Oil Tankers U-Turn as U.S. Tightens Venezuela Blockade
At least seven vessels have reversed course, avoiding U.S. seizure threats. Venezuela's oil storage is full, forcing production cuts. Explore the escalating economic pressure.
Category : Energy Sector
Manitoba First Nation power restored after 4-day outage
Pimicikamak Cree Nation's electricity is back after a prolonged outage. Chief David Monias criticizes the response as the community endured four nights without power.
U.S. LNG exports break 100 million metric ton record in 2025
The United States made history in 2025 as the first nation to export over 100 million metric tons of liquefied natural gas in a single year, driven by new capacity. Discover the implications for global energy markets.
$12.8B Swiss-Backed Data Centre Plan for Alberta
A European-backed data centre project in Alberta could be worth $12.8 billion, leveraging the province's natural gas for AI computing power. Discover the details of this major investment.
No Change in Gas Prices for Nova Scotia, P.E.I.
Fuel costs remain stable in Atlantic Canada to start the new year. Get the latest on what's driving prices at the pumps and what to expect next.
OPEC+ to maintain oil output policy: Reuters sources
OPEC+ will keep its current oil production policy unchanged, sources told Reuters, despite rising geopolitical tensions between Saudi Arabia and the UAE over Yemen. Read the latest on global energy markets.
Hydro-Québec Rates to Rise 3% for Quebec Residents
The Quebec government has adopted a decree authorizing a 3% increase in Hydro-Québec's residential electricity rates, effective 2025. Learn what this means for household budgets.
U.S. Oil Production Hits Record High in October
The U.S. Energy Information Administration reports a new record for American oil output in October 2025, a development with significant implications for global energy markets and the Canadian energy sector. Read the full analysis.
Venezuela's fuel exports cut to minimum, storage full
Venezuela's oil storage tanks are reportedly filled with residual fuel as exports are slashed to a minimum, according to Reuters sources. Explore the details and implications of this significant development in the global energy sector.
P.E.I. approves $16M for Hurricane Fiona power restoration
The Island Regulatory and Appeals Commission has approved $16 million for Maritime Electric to recover costs from Hurricane Fiona's devastating impact on Prince Edward Island's power grid.
U.S. crude oil imports fall to lowest since Feb 2021
U.S. crude oil imports dropped sharply last week to their lowest point in nearly five years, according to the Energy Information Administration. Explore the data and potential market impacts.
Oil Heads for Deepest Annual Loss Since Pandemic on Surplus
Brent crude steadies above $61 as markets brace for the largest yearly decline since 2020. Geopolitical risks and rising global supplies drive the surplus expected to pressure prices into 2026.
Calgary's 2025 Energy-Fueled Swagger Faces Future Tests
Calgary's business confidence surged in 2025, fueled by a federal-provincial energy deal. ATB's Mark Parsons warns the industry is still in 'wait-and-see mode' as 2026 becomes a critical 'year of execution.'
Oil steadies as risks counter glut outlook
Crude oil finds balance as Venezuela, Russia tensions offset fears of a global surplus. WTI holds near $58, but heads for steep annual decline on OPEC+ output.
Manitoba Hydro rates rising 4% in 2026
Manitoba Hydro confirms a 4 per cent electricity rate hike for 2026. Get the details on the increase, the reasons behind it, and what it means for Winnipeg consumers.
U.S. oil and gas rig count rises for second week
Baker Hughes reports a second weekly increase in U.S. oil and gas rigs, signaling potential shifts in North American energy production as 2025 ends. Read the latest data.
Calgary gas prices drop under a dollar per litre
Calgary drivers are seeing gas prices fall below a dollar per litre, a low not witnessed since 2021. Analysts urge motorists to fill up while this holiday price dip lasts.
Oil Climbs as Ukraine Peace Talks Hit Snag, China Vows Support
Crude oil prices reversed losses as US-led Ukraine peace talks faced new complications and China pledged fiscal support for growth. WTI settled above US$58.
Calgary gas prices drop below $1 per litre
Drivers in Calgary are seeing relief at the pumps as gas prices tumble below $1 per litre at some stations, a direct impact of lower global oil prices. Find out where and why.
Readers Call for Increased Canadian Oil Marketing in Asia
Calgary Herald readers advocate for Canada to intensify oil marketing in Asia and develop West Coast export terminals, responding to global energy dynamics. Explore the debate.
BP and Shell's Failed Green Transition Costs Billions
An in-depth look at how BP and Shell's ambitious plans to pivot to renewable energy faltered, leading to scaled-back strategies and billions in write-offs. Discover what went wrong.
Virginia Wind Project Sues Over Federal Construction Halt
Dominion Energy files lawsuit against Trump administration's order halting five offshore wind projects. The delay costs over $5 million daily, threatening renewable energy goals. Read the latest.
BC Hydro repairs Christmas power outages in Richmond
BC Hydro crews are working on Christmas Day to fix power outages affecting Richmond residents. Get the latest updates on the restoration efforts and the cause of the disruption.
Navy Reactors Proposed to Power AI Data Centres
A Texas power developer has filed a plan to use decommissioned US Navy nuclear reactors to power data centres, aiming to meet surging AI energy demands. The project could be online by 2029.
Venezuela Seeks to Criminalize Oil Tanker Seizures
Venezuela's government is pushing to criminalize the seizure of its oil tankers as former U.S. President Donald Trump increases pressure on Nicolás Maduro's regime. This geopolitical tension could impact global oil markets.
Japan gets local consent to restart world's largest nuclear plant
Japanese authorities secure crucial local approval, removing a major obstacle to restarting the Kashiwazaki-Kariwa nuclear power station. The move marks a pivotal shift in Japan's energy policy post-Fukushima.
AI Boom Forces Dirty Power Plants Back Online
The explosive growth of AI data centres is straining Canada's power grid, forcing utilities to reactivate polluting 'peaker' plants to meet surging electricity demand. Discover the environmental impact.
Google's Parent Alphabet Buys Intersect Power for $4.75 Billion
Alphabet Inc. makes a massive $4.75 billion deal to buy clean energy developer Intersect Power, securing power for its AI data centres amid soaring energy demands. Read the full story.
U.S. Halts Offshore Wind Leases in Security Move
The U.S. suspends leases for five offshore wind farms, citing radar interference. The move deals a fresh blow to the industry and raises legal questions.
Hodgson: Energy is Canada's Ace Card in Changing World
Energy Minister Tim Hodgson outlines Canada's strategic energy opportunity as U.S. leadership shifts. Learn how new policies and a landmark Alberta deal aim to boost competitiveness by 2026.
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