Canadian oil sands producer Suncor Energy on Tuesday announced a more than 20% increase in its annual share repurchase plan to C$4 billion ($2.87 billion) for 2026. It also estimated roughly 400,000 barrels per day of future production capacity at an average cost of C$30,000 per flowing barrel. The company said it expects upstream production to grow by about 100,000 barrels per day by 2028 and plans to lift refining network nameplate capacity by 10% to 511,000 barrels per [Read more]
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Hegseth: more vessels are flowing through the Strait of Hormuz
More vessels are flowing through the Strait of Hormuz, U.S. Defense Secretary Pete Hegseth told a briefing on Tuesday. "There are countries around the world who ought to be prepared to step up on this critical waterway as well," he told reporters. (Reporting by Phil Stewart, writing by Michelle Nichols, editing by David Ljunggren) [Read more]
Alliance Pipeline announces a binding open season for firm service in Alberta’s Industrial Heartland
CALGARY, AB: (March 2, 2026) Alliance Pipeline Limited Partnership (“Alliance”), fully owned and operated by Pembina Pipeline Corporation, announced today a binding open season (“Open Season”) for expansion capacity commitments of up to 350 mmcf/d of incremental natural gas delivery in Alberta’s Industrial Heartland (“Firm Heartland Service”) that will remain open until April 20, 2026. The Open Season is on the Canadian segment of the Alliance system in northwest Alberta for the Firm [Read more]
Old men and cell phones – three won’t-lose lions race to master drones and rule the world
Long in tooth and soul Longing for another win Lurch into the fray Weapon out and belly in - Invincible by Tool (similarly for quote at bottom) I slept through history class as often as possible, though in hindsight I can see value in knowing some of that stuff. My rebellion was mainly against being tested on persnickety elements like exact dates of major events rather than the overall meaning in the context of the time. In defense of my teachers, maybe they did cover exactly that, but [Read more]
Trump urges countries to go to Strait of Hormuz and ‘just take it’
President Donald Trump on Tuesday urged countries that did not help in the U.S.-Israeli strikes on Iran to buy American oil and go to the Strait of Hormuz and "just TAKE it." Trump singled out Britain and France as unhelpful in the month-long war that has roiled global markets, driven up energy prices and seen Iran effectively close oil tanker traffic through the Strait. "All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused [Read more]
Women across Canada demand decisive changes to energy policy, as oil prices and supply capture global attention
Survey results reveal engaged women see Canada's natural resources as a strategic global asset, wanting to keep ties with the U.S. while aggressively expanding export routes. CALGARY, AB, March 31, 2026 /CNW/ - Today, Canada Powered by Women (CPW) released new national research revealing that engaged women in Canada are urgently calling for decisive government leadership on energy and economic policy. Amid affordability pressures at home and concern for Canada's prosperity, [Read more]
EU tells members to prepare for ‘prolonged disruption’ to energy markets from Iran war
European Union governments should prepare for a "prolonged disruption" to energy markets as a result of the Iran war, the bloc's energy chief has told countries' ministers ahead of an emergency meeting on Tuesday. In a letter to energy ministers, dated March 30 and seen by Reuters, EU Energy Commissioner Dan Jorgensen said governments were "encouraged to make timely preparations in anticipation of a potentially prolonged disruption". Europe's heavy reliance on imported fuel means the [Read more]
Ensign Energy Services Inc. – Announces mailing and filing of proxy materials for the Annual General Meeting and Chief Financial Officer transition
CALGARY, March 30, 2026 /CNW/ - Ensign Energy Services Inc. ("Ensign" or "the Company") is pleased to announce the mailing and filing of proxy materials for the Annual General Meeting being held on May 6, 2026 at 3:00 p.m. (Mountain Standard Time) at the Calgary Petroleum Club, 319 – 5th Avenue S.W., Calgary Alberta. The deadline for receipt of proxies from those shareholders who cannot attend the meeting is 3:00 p.m. (Mountain Standard Time) on Monday, May 4, 2026. The annual [Read more]
Kuwait says an oil tanker hit in Iranian attack at Dubai port, warns of possible oil spill
Kuwait Petroleum Corporation said a giant Kuwaiti crude oil tanker, Al Salmi, was directly targeted in what it described as an Iranian attack while anchored at Dubai port in the United Arab Emirates, causing damage to the vessel and a fire onboard, the state news agency KUNA said on Tuesday. The corporation said the tanker was fully loaded at the time of the incident and warned of a possible oil spill in surrounding waters, adding no casualties were reported and an assessment of the damage was [Read more]
Planned LNG plant in Alaska seeks equipment from sanctioned Russia firm
The head of Polar LNG, a company that plans to build a liquefied natural gas plant on Alaska's North Slope, said his company is hoping to buy discounted equipment from a Russian project on which Washington has imposed sanctions. Polar LNG launched on Monday. Joel Riddle, its president and CEO, in an interview said the company wants to make a final investment decision on its plant in mid-2027 and start producing LNG in 2029 or 2030. * Polar LNG is hoping to get approval from the U.S. Office [Read more]
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