Canadian Ships Stuck in Persian Gulf as Hormuz Blockade Continues
Multiple Canadian commercial vessels remain stranded in the Persian Gulf as the ongoing blockade of the Strait of Hormuz disrupts global shipping routes and regional trade.
Category : Energy Sector
TC Energy CEO Slams Canada's Slow Project Approval Process
TC Energy CEO Francois Poirier says Canada's energy project approval process remains too slow despite Prime Minister Mark Carney's reforms, calling for six-month permit timelines to compete globally.
Iran's Gulf Gas Field Hit in Major Escalation
A key Iranian gas field in the Persian Gulf has been attacked, marking a serious escalation in regional tensions. The incident raises concerns about energy security and geopolitical stability.
U.S. Crude Stocks Up, Gasoline and Distillate Down: EIA
The U.S. Energy Information Administration reports an increase in crude oil inventories alongside decreases in gasoline and distillate stocks, reflecting shifting market dynamics and refining activity.
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Zekelman's 'Buy Canadian' Campaign Ends with $30K Payout
The 'Buy Canadian' initiative by Zekelman has wrapped up, having paid out $30,000 in rewards to promote local steel use amid concerns over foreign materials in infrastructure projects.
Trump Waives Jones Act to Lower Energy Prices in Iran War
President Donald Trump has authorized a 60-day waiver of the century-old Jones Act, allowing foreign vessels to transport oil and gas between U.S. ports to combat rising energy prices during the Iran conflict.
Trans Mountain Pipeline Expansion Set for 2027 as Capacity Fills
Trans Mountain Corp. announces a series of expansion projects starting in 2027 to add 90,000 barrels daily, addressing imminent pipeline capacity shortages in Western Canada as crude exports surge.
U.S. Eases Venezuela Oil Sanctions to Boost Supply Amid Iran War
The United States has relaxed sanctions on Venezuela's oil sector, a strategic move by the Trump administration to increase world oil supply during the ongoing Iran conflict, impacting global energy markets.
Saskatchewan Budget 2026-27: Energy and Mining Growth
The Saskatchewan Industrial and Mining Suppliers Association expresses optimism about provincial budget funding for mining and energy sectors, with increased oil production targets and critical minerals development.
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Iran Threatens Gulf Oil Infrastructure After Attack
Iran vows to retaliate against Qatar, Saudi Arabia, and UAE's oil and gas facilities following an attack on an offshore field, escalating Middle East tensions.
Ottawa Gas Prices to Increase Again This Week
Motorists in Ottawa face another hike in gas prices this week, continuing a trend of rising fuel costs that impact daily commutes and household budgets.
Qatar Blames Israel for Gas Field Attack with Iran
Qatar has formally accused Israel of launching an offensive on a natural gas field it jointly operates with Iran, escalating tensions in the Middle East conflict.
Calgary Gas Prices Hit $1.69/L as Oil Pressures Build
Gas prices in Calgary have climbed to $1.69 per litre, driven by global oil market pressures. This increase impacts local consumers and reflects broader economic trends in the energy sector.
Iran's Oil Exports Flow Through Strait of Hormuz Despite War
Approximately 90 vessels, including oil tankers and cargo ships, navigate the Strait of Hormuz daily as Iran continues exporting millions of barrels of oil, highlighting the strategic waterway's resilience amid ongoing regional conflicts.
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Canada's Limited Oil Reserve Contribution Exposes Gaps
The federal Liberal government's modest commitment to global oil reserve releases reveals Canada's lack of strategic petroleum storage and planning deficiencies in energy infrastructure.
REV Expands into Montana with Helium Acquisition
REV Exploration Corp. has completed the acquisition of Montana helium properties, nearly quadrupling its landholdings and marking its entry into the Northern Great Plains.
Enmax CEO on Powering Calgary's Growth to 2 Million
As Calgary approaches a population of two million, Enmax CEO Mark Poweska discusses the critical infrastructure investments needed to support the city's expansion, including electricity system modernization and new community connections.
Canada's Energy Outlook: Rising Gas Production and LNG Exports Forecast
A new report from the Canada Energy Regulator presents a more realistic energy outlook, forecasting significant growth in natural gas production and LNG exports amid global energy security concerns.
Gas Prices Up: Are Stations Profiting in Big Cities?
Gas prices have risen significantly in major urban centers, sparking debate over whether stations are capitalizing on market conditions for increased profits.
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Iran's Key Gas Field Attacked, State Media Reports
Iran's state-run media reports an attack on facilities at the crucial South Pars offshore gas field, escalating regional tensions amid ongoing conflict.
Cuba Restores Power After 29-Hour Blackout Amid U.S. Fuel Squeeze
Cuba has reconnected its national power grid after a 29-hour blackout, but officials warn of ongoing shortages due to fuel scarcity and aging infrastructure, exacerbated by U.S. sanctions.
U.S. Gas Prices Hit Highest Since 2023 Amid Iran War
American drivers are facing a significant surge in fuel costs, with gasoline prices reaching their highest levels since 2023. The ongoing conflict in Iran is cited as a key factor driving this increase, impacting consumers nationwide.
Gran Tierra and Ecopetrol Partner for Colombian Oil Field Development
Gran Tierra Energy Inc. announces a strategic partnership with Ecopetrol to develop oil fields in Colombia's Middle Magdalena Valley, adjacent to Gran Tierra's largest producing field, aiming to enhance recovery through waterflood expertise.
EGA to Export Aluminum via Oman Amid Gulf Disruption
Emirates Global Aluminium plans to reroute aluminum shipments through Oman's Sohar Port due to disruptions in the Strait of Hormuz, as global supply chains face strain from regional conflicts.
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Canada Projects Power Surge, Wind to Be Major New Source
The Canada Energy Regulator projects a significant increase in electricity generation by 2050, with wind power emerging as a dominant new source, driven by climate policies and technological advances.
EnerQuest Expansion Brings 125 Jobs to Essex County
EnerQuest's significant expansion in Essex County is set to generate 125 new jobs, boosting local employment and economic growth in the Windsor region.
LG Energy to Supply Tesla with $4.3B Batteries from Michigan
LG Energy Solution will produce $4.3 billion worth of lithium-iron-phosphate batteries at its Michigan factory for Tesla's energy storage systems, with production starting next year.
Oil Tankers Slowly Resume Passage Through Strait of Hormuz
The White House confirms a gradual resumption of oil tanker traffic through the critical Strait of Hormuz, as global energy markets remain volatile amid ongoing Middle East tensions.
P.E.I. Gas Prices Unchanged on First Tuesday Adjustment
Prince Edward Island motorists saw no change in fuel prices during the inaugural scheduled Tuesday adjustment, maintaining stability amid global market fluctuations.
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LG to Supply Tesla with $4.3B Batteries from Michigan
LG Energy Solution confirms a $4.3 billion deal to produce batteries for Tesla's energy storage systems in Michigan, highlighting U.S. energy security and supply chain diversification.
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