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EDMONTON - Capital Power Corp. has announced agreements to pursue U.S. natural gas power acquisitions and to supply electricity to a data centre developer in Alberta. The Edmonton-based power generator says it has reached a memorandum of understanding with Apollo Funds to form a US$3-billion investment partnership to buy merchant natural gas assets across the United States. Separately, Capital Power says it has entered into a binding MOU to negotiate an electricity supply agreement with an [Read more]

Q&A with David Detomasi, Queen’s University By Deborah Jaremko on December 8, 2025, 7:47 pm MST For Canada, the path to a stronger economy — and stronger global influence — runs through energy. That’s the view of David Detomasi, a professor at the Smith School of Business at Queen’s University. Detomasi, author of Profits and Power: Navigating the Politics and Geopolitics of Oil, argues that there is a moral case for developing Canada’s energy, both for Canadians and the [Read more]

(Adds analyst quote, details from report, updates prices) By Liz Hampton HOUSTON, Dec 10 - U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.8 million barrels to 425.7 million barrels in the week ended December 5, the EIA said in its weekly Petroleum Status Report, compared with analysts' expectations in a Reuters poll for a 2.3 [Read more]

When producers and midstream operators discuss the risks of electrical retrofits, they often highlight a common theme: moving legacy high-voltage infrastructure is rarely straightforward. Aging equipment, lengthy lead times, supply chain uncertainty, and decades-old site conditions can turn what should be a routine relocation into a costly exercise in surprises. That is why a recent project for a valued midstream client is gaining significant attention among operators and engineers. The [Read more]

The Trump administration will hold the government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel production. The auction is the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July. His administration's plans for offshore leasing are a significant departure [Read more]

OTTAWA - Half of Canadians are in favour of building a new bitumen pipeline between Alberta and B.C., while fewer than one in five outright oppose it, a new poll suggests. The Leger poll, which was conducted online and can't be assigned a margin of error, suggests support is particularly strong in Alberta and among men, older Canadians and Conservative voters. Prime Minister Mark Carney signed a memorandum of understanding last month with the Alberta government that sets out an agreement [Read more]

U.S. sanctions against Russian oil majors Lukoil and Rosneft could trigger a structural reshaping of the global oil sector over the next year, reversing Moscow's decades-long efforts to expand its international clout through energy investment. When President Donald Trump in October slapped sanctions on Rosneft and Lukoil, which together account directly or indirectly for around two-thirds of Russia’s oil exports, the U.S. struck at the core of the Kremlin’s revenue base. The measures formally [Read more]