World shares fall, oil jumps over $2 after US strikes on Iran
Global markets declined sharply and crude oil surged more than $2 per barrel following U.S. military strikes on Iran, escalating geopolitical tensions.
Category : Energy Sector
BC-Germany LNG Deal: Impact on Canada's East Coast
British Columbia's LNG deal with Germany sparks questions about similar opportunities for Canada's East Coast, including potential economic and environmental impacts.
Allies 'Begging' for Canadian Energy: Hodgson on LNG Deal
Canada's energy minister announces a long-term LNG deal with Germany, highlighting global demand for Canadian resources amid energy security concerns.
Canada Turns to Europe for Aluminum Amid Iran War
Canada shifts aluminum imports from the US to Europe as the Iran war drives prices higher. The move aims to stabilize supply amid global disruptions.
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German Utility to Buy 1M Tonnes LNG from Ksi Lisims
A German utility has signed an agreement to purchase one million tonnes of liquefied natural gas per year from the Ksi Lisims LNG project in British Columbia.
Airbus Plans Helicopter Production in Canada for Global Exports
Airbus SE is considering building helicopters in Canada for global export if it wins upcoming government contracts, leveraging Canada's defence spending increase and industrial strategy.
Hodgson to Announce Major Energy Export Plan in Vancouver
Minister Tim Hodgson will make a significant international energy export announcement in Vancouver, highlighting Canada's role in global energy markets.
Winnipeg Firefighters Tackle Major Shipping Container Fire
Winnipeg firefighters responded to a significant fire involving shipping containers on Messier Street. The blaze required a large response from emergency crews.
Memory Chip Stocks Surge: SK Hynix, Micron Hit $1 Trillion
SK Hynix and Micron join the $1 trillion market cap club as memory chip demand surges due to AI boom. SK Hynix rose 9.3%, Micron 19%.
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Inside Nutrien's Pilot Plant: Testing New Potash Methods
A look inside Nutrien's pilot plant in Saskatoon, where researchers are developing innovative techniques to improve potash production efficiency and sustainability.
Germany-Canada LNG Deal Boosts Ksi Lisims Investment Case
Premier Eby says a reported Germany-Canada LNG deal strengthens the investment case for the Ksi Lisims project, highlighting economic and environmental benefits.
Exxon, ConocoPhillips Seek Safeguards for Venezuela Return
Exxon and ConocoPhillips negotiate with Venezuela for durable contracts and debt resolution, aiming to tap vast oil reserves as the country seeks stability.
SEFE Deal Strengthens B.C.’s Ksi Lisims LNG Project
Germany's state-owned utility SEFE has reached a financial agreement to support the Ksi Lisims LNG project in British Columbia, enhancing global LNG scheduling flexibility.
Aluminum hits four-year high on China output cut fears
Aluminum prices surged to their highest in over four years due to concerns over Chinese production cuts and ongoing Middle East disruptions.
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NB Power Substation Theft Causes Outage on Deer Island
A theft at an NB Power substation on Deer Island caused a widespread power outage, leaving residents without electricity. The utility is investigating and working to restore power.
Canada to Sign LNG Deal with Germany's SEFE
Canada is set to finalize a deal with Germany's SEFE for the Ksi Lisims LNG project, according to a Reuters source. The agreement marks a key step in energy cooperation.
Germany, Canada to Sign Major LNG Deal for Energy Security
Canada will supply Germany with LNG from the $10B Ksi Lisims project in British Columbia, as Europe seeks alternatives to Russian and Middle Eastern gas.
US Emergency Oil Cargo Heads to Asia in 3 Years
A crude oil tanker from the US emergency reserve is en route to Asia, marking the first such shipment in over three years. The move aims to stabilize global oil markets.
Airdrie Power Outage Affects Over 800 Homes
A power outage in Airdrie has left 827 homes without electricity, primarily in northwest and northeast areas, including rural properties. Fortis Alberta is working to restore power.
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BP Ousts Chair Manifold Over Governance Issues
BP has unexpectedly removed Chair Albert Manifold, citing unnamed governance problems, in a major shakeup at the energy giant.
BP Ousts Chairman Over Misconduct
BP has removed Chairman Albert Manifold, citing conduct issues. The surprise move comes amid broader corporate reshuffling and financial challenges.
Aduro Clean Technologies Starts TSX Trading Under ACT
Aduro Clean Technologies receives TSX listing approval, trading begins May 27 under symbol ACT, delisting from CSE while maintaining Nasdaq and Frankfurt listings.
BP Removes Chairman Albert Manifold in Surprise Move
BP has unexpectedly removed Chairman Albert Manifold, signaling major boardroom changes. The move comes amid broader corporate shifts and market reactions.
Oil Rebounds as Hormuz Strikes Cloud Iran Deal Outlook
Oil prices rebounded after U.S. strikes near Hormuz, with Brent rising toward $100. Talks continue amid uncertainty over reopening the strait.
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4 dead, 5 hurt in Belgium train-school bus crash
A train collided with a school bus in Buggenhout, Belgium, killing four and injuring five. Rescue operations are underway as authorities investigate the cause.
UAE Pipeline Bypasses Hormuz in Months, Canada Still Waiting
While Canada takes decades to build pipelines, the UAE fast-tracks a Strait of Hormuz bypass in months. A stark contrast in oil infrastructure efficiency.
Surrey mega factory to repurpose used EV batteries
Moment Energy is building a $10M facility in Surrey to recondition used EV batteries into 500 kWh stationary power units, supporting backup power and grid stability.
Swiss trader Lytton profits from Iraqi oil through Hormuz
Lytton SA, a Geneva-based trading house, earned a gross profit of about US$60 million by transporting Iraqi crude through the Strait of Hormuz amid war risks.
BHP Scales Back Green Projects in Iron Ore Operations
BHP pulls back on key decarbonization projects in Western Australia, shelving solar and battery initiatives amid rising costs and technology challenges.
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BHP Slows Green Push in Iron Ore Operations
BHP is scaling back key decarbonization projects in its Western Australian iron ore operations, shelving solar and battery initiatives amid rising costs and technology challenges.
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