Canada’s energy exports to the United States surged in the latter part of 2024, helping the country record its biggest surplus with its main trading partner since 2022.
Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention remained on tariffs threatened by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude to the United States.
Despite Canada’s vast geothermal potential, the resource has remained largely untapped due to economic and technical challenges tied to conventional extraction methods.
While transitioning to a fully renewable economy is essential for addressing climate change, Canadians can’t overlook the critical role oil and gas play in supporting renewable technologies.
Alberta Premier Danielle Smith is no shrinking violet when it comes to disagreements with the Canadian government over energy policy.
Canada is expected to continue growing as an oil power in the coming years as the Alberta government signs new expansion deals, a new tanker terminal is opened in Vancouver, and Prime Minister Justin Trudeau resigns.
Enverus Intelligence® Research (EIR), a subsidiary of Enverus, has released its annual Montney and Duvernay Play Fundamentals that examines recent drilling trends, well inventory counts and associated economics within both Canadian plays.
President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social, Trump said […]
Overseas, CNOOC Ltd.’s production in the first three quarters of 2024 increased 12.2 percent year-over-year to 172.9 MMboe, driven by the Payara oilfield in Guyana’s Stabroek block.
A highly touted exploration well in Newfoundland’s offshore that had garnered international attention did not produce the results that energy giants ExxonMobil Canada and Qatar Energy had hoped.