N.S. Premier Houston in Texas for Energy Opportunities
Nova Scotia Premier Tim Houston is back in Texas to promote energy opportunities, highlighting the province's potential in the sector. The trip aims to attract investment and partnerships.
Category : Energy Sector
Wall Street Wavers, Oil Climbs on Strait of Hormuz Concerns
Wall Street showed hesitation while oil prices rose amid growing uncertainty over the Strait of Hormuz, impacting global markets and energy supplies.
UAE Oil Chief: OPEC Exit Enables Faster Investment
UAE's exit from OPEC allows accelerated investment and expansion, says ADNOC CEO Sultan Al Jaber, aligning with national priorities for a resilient economy.
Oil Prices Surge Over 3% Amid Iran-US Tensions in Hormuz
Oil prices rose over 3% on Monday after Iran claimed it struck a US warship in the Strait of Hormuz, though the US denied. Brent crude hit $111.81, WTI $105.34.
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UAE Energy Minister: Produce Oil Without Restrictions
UAE Energy Minister Suhail Al Mazrouei stated the country owes it to investors to produce oil without restrictions, signaling a potential shift in OPEC+ dynamics.
Rising Oil Prices to Boost N.L.'s Economy: Credit Agency
A credit agency reports that surging global oil prices will positively impact Newfoundland and Labrador's fiscal outlook, improving the province's bottom line.
OPEC+ Hikes Oil Quotas, Mum on UAE Pull-Out
OPEC+ has agreed to raise oil production quotas, but the organization has not addressed the United Arab Emirates' potential withdrawal from the alliance.
Cooling Tower Replacement at Guelph City Hall
Guelph City Hall is set to replace its aging cooling tower system. The project aims to improve energy efficiency and reliability of the building's HVAC infrastructure.
Italy's cheese bank turns Parmigiano Reggiano into gold
Discover how Credem Bank in Italy stores Parmigiano Reggiano as collateral, transforming cheese into a unique financial asset in this fascinating report.
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Imperial Oil Cuts 130 Jobs Amid Restructuring
Imperial Oil cuts 130 jobs as part of restructuring to move headquarters from Calgary. CEO cites AI and automation for efficiency gains.
Trump Pipeline Permit: New Route for Canadian Oil, BC Coast?
Trump approves cross-border pipeline permit, boosting Canadian oil exports to US. Industry experts stress need for West Coast access to diversify markets.
Alberta Energy Sector Sees 'Profound Momentum' in New Projects
Alberta's energy sector reports strong momentum with new projects, improved federal relations, and rising global demand, signaling a robust future for the industry.
Privatizing Canada Post: Ending an Archaic Boondoggle
Canada Post lost $1.57 billion in 2025, its largest loss ever. Privatization is the only viable solution to end the financial drain on taxpayers.
Energy security hinges on pipelines, not wishful thinking
U.S. President Trump signed an executive order paving the way for a new Canadian crude pipeline. The article argues that energy security relies on oil and gas, not renewables.
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Canada Energy Minister: Alberta, Ottawa Still Share Vision on Pact
Canada's energy minister says Alberta and Ottawa still share a vision on their energy deal, despite half the issues being overdue. Industry remains cautiously optimistic.
United Way Inundated as Ontario Utility Moratorium Ends
Ontario's winter utility disconnection moratorium ended May 1, 2026, causing a surge in calls to United Way for assistance with overdue energy bills.
New US-Canada Pipeline Doesn't Eliminate West Coast Need
Canada's natural resources minister says a new pipeline to the US doesn't reduce the need for a west coast route to access Asian markets.
Moe Backs Revival of Canada-U.S. Pipeline Project
Saskatchewan Premier Scott Moe approves of a possible revival of the Canada-U.S. pipeline project, citing economic benefits and energy security.
World Faces Oil Rationing as Prices Surge, Warns Nuttall
Eric Nuttall warns the world is weeks from oil demand rationing amid the biggest energy crisis, with rising prices and geopolitical tensions.
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Imperial Oil Revenue Declines Year Over Year
Canadian oil company Imperial Oil reports a year-over-year revenue decline in 2026, reflecting challenges in the energy sector. The company's annual meeting highlighted ongoing financial pressures.
TC Energy backs $1.5B pipeline expansion in the US
Canadian energy giant TC Energy is investing $1.5 billion to expand a pipeline network in the United States, boosting capacity for crude oil transport.
UAE Exit from OPEC+ Questions Cartel's Grip on Oil
The UAE's departure from OPEC+ challenges the cartel's ability to control global oil supply, with potential impacts on prices and uncertainty for Canada's oil industry.
Saudi Arabia Set for Oil Windfall After Hormuz Closure
Saudi Arabia and Oman gain from higher oil prices amid Strait of Hormuz blockade, while UAE and others face revenue declines.
Colgate-Palmolive Warns of $300M Middle East Cost Hit
Colgate-Palmolive warns of a $300 million cost hit from the Middle East conflict, impacting earnings. The company cites supply chain disruptions and higher raw material costs.
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Imperial Oil Q1 profit falls to $940M from $1.29B
Imperial Oil reported a first-quarter profit of $940 million, down from $1.29 billion a year earlier, reflecting lower oil prices and refining margins.
Chevron Profit Beats Estimates on War-Driven Oil Surge
Chevron Corp. exceeded profit expectations as higher oil prices and Hess acquisition gains outweighed production outages from the Iran war.
Is This the End of Net-Zero Banking?
After years of ideological AGMs, 2026 saw serious, business-focused agendas. RBC and Scotiabank abandoned net-zero pledges, signaling a shift toward fiduciary duty.
Smith Hails New Canada-U.S. Oil Pipeline Permit
Alberta Premier Danielle Smith celebrates the approval of a major Canada-U.S. oil pipeline permit, crediting her government's persistent advocacy for the project.
NS Power Rate Hikes Approved; First Increase Friday
Nova Scotia's energy board has approved rate increases for Nova Scotia Power, with the first hike taking effect this Friday. The decision impacts residential and commercial customers.
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B.C. expects billions from feds for forestry if U.S. talks fail
British Columbia's forests minister says the province anticipates billions in federal aid for the forestry sector if trade talks with the United States collapse.
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