Category : Energy Sector


Alberta Oil Production Sets New Record in 2025

Alberta's oil industry has achieved another annual production record, with output reaching unprecedented levels in 2025. This milestone underscores the sector's continued economic importance amid ongoing national energy debates.

Oil Prices Fall on Easing U.S.-Iran Tensions

North American oil prices declined sharply as diplomatic talks between the U.S. and Iran reduced geopolitical fears, affecting Canadian producers and potentially lowering fuel costs for drivers.

U.S. Plans Strategic Reserve for Rare Earth Elements

The Trump administration announces plans to create a national strategic reserve for rare earth elements, aiming to reduce dependence on foreign sources and secure critical supply chains for technology and defense.

Imperial Oil Shuts Norman Wells After Century of Production

Imperial Oil Ltd., an Exxon Mobil subsidiary, will close the historic Norman Wells oil production site in Canada's Northwest Territories after a century of operation, with production declining significantly from its peak.

OPEC+ Keeps Supply Pause as Oil Climbs on Iran Risk

OPEC+ reaffirms its three-month production freeze through March despite oil prices hitting four-month highs due to U.S.-Iran tensions. Key members led by Saudi Arabia and Russia leave future decisions for March meeting.

Trump's $12B Minerals Stockpile to Counter China

President Donald Trump is launching a $12 billion critical minerals stockpile called Project Vault to reduce U.S. reliance on Chinese rare earths and secure supply chains for manufacturers.

Devon and Coterra Merge in $58 Billion Shale Deal

U.S. energy giants Devon Energy and Coterra Energy have agreed to a monumental $58 billion merger, signaling a major consolidation within the North American shale oil and gas sector.

Darlington Nuclear Refurbishment Done Under Budget

Ontario Power Generation has successfully completed the refurbishment of the Darlington nuclear plant, finishing ahead of schedule and under the allocated budget, according to the provincial minister.

Propane Explosion Injures Three in RM of Taché

A dangerous explosion at a propane distribution facility in the RM of Taché has left three individuals injured, prompting a significant emergency response from local firefighters.

Milton Hydro's Digital Overhaul Boosts Efficiency

Milton Hydro has successfully transformed its manual scheduling processes into a modern digital platform, achieving measurable cost savings and improved operational efficiency for its 44,000 customers.

India Wants More Canadian Crude from West Coast

Energy Minister Tim Hodgson states India's desire for more Canadian crude oil exports via the West Coast, highlighting potential trade growth and energy cooperation between the two nations.

B.C. AI and Data Centres Must Compete for Power

British Columbia introduces a new competitive selection process requiring AI and data centre projects to vie for electricity access, as Energy Minister Adrian Dix announces policy at BC Hydro headquarters.

Aduro Clean Technologies Closes Over-Allotment Option

Aduro Clean Technologies has successfully closed the underwriter's over-allotment option in its public offering, issuing additional shares and warrants for approximately US$3 million in gross proceeds.

NS Government Opposes NS Power Rate Hike Request

The Houston government in Nova Scotia has formally requested the provincial energy board to deny Nova Scotia Power's application for a rate increase, citing affordability concerns for residents.

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