) is pleased to announce the appointment of Rebecca Schulz as Vice President, Regulatory and External Affairs. Ms. Schulz’s primary responsibilities will include being the principal liaison on regulatory affairs and providing strategic alignment between policy development and corporate strategy. Ms. Schulz is a public affairs and policy leader … Read more
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including annual run rate adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”). For more information see “Non-GAAP and … Read more
GATINEAU, QC, July 2, 2026 /CNW/ – The Competition Bureau has reached an agreement with BVD Petroleum Inc. to resolve concerns related to its proposed acquisition of certain fueling assets from Cenovus Energy Inc. and Husky Canadian Petroleum Marketing Partnership. BVD operates Petro-Canada and Petro-Pass branded fueling stations and Cenovus operates Esso branded stations. The Bureau concluded that the transaction … Read more
CALGARY, AB, July 2, 2026 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC”) announced today that independent proxy advisory firms, including Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have recommended that the holders of ARC common shares (“ARC Shareholders”) vote “FOR” the arrangement resolution at the upcoming special meeting (the “Meeting”) … Read more
The plan for a new Alberta bitumen pipeline to the British Columbia coast came into focus Thursday as Prime Minster Mark Carney toggled between the two provinces to meet leaders and make announcements. At a news conference in Vancouver, Carney and B.C. Premier David Eby unveiled a memorandum of understanding that Carney says will help … Read more
UBS, on Thursday, cut its Brent crude price forecast by $25 for the September quarter to about $80 a barrel, on average, and now expects prices to hold the quarter after, citing the rise in oil flows via the Strait of Hormuz after the recent U.S.-Iran agreement. The bank also lowered its 2027 average … Read more
The Office of the Prime Minister July 2, 2026 Vancouver, British Columbia The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent, and more sustainable economy. To that end, Canada’s new government is working with provinces, territories, and Indigenous partners to build major projects that … Read more
Summary US, Iran talks conclude in Doha, focused on Strait of Hormuz Nigeria joins International Energy Agency as an associate member Ukrainian military hits Russian oil refinery in Kstovo July 2 (Reuters) – Oil prices fell more than 1% for the third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran … Read more
July 02, 2026 7:00 AM EDT | Source: Obsidian Energy Ltd. Calgary, Alberta–(Newsfile Corp. – July 2, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) has closed our previously announced acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green (the “Acquisition“). … Read more
Heavy traffic on a website for Albertans to apply for $100 from the provincial government has clogged the site on the day it opened.
In an email Wednesday, Alberta’s technology and innovation department says it is aware of “performance issues” with th…
by Lennie Kaplan The Alberta government’s submission on the proposed West Coast Oil Pipeline (WCOP) application to the Major Projects Office (MPO) is now due. While I am fully supportive of new pipeline development, so long as it is based on a solid business case, I worry about the potential high level of taxpayer … Read more
Alberta Premier Danielle Smith is expected to give details today about her government’s proposed million-barrel-a-day oil pipeline project to the West Coast.
Smith inked an agreement with Prime Minister Mark Carney last fall.
Their memorandum of under…
By: Kenneth P. Green How quickly the red herrings die when reality intrudes. Back in May 2025, British Columbia Premier David Eby said “we do have a pipeline… that is not being used to capacity and that feels like a much better place to start the conversation.” That same month, Steven Guilbeault, then a member of … Read more
By Dennis McConaghy Originally Published June 30, 2026 in the Calgary Herald Alberta’s separation referendum will be profoundly impacted by the outcome of the negotiation between Danielle Smith and Mark Carney on climate policy constraints regarding Alberta oilsands development. Failure to reach a resolution that sets a competitive foundation for the development of the oilsands, … Read more
by Terry Winnitoy Alberta Premier Danielle Smith is expected to lay out the next stage of her government’s push for a new West Coast oil pipeline on Thursday, July 2, 2026, as the province moves to meet a key deadline under its energy agreement with Ottawa. CTV News reported on June 29 that Alberta is … Read more
Canada’s South Bow and U.S.-based Bridger Pipeline plan to jointly develop a new oil pipeline from Guernsey, Wyoming, to Cushing, Oklahoma, the companies told Reuters on Tuesday. The project will be developed along a corridor acquired from another company, South Bow and Bridger said in an email. The companies said their priority was to … Read more
Tehran says U.S. team to meet mediators in Doha, not with Iranian officials U.S. crude inventories fell by 6.1 million barrels last week, API data showed (Reuters) – Oil prices fell more than 1% on Wednesday as talks between Iran and the U.S. aimed at reaching a final agreement to end their war continued and … Read more
Albertans can start applying today for $100 from the provincial government to help deal with the high cost of living.
Premier Danielle Smith announced earlier this month that residents can get the cash instead of the province reducing its tax on gaso…
By Terry Winnitoy – EnergyNow Trump may be divisive. He may be disliked by many Canadians. His tariffs may have harmed Canadian industries and strained one of the world’s most important trading relationships. But he also did Canada one enormous favour, he made complacency impossible. Donald Trump may not have intended to do Canada any … Read more
Alberta Premier Danielle Smith’s office is shrugging off a United Conservative backbenchers’ public opposition to the government’s deal with Ottawa to get an oil pipeline built.
Smith has long pointed to the memorandum of understanding as proof the co…
It’s the Alberta government’s self-imposed deadline to submit its proposal for a new West Coast oil pipeline to the federal major projects office.
But since it’s Canada Day, the province is waiting a day to make what it calls a “major announcement,” …
The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline on Thursday, but experts say industry skepticism is well warranted.
Sam Blackett, press secretary to Premier Danielle Smith, said Tuesday that …
Carney made clear his government will not curb growth in the oil and gas sector to meet nearer-term emissions targets Bloomberg News Elected last year on a promise to turn Canada into a “superpower” in both conventional and clean energy, Carney has unwound major pieces of Trudeau’s climate framework. Photo by Blair Gable/Postmedia Prime Minister Mark … Read more
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, June 30, 2026 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce that we have closed our previously announced arm’s length divestiture of our Wilson Creek assets (the “Assets“) to Obsidian Energy Ltd. (“Obsidian Energy“) (TSX: OBE) (the “Transaction“). Total consideration received … Read more
(Reuters) – U.S. crude oil production rose to 13.93 million barrels per day in April, the highest on record, monthly data from the Energy Information Administration showed on Tuesday, as producers ramped up output in response to higher oil prices owing to the Iran war. Production rose by 216,000 bpd in April, EIA data showed, … Read more
(Reuters) – Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly. Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 trillion drop … Read more
Calgary, Alberta–(Newsfile Corp. – June 30, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to announce that the May Operational Update to Shareholders has been posted to the Company’s website and can be accessed via the following link: May Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT: Kevin … Read more
The Quebec government says it wants 77 per cent of the energy consumed in the province by 2050 to come from renewables, up from the current 48 per cent.
Energy Minister Bernard Drainville made the comments as he announced the province’s 25-year resou…
A brief summary of the most recent Energy Institute publication By William Lacey [image] Any of you who follow me know that I love this time of year. The Energy Institute publishes a global energy summary of energy consumption (and a bunch of other data) for broad consumption by the public. What I love about … Read more
The economy sprung back to life in April with solid enough growth to dismiss the spectres of a recession, according to economists weighing in on the latest data Tuesday.
Statistics Canada said real gross domestic product rose 0.5 per cent in April, th…
CALGARY, AB, June 30, 2026 /CNW/ – Stampede Drilling Inc. (“Stampede” or the “Corporation”) (TSXV: SDI) is pleased to announce that it has received upfront capital from its customer, Greenland Energy Company (NASDAQ: GLND) (“Greenland Energy”), in support of its drilling program in East Greenland’s Jameson Land Basin. The funding will be applied to capital upgrades to … Read more
CALGARY, AB, June 30, 2026 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce that it has closed the sale of its Fox Drilling subsidiary to AKITA Drilling Ltd. (“AKITA”). The Company is also pleased to announce that it has successfully started up the second phase expansion of its Alhambra Plant in Willesden … Read more
OTTAWA, ON, June 30, 2026 /CNW/ – Public Policy Forum (PPF) today released an independent policy report that argues Canada can strengthen its economic security, diversify export markets, support Indigenous economic participation, contribute to global emissions reductions and environmental protection, and become a more reliable global energy partner. The momentum seems to be there, but momentum alone … Read more
The logo of oil and gas company Shell at a gas station in Wijchen, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw Summary Global demand to hit nearly 700 million metric tons/year by 2050 Global LNG trade likely flat in 2026, growth to return in 2027 South, Southeast Asia to account for 40% of … Read more
Summary Brent set for third straight month of price falls, WTI set for second Brent prices trading close to February 27 level U.S. and Iran negotiators head to Doha, but meeting uncertain Morgan Stanley cuts Brent price forecast, flags 2027 surplus (Reuters) – Oil prices were heading on Tuesday for their biggest quarterly loss … Read more
By Levin Stamm US companies are set for another strong earnings season, driven by the AI investment boom and windfall profits for energy companies, according to Goldman Sachs Group Inc. strategists. Analysts expect S&P 500 earnings to surge 22% in the second quarter, a hurdle that companies should be able to clear, the team led … Read more
Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle. The steep slide in Brent crude back to pre-war levels of around $73 … Read more
By Florence Tan and Emily Chow Fourth VLCC loading at Ras Tanura on Monday, data shows Iran increases oil loadings at Kharg Island, says Windward Two VLCCs head to UAE port for loading Qatari and ADNOC LNG tankers head to India and China SINGAPORE, June 29 (Reuters) – Middle East producers are pushing ahead with … Read more
YELLOWKNIFE, NT, June 26, 2026 /CNW/ – As the world experiences an energy crisis with three dimensions — affordability, energy security and climate change — Canada faces a generational opportunity to unlock our natural resource abundance and provide for ourselves and our allies. The federal government is choosing to seize this pivotal moment to strengthen our position … Read more
First Nation propose three dams all within Homalco territory By Nelson Bennett BC Hydro CEO Charlotte Mitha speaking to GVBOT. | Matt Borck The One Group Agency | GVBOT One day after BC Hydro and Energy Minister Adrian Dix announced the province would dust off decades-old plans for large hydroelectric dam development, the Tŝilhqot’in First … Read more
(Reuters) – The removal of mines from the Strait of Hormuz is to be carried out solely by Iran according to the Islamabad MoU between Tehran and Washington, Iran’s Deputy Foreign Minister Kazem Gharibabadi said in a post on X on Monday, in response to French President Macron’s comments on the subject. Emmanuel Macron said … Read more
(Reuters) – An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq’s aggressive push for a higher OPEC production quota, potentially placing it on a collision course with the producer bloc. The pressure from Baghdad adds to the challenges confronting the Organization of the Petroleum … Read more
A federal investigation has found the puncture of a natural gas pipeline in northeastern B.C. last November was caused by inaccurate identification of the pipeline’s location.
The Transportation Safety Board says in its investigation report that the a…
by Ron Wallace “….. rather than reform the regulations and cut the red tape that discourage vital infrastructure projects, including pipelines, Carney chose to grant himself and his cabinet new powers to reject or bless projects based on their personal preferences.” The Carney government, after securing a narrow majority through political, rather than electoral, means … Read more
(Reuters) – Energy exploration has picked up sharply in Australia driven by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war underscoring the urgency to develop supply, after years of sluggish spending. Quarterly oil and gas exploration spending in Australia, the world’s No. 2 liquefied natural gas producer, hit … Read more
June 29, 2026 8:00 AM EDT | Source: Enterprise Group Inc. St. Albert, Alberta–(Newsfile Corp. – June 29, 2026) – Enterprise Group, Inc. (TSX: E) (“Enterprise” or the “Company“) announces the voting results of its annual and special meeting of shareholders held on June 25, 2026. The detailed results of the vote are set out below. … Read more
June 29, 2026 7:00 AM EDT | Source: Prospera Energy Inc. Calgary, Alberta–(Newsfile Corp. – June 29, 2026) – Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“)Prospera Energy is pleased to announce a non-brokered private placement of units of the Company at $0.04 per unit for aggregate gross proceeds … Read more
Summary US and Iran also agree to resume talks over Strait of Hormuz Middle East producers press ahead with loadings Brent crude fell 10.6% last week (Reuters) – Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with … Read more
Boilers are essential to many operations across Canada’s energy sector, from oil and gas processing facilities to refineries, power generation, utilities, and industrial plants. When a boiler is operating properly, it is often treated as part of the background of the facility. But when water level indication is inaccurate, difficult to read, or improperly maintained, … Read more
By Julio Mejía and Elmira Aliakbari The Carney government recently approved its first major pipeline project—Enbridge’s Sunrise expansion of the Westcoast natural gas pipeline. While Energy Minister Tim Hodgson said this proves that Ottawa is “getting projects approved and built,” one approval doesn’t change the broader picture. Canada is still moving too slowly to unleash … Read more
Five things to watch for in the Canadian business world in the coming week:
Holiday trading
It’s an abbreviated trading week for stock markets this week. The Toronto Stock Exchange will be closed for trading on Wednesday for the Canada Day holiday, wh…
Robert Delamar says the proposed 12-million-tonne facility near Prince Rupert is a test of whether Canada can turn its energy wealth into real projects. By Ian Biana Robert Delamar, Chief Executive Officer & Co-Founder, Kanata Clean Power & Climate Technologies Corp. | Kanata Clean To the public, Kanata LNG arrived as big news, seemingly out … Read more
VANCOUVER – British Columbia Premier David Eby says his first-ever trade trip to China will focus on pitching the province’s forestry products and energy sector around LNG development, and that he approaches the mission with both excitement and caution. Eby spoke to reporters Saturday at Vancouver International Airport before jetting off for the trip, … Read more
(Reuters) – A helicopter belonging to Saudi oil giant Aramco crashed on Sunday in Ras Tanura on Saudi Arabia’s eastern coast on the Gulf, west of the Strait of Hormuz, killing 14 nationals, the state news agency reported, adding that the cause was unknown. Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal … Read more
The agency that oversees Newfoundland and Labrador’s offshore energy sector says a recent oil spill and gas leak aboard the Hibernia oil platform could have caused a deadly explosion and fire.
The Canada-Newfoundland and Labrador Offshore Energy Regul…
Province’s agreement with Ottawa set Canada Day as target for pipeline submission Andrew Jeffrey The Alberta government said on Friday it still intends to meet Wednesday’s deadline to submit a pipeline proposal to Ottawa’s major projects office. (CBC News) Questions still hang over the Alberta government’s pipeline proposal to Ottawa’s major projects office, just days … Read more
‘The interest in Canada has picked up a lot,’ said Brian Schmidt, CEO of Calgary-based Tamarack Valley Energy By Thhis Article and More From Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-decade-high-canadian-petroleum-producers-valued-billion-consolidation-wave It’s taken a decade for Canada’s oil and gas sector to return to this point, but 32 petroleum producers in the country recently hit a … Read more
By Julio Mejía and Tegan Hill The United States and Iran have signed an interim ceasefire agreement that could soon help restore regular oil and gas flows through the Strait of Hormuz, a vital global energy corridor. But even if the disruption in the strait is resolved, the world urgently needs stable and reliable energy suppliers. Canada is … Read more
By Robert Tuttle and Iain Boekhoff Alberta’s push for a new oil pipeline to carry 1 million barrels a day to the west coast is colliding with a hard question for Canada’s energy companies: Can they produce enough oil to fill it? Alberta Premier Danielle Smith has championed the project, which would be one of … Read more
Aramco resumes Ras Tanura oil loadings after four-month halt Strait of Hormuz loadings at highest level since war began Overall traffic is still a small fraction of pre-war daily average HOUSTON, June 26 (Reuters) – Crude prices fell by more than 3% on Friday, on course for steep weekly losses, as oil tankers kept exiting … Read more
Calgary, Alberta–(Newsfile Corp. – June 26, 2026) – Trans Mountain Corporation (“Trans Mountain” or “the Company”) today released its 2025 Sustainability Report. The report details sustainability progress on key environmental, social and governance priorities and highlights key achievements from the past year. “2025 was an extraordinary year for Trans Mountain – one that underscored our … Read more
(Reuters) – U.S. energy firms had the biggest weekly increase in rigs since June 2022, energy services firm Baker Hughes said in its report on Friday. The total oil and gas rig count, an early indicator of future output, rose by 10 in the week to June 26, the largest weekly jump in four years. … Read more
(Reuters) – UAE Foreign Minister Sheikh Abdullah bin Zayed on Friday stressed the need to protect maritime corridors and ensure freedom of navigation through the Strait of Hormuz in a call with his Iranian counterpart Abbas Araqchi. The exchange, reported by state news agency WAM, marks a rare public contact between Abu Dhabi and Tehran … Read more
(Reuters) – Barclays on Friday cut its Brent crude price forecasts to $96 per barrel for 2026 and $85 per barrel for 2027, down from $100 and $88 respectively, after an increase in oil flows through the Strait of Hormuz. Crude prices were on course for weekly losses, as more oil tankers exited the strait, … Read more
(Reuters) – Iran reasserted its right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the U.S., a day after an attack on a ship near Oman highlighted the fragility of a preliminary deal to end the Iran war. Tehran was responding to what it called an … Read more
Ukraine has stepped up attacks on Russian energy facilities in recent months, targeting the country’s infrastructurein a war now well into its fifth year. The drone attacks are worsening fuel shortages in Russia, where people have reported rising prices and long queues at the filling stations across most regions. Following is a summary of the … Read more
CALGARY, Alberta, June 25, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions … Read more
Summary Aramco resumes Ras Tanura oil loadings after four-month halt Strait of Hormuz loadings at highest level since war began Overall traffic remains a fraction of previous daily average (Reuters) – Crude prices plunged by more than 3% on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the … Read more
By Kenneth P. Green Back in November 2025, the federal government and the Alberta government struck a Memorandum of Understanding (MOU) to help resolve the multi-faceted—and increasingly fractious—impasse between the two governments over Alberta’s ability to expand oil production and reach export markets via shipping from Canada’s Pacific coast. The two governments were starkly opposed. On one … Read more
By Yogi Schulz Recent years have seen a rapid succession of global energy crises, driven by military conflict, extreme weather, regulatory gridlock and supply chain disruptions. It appears that these various shocks are becoming more frequent. Shocks lead to price spikes and tend to increase the cost of producing, refining and distributing crude oil, condensate, … Read more
“These premiers could be the first in 65 years to not just understand this idea but actually take action on it” By TJ Colello Original: financialpost.com/cape-breton/atlantic-provinces-urged-to-pursue-regional-electricity-grid-report/wcm/419f4a33-9cd7-463b-8314-d844483795fb An environmental organization in Nova Scotia is calling on provincial governments in Atlantic Canada to pursue a regional electricity grid to help improve reliability and lower costs. The Ecology … Read more
S&P Global’s latest analysis shows Canadian oil sands emissions intensity is down nearly a third since 2009. Here’s the difference between intensity and absolute emissions and why both numbers point to progress. By Angela Wrigley The headline from S&P Global Energy’s latest annual analysis, released today, is a story of progress that’s now 17 years deep: … Read more
By Steven Globerman and Jock Finlayson In his recent speech at the Economic Club of New York, Prime Minister Carney called for a new partnership between Canada and the United States, one that recognizes the deep economic integration between the two countries, notably in manufacturing supply chains and energy. Yet he also reiterated his position … Read more
The Vancouver Fraser Port Authority says it has received all federal permits to allow for the dredging of Vancouver’s Burrard Inlet, making room for larger oil tankers loading up from the Trans Mountain pipeline.
The agency says the dredging along no…
By Jack Mintz Impact of Carbon Policies on Competitiveness in Oil, Natural Gas, and Electric Power: An Alberta–US Comparison This study, based on a newly developed methodology to assess the impact of corporate, royalty, and energy taxes on production, estimates the impact of taxes and carbon policies on marginal cost of production in Alberta, Texas, … Read more
(Reuters) – Railway exports of liquefied petroleum gases from the Canadian production hub of Edmonton, Alberta, to refining and trading centers in the United States are unusually high this summer due to strong demand from motor fuel blenders, according to storage broker The Tank Tiger. The out-of-season surge in LPG flows highlights the knock-on effects … Read more
How the newly unveiled national nuclear strategy aims to secure domestic power grids and expand global energy exports By Karen Graham By Resource Works More News and Views From Resource Works Here Does Canada need a nuclear energy strategy? Yes (domestically), and yes (internationally). For decades, Canada’s nuclear energy sector has operated in a netherworld, … Read more
(Reuters) – Vessels passing outside routes set by the Persian Gulf Strait Authority, a body set up by Iran to manage the Strait of Hormuz, will not be guaranteed safe passage, the authority said in a post on X on Thursday. “Consequences arising from passage through unauthorised routes shall be the responsibility of the owner, … Read more
By Scott Disavino Two U.S. officials told Reuters Iran fired on the cargo ship near the Strait of Hormuz The UN maritime agency paused its Hormuz ship evacuation effort after the suspected attack Rystad says Gulf storage is 50%-60% full, risking output curbs if traffic lags NEW YORK, June 25 (Reuters) – Oil prices rose … Read more
Commodity prices helped lift Canada’s main stock index on Thursday as U.S. markets posted mixed results.
The S&P/TSX composite index was up 114.12 points at 34,850.21.
“For Canada (and) the TSX, the rise in commodity prices and precious metals spec…
(Reuters) – A cargo ship reported a suspected attack as it attempted to pass through the Strait of Hormuz close to the coast of Oman on Thursday, British navy agency UKMTO said. The UN’s International Maritime Organization is currently assisting ships escape the Gulf, hundreds of which have been stranded there since the Iran war … Read more
Some Canadian airlines are scaling back fuel surcharges as fuel prices fall, while others are holding steady for now.
WestJet Airlines says it has reduced its levy on companion vouchers to $40 from $60 per round trip or one-way fare.
Porter Airline…
(Reuters) – Peace in the Gulf may ease pump prices, but not the Federal Reserve’s bigger problem: a U.S. economy that may already have been overheating before the Iran war. If oil retreats to pre-war levels, it could even spur demand at a critical juncture and worsen cost-of-living fears. That sounds like a “damned if … Read more
(Reuters) – Iraq’s oil ministry said on Thursday that reports suggesting Baghdad was considering ending its membership in OPEC did not reflect the Iraqi government’s official position. The ministry added that Iraq continued to stress the importance of reviewing oil production quotas to ensure they are aligned with member states’ sustainable production capacities. Reporting by … Read more
By Jonathan Saul and Florence Tan Shipments through Hormuz rise after ceasefire deal Concerns about how long waterway will stay open also boost trade Difficult to estimate exact volume of trade Overall sailings still a fraction of pre-war daily average UN agency launched scheme this week to evacuate vessels trapped in Gulf LONDON/SINGAPORE, June 25 … Read more
By Colleen Howe BEIJING, June 25 (Reuters) – China is aiming for half of its electricity to come from non-fossil sources by 2030, up from a 42.3% target for 2025, according to a five-year plan for the energy sector released on Thursday. Here are other key points from the plan: China is aiming for wind … Read more
(Reuters) – UBS on Thursday cut its Brent crude forecasts to $85 a barrel for end-September and end-December, from $105 and $95 respectively, and said a recovery in oil production from the Iran war was likely to be slower than the market expects. An interim deal last week to end the U.S.-Israeli war on Iran, … Read more
(Reuters) – Some 57 ships carrying an estimated 1,100 seafarers have transited the Strait of Hormuz since June 23 under a United Nations evacuation plan launched this week, data from the U.N.’s shipping agency showed on Thursday. These are the first numbers to be released by the U.N.’s International Maritime Organization for the initiative, which … Read more
Summary Brent, WTI hit lowest since February 27 Goldman Sachs says no significant pick-up in Iranian production expected Iraq to consider all options if OPEC quota not raised, sources say Iraq also weighed OPEC exit, sources say (Reuters) – Oil prices fell on Thursday to levels last seen before the start of the Iran war … Read more
A new analysis from S&P Global Energy says the greenhouse gas intensity of the oilsands has declined for the 13th straight year, with a two per cent drop in 2025.
The research firm says the average emissions per barrel of marketable product has falle…
Ottawa has begun taking public comments on a proposed liquefied petroleum gas facility on British Columbia’s north coast.
The Impact Assessment Agency says in a statement that comments on the proposal by Trigon Pacific Terminals at the Port of Prince …
Canada is at a pivotal moment, and as demand for reliable and clean energy skyrockets, the Government of Canada is focused on how we can best protect affordability for Canadians, build our economic strength, secure energy sovereignty and transition to net zero by 2050. Canada starts from a position of strength: we have an … Read more
Atlantic Canada is facing growing electricity demand from electrification, economic development, housing growth, and emerging industries. At the same time, each province operates its own electricity system, plans independently, and faces similar affordability, reliability, and infrastructure challenges. Leaders across the region are asking whether there is a better way to plan for the future together. … Read more
Commentary by Michelle Robichaud, President of the Atlantica Centre for Energy. A few weeks ago, I was trying to explain to one of my daughters why I spend so much time talking about energy and electricity. She looked at me and said, “Mom, the lights come on when I flip the switch. What else do … Read more
YELLOWKNIFE, NT, June 24, 2026 /CNW/ – The world is changing rapidly. In response, a confident Canada is choosing to build. Canada’s government is building major projects – new ports, mines, highways, and energy infrastructure – that will transform our economy and unlock billions of dollars in new investment for Canadian workers and businesses. Key to those … Read more
Summary of the Energy NL Conference and Exhibition 2026, provided by Energy NL. Energy Opportunity Takes Centre Stage Our flagship energy event has concluded and what an exciting week it was for attendees of the Energy NL Conference & Exhibition 2026. The theme of this year’s conference was Energy Opportunity: From the Atlantic to the World, … Read more
(Reuters) – Physical crude oil cargoes are selling at discounts across the globe, changing trade flows as markets come under pressure from fast-rising Middle Eastern supply with Iran set to boost sales following a temporary reprieve from U.S. sanctions. The steep drop in prices follows the 60-day interim deal between the U.S. and Iran to … Read more
(Reuters) – J.P. Morgan on Wednesday lowered its second-half 2026 Brent crude oil price forecast due to lower-than-expected OECD commercial inventory draws and lower demand for oil. The bank sees Brent averaging $86 per barrel in the third quarter, $80 in the last quarter, and expects to exit 2026 at $78, according to a research … Read more
Energy literacy and balanced education will help prepare the next generation of Canadians to make informed decisions about climate, energy security, economic growth and technological innovation. By EnergyNow Editorial Staff Canada is entering a defining moment in its energy history. Around the world, demand for energy is rising, competition for secure supply is increasing, and … Read more
By Tegan Hill and Nathaniel Li Illustrating Albertans’ Contribution to the Rest of Canada Due to relatively high employment rates, higher average incomes, and younger population, Albertans make an outsized contribution to federal finances compared to other provinces, contributing significantly more to federal revenues and national programs than they receive in transfers and federal spending. … Read more
The Nuclear Regulatory Commission has made changes to lower the burden for applicants and speed up approvals By Mathieu Dion The surge in new data centres for artificial intelligence is translating into growth for the United States electricity sector, and Canadian nuclear company AtkinsRealis Group Inc. wants in. The Montreal-based company has filed a notice … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Waterous Energy Fund Management Corp. (the “WEF Manager“), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP and Waterous Energy Fund (International) LP (collectively, the “Fund I Limited Partnerships“, and together with Waterous Energy Fund II Aggregator LP … Read more
CALGARY, AB, June 24, 2026 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) announces a transition within its Utilities leadership team, reflecting the depth of its internal talent and continued progress in executing its long-term Utilities strategy. Donald “Blue” Jenkins will be stepping down from his roles as Executive Vice President of AltaGas, and President of Washington Gas … Read more
(Reuters) – Japan’s JERA expects liquefied natural gas prices to remain relatively firm in the near term, as restoring Qatar’s LNG facilities damaged during the Iran war will take time and Europe needs to replenish stocks ahead of winter, its chairman said. “Looking over the next year or so, prices may well hold up fairly … Read more
(Reuters) – The latest bout of political turmoil in Britain comes as energy security has moved front and centre following the Iran war, offering the next prime minister a chance to rethink the country’s North Sea oil and gas strategy. Andy Burnham, who is poised to succeed Prime Minister Keir Starmer following his resignation earlier … Read more
(Reuters) – Around 1,150 cargo-carrying ships with an estimated vessel and freight value of $125 billion and as many as 20,000 seafarers are waiting to resume operations in the Gulf after the Iran war shut the Strait of Hormuz, Allianz Research said on Wednesday. “Even if the US and Iran agreement holds and the Strait … Read more
(Reuters) – Three stranded tankers carrying 5 million barrels of crude oil were exiting the Strait of Hormuz on Wednesday, with two heading to Asia, shipping data showed, as the interim deal between Iran and the U.S. unlocks more supply stuck in the Gulf, bringing down global prices. South Korean-flagged VL Breeze, a Very … Read more
Uniquely situated on the border between the provinces of Alberta and Saskatchewan, the Lloydminster Heavy Oil Show is surrounded by thousands of heavy oil wells of both cold and thermal production. This leading edge technology exhibition is a great opportunity for visitors to discover and network with the substantial knowledge base that exhibitors bring to … Read more
The Darlington New Nuclear Project is one of 17 initiatives referred to the country’s Major Projects Office for review By Jessica Kim and Erik Hertzberg Canada will make a $715 million loan guarantee to a group of seven First Nations so they can buy a stake in a large nuclear project east of Toronto, according … Read more
Drone view of oil tanker HELGA berthed at one of Iraq’s southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. REUTERS/Mohammed Aty/File Photo Summary Prices pressured by US-Iran talks, sanctions relief More vessels transit … Read more
When multiple crews are working on the same site, communication gaps can quickly turn into operational and safety risks. Drilling crews, operators, contractors, and construction teams all need visibility into what’s happening around them. Muddy Boots SIMOPS was built to simplify communication and coordination between all parties involved in simultaneous operations. Built for Real-World Operations … Read more
Province advances application to build and operate 1,864-megawatt power-generation facility with possible links to Meta By This Article and More From Chris Varcoe Here Original: financialpost.com/opinion/columnists/varcoe-data-centre-progress-alberta-set-speed-up/wcm/462e1b59-dc60-4408-aa46-798689479e41 Alberta Technology Minister Nate Glubish made a bold prediction two weeks ago at the Global Energy Show that’s worth remembering. He told the audience that Alberta could see massive … Read more
By Kate Abnett BRUSSELS, June 23 (Reuters) – The owner of the Gazprom-controlled Nord Stream 2 gas pipeline is suing the European Union in the bloc’s second-highest court, seeking to annul the EU’s binding phase-out of gas imports from Russia, a public document showed. The EU approved a law this year to halt all Russian … Read more
Growing herd and small farm open community’s new chapter By Grady Semmens In February 2026, Willow Lake Métis Nation released 20 wood bison from Elk Island National Park into an enclosure on land it acquired in 2022. Photo courtesy Willow Lake Métis Nation It’s a cool spring morning in northern Alberta, as Matthew Michetti watches … Read more
3 Minute History Canada continues its must-watch energy history series. This week’s episode explains the 1961 National Oil Policy — the clever (and controversial) compromise that revived the Borden Line: Alberta crude for the West, cheaper imports for the East. It boosted growth but left Canada vulnerable when the 1973 crisis hit. Created by historian … Read more
Energy literacy and balanced education will help prepare the next generation of Canadians to make informed decisions about climate, energy security, economic growth and technological innovation. By EnergyNow Editorial Staff Canada is entering a defining moment in its energy history. Around the world, demand for energy is rising, competition for secure supply is increasing, and … Read more
As Canada’s Energy Expansion Cycle Accelerates, Demand for Oilfield and Industrial Service Companies is Surging Western Canada’s energy industry is entering a new phase of growth, and the companies attracting some of the strongest investor and buyer interest are no longer just producers. Increasingly, it is the energy service sector—oilfield service providers, environmental services firms, … Read more
Experience the Calgary Petroleum Club this summer with a complimentary 60-day trial membership. Discover business dining, member events,networking, and a community built for connection. TEST DRIVE THE CPC THIS SUMMER The Management and Board of Governors of the Calgary Petroleum Club invite you to take advantage of our Two-Month Guest Trial Membership. This opportunity enables … Read more
(Reuters) – An evacuation plan to enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through the Strait of Hormuz is underway after Iran and the U.S. reached a ceasefire deal, the United Nations’ shipping agency said on Tuesday. “We have now started contacting the ships to start the evacuation,” … Read more
(Reuters) – Oil tanker operators are reaping record profits after nearly doubling the hire cost of vessels going through the Strait of Hormuz and wider Gulf region this week on rising demand as traffic through the waterway slowly picks up, according to shipping data and sources. Traffic through the vital strait has been modest since … Read more
(Reuters) – The U.S. has started waiving some sanctions on Iran under their interim deal to end the war, but fully unravelling a tangled web of restrictions on the country’s activities and trade under any more comprehensive agreement will be much harder. This is why any effort to lift sanctions on Iran could take years … Read more
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / June 23, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) is pleased to announce that it has entered into an asset purchase and sale agreement dated June 22, 2026 (the “Agreement“) with an arms length third party … Read more
(Reuters) – Oman and Iran will form a team to reach an agreement on “administration of navigation in the Strait of Hormuz” and associated costs and services, the two countries said in a joint statement on Tuesday. The two states will hold talks with coastal countries and other concerned parties, the statement said. Reporting by … Read more
Saskatchewan uranium miner Cameco Corp. is cheering the U.S. Department of Energy’s announcement of a conditional US$17.5-billion loan package to speed up new reactor builds.
