Canadian Oil Supply Glut Forms as Discounts Widen
Canada's oil market signals a supply glut with discounts exceeding US$15 per barrel. The expanded Trans Mountain pipeline initially boosted prices but now faces competition and storage challenges.
Category : Energy Sector
NS Power Targets March Meter Reconnection Amid Billing Concerns
Nova Scotia Power anticipates reconnecting all meters by late March as customers face ongoing billing problems. The utility's customer care director addresses the challenges.
U.S. Oil Giants Target OPEC Nations with Trump's Backing
Exxon Mobil and Chevron are pursuing production expansion in geopolitically risky OPEC nations like Venezuela, Iraq, and Libya, supported by U.S. foreign policy under President Trump.
Bill C-5 Shields Canadian Oil from Venezuela Threat
Analysis explains why Venezuela's potential oil industry revival poses minimal threat to Canada's energy sector, highlighting governance risks and investment hesitancy.
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Green Steel's Economic Reality: Hydrogen Production Hurdles
An analysis of green steel production reveals staggering costs and energy requirements that challenge its viability as a replacement for traditional blast furnace methods in Canada's industrial future.
Gas Prices Jump Across the Maritimes
Drivers in Atlantic Canada face higher fuel costs as gas prices rise across the Maritimes, reflecting broader economic and market factors affecting regional energy.
Hydro-Québec Speeds Up Côte-St-Luc Substation Project
Hydro-Québec is accelerating transmission line upgrades for the new Côte-St-Luc substation after over 15,000 customers lost power during January's coldest weekend. The $740 million project aims to improve grid reliability by 2029.
Manitoba Hydro Lawsuit Dismissal Sought by Governments
Winnipeg governments and Manitoba Hydro file motion to dismiss lawsuit alleging environmental damage from Lake Winnipeg Regulation hydroelectric project.
Legault Vows 7-Year Predictability for Horne Smelter
Quebec Premier François Legault commits to ensuring seven years of operational predictability for Glencore's Horne Smelter in Rouyn-Noranda, addressing economic stability concerns in the region.
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NB Power Eyes Medical Isotope Production at Lepreau
New Brunswick's NB Power is investigating the potential for medical isotope production at its Point Lepreau Nuclear Generating Station, marking a significant diversification opportunity.
Manitoba Propane Facility Explosion Injures Workers, Stops Work
A serious explosion and fire at a propane distribution facility in the RM of Taché, Manitoba has resulted in worker injuries and prompted immediate stop-work orders from authorities as investigations begin.
Cologix Acquires 38 Acres in Ashburn for $5B Growth Plan
Cologix announces strategic 38-acre land acquisition in Ashburn, Virginia, to develop new AI-ready interconnection hub supporting long-term $5B Northern Virginia growth plan.
Cuba Power Outages Persist as U.S. Tensions Escalate
Cubans face ongoing electricity blackouts and energy rationing, with tensions with the U.S. adding to the strain. The situation highlights infrastructure challenges and geopolitical pressures.
ConocoPhillips Targets $1B Cost Cuts After Profit Miss
Energy giant ConocoPhillips reveals plans to slash costs by US$1 billion in 2026 after reporting quarterly earnings below expectations, signaling strategic adjustments in the competitive oil sector.
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Chinese State Firms Eye Canadian Oil Sands Amid Federal-Provincial Deal
Alberta Premier Danielle Smith praises a new federal-provincial memorandum of understanding as Chinese state-owned companies consider majority stakes in Canada's oil patch, raising economic and security concerns.
OPG Chair Wendy Kei Joins General Fusion as Advisor
Ontario Power Generation Board Chair Wendy Kei has joined General Fusion as a strategic advisor, bringing over 30 years of financial leadership and governance experience to the fusion energy company as it prepares to go public.
Quebec LNG Project Touted as Gateway to European Market
A new report from the Montreal Economic Institute argues that a proposed Quebec liquefied natural gas project should be expedited to position Canada as a key supplier to Europe amid shifting energy dynamics.
London Considers District Energy for City Buildings
The City of London is evaluating an innovative district energy system to provide heating for three municipal facilities, potentially reducing costs and environmental impact.
B.C. First Nation Withdraws Support for Gas Export Facility
A First Nation in British Columbia has withdrawn its support for a liquefied gas export facility, marking a significant shift in Indigenous relations with energy projects in the province.
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Oilsands Giants Smash Records, Rise in Global Production
Alberta's oilsands sector achieved record-breaking production in 2025, with output more than doubling since 2010. Major companies like Suncor, Cenovus, and Canadian Natural Resources are setting new benchmarks.
Canada's LNG Push Faces Scrutiny Over Climate and Economic Risks
As Canada accelerates liquefied natural gas projects like Ksi Lisims, experts question the economic viability, environmental impact, and national interest of these multi-billion dollar investments.
Suncor Reports 70% Safety Improvement and New Strategy
Suncor Energy CEO Rich Kruger reports a 70% reduction in worker injuries over three years, with 2025 being the safest year in company history, while announcing new three-year and 15-year strategic plans.
Syria Signs Offshore Oil Deal with Chevron, Qatar
Syria has finalized a significant offshore oil field agreement with Chevron and a Qatari investor, marking a pivotal step in its energy sector development.
Alberta Energy Needs More Than Symbolic MOUs
Analysis of why Alberta's energy sector requires substantive federal policy changes beyond memorandums of understanding, examining competitive threats from Venezuela and regulatory challenges.
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Suncor Hits Record Q4 Output Despite Weather
Suncor Energy reported record fourth-quarter production, overcoming significant operational hurdles posed by extreme weather conditions across its Canadian assets.
CAQ Won't Fund Horne Smelter Now, Citing Fiscal Priorities
The Quebec government has decided against providing immediate financial support for the Horne smelter in Rouyn-Noranda, emphasizing careful fiscal management amid broader economic pressures.
U.S. Oil Inventories Fall, Gasoline Rises: EIA Data
The U.S. Energy Information Administration reports a weekly drop in crude oil and distillate inventories, while gasoline stocks increased, reflecting shifting energy market dynamics.
Alberta Eyes New Pipeline Routes for Asian Oil Markets
Alberta Premier Danielle Smith reveals five potential port options for a new oil pipeline to Canada's west coast, aiming to export an additional 1 million barrels daily to Asia amid federal trade diversification efforts.
Vitol Exec: LNG Market Stress from Higher Supply This Decade
A senior Vitol executive forecasts that increased LNG supply in the 2020s will pressure markets, amid Canada's energy sector developments and economic concerns.
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Suncor Posts Record Q4 Production, Adjusted Profit Dips
Calgary-based Suncor Energy achieved record production volumes in the fourth quarter of 2025, though its adjusted operating earnings saw a modest decline compared to previous periods.
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