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.
Category : Energy Sector
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.
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.
REV Exploration Enters US Market with Montana Acquisition
Vancouver-based REV Exploration Corp. announces a letter of intent to acquire oil and gas leasehold interests in Montana, expanding its North American energy portfolio.
Venezuelan Oil Experts in Canada Unlikely to Return Home
Venezuelan expatriates who contributed to the growth of Canada's oil sands industry now view a return to their homeland as improbable due to ongoing political and economic instability.
Manitoba Hydro Files Long-Term Roadmap with PUB
Manitoba Hydro has submitted its comprehensive long-term strategic roadmap to the Public Utilities Board, outlining future energy plans for the province.
Submarine Bids May Bring Economic Benefits to Maritimes
A South Korean firm is considering significant investments in the Maritimes through submarine bids, potentially creating jobs and stimulating regional economic growth amid national recession concerns.
Alberta Oil Production Sets New Record in 2025
Alberta's oil industry has achieved another annual production record, with output reaching unprecedented levels in 2025. This milestone underscores the sector's continued economic importance amid ongoing national energy debates.
Oilpatch Leaders Criticize Ottawa's Carbon Pricing Proposal
Federal carbon pricing proposals spark industry backlash, with oilpatch leaders calling them punitive and lacking business sense amid sensitive Alberta-Ottawa negotiations.
Siemens Energy's $1B U.S. Power Market Investment
Siemens Energy announces a major $1 billion investment to expand its presence in the rapidly growing U.S. power generation and transmission sector.
Tennessee Backs Nuclear Graphite Plant by Carbonium Core
Smartkem welcomes state-level endorsement for Carbonium Core's proposed nuclear graphite manufacturing unit in Tennessee, aiming to establish a domestic supply chain for next-generation nuclear reactors.
China's Coal Plant Surge Despite Solar & Wind Growth
China continues to construct new coal-fired power plants at a rapid pace, even as it leads the world in solar and wind energy installations, highlighting a complex energy security strategy.
Oil Prices Fall on Easing U.S.-Iran Tensions
North American oil prices declined sharply as diplomatic talks between the U.S. and Iran reduced geopolitical fears, affecting Canadian producers and potentially lowering fuel costs for drivers.
Worker Killed in Rolling Pipe Incident at Alberta Oilsands
A tragic workplace accident at a northern Alberta oilsands site has left one worker dead and another injured after a pipe rolled, highlighting ongoing safety concerns in the energy sector.
Oil Plunges on Easing Iran Risks and Commodities Selloff
Crude oil prices experienced a sharp decline as geopolitical tensions with Iran diminished and a broader commodities selloff intensified market pressures.
U.S. Natural Gas Prices Plunge 21.6% in Major Market Shift
U.S. natural gas futures plummeted over 21% as warmer weather forecasts reduced heating demand, putting March contracts on track for their largest daily percentage loss since 1996.
U.S. Plans Strategic Reserve for Rare Earth Elements
The Trump administration announces plans to create a national strategic reserve for rare earth elements, aiming to reduce dependence on foreign sources and secure critical supply chains for technology and defense.
Imperial Oil Shuts Norman Wells After Century of Production
Imperial Oil Ltd., an Exxon Mobil subsidiary, will close the historic Norman Wells oil production site in Canada's Northwest Territories after a century of operation, with production declining significantly from its peak.
Darlington Nuclear Plant Refurbishment Finished Early
The Darlington nuclear power plant refurbishment in Ontario has been completed months early and $150 million under budget, extending its operational life until at least 2055.
OPEC+ Keeps Supply Pause as Oil Climbs on Iran Risk
OPEC+ reaffirms its three-month production freeze through March despite oil prices hitting four-month highs due to U.S.-Iran tensions. Key members led by Saudi Arabia and Russia leave future decisions for March meeting.
Trump's $12B Minerals Stockpile to Counter China
President Donald Trump is launching a $12 billion critical minerals stockpile called Project Vault to reduce U.S. reliance on Chinese rare earths and secure supply chains for manufacturers.
Devon and Coterra Merge in $58 Billion Shale Deal
U.S. energy giants Devon Energy and Coterra Energy have agreed to a monumental $58 billion merger, signaling a major consolidation within the North American shale oil and gas sector.
Darlington Nuclear Refurbishment Done Under Budget
Ontario Power Generation has successfully completed the refurbishment of the Darlington nuclear plant, finishing ahead of schedule and under the allocated budget, according to the provincial minister.
B.C. Ghost Town Owner Pushes Energy Export Terminal Plan
Krishnan Suthanthiran, owner of the remote Kitsault, B.C., is renewing efforts to transform the former mining town into a major energy export hub, seeking government support.
SaskPower Rate Hikes Now in Effect: What It Means
SaskPower's approved electricity rate increases have officially begun, affecting residential and business customers across Saskatchewan with higher monthly bills.
Imperial Closing Norman Wells Oil Site After 100 Years
Imperial Oil Ltd. announces closure of the historic Norman Wells oil production site in Northwest Territories after a century of operation, marking end of an era in Canadian Arctic energy.
Gas Leak Causes Explosion in Iran's Bandar Abbas Port
An explosion caused by a gas leak has been reported in the Iranian port city of Bandar Abbas, a key location in the Strait of Hormuz, according to Iranian media sources.
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