QUÉBEC - The premiers of Alberta and Quebec say they want to take inspiration from each other on how to grow autonomy within Canada. Alberta Premier Danielle Smith and Quebec Premier Christine Fréchette met in Quebec City on Wednesday afternoon as sovereignty movements in both provinces try to gain momentum. "We often get a lot of wisdom from some of the legislation going through the Quebec legislature, which I'm watching with great interest," Smith told journalists ahead of her meeting [Read more]
News
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for July delivery in Hardisty, Alberta, settled at $12.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.25 a barrel on Tuesday. * Since the start of the U.S. war on Iran, the WCS differential has been driven by the WTI market's extreme backwardation, a term for when immediate deliveries trade at a premium over [Read more]
TransAlta to buy Blackstone-backed Colorado gas-fired plants for $1 billion
Canadian power producer TransAlta Corp said on Wednesday it will acquire two natural gas-fired peaking facilities near Denver, Colorado, from Blackstone for about $1 billion, strengthening its presence in the Western U.S. power market. Power producers are adding flexible gas-fired capacity to support rising demand, as the industry prepares for a rapid growth in electricity consumption, partly driven by power-hungry data centers. The assets, Mountain Peak Power and Canyon Peak Power, have a [Read more]
Global Energy Show kicking off in Calgary next week against backdrop of oil shock
CALGARY - Premiers, energy ministers, CEOs and a throng of international visitors are poised to descend on Calgary next week, when the annual Global Energy Show kicks off against a vastly different backdrop than the event last year. A year ago Alberta Premier Danielle Smith was just beginning to float the idea of a new West Coast oil pipeline, her government had yet to sign an energy accord with Ottawa setting out conditions for that plan and there was no war in the Middle East upending [Read more]
Middle East oil refineries could ramp up output in 40-60 days from end of crisis, Vitol Bahrain says
Middle East oil refineries could recover to more normal production levels in 40-60 days from the end of the current oil supply crisis linked to the effective closure of the Strait of Hormuz, Vitol Bahrain's regional head of research Bader Nooruddin said on Wednesday. That timeline would take production up to around 90-95% of refinery production, he said at the S&P Global Energy Middle East Petroleum and Gas Conference. Middle East Gulf refineries, including Oman which sits to the south [Read more]
See How AI Is Moving Into Oil and Gas Operations
AI adoption in oil and gas is shifting from experimentation to execution. Canadian operators are increasingly focused on how intelligence supports daily operational decisions across assets and crews. From maintenance scheduling to equipment performance, AI is being embedded into workflows that influence uptime, cost, and reliability under real operating conditions. Join IFS for a lunch discussion with industry peers, exploring how energy organizations are applying AI at scale. Registration [Read more]
What Does Conoco Know? A Comparison of Montney and US Completions
This article is sponsored content, written and paid for by the advertiser. We do not endorse or take responsibility for the accuracy of the information presented. It has not been reviewed by our editorial team, and the opinions expressed are solely those of the sponsor. ConocoPhillips is a rare example of an operator active in the Montney (at Inga in NE BC) as well as several major US plays (the Eagle Ford, Bakken and Permian (both Delaware and Midland sub-basins)). ConocoPhillips’ [Read more]
Trump says Iran has agreed to not have a nuclear weapon
U.S. President Donald Trump said Iran has agreed not to have a nuclear weapon and that he would probably meet with Supreme Leader Mojtaba Khameneiat some point if things "work out". "They've already agreed they're not going to have a nuclear weapon," Trump told "Pod Force One" in an interview broadcast on Wednesday, while speaking about Iran. Asked about Khamenei's involvement in talks with the U.S. on ending hostilities, Trump said, "He's involved, absolutely.... I think they have a lot [Read more]
Oil demand will spike after war to replenish stocks, ADNOC executive says
There will be a spike in oil demand to replenish storage levels after the current global oil supply crisis in overcome, ADNOC senior vice president of business transformation Fatema Bin Saleem Al Teneiji said on Tuesday. Oil demand will then start to pick up as oil prices normalise, she said at the S&P Global Energy Middle East Petroleum and Gas Conference in London. (Reporting by Robert Harvey in London, Editing by Louise Heavens) [Read more]
Kuwait could recover 70% of oil production in 6-8 weeks after Hormuz reopens, KPC executive says
Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Company's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday. The remaining 30% would take about another month, he told the S&P Global Energy Middle East Petroleum and Gas Conference. Kuwait's timeline for its production recovery is shorter than some forecasts for a full reopening of transits through the Strait [Read more]
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