EDMONTON - A political scientist says U.S. President Donald Trump's interest in transforming Venezuela's oil-rich sector is a reminder for Canada's oil and gas industry to not panic and stay competitive. Heather Exner-Pirot, director of energy, natural resources and environment with the think-tank Macdonald-Laurier Institute, says Canada has always competed with other oil-rich countries, and Trump's recent claims his country will "run" oil-rich Venezuela is a medium-term risk to Canada. She [Read more]
N.S. premier ran on taxes and health care, but pivoted in 2025 to focus on energy
HALIFAX - In the year since the Nova Scotia Progressive Conservatives under Premier Tim Houston won a resounding second mandate, the government's focus has largely been on a topic that didn't get much attention during the 2024 election campaign. Houston's Tories have lifted a moratorium on fracking and a ban on uranium mining, and opened calls for offshore oil and gas exploration bids. They've introduced measures to streamline both the environmental assessments for energy projects and the [Read more]
Nova Scotia ready for private companies to start exploring for onshore natural gas
HALIFAX - The Nova Scotia government is working with Dalhousie University to issue a call for companies interested in exploring for onshore natural gas in the province. The $30-million project will see the university conduct research and set qualification criteria for companies interested in drilling exploratory wells. Companies will still need regulatory approval from the Department of Energy before they can start drilling. The government also says it may take equity stakes in drilling [Read more]
U.S. carbon capture firm says Alberta ticks boxes to get technology off the ground
CALGARY - The chief executive of a U.S.-based carbon capture startup embarking on a project in Alberta's oilsands says Canada ticks a lot of the boxes needed to bring the emissions-reducing technology into widespread use. "Alberta specifically is a really great confluence of all the right factors coming together to give Canada a chance to lead in this ecosystem," said Cameron Halliday, co-founder of Cambridge, Mass.-based Mantel Capture. "You've got the policy support. You've got the [Read more]
Canadian oilpatch can withstand crude market doldrums, experts say
CALGARY - Energy experts say U.S. oil producers will likely be the first to cut output should the global crude price continue to languish below US$60 per barrel, but their Canadian peers should be able to keep chugging along. West Texas Intermediate, the key U.S. light oil benchmark, settled at US$55.13 per barrel on Tuesday, the lowest the price has been since early 2021. Rory Johnston, founder of the Commodity Context newsletter, says unlike during the thick of the COVID-19 pandemic, [Read more]
Ovintiv signs on to Cedar LNG project as long-term customer
CALGARY - Ovintiv Inc. has signed on as a long-term customer for the Cedar LNG project that Pembina Pipeline Corp. and the Haisla Nation are constructing on the West Coast. A 12-year agreement will see 500,000 tonnes of gas per year shipped from Ovintiv's natural gas fields across British Columbia to the floating liquefied natural gas facility in Kitimat. There, the gas will be chilled into a liquid state so that it can be loaded on specialized tankers and sold in Asia. Last month, [Read more]
Canadian Natural earmarks 2026 capital for early work on oilsands expansions
CALGARY - Oil and gas giant Canadian Natural Resources Ltd. says it's expecting a small increase in spending and production in 2026 as it looks toward future oilsands expansions. The Calgary-based company says its capital budget for next year has been set at about $6.43 billion, up from the $6.15 billion it had targeted for 2025. That includes $175 million in early-stage engineering and design work on expansions to two steam-driven projects and the Jackpine mine in Alberta's [Read more]
Imperial Oil aiming for $2B-$2.2B capital budget for 2026
CALGARY - Imperial Oil Ltd. is predicting a modest boost in spending and upstream production next year compared with this year's targets, while refinery throughput is forecast to fall. The Calgary-based oil producer, refiner and retailer says it's budgeting $2 billion to $2.2 billion in capital and exploration expenditures in 2026. That's up from the $1.9 billion to $2.1 billion range it had targeted for 2025. Upstream production is expected to grow to between 441,000 and 460,000 gross [Read more]
Alberta-Ottawa agreement on methane targets stokes dismay for some, relief for others
CALGARY - The prospect of building a new bitumen pipeline to the West Coast has garnered most of the attention since Ottawa and Alberta announced their sweeping energy accord late last month, but another item has left environmentalists dismayed and energy industry players pleasantly surprised. The federal and provincial governments have agreed to extend by five years the timeline for the oil and gas sector to reduce its methane emissions. Draft federal regulations had called for a cut of 75 [Read more]
Trans Mountain pipeline pays $196K penalty for environmental lapses after 2024 storm
Trans Mountain has paid a regulatory fine for environmental lapses along its British Columbia pipeline route in the aftermath of a January 2024 storm. The $196,000 fine is the largest cumulative penalty of its kind issued by the Canada Energy Regulator. The regulator says when a January 2024 storm hit, the company failed to ensure enough environmental workers were on hand to handle the floodwater, and directed all of its crews to one location where weld repairs were taking place and where [Read more]
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