CALGARY - Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday. There have long been discussions about building reactors in Alberta — including ones that could power oilsands operations — but the province is currently reliant on greenhouse-gas emitting natural gas for electricity. Those conversations are to begin anew around September or October, when Chantelle de Jonge, parliamentary secretary for [Read more]
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Premiers Danielle Smith and Doug Ford agree to study new energy corridors, more trade
CALGARY - The premiers of Alberta and Ontario agreed Monday to a feasibility study of new pipelines and rail lines between provinces and pledged to increase interprovincial trade of alcohol and vehicles. The agreements, laid out in two memorandums of understanding the premiers signed in Calgary, will also see Alberta and Ontario band together to advocate for federal regulatory changes and push for nuclear energy development. "We're uniting with Ontario to amplify our voices and double down [Read more]
Alberta-Ontario MOUs fuel more pipelines and trade
Alberta and Ontario will sign agreements to drive oil and gas pipelines, energy corridors, and repeal federal policies blocking investment and growth Alberta Premier Danielle Smith and Ontario Premier Doug Ford have signed two memorandums of understanding (MOUs) during Premier Ford’s visit to the Calgary Stampede, outlining their commitment to strengthen interprovincial trade, drive major infrastructure development, and grow Canada's global competitiveness by building new pipelines, rail [Read more]
Oil rises as strong demand outweighs larger-than-expected OPEC+ output hike
Oil rose more than 1% on Monday on signs of strong demand, shrugging off the impact of a higher-than-expected OPEC+ output hike for August as well as concerns about the potential impact of U.S. tariffs. Brent crude futures rose 79 cents, or 1.2%, to $69.08 by 02:05 p.m. ET (18:05 GMT). U.S. West Texas Intermediate crude was at $67.29, up 29 cents, or 0.4%. The benchmarks had fallen to $67.22 and $65.40, respectively, earlier in the session. "The supply picture definitely looks to be [Read more]
Alberta natural gas expected to see a bump next year thanks to LNG exports: Deloitte
CALGARY - A new report from advisory firm Deloitte is forecasting a big jump in Alberta natural gas prices next year, with the country's first West Coast export facility now up and running. The Alberta benchmark AECO price is expected to average $2.20 per mmBTU in the second half of this year and then rise to an average of $3.50 per mmBTU in 2026. It averaged $1.36 per mmBTU last year. By the end of the forecast in 2032, the average AECO price is expected to hit $4 per mmBTU. Alberta [Read more]
Chevron preps quick closing of Hess deal and awaits result of Exxon dispute
Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess, according to two sources and an industry analyst, including by preparing a severance program for some Hess workers. The preparations come as both companies await a decision in a legal challenge from larger rival Exxon Mobil that will make or break the $53 billion deal. Completing the Hess acquisition is key to Chevron CEO Mike Wirth's strategy. Chevron would gain Hess' 30% interest in the [Read more]
Spartan Delta Corp. announces operations update
CALGARY, AB, July 7, 2025 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to provide an operations update on its first half of 2025. OPERATIONS UPDATE Spartan continues to execute on its corporate strategy by significantly growing corporate liquids production as it develops its West Shale Basin Duvernay (the "Duvernay") asset, while generating Free Funds Flow from its liquid-rich natural gas asset in the Deep Basin. In the first half of 2025 the Company ran a [Read more]
Petronas ships its first LNG cargo to Japan from its new facility in Canada
Malaysia's state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas (LNG) cargo to Japan from its newly operational LNG facility in Kitimat, Canada. Petronas has a 25% stake in the Kitimat LNG plant in British Columbia on Canada's west coast. The shipment departed for Japan aboard the 174,000-cubic metre Puteri Sejinjang LNG vessel, but the company didn't specify how much LNG it was delivering. (Reporting by Ashley Tang; Editing by David [Read more]
US Gulf Coast fuel oil imports at record low as refiners opt for heavier crude
Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude. When refineries run a heavier, sourer crude slate, they produce more heavy residue, which is either processed in a secondary unit to produce higher value products like gasoline or diesel. Gulf Coast-bound fuel oil imports hit a record low at 213,000 barrels per day in June, down from 233,000 bpd on the month, according to ship [Read more]
OPEC+ set to complete big oil output cut unwinding in Sept, sources say
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota, five sources said. The group, which pumps about half of the world's oil, has been curtailing production for several years to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the group pump more to help keep [Read more]
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