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.
Category : Search result: offshore oil drilling
First Natural Hydrogen Well Drilled in Canada
MAXPOWER drills Canada's first natural hydrogen well in Saskatchewan, marking a major milestone in clean energy exploration. Learn about this groundbreaking development.
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.
GFG Reports High-Grade Gold Results in Timmins Drilling
GFG Resources announces significant gold intercepts including 1.05 g/t Au over 71.0 m at Aljo Project in Timmins Gold District. Company launches aggressive regional exploration program across Goldarm Property.
West Red Lake Gold Starts Fork Deposit Drilling
West Red Lake Gold Mines begins 3,000-meter drill program at Fork Deposit near Madsen Mine in Ontario. The high-grade gold target could boost near-term production.
Newfoundland premier vows oil industry comeback
Newfoundland and Labrador Premier Tony Wakeham pledges to revitalize province's oil sector ahead of crucial meeting with federal officials. Get the latest developments.
NovaGold Reports High-Grade Gold Results & Legal Victory
NovaGold Resources announces exceptional 2025 drill results with intercepts up to 26.22 g/t gold at Donlin Gold project, plus favorable Alaska Supreme Court ruling on permits. The project advances toward Bankable Feasibility Study.
Canada Reaches Deal for New West Coast Oil Pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed on a deal to support a new oil pipeline to Canada's west coast, marking a major political breakthrough.
Canada's New Energy Pact to Spur Oil Pipeline Development
Canadian oil industry welcomes new federal-provincial energy agreement that could pave way for Pacific coast pipeline and address key energy policies. Read the details.
CRA tip line recovers $490M in unpaid taxes since 2018
The CRA's confidential tip line has identified nearly $490 million in unpaid federal taxes since 2018, targeting international tax evasion. Discover how the program works.
Pipeline veterans vow to fight new BC coast projects
Veterans of previous oil pipeline battles pledge to oppose any new proposals on BC's north coast, drawing from past protest experience. Learn about the renewed environmental fight.
B.C. says it was excluded from pipeline talks
B.C. Premier David Eby says his government was not consulted about rumoured pipeline negotiations between Ottawa and Alberta, warning the project risks real jobs and prosperity.
Trump Administration Plans New Offshore Oil Drilling
The Trump administration reveals controversial plan for new oil drilling off California and Florida coasts, sparking immediate environmental concerns and political opposition.
GoldHaven Drilling Hits Sulphides at Brazil Gold Project
GoldHaven Resources announces significant sulphide mineralization discovery at its Copecal Gold Project in Brazil, intersecting pyrite and chalcopyrite in drill hole COP-004.
Aduro's Plastic-Derived Oil Successfully Steam-Cracked
Aduro Clean Technologies achieves milestone as its Hydrochemolytic™ oil from waste plastics proves compatible with industrial steam crackers without costly pretreatment, advancing circular plastics.
Liberal MP Warns Oil Tanker Ban Debate Will Be Contentious
Liberal MP Karina Gould predicts contentious debate over lifting BC oil tanker ban as Ottawa negotiates with Alberta. Coastal communities' voices crucial in national conversation.
U.S. crude stocks fall on higher demand, EIA says
U.S. crude oil inventories fell significantly due to rising demand, while fuel stockpiles increased, according to the EIA. Explore the key market drivers and implications.
Canterra Hits 7.73% Copper Equivalent in Newfoundland
Canterra Minerals intersects high-grade copper, zinc, and gold in step-out drilling at its Buchans Project in Newfoundland, expanding the mineralized zone.
Alberta Premier Smith Negotiating MOU with Ottawa
Alberta Premier Danielle Smith reveals ongoing MOU negotiations with the federal government, seeking pipeline expansion and addressing unpaid oil and gas taxes affecting rural municipalities.
Saint John's Golden Ball Building Sold, May Be Demolished
Irving Oil's iconic Golden Ball building in Saint John has been sold and could face demolition. Learn about this significant development for New Brunswick's landscape.
Canadian Oil Sands Make Comeback Amid U.S. Shale Slowdown
Canada's oil sands industry is experiencing a major resurgence as production hits record highs and investor interest surges, driven by the Trans Mountain pipeline expansion and plateauing U.S. shale output.
Danielle Smith's Pipeline Deadline to Carney Expires
Alberta Premier Danielle Smith's deadline for Prime Minister Mark Carney on West Coast oil pipeline has passed. Read about the implications for Canada's energy future and national unity.
Revival Gold Intersects 1.4 g/T Gold Over 44.2 Meters
Revival Gold reports significant gold intersections at Mercur Project in Utah, with shallow drilling revealing expansion potential beyond current mine plan estimates.
IEA and OPEC at Odds Over Oil Demand Forecast
A record gap between IEA, OPEC, and EIA oil demand forecasts creates market confusion. Discover the implications for Canada's energy sector and global prices.
Wallbridge 2025 Drilling Reveals Robust Gold System
Wallbridge Mining's 2025 drilling program confirms extensive gold mineralization at Martiniere, revealing high-grade intercepts up to 115 g/t Au. The results demonstrate significant growth potential for the Quebec gold project.
Brunswick Drills 47.2m at 1.66% Li2O in Quebec
Brunswick Exploration announces significant lithium intercepts at Anatacau Main Project in Quebec, including 47.2 meters at 1.66% Li2O within 120.7 meters at 1.31% Li2O.
Western Canada's Fury Over Missing Pipeline Plan
Alberta and Saskatchewan leaders express outrage as Mark Carney's latest nation-building projects exclude crucial oil pipeline, threatening western Canadian economic interests.
Ukraine attacks Russian oil refinery in Ryazan
Ukrainian military confirms strike on Russia's Ryazan oil refinery in latest escalation. Read the latest developments in the ongoing conflict and its global implications.
Markets brace for rush of U.S. data after shutdown
Currency markets have been flying blind without U.S. economic data. Get insights on the market impact, oil price forecasts, and Black Friday retail trends.
Alberta pipelines face capacity crunch as production grows
Alberta's pipeline network approaches capacity as province targets 8 million barrels daily by 2035. Can optimization projects prevent another price crisis?
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