One of the clever ways to deal with the unprecedented and disruptive U.S. presidency of Donald Trump is to make up acronyms using Mexican foods. This has given us TACO — Trump Always Chickens Out — to reflect the U.S. president's tendencyto escalate a situation before retreating once the economic and political costs become too heavy. Then there was EMPANADA — Everybody Makes Promises And Nobody Actually Delivers Anything — used to describe countries making outrageous and unachievable trade [Read more]
News
Strathcona Resources Ltd. Announces First Steam at Meota Central and Provides Update on Lloydminster Thermal Business
CALGARY, AB, July 8, 2026 /CNW/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today announced it successfully achieved first steam at its Meota Central project on June 6, 2026. Construction of Meota Central is now complete, with first oil expected late in the third quarter of 2026. Construction at Meota Central was completed at a total installed cost of approximately $345 million (3% under budget) over the course of 18 months (2 months, or 9% ahead of budget). [Read more]
Discount on Western Canada Select narrows as global crude settles higher
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $14.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.95 on Tuesday. * The discount so far this July has unwound most of the tightening that took place in June. Increased volumes of oil transiting through the Strait of Hormuz and the ongoing weakness in China's [Read more]
Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid and Confirms Q2 2026 Release Date and Conference Call Details
CALGARY, AB, July 8, 2026 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer bid ("NCIB") through the facilities of the TSX, New York Stock Exchange and other alternative trading platforms in Canada and the United States. The NCIB allows Vermilion to purchase up to 15,157,179 common [Read more]
Pembina Congratulates Meta and the Government of Alberta on New Data Centre Investment
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), Morgan Stanley Infrastructure Partners ("MSIP"), and Kineticor Asset Management ("Kineticor"), partners in the Greenlight Electricity Centre Limited Partnership ("Greenlight") (the "Partners"), congratulate Meta and the Province of Alberta on today's announcement of a major new data centre project in Alberta. Members of Pembina's leadership team joined Meta, Alberta Premier [Read more]
Meta makes historic investment in Alberta
July 8, 2026 Meta will invest more than $13 billion in Alberta, creating thousands of jobs, generating new provincial revenue and supporting reliable, affordable electricity. On this page: Water Electricity Land Quick facts Related information Multimedia Meta has announced plans to build its first Canadian data centre in Alberta, representing an investment of more than $13 billion – one of the largest private-sector investments in Canadian history. The [Read more]
Meta to build C$13 billion Alberta data center, its first in Canada
Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company's first in Canada, as it rapidly builds out computing capacity to support the global AI boom. The 1-gigawatt data center will be located in Sturgeon County and represents a total investment of C$13 billion, or $9.17 billion, Meta said. Meta has doubled down on AI, pledging hundreds of billions of dollars to build large AI data centers in the U.S. The Alberta announcement represents the [Read more]
Regional Assessment Begins of Potential Exploratory Drilling in the Canada-Nova Scotia Offshore Area
OTTAWA, ON, July 8, 2026 /CNW/ - The Government of Canada continues to advance regional assessments across the country while integrating its nature and economic agendas. These assessments will help support timely development decisions while protecting the environment. Today, the Impact Assessment Agency of Canada published the finalized Terms of Reference and is proceeding with the Regional Assessment of Oil and Gas Exploratory Drilling in the Canada-Nova Scotia Offshore Area. The Terms of [Read more]
How Iran’s ‘golden weapon’ of Hormuz became a bigger priority than its long-disputed nuclear programme
* Interim deal's wording fuels rival U.S.-Iran interpretations over who manages transit * Tehran once viewed shutting the waterway as a last resort * Iran won't start nuclear talks before Washington accepts its authority over the strait By Parisa Hafezi and Angus McDowall DUBAI, July 8 - Control over the Strait of Hormuz has become a "golden weapon" to Iran, for which it is willing to risk new escalations with the United States, and is a bigger priority than a nuclear programme for [Read more]
Chevron offers rival drillers its chemical technology to boost shale oil output
Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part of a broader push to increase U.S. oil output. The move comes as the U.S. shale industry, which transformed global energy markets nearly 20 years ago through the fracking boom, grapples with declining well productivity, which experts say is pushing companies either to drill more wells or adopt new technology to sustain output. Chevron [Read more]
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