ADNOC Eyes Canada Upstream and LNG via XRG Arm
ADNOC's executive reveals the company is exploring upstream and LNG opportunities in Canada through its XRG arm, signaling major energy sector expansion.
Category : Energy Sector
Canada's Trade Surplus Hits $2.7B in May on Oil Boost
Canada's merchandise trade surplus reached $2.7 billion in May, driven by higher oil prices boosting export values. The surplus reflects strong energy sector performance.
Peak Power Strengthens Board with Two New Directors
Peak Power adds Doran Hole and Benjamin Baker to its board as battery storage demand surges. The appointments aim to scale energy optimization solutions across North America.
Global Energy Show starts with minister, Alberta premier
Canada's natural resources minister and Alberta premier will open the Global Energy Show in Calgary, highlighting energy innovation and policy.
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Alberta Natural Gas for Data Centres vs Clean Power Goals
Alberta promotes cheap natural gas to attract data centres, conflicting with Canada's clean energy targets. Critics warn it could undermine climate commitments.
Gold Overtakes U.S. Treasuries as Top Reserve Asset
Central banks now hold more gold than U.S. Treasuries, with bullion's share rising to 27% amid geopolitical tensions and price surges, signaling a shift away from the dollar.
Waters Launches Coin Cell DSC for Enhanced Battery Safety
Waters Corporation introduces the Coin Cell DSC, integrating thermal, evolved gas, and electrochemical analysis in one experiment to advance battery safety and reduce preparation time by over 90%.
P.E.I. Gas Prices Up Nearly Three Cents, Diesel Stable
Prince Edward Island gas prices increased by nearly three cents overnight, while diesel prices remained unchanged. The hike affects residents and businesses across the province.
Debate Over Cost of Extending Sask. Coal Plants Continues
Two independent cost analyses offer differing views on SaskPower's proposed $26B coal refurbishment, sparking ongoing debate about the project's economic viability.
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Helium Shortage Sparks Call for Canadian Production
A global helium shortage, exacerbated by Middle East conflict, prompts experts to urge Canada to boost domestic production and reduce reliance on imports.
Thousands Flock to Calgary for Global Energy Show
Calgary hosts the Global Energy Show with 30,000 attendees, featuring industry leaders and global investors amid geopolitical uncertainty and high commodity prices.
North Korea Economy Surges Amid East-West Realignment
North Korea's economy grew 3.7% in 2024, fastest in 8 years, driven by ties with Russia and China. New prosperity signs include pizza, mobile payments, and EVs.
ASKO DW60 Dishwasher Series Sets New Standards
ASKO launches DW60 dishwasher series with 17 place settings, ultra-quiet 37-38 dB(A), UV Cleanse mode, and iF Design Award 2026. Sustainable, durable, and smart.
Bruce Power Unit 3 Refurbishment Done Early, Under Budget
The refurbishment of Bruce Power's Unit 3 reactor was completed ahead of schedule and under budget, according to the Ontario government, marking a milestone for nuclear energy.
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European Utility Seeks Supply Deal with Ksi Lisims LNG
Another European utility is looking to secure long-term supply from the proposed Ksi Lisims LNG project in British Columbia, signaling growing demand for Canadian natural gas.
OPEC+ Approves Fourth Oil Output Hike Since Hormuz Closure
OPEC+ has approved a fourth increase in oil output since the closure of the Strait of Hormuz, aiming to stabilize global markets amid ongoing geopolitical tensions.
EcoFlow Early Prime Day Deals: Save Up to 63% on Backup Power
EcoFlow announces early Amazon Prime Day deals from June 8 to July 3, offering up to 63% off on home backup and portable power solutions, including the DELTA 3 Series.
Canola's Fastest-Growing Market Is Energy, Not Food
Canadian oil refineries are pivoting to canola for renewable diesel, driven by Clean Fuel Regulations, adding $600M in farm value and boosting farmer incomes.
Ottawa Landfill Capacity Extended as Waste Declines
Ottawa's Trail Road Landfill now has 9.3 years of capacity left, thanks to residents throwing out less waste. The city reports a significant reduction in garbage sent to the landfill.
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Oil prices surge as Iran conflict flares; global stocks dip
Oil prices jump amid rising Iran tensions, while global stock markets decline due to a sell-off in technology shares. Markets react to geopolitical and sector shifts.
Lumissil Unveils Dual-Channel LED Controller for 48V Auto
Lumissil Microsystems introduces the IS32LT3962, a dual-channel LED controller for 48V automotive lighting, enabling single-IC solutions for headlights, DRLs, and turn signals.
High fuel costs to trigger airline failures and consolidation
An industry chief warns that soaring fuel costs will lead to airline bankruptcies and consolidation, reshaping the aviation sector.
Nearly 1,500 Without Power in Essex County
Hydro One reports almost 1,500 customers in Essex County are without electricity. Crews are working to restore power. No estimated restoration time yet.
Why Oil Prices Stay Below $100 Despite Historic Supply Shock
Despite the largest supply shock in history from the Strait of Hormuz closure, crude oil remains below $100 a barrel due to workarounds like record US exports and Chinese demand slowdown.
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Rising Petrol Prices Squeeze Gas Station Profits: FP Video
FP Video explores how high gas prices hurt station profits, Canada's pipeline industry shift, US interest in Canadian real estate, and a looming labour crunch as retirements soar.
Smith Promises Pipeline Proposal to BC Coast by Canada Day
Alberta Premier Danielle Smith pledges to submit the pipeline proposal to BC coast to the Major Projects Office by Canada Day, aiming to boost energy exports.
Mactaquac Dam Refurbishment Faces New Questions on Cost
A scathing report on NB Power's gas plant raises concerns about the Mactaquac Dam refurbishment costs in New Brunswick, prompting calls for greater transparency.
Turkey Proposes Pipeline Expansion for NATO Fuel Security
Turkey seeks to connect underground fuel pipelines as part of a $28 billion NATO infrastructure expansion to enhance fuel security amid supply disruptions from conflicts in Iran and Ukraine.
Iran Conflict Adds $648 in Fuel Costs for Canadian Families
A new report reveals the Iran conflict will cost the average Canadian household $648 in extra fuel costs this year, with gas prices soaring 44% in Ontario.
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Monette to Sell 274,000 Acres to Cut $1 Billion Debt
Monette Farms Ltd. is liquidating up to 274,000 acres of farmland to pay down $1 billion in debt, aiming to restructure under creditor protection.
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