Canada-Alberta energy MOU faces hurdles: carbon price, pipeline deal
The Canada-Alberta MOU on energy faces strain over carbon pricing and the Pathways project. Industry warns delays could cost pipeline opportunities.
Category : Energy Sector
Cenovus Profit Jumps 83% on Higher Prices, MEG Acquisition
Cenovus Energy reported first-quarter profits of $1.6 billion, up 83% year-over-year, driven by higher oil prices and the integration of MEG Energy assets.
Oil Prices Sink, Stocks Rally on Hormuz Reopening Hopes
Global oil prices fell and stock markets surged amid optimism that the Strait of Hormuz, a key oil transit chokepoint, may reopen soon, easing supply concerns.
Oil and Gas Plunge as Iran Considers U.S. Proposal
Oil briefly dropped below $100 a barrel and gas slumped as Iran evaluates a new U.S. proposal to end the 10-week war, with Brent falling 12% to $96.75.
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Oil Prices Fall, Stocks Rise on Persian Gulf Deal Hopes
Oil prices declined and stock markets rallied amid optimism over a potential agreement to resume crude shipments from the Persian Gulf, boosting investor sentiment.
Vermilion Energy posts Q1 loss on derivative losses
Vermilion Energy reported a first-quarter net loss of $87.2 million, citing unrealized derivative losses and lower production, while revenue fell 12% to $1.2 billion.
TransAlta Q1 profit and revenue down from year ago
TransAlta reported lower Q1 profit and revenue compared to last year, with power production also declining. The Calgary-based company faces challenges in energy markets.
Canada Must Answer Global Energy Demand
Countries worldwide seek Canadian energy, but regulatory hurdles hinder exports. A call for efficient project approvals to unlock Canada's energy potential.
Cenovus Q1 profit up, dividend raised 10%
Cenovus Energy reported a first-quarter profit increase from last year and announced a 10% rise in its base dividend, reflecting strong operational performance.
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Suncor CEO Urges National Resolve for Oil Export Growth
Suncor Energy reported Q1 profit of $2.1B, up 24% YoY, driven by record fuel sales and higher oil prices. CEO Rich Kruger calls for regulatory reform to attract investment.
Suncor Q1 earnings surge to $2.1B on record production
Suncor Energy reported first-quarter net earnings of $2.1 billion, up from $1.5 billion a year ago, driven by record upstream production of 808,000 barrels per day. The company also announced a 5% dividend increase.
Cameco Q1 Profits Surge 87% on Higher Uranium Sales
Saskatoon-based Cameco Corp. reports Q1 2026 net earnings of $131M, up 87% year-over-year, driven by increased uranium sales and production in Saskatchewan and Kazakhstan.
Alberta Energy Sector Gives Students Hands-On Experience
High school students in Edmonton got a firsthand look at careers in Alberta's energy sector during Energy and Natural Resources Week at NAIT, participating in labs and learning about industry opportunities.
Equinor Submits Bay du Nord Plans to N.L. Regulator
Equinor has submitted development plans for the Bay du Nord oil project to Newfoundland and Labrador's energy regulator, moving the controversial offshore project forward.
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Data Centers Revive Dead Reactors: Cameco CEO on Nuclear Surge
Cameco CEO Tim Gitzel says energy-hungry data centers are driving a nuclear power revival, bringing mothballed reactors back online amid soaring uranium demand.
Buying Subs Instead of Building Them May Cost Canada
Canada's submarine procurement may miss chances to build domestic industrial capacity, risking long-term sovereignty and advanced manufacturing benefits.
Cameco Q1 profit and revenue rise year-over-year
Cameco announced higher first-quarter profit and revenue compared to last year, driven by strong uranium sales and production gains.
SHARC Energy Chosen for Wastewater Energy Recovery Project
SHARC Energy receives purchase order from National Laboratory of the Rockies to deploy PIRANHA wastewater heat recovery system at Naval Postgraduate School, targeting energy savings.
Canada-U.S. oil pipeline nears commitment goal
The Canada-U.S. Keystone XL pipeline is close to reaching its commitment requirement, according to Reuters sources, marking a significant step forward for the stalled project.
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Oilsands Alliance Warns Slow Energy Pact Progress
The Oil Sands Alliance warns that slow progress on the federal-provincial energy pact risks Canada missing a critical opportunity, as talks continue on carbon pricing and Pathways project.
Asian Shares Dip, Oil Retreats on Iran War Uncertainty
Asian shares slipped and oil pared gains amid ongoing uncertainties over Iran war prospects, while markets eye economic data and corporate earnings.
P.E.I. Gas Prices Hit $2 Per Litre Now
Prince Edward Island gas prices have reached $2 per litre, impacting residents and businesses. Experts analyze causes and future trends.
Experts Sound Alarm Over Depleting Oil Supplies
Experts warn that Canada faces an unprecedented energy crisis due to depleting oil reserves, urging immediate action to secure affordable supply and prevent economic disruption.
Ottawa Invests $20M in Electra Cobalt Refinery
The federal government commits $20 million to Electra's cobalt refinery in northern Ontario, a key step in the EV battery supply chain. Total project cost is $99.4 million.
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Canada Equipment Manufacturing Jobs Fall 1.9% in 2025
Direct employment in Canada's agriculture, construction and mining equipment manufacturing fell 1.9% in 2025 due to trade uncertainties and weak demand, says AEM report.
Oil Surges Over 5% After Iran Strikes UAE Energy Facility
Brent crude jumps above $114 as Iranian drone attack hits Fujairah oil zone, escalating U.S.-Iran tensions and threatening global supply.
Wall Street Drops, Oil Jumps on Iran War Fears
Wall Street fell from records and oil prices surged as geopolitical tensions rose following Iran's attacks on ships and a UAE oil port, escalating war fears.
Iran hits ships, UAE oil port in show of force after Trump order
Iran attacked vessels and a UAE oil terminal in a show of force following Trump's directive to the Navy to keep the Strait of Hormuz open. Tensions escalate.
Alberta Adds 10% More Firefighters for 2026 Wildfire Season
Alberta announces a 10% increase in firefighters for the 2026 wildfire season, enhancing preparedness amid rising wildfire risks and recent devastating fires.
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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.
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