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.
Category : Energy Sector
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.
Summer Driving Meets War-Driven Gas Price Surge in Canada
As the summer driving season approaches, Canadian motorists face soaring gas prices fueled by global conflict, with experts warning of sustained high costs.
Iran War Triggers Global Energy Triage Amid Supply Disruptions
The escalating conflict in Iran is forcing nations worldwide into energy triage, with governments implementing power conservation measures and price controls to curb soaring costs and ensure supply stability.
Cambridge Atomworks, Mott MacDonald Partner on Microreactor Tech
Cambridge Atomworks has signed a Memorandum of Understanding with engineering consultancy Mott MacDonald to accelerate development of the Odin nuclear microreactor, aiming to provide off-grid power solutions for remote locations.
Lomborg: West Should Follow China's Nuclear Strategy
Bjorn Lomborg argues that while China's green energy exports appear impressive, they're built on coal power. The real lesson for the West is China's rapid nuclear expansion for clean, reliable energy.
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Gas Prices Surge Past $2/Litre in Vancouver Amid Iran Conflict
Gas prices in Metro Vancouver have exceeded $2 per litre for the first time in nearly two years, driven by global uncertainty from the Iran conflict and its impact on oil markets.
Cuba's Third Major Blackout in Four Months Leaves Millions Without Power
Cuba faces another island-wide power outage, affecting 11 million people, as its crumbling electricity grid and U.S. sanctions exacerbate energy crises.
Hydro-Québec Residential Rates to Rise 3% Annually
Quebec's energy regulator has approved a 3% annual rate increase for Hydro-Québec residential customers starting April 2026, with the utility warning of service impacts.
Alberta Plan Aims to Prevent Unpaid Oil Property Taxes
A new report with 17 recommendations targets unpaid oil and gas property taxes in Alberta, focusing on enforcement and data collection to aid municipalities.
Alberta Reviews Plan to Force Oil Firms to Pay Municipal Taxes
The Alberta government is examining a new strategy to ensure oil corporations fulfill their municipal tax obligations, as confirmed by a provincial minister. This initiative addresses long-standing concerns over unpaid taxes impacting local communities.
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Hydro-Québec Rate Hike Partially Rejected by Energy Board
The Régie de l'énergie has approved lower electricity rate increases than requested by Hydro-Québec, providing financial relief to customers amid economic pressures.
Cuba Hit by Island-Wide Blackout During Energy Crisis
Cuban officials confirm a complete power outage across the island, exacerbating the nation's ongoing energy struggles and infrastructure challenges.
Middle East Oil Exports Drop 60% with Strait of Hormuz Closed
Data reveals a sharp decline in Middle East oil exports, falling at least 60% due to the prolonged closure of the Strait of Hormuz, impacting global energy markets.
GTA Gas Prices to See Brief Reprieve Before Rising Higher
Analysts predict a temporary drop in gas prices across the Greater Toronto Area this week, but caution that costs are likely to climb significantly in the coming months due to market pressures.
IEA Chief Signals Potential Oil Stock Releases
The International Energy Agency's chief states member countries could release more oil stocks if needed, as high prices impact economies and consumers globally.
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Lynas Inks U.S. Rare Earth Oxide Supply Deal
Australian mining firm Lynas Rare Earths has signed a significant agreement to supply rare earth oxides to the United States, bolstering North American supply chains for critical minerals used in technology and defense.
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