Baytex Energy Plans Up to $625M in 2026 Capital Spending
Calgary-based Baytex Energy Corp. reveals its 2026 capital expenditure plan, targeting $550 to $625 million. The investment focuses on sustaining production in key Canadian oil fields.
Category : Search result: oil spill
U.S. seizes oil tanker off Venezuelan coast
U.S. authorities have seized an oil tanker near Venezuela, officials confirmed on December 20, 2025. The operation marks a significant escalation in maritime enforcement actions in the region.
Canada's Pipeline Shield Protects Oilpatch from 'Super Glut'
As oil prices near a five-year low, Canada's expanded pipeline network offers critical shelter from a potential 2026 supply glut, putting producers in a stronger position than during the 2018 crisis.
Oilsands Producers Plan Growth Despite Crude Price Decline
Canada's major oilsands companies, led by Cenovus, forecast higher 2026 output despite a looming global supply glut. Discover how pipeline capacity is driving this counter-cyclical strategy.
Trump Orders Venezuela Oil Blockade, Markets React
Global markets react as former President Trump orders a blockade of oil tankers to Venezuela, sending oil prices higher. Meanwhile, Canadian stocks show gains amid domestic news.
Trump Orders Naval Blockade on Venezuela Oil Tankers
President Trump announces a blockade of sanctioned oil tankers bound for Venezuela, escalating military pressure to cripple the Maduro regime's economy. Read the latest on this major foreign policy move.
Trump orders naval blockade on Venezuela-bound oil tankers
President Trump escalates pressure on Maduro, ordering a blockade to stop sanctioned oil tankers from reaching Venezuela. The move marks a significant hardening of U.S. policy.
Analyst Predicts Dramatically Higher Oil Prices in 2026
Senior portfolio manager Eric Nuttall forecasts a significant surge in oil prices for 2026, citing industry underinvestment. Read his insights on Canada's energy outlook.
Highway 16 closed after semi-truck rollover, diesel spill
A section of Highway 16 west of Edmonton is closed following a serious semi-truck rollover and diesel fuel spill. Get the latest traffic and cleanup details.
Oil Climbs as Traders Weigh Tensions Against Surplus
Oil prices rose in volatile trading as geopolitical risks clashed with signs of a growing market surplus. WTI gained 1.6% while Saudi Arabia cut prices to Asia. Explore the factors driving the market.
U.S. crude, fuel inventories rose last week: EIA
The U.S. Energy Information Administration reported a rise in crude oil and fuel stockpiles for the previous week. Get the latest data on energy inventories and market implications.
Norway examines scenarios for economy after oil era
Norway initiates a comprehensive study to plan its economic transition away from oil dependency. Explore the strategies for a sustainable future.
Eby shifts pipeline stance after Ottawa-Alberta deal
B.C. Premier David Eby adopts resigned tone on northern pipeline after Ottawa-Alberta agreement. Eby pushes for oil spill response and refining capacity instead of opposition.
Reader Criticizes One-Sided Pipeline Political Debate
A North Vancouver reader argues politicians do a disservice by ignoring oil spill risks, citing Exxon Valdez. Calls for informed pipeline debate in Canada.
Liquid asphalt truck crash west of Cambridge causes highway closure
Major highway incident involving vehicle carrying 40,000 litres of liquid asphalt west of Cambridge. OPP warns drivers of ongoing traffic disruptions and safety concerns.
Oil supply surge to strain prices through 2026
Global oil markets face continued price pressure through 2026 as swelling supply outpaces demand. New analysis reveals production growth will challenge market stability.
B.C., First Nations oppose federal-Alberta pipeline pact
B.C.'s NDP government and Coastal First Nations vow to fight new pipeline agreement between Ottawa and Alberta that could bypass tanker ban and environmental protections.
Canada-Alberta MOU Paves Way for New Oil Pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a pivotal MOU to establish Canada as an energy superpower, clearing the path for a new pipeline. Read the details.
Alberta, Canada Sign Pact for New Oil Pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith sign a landmark MOU to advance a major oil pipeline to Asian markets, suspending key federal environmental laws.
Carney signs energy agreement with Alberta
Prime Minister Carney secures major energy agreement with Alberta, setting emissions targets for new oil pipeline construction. Read the full details of this historic deal.
Smith, Carney Sign West Coast Pipeline Agreement
Alberta Premier Danielle Smith and PM Mark Carney sign historic MOU for new oil pipeline through northern BC, addressing environmental regulations and economic growth.
Carney considers oil tanker ban adjustment for pipeline
Prime Minister Mark Carney agrees to suspend clean electricity regulations in Alberta and consider adjusting the oil tanker ban to enable new pipeline construction. Read the full details.
OPEC+ to Hold Oil Output Steady Through Q1: Sources
OPEC+ alliance likely to maintain current oil production levels through first quarter 2025, according to Reuters sources. Stay informed on global energy market developments.
Calgary Report: Canada's Energy Industry Faces Longer Rough Ride
New Enserva report reveals tough 2025 for Canada's oilpatch with one project potentially changing fortunes. Read analysis of energy sector challenges and opportunities.
B.C. Oil Tanker Ban: What You Need to Know
Prime Minister Mark Carney implements oil tanker ban on British Columbia's coast. Learn about the environmental protection measures and regional impacts of this significant policy decision.
Edmonton Oil Kings reveal special jerseys for Teddy Bear Toss
The Edmonton Oil Kings have unveiled a special city-themed uniform for their upcoming Teddy Bear Toss game. Get the details on this beloved WHL tradition.
BusinessEnergy predicts lower industry spending amid optimism
BusinessEnergy service group forecasts reduced industry spending but identifies reasons for optimism in Canada's energy sector. Learn about the shifting dynamics.
B.C. Coastal First Nations vow to block northern pipeline
Coastal First Nations in British Columbia declare unwavering opposition to proposed northern oil pipeline, citing environmental risks and Indigenous rights. Read their powerful stance.
Cenovus CEO says cost cutting will ensure long-term jobs
Cenovus Energy CEO Jon McKenzie announces strategic cost reductions following MEG acquisition to protect Canadian energy jobs and ensure company longevity.
Cenovus CEO touts oil future as scientists warn
Cenovus Energy CEO Jon McKenzie celebrates oil industry progress while climate scientists issue urgent warnings. Explore the dual narrative shaping Canada's energy future.
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