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.
Category : Energy Sector
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.
LNG Canada Flaring 15 Times More Gas Than Expected
Documents reveal LNG Canada's Kitimat facility has been flaring up to 15 times more gas than anticipated, with officials aware of issues months before informing regulators.
Propane Explosion Injures Three in RM of Taché
A dangerous explosion at a propane distribution facility in the RM of Taché has left three individuals injured, prompting a significant emergency response from local firefighters.
Moe: Saskatchewan in 'Race' to Make Canada Energy Superpower
Saskatchewan Premier Scott Moe highlights provincial unity and resource development potential following Ottawa's First Ministers Meeting, emphasizing regulatory advantages and major projects.
Milton Hydro's Digital Overhaul Boosts Efficiency
Milton Hydro has successfully transformed its manual scheduling processes into a modern digital platform, achieving measurable cost savings and improved operational efficiency for its 44,000 customers.
India Wants More Canadian Crude from West Coast
Energy Minister Tim Hodgson states India's desire for more Canadian crude oil exports via the West Coast, highlighting potential trade growth and energy cooperation between the two nations.
B.C. AI and Data Centres Must Compete for Power
British Columbia introduces a new competitive selection process requiring AI and data centre projects to vie for electricity access, as Energy Minister Adrian Dix announces policy at BC Hydro headquarters.
Aduro Clean Technologies Closes Over-Allotment Option
Aduro Clean Technologies has successfully closed the underwriter's over-allotment option in its public offering, issuing additional shares and warrants for approximately US$3 million in gross proceeds.
NS Government Opposes NS Power Rate Hike Request
The Houston government in Nova Scotia has formally requested the provincial energy board to deny Nova Scotia Power's application for a rate increase, citing affordability concerns for residents.
Mercredi Joins Arctic Gateway Group Board
Former Assembly of First Nations Grand Chief Ovide Mercredi has been named to the board of the Arctic Gateway Group, adding his extensive Indigenous leadership experience to northern infrastructure development.
Carney Reopens Door to China Energy Cooperation
Prime Minister Mark Carney's recent Beijing visit has quietly ushered in a new era of Canada-China energy cooperation, with agreements extending beyond oil and gas to include clean energy and climate initiatives.
Federal Energy Funding Needed for Saskatoon's DEED Project
Ward 10 Coun. Zach Jeffries emphasizes that federal energy funding is crucial for Saskatoon's Downtown Event and Entertainment District, warning of property tax hikes without it.
China Turns to Canada for Oil After Venezuela Sanctions
Shandong Chambroad Petrochemicals bids for Canadian Cold Lake crude as U.S. intervention disrupts Venezuelan oil flows, narrowing discounts and reshaping global energy markets.
Imperial Oil Raises Dividend as Q4 Profit Falls
Imperial Oil announces a quarterly dividend increase while reporting a decline in fourth-quarter profit compared to the previous year, reflecting ongoing market dynamics.
Chevron's Self-Funding Model for Venezuela Oil Growth
Chevron plans to boost Venezuelan oil production by 50% using revenue from sales rather than new capital, requiring U.S. Treasury approvals while navigating political risks.
Chevron Beats Q4 Profit Estimate, Eyes Venezuela
Chevron Corporation has reported a stronger-than-anticipated fourth-quarter profit, outperforming Wall Street estimates. The energy giant is also evaluating potential investment opportunities in Venezuela.
MAX Power Drills Second Natural Hydrogen Well in Saskatchewan
MAX Power Mining Corp. prepares to drill its second natural hydrogen well at the Bracken site in Saskatchewan, expanding exploration 325 km southwest of the Lawson discovery.
Dow's $10B Alberta Petrochemical Project Advances to 2029
Dow Inc. confirms its $10-billion net-zero petrochemical project in Fort Saskatchewan will proceed with a revised timeline, targeting startup by late 2029 after a two-year delay.
Gas Price Hike Hits Nova Scotia and New Brunswick
Motorists in Nova Scotia and New Brunswick are facing higher fuel costs as gas prices rise across Atlantic Canada, adding financial pressure amid ongoing economic concerns.
OPEC+ to Keep Oil Output Pause in March as Prices Jump
The OPEC+ alliance is likely to extend its voluntary oil production cuts into March 2026, according to Reuters sources, as global crude prices climb.
Venezuela Opens Oil Sector to Privatization
Venezuela's acting president signs a law privatizing the oil industry, reversing decades of socialist policy, as the U.S. eases sanctions to attract foreign investment.
Energy Company Eyes Northern Manitoba Port: Kinew
Manitoba Premier Wab Kinew reveals a significant energy corporation is evaluating a northern port, potentially boosting the province's economic and trade prospects.
Smith, Carney Open to Alternate Oil Pipeline Routes
Federal ministers indicate willingness to consider alternative routes for oil pipelines, moving away from a sole focus on the northwest coast option, amid ongoing energy and environmental discussions.
Pipelines Promote National Unity, Counter Separatism
An editorial argues that building pipelines from Alberta to B.C. strengthens Canada's economy and counters separatist movements, contrasting with past federal policies.
Venezuela Eases State Control of Oil Industry
Venezuelan lawmakers have passed a bill to loosen state control over the oil sector, opening it to private and foreign investment amid economic challenges.
Ontario's Greenstone Transmission Line Named Priority Project
The Ontario government has declared the Greenstone transmission line a priority initiative, aiming to replace diesel generation and enable development in the mineral-rich Ring of Fire region.
U.S. Crude Output Recovers Post-Winter Storm
American crude oil production has resumed its upward trajectory following a significant temporary decline caused by severe winter weather and power outages across key producing regions.
Hydro-Québec Power Outage Planned for Côte-St-Luc
Hydro-Québec will cut power to approximately 1,200 customers in Côte-St-Luc for eight hours on Monday as part of network upgrades following recent outages.
Cold Snap Halts Hydro-Québec Exports to Massachusetts
A severe cold snap in Quebec has forced Hydro-Québec to curtail electricity exports to Massachusetts, highlighting vulnerabilities in cross-border energy infrastructure during extreme weather events.
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