The department’s Office of Energy Dominance Financing says the loans are fo…
By Emily Chow, Florence Tan and Nerijus Adomaitis Three stranded VLCCs exited strait on Tuesday, data show Seven Qatar-linked ballast LNG tankers enter Hormuz, data show No widespread movement of empty LNG vessels toward Gulf still SINGAPORE/OSLO, June 23 (Reuters) – Three stranded supertankers passed through the Strait of Hormuz on Tuesday, while seven empty … Read more
One of Canada’s largest gas station operators managed to grow its profit and revenue even as the Middle East war choked the global flow of fuel.
Alimentation Couche-Tard Inc. reported a fourth-quarter profit attributable to shareholders of $863.4 mill…
Turning equity participation into durable, bankable Indigenous ownership in energy and infrastructure projects. As Indigenous ownership in Canada’s energy sector expands across pipelines, LNG, utilities, and long-life infrastructure—supported by federal loan guarantees and increasing deal flow—the focus is shifting from participation to structuring ownership models that deliver reliable energy and long-term value. This practical, execution-focused … Read more
by Terry Winnitoy For years, critics of Canada’s oil and natural gas industry have argued that major energy projects cannot be developed without unacceptable environmental consequences. Yet the evidence from some of Canada’s largest and most scrutinized energy projects tells a different story. From the Coastal GasLink pipeline crossing some of the most environmentally … Read more
By Andrew Rankin This Article and More by Andrew Rankin Here Rising energy demand has pushed some to urge the province of Newfoundland and Labrador to reject the current MOU and pursue a different approach. Photo by Cameron Kilfoy/Postmedia Newfoundland and Labrador has for decades lacked the capital, transmission access and bargaining power needed to fully … Read more
‘We will ensure Candu is a viable technology for the different provinces to choose from going forward’ said Tim Hodgson By Stephanie Hughes and Mathieu Dion The policy document includes a commitment to modernizing the design of Candu reactor technology, which the Canadian government owns and to which AtkinsRealis is the exclusive licensee. Photo by … Read more
For decades, Canada’s oil and natural gas industry has been one of the country’s most important economic engines. While energy development is often viewed through a regional lens, the reality is that the benefits extend far beyond Alberta, Saskatchewan, British Columbia, and Newfoundland and Labrador. From manufacturing plants in Ontario and engineering firms in Quebec … Read more
If you’re a public sector worker planning for retirement, say thanks to Canadian LNG By Stewart Muir Shell is exploring the sale of its 40% operating stake in LNG Canada, attracting competitive interest from Apollo, Blackstone, and KKR. Canadian pension funds are natural buyers for an asset that generates contracted revenue over decades. This analysis examines … Read more
Chris Prokop knows propane still makes many Canadians think of barbecue tanks and camping stoves. He hears it at home, too. His children joke that their father, an AltaGas executive, sells the small bottles that power Coleman stoves. But for Prokop, that familiar image hides a much larger story. “Propane, like anything, is energy. And … Read more
Summary US waives Iran sanctions, Trump says he will ‘do what I have to’ if Tehran misbehaves Tanker traffic through Hormuz picks up after slower flows due to crossing concerns (Reuters) – Oil prices were little changed on Tuesday as investors watched crude flows through the Strait of Hormuz following progress in U.S.-Iran peace talks. … Read more
(Reuters) – The government of Alberta, Canada’s main oil-producing province, is in talks to export more crude oil to Japan and reduce that country’s reliance on the Middle East, the province’s Energy Minister Brian Jean said in an interview on Monday. Alberta has offered to help fund the construction of a coker unit that … Read more
(Reuters) – Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike. While the near-total closure of the Strait of Hormuz cut off a … Read more
(Reuters) – The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return for commitments on nuclear inspections and free transit through the Strait of Hormuz. The general license, announced by the Treasury Department, allows the sale of crude oil and petrochemical … Read more
/Not for distribution to U.S. newswire services or for dissemination in the United States./ CALGARY, AB, June 22, 2026 /CNW/ – Keyera Corp. (“Keyera” or the “Company”) (TSX: KEY) today announced that it has completed its previously announced offering (the “Note Offering”) of $1.0 billion aggregate principal amount of senior unsecured notes (the “Notes”) and bought deal public offering … Read more
Canada’s main stock index rose on Monday, as U.S. markets posted mixed results and oil prices fell.
Michael Currie, senior investment adviser at TD Wealth, said the U.S.-Iran negotiations continued to be a focus for the market, which is a big driver …
(Reuters) – Asia’s imports of crude oil are on track to return to pre-Iran conflict levels, but flows of refined products are still constrained and fuel prices reflect the supply stresses. The world’s top energy-consuming region is expected to import about 22.18 million barrels per day (bpd) of crude in June, up from 20.35 million … Read more
(Reuters) – Talks between Iran and the U.S. have concluded successfully in Switzerland, Pakistani Prime Minister Shehbaz Sharif said on Monday. “The discussions were held in a positive and constructive atmosphere and yielded encouraging progress, including agreement on a roadmap toward a final deal within 60 days, the establishment of a high-level committee to provide … Read more
Summary US, Iran conclude high-level talks in Switzerland, mediators say Iran has secured waivers for oil, petchem exports, foreign minister says Brent rose earlier after bumpy start to talks (Reuters) – Global oil prices fell on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, … Read more
The number of ships that passed through the Strait of Hormuz fell sharply on Sunday after Iran announced it had again closed the waterway, citing Israeli and U.S. violations of the interim peace deal, shipping data showed. Five vessels passed the strait on Sunday, from 26 ships spotted a day earlier, data from analytics … Read more
Leaked documents show Suncor wants some contractors’ employees at Syncrude and base plant sites to be located permanently in Fort McMurray By Gary Kean • The Telegram Suncor Energy Inc.’s plan to enhance local workforce participation in Alberta is not expected to significantly impact employees — like the thousands in Newfoundland and Labrador — who do turnaround work for the company in … Read more
Methane is getting a lot of attention across Canada’s oil and gas sector, and for good reason. Leak detection, emissions reduction, venting, flaring and repair programs are all part of the larger conversation around how Canadian operators manage risk, meet regulatory expectations and improve environmental performance. Canada has also introduced regulations targeting methane emissions from … Read more
by Lennie Kaplan Showing demonstrated oil sands supply to support expanded pipeline egress will be critical to the credibility of the Alberta government’s upcoming submission to the Major Projects Office (MPO) on the proposed West Coast Oil Pipeline (WCOP). This includes a realistic identification of oil sands producers who have commercially viable projects, including … Read more
By EnergyNow Editorial Team For decades, Canada’s place at the G7 table has symbolized its status as one of the world’s leading industrialized democracies. Yet a growing number of economists and policy analysts are asking a difficult question: if the G7 were created today, would Canada still receive an invitation? That question was recently raised … Read more
Energy multiplex would produce LNG, hydrogen and electricity By Nelson Bennett South Korean conglomerate Hanwha is prepared to throw billions of dollars around Canada, it seems, in order to secure an $80 billion-plus submarine building contract with the Canadian government. One of its proposed investments in Canada is Kanata Clean’s $22 billion floating LNG terminal in … Read more
Summary U.S.-Iran talks delayed after digital memorandum reduced urgency, Iran’s Foreign Ministry said At least four tankers entered Hormuz on Friday, MarineTraffic data showed Analysts expect deal to release more than 85 million barrels into global markets CALGARY, Alberta, June 19 (Reuters) – Brent crude ticked higher on Friday, but stayed set for a weekly … Read more
The Associated Press Iran has closed the Strait of Hormuz after Israel’s continued attacks in Lebanon. DUBAI, United Arab Emirates — Iran dealt two quick blows to the interim agreement with the United States on Saturday, angered by Israel’s continued attacks in Lebanon, saying it had closed the Strait of Hormuz again and announcing … Read more
Oil shipments through the Strait of Hormuz picked up on Friday after the United States and Iran signed a ceasefire deal, with Gulf producers preparing to raise exports despite concerns over conditions set by Tehran for using the vital waterway. Washington and Tehran released the text of an interim agreement signed on Wednesday to … Read more
High oil and gasoline prices are expected to push inflation higher when Statistics Canada reports its consumer price index for May on Monday.
But the devil will be in the details as economists look for any signs that the cost at the gas pump is causin…
Calgary, Alberta–(Newsfile Corp. – June 19, 2026) – Burgess Creek Exploration Inc. (“Burgess Creek” or the “Company“) is pleased to announce that Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (“Saturn“) has formally commenced an offer to acquire all of the issued and outstanding common shares in the capital of Burgess Creek (the “Common Shares“), including securities convertible … Read more
Iran’s Strait of Hormuz body said on Friday it would waive planned fees to use the strait during a 60-day negotiation period under the memorandum of understanding signed with the United States this week. Ships seeking passage through the strait while the interim agreement is in force must submit transit requests at least 48 … Read more
U.S. energy firms this week added rigs for the eighth time in nine weeks, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by one to 563 in the week to June 18, its highest since … Read more
By: Tegan Hill and Nathaniel Li Albertans will face a referendum this fall asking them if they want to begin the process to formally separate from Canada. The Smith government recently warned that separation could come with big costs for Albertans—but what about the rest of Canada? Let’s start with how we got here. Albertans have a … Read more
The time is now for prime minister to table real regulatory reform and make good on his promise to build. This Article and More From Dan McTeague Here Prime Minister Mark Carney campaigned on a promise to build things faster than anything Canada has seen in generations. His major projects office was supposed to be the … Read more
A senior portfolio manager at Ninepoint Partners is expecting an US$80 floor price for oil even after the eventual reopening of the Strait of Hormuz.
Eric Nuttall says in his firm’s mid-year outlook report that global inventories will have to be rest…
A top US energy regulator voted to ease environmental requirements for pipelines and other natural gas projects, saying they’re not needed after a recent Supreme Court ruling. The five-member Federal Energy Regulatory Commission moved on Thursday to no longer require an analysis of cumulative impacts, part of the decades-old National Environmental Policy Act. That policy requires an examination … Read more
OPEC Sees No Peak Oil Demand as Energy Security Beats Climate OPEC forecasts “robust growth” in global oil demand, with demand projected to rise to 113.3 million barrels a day in 2030 and 124.1 million barrels a day by 2050. The largest increments of oil demand growth will come from Asia, the Middle East, … Read more
Reuters Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the … Read more
Alaric Nightingale and Paul Burkhardt The US and Iran have committed to reopening the Strait of Hormuz, the world’s most important artery for shipping oil and natural gas, which has been largely blocked since the two countries went to war in February. However, returning traffic in the strait to prewar levels — if that day ever comes — … Read more
by EnergyNow Editorial Staff LNG Canada has reached another historic milestone, announcing the shipment of its 100th liquefied natural gas (LNG) cargo from its export terminal in Kitimat, British Columbia. The achievement comes less than one year after the facility loaded Canada’s first-ever large-scale LNG export cargo, underscoring the rapid and successful ramp-up of what … Read more
Equinor will decide in early 2027 whether it will proceed with its proposed Bay du Nord oil project off the east coast of Newfoundland, a company executive told investors this week.
Bay du Nord is expected to create “significant value and longevity” f…
/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./ CALGARY, AB, June 18, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it has agreed to issue $1.0 billion aggregate principal amount of senior unsecured notes (the “Offering”) consisting of $400 million of 3.942% … Read more
Canadian and U.S. markets moved in opposite directions Thursday as commodity prices weighed on materials and energy stocks.
Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd., said weakness in the TSX basic m…
Analysts call for more pipeline capacity amid tightening global heavy oil market By Will Gibson Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, making it the … Read more
The blast was so powerful that the huge disc-shaped lid of an oil storage tank was launched into the sky over Moscow like a frisbee. Evading Russian air defences, Ukrainian drones struck an oil refinery in southeast Moscow on Thursday for the second time in three days, igniting a fierce blaze that spewed out clouds … Read more
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs. An Iranian blockade of the Strait of Hormuz had long been viewed as a “Doomsday” event that … Read more
Canada’s Keyera Corp said on Wednesday it has acquired the remaining 50% stake in the KAPS natural gas liquids pipeline from Stonepeak for C$1.215 billion ($860.97 million), taking full ownership of the system. The company expects about C$100 million in incremental growth capital in 2026, above its previously disclosed outlook of C$550 million to C$625 million, … Read more
Summary Brent, WTI back to early-March levels US-Iran 14-point agreement extends April ceasefire for 60 days Market fundamentals expected to remain tight Ukraine hits Moscow refinery in major attack on Russian capital (Reuters) – Oil prices fell more than 1% on Thursday to their lowest since the first trading day of the Iran war, … Read more
Summary Hormuz reopening to free millions of barrels of stranded non-Iranian oil Asian refiners already secured supplies for June to August Weak refining margins to weigh on fresh purchases (Reuters) – Middle Eastern crude oil prices are likely to fall if the Strait of Hormuz reopens on Friday following the U.S.-Iran interim deal, releasing … Read more
June 17, 2026 2:03 PM EDT | Source: Canada Action Calgary, Alberta–(Newsfile Corp. – June 17, 2026) – A new poll conducted by Nanos on behalf of Canada Action finds widespread support among British Columbians for LNG development, expanded energy infrastructure and increased natural gas exports.The survey found that a strong majority of British Columbians (87%) support building … Read more
Site E, Homalco, and the Question B.C. Cannot Avoid. By Stewart Muir On June 15, 2026, Energy Minister Adrian Dix confirmed that British Columbia is seriously reconsidering two large hydroelectric projects prohibited since 2010: Site E on the Peace River (750 MW) and a dam on the Homathko River near Bute Inlet (900 MW). The … Read more
McKay has argued that Canada needs to move away from a cautious, risk-averse culture to a pro-growth mindset Bloomberg News Royal Bank of Canada chief executive Dave McKay said he expects announcements related to major Canadian energy projects in the “coming weeks” while warning that the country needs to move fast to secure capital. “I think you’ll see … Read more
Canada and its “potential” to boost global energy supplies got a shoutout in the G7’s joint statement on geopolitical issues Wednesday, after a summit seized with finding solutions to the fallout from the Iran war. The mention was included in a section on the Middle East, which touched on international efforts to reduce reliance on the … Read more
3 Minute History Canada delivers another high-stakes diplomatic thriller. This week’s episode uncovers how Prime Minister John Diefenbaker and President Dwight Eisenhower turned a fishing-trip friendship into a 1959 victory: Canada’s effective exemption from the U.S. Mandatory Oil Import Program. Ambassadors Heeney and Merchant ran a full-court press in Washington, keeping Alberta oil flowing … Read more
The B.C. government has launched an upgrade on the provincial hydro system in an effort to increase the power supply by another seven per cent.
Energy Minister Adrian Dix announced the improvements on Wednesday, two days after saying the government wa…
CALGARY, Alberta, June 17, 2026 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) is pleased to announce the appointment of Brad Monaco as its Chief Financial Officer, effective June 22, 2026. Brad has extensive energy experience spanning finance, strategy, capital markets and operations. Most recently, he served as Chief Financial Officer of Parkland Corporation. Prior to … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ The base shelf prospectus is accessible, and the prospectus supplement will be accessible, within two business days on SEDAR+ CALGARY, AB, June 17, 2026 /CNW/ – Keyera Corp. (“Keyera” or the “Company”) (TSX: KEY) today announced that it has entered into an agreement with a … Read more
On strategy transaction generates strong free cash flow1 and is accretive to distributable cash flow per share1 Accelerates fee-based adjusted EBITDA per share1 growth outlook Enhances quality and durability of growing cash flow well into the next decade Preserves strength and flexibility of balance sheet CALGARY, AB, June 17, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “company”) today … Read more
Canadian and U.S. stock markets finished in negative territory on Wednesday amid fears of higher U.S. interest rates.
“You’ve got markets recalibrating after the Federal Reserve decision,” said Anish Chopra, managing director with Portfolio Management…
Long-dated prices still support drilling as buyers seek alternatives to Middle East barrels. Just over a month ago, shale heavyweight Diamondback Energy Inc. announced the “light has turned green” for US production growth. With oil trading for more than $100 a barrel at that point as the war in Iran strangled supplies, crude buyers were looking to … Read more
Premier Danielle Smith is expected to announce later today a new measure to help Albertans weather the high cost of living.
It comes after the U.S.-Iran military conflict choked global energy supply chains and sent prices at the gas pump soaring, whic…
U.S. crude oil and gasoline stockpiles fell last week, while distillate inventories rose, the U.S. Energy Information Administration said on Wednesday. Crude inventories fell by 8.3 million barrels to 418.2 million barrels in the week to June 12, the EIA said, compared with analysts’ expectations in a Reuters poll for a 4.6 million-barrel draw. … Read more
The United Arab Emirates’ oil output could exceed 5 million bpd next year as it moves to expand production after its exit from OPEC, making it a major driver of non-OPEC+ supply growth, the International Energy Agency said on Wednesday, The UAE said its decision to leave OPEC, announced earlier this year, was aimed … Read more
Canada Pension Plan Investment Board (CPP Investments) said on Wednesday that it would partner with India’s CtrlS Datacenters by investing 70 billion rupees ($740.54 million) in the company and related projects. Here are some key details: * CPP Investments said the partnership would support CtrlS’s expansion in India’s digital infrastructure market and help the company … Read more
Jet fuel market rebalances on higher production, imports, IEA says (Reuters) – Higher production at refineries and increased exports have helped ease concerns over a significant shortfall in the jet fuel market, the International Energy Agency said in its monthly report on Wednesday. “Concerns over jet fuel supply shortfalls ahead of the peak summer travel … Read more
Summary Supply growth to outpace demand growth in 2027, IEA says Will offer chance to replenish depleted global inventories Gulf oil flows about 12 million bpd in early June (Reuters) – The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International … Read more
Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf June 16 (Reuters) – Oil prices fell more than 2% on Tuesday to a fresh three-month low as markets weighed prospects for … Read more
Cheniere Energy does not expect developing countries to rely solely on the U.S. for their energy security, its Chief Financial Officer, Zach Davis, said on Tuesday. “I don’t see many countries in the developing world, especially at this moment in time, trusting 100% of their energy security to the U.S.,” Davis told an engineering, … Read more
As a net producer, Canada is the only G7 country that does not have a national strategic oil reserve, but should it? By Gary Kean • The Telegram A conception of what the Fischells Salt Dome energy project being pursued by Triple Point Resources in western Newfoundland might look like. Triple Point Resources Ltd. Canada is one of the … Read more
Strategic partnership contemplates collaboration on engineering, construction, operations, investment and LNG offtake for proposed 12 MTPA export facility at Prince Rupert, British Columbia SEOUL, South Korea, and VANCOUVER, BC, June 16, 2026 /CNW/ – Hanwha Ocean Co., Ltd. (“Hanwha Ocean”) today announced that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Kanata Clean … Read more
IPC produced oil from the initial phase of its US$855 million Blackrod site Bloomberg News International Petroleum Corp. produced oil from the initial phase of its US$855 million Blackrod site, which was Canada’s first new Alberta oilsands project greenlit in more than a decade when it moved ahead in 2023. Oil production started on May 31 … Read more
Province wants to increase electricity supplies by 50% by 2050 By This Article and More by Derrick Penner Here B.C. Hydro will consider building new hydroelectric megadams on the Peace River and on the province’s Central Coast as part of the long-term plan to increase electricity supplies by 50 per cent by 2050, Energy Minister Adrian … Read more
Canada’s main stock index drove further into record territory on Tuesday, while U.S. markets were mixed and oil prices fell below US$80.
Optimism continued that a tentative U.S.-Iran deal on their war will reopen the Strait of Hormuz at the end of th…
June 16, 2026 4:05 PM EDT | Source: Journey Energy Inc. Calgary, Alberta–(Newsfile Corp. – June 16, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce it has expanded its 2026 capital program and now anticipates participating in 16 gross (4.2 net) Duvernay wells and associated infrastructure. DUVERNAY … Read more
Reuters A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal, … Read more
Morgan Stanley has lowered its Brent crude oil price forecast for the fourth quarter of this year by $15 per barrel to $80, after the U.S. and Iran signed a preliminary agreement to end the war in the Gulf. “From here, it likely takes several weeks for tanker flow to be restored; we see 50% … Read more
Never bet against Donald Trump? The oil market appears to have made a risky wager from day one of the Iran war: The U.S. president would not allow the conflict to spiral into a full-blown economic crisis. So traders wouldn’t price one in, no matter what was happening with physical supplies. It was a risky … Read more
By EnergyNow Editorial Staff The U.S. Strategic Petroleum Reserve (SPR) is the world’s largest government-owned emergency crude oil stockpile. It was created after the 1973 Arab oil embargo to protect the United States from severe oil supply disruptions caused by wars, natural disasters, geopolitical crises, or major market shocks. The reserve is managed by the … Read more
Summary Dubai crude benchmark’s premium slips back to pre-war levels Naphtha goes into contango, diesel and fuel oil backwardation narrows Margins for transport fuels retain strength on low stocks SINGAPORE, June 16 (Reuters) – Spot premiums for crude and some refined products in Asia have fallen back to pre-war levels following a U.S.-Iran deal to … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for July delivery in Hardisty, Alberta, settled at $11.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $11.15 a barrel on Friday. * WCS is ending its monthly trading cycle … Read more
Reuters The Iran war’s disruption to global crude oil and LNG markets is already being measured in lost barrels and higher prices. Now, with a U.S.-Iran peace deal expected to reopen the Strait of Hormuz, the reckoning begins: was this a watershed moment, or merely another blip? Consider two precedents. The Volkswagen “Dieselgate” scandal over … Read more
CALGARY, AB, June 16, 2026 /CNW/ – Tamarack Valley Energy Ltd. has successfully closed the previously announced sale of its Charlie Lake assets for cash consideration of $804.0 million, before closing adjustments (the “Transaction”). Following the prompt receipt of regulatory approvals, Tamarack and the counterparty completed the Transaction two weeks ahead of expectations. The Transaction has eliminated Tamarack’s net … Read more
Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf June 16 (Reuters) – Oil prices fell more than 2% on Tuesday to a fresh three-month low as markets weighed prospects for … Read more
Ensuring the Strait of Hormuz is safe from mines could delay a return to normal shipping traffic by weeks following a deal to reopen the waterway, shipping and maritime security sources say. The operation by conventional minesweepers and state-of-the-art underwater drones could continue for 40 to 50 days before many insurance, shipping or oil … Read more
By Lennie Kaplan Based on some new modeling, I project that the Carney-Smith MOU Implementation Agreement (IA) will knock approximately $28 billion off the net present value (NPV) of oil sands projects between 2027 and 2040. Net present value (NPV) is defined as “the cumulative value of all future cash flows (incomes, capital expenditures, … Read more
Citi on Monday cut its average Brent crude forecasts to $75 and $70 per barrel for the third and fourth quarters of 2026, respectively, citing expectations that the Strait of Hormuz trade flows will resume and normalize after the U.S. and Iran approved a memorandum of understanding to end the war in the Gulf. … Read more
The tentative memorandum of understanding reached over the weekend between the U.S. and Iran establishes an immediate 60-day ceasefire, the lifting of the U.S. naval blockade, and a framework to reopen the Strait of Hormuz toll-free. But while global markets can breathe a sigh of relief ahead of the formal signing in Switzerland this Friday, … Read more
In this time of global uncertainty, the countries that succeed will not be the ones that fight amongst themselves. They will be the ones that build By Tim Hodgson, Originally a Special to the Financial Post Here That is why, as your Minister of Energy and Natural Resources, I have come to see my role in … Read more
Vice President JD Vance on Monday said the U.S.’ memorandum of understanding with Iran was “a very general document” with specifics of the deal to be worked out during further negotiations. “The MOU…is about a page and half so it is a very general document,” Vance said on CNN’s The Lead with Jake Tapper. … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for July delivery in Hardisty, Alberta, settled at $11.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $11.15 a barrel on Friday. * WCS is ending its monthly trading cycle … Read more
The U.S.’s emergency oil reserve was already significantly depleted when Trump took office 16 months ago Bloomberg News The United States’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war … Read more
Canadian company Advantage Energy said on Monday that Michael Belenkie has stepped down as president, CEO and board director, effective immediately, amid a shareholder push for stricter financial oversight. The Calgary, Alberta-based energy producer appointed Board Chair John Festival as interim CEO while it searches for a permanent successor. Advantage’s board, in February, had concluded that … Read more
CALGARY, AB, June 15, 2026 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.105 per common share payable on or about July 15, 2026, to shareholders of record on July 1, 2026. This dividend is designated as an eligible … Read more
Canadian and U.S. stock markets rallied after the U.S. and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.
Allan Small, senior investment adviser at iA Private Wealth…
The Energy Industry’s BEST NETWORKING EVENT of Stampede! **Limited General Tickets Available at HERE** Ticket Cost – $42.00 + GST (Does Not Include Third Party Ticket Processing Fees) 2026 Breakfast Details: Date: Tuesday, July 07th, 2026 Time: 7:30 AM to 12:00 PM Location: Wild Horse Saloon (6th & 5th Street S.W. – Next to the … Read more
“We expect free passages will have to build over the weeks for the wider shipping community to gain confidence,” said Anoop Singh, Oil Brokerage’s global head of shipping research. “Till such time, physical freight rates will likely remain elevated, and trading will remain slow.”29dk2902l Under unrestricted navigation, the traffic pile-up on either side can be … Read more
The U.S.-Iran deal ending months of fighting and reopening the Strait of Hormuz will prompt a collective sigh of relief from energy exporters and importers alike. But the fragile calm may not prevent future flare-ups, casting doubt over how quickly – or fully – tanker traffic through the vital waterway can return to normal. … Read more
Establishing industry leading fee-based adjusted EBITDA per share1 growth targets to 2029 Initial $100 million near-term synergy target substantially realized and target increased Expanded Marketing segment is a strategic competitive advantage; providing 2026 Marketing segment realized margin1 guidance Capital allocation priorities unchanged; updating 2026 guidance CALGARY, AB, June 15, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “company”) today announced a pro forma … Read more
CALGARY, AB, June 15, 2026 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) today announced that Michael Belenkie has stepped down as President and Chief Executive Officer and as a director of the Corporation, effective today. The Board of Directors (the “Board”) has appointed John Festival as Interim CEO, effective immediately. John Festival, Interim CEO and Chair of … Read more
Statistics Canada says manufacturing sales rose 4.2 per cent to $77.1 billion in April, as the petroleum and coal product group hit a record high.
