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.
Category : Energy Sector
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.
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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.
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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.
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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.
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. Carbon Capture Firm Sees Alberta as Ideal Launchpad
Mantel Capture begins engineering study for carbon capture at an Alberta oilsands site, highlighting the province's advantages for scaling the crucial climate technology. Learn about the potential impact.
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San Francisco Power Restored After Major Outage
Electricity has been largely restored in San Francisco following a massive power outage. The incident, now under investigation, left thousands without power.
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.
Heat Pump Rebates Ending Early in Nova Scotia
Nova Scotia will conclude the federal heat pump rebate program ahead of other provinces next year. Learn about the timeline and what it means for homeowners.
N.S. to wrap up federal heat pump rebate ahead of other provinces
Nova Scotia will conclude the federal heat pump rebate program in 2025, ahead of other provinces. Learn about the program's impact and what this means for homeowners seeking energy-efficient upgrades.
Alberta may reroute oil pipeline through U.S. states
Alberta Premier Danielle Smith suggests a pipeline route through Montana, Idaho, and Washington could bypass B.C.'s resistance. Explore the escalating interprovincial energy conflict.
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NB Power seeks 15-year battery storage partnership
NB Power is launching a search for a long-term battery storage partner to support renewable energy integration. Learn about New Brunswick's clean energy strategy.
Ontario and New York sign cross-border nuclear power deal
Ontario Premier Doug Ford and New York Governor Kathy Hochul have inked a significant agreement to collaborate on nuclear energy, marking a major step in cross-border clean power initiatives. Read the full details of the partnership.
New Pipeline MOU Criticized as Investment Killer
An analysis of the recent Ottawa-Alberta pipeline MOU reveals it creates new hurdles for development while failing to address key barriers like the tanker ban and Indigenous veto power.
Utilities Commission Questions Hydro's Site C 'Lessons Learned'
B.C. Utilities Commission challenges B.C. Hydro's claims of learning from the $8B Site C overruns. Will accountability improve for the $6B North Coast line? Read the tough questions.
Manitoba Hydro projects loss after third dry year
Crown-owned Manitoba Hydro forecasts a financial loss due to a third consecutive year of low water levels, impacting hydroelectric power generation. Learn about the implications for the province.
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B.C. backtracks on pipeline tax cut plan, saving ratepayers
The B.C. government has reversed a plan to slash pipeline tax assessments, a move that will save utility ratepayers from potential cost hikes. Learn the details of this significant policy shift.
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