5 Arrested in Montreal Cocaine Trafficking Ring
Montreal police have arrested five individuals in connection with a cocaine trafficking ring, seizing drugs and cash in coordinated raids across the city.
Category : Energy Sector
NB Launches Simulated Electricity Grid for Energy Projects
New Brunswick has launched a simulated electricity grid in Saint John to test energy projects, aiming to innovate and enhance grid reliability and efficiency.
Sigenergy SigenTerra Gets TÜV SÜD Bankability Report
Sigenergy obtained a TÜV SÜD Bankability Due Diligence Report for its SigenTerra utility-scale storage system at SNEC 2026, confirming technical maturity and investment value.
Gas Prices Rise in P.E.I., Fall in Nova Scotia and New Brunswick
Gas prices increased in Prince Edward Island but decreased in Nova Scotia and New Brunswick, reflecting regional variations in fuel costs across Atlantic Canada.
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Trans Mountain Pipeline to Hit 90% Capacity in Q2 2026
Trans Mountain expects oil shipments to reach 90% of pipeline capacity in Q2 2026, marking a major milestone for the expanded pipeline system in Canada.
City-Wide Outdoor Fire Ban Declared in Timmins
Timmins Fire Department has issued a city-wide outdoor fire ban effective June 4 due to dry conditions. Residents are prohibited from all open burning until further notice.
N.S. Premier Unconcerned About Offshore Bidder's Extension
Nova Scotia Premier Tim Houston says he is not concerned about a financial extension granted to an offshore petroleum bidder, emphasizing the province's commitment to responsible resource development.
BHP Signs Rail Deals with CN and CPKC for Jansen Potash
BHP has signed rail transportation agreements with CN and CPKC to move potash from the Jansen mine in Saskatchewan to Vancouver for global export, targeting first production in mid-2027.
OPEC Chief: Oil Demand Robust, No Changes to Estimates
OPEC secretary general says oil demand will remain robust, with no revisions to current estimates. The statement comes amid rising oil prices and geopolitical tensions.
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TransAlta buys two Colorado gas plants for US$1B
TransAlta Corp. has agreed to acquire two natural gas power plants in Colorado for US$1 billion, expanding its U.S. footprint in the energy sector.
Canada's Oil Drillers Busiest Since 2014 Boom
High oil prices drive a surge in drilling activity across Western Canada, with 160 rigs active in May, a 45% increase year-over-year, marking the busiest period since 2014.
Meliá to Shutter Hotels in Cuba, Dealing Blow to Tourism
Spanish hotel chain Meliá will close its Cuban properties, worsening the island's tourism crisis. The move follows declining visitor numbers and economic challenges.
Officials Warn Putin War Spending Risks Economy
Senior Russian officials warn President Putin that current defence spending levels threaten the economy, signaling fraying consensus on the Ukraine war.
Sask. Gov't Proud to Back Oil and Gas Show Amid Deficit
Saskatchewan government expresses pride in supporting the Sask. Oil and Gas Show, despite forecasting a $292 million deficit due to forest fires and falling oil prices.
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Global Energy Show in Calgary Amid Oil Shock Next Week
The Global Energy Show kicks off in Calgary next week against a backdrop of oil shock, featuring industry leaders and discussions on energy transition.
Oil Prices Near $100 as US Stocks Hold Records
Oil prices climbed back toward US$100 per barrel, while U.S. stocks remained near record highs amid mixed economic signals and ongoing trade uncertainties.
Canada's Pipeline Industry at a Turning Point?
With oil production expected to hit 5.8 million barrels per day by 2030, Canada's pipeline capacity is racing to keep up. New projects may ease the crunch.
Mideast Energy Disruption Could Slam Global Economy: Report
A new report warns that disruption of Middle East energy supplies into next year would severely impact the global economy, raising risks of recession and inflation.
Lennox Heat Pump Wins GOOD DESIGN® Award for Extreme Cold
Lennox's SL22KLV Cold Climate Heat Pump receives GOOD DESIGN® Award for reliable performance in temperatures as low as -20°F, offering energy-efficient comfort.
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Steel Town Fights Back Against U.S. Tariffs
Sault Ste. Marie, Ontario, is developing strategies to counteract U.S. tariffs on steel, aiming to protect local jobs and the economy.
Northern Ontario steel town fights U.S. tariffs
Sault Ste. Marie rallies against U.S. tariffs on Canadian steel, as Algoma Steel leads local efforts to protect jobs and the economy amid trade tensions.
Seaspan and Hapag-Lloyd Complete First Methanol Retrofit
Seaspan and Hapag-Lloyd successfully retrofit the Seaspan Yangtze to run on methanol, reducing CO2e emissions by 30,000-50,000 tonnes per year per vessel.
Sault Ste. Marie Fights Back Against U.S. Tariffs
The city of Sault Ste. Marie, known as 'The Soo,' is taking a stand against U.S. tariffs that threaten its steel industry and local economy.
Ontario's $8.8B Plan to Cut Development Charges Gets London Mayor's Nod
London Mayor Josh Morgan expresses optimism as Ontario's $8.8 billion plan to reduce development charges on new homes emerges, aiming to boost housing affordability.
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Fire at Brampton Scrap Metal Yard
Firefighters are tackling a large fire at a scrap metal yard in Brampton, sending a plume of black smoke into the sky. No injuries reported.
Newfoundland Offers Millions for Oil Exploration
Newfoundland and Labrador is investing millions to open new oil frontiers, aiming to boost exploration and economic growth in the province.
Cuba Defends GAESA as U.S. Sanctions Cause Hotel Exodus
Cuba defends its military-run tourism conglomerate GAESA as U.S. sanctions force international hotel operators to withdraw, impacting the economy.
Hydro-Québec Issues $500M Debentures Due 2065
Hydro-Québec announces a $500 million debenture issue maturing in 2065, with a 4.00% coupon and 4.576% yield, led by National Bank Financial.
Princeton Endowment Reverses Oil and Gas Divestment Pledge
Princeton University's endowment backs out of its 2022 pledge to divest from publicly traded oil and gas companies, citing financial strain and the need for flexibility.
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Sask. NDP alleges SaskPower hiding coal plant costs
The Saskatchewan NDP claims SaskPower is withholding full details on coal plant refurbishment costs, citing major redactions and a wide cost gap.
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