Petroleum and coal product sales jumped 22.6 per cent to $11.8 billion, following a 25.5 per cent increa…
June 15 (Reuters) – U.S. energy shares fell in premarket trading on Monday as crude prices tumbled after Washington and Tehran reached an initial deal that could end the months-long conflict and reopen the vital Strait of Hormuz. The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, Pakistan’s prime minister said, after … Read more
Summary US, Iran to sign MOU on peace deal on Friday, Pakistan PM says Deal includes reopening of Strait of Hormuz Further talks on final agreement expected in next 60 days LONDON, June 15 (Reuters) – Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they … Read more
Biogas facilities play an important role in turning organic waste streams, including manure, sludge, and industrial waste, into renewable energy. However, the process depends on more than biological activity inside the digester. Reliable pressure monitoring, equipment protection, and safe system response are critical to keeping operations running efficiently. In biogas applications, methane generation creates pressure … Read more
By EnergyNow Editorial Staff For much of the past decade, international investors viewed Canada’s oil and natural gas sector as a paradox. The country possesses some of the largest petroleum reserves in the world, a highly skilled workforce, strong environmental standards, political stability, and access to growing global energy markets. Yet despite these advantages, billions … Read more
President Donald TrumpPhotographer: Shawn Thew/EPA/Bloomberg The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of the country’s nuclear program. Officials from the two countries will meet in Switzerland … Read more
SINGAPORE, June 15 (Reuters) – Oil prices slipped in early trading on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.51, or 4.02%, to $83.82 by 2203 GMT and … Read more
Alberta plans to propose a general route for the pipeline by July 1 By Iain Boekhoff Alberta’s Minister of Energy and Minerals Brian Jean is recognized in the House of Commons on Parliament Hill in Ottawa on April 29, 2026. Photo by Blair Gable/Postmedia Alberta has held talks with a Fortune 500 company to finance … Read more
Original: www.msn.com/en-ca/money/topstories/holt-drops-promise-of-stricter-carbon-price-for-big-polluters/ar-AA25nt6L Premier Susan Holt has officially abandoned her election commitment to make New Brunswick’s largest industrial plants pay more to emit greenhouse gases that contribute to climate change. Holt welcomed news that the federal government is giving all provinces a break on its industrial carbon price standard to match a deal signed with Alberta. … Read more
Reuters A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a range of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two … Read more
By Terry Winnitoy – EnergyNow Calgary’s flagship energy event draws more than 38,000 attendees as industry, government and investors align around energy security, investment and growth For three days in June, Calgary once again became the centre of the global energy conversation. Last week Global Energy Show Canada 2026 concluded at the BMO Centre, and … Read more
Environmental groups are cheering an Ontario government announcement that three battery storage projects will add enough capacity to the electricity system to power 640,000 homes.
The Independent Electricity System Operator had been looking to secure …
Calling all young professionals working in downtown Calgary! Please join us for an evening of networking and energy conversation conversation with your fellow young professionals and Greg McLean, MP for Calgary Centre and Chair of the Conservative Economic Growth Council. We’ll provide the appetizers and drink tickets. You bring the good conversation. Regardless … Read more
Summary Brent hits lowest level since early March, WTI at lowest since April Analysts say upside risks remain, seasonal demand could lift prices OPEC lowers 2026 oil demand growth forecast to 970,000 barrels per day, raises 2027 forecast HOUSTON, June 12 (Reuters) – Brent crude prices fell to their lowest levels since early March as … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed by another 50 cents on Friday. WCS for July delivery in Hardisty, Alberta, settled at $11.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $11.65 a barrel on Thursday. * The WCS differential … Read more
(Reuters) – The United States and Iran are not quite at the finish line, but are very close to a deal to resolve their conflict, a senior U.S. official said on Friday, adding that Washington expects to sign an initial deal in the coming days. “The negotiating team has got us in a very good … Read more
(Reuters) – U.S. energy firms cut the number of rigs operating for the first time in eight weeks, energy services firm Baker Hughes said in a closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, fell by 1 to 562 in the week to June 12. … Read more
(Reuters) – The extreme volatility of global oil prices has drained liquidity from the market this year at the fastest pace on record, as investors have become increasingly wary of committing cash to an asset that has become hostage to U.S. President Donald Trump’s daily social media posts on the Iran war. Liquidity, or how … Read more
(Reuters) – Since the start of the Iran war and Tehran’s announcement that the Strait of Hormuz was “closed”, the market has grappled to put a figure on lost crude supply and to predict the price of oil. Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 … Read more
(Reuters) – U.S. President Donald Trump denied on Friday that the United States has made major concessions to Iran and a senior U.S. official called an emerging pact “performance-based” with Tehran getting no frozen assets until its part of the agreement is fulfilled. In a post on his Truth Social platform, Trump said Iran’s leaked … Read more
Ksi Lisims clears more hurdles on the road to FID By Nelson Bennett Two Indigenous-led LNG projects in B.C. ticked boxes and marked milestones this week. On Monday, Samsung Heavy Industries announced it has launched the hull of the FLNG Megúgu for the Haisla’s $5.5 billion Cedar LNG project. It will now begin assembling the topside … Read more
By Jock Finlayson and Steven Globerman The Gravity Model and Efforts to Diversify the Markets for Canadian Exports The Gravity Equation of Trade provides important insights into Canada’s export and broader trade dependence on the US market, why this dependence has persisted over time, and the types of policies that might contribute to achieving greater … Read more
3 Minute History Canada keeps the momentum rolling! This week’s episode reveals how Henry Borden’s Royal Commission on Energy (1957–1959) cleaned up the chaos of the 1956 pipeline debate and helped depoliticize energy issues. The result? The independent National Energy Board in 1959 and the famous “Borden Line” compromise that split Canada’s oil markets — … Read more
Summary Upside risks remain, seasonal demand could lift prices, analysts say OPEC lowers 2026 oil demand growth forecast to 970,000 bpd, raises 2027 demand growth LONDON, June 12 (Reuters) – Oil prices fell over 3% on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of … Read more
CALGARY, AB, June 12, 2026 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) announced today that it has filed its management information circular (the “Information Circular”) and related materials for the upcoming special meeting (the “Meeting”) of the holders (“ARC Shareholders”) of ARC common shares (“ARC Shares”) being held to approve the previously announced plan of … Read more
By Lennie Kaplan Recent comments from Cenovus CEO Jon McKenzie, at the recent Global Energy Show suggesting that the Carney-Smith carbon tax will, in part, make the West Coast Oil Pipeline (WCOP) and the Pathways CCS Project uneconomic and uncompetitive appears to confirm my earlier fears about the impact of the Canada-Alberta MOU Implementation Agreement … Read more
Imperial Oil has been penalized $120,000 for a wastewater spill at its Kearl oilsands mine near Fort McMurray, Alta.
Alberta’s energy regulator laid nine charges against the company last year in connection to the 2023 spill, which saw about 5.2 millio…
The chief executive of AltaGas Ltd. says the company is in talks with customers in India, Vietnam, Taiwan and other Asian markets to supply Canadian propane and butane as it expands its export infrastructure footprint on the West Coast.
Many places i…
By Kenneth P. Green The Carney government recently rolled out Powering Canada Strong: A National Strategy for an Electrified Canadian Economy, a grand strategy for Canada’s power systems. The new strategy, to be positive about things, has a lot of (conceptually) good things in it. The basic premise is that, in the future, Canada will need … Read more
The CEO of the under-construction Woodfibre LNG project in British Columbia says Ottawa’s push to market Canada as a reliable energy supplier is starting to come to fruition.
Luke Schauerte made his remarks in an interview on the sidelines of the Glo…
Chris Varcoe: Export projects on the British Columbia Coast can offer shorter shipping times to markets in Asia than U.S. rivals By This Article and More by Chris Varcoe Here Original: financialpost.com/opinion/columnists/varcoe-canadian-governments-agree-push-two-new-lng-projects/wcm/29bfa3fa-c685-4a60-ab63-e427f936dc74 Alberta and British Columbia battle frequently over a proposed oil pipeline to the Pacific coast, yet they’re not playing the part of squabbling … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures tightened again on Thursday to its narrowest point since November.WCS for July delivery in Hardisty, Alberta, settled at $11.65 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $11.90 a barrel on Wednesday. * The … Read more
June 11, 20263:00 PM Globe Newswire More than 38,000 attendees from over 100 countries gathered in Calgary for Global Energy Show Canada 2026 Event generated an estimated $70.6 million in economic impact for Calgary and area More than 500 exhibitors showcased the scale and diversity of today’s energy sector Global Energy Show Canada will take … Read more
By Amanda Stephenson and Arathy Somasekhar Wet weather and Cenovus outage disrupt Western Canada oil supply Cushing inventories near operational lows as U.S. crude stocks fall Western Canadian crude inventories at lowest since 2020 CALGARY, June 11 (Reuters) – Wet weather and a power outage at a major oil sands producer have contributed to crude … Read more
(Reuters) – U.S. President Donald Trump said he hascanceled planned strikes against Iran on Thursday, hours after threatening more bombings and a desire to “take” oil export hub Kharg Island. “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I … Read more
(Reuters) – U.S. President Donald Trump on Thursday said the United States would hit Iran “very hard tonight” and that he wanted to eventually seize Kharg Island, the export heart of one of the world’s largest oil producers. Following are key facts on Iran’s energy industry: KHARG ISLAND The third-largest producer in the Organization of … Read more
(Reuters) – Canada’s Imperial Oil was fined C$120,000 ($85,849.19) after pleading guilty in an Alberta court to breaching environmental regulations tied to an industrial wastewater overflow at its Kearl oil sands site, the province’s energy regulator said on Thursday. Following a May 29 hearing in the Alberta Court of Justice, the Canadian oil producer was … Read more
Stock markets rallied in Canada and the U.S. after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal between the countries.
Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, said Trump’s comme…
(Reuters) – The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States. Along with rivals GE Vernova and Mitsubishi Heavy Industries, Siemens Energy has seen … Read more
(Reuters) – President Donald Trump said on Thursday he wants to take over Kharg Island, Iran’s oil infrastructure hub. Analysts say the U.S. military could seize the island quickly, but the move could leave U.S. troops in great peril and prolong rather than shorten the war. WHERE IS KHARG ISLAND AND WHY IS IT IMPORTANT? … Read more
(Reuters) – U.S. President Donald Trump said on Thursday he would like to take over Iran’s oil infrastructure hub Kharg Island but he was not sure Americans have the appetite for a major escalation in the war. “We are talking to them and all, but you know, look, my preference has always been – take … Read more
Introduced by Michael Binnion, President and Founder of Questerre Energy, Saskatchewan Premier Scott Moe delivered a strong message at Global Energy Show Canada in Calgary: Canada stands at a pivotal moment where the right policy decisions could unlock unprecedented investment, strengthen national prosperity, and position the country as a true global energy superpower. Speaking to … Read more
(Reuters) – Efforts to reach a preliminary deal between Iran and the U.S. have intensified, three Iranian sources and a European official told Reuters on Thursday, despite strikes launched by both sides, as they discuss a mechanism over releasing frozen Iranian funds. The sources said Iran and the United States were still exchanging messages over … Read more
(Reuters) – Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market. The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas … Read more
Summary Cuts 2026 oil demand growth forecast by further 200,000 bpd amid Iran war impact OPEC+ output drops by 190,000 bpd in May, led by Iran facing US blockade Raises 2027 demand growth prediction (Reuters) – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the … Read more
The CEO of New Brunswick’s electricity utility says its proposal for a natural gas-powered generating station remains the best option for avoiding blackouts within the next two years.
Lori Clark told a legislative committee this morning that the proje…
Summary US oil exports surge as Saudi, Russian exports disrupted by conflict and sanctions EU officials warn of risks in growing dependence on US energy supplies US oil boom driven by private firms, contrasting with state-led output in rivals HOUSTON, June 11 (Reuters) – The United States has become the world’s largest oil exporter, … Read more
Summary Iran closes Strait of Hormuz, threatens to fire on vessels attempting passage Talks intensifying to reach deal, Iranian sources say U.S. launches additional strikes on Iran, escalating tensions after fragile ceasefire U.S. crude inventories fall sharply, EIA reports 7.2 million barrel crude draw (Reuters) – Oil prices fell on Thursday, following earlier gains triggered … Read more
Canada’s Trans Mountain pipeline is running at full capacity for the first time since the completion of a major expansion two years ago, but an executive said Wednesday that ongoing global turmoil makes predicting future capacity rates difficult. * The 890,000-barrel-per-day pipeline, which carries oil from the province of Alberta to British Columbia’s west coast, … Read more
By EnergyNow Insights Staff CALGARY, Alberta — Alberta Premier Danielle Smith says the conversation about Canada’s energy future has fundamentally changed. Speaking at the Global Energy Show in Calgary, Smith argued that years of global geopolitical disruption, rising energy demand, and concerns over affordability have triggered a worldwide reassessment of the role oil and natural … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for July delivery in Hardisty, Alberta, settled at $11.90 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, up from $11.80 a barrel on Tuesday. * The WCS differential, which has been volatile … Read more
While industry insiders talk about economic benefits, concerns around water, electricity and more are leading to opposition from some By This article and mote by Steven Wilhelm here Original: calgaryherald.com/business/energy/alberta-gigawatt-scale-ai-data-centres-under-construction-global-energy-show Sameh Kodsi, a manager at WSP Canada, Mike Shaw, a vice-president of business development at ATCO Energy Systems and Wes Cullum, the senior vice-president of … Read more
(Reuters) – The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on. “If you want to know … Read more
(Reuters) – India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, Alberta, adding that the country’s newer refineries are designed to process heavy crude, making Canadian grades a viable option. Patnaik said officials from the two countries are meeting regularly … Read more
Even with flows gradually improving, EIR modeling shows OECD inventories bottoming at multi-decade lows and a lasting geopolitical premium in Brent CALGARY, Alberta (June 10, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has published its latest report, Strait of Hormuz | What Comes Next for Oil Markets? In … Read more
By Terry Winnitoy CALGARY, AB – Speaking to a packed international audience at the Global Energy Show Canada on June 9, Canada’s Minister of Energy and Natural Resources, Tim Hodgson, delivered an ambitious vision for Canada’s energy future, declaring that the country is entering a new era of energy development, infrastructure construction, and global market … Read more
The Bank of Canada held its benchmark interest rate steady for a fifth consecutive decision on Wednesday as it tries to support a turbulent economy without letting prices rise unchecked.
Governor Tiff Macklem also said that while the economy is weak, …
Summary US launches new strikes on Iran after helicopter downed Tehran threatens to resume hostilities if Israel attacks Hezbollah US crude inventories fall for eighth week, raising supply concerns LONDON, June 10 (Reuters) – Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction and investors weighed lower Chinese demand with global inventory … Read more
CSV targets 2029 startup for 35,000 barrel-per-day facility in Fort Saskatchewan CALGARY, AB, June 9, 2026 /CNW/ – CSV Midstream Solutions Corp. (CSV) announced today its plans to build a fractionation facility in Alberta’s Industrial Heartland in Fort Saskatchewan, targeting startup in 2029, with a final investment decision (FID) expected by early 2027, subject to regulatory approval. In this … Read more
It takes true grit to start a business and keep it going for almost 20 years – particularly, an abiding passion for what is right and wrong, and the determination to stick to your guns no matter what the rest of the world is doing. This month, Compass’ marketing team called to check in on … Read more
In today’s energy and infrastructure environment, pressure is no longer the exception, it’s the baseline. Across North America, a new wave of investment is accelerating project timelines. Industry estimates suggest more than $1 trillion in new pipeline infrastructure will be required in the coming decades, driven by rising energy demand, LNG exports, and electrification. At … Read more
A new national report from Canada Powered by Women (CPW) and PwC Canada finds senior women executives across Canada’s energy sector are optimistic about the country’s resource potential but increasingly frustrated by a lack of policy certainty and project execution. The report, Fueling What Matters: A National Conversation with Women Business Leaders on Energy, … Read more
(Reuters) – Abu Dhabi National Oil Company is exploring opportunities in Canada’s upstream and liquefied natural gas sectors through its international arm XRG, a senior company executive said on Tuesday at the Global Energy Show in Calgary. Musabbeh Al Kaabi, ADNOC’s CEO of upstream, did not provide details on what specific investments the company may … Read more
By Alex Whalen and Julio Mejía According to the latest data, capital expenditure (a measure of investment) in Newfoundland and Labrador’s mining industry has plummeted from more than $1 billion each year from 2021 to 2024 to $503 million in 2025 and an estimated $482 million in 2026. This is bad news for Newfoundlanders and … Read more
By Ben Eisen A rule designed to control the cost of Canada’s equalization program has instead forced the federal government to spend an extra $10.5 billion over the past seven years. Fixing it should be one of the easier decisions for the Carney government. A straightforward reform can make the program more responsive to changes in the … Read more
Pipeline operator Keyera helping establish forest the size of 50 football fields By Will Gibson Keyera and Project Forest will plant native species, with balsam poplar and white birch accounting for the majority of trees along with white spruce and western mountain ash. Photo by Nicole Logan on Unsplash A new forest will soon take … Read more
Summary Alberta touts cheap gas, cold climate to attract data centers and boost demand Pembina Pipeline and Kineticor near decision on 900 MW gas plant for unnamed data center client 90% of Canada’s planned hyperscale data centers are in Alberta, study says CALGARY, June 9 (Reuters) – Alberta is touting its abundant supply of cheap … Read more
(Reuters) – Crude oil prices pushed up by the Iran war helped propel Canada’s goods trade surplus in April up by 55% to a 15-month high of C$2.72 billion ($1.95 billion), Statistics Canada said on Tuesday. Analysts polled by Reuters had forecast a surplus of C$2.57 billion. Statscan revised March’s surplus down to C$1.75 … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed again on Tuesday. WCS for July delivery in Hardisty, Alberta, settled at $11.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12 a barrel on Monday. * The WCS differential, which has been … Read more
By Iain Boekhoff and Robert Tuttle Jon McKenziePhotographer: Gavin John/Bloomberg The leader of one of Canada’s biggest oil companies blasted a government push for a massive carbon-capture project and carbon tax in exchange for an oil-sands pipeline as anticompetitive and uneconomic. A recent federal-provincial pact aimed at advancing the Pathways project failed to address regulatory … Read more
Canada’s main stock index finished in negative territory on Tuesday, weighed down by declines in commodity prices, while another sudden reversal for high-flying artificial-intelligence stocks sent Wall Street reeling.
Ryan Bushell, CEO and portfolio …
(Reuters) – Oil stockpiles in the world’s largest economies are headed toward the lowest levels since at least 2003 as inventories are drawn down at a record pace due to the lost output from the Iran war, the U.S. Energy Information Administration said on Tuesday. Total oil inventories in the members of the Organization for … Read more
(Reuters) – U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic through the Strait of Hormuz is rising “very meaningfully” as the conflict with Iran continues. “I would say rising very meaningfully,” Wright said when asked how ship traffic is flowing through the Strait compared to a week or two ago. Wright made … Read more
The lead developer of the Ksi Lisims liquefied natural gas project planned for the West Coast has announced benefit agreements with three First Nations in northern British Columbia.
Houston-based Western LNG says two of those communities — the Metlak…
Oil prices fell on Tuesday, erasing most of the previous session’s gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities. Brent crude futures were down 91 cents, or 1%, at $93.34 a barrel at 0400 … Read more
( Reuters) – Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday. Around 92 GW of offshore wind was installed by the end of 2025, enough to power around 100 … Read more
Statistics Canada says the country’s merchandise trade surplus grew to $2.7 billion in April as higher oil prices helped boost exports to a record high.
The agency says the result was the largest surplus since January 2025 and compared with a surplus …
By Iain Boekhoff A proposal by a Kevin O’Leary-backed firm to build Canada’s largest data center in northwestern Alberta is facing pushback from some residents and Indigenous groups. Hundreds of people poured into the community hall in the hamlet of Grovedale, Alberta, to hear from O’Leary Digital Ltd. officials and their contracted experts last week. … Read more
Alberta Flares offers a full line of mobile rental equipment along with delivery, setup and monitoring services. Also available to our customers are calculations to determine size of flare stacks required along with length of flaring time. There are many factors involved in choosing the proper equipment for your project. We have specialized equipment … Read more
A second German utility has expressed interest in purchasing liquefied natural gas from the Ksi Lisims project planned for the northern British Columbia coast, as the plant’s partners approach a final go-ahead decision.
Duesseldorf-based Uniper and K…
By Yogi Schulz Quebec political leaders rail against supposedly ‘dirty oil’ produced in other parts of Canada, especially Alberta, and loudly oppose its consumption in Quebec. They’re even against a crude oil pipeline to the Irving Oil refinery in New Brunswick. At the same time, they say nothing about the ‘dirty oil’ that Quebec … Read more
The Global Energy Show kicks off today with an address from the federal natural resources minister, followed by sessions featuring a diverse slate of political and corporate leaders from Canada and abroad.
Along with Tim Hodgson’s speech on “building…
“There are periods in which you have to make hay, and periods in which you have to batten down the hatches.” By Chris Varcoe Original: calgaryherald.com/opinion/columnists/varcoe-4 Canadian petroleum producers are becoming increasingly convinced that high oil prices are likely to stick around through the rest of the year, and several are accelerating their spending plans … Read more
By Milagros Palacios, Jake Fuss and Nathaniel Li Canadians Celebrate Tax Freedom Day on June 9, 2026 In 2026, the average Canadian family will earn $166,790 in income and pay an estimated $72,539 in total taxes (43.5 percent). If the average Canadian family had to pay its taxes up front, it would have worked … Read more
The federal government on Monday offered a loan lifeline to airlines struggling to cope with the soaring price of jet fuel, garnering a mixed response from the country’s carriers.
The new program will let airlines borrow up to $150 million each, as fa…
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for July delivery in Hardisty, Alberta, settled at $12 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.15 a barrel on Friday. * The WCS differential has been volatile … Read more
By Kate Abnett and Joanna Plucinska EU eyes expanding carbon costs to outbound international flights Airlines oppose this, back U.N. carbon offset scheme instead EU sceptical offsets will drive emissions reductions Aviation’s climate impact set to increase without further action BRUSSELS/BERLIN, June 8 (Reuters) – Europe’s biggest airlines have urged the European Union not to … Read more
By Javier Blas When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15% of the world’s production, that had been shut down for a hundred days and counting. Nothing even remotely close has been attempted — ever. The oil industry doesn’t … Read more
The cash crop has long generated wealth on grocery store shelves and in deep fryers. Now, it’s increasingly a source of fuel By Nykole King Original: financialpost.com/business/the-fastest-growing-market-for-canadas-canola-is-energy/wcm/83d1e248-ac61-4bba-accc-c2a0e46d0cb1 Canadian oil refineries are quietly pivoting to an unlikely raw material for diesel. It’s unnoticeable for anyone at the gas pumps, but some of what powers diesel engines … Read more
The Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Iran’s ambassador to Moscow was quoted as saying on Monday. The U.S.-Israeli war on Iran has largely cut oil flows via the strait, which before the conflict saw one-fifth of the world’s … Read more
The biggest oil supply shock in decades has entered its fourth month – with no resolution in sight as neither the U.S. nor Iran appears willing to budge – yet the market remains surprisingly calm. This disconnect reflects an uncomfortable reality: the biggest drivers of today’s energy market are a host of unknowns. The … Read more
Summary HAPCO start-up pushed from mid-year to September or October, sources say PetroChina Dalian unit resumption postponed indefinitely China’s refining margins turn negative on high crude costs and fuel price caps India’s capacity expansion on track SINGAPORE, June 8 (Reuters) – Chinese refiners have delayed two projects slated to come online this year following disruptions … Read more
(Reuters) – Norwegian oil companies have agreed to a wage deal with three labour unions, preventing any strike action that would have disrupted output, negotiators for both sides said on Friday. Labour unions had said nearly 8% of Norwegian offshore oil and gas workers planned to strike if wage mediation failed, and the industry estimated that this … Read more
Summary Israel strikes on Iran follow strikes on Beirut on Sunday Iran on Sunday retaliated with missile attacks on Israel Iran plans to collect Hormuz transit fees, ambassador quoted as saying Analysts say impact of OPEC+ output hike agreement is limited LONDON, June 8 (Reuters) – Oil prices rose more than 3% on Monday, as … Read more
In refinery and energy applications, level measurement is rarely as simple as selecting a standard instrument and installing it in the field. Process conditions, piping specifications, maintenance access, vessel design, and site standards can all influence whether a level measurement solution will work reliably in practice. A recent magnetic level indicator application completed by Westech … Read more
German energy firm Uniper has signed a preliminary agreement to secure liquefied natural gas from a key project in Canada, a joint statement said on Monday, the latest sign of an intensifying energy partnership between the two countries. The deal to procure LNG from Canada’s Ksi Lisims, a proposed export facility to be located … Read more
Economists expect the Bank of Canada to hold its benchmark interest rate steady for the fifth straight time when it meets Wednesday, but its messaging could shed light on how it is navigating ongoing geopolitical uncertainties.
The central bank held i…
Rongsheng uses heavy crude from the Trans Mountain Pipeline at a 800,000-barrel-a-day refinery on China’s east coast By Robert Tuttle, Alfred Cang and Brian Platt Rongsheng Petrochemical Co., already the biggest buyer of crude from Canada’s sole West Coast pipeline, is weighing an agreement to buy oil from Alberta’s next project, a proposed million-barrel-a-day pipeline … Read more
By Scott Disavino NEW YORK, June 5 (Reuters) – U.S. energy firms this week added rigs for a seventh week in a row for the first time since May 2022, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and natural gas rig count, an early indicator of … Read more
Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90 a barrel and WTI forecast of $83 per barrel. The bank estimated 4 million to 5 million barrels per day (mb/d) of global oil … Read more
‘Two months ago, if you said oil is going to be the low 80s, you’d pop the champagne,’ said Ensign Energy Services Inc. president Bob Geddes By This Article and More by Steven Wilhelm Here Original: financialpost.com/business/energy/canada-oil-gas-drillers-making-money-busiest-may-since-2014/wcm/6acce87b-0c18-4fbe-af44-ddf94508e35f High oil prices are propelling a new rush for black gold across Western Canada, with drillers getting … Read more
Five things to watch for in the Canadian business world in the coming week:
Energy conference
The Global Energy Show is set to kick off in Calgary on Tuesday. Among the scheduled speakers are federal Natural Resources Minister Tim Hodgson, the premier…
Steve Liborio was caught off guard by a sudden increase in interest in electric vehicle rentals, several years after the car rental industry’s foray into EVs failed to get the traction it had hoped for.
Since Liborio doesn’t carry EVs at his Thrifty C…
A key question heading into trade talks with the U.S. is how to safeguard the integrated nature of energy flows, while also looking to expand exports into other markets By This Article and More by Chris Varcoe Here Original: financialpost.com/opinion/columnists/varcoe-canadian-energy-leaders-back-diversification-united-states-key-customer/wcm/f661edde-18fa-4802-9c2c-3bc0121cb840 Before travelling to the United States to discuss the future of the North … Read more
Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to change the fundamental contours of the global energy markets to suit U.S. interests. Iran blockaded the Strait, the main route for about a fifth … Read more
B.C. faces a power crunch that only natural gas power may address By Nelson Bennett BC Hydro CEO Charlotte Mitha speaking to GVBOT. | Matt Borck The One Group Agency | GVBOT By Resource Works More News and Views From Resource Works Here I’m going to go out on a limb here and predict that … Read more
Carney’s net-zero agenda shouldn’t come at the expense of Alberta taxpayers By Lennie Kaplan The proposed West Coast Oil Pipeline is starting to look less like a private-sector energy project and more like a taxpayer-backed extension of Prime Minister Mark Carney’s net-zero agenda. The decision by the federal Liberal government to establish a Sept. 1, … Read more
A city utility in New Brunswick has become the first in Canada to share active electricity grid data with outsiders — a move it says will help keep power bills predictable and lead to more clean energy projects.
Saint John Energy will be sharing the d…
Trans Mountain Corp. says oil shipments through its pipelines reached 83 per cent of capacity in the first quarter and is expected to rise to 90 per cent in the second quarter.
The Calgary-based company that operates the pipeline from Alberta to the B…
Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to estimates HOUSTON, June 5 (Reuters) – Oil prices fell on Friday as traders gained confidence that renewed conflict between the U.S. and Iran was growing … Read more
(Reuters) – Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets. Some fear the next move higher for … Read more
(Reuters) – Here are the main issues between the United States and Iran as they seek a deal to end their war, which is now in its fourth month: HORMUZ AND GULF BLOCKADE Iran’s closure of the Strait of Hormuz, normally the conduit for around a fifth of global oil and liquefied natural gas shipments, … Read more
Summary Cushing inventories near operational minimum, risking supply disruptions and crude quality issues US crude exports hit record highs as global supply disrupted by Iran war Phillips 66 internal estimates show Cushing could hit operational minimum as soon as June end NEW YORK/HOUSTON, June 5 (Reuters) – At the prairie town that calls itself … Read more
(Reuters) – President Vladimir Putin said on Thursday that Russia was ready to resume gas supplies to Germany via the Nord Stream pipeline that was heavily damaged by undersea explosions in 2022, and the onus was on Berlin to make up its mind. Putin told journalists in St. Petersburg that one of the two … Read more
Summary Oman said Mina al Fahal operations proceeding normally Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to estimates LONDON, June 5 (Reuters) – Oil prices edged lower after Oman said operations at Mina … Read more
Growth in electricity demand across North America is increasing rapidly, largely due to the power-hungry AI data centres By Derrick Penner Original: financialpost.com/news/local-news/bc-hydro-cancels-plan-to-phase-out-gas-generation-as-power-stopgap/wcm/9e388c02-365f-47a3-b583-c298e9b0c406 B.C. Hydro says it needs to keep two natural-gas-powered generating stations operational to meet a looming electricity shortfall, pushing back provincial goals to phase out fossil-fuel generation by the end of the … Read more
3 Minute History Canada continues its bold journey through Canadian energy history. This week’s episode follows Frank McMahon’s audacious 1957 Westcoast Transmission gamble — piping Peace River natural gas 1,046 km through mountains to Vancouver and the U.S. border. Facing U.S. regulatory doubt and steel shortages, McMahon ordered pipe before approvals, charmed a market-sharing deal, … Read more
By EnergyNow Insights Staff LNG Canada is moving closer to one of the most important investment decisions in Canada’s energy sector. Project partners are expected to decide by the end of 2026 whether to proceed with Phase 2, an expansion that would double the liquefied natural gas export facility’s capacity at Kitimat, British Columbia. Recent … Read more
Unlocking energy mining and forestry sectors is the path to fiscal stability and funding public services By Margareta Dovgal By Resource Works More News and Views From Resource Works Here Yesterday, June 1, 2026, I had the privilege of presenting to the Select Standing Committee on Finance and Government Services on behalf of Resource Works. … Read more
C‑NLOER is opening up 16 parcels in two regions off Newfoundland’s eastern and southeastern coast for oil and gas exploration By Gary Kean Original: financialpost.com/newfoundland-labrador/nl-offshore-oil-bidding/wcm/a595686c-4ac9-43cc-8b86-075d9d0aadde Oil and gas exploration is ramping up off Canada’s most-eastern province, with more than 3.6 million hectares open for prospecting. On Tuesday, the Canada–Newfoundland and Labrador Offshore Energy Regulator (C‑NLOER) … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for July delivery in Hardisty, Alberta, settled at $12.10 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.40 a barrel on Wednesday. The WCS differential has been volatile … Read more
(Reuters) – Iranian exports of crude oil and condensate fell to their lowest level in at least six years in May, falling well below 300,000 barrels per day, mainly due to the U.S. naval blockade, according to shipping data and analysts. The U.S. began enforcing the blockade on April 13, choking Iranian exports as the … Read more
Canada’s main stock index drove further into record territory on Thursday, helped by gains in the basic materials sector, while U.S. markets were mixed.
