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.
Category : Search result: Venezuela oil and gas
Gas prices hit multi-year low in Calgary at 87 cents
Calgary motorists are celebrating as fuel costs plummet to a multi-year low, with some stations offering gas for less than 87 cents per litre. Find out what's driving the dramatic drop.
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.
Carney: Trudeau's $200B climate strategy a failure
PM Mark Carney calls Trudeau's climate plan a $200B flop, linking its failure to 1998 Kyoto accord. His new policies reverse key Liberal measures. Read the full analysis.
BP sells majority stake in Castrol for US$6 billion
BP Plc agrees to sell a 65% stake in its Castrol lubricants division to Stonepeak Partners for US$6 billion. The deal marks a key step in the energy giant's strategy to reduce debt and reset its business after a turbulent year.
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.
U.S. Seizes Venezuelan Oil Tankers Amid Rising Tensions
As U.S. forces intercept Venezuelan oil shipments, experts debate Washington's true motives: oil, regime change, or a geopolitical struggle with Russia and China?
Baytex Energy Plans Up to $625M in 2026 Capital Spending
Calgary-based Baytex Energy Corp. reveals its 2026 capital expenditure plan, targeting $550 to $625 million. The investment focuses on sustaining production in key Canadian oil fields.
U.S. seizes oil tanker off Venezuelan coast
U.S. authorities have seized an oil tanker near Venezuela, officials confirmed on December 20, 2025. The operation marks a significant escalation in maritime enforcement actions in the region.
New Federal Methane Regulations Announced for 2028
The Carney government announces phased methane regulations for oil, gas, and landfill sectors starting in 2028, offering industry two compliance paths. Learn the details.
U.S. Seizes Second Tanker in Venezuelan Waters
U.S. forces intercept another sanctioned oil tanker off Venezuela, escalating Trump's blockade. The move disrupts global crude flows and risks pushing oil prices higher. Get the latest details.
BP's Canadian CEO Ousted in Strategy Clash with Chair
BP abruptly replaced CEO Murray Auchincloss after repeated clashes with new chair Albert Manifold over the oil giant's strategic direction. Read the inside story of the leadership shakeup.
Funding for Legacy Well Emergency Prep in Chatham-Kent, Essex
Chatham-Kent and Essex receive provincial funding to bolster emergency preparedness plans for aging gas and oil wells. Learn how this investment aims to protect local communities.
Experts: Canadian Oilpatch Can Withstand Crude Market Doldrums
Industry experts express confidence in the Canadian energy sector's ability to navigate current crude market challenges. Discover the factors behind this resilience and the outlook for 2025.
Trump Orders Venezuela Oil Blockade, Markets React
Global markets react as former President Trump orders a blockade of oil tankers to Venezuela, sending oil prices higher. Meanwhile, Canadian stocks show gains amid domestic news.
Trump Orders Naval Blockade on Venezuela Oil Tankers
President Trump announces a blockade of sanctioned oil tankers bound for Venezuela, escalating military pressure to cripple the Maduro regime's economy. Read the latest on this major foreign policy move.
Trump orders naval blockade on Venezuela-bound oil tankers
President Trump escalates pressure on Maduro, ordering a blockade to stop sanctioned oil tankers from reaching Venezuela. The move marks a significant hardening of U.S. policy.
Federal methane rules offer flexibility to energy sector
The Carney government has finalized methane regulations, allowing oil and gas producers to design their own reduction plans if they meet strict targets. Learn about the policy shift and its impact.
Feds announce plan to cut methane from oil sector, landfills
The federal government has announced a new regulatory framework to significantly reduce methane emissions from Canada's oil and gas operations and landfills. Learn about the key targets and implications for the environment and industry.
Canada Announces New Methane Emission Rules for Energy Sector
The Canadian government has announced stringent new regulations aimed at dramatically cutting methane emissions from the oil and gas industry. Learn about the key targets and implications.
Stricter Methane Regulations Announced for Oil, Gas, Landfills
The Carney government unveils new methane regulations for oil, gas, and landfills, phasing in from 2028. The rules aim to cut emissions but will slightly slow GDP and production growth in B.C., Alberta, and Saskatchewan. Read the details.
Alberta Companies Fined for Workplace Injury
Two Alberta companies and a supervisor face significant fines following a serious injury at an oil and gas site. Read the full details of the court's decision and its implications for workplace safety.
TC Energy CEO Advises U.S. on Energy Infrastructure
TC Energy CEO François Poirier offers U.S. guidance on speeding up oil and gas projects. The advice comes amid ongoing North American energy security and regulatory discussions.
Oil Could Be Next TSX Driver After Gold's 2025 Surge
National Bank strategists predict Canada's energy sector, no longer seen as a 'stranded asset,' could power the TSX next year following a federal policy shift, while gold fueled 2025's record run.
Alberta pipeline viability faces 'many things to sort out'
A University of Calgary executive fellow highlights significant unresolved challenges for a major Alberta pipeline project, casting doubt on its near-term viability. Learn the key obstacles.
New B.C. Coast Pipeline May Be 50% Indigenous Owned
Alberta Premier Danielle Smith says a proposed oil pipeline to B.C.'s coast could be 50% owned by Indigenous groups, generating $2B annually. Learn about the project's details and political support.
Canadian Drilling Activity Predicted for Slight Uptick Next Year
A new industry forecast predicts a slight increase in Canadian oil and gas drilling activity for next year. Get the details on the sector's cautious outlook.
Calgary gas drops under $1 per litre at south station
Calgary drivers witnessed rare gas prices fall below $1 per litre at a south Petro-Canada station. Discover locations and factors behind this significant price drop.
Carney-Smith Pipeline Deal Creates Uncertainty
Analysis of the Carney-Smith pipeline MOU reveals both regulatory concessions and new environmental hurdles that may still block construction. Discover the details.
Smith's Pipeline Deal: Temporary Victory for Alberta
Alberta Premier Danielle Smith secures key federal concessions on emissions caps in new pipeline MOU with PM Carney. While promising, the agreement faces significant hurdles before construction.
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