The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for June delivery in Hardisty, Alberta settled at $15.30 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.85 on Wednesday. * While the discount has narrowed since the start of the month, the differential for heavy Canadian crude remains wider than it was at the beginning of the U.S. war on Iran. * The WCS differential has [Read more]
News
Carney, Smith confirm energy announcement coming Friday
CALGARY - Prime Minister Mark Carney and Alberta Premier Danielle Smith say they'll be in Calgary on Friday to announce the next step in their landmark energy pact. Carney says it will feature an implementation agreement on industrial carbon pricing and advance a potential new pipeline. Neither he nor Smith shared more details, but the premier told the legislative assembly it would be another step toward resetting the province's relationship with Ottawa. The memorandum of understanding signed [Read more]
Mideast conflict puts Argentina’s Vaca Muerta shale in focus, analysts say
Argentina has launched its biggest Vaca Muerta shale bid round in a decade, offering 15 exploration blocks as energy companies and importing nations seek more reliable crude supplies amid heightened Middle East tensions. The auction, run by Neuquen provincial energy company Gas y Petroleo del Neuquen (GyP), comes as concerns over disruption to oil flows through the Strait of Hormuz sharpen interest in supply sources outside the region. * Consultancy Rystad Energy said Vaca Muerta, the [Read more]
Carney says Canada, Alberta will advance a potential crude oil pipeline
Canada and the energy-producing province of Alberta will meet on Friday and advance a potential pipeline to transport at least one million barrels of Alberta oil a day to new markets, Prime Minister Mark Carney said on Thursday. Carney, speaking to reporters, also confirmed an earlier Reuters report which said he would also unveil details of a new deal with Alberta on industrial carbon pricing. (Reporting by David Ljunggren) [Read more]
Prime Minister Carney announces forthcoming National Electricity Strategy
OTTAWA, ON, May 14, 2026 /CNW/ - The world is changing rapidly. The United States is upending global trade, wars are ongoing in Europe and the Middle East, artificial intelligence is scaling at speed, and climate change is intensifying. In response, Canada's new government is focused on what we can control: building an affordable, competitive, and sustainable Canadian economy. Central to this mission is supplying and controlling our own energy. Electricity is the clear solution to [Read more]
Carney pushes new clean electricity strategy to expand grid, lower costs
OTTAWA - The federal government is planning to adjust the clean electricity regulations to give more flexibility to LNG power plants and help to double Canada's electricity grid by 2050. Prime Minister Mark Carney on Thursday unveiled Canada's long-awaited clean electricity strategy, which aims to lower energy costs for 70 per cent of Canadian households. The strategy says construction will cost more than $1 trillion and public dollars will be used to cover some of the cost. "Doubling [Read more]
Global Energy Show Canada 2026 to deliver significant economic impact for Calgary and area
International energy leaders to converge in Calgary, driving millions in economic activity, boosting tourism and reinforcing the region’s role as a global energy hub CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) -- Global Energy Show Canada 2026, hosted by dmg events, returns to Calgary from June 9-11, 2026, bringing substantial economic impact to the city and province while further solidifying Alberta’s position as a global leader in energy. Global Energy Show Canada is poised to [Read more]
Highwood Asset Management Ltd. announces first quarter 2026 results, and operational update
NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES CALGARY, AB, May 14, 2026 /CNW/ - Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce its financial and operating results for the three months ended March 31, 2026 and to provide an operational update. The Company also announces that its unaudited interim consolidated financial statements and associated Management's Discussion and Analysis ("MD&A") for the period ended March 31, [Read more]
‘Extraordinarily innovative’ oil sector can weather increased carbon price: ATCO CEO
CALGARY - The chief executive of ATCO Ltd. says she believes the energy sector can weather an increase in the carbon price, a move some business leaders have said would hurt Canada's competitive position on the world stage. "None of us want to have additional tax imposed on us," Nancy Southern told reporters following her company's annual general meeting on Wednesday. "However, we — and especially our Canadian oil industry — have been extraordinarily innovative." The "energy superpower" [Read more]
Iran allowing transit of Chinese vessels in Strait of Hormuz, Fars news reports
Iran has begun allowing some Chinese vessels to transit through the Strait of Hormuz following an understanding over Iranian management protocols for the waterway, the semi-official Fars news agency said on Thursday, citing an informed source. The Fars report came as U.S. President Donald Trump, who is on a state visit to China, agreed with the Chinese leader Xi Jinping that the Strait of Hormuz must be open for the free flow of energy. The source told Fars news the move followed requests [Read more]
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