Carol Schleif, chief market strategist at BMO Private Wealth, said that there is some level of …
Geology, existing infrastructure and a skilled workforce give the province an edge By Will Gibson Energy worker in Alberta. Photo courtesy Government of Alberta As global interest in naturally occurring hydrogen grows, researchers at InnoTech Alberta say the province has “exceptional potential” to lead production of the rare, nearly zero-emission energy resource. Alberta is in … Read more
ST PETERSBURG, June 4 (Reuters) – OPEC expects robust oil demand growth and is not changing its estimates, Secretary General Haitham Al Ghais said on Thursday at the St Petersburg International Economic Forum, despite the Middle East conflict and closure of the Strait of Hormuz. “Despite all the commentary out there that oil demand is … Read more
(Reuters) – The trickle of tankers exiting the Strait of Hormuz has gathered pace in recent weeks, as traders adopt stealth measures to make the crossing. While this is freeing some of the vast oil inventories trapped in the Gulf, it does not signal a slow return to normalcy. Instead, it previews the opaque, fragmented … Read more
CALGARY, Alberta, June 03, 2026 (GLOBE NEWSWIRE) — PHX Energy” or the “Corporation“) (TSX: PHX) announces that its Board of Directors (the “Board”) has approved an increase to its 2026 capital expenditure program (the “Program“) to $80 million, a $15 million increase from the previously announced Program. The increased investment is expected to be primarily directed towards … Read more
Summary Israel-Lebanon ceasefire lifts hopes of wider regional deal Trump signals possible progress as soon as weekend US crude stocks fall sharply, tightening supply outlook (Reuters) – Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to … Read more
Canadian power producer TransAlta Corp said on Wednesday it will acquire two natural gas-fired peaking facilities near Denver, Colorado, from Blackstone for about $1 billion, strengthening its presence in the Western U.S. power market. Power producers are adding flexible gas-fired capacity to support rising demand, as the industry prepares for a rapid growth in electricity consumption, partly … Read more
A new report says boosting economic relations with Indigenous partners and incorporating their world views in business decision-making can help position Canada for a more resilient economic future.
The report, published Wednesday by Deloitte’s Future…
By Bruno Venditti | Graphics/Design: Sam Parker Key Takeaways China accounts for one-third of global electricity demand, a dramatic rise from under 10% in the early 2000s North American countries lead in per capita electricity use among the top consumers due to large homes, climate, and energy-intensive lifestyles Electricity demand reflects both economic activity and living standards. … Read more
By Chunzi Xu Coastal GasLink, a pipeline project in Western Canada, is readying a two-part bond sale to raise C$1 billion ($720 million), according to people with knowledge of the matter. The shorter portion of the high-grade bond sale is set to mature in 11.25 years and the size is around C$300 million. Initial pricing … Read more
By Jock Finlayson The latest economic readings from Statistics Canada are not encouraging. So far this year, Canada has lost roughly 120,000 jobs. Data for the first quarter of 2026 show overall economic activity declining marginally in the first three months of the year, which is worse than forecasters expected. This comes on the heels … Read more
B.C. Utilities Commission signals shift to “fossil gas,” inverting historical reality By Stewart Muir 1940s gas display at the Pacific National Exhibition | City of Vancouver Archives By Resource Works More News and Views From Resource Works Here The term “natural gas” has long been criticized by climate activists as a marketing ploy. History shows … Read more
By EnergyNow Insights Staff Germany’s landmark agreement to purchase liquefied natural gas (LNG) from British Columbia could reshape Canada’s role in global energy markets, even if many of those molecules never physically reach German shores. The recently announced agreement between Germany’s state-owned energy company SEFE (Securing Energy for Europe) and the proposed Ksi Lisims LNG … Read more
The premiers of Alberta and Quebec say they want to take inspiration from each other on how to grow autonomy within Canada.
Alberta Premier Danielle Smith and Quebec Premier Christine Fréchette met in Quebec City on Wednesday afternoon as sovereignty…
By Julian Lee and Alex Longley No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been blocked for more than three months. Iran has throttled traffic … Read more
June 3 (Reuters) – Britain’s Centrica (CNA.L) said on Wednesday it had signed a 10-year gas supply deal with Canada’s Peyto Exploration and Development (PEY.TO) for 50,000 million British thermal units of natural gas per day starting in 2029. The volumes equate to about five liquefied natural gas cargoes per year. Pricing will be linked … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for July delivery in Hardisty, Alberta, settled at $12.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.25 a barrel on Tuesday. Since the start of the U.S. … Read more
Stock markets in Canada and the U.S. lost ground on Wednesday as oil prices rose following a flare-up in hostilities that threatened the U.S.-Iran ceasefire.
The broad declines in the North American stock market came a day after fresh highs for the S…
About the 2026 Global Energy Show Canada The innovations, technologies, and companies shaping Canadian energy right now will all be under one roof next week. Join 30,000+ attendees from across Canada and around the world at the BMO Centre and be part of what comes next. Your FREE “Engage” Exhibition Pass gives you access to: … Read more
(Reuters) – Middle East oil refineries could recover to more normal production levels in 40-60 days from the end of the current oil supply crisis linked to the effective closure of the Strait of Hormuz, Vitol Bahrain’s regional head of research Bader Nooruddin said on Wednesday. That timeline would take production up to around 90-95% … Read more
Premiers, energy ministers, CEOs and a throng of international visitors are poised to descend on Calgary next week, when the annual Global Energy Show kicks off against a vastly different backdrop than the event last year.
A year ago Alberta Premier D…
Some of Canada’s largest environmental groups were on Parliament Hill Wednesday, urging the Liberal government to reverse course on what they’re calling “rollbacks” of environmental policy.
Representatives of 14 groups held a news conference to say Ot…
BC Ferries has become the latest transportation service provider to levy a fuel surcharge in the wake of high oil prices triggered by conflict in the Middle East.
The operator says in a statement that a temporary, five per cent surcharge will be imple…
(Reuters) – There will be a spike in oil demand to replenish storage levels after the current global oil supply crisis in overcome, ADNOC senior vice president of business transformation Fatema Bin Saleem Al Teneiji said on Tuesday. Oil demand will then start to pick up as oil prices normalise, she said at the S&P … Read more
(Reuters) – Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Company’s managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday. The remaining 30% would take about another month, he told the S&P Global Energy Middle East Petroleum and … Read more
Summary IEA warns of possibility of critically low stockpiles in summer Vitol exec said market underpricing risks from war U.S. stockpile data due at 1430 GMT (Reuters) – Oil prices rose more than 2% on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew and talks between Tehran and Washington … Read more
Calgary, Alberta–(Newsfile Corp. – June 2, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announced today the acquisition of high-return Belly River light oil assets in the Wilson Creek area of Willesden Green (the “Acquisition”), consolidating the Company’s position as the largest Belly River producer and deepening our core … Read more
CALGARY, Alberta, June 02, 2026 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto” or the “Company”) is pleased to announce the signing of a long-term natural gas supply agreement with Centrica Energy. Under the agreement, Peyto will deliver 50,000 MMBtu of natural gas per day to Centrica Energy over a 10-year period commencing in … Read more
CALGARY, Alberta, June 02, 2026 (GLOBE NEWSWIRE) — Yangarra Resources Ltd. (TSX:YGR) (“Yangarra” or the “Company”) today announced a meaningful expansion of its 2026 capital program and an increase to its syndicated credit facility, reflecting strong early performance from its redesigned Belly River development program and positioning the Company for enhanced oil weighting on production, stronger cash … Read more
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, June 2, 2026 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce it has entered into a definitive asset purchase and sale agreement (the “Agreement“) to sell its Wilson Creek assets (the “Assets“) to Obsidian Energy Ltd. (“Obsidian Energy“) for up … Read more
Process safety in Canadian oil and gas has long relied on people walking into the very environments everyone is trying to protect them from. Even with strong procedures, gas detection and permitting, inspection programs still depend on operators and technicians entering hazardous areas, climbing structures and performing confined space entries to get the data they need, often in … Read more
Oil production is ramping up off Newfoundland and Labrador and the government is offering money to companies interested in looking for more.
Premier Tony Wakeham opened an annual energy conference in St. John’s, N.L., by announcing a call for explorat…
Oilpatch gaining confidence to up production with string of new pipeline expansions and projects progressing By This Article and More by Chris Varcoe Here The timing may be tight, but it appears the Canadian oilpatch will be able to keep adding production without exhausting all available pipeline space in the coming months. With a string … Read more
David Detomasi argues Canada must see energy as power, not just fuel, in a more dangerous world By Ian Biana David Detomasi, Professor, Queen’s University Smith School of Business By Resource Works More News and Views From Resource Works Here A professor who won’t drop the hard questions David Detomasi has spent his career probing … Read more
Stock markets in Canada and the U.S. reached new highs, powered by gains in energy and AI, respectively.
Theresa Shutt, chief investment officer at Harbourfront Wealth Management, said themes around higher risk appetite driven by “AI fervour” helped …
June 2 (Reuters) – Seven U.S. states led by New York sued the Trump administration on Tuesday for cancelling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel projects. The lawsuit in the Washington, D.C., federal court challenges a … Read more
By Julian Hast US natural gas futures ended lower as domestic gas flows to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day. The reduction is concentrated at Sabine Pass LNG in Louisiana and Corpus Christi LNG in Texas. Lower gas flows to terminals leaves more supplies in … Read more
QatarEnergy and Adnoc are using methods typically employed by Russia to get their gas across the Strait of Hormuz. By Stephen Stapczynski Major liquefied natural gas exporters in the Persian Gulf are preparing for a potential future where disruptions in the Strait of Hormuz persist for longer. In a bid to move their LNG through … Read more
Energy minister say province could become major player as geography gives it advantage in shipping to overseas markets By Gary Kean There’s an estimated $400 billion worth of natural gas in an ocean basin off Newfoundland, and one analyst believes that assessment could position the province as a major player in the natural gas sector. … Read more
(Reuters) – The oil market is underpricing some risks from the Iran war, global commodity trading house Vitol’s managing director for Bahrain, Tom Baker, said on Tuesday. Iran’s effective closure of the Strait of Hormuz and attacks on energy infrastructure including oilfields and refineries, have taken about 14 million barrels of Middle East supply offline, … Read more
(Reuters) – South Korea aims to boost imports of crude oil and liquefied natural gas (LNG) from Canada, South Korea’s Industry Ministry said on Tuesday. South Korea is exploring ways to more than triple imports of crude oil from Canada to up to 16 million barrels this year, making Korea the third-biggest export destination for … Read more
OTTAWA, ON, June 2, 2026 /CNW/ – Today, Canada’s Minister of Energy and Natural Resources, Tim Hodgson, met with the Republic of Korea’s Chief of Staff to the President and Special Envoy for Strategic Economic Cooperation, Kang Hoon-Sik. They highlighted significant opportunities to expand the Canada–Korea commercial relationship in energy and natural resources, with Canada positioned to be … Read more
EIR identifies five quarterly signals—from EUV tool orders to packaging utilization—that best indicate whether AI chip supply can scale through 2030 CALGARY, Alberta (June 2, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released a report that frames AI compute growth as a manufacturing-throughput question and recommends … Read more
Two-thirds among both rural & urban Canadians say they would oppose a data centre where they live June 2, 2026 – As the federal government prepares to unveil its national artificial intelligence strategy this week, Canadians are asking governments to take a firm hand with the technology, while at the same time expressing profound doubt that … Read more
CALGARY, AB – GLJ Ltd. (“GLJ”), global energy consultants, today announced the completion of its acquisition of Petrel Robertson Consulting Ltd. (“PRCL”), a respected Canadian geoscience and engineering consulting firm. As a result of the acquisition, GLJ will strengthen its position as a leading provider of geoscience, engineering, and energy consulting services by combining PRCL’s … Read more
Summary Hormuz transit to remain below pre-war levels as long as peace uncertain, Khoury says Airlines that hedged jet fuel prices still cannot fly due to lack of physical supply, he says Chinese demand not what it should be; “teapot” refineries showing appetite, ADNOC exec adds (Reuters) – August could mark a tipping point for … Read more
(Reuters) – Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace, the head of the International Energy Agency’s oil industry and markets division said on Tuesday. “We’re seeing stock draws continuing into the summer, and with the possibility or the likelihood that … Read more
Summary Brent, WTI slip after previous session’s sharp rally Trump says talks with Iran continue Uncertainty over US-Iran talks keeps markets on edge (Reuters) – Oil prices fell more than 1% on Tuesday, paring the previous session’s sharp gains, after U.S. President Donald Trump said talks with Iran were ongoing. Trump’s comments came despite a … Read more
By Jim Warren Just one month ago, US President Donald Trump signed an order granting a cross-border permit to a pipeline project that could transport up to 550,000 barrels per day (bpd) of diluted bitumen (dilbit) from Hardisty, Alberta to Guernsey, Wyoming. The project, officially referred to as the Prairie Connector, will resurrect a large section … Read more
In Canadian oil and gas operations, reliable level indication is not just a convenience; it plays a direct role in safe startup, process confidence, maintenance planning, and day-to-day operator decision-making. This is especially true in cryogenic and low-temperature services, where insulation, frost buildup, flashing liquids, and difficult access points can make standard level instrumentation more … Read more
CALGARY, Atla, June 01, 2026 — What started with a single liquid nitrogen tank in the field has transformed routine oil and gas operations. Kathairos’ nitrogen systems have now directly eliminated one million metric tonnes of CO2 equivalent— and counting. Kathairos Solutions has crossed a major climate milestone: one million metric tonnes of CO₂e eliminated. … Read more
IRVING, Texas–(BUSINESS WIRE)–#EnergySolutions—Fluor Corporation (NYSE: FLR) announced today that its JGC Fluor BC LNG II joint venture with JGC Corporation (JFJV2) has received limited notice to proceed (LNTP) for the proposed Phase 2 expansion of the LNG Canada export facility in Kitimat, British Columbia, Canada. The same joint venture partners (JFJV) played a central role in … Read more
By Tammy Nemeth & David Blackmon Across rural Virginia, suburban Utah, and farm communities in the Midwest, residents are showing up at planning meetings to voice real worries about massive new data centers: noise, water use, electricity demand, and the conversion of farmland into industrial zones matter. Yet what appears as spontaneous local pushback … Read more
Alberta Premier Danielle Smith is planning to meet with her counterpart in Quebec City this week, with separatism and energy possible topics of discussion.
Speaking at an unrelated news conference in Calgary, Smith was asked about her upcoming visit w…
Mid-market energy companies are attracting unprecedented buyer interest as consolidation accelerates across Western Canada CALGARY, AB — June 1, 2026 — As Canada’s energy sector experiences its busiest merger-and-acquisition market in nearly a decade, RWT Capital has successfully advised H2Oil Energy Inc. on its sale to GFL Environmental Services Inc., further strengthening the firm’s position … Read more
Documents used in private consultations show 3 routes and 6 ports in northern B.C. By Kyle Bakx Original: www.cbc.ca/news/canada/calgary/bakx-alberta-smith-pipeline-oil-documents-bc-9.7216983 The Alberta government has been considering four different pipeline routes, including three options in northern B.C., which are shown in documents obtained by CBC News. (Kyle Bakx/CBC) The Alberta government has considered three different pipeline routes … Read more
June 01, 2026 5:00 PM EDT | Source: Obsidian Energy Ltd. Calgary, Alberta–(Newsfile Corp. – June 1, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) provides an update to our 2026 capital program and guidance, reflecting strong operational results and an improved commodity price outlook.Highlights: Increasing 2026 … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for July delivery in Hardisty, Alberta settled at minus $12.50 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with minus $15.30 in mid-May. * The WCS differential has been volatile … Read more
By Robert Tuttle An Alberta Forestry ranger sits in a truck outside the Lac la Biche Airtanker base in Lac la Biche, Alberta. Photographer: Cole Burston/AFP/Getty Images Wildfires that erupted on Friday and Saturday in the Canadian oil sands-producing region of Lac la Biche in Alberta have been reclassified as being held or under control, … Read more
By Grant Smith Oil industry experts have told OPEC+ that supply disruption caused by the closure of the Strait of Hormuz will persist to the end of the year, even if the waterway reopens promptly. Consultants and analysts gathered at OPEC’s Vienna headquarters for a technical meeting on Monday warned that it will take many … Read more
By Laura Dhillon Kane Dominic LeBlanc Photographer: Stephania Corpi/Bloomberg The office of Canada-US Trade Minister Dominic LeBlanc stressed the importance of “maintaining the highly integrated North American energy market” ahead of talks in Washington with US Trade Representative Jamieson Greer. LeBlanc and Janice Charette, Canada’s chief negotiator to the US, are scheduled to meet Greer … Read more
By Julio Mejía and Elmira Aliakbari The Houston government recently granted the first offshore natural gas exploration rights in years and opened public consultations on onshore development, reigniting debate over the risks and rewards of developing Nova Scotia’s natural gas resources. But before the lines harden, Nova Scotians should understand the facts despite any fear mongering. Nova … Read more
CALGARY, AB, June 1, 2026 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that its Board of Directors has approved an expanded second half 2026 capital program, including increased waterflood spending and incremental production growth. Additionally, the Company has increased its 2026 exit production rate guidance from 23,000 boepd to 24,000 boepd. … Read more
CALGARY, AB, June 1, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it will release its Strategic Growth Outlook and 2026 Guidance before markets open on Monday, June 15, 2026. The release will be followed by a conference call and webcast with accompanying presentation, which have been scheduled for Monday, June 15, 2026, at 9:00 AM … Read more
Calgary, Alberta–(Newsfile Corp. – June 1, 2026) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) provides an update to our 2026 capital program and guidance, reflecting strong operational results and an improved commodity price outlook. Highlights: Increasing 2026 capital program by ~$100 million to $300 – $325 million, targeting … Read more
Canada’s main stock index edged lower, while U.S. markets were positive and oil prices rose after the latest fighting threatened the U.S.-Iran ceasefire.
The United States said Monday that it bombed radar and drone sites in Iran after Tehran shot dow…
(Reuters) – U.S. crude exports climbed to a record 5.6 million barrels per day in May as the Middle East crisis pushed up demand for the country’s oil from Asian and European refiners, ship tracking estimates showed on Monday. The U.S. and Israel’s war with Iran triggered the largest-ever disruption to the global energy market … Read more
(Reuters) – Venezuela’s oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the United States, India and Europe, shipping data showed on Monday. Under the U.S.-supported government of interim President Delcy Rodriguez, Venezuelan crude production and exports have bounced this year … Read more
(Reuters) – Iran’s Tasnim news agency said on Monday that Tehran’s negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as diplomatic efforts to end the three-month-old Iran war continue. The agency said Iran and the Resistance Front, which includes its Shiite allies in Yemen, Lebanon … Read more
(Reuters) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford will pay the equivalent of 0.463 of its shares for each NCS share, with roughly 20% of the consideration in cash. Based on Reuters calculations, … Read more
By Ahmad Ghaddar and Alex Lawler Seven members likely to raise target by 188,000 bpd on Sunday, sources say Most cannot meet targets due to Hormuz closure Group-wide OPEC+ policy expected to remain unchanged OPEC delegates hold technical talks in Vienna this week VIENNA, June 1 (Reuters) – OPEC+ oil-producing countries will likely agree a … Read more
By Annika Segelhorst and Elmira Aliakbari In 2024, Honda announced plans to build a $15 billion electric vehicle (EV) manufacturing hub in Alliston, Ontario, touted as the largest-ever manufacturing investment in Canada’s history. Both the Trudeau government and the Ford government committed a combined $5 billion for the project. But in 2025, Honda announced that the project would be delayed, amid weaker … Read more
Goldman Sachs said late Sunday that weak oil demand in China and Europe poses a major downside risk to its fourth-quarter Brent crude forecast of $90 a barrel and WTI forecast of $83, although Middle East supply disruptions could still push prices higher. Here are a few details: * April retail sales data from … Read more
CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce the successful closing of its previously announced acquisition of all the Colombian exploration and production assets of Frontera Energy Corporation. Pursuant to the transaction, Parex acquired 100% of Frontera Petroleum International Holdings B.V. (“Frontera … Read more
By Yogi Schulz Oil and gas projects are among the most capital-intensive and operationally complex industrial undertakings in the global economy. Upstream, midstream, and downstream projects are routinely required to manage these characteristics to achieve success: Large dollar investments for the organization. Effective collaboration among multiple specialized disciplines. Lengthy regulatory approval timelines. Geographically dispersed … Read more
Canada’s economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.
StatCan reported Friday that the economy stalled in the first qu…
The federal government is facing increased pressure to state whether it knows how some of its recent policy changes will affect Canada’s greenhouse gas emissions.
Environment Minister Julie Dabrusin was peppered with questions on the issue at a parlia…
HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that Weatherford has entered into a definitive agreement to acquire NCS Multistage. Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. CALGARY, AB, June 1, 2026 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces results for the three-month period ended March 31, 2026 (“Q1 2026”). President’s … Read more
CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed a new $500 million covenant-based credit facility with the Canadian bank market. The facility has a four-year term to May 2030 and includes annual extension rights. Duvernay Energy has also closed an upsized $75 million reserve-based credit … Read more
(Reuters) – Nearly 8% of Norwegian offshore oil and gas workers plan to strike from June 5 if state-brokered wage mediation fails, labour union data showed on Monday. It was too early to say how a potential strike could impact production from oil and gas fields, a spokesperson for Offshore Norway, which represents the … Read more
Summary Israel orders troops to advance further into Lebanon US proposes gradual de-escalation plan for Israel and Lebanon Goldman Sachs flags weak oil demand in China and Europe Brent crude oil prices lost around a fifth in May (Reuters) – Oil prices rose more than 3% on Monday after Iran and the U.S. traded strikes and Israel … Read more
Wildfire season has returned to Canada’s oil sands region, with seven active blazes in the area on Sunday raising risks for communities, workers, companies and investors. Canada is the world’s fourth-largest oil producer, and the bulk of its production is clustered in northern Alberta’s boreal forest. Wildfires, which have always occurred in this environment … Read more
CALGARY, AB, May 28, 2026 /PRNewswire/ — Prime Minister Mark Carney’s stance of “No Pathways, no pipeline” as reported by CTV News on May 25, 2026, makes no sense in a world facing an extreme energy shortfall, says Friends of Science Society, in response to the recently signed Implementation Agreement between Canada and Alberta. Friends of Science … Read more
(Reuters) – Canada’s South Bow will decide whether to proceed with its proposed partial revival of the Keystone XL oil pipeline by mid-2027, the company said on Friday, as it announced it has secured the shipper commitments it was seeking to advance the project. The proposed 550,000-barrel-per-day Alberta-to-Wyoming pipeline, dubbed Prairie Connector, could increase Canada’s … Read more
By David French and Shariq Khan Stone Ridge offers around $8 billion for Devon’s Marcellus shale position, sources say The Stone Ridge offer would be supported by largest ever ABS financing in US oil and gas, sources say Devon reviewing its business post-Coterra merger, prioritizing shareholder value and capital allocation Unclear whether Stone Ridge offer … Read more
May 29 (Reuters) – The heads of the International Energy Agency, International Monetary Fund, World Bank and World Trade Organization warned on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest. The U.S.-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over … Read more
CALGARY, AB, May 29, 2026 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2026. The selected financial and operating information provided below should be read in conjunction with Westgate’s unaudited consolidated financial statements and … Read more
By Erwin Seba Brent and WTI register steepest weekly losses since April US-Iran ceasefire deal not finalised US crude, gasoline and distillate stockpiles fell last week -EIA HOUSTON, May 29 (Reuters) – Oil futures fell more than 2% on Friday, closing out their steepest weekly decline since early April as traders awaited word that the … Read more
Canada’s main stock index gained ground while U.S. markets continued to push into record territory as the U.S. and Iran were reportedly working toward a deal to extend a ceasefire.
“We’re still rallying on the increasing likelihood that the conflict …
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth straight week, for the first time since May 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four to 562 … Read more
(Reuters) – A political understanding has been reached between Iran and the United States over the Iran war, but it has not yet been finalised, a senior Iranian source told Reuters on Friday. The source said U.S. Donald Trump’s claim that uranium would be unearthed by the U.S. was not true, adding that the possible … Read more
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta–(Newsfile Corp. – May 29, 2026) – Trans Mountain Corporation (“Trans Mountain” or TMC” or “the Company”) today announced its financial and operating results for the first quarter of 2026. “Trans Mountain continues to play an important role in moving Canadian crude oil to … Read more
By Kenneth P. Green Earlier this month, the federal government rolled out Powering Canada Strong: A National Strategy for an Electrified Canadian Economy (a.k.a. “Powering Canada”), a grand strategy for Canada’s power systems. The new strategy, to be positive, has a lot of—conceptually—good things in it. The basic premise of the plan is that, in the future, Canada … Read more
Experts say it’s anyone’s guess whether the relief Canadians have been feeling at the pumps over the past week will last into June.
Data from energy analytics website GasBuddy shows the cost of fuelling up has been dropping for the last 10 days to abo…
By Heidi Taksdal Skjeseth Norway is putting pressure on the European Union to remove a moratorium on new oil and gas drilling in the Arctic where almost two thirds of its petroleum resources lie. Norwegian politicians, civil servants, and environmental and industry lobbyists are increasingly visiting Brussels to influence EU institutions as the bloc gears … Read more
By Kevin Crowley, Annmarie Hordern, and Jonathan Ferro Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer Mike Wirth said. “There still has been … Read more
LETHBRIDGE, AB: The Canadian Taxpayers Federation is calling on new Finance Minister Jason Nixon to cut Alberta’s fuel tax immediately. “Nixon has a chance to start things off right with taxpayers and saving them about $15 every time they fill up at the gas pump would be a great first step,” said Kris Sims, CTF Alberta … Read more
The United States and Iran have reached an agreement to extend a ceasefire, allow shipping through the Strait of Hormuz and lift a U.S. blockade and some sanctions on Iran, sources told Reuters, but the deal has not been finalised. An agreement would represent a big step towards ending a war that has … Read more
CALGARY, AB, May 29, 2026 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead,” or the “Company”) (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Fiddlehead’s unaudited interim financial statements and related management’s discussion … Read more
CALGARY, Alberta, May 29, 2026 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces the successful outcome of its open season, which closed on March 30, 2026, securing 20-year binding commitments for firm transportation service from Hardisty, Alta., to U.S. delivery points. South Bow will continue advancing its … Read more
‘We have a lot of advantages, but we also have a window of opportunity. If we don’t capture this in the next three to five years, others will fill that gap,’ Pembina Pipeline Corp. CEO Scott Burrows said Chris Varcoe Handout photo of liquefaction module, arriving at Squamish Woodfibre LNG site in Squamish, … Read more
Summary Brent projected to average $90.44 per barrel in 2026 WTI projected to average $84.63 per barrel in 2026 (Reuters) – Analysts have increased their 2026 oil price forecasts for the third time since the Iran war began at the end of February, as they cite a months-long timeline for energy flows to normalise to … Read more
Summary Brent and WTI register steepest weekly losses since April U.S.-Iran ceasefire deal not finalised U.S. crude, gasoline and distillate stockpiles fell last week, EIA reports (Reuters) – Oil futures fell nearly 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement … Read more
U.S. lawmakers push for ban on ‘Chinese-connected’ vehicles crossing the border — even on day trips Bloomberg News Chinese-made electric vehicles are beginning to arrive in Canada under a new arrangement that Prime Minister Mark Carney agreed to in January during a visit with China’s President Xi Jinping. The cars will be the first to be imported … Read more
Japanese trading house Mitsui is looking to invest in LNG projects across the Middle East, the U.S. and Australia to meet rising power demand from data centers, Bloomberg News reported on Thursday, citing its CEO Kenichi Hori. The company will consider taking equity stakes or securing supply agreements in LNG and gas chemicals firms, Hori … Read more
Final order for the Transaction granted by the Court of King’s Bench of Alberta CALGARY, AB, May 28, 2026 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) (TSX: SES) is pleased to announce that the Court of King’s Bench of Alberta has granted the final order in respect of the previously announced plan of … Read more
‘Now I think we can do that, but that’s kind of scale of what we’re talking about,’ said John Whelan By Robert Tuttle Alberta’s proposed million-barrel-a-day pipeline to the British Columbia coast will require Canada’s oil industry to invest more than $100 billion, the chief executive of Imperial Oil Ltd. says. Industry will need to … Read more
On May 25, 2026, the Government of New Brunswick released a comprehensive action plan in response to recommendations made through the independent review of NB Power. The Government will act on all 50 of the review recommendations; 44 recommendations were accepted, while six require further analysis. The Atlantica Centre for Energy provided a summary of the Report … Read more
3 Minute History Canada keeps delivering the drama. This week’s episode explodes into the 1956 Great Pipeline Debate — one of the wildest parliamentary brawls in Canadian history. C.D. Howe rammed the TransCanada natural gas bill through on “Black Friday,” sparking shouting matches, scuffles, an MP’s fatal heart attack, and a teenage protester’s fall that … Read more
‘I find myself now in the spot where there’s potentially some extra money coming into the system but it’s likely temporary, just like it was at that time,’ said Jason Nixon By This Article and More by Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-alberta-finance-minister-jason-nixon-wont-open-snding-floodgates-higher-oil-prices When Jason Nixon was first appointed Alberta’s finance minister in June of 2022, … Read more
U.S. forces shot down four Iranian drones fired at a commercial ship By Jennifer A. Dlouhy and Courtney McBride The U.S. struck Iranian military targets for the second time this week and Kuwait said it responded to missile and drone threats, highlighting the fragility of the ceasefire and the challenge of forging a peace accord … Read more
(Reuters) – French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its traders noticed the U.S. Navy amassing ships near the Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday. “Our oil traders — and it’s their job — … Read more
(Reuters) – The U.S. and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran’s nuclear program, but President Donald Trump still needs to give final approval, Axios reported on Thursday, citing two U.S. officials. Reporting by Katharine Jackson and Daphne Psaledakis
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / May 28, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) announces the Company has filed the Financial Results and Management Discussion & Analysis for the three months ended March 31st, 2026. Q1 2026 Financial and Operating Highlights … Read more
(Reuters) – Global investment in natural gas projects is set to rise by more than 10% this year to $330 billion, its highest level in 10 years, while upstream oil spending declines for a third straight year, the International Energy Agency said in a report. As global energy markets remain disrupted by the Iran war, … Read more
Calgary, Alberta–(Newsfile Corp. – May 28, 2026) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2026. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 742% to 6,406 boe/d in Q1 2026 … Read more
CALGARY, AB, May 28, 2026 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint”, or the “Company”) (TSX: RGSI) today announced its results for the fourth fiscal quarter and year ended March 31, 2026. All financial figures are presented in United States dollars (“USD”), unless otherwise noted. “Fiscal 2026 was another milestone year for Rockpoint where the Company continued … Read more
Summary US crude stockpiles fall for sixth week, API data shows Iran’s Revolutionary Guards strike US airbase after US attack in Bandar Abbas Two supertankers exit Strait, heading to India and China (Reuters) – Oil prices jumped more than 2% on Thursday after Iran’s Revolutionary Guards said they had targeted a U.S. airbase in response to an … Read more
Canada’s proposed Ksi Lisims LNG export facility is in talks with several European utilities interested in purchasing liquefied natural gas from the West Coast of Canada, the CEO of Houston-based Western LNG, the lead proponent of the project, said in an interview on Wednesday. Davis Thames said Ksi Lisims expects to be able to announce … Read more
Nova Scotia Premier Tim Houston says he is relinquishing the energy minister role he gave himself as part of his push to turn the province into an energy superpower.
The premier announced the move as part of a larger cabinet shuffle on Wednesday as he…
By Jake Fuss The Growing Debt Burden for Canadians: 2026 Edition Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments. Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has nearly doubled from $1.24 trillion to a projected $2.44 trillion in 2025/26. Between 2019/20 (the last year … Read more
On May 19, 2026, the Government of Newfoundland and Labrador released findings from the Churchill River Independent Review Committee on the Memorandum of Understanding (MOU) signed between Newfoundland & Labrador Hydro and Hydro-Quebec in December 2024 regarding the future of electricity generation on the Churchill River. The Independent Review Committee’s Report: Creating Long-Term Value from the Churchill … Read more
Claire Rattée says communities from Terrace to Kitimat are ready to grow — but unclear policies and permitting delays are getting in the way By Ian Biana Claire Rattée, MLA for Skeena By Resource Works More News and Views From Resource Works Here Claire Rattée represents a vast and diverse region in northwestern British Columbia. … Read more
South Bow will not proceed with a partial revival of the Keystone XL pipeline until it has proof that a U.S. presidential permit is “durable,” the pipeline operator’s CEO, Bevin Wirzba, said on Thursday at the Energy Roundtable conference in Calgary, Canada. The Alberta-to-Wyoming pipeline, proposed by South Bow and its U.S. partner Bridger … Read more
By Nelson Bennett ‘Canada and British Columbia are open for business’ — Natural Resources Minister Tim Hodgson. | Nelson Bennett Photo By Resource Works More News and Views From Resource Works Here Reporters covering this morning’s press conference on a new 20-year offtake agreement between Ksi Lisims LNG and Germany’s SEFE might have wondered what … Read more
CALGARY, AB, May 27, 2026 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce it has entered into a definitive purchase and sale agreement with an arm’s-length counterparty to sell its Charlie Lake assets for cash consideration of $804.0 million, before closing adjustments (the “Transaction”). Net proceeds from the divestiture will initially be directed to eliminate Tamarack’s net … Read more
CALGARY, Alberta, May 27, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more
A standoff between Premier Danielle Smith and her own United Conservative Party on the issue of separation is over — and the premier has won.
Premier Smith and party president Rob Smith had been at odds over where they stand on Alberta staying in Cana…
VANCOUVER, BC, May 27, 2026 /CNW/ – In an uncertain and rapidly shifting global economy, Canada is diversifying our trading partners and securing access to new markets as part of our mission to double non-U.S. trade. We are acting with urgency to retool our economy, get major projects built, and position Canada as a trusted energy supplier to … Read more
Approximately 79% of votes cast at the Meeting were voted in favour of the Transaction CALGARY, AB, May 27, 2026 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) (TSX: SES) announced that SECURE shareholders (“Shareholders”) have overwhelmingly voted in favour of the previously announced transaction (the “Transaction”) with GFL Environmental Inc. (“GFL”) at the Corporation’s … Read more
(Reuters) – Tehran would restore shipping through the Strait of Hormuz to pre-war levels within a month in a framework deal with the U.S. to also include withdrawing U.S. forces from Iran’s vicinity, Iranian state television reported on Wednesday. The report said the U.S. would end a naval blockade of Iranian shipping, citing a memorandum … Read more
May 27 (Reuters) – Intercontinental Exchange, one of the world’s biggest operators of trading platforms, reported on Wednesday record liquidity across its global natural gas and power markets, including for North American natural gas. The impact of the Iran war, which has led to the effective closure of the Strait of Hormuz, has led to … Read more
Delayed grid infrastructure and turbine backlogs leave immediate power demand unmet CALGARY, Alberta (May 27, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Time to Power | Big Generations’ Achilles’ Heel, highlighting how speed-to-power constraints are reshaping competition to supply electricity for AI-driven data … Read more
A German utility has signed a long-term agreement to buy one million tonnes of liquefied natural gas per year from the yet-to-be-built Ksi Lisims project in northern British Columbia as European countries look to lock down reliable fuel supplies in a …
Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from … Read more
Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar’s credentials as a safe-haven. Here’s a look at some stand-out winners and losers. OIL’S … Read more
NEW YORK, May 27, 2026 /PRNewswire/ — Kimmeridge, an alternative asset manager focused on the energy sector and the beneficial owner of approximately 7% of the outstanding common shares of Advantage Energy Ltd. (TSX: AAV) (“Advantage” or the “Company”), today issued the following statement regarding Advantage’s announced return of capital framework. Mark Viviano, Managing Partner at Kimmeridge, … Read more
Calgary, Alberta–(Newsfile Corp. – May 27, 2026) – Prospera (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“) is pleased to announce its operational and financial results for the three months ended March 31, 2026. The quarter combined three storylines that, taken together, reposition the Corporation for the Luseland development program now underway: … Read more
(Reuters) – Oil prices fell around 3% on Wednesday as traders weighed up progress in U.S.-Iran peace talks against renewed hostilities. Brent crude futures fell $2.67, or 2.68%, to $96.91 a barrel by 1139 GMT, while U.S. West Texas Intermediate (WTI) crude lost $3.43, or 3.65%, to $90.46 a barrel. The losses dented Brent’s gains … Read more
$10B complex to produce one of the world’s most widely used recyclable plastics By Will Gibson Dow Canada president Skya Kruithof. Photo for the Canadian Energy Centre Dow Canada president Skya Kruithof has spent much of his career in the United States, but says that as a Canadian, he’s “extremely proud” of what the company … Read more
New Brunswick’s government says the new consumer advocate office it will create will better represent residents and small businesses at the province’s power rate-setting body.
The Liberals on Tuesday tabled a pair of bills that would create an energy…
A deal to supply Canadian liquefied natural gas to Germany would be a key step toward the partners behind the Ksi Lisims project deciding to go ahead with their $10-billion West Coast plant and export terminal, British Columbia Premier David Eby said …
Nova Scotia’s premier says his government is about to start negotiations with a company that could frack for natural gas in the province.
Tim Houston told reporters Monday that seven companies responded to a call for firms interested in natural gas ex…
The gas will be shipped from the Ksi Lisims project, a $10 billion floating export facility that has already received regulatory approval By Brian Platt Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia, according to people familiar with … Read more
Former cabinet minister Steven Guilbeault is set to resign as a member of Parliament, sources have told The Canadian Press.
Guilbeault is expected to inform the Liberal caucus on Wednesday.
Guilbeault has become increasingly disillusioned in recent mo…
(Reuters) – The U.S. and Iran are discussing a plan to open the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities, the Nikkei newspaper reported on Monday citing a Middle East diplomatic source. Iran would proceed to clear mines from the strait during a 30-day window following … Read more
Calgary, Alberta–(Newsfile Corp. – May 26, 2026) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2026. Selected financial and operating information is outlined below and should be read with Lycos’ unaudited condensed interim consolidated financial statements and related management’s … Read more
By Kevin Crowley, Jennifer A Dlouhy, Fabiola Zerpa, and David Wethe Exxon Mobil Corp. and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago. Both companies are in active negotiations with President Delcy Rodríguez’s … Read more
There’s no pipeline without Pathways and no Pathways without a pipeline.
That was the quid pro quo spelled out in a sweeping energy accord signed between Alberta and Ottawa in November.
Alberta is spearheading early planning and regulatory work on a…
US energy firm Northern Oil & Gas Inc. agreed to acquire a stake in Canadian oil and gas properties, its first foray into international assets. Northern will pay Parallax Energy Operating Inc. C$350 million ($254 million) in cash and stock for a 25% interest in oil-producing properties and tens of thousands of acres in the Duvernay shale basin in … Read more
HIGHLIGHTS NOG makes strategic entry into Canada with inventory-rich light oil acquisition in the Duvernay Shale for a CA$350 million (~US$259 million) initial unadjusted purchase price Operated ‘buy-down’ acquisition of a 25% non-operated stake in light oil producing properties with significant undeveloped inventory in Alberta, Canada in the Duvernay East Shale Basin operated by Parallax … Read more
Summary Brent rises, WTI falls owning to settlement price mismatch US Secretary of State says negotiating deal could ‘take a few days’ Some oil, LNG tankers have passed through strait in recent days, shipping data shows (Reuters) – Brent crude oil rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, … Read more
If this was a poker game, the stakes are large and the next few hands will be essential in the coming weeks By This Article and More From Chris Varcoe Here Original: https://financialpost.com/opinion/columnists/varcoe-danielle-smith-open-conversations-stimulating-investment-new-oilsands-projects/wcm/3c2c125b-871f-458f-bd28-e5ad3bd08df6 It was almost 30 years ago when Jean Chretien’s federal government reached a historic understanding with Ralph Klein’s Alberta government and the … Read more
The project spearheaded by five of the largest oilsands companies would capture carbon dioxide and transport it more than 400 kilometres By Brian Platt Energy Minister Tim Hodgson said he’s “highly confident” that Alberta oil sands companies can absorb the cost of building carbon capture, despite their protests that Canada’s climate rules hurt their global … Read more
(Reuters) – U.S. President Donald Trump said on Monday that he asked Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan to join the Abraham Accords en masse to normalize relations with Israel as he tries to negotiate an agreement to end the war with Iran. Pakistan rejected the proposal. None of the other countries has … Read more
(Reuters) – Canadian Prime Minister Mark Carney said on Monday that Alberta’s planned vote on potentially breaking away from the rest of Canada, while not binding, could become “a dangerous bluff” and that asking such questions was “not helpful.” The oil-rich province said last week it would proceed with a non-binding referendum in October … Read more
May 25, 2026 (HALIFAX, NS) – Today Dalhousie University is inviting industry to respond to a second Call for Participation for the Nova Scotia Subsurface Energy Research and Development Investment Program. The program is a provincial initiative to help understand the potential of Nova Scotia’s onshore natural gas deposits and support informed, evidence-based energy and … Read more
Mark Carney warns against footdragging in nation building By Nelson Bennett As Canada embarks on a nation-building exercise akin to China’s Belt and Road Initiative, there will be plenty of naysayers and NIMBYs arguing why something can’t or shouldn’t be built. Prime Minister Mark Carney doesn’t want to hear from them. “We don’t want to … Read more
By Tegan Hill The spike in oil prices fuelled by the Iran war and closing of the strait of Hormuz, a vital energy corridor used to transport one-fourth of the world’s seaborne oil, may help temper the Alberta government’s $9.4 billion budget deficit—or even eliminate it. But that won’t solve Alberta’s budget problem; it will only … Read more
Calgary, Alberta–(Newsfile Corp. – May 25, 2026) – Lotus Creek Exploration Inc. (TSXV: LTC) (“Lotus Creek” or the “Company”) is pleased to announce that the April Operational Update to Shareholders has been posted to the Company’s website and can be accessed via the following link: April Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT: … Read more
This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including earnings before interest, taxes, depreciation and amortization (“EBITDA”) build multiple. For more information see “Non-GAAP and Other Financial Measures” herein. CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: … Read more
A potential deal between Iran and the United States stipulates that the number of ships able to transit the Strait of Hormuz would return to the pre-war level within 30 days, according to Iran’s semi-official Tasnim news agency. The naval blockade must be completely lifted within 30 days according to a memorandum of understanding, … Read more
Iran’s foreign ministry spokesperson said on Monday that conclusions have been reached on many topics discussed in a potential 14-point memorandum of understanding, but this does not mean a deal to end the Middle East war is imminent. The framework is focused on an end to the war and a U.S. naval blockade in … Read more
Pembina Pipeline Corp. says it’s going ahead with its $570-million Heartland extraction plant project.
The 750-million-cubic-feet-per-day straddle plant will extract natural gas liquids under Pembina’s extraction rights on the Yellowhead Pipeline.
It …
Summary Washington cites progress in Iran conflict resolution Trump says there is no rush for Iran deal, US blockade stays Two LNG, one crude tanker cross Strait in recent days, shipping data show (Reuters) – Oil prices fell more than 4% to two-week lows on Monday as optimism grew that the United States and Iran … Read more
May 25, 2026 – A long-simmering “what if” has become a reality in Alberta, with federalists and separatists now on a five-month clock to convince Albertans to either stay in Canada or “start a legal process” for a binding referendum on separation. The UCP government led by Premier Danielle Smith will put a 37-word question … Read more
Summary Washington cites progress in Iran conflict resolution Trump says there is no rush for Iran deal, US blockade stays Two LNG, one crude tanker cross Strait in recent days, shipping data show (Reuters) – Oil prices fell more than 4% to two-week lows on Monday as optimism grew that the United States and Iran … Read more
Westech Industrial is pleased to be attending the 2026 Saskatchewan Oil & Gas Show in Weyburn, Saskatchewan, on June 3 and 4, where industry professionals from across the region will gather to explore technologies, services and solutions for the energy sector. For energy producers, service companies and industrial operators, trade shows like this provide a … Read more
Managing vendor communication shouldn’t be manual. With our new integration with 8am Solutions, Muddy Boots clients can now access an up-to-date list of vendor personnel directly within Muddy Boots, complete with vendor statuses. No more manually entering email addresses. No more guessing who’s approved to complete work. Just select, send, and stay connected. How It … Read more
VISIT BBA HERE Brief Overview of BBA BBA is a Canadian-based, employee-owned engineering consulting firm that has provided specialized expertise to the energy and natural resources sectors for over 45 years. Known for its technical expertise and high-level engineering, the firm focuses on developing sustainable, reliable, and innovative solutions. Key Aspects of BBA Consultants: Core … Read more
Why a comprehensive review of national energy goals is necessary to secure Canada’s economic and sovereign future By Jim Rushton Premier David Eby and federal Energy and Natural Resources Minister Tim Hodgson announce a new agreement tied to LNG Canada Phase 2 and major resource development projects in British Columbia. | Province of British Columbia … Read more
By Kenneth P. Green Last year, the Carney government and Smith government in Alberta adopted a memorandum of understanding (MOU) to “strengthen energy collaboration and build a stronger, more competitive, and more sustainable economy.” That MOU recently took a large step forward with an additional agreement clarifying elements of last year’s pact. In broad strokes, the original MOU struck … Read more
Prime Minister Mark Carney on Friday stressed Alberta’s importance to Canada, a day after the oil-rich province announced a non-binding referendum on whether its residents want to remain in the country. The largely symbolic move could pose a major challenge for Carney, who is pushing for national unity in the face of U.S. tariffs and … Read more
(Reuters) – U.S. oil operators in North Dakota are moving cautiously on ramping up drilling despite a sharp rise in oil prices driven by the Iran war, as companies wait to see if higher prices will last long enough to justify new investment, the state’s regulator said on Friday. While elevated prices have improved near-term … Read more
Barclays is maintaining its 2026 average Brent crude oil price forecast at $100 a barrel though risks are skewing higher, the bank said in a note on Friday.In trading on Friday, Brent futures were at about $105 a barrel as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks, while the key Strait … Read more
CEO says he ‘definitely would consider’ backing a new pipeline to Canada’s west coast By Thomas Seal and Katie Greifeld Enbridge Inc. “definitely would consider” backing a new oil pipeline to Canada’s west coast, its chief executive said, giving an early vote of confidence hours after Prime Minister Mark Carney signed an energy deal with … Read more
By Patrick Sykes The US and Iran have been locked in a stalemate since agreeing to a ceasefire in April. They’ve been unable to reach a deal to end a monthslong war that has killed thousands of people and sparked a global energy crunch. Tensions remain high as Iran maintains a tight grip on shipping … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the fifth week in a row for the first time since February 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by seven … Read more
By Ahmad Ghaddar and Olesya Astakhova Seven members likely to raise target by 188,000 bpd, sources say Most cannot meet targets due to Hormuz closure Group-wide OPEC+ policy expected to remain unchanged LONDON, May 21 (Reuters) – Seven leading OPEC+ oil-producing countries will likely agree to a modest hike to July output when they meet … Read more
Letter was sent to PM prior to latest pipeline agreement with Alberta By Valérie Gamache Liberal MP Steven Guilbeault may be the most outspoken, but he’s not the only member of his party unhappy with Prime Minister Mark Carney’s environmental rollbacks. Carney signed a new agreement with Alberta Premier Danielle Smith last week that could … Read more
May 22 (Reuters) – Ukrainian forces have attacked a Russian oil refinery in Yaroslavl, some 700 km (435 miles) from the Ukrainian border, President Volodymyr Zelenskiy said on Friday, the latest in a series of strikes by Kyiv on oil facilities in Russia. “In particular, overnight, the Defense Forces of Ukraine operated against targets associated … Read more
By Erwin Seba Rubio says more work needed in Iran talks despite some progress Iran, US maintain opposed on Tehran’s uranium, Strait of Hormuz OPEC+ expected to increase July oil output, sources say WTI, Brent headed for weekly losses HOUSTON, May 22 (Reuters) – Oil prices climbed on Friday, as investors worried that the U.S. … Read more
(Reuters) – China’s gas destocking signals stronger LNG imports ahead of winter, reinforcing upside risks to European gas prices, particularly if disruptions to Hormuz energy flows persist, Goldman Sachs said in a note on Thursday. The bank said that China’s April gas demand was marginally down year-over-year at 379 billion cubic meters per year (Bcm/y) … Read more
Retail sales rose 0.9 per cent to $72.7 billion in March as higher gas prices boosted overall sales for the month, Statistics Canada said on Friday.
Sales at gas stations and fuel vendors rose 12.4 per cent as the attack on Iran by the U.S. and Israel…
Summary Iran, U.S. maintain opposing stances on Tehran’s uranium stockpile, Strait of Hormuz OPEC+ leaders expected to up July oil output target, sources say WTI, Brent headed for weekly losses (Reuters) – Oil prices climbed on Friday as investors doubted the prospect of a breakthrough in U.S.-Iran peace talks, but held on track for a … Read more
Gary Mar: Canada has spent much of the past decade sending mixed signals to investors interested in major energy infrastructure projects By Gary Mar Canada has spent much of the past decade sending mixed signals to investors interested in major energy infrastructure projects. Northern Gateway was approved and then cancelled. Energy East was abandoned after … Read more
Without Hardisty, Alta., there would be no gas for your car, asphalt for roads, jet fuel for jaunts or billions in oil revenues flowing to Alberta and Ottawa. It might be a tiny dot on the map, but its impact on Canada’s welfare is massive By Joe O’Connor This story originally appeared in … Read more
By Alex Whalen Last week, Nova Scotia’s offshore energy regulator granted Inceptio Oil and Gas Ltd., a British energy company, the right to explore for oil and gas in two areas of the province’s ocean floor. Premier Tim Houston has emphasized the need for greater development of Nova Scotia’s natural resources to drive income growth … Read more
Over the last 30 years, North America’s oil and natural gas pipeline industry has undergone a major technological transformation. Modern pipelines are dramatically safer, more durable, and more closely monitored than the systems built in the mid-20th century. Advances in metallurgy, welding, leak detection, automation, digital monitoring, and integrity management have significantly reduced the risk … Read more
By Nathan Cullen Why Floor Crossing Reveals the Character Flaws of Our Politics and Makes Us All a Little More Cynical Politicians mistakenly credit their merit alone for their electoral victories, which can often become a self-serving myth. They forget that politics is a team activity. Most voters choose the party, leader, or broader issues, … Read more
Canada’s oil-rich province of Alberta will proceed with a non-binding referendum in October on whether its residents want to remain part of Canada, Premier Danielle Smith said Thursday, a largely symbolic move that could still pose a major challenge for Prime Minister Mark Carney. The ballot box question will not trigger separation, Smith said, but … Read more
By Julio Mejía and Elmira Aliakbari The Smith and Carney governments recently reached an agreement on the next steps for a potential new pipeline that could connect Alberta oil and gas to Asian markets. But the price Alberta will pay is steep: a higher industrial carbon tax and renewed support for the costly Pathways carbon-capture project, … Read more
Premier Danielle Smith announced Thursday that Albertans will be going to the polls Oct. 19 to vote on whether there should be a future binding referendum on the province quitting Canada.
Here’s a timeline of pivotal moments in Alberta’s separatism de…
By Jennifer A Dlouhy The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest. The recent changes to Venezuela’s oil law intended to entice foreign drillers still give the government wide latitude to … Read more
(Reuters) – Canada has become more attractive for oil and gas investment under Prime Minister Mark Carney although the cost of doing business remains a challenge that could limit long-term energy sector growth, industry executives said on Thursday. Oil and gas companies, which have long complained that onerous federal regulations and environmental policies in Canada … Read more
(Reuters) – A diplomatic deal between the United States and Iran would be unfeasible if Tehran implemented a tolling system in the Strait of Hormuz, U.S. Secretary of State Marco Rubio told reporters on Thursday. “No one in the world is in favor of the tolling system. It can’t happen. It would be unacceptable. It … Read more
Karen Graham on how a pragmatic new approach from Ottawa may pressure British Columbia… By Karen Graham Karen Graham, Chair, Resource Works Advisory Council By Resource Works More News and Views From Resource Works Here Between May 7 and 17, Canadians were presented with a head-spinning set of policy changes (by usual government standards) regarding … Read more
Canada’s Energy Moment Has Arrived With Canada’s energy agenda moving faster than it has in a generation, the past month alone tells the story. A federal-provincial pipeline agreement to the Pacific coast, Enbridge’s $4 billion Sunrise Expansion approved, Shell’s $22 billion acquisition of ARC Resources bolstering LNG Canada Phase 2, and Keyera’s $5.3 billion midstream … Read more
With airline tickets growing more expensive and customers facing the risk of cancelled flights, insurance experts are advising those with summer travel plans to stay on their toes.
Air carriers are continuing to grapple with sky-high jet fuel costs, a…
The oil industry has shown remarkable resilience in the face of the largest energy supply shock in modern history, pulling multiple levers to cushion the blow of the Iran war. But barring a breakthrough in peace talks, the global market may be only months away from a breaking point. The world’s biggest and most liquid … Read more
By Reuters (Reuters) – The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the “red zone” in July-August, the head of the International Energy Agency said on Thursday without elaborating. The world entered the oil supply crisis … Read more
Summary ADNOC chief Jaber’s outlook among most pessimistic for return to normal Hormuz traffic Mideast war and Iran blockade have disrupted one-fifth of global oil flows Jaber urges renewed investment to strengthen global energy supply chains (Reuters) – Full oil flows through the Strait of Hormuz will not return before the first or second … Read more
Summary Supreme Leader says enriched uranium must stay in Iran, Iranian sources say Pakistan steps up diplomatic bid to get US-Iran peace talks on track US withdrew biggest oil drawdown on record from SPR last week Europe’s economy hit hard as energy price shock stifles demand (Reuters) – Oil prices rose over 1% on Thursday … Read more
In the oil sands industry, a greenfield investment refers to building a brand-new production facility from scratch on undeveloped land, whereas a brownfield investment involves expanding, altering, or upgrading an existing, operational facility. Direct Comparison of Oil Sands Investments Feature Greenfield Investment Brownfield Investment Definition Building a new facility from scratch. Expanding or modifying an … Read more
By Jim Warren The May 15 signing event for the updated pipeline MOU included the announcement of changes to the original November 27, 2025 agreement. Mainstream media personalities such as CBC Rosemary Barton have celebrated those changes, claiming they have advanced the noble cause of cooperative federalism. Everything is kittens and rainbows now thanks to … Read more
By Annika Segelhorst and Elmira Aliakbari In 1971 and 1972, NASA sent some of its top astronauts to Sudbury, Ontario as part of its training for the Apollo missions. Why? Decades of air pollution had killed the area’s trees and grasses, exposing a unique crater geology and leaving Sudbury looking like a suitable substitute for the moon. Almost … Read more
Growing demand for heavy oil and LNG strengthens the case for more West Coast exports By Grady Semmens An oil tanker anchored outside the Westridge Marine Terminal in the Port of Vancouver, at the end of the Trans Mountain pipeline. CP Images photo Growing global demand for secure, reliable energy is creating a major opportunity … Read more
Calgary, Alberta–(Newsfile Corp. – May 20, 2026) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read in conjunction with Tuktu’s unaudited interim condensed financial statements and related management’s discussion and analysis … Read more
by Yogi Schulz Alberta Premier Danielle Smith and Prime Minister Mark Carney signed an MOU Implementation Agreement on May 15, 2026, that outlines various commitments and a timeline for approval of the UCP government’s much-sought-after crude oil pipeline to the West Coast. The agreement also advances Carney’s dreams of pulling Canada out of the U.S. … Read more
Investment in ACE Rail Terminal to strengthen Canada’s energy competitiveness, expand access to global markets and support long-term economic growth CALGARY, AB, May 20, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”), AltaGas Ltd. (TSX: ALA) (“AltaGas”) and CN (TSX: CNR) (NYSE: CNI) today announced plans to advance the Alberta Corridor Export (“ACE”) Rail Terminal Project (the “Project”), a strategic Canadian … Read more
By Tegan Hill Premier Danielle Smith and Prime Minister Mark Carney recently reached a deal on the memorandum of understanding (MOU), which addresses several damaging federal policies holding back Canada’s energy industry and sets the conditions for a west coast pipeline. At the same time, a recent court ruling struck down the petition to hold a separation referendum in … Read more
Delayed Qatari capacity recovery is forecast to reshape LNG trade flows and energy security strategies worldwide CALGARY, Alberta (May 20, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Global Gas and LNG | Qatari Outage Fixes Oversupply, examining the long-term implications of the Qatar … Read more
By Florence Tan and Jonathan Saul Crude tanker sailings through strait still small – data Industry guidance shows high risks with every crossing Uncertainty remains over conditions in the Gulf SINGAPORE, May 20 (Reuters) – Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the … Read more
(Reuters) – U.S. President Donald Trump is discovering – yet again – just how unforgiving and powerful bond markets can be. A global selloff has swept through sovereign debt markets, as rising inflation has driven yields on long-dated bonds to their highest levels in decades. The 30-year U.S. Treasury yield on Wednesday hit 5.20%, the … Read more
(Reuters) – The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-metre-long Agios Fanourios I, laden with Iraqi crude oil and bound for Vietnam, had been bottled up off the coast of … Read more
(Reuters) – A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday. Iran has largely kept the waterway critical for global oil and gas supplies shut to … Read more
(Reuters) – Saudi Arabia’s crude oil exports in March fell to 4.974 million barrels per day from 7.276 million bpd in Feb, official data showed on Wednesday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published … Read more
Summary Trump and Vance talk up Iran deal prospects Another two oil tankers exit Strait of Hormuz Official U.S. stockpiles data due at 1430 GMT (Reuters) – Oil prices lost about 3% on Wednesday after U.S. President Donald Trump again asserted that the Iran war will end “very quickly”, though investors remain wary about the outcome of peace … Read more
Author: Clara Yuan (Process Engineer), Fluor Canada Ltd. Over the past several decades, implementing carbon capture technology as a form of emissions abatement has become an increasingly common consideration for many industries. This includes industries like power generation, which continue to rely on traditional fossil fuels based on the advantages they present over renewable energy … Read more
A renewed Keystone XL pipeline could deepen Canada’s dependence on the U.S. market, not diversity exports By Daniel Trainer Original: financialpost.com/commodities/energy/oil-gas/how-keystone-came-back-from-the-dead Keystone XL was supposed to be dead. After years of political fights, legal challenges and environmental opposition, then-United States president Joe Biden revoked the cross border permit for the pipeline in 2021. TC Energy … Read more
By William Lacey Decarbonizing a barrel has to be one of the dumbest phrases I have heard, especially when it doesn’t actually have anything to do with the barrel itself. We are the ONLY nation in the top 10 oil producers who has a self imposed carbon tax. Moreover, producers will pay to “decarbonize” their … Read more
The targeted timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline is ambitious, with many obstacles yet to clear, analysts at CIBC World Markets wrote in a recent report. The province aims to submit a proposal to the federal major projects office by July 1, … Read more
3 Minute History Canada continues its high-octane ride through Canadian energy history. This week’s episode dives into the epic 1951–1953 construction of the original Trans Mountain Pipeline — 1,150 km of pure grit carved through the Rocky Mountains during the Korean War. Facing steel shortages and brutal terrain, surveyors mapped insane routes by foot and … Read more
By Lennie Kaplan With the third anniversary of Premier Danielle Smith’s net zero emissions (Alberta NZE) agenda, known as the Alberta Emissions Reduction and Energy Development Plan (EREDP), come and gone, it appears the Alberta government has no intention of publishing a comprehensive public progress report on NZE implementation. These are among the key insights … Read more
By Paul Allen and Keira Wright Australia’s vast shale gas resources give the nation an edge in the global energy sector, especially at a time when the Iran war is constraining supplies across the world, according to Texas-based investor Bryan Sheffield. The Middle East conflict, which has disrupted gas supplies and lifted prices, is pushing … Read more
Canada’s main stock index moved lower in trading on Tuesday, weighed down by losses in the battery and base metals sectors, while U.S. markets also fell.
The S&P/TSX composite index was down 92.11 points at 33,741.24.
In New York, the Dow Jones indust…
By Mathias de Rozario and Jerome Terroy May 19 (Reuters) – The tanker market is booming, but whether reopening the Strait of Hormuz would send freight rates soaring or crashing is still uncertain, the head of Belgian tanker firm CMB.Tech (CMBT.BR) said on Tuesday. One of the prevailing views is that a reopening would trigger … Read more
By Stephanie Kelly and Shadia Nasralla Shell CEO Wael Sawan says oil demand will remain essential for decades Shareholder climate resolution gets 13% support, according to initial results LONDON, May 19 (Reuters) – Shell (SHEL.L) shareholders knocked back a climate activist resolution at Tuesday’s annual general meeting, in a resounding show of support for CEO … Read more
Proposed transaction expected to more than triple production to 4,500 BOE/d and more than double self-powered off-grid compute capacity to 35 MW Company plans to expand off-grid compute beyond bitcoin mining into high-density HPC and AI CALGARY, Alberta, May 19, 2026 (GLOBE NEWSWIRE) — New West Data Corp. (“New West Data”), North America’s first vertically integrated oil … Read more
(Reuters) – Russia and China are ready to support each other on a wide range of issues, including national unity and protection of sovereignty, President Vladimir Putin said in a video address ahead of a visit to China starting on Tuesday. Relations between Russia and China have reached an ‘unprecedented level’ of mutual understanding and … Read more
Across North America, data centers have moved from being a background part of the digital economy to one of the most important pieces of modern infrastructure. They support cloud computing, online banking, streaming, ecommerce, government systems, scientific research, and now artificial intelligence. Their rapid expansion is creating major economic opportunities, but it is also … Read more
Summary Trump said on Monday he had paused a planned resumption of attacks on Iran Iran seeks lifting of sanctions, release of frozen funds, end to US marine blockade US extends sanctions waiver on Russian seaborne oil (Reuters) – Oil prices fell on Tuesday, with global benchmark Brent crude dropping 1.5%, after U.S. President Donald … Read more
Higher gas prices driven mainly by the war in Iran pushed inflation higher in April but some economists argue the conflict’s looming costs haven’t been fully captured in the latest price data.
Inflation rose to 2.8 per cent in April, Statistics Canada…
By Nelson Bennett Prime Minister Mark Carney and Danielle Smith were all smiles last week when they signed a new agreement setting the price for industrial carbon taxes in Alberta. Pipeline and $20 billion carbon capture project to follow. At least that’s the plan. But the folks who would actually pay for all this – … Read more
By Kasha Piquette When I landed in Venezuela earlier this month, I expected the usual signs of a country caught between collapse and possibility. Instead, I found something harder to measure but impossible to miss, like energy, warmth and ambition. I know what a society in transition feels like. I was born in Poland behind … Read more
By: Joseph Quesnel Recent problems at the Strait of Hormuz reveal stark realities about Canada’s energy security. The U.S. Energy Information Administration reports 20 to 21 million barrels per day—roughly 21 per cent of global petroleum—pass through this chokepoint. Rising tensions and Iranian threats highlight how vulnerable global energy markets remain. When drone attacks struck Saudi Arabia’s … Read more
HOUSTON (Reuters) – A record 9.9 million barrels of oil were shipped out from the U.S. Strategic Petroleum Reserve last week, data from the Department of Energy showed on Monday, pushing the total volumes in the U.S. government’s emergency stash to about 374 million barrels, its lowest since July 2024. The Trump administration is … Read more
Venezuela’s Oil Minister Paula Henao reacts at Miraflores Palace in Caracas, Venezuela, March 13, 2026. REUTERS/Gaby Oraa Summary Venezuela’s new oil minister, Paula Henao, to meet US oil firms US plans $100 billion investment to revive Venezuela’s oil sector after Maduro’s ouster US officials stress Venezuela’s key role in Western Hemisphere energy security HOUSTON (Reuters) … Read more
The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming nations turn to increasingly opaque deals with Tehran and Gulf producers to secure supplies. Since the outbreak of the war on February 28, roughly a fifth of global … Read more
Birol, who is participating in the Group of Seven finance leaders meeting in Paris, told reporters that the release of strategic oil reserves had added 2.5 million barrels of oil per day to the market, but said these reserves “are not endless”. The onset of the spring planting and summer travel seasons in the northern hemisphere … Read more
May 18 (Reuters) – NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world’s largest regulated electric utility by market value, as U.S. utilities race to meet surging demand from data centers fuelling the artificial intelligence boom. The deal, one of the largest in the U.S. power industry, adds … Read more
Calgary, Alberta–(Newsfile Corp. – May 18, 2026) – Prospera Energy (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“) is pleased to provide an operational update across its core Saskatchewan heavy oil portfolio, announce its May 2026 Corporate Update Conference Call, and highlight continued industry recognition through its participation in The Energy Year – Canada … Read more
Negotiations are set to ramp up between both governments and the Oil Sands Alliance on a multibillion-dollar Pathways carbon capture network in northern Alberta By Chris Varcoe • Calgary Herald This Article & More by Chris Varcoe Here From pipe dream to a real prospect, Alberta’s ambitious proposal to see a new oil artery built to the Pacific … Read more
Summary UAE reports drone attack on Barakah nuclear power plant Saudi Arabia intercepts three drones from Iraqi airspace Trump expected to discuss military options on Tuesday US allows lapse of sanctions waiver on Russian seaborne oil (Reuters) – Oil prices extended gains on Monday, driven by increasingly bleak prospects for peace in the Middle East … Read more
In today’s oil and gas facilities, digital instrumentation plays a major role in how operators monitor, control, and optimize their processes. Pressure transmitters send critical data back to control rooms, automation systems, and remote monitoring platforms, allowing teams to track conditions across complex operations. But even with advanced electronic monitoring, there is still an important … Read more
TrueFlow Technologies is a newly incorporated company with proven & ground-breaking technology that focuses solely on the multiphase flow measurement market as it relates to the Oil & Gas industry. The DIP Multiphase Flow Meter is a unique & disruptive technology offering accurate and reliable measurement across all well flow regimes. Whether the well is … Read more
Economists expect the annual pace of inflation topped three per cent for the first time since 2023 in April as Statistics Canada’s consumer price index reflects the full weight of the Iran war energy shock.
The agency is set to publish fresh inflation…
Five things to watch for in the Canadian business world in the coming week:
Inflation
Statistics Canada will release its April reading for inflation on Tuesday when it publishes its consumer price index for the month. The annual rate of inflation rose…
UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move DUBAI, May 16 (Reuters) – The United Arab Emirates’ decision to withdraw from OPEC and OPEC+ was a sovereign and strategic choice based on a comprehensive assessment of its production policy and future capabilities, the UAE energy minister, Suhail Al Mazrouei, said on … Read more
CALGARY, AB, May 15, 2026 /CNW/ – Today the Alberta and Canadian governments announced their bi-lateral agreement on the implementation of a revised industrial carbon tax and other matters related to their November 27, 2025 Memorandum of Understanding (the “MOU”). Oil Sands Alliance appreciates the further clarity of that agreement and is reviewing it carefully. The announced industrial … Read more
Statement from Lisa Baiton, CAPP President & CEO: “CAPP shares the priorities outlined by Prime Minister Carney and Premier Smith in the Canada-Alberta Memorandum of Understanding (MOU) to grow oil and natural gas production, build new export infrastructure, protect our competitiveness, and lower emissions. Canadians understand the urgency and speed with which we must move to face the twin challenges of a historic energy crisis and the rapid shifting of our … Read more
Shovels could hit the ground on a new West Coast oilsands pipeline as early as September 2027, the federal and Alberta governments said Friday, after they announced a plan to gradually increase the province’s effective industrial carbon price to at le…
Markets in Toronto and New York retreated on Friday as rising global oil prices and fears of higher inflation shook the global bond market.
“Rising bond yields from Japan to North America were one of the major headwinds for equity markets around the g…
OTTAWA, ON: The Canadian Taxpayers Federation is sounding the alarm over today’s Canada-Alberta Implementation Agreement for hiking the industrial carbon tax. “Politicians should be getting rid of carbon taxes, not hiking them,” said Franco Terrazzano, CTF Federal Director. “It doesn’t matter how politicians dress up their carbon taxes, all carbon taxes make life more expensive and make Canadian … Read more
CALGARY, AB, May 15, 2026 /CNW/ – The world is changing rapidly. In response, Canada’s new government is focused on what we can control: building an affordable, competitive, and sustainable Canadian economy. To that end, we must build our strength at home and diversify our export markets abroad. To advance these shared missions, in November, Canada and … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since September 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by three … Read more
Summary Agreement Signing: The implementation agreement for the West Coast oil pipeline signed today, outlines a pathway to construction beginning as early as September 01, 2027. Pipeline Submission: Alberta will submit the comprehensive pipeline proposal to the Federal Major Projects Office (MPO) by July 01, 2026.(Canada Day). Project Designation: Canada will pursue national interest designation … Read more
Q&A with Brad Gilmour, Osler, Hoskin & Harcourt LLP By Deborah Jaremko Oil and gas drilling in central Alberta, fall 2025. Photo supplied to the Canadian Energy Centre A new agreement between Alberta and Ottawa aims to address long-standing concerns about how major projects including oil sands, pipelines and carbon capture are reviewed. It supports recently introduced provincial … Read more
May 14 (Reuters) – A Texas jury on Wednesday found Exxon Mobil (XOM.N) not liable on claims it defrauded investors through disclosures tied to its Canadian oil sands and Rocky Mountain gas operations. The 2016 lawsuit alleged Exxon concealed that its Canadian bitumen operations were losing money, failed to properly incorporate carbon-cost assumptions into reserve … Read more
Summary Brent and WTI set for hefty weekly gains More vessels have been crossing Strait of Hormuz Ship attacks and seizures remain a worry Trump says he is running out of patience with Iran Iran says it is prepared to resume fighting (Reuters) – Oil prices gained more than 3% on Friday, climbing over $3 … Read more
The UAE and Saudi Arabia are the only major Gulf oil producers able to get significant quantities to market during the war By Anthony Di Paola The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping … Read more
Transat AT Inc. says high jet fuel prices added $70 million in additional costs for March and April compared with the same months last year.
The travel company says fuel surcharges have only marginally offset the higher costs because a large portion o…
(Reuters) – President Donald Trump said on Friday he discussed Chinese oil companies that have been sanctioned for buying Iranian oil and will make a decision about whether to lift bans in the next few days. The U.S. recently imposed sanctions on several Chinese oil refiners for buying Iranian oil, including Hengli Petrochemical, one of … Read more
The Carney-Smith deal to be announced on Friday is said to include good news for a pipeline to the west coast By Rick Bell This Article and More by Rick Bell Here We have it. A date. Voices are saying there is a date. The federal government agrees to a date and they commit to using … Read more
VANCOUVER, BC, May 15, 2026 /CNW/ – Canada is embarking upon a once-in-a-generation era of building a stronger, more secure, more sovereign nation. This offers a historic opportunity to advance reconciliation and fundamentally transform our relationship with Indigenous Peoples through collaboration, consultation and a focus on placing Indigenous ownership at the heart of natural resource development. British … Read more
Statistics Canada says manufacturing sales rose three per cent in March to $73.6 billion, the highest level since January last year, boosted by higher energy prices.
The agency says sales rose in nine of the 21 subsectors it tracks, led by the petrole…
CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the first quarter of 2026. The Company’s interim financial statements for the three months ended March 31, 2026 and related Management’s Discussion and Analysis (“MD&A”) are available on the Company’s website at www.ppr.ca and … Read more
Not for distribution to U.S. news wire services or dissemination in the U.S. CALGARY, AB, May 15, 2026 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces that its board of directors has declared a monthly dividend of $0.0065 … Read more
CALGARY, AB, May 14, 2026 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”) is pleased to announce that the nominees listed in the management proxy circular dated March 27, 2026, were elected as directors of Rubellite. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier … Read more
CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) — Bonterra Energy Corp. (TSX: BNE; OTCID: BNEFF) (“Bonterra” or the “Company”), a Calgary based oil and gas producer, is pleased to announce its financial and operating results for the three months ended March 31, 2026. Bonterra delivered $23.5 million in funds flow ($0.64 per fully diluted share) and brought … Read more
VANCOUVER, BC, May 14, 2026 /CNW/ – Today, the Government of Canada, the Government of British Columbia and LNG Canada reached agreement on enhanced investment co-operation and actions to collectively progress closure of final items to support a potential 2026 Final Investment Decision (FID) of LNG Canada’s proposed Phase 2 expansion, a key national and provincial priority project, … Read more
Since gas prices started climbing in March, Sarah Bradley has found herself bargain hunting across multiple grocery stores in Montreal.
“Before, I’m a one-stop shop person,” she said. “Now I think twice. I’m like, OK, do I need that from IGA or can I …
Prime Minister Mark Carney and Alberta Premier Danielle Smith are to meet today in Calgary, where they’re expected to announce an agreement on the future of industrial carbon emission pricing in the province.
A source with knowledge of the discussions…
Calgary, Alberta–(Newsfile Corp. – May 14, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is pleased to announce it has entered into a definitive agreement with a private company for the disposition of its Countess assets (the “Assets“) for total cash consideration of $7 million, subject to customary closing adjustments. … Read more
St. Albert, Alberta–(Newsfile Corp. – May 14, 2026) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier … Read more
(Reuters) – The proponents behind LNG Canada will make a final investment decision on whether to go ahead with a proposed second phase expansion of the project by the end of this year, Canada’s Natural Resources Minister said Thursday. The Canadian government is working together with British Columbia and the Shell-led LNG Canada to … Read more
British Columbia Premier David Eby says he’s hopeful that LNG Canada will come to a final investment decision at the end of the year that will be the “largest private sector investment in Canadian history.”
Eby and other provincial officials, along wi…
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for June delivery in Hardisty, Alberta settled at $15.30 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.85 on Wednesday. While the discount has narrowed since the start … Read more
The Carney government is putting a new emphasis on diplomacy with Persian Gulf countries — one that goes beyond seeking investments in Canada to arrangements touching on defence and artificial intelligence.
Foreign Affairs Minister Anita Anand made tr…
Prime Minister Mark Carney and Alberta Premier Danielle Smith say they’ll be in Calgary on Friday to announce the next step in their landmark energy pact.
Carney says it will feature an implementation agreement on industrial carbon pricing and advance…
Clean energy advocates say they’re encouraged Ottawa’s upcoming electricity strategy will consider ways government can help finance a massive cross-country buildout in power infrastructure.
A discussion paper laying out the broad strokes of the plan s…
(Reuters) – Canada and the energy-producing province of Alberta will meet on Friday and advance a potential pipeline to transport at least one million barrels of Alberta oil a day to new markets, Prime Minister Mark Carney said on Thursday. Carney, speaking to reporters, also confirmed an earlier Reuters report which said he would also … Read more
OTTAWA, ON, May 14, 2026 /CNW/ – The world is changing rapidly. The United States is upending global trade, wars are ongoing in Europe and the Middle East, artificial intelligence is scaling at speed, and climate change is intensifying. In response, Canada’s new government is focused on what we can control: building an affordable, competitive, and sustainable … Read more
International energy leaders to converge in Calgary, driving millions in economic activity, boosting tourism and reinforcing the region’s role as a global energy hub CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) — Global Energy Show Canada 2026, hosted by dmg events, returns to Calgary from June 9-11, 2026, bringing substantial economic impact to the city and province … Read more
The federal government is planning to adjust the clean electricity regulations to give more flexibility to LNG power plants and help to double Canada’s electricity grid by 2050.
Prime Minister Mark Carney on Thursday unveiled Canada’s long-awaited cle…
Keyera Corp. reported a loss of $122 million in its latest quarter as it saw a large unrealized non-cash loss associated with risk management contracts.
The company says the loss amounted to 53 cents per share for the quarter ended March 31 compared w…
CALGARY, AB, May 14, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) today announced its results for the first quarter ended March 31, 2026. To view Management’s Discussion and Analysis (the “MD&A”) and financial statements, visit either Keyera’s website or its filings on SEDAR+ at www.sedarplus.ca. “Keyera’s first quarter results reflect continued execution of our strategy to extend our integrated … Read more
NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES CALGARY, AB, May 14, 2026 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce its financial and operating results for the three months ended March 31, 2026 and to provide an operational update. The Company also announces that its unaudited interim consolidated … Read more
(Reuters) – U.S. officials raised the prospect of China buying more American energy after Presidents Donald Trump and Xi Jinping held talks in Beijing on Thursday. The White House said Xi expressed interest in buying more U.S. oil to reduce China’s dependence on the Strait of Hormuz in a readout of the two-hour-plus summit … Read more
Summary Trump, Xi begin Beijing talks with trade truce, Iran war in focus China- and Japan-linked oil tankers pass through Hormuz (Reuters) – Oil prices were flat, having erased some earlier gains, on Thursday after Iran’s state media said about 30 vessels had crossed the Strait of Hormuz in recent hours while the semi-official Fars … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed slightly on Wednesday. WCS for June delivery in Hardisty, Alberta settled at $15.85 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.90 on Tuesday. * While the discount has narrowed since the start … Read more
By Jason Chiu AXIS D2123-VE monitoing a solar field Energy operations are often defined by environments that are remote, complex, and difficult to access. From pipelines that span vast geographies to well sites and processing facilities operating under demanding conditions, maintaining consistent awareness is not just a technical challenge – it is an operational requirement. … Read more
The chief executive of ATCO Ltd. says she believes the energy sector can weather an increase in the carbon price, a move some business leaders have said would hurt Canada’s competitive position on the world stage.
“None of us want to have additional …
Canadian Prime Minister Mark Carney will visit Calgary on Friday to announce details of a new deal with Alberta on industrial carbon pricing, a provincial government source and an industry source with knowledge of the plan. Canada and its main oil-producing province of Alberta are on the cusp of a deal to increase the effective … Read more
The minister responsible for energy and climate change solutions in British Columbia says four new windfarms will strengthen the province’s energy sovereignty at a time of rising costs and uncertainty.
Adrian Dix says three projects in the province’s …
The Smith-Carney pipeline MOU, the carbon price fight, the BRIK gambit, and what it all means for British Columbia’s resource economy. By Stewart Muir Danielle Smith walked out of her meeting with Mark Carney last week and changed one word. “If” became “when.” The pipeline memorandum of understanding, signed in November, is moving toward finalization. A … Read more
By Georgina Mccartney HOUSTON, May 13 (Reuters) – Dealmaking in the U.S. upstream oil and gas sector jumped to $38 billion in the first quarter of this year, marking the highest quarterly total in two years, analytics firm Enverus said on Wednesday. Shale producer Devon (DVN.N) and smaller rival Coterra closed on their merger last … Read more
CALGARY, AB, May 13, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today its quarterly cash dividend for the second quarter of 2026 will be $0.54 per common share and will be payable on June 30, 2026, to shareholders of record on June 15, 2026. The ex-dividend date is June 15, 2026. This dividend is an eligible dividend … Read more
CALGARY, Alberta, May 13, 2026 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2026 financial and operational results. Birchcliff is also pleased to announce that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.03 per common share for the quarter ending June … Read more
Canada’s main stock index fell on Wednesday, while U.S. markets were mixed as large tech stocks south of the border saw gains.
“The divergence is what we’ve seen for a while now. It’s the AI and tech story in the U.S. that’s dominating. Semiconductors…
Ottawa and Alberta are closing in on a deal on industrial carbon pricing.
A source with knowledge of the discussions who was not authorized to speak publicly about them tells The Canadian Press the two governments expect to announce an effective carbo…
The Bank of Canada’s governing council says it’s weighing a range of different paths for its benchmark interest rate to cope with inflation risks from the Iran war.
On Wednesday, the central bank released the summary of deliberations that led to its d…
Higher oil prices set to trigger wave of deals as private sales accelerate CALGARY, Alberta (May 13, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its summary of recent U.S. upstream M&A activity and market outlook, highlighting a strong start to 2026 followed by a volatility-driven … Read more
Summary OPEC cuts Q2 oil demand forecast by further 500,000 bpd amid Iran war impact OPEC+ output drops by 1.74 million bpd in April on Hormuz closure Raises 2027 demand growth prediction by 200,000 bpd to 1.54 million bpd (Reuters) – OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining … Read more
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to report record operating and financial results for the first quarter of 2026, and a $0.01 per share (9%) increase to its monthly dividend. Q1 2026 Highlights: Peyto delivered record first quarter production volumes of 147,513 … Read more
Reuters The U.S. Energy Information Administration on Tuesday revised its earlier forecasts to reflect a much bigger and lengthier hit to global oil supplies from the Iran war than it previously projected, highlighting the uncertainty that has roiled broader energy markets since the conflict began three months ago. Energy analysts have found it difficult to … Read more
Summary Supply losses from Gulf producers exceed 1 billion barrels, IEA reports IEA forecasts market to remain undersupplied through Q3 2026 even if conflict ends soon IEA sees 2026 global oil supply falling 3.9 million bpd due to ongoing war IEA estimates 246 million barrel inventory drawdown in March and April (Reuters) – Global oil … Read more
Summary Oil prices remain above $100 per barrel Investors await Trump-Xi meeting in Beijing US inflation posts largest gain in three years (Reuters) – Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stakes summit in Beijing between U.S. President Donald Trump and China’s Xi Jinping. Brent crude futures were up 23 … Read more
As the oil and gas industry faces aging infrastructure, tightening emissions regulations, and a growing skilled labor shortage, one question is defining the next decade of operations: how do you inspect what you can’t safely reach? Microwatt Controls is heading to the Energy and Drone Summit this June with an answer, and it is the only one … Read more
The leaders of Trans Mountain Corp. and the federal agency that oversees the Crown corporation say it’s possible Ottawa will own the Alberta-to-B.C. pipeline indefinitely.
Mark Maki, the president and CEO of Trans Mountain, says it’s a “sovereign pip…
A new YouTube series is making Canada’s energy past quick, compelling, and impossible to ignore. 3 Minute History Canada launches with fast-paced, three-minute videos that bring pivotal moments to life — starting with the one that started it all. This week’s exclusive episode drops you right into the bitter Alberta winter of February 1947. After … Read more
An emissions report LNG Canada filed to the BC Energy Regulator details operational issues at the plant in March as it continued to surpass the amount of gas it is allowed to burn off through flaring.
The report was obtained by University of Victor…
(Reuters) – The Strait of Hormuz has emerged as the central battleground of the Iran conflict. The passage of a handful of oil and gas tankers in recent days, apparently with Tehran’s consent, hints at tacit acceptance of its control. This foreshadows a more dangerous phase in what is fast turning into a Hormuz war. … Read more
Keyera Corp. has closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator.
The company says it completed the acquisition Tuesday for…
By Ron Wallace “The big problem for a new oil pipeline isn’t getting B.C. or First Nations acceptance. Rather it’s smothering the industry’s competitiveness by layering on carbon pricing and decarbonization costs that most competing countries don’t charge.” Jack Mintz. Under the Memorandum of Understanding (MoU) signed November 27, 2025, Alberta agreed, among other things, … Read more
There never was a legitimate reason for the tanker ban in the first place. Kenneth Green On May 26, private member’s Bill C-264 is up for debate in the House of Commons. The bill is short and sweet, with a single proposed action: “The Oil Tanker Moratorium Act, Chapter 26 of the Statutes of Canada, … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for June delivery in Hardisty, Alberta, settled at $15.95 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, 15 cents lower than Friday’s close. * While the discount has narrowed since the start … Read more
By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing … Read more
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2026. First Quarter Highlights Total production of 15,533 boe/d(1) including crude oil and natural gas liquids production of 10,136 bbls/d, representing a 65% liquids weighting in the quarter; Revenue of $78 million … Read more
CALGARY, AB, May 12, 2026 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2026 and to provide an operations update. Selected financial and operational information set out below should be read in conjunction with the Company’s unaudited condensed interim financial … Read more
Markets in North America were mixed on Tuesday as U.S. inflation data spurred a rotation away from the technology sector while higher oil prices benefited Canadian energy stocks.
“As investors are spooked by inflation fears, they’ve taken profits f…
(Reuters) – Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran’s ability to control energy flows through the Strait of Hormuz. The U.S.-Israeli war with Iran has slashed energy exports from … Read more
From Positioning to Building In the past twelve months, Canada loaded its first LNG cargo at Kitimat, advanced a federal-Alberta corridor agreement to open a new Pacific export route, and established the Canada Strong Fund, the nation’s first sovereign wealth fund, with a $25 billion federal commitment to co-invest alongside private capital. Enbridge’s $4 billion … Read more
CALGARY, AB, May 12, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “Company”) today announced the closing of its previously announced acquisition of substantially all of Plains’ Canadian natural gas liquids (“NGL”) business (the “Transaction”) for $5.3 billion including closing adjustments. “This is a significant milestone for Keyera and marks the successful completion of a highly strategic … Read more
HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) completed the previously announced sale of all of the issued and outstanding shares of Plains Midstream Canada ULC, the PAA subsidiary that owns substantially all of PAA’s natural gas liquids (NGL) business (the “Canadian NGL Business”) to Keyera … Read more
(Reuters) – The Iran war is starting to shape China’s imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals. The headline-grabbing number from the figures released last week by customs was the slide in arrivals of crude oil, with the world’s biggest importer taking in … Read more
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that the Company is poised to become Colombia’s largest independent oil and gas producer and to provide new corporate guidance. Additionally, the Company reports its financial and operating results for the three-month period ended … Read more
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2026. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at March 31, … Read more
(Reuters) – Major Asian liquefied natural gas (LNG) importers Japan and South Korea ramped up coal-fired power generation in April and into early May, market data showed, as the Iran war disrupted supplies of the super-chilled fuel and boosted prices. Japan’s gas-fired power supply hit two-year lows in April and South Korea’s dropped to six-month … Read more
Summary Iran demands compensation for war damage Reiterates sovereignty over Strait of Hormuz U.S. crude inventories likely to have fallen, poll shows Trump meeting with China’s Xi in focus (Reuters) – Oil prices rose by more than 3% on Tuesday as stark differences between the U.S. and Iran on a proposal to end the war … Read more
Efficiency, Best-in-Class Inventory, and Clean Balance Sheet Delivering Superior Returns Highlights: Generated first quarter cash from operating activities of $1.1 billion, Non-GAAP Cash Flow of $1.2 billion and Non-GAAP Free Cash Flow of $634 million after capital expenditures of $605 million Produced average first quarter volumes of 679 thousand barrels of oil equivalent per day … Read more
Calgary, Alberta–(Newsfile Corp. – May 11, 2026) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its first quarter results for 2026. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited interim condensed consolidated financial statements and related notes for the … Read more
CALGARY, AB, May 12, 2026 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce: (i) its first quarter 2026 financial and operating results, (ii) increased 2026 production guidance, which incorporates an earlier expected start-up of the second phase of the Alhambra Plant, and (iii) lower expected 2026 and 2027 capital expenditures, reflecting strong … Read more
By Charles St. Arnaud Chief Economist at Servus Credit Union Key takeaways: The MoU between Canada and Alberta aims to position the country as an energy superpower while achieving net-zero emissions by 2050. In its current form, the strategy rests on three pillars: new pipeline access, increased production, and decarbonization, requiring roughly $90bn in … Read more
Opposition to pipeline projects in B.C. has dwindled over time The federal approval of Enbridge’s Westcoast LNG pipeline expansion is being met with little public opinion opposition in what is further evidence of the changed landscape on pipelines in British Columbia. New data from the non-profit Angus Reid Institute finds majority support for the Westcoast … Read more
The province sits on some 7 trillion cubic feet of natural gas, worth billions of dollars, but it banned fracking more than a decade ago By Glenn MacDonald Nova Scotia sits on some seven trillion cubic feet of natural gas, worth billions of dollars, and the premier believes fracking those reserves could help build the … Read more
A deal between Premier Smith and Prime Minister Carney. Very soon. Book your seat By Rick Bell This Article and More by Rick Bell Here Prime Minister Mark Carney (right) meets with Alberta Premier Danielle Smith in his office in Ottawa on Friday, May 8, 2026 A tip. Don’t head out of town too early … Read more
Trump says Iran ceasefire on ‘life support’ after rejecting Tehran’s response President Donald Trump said on Monday that the ceasefire with Iran was “on life support,” after dismissing Tehran’s response to a U.S. peace proposal as “stupid.” Trump’s swift rejection of Iran’s response on Sunday has fueled concerns that the 10-week-old conflict will drag on … Read more
(Reuters) – Disruption to oil exports via the Strait of Hormuz is threatening to delay the market’s return to normal until 2027, Saudi Aramco CEO Amin Nasser warned on Monday. “The longer the supply disruptions continue, even for another few more weeks, it is going to take a much longer time for the oil market … Read more
(Reuters) – JP Morgan expects Brent crude to remain in the low-$100s for much of 2026, even if the Strait of Hormuz reopens in June, as accelerating inventory draws and logistical bottlenecks keep the oil market tight, the bank said in a note. JP Morgan’s revised framework assumes that the pace of oil inventory depletion … Read more
(Reuters) – Saudi state oil giant Aramco could reach a maximum sustainable oil production capacity of 12 million barrels per day in three weeks if required, CEO Amin Nasser said on Monday. He said that the energy supply shock that began in the first-quarter was the largest the world has ever experienced, and that if … Read more
(Reuters) – The oil market will lose around 100 million barrels every week, if the disruptions in the Strait of Hormuz continue at the current rate and it remains closed, the CEO of Saudi oil giant Aramco, Amin Nasser, said on Monday. “We expect demand rationing to continue as long as supply remains disrupted through … Read more
By Alex Lawler OPEC April output plunges 830,000 bpd Eight OPEC+ producers had pledged to raise output before Iran war forced export cuts Biggest drop is in Kuwait LONDON, May 11 (Reuters) – OPEC oil output dropped further in April to the lowest in more than two decades, a Reuters survey found, as the U.S.-Israeli … Read more
(Reuters) – Buyers of electric vehicles and consumers of a diet cola in India may seem to be two groups with little in common, but they are both at risk from the fallout from the ongoing closure of the Strait of Hormuz. The longer the narrow waterway remains closed to most vessels the more pronounced … Read more
(Reuters) – A second Qatari liquefied natural gas tanker is transiting the Strait of Hormuz days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks. The vessel, Mihzem, with capacity of 174,000 cubic metres, departed Ras … Read more
CALGARY, AB, May 11, 2026 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”), is pleased to report its first quarter 2026 financial and operating results and provide an operations and guidance update. Select financial and operational information is outlined below and should be read in conjunction with Rubellite’s unaudited condensed consolidated interim financial statements and related Management’s … Read more
(Reuters) – Iran’s oil sector has faced some issues since the start of a U.S. maritime blockade on Iranian ports, but the oil ministry has taken countermeasures, Iran’s Oil Minister Mohsen Paknejad said on Monday to state TV, without specifying the measures. “During the 40 days of war, our production didn’t decrease and the export … Read more
Summary Trump calls Iran’s response to U.S. peace proposal ‘unacceptable’ Trump, Xi to discuss Iran among other topics later this week Aramco CEO warns 1 billion barrels lost will slow oil market recovery 3 more tankers exit Strait of Hormuz with trackers switched off (Reuters) – Oil prices rallied on Monday, a day after President Donald … Read more
In the energy industry, fire and gas detection systems are a critical layer of protection. Yet for decades, the placement of detectors has often relied on a mix of experience, rules of thumb, and conservative assumptions. While this approach has worked, it has also led to inconsistencies—sometimes resulting in overdesigned systems, and in other cases, … Read more
Carney calls it ‘pragmatism,’ but deeper EU alignment could bury Canadian farmers, energy producers, and businesses under 170,000 pages of Brussels bureaucracy. By Tammy Nemeth Prime Minister Mark Carney and French President Emmanuel Macron – Image courtesy of Twitter/X Prime Minister Mark Carney made history last week as the first non-European leader invited to the … Read more
In today’s field environment, efficiency matters. Crews need fast access to the right information, without hunting through paperwork, spreadsheets, emails, or shared drives. That’s where QR Codes in Muddy Boots are changing the game. With Muddy Boots, clients can generate QR Codes for both individual pieces of equipment and sites. One scan provides instant access … Read more
By Cody Good | Design Cynthia Tran Vo Key Takeaways China holds an estimated 1.4 billion barrels of strategic crude oil inventory, more than the next nine largest stockpiles combined. The U.S., Japan, and OECD Europe are the next-largest holders, reflecting decades of preparation for major oil supply shocks. Global strategic oil inventories are one … Read more
White House’s stance on renewables has ‘taken away a lot of opportunities’ By TJ Colello Operators of a Nova Scotia marshalling yard that stores offshore wind components destined for the United States have a positive outlook despite the Donald Trump administration’s preference for fossil fuels over renewable energy. Atlantic Canada Bulk Terminal is hidden away … Read more
By Amanda Stephenson Enbridge eyes $10-20 billion in new capital investments over next 24 months Company views rival Canadian pipeline proposals as a sign of industry confidence and growth CEO Greg Ebel highlights surge in demand for crude oil export capacity at Ingleside terminal May 8 (Reuters) – The investment climate for energy infrastructure in … Read more
Capitalizing Canada’s role in an increasingly competitive global energy system. The global energy system is entering a period of intensified competition for energy security, supply, capital and long-term market access, as recent expansion across LNG, nuclear and export infrastructure moves into its next phase. Investment is concentrating in jurisdictions that can deliver reliable supply, scalable … Read more
As Fatih Birol reverses a decade of IEA orthodoxy, Cenovus chief Jon McKenzie delivers the sharpest CEO rebuke of Canadian energy policy in years. By Stewart Muir (left) International Energy Agency Executive Director Fatih Birol arrives for an interview with The Associated Press, at the IEA headquarters in Paris, Thursday, April 16, 2026. (AP Photo/Michel … Read more
The U.S. and Iran appeared no closer this past weekend to finding an end to their war after the two sides traded fire in the Gulf amid a tenuous ceasefire, while a U.S. intelligence analysis concluded Tehran could withstand a naval blockade for months. Recent days have seen the biggest flare-ups in fighting in and … Read more
Russian President Vladimir Putin said on Saturday that he thought the Ukraine conflict was coming to an end. Russia’s 2022 invasion of Ukraine triggered the most serious crisis in relations between Russia and the West since the 1962 Cuban Missile Crisis, when many people feared the world was on the brink of nuclear war. “I … Read more
By Niccolo Conte | Design Sam Parker Key Takeaways The U.S. was the world’s largest crude oil producer in 2025 at 13.58 million barrels per day, ahead of Russia (9.87) and Saudi Arabia (9.51). Middle Eastern countries produced 32.1% of global crude oil in 2025. Just five countries produced half of the world’s oil in … Read more
“The time to act on them is now.” says Oil Sands Alliance By This Article and More by Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-slow-progress-on-energy-pact-risks-letting-this-opportunity-pass-canada-by-oilsands-producers-warn As talks over a new industrial carbon pricing deal grind on between the Carney and Smith governments, Canada’s largest oilsands producers have issued a cautionary note. And it arrives as negotiations over … Read more
The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco’s CEO said on Sunday, as shipping disruptions choke traffic through the Strait of Hormuz. “Our objective is simple: keep energy flowing, even when the system is … Read more
Five things to watch for in the Canadian business world in the coming week:
Energy infrastructure discussion
Trans Mountain Corp. chief executive Mark Maki and Elizabeth Wademan, chief executive of the Canada Development Investment Corp., are at a C…
OTTAWA – Alberta Premier Danielle Smith said Friday she hopes the memorandum of understanding between her province and the federal government can be completed soon because Albertans need to see that “Canada can work.” Work is underway to verify signatures on a petition for a separation referendum that could happen in Alberta this fall. … Read more
By Erwin Seba Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week HOUSTON, May 8 (Reuters) – Brent crude futures jumped as much as 3% on Friday, a day after the U.S. and Iran traded air strikes, but pared gains as traders … Read more
By Mia Gindis Wall Street is growing more convinced that shipping through the Strait of Hormuz will remain impaired into the second half of the year, highlighting expectations for a longer-lasting supply shock. A majority of surveyed investors expect flows through Hormuz to be disrupted beyond the end of June, and 43% of respondents don’t … Read more
By Julian Lee and Alex Longley No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been blocked for more than two months. Iran has throttled traffic … Read more
Chris Varcoe: Executive chair of CNRL says carbon capture project should be developed alongside a new West Coast pipeline By Chris Varcoe Original: financialpost.com/business/energy/murray-edwards-pathways-carbon-capture-full-commitment-from-oilsands/wcm/29bc5acf-31ce-4258-8f60-aaecece37fe8 Murray Edwards is unequivocal — the oilsands industry wants the $20-billion Pathways carbon capture project in Alberta to go ahead. But the executive chair of the country’s largest petroleum producer, Canadian … Read more
Fatih Birol: ‘The most important resource, or card, that Canada has today is trust’ By Melissa Shin The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources, warning that market conditions will only favour the country for so long. Typically, countries buy energy based … Read more
By Scott Disavino NEW YORK, May 8 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row, the first three-week streak of increases since early February, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig … Read more
(Reuters) – China’s foreign ministry confirmed on Friday that an oil products tanker carrying Chinese crew was attacked in the Strait of Hormuz, and expressed deep concern about vessels affected by the ongoing conflict in the Middle East. There are Chinese nationals aboard the vessel, but no reported crew casualties so far, foreign ministry spokesperson … Read more
(Reuters) – A suspected oil spill covering dozens of square kilometres of sea near Iran’s main oil hub of Kharg Island has been seen on satellite imagery this week. The likely spill – appearing on images as a grey and white slick – covered waters to the west of the 8-kilometre (5-mile) long island, pictures … Read more
(Reuters) – Canadian crude oil pipeline company South Bow said on Friday it is beginning efforts to obtain required permits across the U.S. route of its Prairie Connector project. The Alberta-to-Wyoming pipeline would use portions of pipe already installed in Canada as part of the cancelled Keystone XL project. South Bow said on a conference … Read more
Executives at South Bow Corp. say customers have been clamouring to ship more oil on the southern leg of its pipeline network.
Richard Prior, South Bow’s chief operating officer, says recent geopolitical turmoil has driven an increase in demand for m…
A jump in commodity prices resulting from the Middle East conflict has helped Pembina Pipeline Corp. raise its earnings outlook for the year.
The company says it expects to benefit especially from higher propane prices in Asia thanks to its export fac…
CALGARY, AB, May 8, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2026 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) First … Read more
CALGARY, AB, May 8, 2026 /CNW/ – InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2026. InPlay’s unaudited interim financial statements and notes, and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2026 will be … Read more
Summary Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week (Reuters) – Oil prices pared early gains on Friday, a day after renewed fighting near the Strait of Hormuz raised new questions about the ceasefire between the United States and Iran. Brent … Read more
Enbridge Inc. reported a first-quarter profit attributable to common shareholders of $1.67 billion, down from $2.26 billion a year earlier.
The pipeline company says the profit amounted to 77 cents per share for the quarter ended March 31, down from $…
Reuters – With the standoff over the frozen Iran war threatening a global economic meltdown, Washington and Tehran have scaled back their efforts to agree a comprehensive peace deal and now seek a limited pact putting off the harder issues. This is what we know about the proposals under discussion and where they leave … Read more
By Ben Eisen and Joel Emes How Hydroelectricity Prices in Quebec Dominate Canada’s Equalization Formula This bulletin examines how Canada’s Equalization program affects provincial incentives surrounding hydroelectricity pricing. The analysis focuses on Quebec, where large equalization entitlements combined with abundant hydro resources mean retail electricity prices materially influence the distribution of equalization payments across … Read more
(Reuters) – A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange data. The … Read more
(Reuters) – The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened slightly on Thursday. WCS for June delivery in Hardisty, Alberta, settled at $15.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.70 on Wednesday. While the discount has narrowed since the … Read more
By Grady Semmens Operations in the Montney play that straddles the B.C./Alberta border. Photo courtesy Tourmaline Oil As a sustainability consultant in Canada’s oil and gas industry, Jamie MacKenzie Eddy has the unique opportunity to get an up-close look at a wide range of energy production. From wellheads and compressor stations to control rooms and … Read more
Nova Scotia’s premier is crediting a change in federal leadership for renewed traction in the province’s pursuit of offshore oil and gas development.
Tim Houston said Thursday that former prime minister Justin Trudeau opposed fossil fuel projects, but…
Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) announces its financial results for the first quarter of 2026. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2026 and 2025 are posted on www.sedarplus.ca and on … Read more
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); adjusted earnings; adjusted earnings per common share; … Read more
Strong Sulphur and Midstream Margins Drive 29% Growth in Net Operating Income, Quarterly Debt Repayment of US$27 million Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce its first quarter 2026 financial … Read more
Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “Company”) reports its operating and financial results for the three months ended March 31, 2026 (all amounts are in Canadian dollars unless otherwise noted). “Baytex’s strong first quarter results reflect the quality of our Canadian portfolio and the operational discipline … Read more
Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the first quarter ended March 31, 2026. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2026 Cardinal achieved record quarterly production of 25,948 boe/d in the first quarter due to … Read more
CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its first-quarter 2026 financial and operational results. Unless otherwise noted, all financial figures in this news release are presented in U.S. dollars. Highlights Safety and operational performance Recorded first-quarter 2026 average throughput of approximately 616,000 … Read more
May 7 (Reuters) – U.S. President Donald Trump’s executive order in January to impose a fuel blockade on Cuba amounts to “energy starvation” with grave consequences for the Caribbean island nation’s development and human rights, U.N. experts said on Thursday. Washington, which has imposed an embargo on the communist-run island since 1960, intensified measures this … Read more
By Wa Lone and Shariq Khan TORONTO, May 7 (Reuters) – Global energy markets are headed into ‘troubled waters’ as the Iran war continues to knock out millions of barrels of oil each day, Fatih Birol, head of the International Energy Agency, said on Thursday at a conference in Toronto. His comments come as Brent … Read more
By Siddharth Cavale US considers restarting escorts for commercial vessels through Strait of Hormuz, WSJ says Analysts warn prices could rebound if conflict escalates again Iran’s oil production likely down by around 400,000 bpd – US energy secretary Chris Wright Brent, WTI futures turn positive in extended trading after Iran reports explosions NEW YORK, May … Read more
Stock markets in Canada and the U.S. moved lower on Thursday as oil prices fluctuated amid hopes for a deal between the U.S. and Iran.
The hope is that an end to the war will reopen the Strait of Hormuz and allow oil tankers trapped in the Persian Gul…
(Reuters) – Goldman Sachs said that strong crude exports outside the Gulf and subdued demand from China are helping to partially offset market tightening caused by very low Gulf exports. Goldman Sachs said in a note dated Thursday that 45% of the hit to Persian Gulf crude/condensate exports is being offset, primarily by increased exports … Read more
By Yawen Chen LONDON, May 7 (Reuters Breakingviews) – Shell is reaping the benefits of high fossil fuel prices. The $240 billion oil and gas major on Thursday reported first-quarter adjusted earnings of $7 billion, up nearly 25% year on year, as oil prices surged past $100 a barrel. Yet when it comes to shareholder … Read more
U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill. “It looks like they’ve likely already cut back their production, maybe by 400,000 barrels a day. They’ll likely continue to ramp … Read more
CALGARY, AB, May 7, 2026 /CNW/ – FIRST QUARTER HIGHLIGHTS Revenue for the first quarter of 2026 was $418.0 million, a four percent decrease from the first quarter of 2025 revenue of $436.5 million. Revenue by geographic area: Canada – $135.7 million, 33 percent of total; United States – $206.8 million, 49 percent of total; and … Read more
By Stephen Stapczynski and Anthony Di Paola Abu Dhabi National Oil Co. has managed to keep a trickle of liquefied natural gas exports moving through the Strait of Hormuz by concealing tanker locations, as established producers shift tactics to navigate the conflict. At least two tankers that loaded at Adnoc’s Das Island facility recently went … Read more
Oilsands major reported first-quarter profits of $1.6 billion, up 83% from a year earlier By Meghan Potkins Cenovus Energy Inc. chief executive Jon McKenzie came out swinging Wednesday on the company’s first-quarter earnings call, criticizing federal regulations and carbon rules and blaming what he called Canada’s “myopic” focus on climate policy for discouraging investment in … Read more
(TSX: TWM) CALGARY, AB, May 7, 2026 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation” when referring to the consolidated group, and “Tidewater Midstream” when referring to the legal entity) (TSX: TWM) has filed its consolidated interim financial statements and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2026. First Quarter 2026 … Read more
Canadian Natural Resources Ltd. reported a first-quarter profit of $1.35 billion compared with $2.46 billion in the same quarter last year.
The company says the profit amounted to 64 cents per diluted share for the quarter ended March 31 compared with…
Achieved Total Company Average First Quarter Production of 45,497 BOEPD1 Completed Disposition of Gran Tierra’s Working Interest in the Simonette Montney Block for $49 Million Signed Exploration, Development and Production Sharing Agreement with State Oil Company of the Republic of Azerbaijan Strategic Partnership Agreement with Ecopetrol for Operations in the Tisquirama Block Strengthened Financial Position, Exited the Quarter with $125 Million … Read more
Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s first quarter results, “We have a long track record of being an effective and efficient operator, while consistently delivering top tier operational and financial performance through a strong focus on continuous improvement. An example … Read more
Average production of 28,733 boe/d in the first quarter, generated $61.0 million of funds flow from operations Active development program in Peace River and Willesden Green while advancing strategic heavy oil waterflood initiatives Renewed normal course issuer bid and repurchased and cancelled ~1.5 million shares Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – OBSIDIAN … Read more
Calgary, Alberta–(Newsfile Corp. – May 7, 2026) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the first quarter ended March 31, 2026. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2026 … Read more
Summary Oil prices drop 2%, extending previous session’s heavy losses Al Arabiya reports possible easing of U.S. blockade Analysts warn prices could rebound if conflict escalates again (Reuters) – Oil prices extended losses on Thursday, sliding around 2% to below $100 a barrel on renewed hopes for a U.S.-Iran peace deal that could bring a gradual … Read more
Calgary, Alberta–(Newsfile Corp. – May 6, 2026) – Tenaz Energy Corp. (TSX: TNZ) (“Tenaz”, “We”, “Our”, “Us” or the “Company”) is pleased to announce financial and operating results for the first quarter of 2026. The related unaudited interim condensed consolidated financial statements and management’s discussion and analysis (“MD&A”) are available on SEDAR+ at www.sedarplus.ca and on Tenaz’s website at www.tenazenergy.com. HIGHLIGHTS … Read more
CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) first quarter results demonstrate continued execution across its funded growth portfolio, with its Leismer expansion on track, strong Duvernay performance, and a balance sheet positioned to support disciplined capital allocation. In the current constructive oil price environment, the Company is … Read more
CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2026. Q1 2026 HIGHLIGHTS: Completed Oil-weighted Acquisition – Closed the acquisition of long-life, oil-weighted Cardium assets in the Harmattan area of Central Alberta. … Read more
CALGARY – Crude pipeline operator South Bow Corp. says its first-quarter net income dropped to US$77 million during the first three months of the year, down from US$88 million during the same period of 2025. The profit amounted to 37 cents US per share versus a year-earlier 42 cents US. South Bow, which … Read more
By Jim Warren In the year prior to the outbreak of the latest war in the Persian Gulf, it looked like the climate alarmist agenda was in trouble. A consensus was emerging among geopolitical analysts, namely that the emissions reduction goals identified in the 2015 Paris Agreement on climate change would not be achieved. For … Read more
By Julio Mejía and Elmira Aliakbari Once again, war in the Middle East is destabilizing global energy markets, increasing energy costs (including at the pumps) and threatening Canada’s already fragile economy. Yet at a moment when policymakers should do everything possible to unlock Canada’s economic potential, the Carney government is doubling down on the Trudeau-era industrial … Read more
Suncor Energy Inc. is sending high-demand products like jet fuel and diesel from its Canadian refineries to a variety of far-flung global destinations as strife in the Middle East continues to squeeze supplies.
In March, the Calgary-based oilsands pr…
(Reuters) – Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide – so oil companies will continue to deplete storage … Read more
CALGARY, AB, May 6, 2026 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce financial and operating results for the quarter ended March 31, 2026, as well as an update on Surge’s latest operational achievements. Select financial and operating information is outlined below and should be read in conjunction with the Company’s unaudited … Read more
CALGARY, AB, May 6, 2026 /CNW/ – Strathcona Resources Ltd. (“Strathcona” or the “Company“) (TSX: SCR) today reported its first quarter 2026 financial and operating results. The Board of Directors also declared a quarterly dividend of $0.30 per common share. Q1 2026 Highlights Production of 116,542 boe/d (99.7% liquids) Operating Earnings of $194 million ($0.91 / share)(1) Free Cash … Read more
Production of 43,116 boe/d was 3% above the high end of guidance and again exceeded consensus estimates Adjusted funds flow(1) over $107 million ($0.59/share) with free funds flow(1) over $62 million ($0.34/share) Net debt(1) down 5% from year end 2025 to $725 million, reflecting Saturn’s continued commitment to debt repayment Accelerating capital from H2/26 into Q2 supports volumes … Read more
CALGARY, AB, May 6, 2026 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company“) is pleased to release financial and operating results for the first quarter of 2026. HIGHLIGHTS Continued new well outperformance in both gas complexes, the Alberta Deep Basin and the NEBC Montney gas condensate complex, leading to production at the mid-point of guidance despite … Read more
(Reuters) – The European Commission is considering suspending methane emissions penalties during energy supply crises after pressure from the United states and the fossil fuel industry to dilute rules on leaks of the greenhouse gas, the Financial Times reported on Wednesday. The Commission plans to roll out new rules on monitoring, reporting and verification for … Read more
Canadian and U.S. stock markets rallied on Wednesday as oil prices sank amid hopes that the United States and Iran are nearing a deal that would allow ships to deliver crude.
“Some commentary from Trump earlier this morning on prospects that the U.S. …
/THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ CALGARY, AB, May 6, 2026 /CNW/ – Coelacanth Energy Inc. (the “Company” or “Coelacanth”) (TSXV: CEI) is pleased to announce that, further to its press releases dated April 16, 2026, and April 17, 2026, … Read more
Vermilion Energy Inc. reported a loss of $145.5 million in its latest quarter, weighed down by a $286-million unrealized loss on derivatives due to increases in oil and gas prices.
The company says the loss amounted to 95 cents per diluted share for t…
(Reuters) – Cenovus Energy on Wednesday posted an 83% jump in first-quarter profit, driven by higher crude prices, strong refining margins and increased production following its acquisition of MEG Energy. The Canadian oil and gas producer also said it would raise its quarterly base dividend by 10% to 22 Canadian cents per share starting in the … Read more
Summary US crude oil stocks expected to fall further Brent crude drops below $100 a barrel Benchmarks set for biggest daily declines in a month (Reuters) – Oil prices extended declines on Wednesday, slumping to two-week lows after a Pakistani source said that the United States and Iran were nearing an initial peace deal. Brent crude … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for June delivery in Hardisty, Alberta, settled at $16.00 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.25 on Monday. * While the discount has narrowed, the price marks a … Read more
CALGARY, AB, May 6, 2026 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2026. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2026 will be available on the System … Read more
CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its first-quarter 2026 financial and operating results. In the quarter, the company generated approximately $3.4 billion of adjusted funds flow and $2.2 billion of free funds flow. Operating results in the quarter included Upstream production of 972,100 barrels of oil … Read more
CALGARY, AB, May 6, 2026 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operating information should be read with Tamarack’s unaudited consolidated interim financial statements and management’s discussion and analysis for the three months ended March 31, 2026, which are available … Read more
Readers are advised to review the “Non-GAAP and Other Financial Measures” section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the “Forward-Looking Information” section in this press release for information regarding certain forward-looking information and forward-looking … Read more
CALGARY, AB, May 5, 2026 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2026, an increase to its 2026 guidance, and an increase in total credit facility capacity. Selected financial and operational information is set out below and should … Read more
Calgary, Alberta–(Newsfile Corp. – May 5, 2026) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) announces its first quarter 2026 financial and operating results, May dividend declaration and information regarding the annual meeting of shareholders. First Quarter 2026 Summary Highlights Generated $9.6 million of adjusted funds flow1 ($0.03 per basic and fully diluted share) for the … Read more
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting … Read more
The Competition Bureau is challenging Keyera Corp.’s proposed deal to buy the Canadian natural gas liquids business of Plains All American Pipeline LP, a move the Calgary-based energy infrastructure company opposes.
The regulator said Tuesday the pr…
By Kenneth P. Green As people might remember, the Keystone XL (KXL) project of (then) Trans Canada Ltd. would have seen a pipeline built to run from Hardisty, Alberta (the heart of the oilsands) to Steele City, Nebraska. KXL was slated to carry some 830,000 barrels per day of Canadian diluted bitumen (oil sands crude … Read more
Norway’s Equinor has submitted a development application for its proposed Bay du Nord oil project to Newfoundland and Labrador’s energy regulator.
The board of the Canada-Newfoundland and Labrador Offshore Energy Regulator will decide if the developme…
(Reuters) – U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a major win, but it may ultimately leave both the U.S. and energy markets worse off. For decades, the Organization of the Petroleum Exporting Countries, … Read more
CALGARY, AB, May 5, 2026 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to provide first quarter 2026 financial results. Select financial information is outlined below and should be read in conjunction with Topaz’s interim condensed consolidated financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) as at and for the three … Read more
Canada’s main stock index edged lower while U.S. markets continued a record streak after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected.
“The rally is also based on the extreme success of…
Five of Canada’s largest oilsands producers and clean energy groups are separately criticizing the federal and Alberta governments for slow progress on finalizing aspects of the energy deal signed last year.
The pact pairs the prospect of a new oil pi…
(Reuters) – President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so. Trump told reporters in the Oval Office that Iran’s military has been reduced to firing “peashooters” and that Tehran privately wants to make a deal despite its … Read more
CALGARY, AB, May 5, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “Company”) today provided an update on the regulatory process related to its previously announced acquisition of substantially all of Plains’ Canadian natural gas liquids (“NGL”) business (the “Transaction”). Keyera has received a filing from the Competition Bureau in connection with the Transaction and is currently … Read more
Bureau investigation found the transaction would harm competition and Canadian energy producers GATINEAU, QC, May 5, 2026 /CNW/ – The Competition Bureau has filed an application with the Competition Tribunal challenging Keyera Corp.’s (Keyera) proposed acquisition of Plains All American Pipeline L.P.’s (Plains) Canadian natural gas liquids business. The Bureau is challenging the proposed transaction because it would reduce competition … Read more
(Reuters) – The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump … Read more
(Reuters) – The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a “much worse outcome” if the war in the Middle East drags into 2027 and oil prices hit around $125 per barrel. IMF Managing Director Kristalina Georgieva said the continuation of … Read more
OSLO, May 5 (Reuters) – Norway’s government said on Tuesday it is offering 70 new blocks for energy companies to explore for oil and gas in its annual licensing round as the country seeks to extend the life of its petroleum industry. The new blocks include 38 areas in the Barents Sea, 10 areas in … Read more
OPEC’s control over production levels was a sticking point in the UAE’s participation in the group going back years By Anthony Di Paola The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said. “It serves our national interests and … Read more
The demise of Spirit Airlines in the U.S. serves as a warning to smaller carriers north of the border that are beleaguered by high fuel costs and low demand for travel to America.
After two previous bankruptcies, the ultralow-cost airline that once op…
Summary Iran counters with Gulf attacks on vessels and UAE oil port US Navy escorts Maersk vessel through Hormuz (Reuters) – Global oil prices slipped on Tuesday a day after the United States launched an operation aimed at reopening the Strait of Hormuz to shipping, although exchanges of fire between the U.S. and Iran limited the … Read more
Summary Oil companies commit to move at least 400,000 bpd, or about 72% of the pipeline’s initial capacity, sources say South Bow, Bridger aim to reach about 450,000 bpd in committed capacity to green-light pipeline Commitments signal oil companies are eager for takeaway capacity for Canadian output HOUSTON, (Reuters) – A proposed pipeline for carrying … Read more
It started at twenty bucks a month. It ended at three hundred, plus a Senate committee appearance and a wall of debunked tanker myths. Confessions of a recovered ship mapping addict. By Stewart Muir MarineTraffic offers a real-time window into global shipping. The Wall Street Journal reports that Stephen Colbert has fallen for MarineTraffic. On his … Read more
By Ron Wallace As the fourth largest global producer of crude oil Canada’s opportunities have been limited by insufficient infrastructure, punitive regulatory timelines and limited international access. “North America and particularly the European Union are experiencing the consequences of misguided energy policies that have undermined efforts to sustain energy security throughout the West. Recent geopolitical … Read more
Prime Minister Carney’s Canada Strong Fund is a long overdue step but its success hinges on Indigenous economic participation and ironclad discipline By Stewart Muir Prime Minister Mark Carney speaks from a lectern beside a Canadian National Railways locomotive at the Canada Science and Technology Museum, during an announcement on the Canada Strong Fund, Canada’s … Read more
By Robert Tuttle Canada’s oil industry is pushing back hard on proposals to impose a higher carbon tax, arguing the policy adds costs at a time when the world needs more secure and affordable sources of energy. Prime Minister Mark Carney and Alberta Premier Danielle Smith agreed to a higher carbon tax for industrial emissions … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for June delivery in Hardisty, Alberta, settled at $16.25 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.30 on Friday. * While the discount has narrowed, the price marks the … Read more
CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to provide an update on the previously announced Frontera acquisition, pursuant to which Parex would acquire 100% of Frontera Petroleum International Holdings B.V. (“Frontera E&P”), for upfront cash consideration of US$500 million, the assumption of US$225 … Read more
CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that they have executed an agreement whereby Parex expects to earn a 50% participating share in the Casabe and Llanito blocks in the Magdalena Basin of Colombia, … Read more
(Reuters) – Oil prices jumped about 6% on Monday as Iran stepped up attacks on the United Arab Emirates and ships in the Middle East Gulf over the past 24 hours, the most serious escalation since a U.S.-Iran ceasefire came into force in early April. Brent futures rose $6.27, or 5.8%, to settle at $114.44 … Read more
(Reuters) – Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes. Economies will begin shrinking, first in Asia, as demand adjusts to meet supply while the … Read more
May 4 (Reuters) – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted. Oil prices jumped about 6% on Monday after Iran hit several ships in the Strait of … Read more
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three months ended March 31, 2026. Key Highlights: Expanded core infrastructure footprint with the $400 million Chauvin acquisition, strengthening the long-term growth … Read more
(Reuters) – The United States and Gulf Arab nations are drafting a U.N. Security Council resolution designed to condemn Iran for blocking the Strait of Hormuz in response to a U.S.-Israeli bombing campaign, U.S. Ambassador to the U.N. Mike Waltz said on Monday. Waltz said negotiations will take place this week on the resolution, which … Read more
(Reuters) – Fire broke out at a major UAE oil industry zone on Monday after a drone attack originating from Iran, authorities said, as the Gulf state’s military separately intercepted three Iranian missiles over its waters and a fourth crashed into the sea. Civil defence teams were deployed immediately to contain the blaze at the … Read more
Canadian and U.S. stock markets moved lower on Monday, while oil prices jumped following escalations in the Middle East that may be undermining the ceasefire in Iran.
“Markets came into the week focused on earnings, but today oil and geopolitics are a…
Europe, on the other hand… By John Authers The USS Abraham Lincoln conducting blockade operations. Source: U.S. Navy/Getty The Strait of Hormuz remains blockaded — latest peace efforts have fizzled. European assets are sustaining far more damage than the US from the stalemate. The US K-shaped economy is holding up well, for now. The US … Read more
Beijing has told its companies to ignore American sanctions on a major oil refiner, complicating the leaders’ summit next week. By Rong Wei Neo Oil storage tanks at a petrochemical production base on the outskirts of Shanghai. Source: Bloomberg US President Donald Trump’s expected meeting with his Chinese counterpart Xi Jinping next week just got … Read more
Biomethane and e-methane could be additional trump cards in the ocean carrier industry’s complex game of bridge By Timothy Renshaw By Resource Works More News and Views From Resource Works Here The bridge to a decarbonized commercial shipping fleet needs widening. The current single-lane liquefied natural gas (LNG) option is too narrow to get containership … Read more
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) reported today it has successfully closed the previously announced sale of its non-operated minority working interest in its … Read more
It’s easy to dismiss the agreement by the seven remaining members of the OPEC+ group of crude oil exporters to increase output for a third straight month in June as merely symbolic. Certainly, as long as the Strait of Hormuz remains effectively closed, the decision to lift production by 188,000 barrels per day (bpd) is … Read more
Summary UAE energy minister says it left OPEC on good terms Expresses confidence UAE will keep working with OPEC members UAE was one of OPEC’s biggest producers DUBAI, May 4 (Reuters) – The United Arab Emirates owes it to its investment partners to produce what global oil markets require without restrictions, while cooperating with other … Read more
Summary US warship was hit by two missiles, Iran’s Fars says US Central Command denies any US vessel was struck US to start operation to aid stranded ships, Trump says OPEC+ agrees third oil output quota hike since Hormuz closure (Reuters) – Oil prices rose over 3% on Monday after Iran claimed it had struck … Read more
At Compass Bending, we use holiday-free coatings that protect your pipe bends from rust, wear, and the harshest conditions. Plus, we can ship coating materials and patch kits straight to your job site—perfect for quick repairs and covering field joints. What’s great about holiday-free coatings? 🔹 They create a seamless barrier—no breaks, no pinholes—so moisture … Read more
In oil and gas operations, the smallest components are often connected to some of the biggest risks. Instrument valves, manifolds, monoflanges, and double block and bleed assemblies may not always get the same attention as larger process equipment, but they play a critical role in safe, reliable measurement and isolation. Every threaded connection, fitting, adaptor, … Read more
CALGARY, AB , May 4, 2026 /CNW/ – Global events over the past few months highlight the importance of affordable, reliable energy in people’s lives and to the health and well-being of national economies, including Canada’s. These events serve as a stark reminder that the global energy system is large, complex and interrelated. Access to abundant energy cannot … Read more
Exports of liquefied natural gas from Canada’s LNG Canada plant topped 1 million metric tons in April, setting a monthly record, according to LSEG data. * LNG Canada is the country’s first major LNG export facility and the first on North America’s West Coast, giving it direct access to Asia, the world’s largest LNG market. … Read more
‘Canada can simultaneously advance its environmental goals and economic interests’ By Will Gibson Drone view of the Clive sequestration project near Red Deer, Alta. Photo courtesy Enhance Energy The federal government is following through on a key element of its energy accord with Alberta. In its spring economic update, Ottawa confirmed plans to extend the carbon capture, utilization and … Read more
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta–(Newsfile Corp. – May 1, 2026) – Trans Mountain Corporation (“Trans Mountain” or TMC” or “the Company”) today announced its financial and operating results for the fourth quarter and full-year of 2025. “2025 marked a defining year for Trans Mountain, one in which we … Read more
A tanker reported being hit by unknown projectiles in the Strait of Hormuz, a maritime security organisation said on Monday, shortly after President Donald Trump said the U.S. would start helping free ships stranded in the Gulf by the U.S.-Israeli war on Iran. Trump provided few details about the plan, which he said would start … Read more
One of the world’s largest credit rating agencies says surging global energy prices related to the Iran war could help tackle the deficit in Newfoundland and Labrador.
DBRS Morningstar says the province’s recent budget — with a deficit of $688 millio…
Five things to watch for in the Canadian business world in the coming week:
Loblaw results
Loblaw Cos. Ltd. will release its first-quarter results on Wednesday morning before markets open. The grocery and drugstore retailer has been working to build i…
Minister of Energy and Natural Resources of Canada Tim Hodgson delivers a keynote address at the CAOEC Spring Luncheon in Calgary on May 1, 2026 By Yogi Schulz At a May 1, 2026 luncheon hosted by the Canadian Association of Energy Contractors (CAOEC) and the Explorers and Producers Association of Canada (EPAC), Minister Tim Hodgson … Read more
CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for June delivery in Hardisty, Alberta, settled at $16.30 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $17 in mid-April. * While the discount has narrowed, the price … Read more
Asset integrity in oil and gas has never been more critical—or more complex. With aging infrastructure, increasing regulatory pressure, and the growing demand for operational efficiency, traditional inspection methods are no longer enough to keep up. At its core, asset integrity management is about reducing the risk of failure, particularly from issues like corrosion, cracking, … Read more
Saudi Arabia is able to divert the bulk of crude exports to the Red Sea By Andrey Biryukov The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the United Arab Emirates seeing a … Read more
Trump didn’t elaborate on the Iranian participants in the latest talks, or when they occurred By Patrick Sykes, Eltaf Najafizada and Josh Wingrove U.S. President Donald Trump expressed displeasure with the current state of negotiations with Iran, blaming disjointed leadership in Tehran for preventing a deal to end the nine-week conflict that’s triggered a global … Read more
By Yousef Saba, Ahmad Ghaddar and Maha El Dahan Saudi Arabia’s energy minister Prince Abdulaziz is half-brother of Crown Prince Early years of diplomatic touch have transformed into an iron grip on OPEC UAE exit a critical test for Prince Abdulaziz’s influence over oil markets May 1 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin … Read more
North American stock markets were mixed on Friday, with the TSX in negative territory while U.S. markets reached more records.
The S&P 500 climbed 0.3 per cent to its latest all-time high as it closed out a fifth straight-winning week. That’s its long…
Iran sends peace talks proposal to Pakistani intermediaries Brent crude and WTI on track for strong weekly gains UAE official says unilateral Iranian arrangements for Hormuz cannot be trusted HOUSTON, May 1 (Reuters) – An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, but prices remained on track for … Read more
(Reuters) – A senior United Arab Emirates official said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides as efforts to end the Iran war remained at an impasse. Two months into the conflict, the vital sea … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid-March, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by three to … Read more
(Reuters) – The United Arab Emirates’ withdrawal from OPEC is widely seen as lessening the clout of the producer group and initiating a race to boost output, ultimately resulting in sharply lower crude oil prices. However, the U.S. and Israeli war against Iran has upended global crude markets to such an extent that expecting what … Read more
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI) is pleased to announce the closing of its previously announced acquisition of Teine Energy Ltd.’s (“Teine Energy”) Chauvin Infrastructure Assets (the “Transaction”). Through the Transaction, Gibson has acquired a crude … Read more
Quarterly net income of $940 million Cash flows from operating activities of $756 million and cash flows from operating activities excluding working capital1 of $1,239 million Quarterly Upstream production of 419,000 gross oil-equivalent barrels per day Kearl quarterly production of 259,000 total gross oil-equivalent barrels per day (183,000 barrels Imperial’s share) Cold Lake quarterly production … Read more
Safety and operational excellence drive seven delivery records across North America Approves US$1.5 billion Columbia Gas expansion project, extending reach into high-demand market CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “We … Read more
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, April 30, 2026 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead” or the “Company“) (TSXV: FHR) is pleased to announce financial and operating results for the three and twelve months ended December 31, 2025 and to provide the results of its independent oil and gas reserves evaluation … Read more
By Jack Mintz Prime Minister Mark Carney often refers to the marginal effective corporate tax rate (MECTR) on new investment as an indicator that Canada is the most tax competitive economy for investment among the G7 countries. However, is that the case? Remember that tax competitiveness is not just in relation to G7 countries that account for … Read more
Deep uncertainty around public policy fiscal management and Indigenous relations is causing international investors to exercise caution on greenfield projects By Karen Graham Karen Graham, MA, MPP, Principal of KMG Strategy By Resource Works More News and Views From Resource Works Here It should not be normal in a country self-described as an “energy superpower” … Read more
By Alex Whalen In its first legislative session, the Wakeham government has proposed changes to Newfoundland and Labrador’s Future Fund, which would largely gut the concept, to the detriment of Newfoundlanders and Labradorians. For those who may be unfamiliar, the Furey government established the fund in 2022 to save a portion of resource royalties from the province’s … Read more
By Humeyra Pamuk and Tala Ramadan UAE bans citizens from visiting Iran, Lebanon and Iraq Trump ‘OK’ with Iran playing in World Cup Briefing scheduled for Trump on Thursday about strike options by US military, US official says US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high, … Read more
(Reuters) – Why have global equity markets been so resilient to the Iran oil shock? Because $100 a barrel oil doesn’t mean what it used to. Brent crude has risen around 70% since the Iran war began on February 28 to over $120 per barrel, as of early Thursday. Yet global equity markets, though volatile, … Read more
Imperial Oil Ltd. is capitalizing on strong pricing for diesel and jet fuel by boosting how much of those products its refineries churn out.
“Certainly in this time period, we’ve been maximizing our production of diesel and jet molecules over gasolin…
Summary Brent crude and WTI on track for strong weekly gains UAE’s Gargash says unilateral Iranian arrangements for Hormuz can’t be trusted Iran threatens painful response if U.S. renews attacks (Reuters) – Oil prices steadied but remained on track for weekly gains on Friday as efforts to halt the Iran war remained at an impasse, with Tehran … Read more
Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Company“, or the “Corporation“) Calgary, Alberta–(Newsfile Corp. – May 1, 2026) –Overview of 2025 & 2026 OutlookProspera Energy is pleased to report its operational and financial results for the year ended December 31, 2025, together with its independently evaluated reserves prepared by Sproule ERCE … Read more
Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) Calgary, Alberta–(Newsfile Corp. – May 1, 2026) -Dear Prospera Shareholders,The last eighteen months have been the most consequential in Prospera Energy’s history. Since management and board restructured on October 31, 2024, we have spent every day building the operational, strategic, and cultural foundation of a disciplined heavy … Read more
CALGARY, AB, April 30, 2026 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three months ended March 31, 2026, guidance increase and increase in quarterly dividend. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements … Read more
TC Energy Corp. announced plans to expand its Columbia Gas system in the U.S. as it reported $899 million in net income attributable to common shareholders for its first quarter, down from $978 million a year earlier.
The pipeline company says the pro…
Prime Minister Mark Carney says a new oil pipeline out of Alberta is “more likely than not.”
In his first sit-down interview with The Canadian Press since becoming prime minister more than a year ago, Carney said Friday that given the increased global…
United States Trade Representative Jamieson Greer told Canadians looking for insights into the future of bilateral trade this week that “America First” is policy, not a slogan, and they should not expect a return to the way things were.
Sources who at…
By Kevin Crowley, Edward Ludlow, and Caroline Hyde The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said. “We are talking about roughly 900 million barrels that haven’t been … Read more
Equinor has awarded contracts for front-end engineering and design work on its proposed Bay du Nord oil project off the east coast of Newfoundland.
The Norwegian energy giant has tapped Subsea Integration Alliance for design and engineering work on th…
Alberta Premier Danielle Smith says a key approval for a cross-border oil pipeline project to deliver more of the province’s crude to the United States is coming after years of advocacy from her government.
U.S. President Donald Trump has signed a pre…
A massive wildfire quickly spread into the oilsands city of Fort McMurray, Alta., on May 3, 2016. It forced more than 90,000 people out of the region, damaged or levelled 2,500 homes and scorched nearly 5,900 square kilometres of forest.
Its cause …
Bank of Canada governor Tiff Macklem says he’s “encouraged” by the federal government’s efforts to diversify the economy and protect it against increasingly common shocks to global trade.
He also says Ottawa’s fiscal update, tabled earlier this week, …
CALGARY, AB, April 30, 2026 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce the filing of its audited financial and operating results for the three and twelve months ended December 31, 2025. The selected financial and operating information provided below should be read in conjunction with Westgate’s audited … Read more
CALGARY, Alberta, April 30, 2026 (GLOBE NEWSWIRE) — Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) announces its financial and operating results for the three months ended March 31, 2026. Operations Update Yangarra had an active Q1 program, with six wells drilled and seven wells completed. With higher oil prices, the Company elected to continue drilling Belly River … Read more
The proposed project will transport Canadian crude from the U.S.-Canada border to Wyoming U.S. President Donald Trump on Thursday signed an order authorizing a proposed project to transport Canadian oil across the border as part of an effort to revive parts of the cancelled Keystone XL pipeline. South Bow, the Canadian pipeline company behind … Read more
Calgary, AB, April 30, 2026 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report first quarter 2026 financial and operating results. The financial and operating highlights presented below are for Advantage Energy Ltd. only and exclude its subsidiary Entropy Inc. 2026 First Quarter Financial Highlights Cash provided by operating activities of $118.3 million. Adjusted funds … Read more
CALGARY, AB, April 30, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it expects to release its first quarter 2026 results before markets open on Thursday, May 14, 2026. The release will be followed by a conference call and webcast that have been scheduled for Thursday, May 14, 2026, at 8:00 AM Mountain Time (10:00 AM … Read more
A closely watched global crude benchmark briefly touched its highest price since war erupted in the Middle East more than two months ago before retreating on Thursday, as a resolution to the supply squeeze in the Strait of Hormuz remains elusive.
Bre…
Federal investigators say a train crash in Metro Vancouver in 2023 where about 8,000 litres of diesel fuel was spilled was likely caused by the crew missing a warning to slow down in preparation to stop.
The Transportation Safety Board says the crash …
(Reuters) – European oil majors’ first-quarter profits were lifted by bumper trading gains as the Iran warupended supply chains, underscoring how the ability to shift barrels around the world can sometimes trump pumping them out of the ground. BP, Shell and TotalEnergies have spent years building vast oil trading machines that now sit at the … Read more
Commentary by Monica Justason, President and CEO of the New Brunswick Business Council. The NB Power Comprehensive Review arrives at a consequential moment. The province is navigating real economic pressures like rising costs, a tightening labour market, and global uncertainty that makes planning harder than it used to be. Against that backdrop, the energy system’s ability to … Read more
What a view from the Port of Antwerp reveals about urgency, pragmatism, and the opportunity across the Atlantic By Michelle Robichaud The New Brunswick delegation, including Premier Susan Holt (fourth from right) is given a bird’s-eye walkthrough of Belgium’s Port of Antwerp-Bruges during a recent trade mission. (photo by Michelle Robichaud) Michelle Robichaud is the … Read more
By Keira Wright Australia’s liquefied natural gas exporters are missing out on meeting rising Asian demand because of a lack of capacity that’s partially down to an uncertain investment environment, according to Chevron Australia Corp. Demand for Australian LNG, particularly from Japanese buyers, is outstripping operational supply limits, said Chevron Australia’s Managing Director Balaji Krishnamurthy. … Read more
By Vladimir Soldatkin and Anton Kolodyazhnyy Russia’s Novak: oil industry is facing its deepest crisis Novak: hard to talk about a price war amid market shortages Novak: Russia will stay in OPEC+, committed to its mechanism Novak: it may take several months for oil market to recover MOSCOW, April 30 (Reuters) – Russia’s Deputy Prime … Read more
A joint federal-provincial regulator says a U.K. company has won the rights to explore for oil and gas in the water off Nova Scotia.
The Canada-Nova Scotia Offshore Energy Regulator says Inceptio Oil and Gas Ltd. has committed $210 million for explora…
By Humeyra Pamuk and Tala Ramadan Iran vows painful response to any new US attack Trump to be briefed on options by US military US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high WASHINGTON/DUBAI, April 29 (Reuters) – Iran said on Thursday it would respond with “long … Read more
PARIS, April 30 (Reuters) – The world is facing its biggest energy crisis in history due to disruption caused by the conflict with Iran, reaffirmed International Energy Agency head Fatih Birol on Thursday. “The oil markets and gas markets are going through big difficulties. When I looked last time, the oil price was over $120 … Read more
Shares in Precision Drilling Corp. are trading lower after the oil and gas services firm reported lower first-quarter profits that missed analyst expectations.
The stock was 7.5 per cent lower in late-morning trading at $129.52 on the TSX.
The Calga…
Generated Adjusted EBITDA(1) of $137 million, up 13% year-over-year, and 21% on a per basic share basis Expecting annual results to trend toward the high end of 2026 Adjusted EBITDA guidance of $520 to $550 million Increasing 2026 growth capital to approximately $100 million (from $75 million) to advance high-return infrastructure projects in capacity constrained regions … Read more
(Reuters) – Iran’s new Supreme Leader Mojtaba Khamenei said in a published written message on Thursday that a new chapter for the Gulf and Strait of Hormuz has been taking shape since the Iran war with the United States and Israel broke out on February 28. Iran’s Supreme Leader said that Tehran would secure the … Read more
(Reuters) – J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. companies once it is in a position to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group. The fourth-largest producer in OPEC said on Tuesday it would exit the group on May 1. … Read more
By Meghan Potkins This Article and More From Meghan Potkins Here Original: financialpost.com/commodities/energy/growing-confidence-canadian-lng-prospects-shell-ceo Shell PLC chief executive Wael Sawan said improved signals from Ottawa and the British Columbia government over liquefied natural gas projects have boosted the odds of a green light for an expansion at LNG Canada. “We’ve been growing in confidence in the … Read more
Apollo Global Management, Blackstone and KKR are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said. The trio, among the world’s largest asset management firms, are the remaining bidders in the auction process, run by Shell, which also garnered … Read more
Summary US puts pressure on allies to help open Strait of Hormuz Benchmark oil price touches four-year high Trump reported to be weighing new strikes, long blockade Iran weighing possible deal, says Pakistani source (Reuters) – The United States is pressing ahead with plans for an international coalition to open the Strait of Hormuz, according … Read more
Summary Brent projected to average $86.38 per barrel in 2026 WTI projected to average $80.07 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Analysts have increased their oil price forecasts for the second time since the Iran war began at the end of February as they factor in the prospect … Read more
AltaGas Ltd. reported $147 million in net income applicable to common shares, down from $392 million in the same quarter last year, weighed down by unrealized losses on its risk management contracts.
The company says the profit amounted to 47 cents pe…
By Jock Finlayson Against the backdrop of an ongoing war that has disrupted shipments of oil and liquefied natural gas through the Strait of Hormuz, where do matters stand when it comes to the much discussed global “energy transition”? A common narrative among politicians is that we’re witnessing a historic energy revolution, which involves a … Read more
By Richard MacIntosh The USA recently rejected a pipeline from Canada (Alberta) to be paid for by a Canadian pipeline company, along with Alberta tax dollars plus Canadian oil at a reduced rate. Now, the USA is asking American Oil Companies to spend $100 Billion dollars in Venezuela instead. This shift reveals a jarring irony … Read more
New Brunswick is a province rich in natural resources and its diversity of energy assets. Its electricity distribution system has a total generating capacity of 4,415 Megawatts (MW) and is produced by assets like hydropower stations, windfarms, thermal plants, combustion turbines, biomass facilities, and the only nuclear station in Atlantic Canada. New Brunswick is also home to … Read more
By Jock Finlayson What are we to make of the new $25 billion “Canada Strong Fund” (CSF) announced by Prime Minister Mark Carney earlier this week? The prime minister pitched the fund as part of a larger plan to kick-start a moribund economy by super-charging investment, after a decade of alarmingly weak business capital spending, … Read more
Summary Global oil benchmark Brent hits $126.41 a barrel, highest since March 2022 US considers possible military action to break Iran negotiation deadlock, news report says Oil supply disruptions persist as Strait of Hormuz remains closed OPEC+ to raise output quotas slightly; UAE exit seen as limited near-term market impact (Reuters) – Global oil prices … Read more
Newfoundland and Labrador’s Progressive Conservative government tabled its financial plan for the 2026-27 fiscal year on Wednesday. The budget forecasts a deficit of $688.5 million and a $20.8 billion net debt by the end of the 2026-27 fiscal year.
He…
This is not a sovereign wealth fund (SWF) in any serious sense. Traditional SWFs are built from genuine surpluses — not new borrowing—and invest in foreign assets for long-term objectives. The “Canada Strong Fund” is a domestically trapped, politically motivated, potential slush fund dressed up in Norwegian clothing. By The Nemeth Report On April 27, 2026, Prime Minister Mark … Read more
CALGARY, AB, April 29, 2026 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2026. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related management’s discussion and analysis … Read more
Whitecap Resources Inc. is boosting its production outlook for 2026 after it churned out record output for the first three months of the year.
The Calgary-based oil and gas company is increasing its full-year production targets by 7,500 barrels of oi…
Canada’s oil and gas producers are drawing renewed interest from global energy majors as the Middle East conflict has heightened the country’s attractiveness to the world’s biggest operators, with Shell’s $16.4 billion agreement to buy ARC Resources the clearest sign of the shift. TotalEnergies and ConocoPhillips are among the companies taking a fresh look at Canadian competitors, alongside Equinor and BP. Companies have … Read more
(Reuters) – U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates’ move to pull out of OPEC and said he thinks the move could help lower oil prices. “I think it’s great,” Trump said when asked by reporters at the White House what he thought of the UAE’s decision. The UAE – one … Read more
Premier Danielle Smith issued the following statement after the federal government’s spring Economic Update: “I am pleased to see the federal government include Enhanced Oil Recovery (EOR) as an eligible use under the Investment Tax Credits in its latest economic update. “Our government advocated strongly for the inclusion of EOR in carbon capture, utilization … Read more
(Reuters) – The United Arab Emirates’ decision to quit OPEC and OPEC+ has brought years of tensions with Saudi Arabia out into the open, marking a strategic break with Saudi-led oil governance in a rebalancing of power shaped by the Iran war. Political analysts and regional experts said the move to leave the groups of … Read more
(Reuters) – U.S. drivers can expect another spike in gasoline prices in the coming days, just as the summer driving season gets underway, as the conflict in Iran drives oil prices higher and pushes countries around the world to call on American energy supplies. Gasoline demand typically peaks in the summer as many Americans embark … Read more
Executives at Canadian National Railway Co. say higher demand for energy, potash and other commodities generated by the war in the Middle East work to the company’s advantage, even as rising fuel costs weigh on profits.
The country’s largest railway e…
(Reuters) – U.S. President Donald Trump on Wednesday urged Iran to ‘get smart soon’ and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran’s ports. In a post on Truth Social, Trump, who has said Iran can call … Read more
(Reuters) – Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East supply, traders and analysts said. Since the U.S.-Israeli war on Iran that began on February 28 caused the near-total closure of … Read more
(Reuters) – The United Arab Emirates’ decision to quit OPEC would result in faster oil supply growth from the country as it comes out of the current crisis, Barclays said late Tuesday. The UAE, the fourth-largest producer in the Organization of the Petroleum Exporting Countries, said on Tuesday it would exit the group on May … Read more
(Reuters) – The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE official told Reuters on Wednesday, a day after Abu Dhabi announced its withdrawal from OPEC. The Emirati official, who spoke on the condition of anonymity, said the country is reviewing … Read more
Summary Benchmarks on multi-day rally amid Strait of Hormuz closure UAE OPEC exit unlikely to boost near-term supply, analysts say US to extend Iran port blockade, WSJ says US crude inventories fall for second week Oil prices rose 3% on Wednesday, with the Brent contract hitting a one-month high, on media reports the U.S. will … Read more
Global energy heavyweight Shell PLC’s plan to buy one of Canada’s biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say.
The deal to buy Calgary-based ARC Resources Ltd. is va…
The Bank of Canada is widely expected to keep its benchmark interest rate unchanged at 2.25 per cent when it announces its latest decision later this morning.
The central bank is also set to release its latest economic forecast in its quarterly monet…
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to work harder to find savings as the fiscal update shows this year’s spending is already projected to be $6.5 billion over budget. “Carney just released his budget six months ago and he’s already on track to spend $6 billion over budget,” said … Read more
And for heavy-duty ammonia as a source of hydrogen By Don MacLachlan Graphic from Alberta’s Hydrogen 101 By Resource Works More News and Views From Resource Works Here Development in Canada of hydrogen as a “clean” fuel and resource has been slower than generally hoped for — but Alberta is trying to set a pioneering … Read more
A hereditary chief and several environmental groups argue province was wrong to extend old approval for long-delayed pipeline By Gordon Hoekstra A Gitxsan hereditary chief and environmental groups are challenging a 2025 B.C. decision that kept a long-delayed 750-kilometre natural gas pipeline alive. After a five-year extension to an environmental approval certificate was granted in … Read more
The new tax regime will be ‘simpler, more transparent, and aligned with today’s market,’ BC’s Energy Ministry said By Thomas Seal British Columbia Premier David Eby’s government is finalizing a new royalty regime on gas extraction that has caused jitters in the energy industry, with major new liquefied natural gas investments hanging in the balance. … Read more
By Jock Finlayson and Steven Globerman Assessing Canada’s Trade Dependence on the United States, 1999 to 2024 The current Canadian government has made diversification away from trade with the United States—and particularly Canadian exports to the United States—a national priority and has announced and implemented various initiatives reflecting this priority. In fact, over the past … Read more
(Reuters) – The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all-out price war once Gulf producers rush to regain market share when the Iran war is over. The surprise move comes at a time of unprecedented turmoil in … Read more
The spring economic update the federal government released on Tuesday seeks to formalize a pivot in climate policy that first appeared in last year’s energy agreement with Alberta.
In the 2025 budget, the Liberals promised to not make enhanced oil rec…
CALGARY, Alberta, April 28, 2026 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three months ended March 31, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available … Read more
The United Arab Emirates’ planned exit from OPEC and the wider OPEC+ alliance from May 2026 is expected to have limited immediate impact on oil markets but could weaken the group’s supply discipline and price-management ability over time, HSBC said in a research note on Tuesday. The UAE, one of OPEC’s largest producers, said on … Read more
By Craig Lord The Canadian Press The federal Liberals say they’re getting a windfall from better-than-expected fiscal revenues and are largely putting that money back into circulation to support households and build up the economy. Finance Minister François-Philippe Champagne on Tuesday tabled Canada Strong For All, a mid-year fiscal update that includes $54.5 billion in … Read more
CALGARY, AB, April 28, 2026 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its first quarter 2026 financial and operational results following the announcement of its execution of an arrangement agreement pursuant to which it will be acquired by Shell plc (“Shell”) on April 27, 2026. HIGHLIGHTS Shell Transaction On April 27, 2026, ARC announced … Read more
CALGARY, AB, April 28, 2026 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its first quarter 2026 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis (“MD&A”) as at March 31, 2026 and for the three months ended … Read more
Stock markets in Canada and the U.S. moved lower on Tuesday amid losses in tech stocks and rising oil prices due to the Middle East conflict.
“I think this has been the theme for the last little while — when oil’s up, everything else goes down, and …
(Reuters) – Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities … Read more
By Steven Globerman Prime Minister Carney recently announced his government’s intention to establish the “Canada Strong Fund,” a sovereign wealth fund (SWF) that will invest in key strategic Canadian companies and projects. While the government will provide more details about the fund’s mandate, structure and implementation plan over the coming months, the released information raises serious concerns … Read more
The plan for Shell to purchase ARC for US$13.6 billion is the biggest deal in the Canadian oilpatch in over a decade By Robert Tuttle and Mitchell Ferman Shell PLC.’s acquisition of Canada’s ARC Resources Ltd. marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports beyond the … Read more
On Tuesday, the Carney government will update Canadians on the state of federal finances. While early indications suggest that deficit projections will be lower than the government forecasted in November, the Carney government remains committed to the fiscal approach of the Trudeau era, which produced record levels of red ink and dismal economic growth. To quickly recap, … Read more
Kimmeridge on Tuesday urged shale producer Devon Energy’s incoming board to swiftly pursue asset sales, improve capital allocation and revamp executive pay to boost shareholder returns after its merger with Coterra Energy closes. Investment firm Kimmeridge, a well-known activist investor in the energy sector, holds about a 1.4% stake in Devon, according to LSEG data. … Read more
LONDON, April 28 – The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. Here are some analyst … Read more
Summary Trump unhappy with latest Iranian proposal to end war stalemate Iranian oil tankers turned back by US blockade ADNOC LNG tanker crosses Hormuz for first time since Iran war (Reuters) – Oil prices rose 3% on Tuesday, extending the previous session’s gains, as efforts to end the U.S.-Iran war appeared to have stalled, with … Read more
(Reuters) – The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. The loss of the UAE, a longstanding … Read more
More say Canada is on wrong track (42%) than right one (34%) April 27, 2026 – First anniversaries are a significant milestone in most aspects of life. That it has been one year since Prime Minister Mark Carney and the federal Liberals completed a stunning reversal of electoral fortunes and secured a minority government in the … Read more
Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd., bringing together the lead partner in Canada’s first operating liquefied natural gas project with a major producer in one of the continent’s most profitable shale regions.
Wael Sa…
Reuters Reporting Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province’s industrial emitters, two sources with knowledge of the talks said, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains … Read more
Prime Minister Mark Carney announced the creation of the country’s first-ever sovereign wealth fund on Monday, called the Canada Strong Fund.
Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that includ…
Canadian Prime Minister Mark Carney has unveiled the centrepiece of tomorrow’s spring economic update: a record deficit alongside $25 billion in new spending for a proposed national “fund”. The messaging from Carney’s team has been nothing short of creative, branding it the “Canada Strong Fund”—invoking patriotism, describing it as a “sovereign wealth fund”—suggesting national autonomy, … Read more
By Jeff Desjardins Key Takeaways China accounts for 51.7% of global coal consumption, using more than all other countries combined. The top six countries make up 87% of global demand. India is a distant second at 11.7%, followed by Indonesia (9.0%). The U.S. and Australia each contribute about 5% of global demand. Coal consumption is more concentrated … Read more
By Anant Chandak and Indradip Ghosh BENGALURU, April 27 (Reuters) – Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep. The war’s knock-on effects have ripped through the energy market … Read more
By Aditya Soni, Akash Sriram and Stephen Nellis OpenAI can now sell products on Amazon and Google Cloud, expanding enterprise reach Microsoft aims to reduce reliance on OpenAI by developing its own AI models Ending exclusivity may ease antitrust scrutiny in US, UK, and Europe OpenAI’s demand on Amazon’s cloud described as staggering in internal … Read more
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