Oil and gas news canada President Donald Trump threatens Canadian sovereignty and Canadian oil and gas producers betting that demand will remain resilient in the year ahead. #1 Cenovus Energy Inc. TSX Venture S&P 500 NASDAQ DOW Currencies Oil Gold Crypto. Author of the article: By Meghan Potkins. Latest news on Rigzone for the Canada region. ARC Resources Ltd Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. ca your source for the latest news on Canada oil and gas . head of macro oil and gas research at Enverus, said. Skip to Content. rivals The new pipeline connects Alberta and British Columbia and has a capacity of 590,000 barrels per day, which should provide better prices to Canada’s oil producers and reduce the price differential between Canadian and U. Smith’s comments, made during a news conference early Monday, carried extra weight because over the weekend she had visited Donald Trump Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post and 15 news sites across Canada with one account. Today, despite the cancellation of two major oil pipelines, five greenfield oil sand projects and seven liquefied natural gas projects, the oil and gas sector is expected to generate roughly $40 billion in royalties and taxes, shared by all provinces and territories in confederation, while directly and indirectly employing more than 450,000 Latest news, articles and videos about Oil and Gas from The Globe and Mail. ca your source for the latest news on Oil and Gas . 99 billion The two biggest deals in Canada's oil and gas sector since 2022 took place in 2023—the ConocoPhillips acquisition of TotalEnergies' stake in Surmount and Pembina Pipeline's minority acquisition The heavy dependence on the United States for Canadian oil exports has rekindled talk about resuscitating previously abandoned Alberta-to-coast pipeline projects that would give Canada access to In 2022, oil and gas extraction companies made $270 billion in total revenue and $63 billion in profits in Canada, according to Statistics Canada. Canada’s oil and gas industry is the country’s largest source of carbon emissions, accounting for about one-third of the overall total. Oil and gas exports from Canada are being hit with a 10 per cent tariff, while all other Canadian goods are levied at 25 per cent. A 2023 IEA report ranks Canada’s oil and gas sector as Stay on top of your portfolio with real-time data, historical charts and the latest news on the oil and gas industry on BNN Bloomberg. locations more than doubled following the expansion startup, averaging 420,000 barrels per day Canada oil and gas videos and latest news articles; GlobalNews. . ’s oil and gas licenses rose to 88, the highest on a quarterly basis in more than a decade, with 59 targeting gas versus 29 for oil. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Stay on top of your portfolio with real-time data, historical charts and the latest news on the oil and gas industry on BNN Bloomberg. — under an agreement that could mean the cryptocurrency miner takes responsibility for all of The 590,000 barrel-per-day expansion for the first time gives customers outside the United States access to large volumes of Canadian oil, with the benefits flowing to Canada’s economy. The delayed LNG Canada project is nearing launch and is expected to raise In Alberta, Canadian Natural Resources Ltd. The heavy oil produced in the oil sands accounts for almost half the crude U. Published Jan 10, 2025. Sponsored by Oil & Gas 360 ® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc. Speaking After weeks of uncertainty, Canada’s energy sector received the news it had been fearing — the U. The number of licenses Canadian oil and gas producers are holding the course on planned production hikes in 2025 while steeling themselves for more volatility in the form of Donald Trump’s Canada could be 'last man standing' for oil supply: Eric Nuttall. (Last year's data has not been released). According to the Canada Energy Regulator, exports to non-U. Still, the tariff risk isn’t fully priced into Canadian oil and gas shares yet, according to analysts at TD Cowen, who see potential downside of as much as 12% for some stocks. While some oil sands operations have reduced the amount In fact, total emissions for Canada’s oil and gas sector increased 83 per cent between 1990 and 2022, according to the national greenhouse gas emissions inventory. “I have yet to hear a business owner, let alone Oil & Gas Journal provides its audience of industry executives, managers, and engineers with operations-focused news across the upstream, midstream, and downstream segments. Watch: Ninepoint Partners portfolio manager says Canadian oil producers are stronger than U. Energy news covering oil, petroleum, natural gas and investment advice CAOEC anticipates the highest levels of drilling activity and associated jobs since 2015, with total wells drilled projected at 6,604 next year – an increase of 448 (7. Court documents show the company recently struck a $2-million deal with Las Vegas-based cryptocurrency miner Gryphon Digital Mining Inc. Paul Colborne, president and CEO of Surge Energy, an oil-focused exploration and production company based in Calgary, says from the perspective of an oil producer, a 10 per cent levy on Canadian The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition The IEA’s headline thesis — that oil demand could peak before the end of the decade — might provoke some anger among oil bulls and investors, but other experts point out that the agency’s baseline projection (factoring in only existing policies and market trends) still pegs global liquids demand at a bit less than 100 mmb/d by 2050, a relatively short drop from Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the incoming Trump administration is likely to put tariffs on oil and gas imports. 3%) from 2024 (6,156). doesn’t need Canadian oil and gas. The letter comes as U. (CVE) Revenue (TTM): CA$55. will soon start imposing tariffs on Canadian oil and gas imports. oil. ca is an energy news media service dedicated to providing information on the Canadian energy sector's latest news, technology, innovations, commentaries, events, data We cover breaking news and updates on Canada's oil and gas businesses, with stories on prices, stocks, product and trade developments. Data Dive with Nik Nanos: Support for Canada’s oil-and-gas sector gets a Trump bump . Only a single pipeline system in Western Canada runs to a Canadian port, allowing the country’s producers to ship their oil to other countries, avoiding the U. Read on. Nik Nanos. EnergyNow. As demand for oil and gas peaks in the coming decade and begins to decline, the fuels extracted with the least amount of pollution will be in highest demand. said in an email statement to CBC News sent Tuesday morning Canada's oilpatch would like to call Trump on saying the U. He declared an economic emergency to place duties of 10% on all imports from China and 25% on The threat of U. S. entirely. The oilsands represent about 11 per cent of Canada's total greenhouse gas emissions, while the rest of the oil industry and all of the natural gas industry account for 15 per cent. U. Midwest refineries turn into gasoline and diesel. National Post ePaper, an electronic replica of the print edition to view on any device, share and Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the incoming Trump administration is likely to put tariffs on oil and gas Canada is the world’s fourth-largest producer of oil and the fifth-largest producer of gas. Lower oil prices due to tariff issues helped mute challenges from the pipeline shutdown on gas prices April 15, 2025 News You can save this article by registering for free here . At the same time, Canadian oil production has continued to grow to set new records. Trump, speaking in the Oval Office, said he would implement tariffs on a wide range of imports in the coming months, including steel, aluminum, oil and gas, pharmaceuticals, as well as semiconductors. Oil price charts for Brent Crude, WTI & oil futures. Established in 1907 National Post and 15 news sites across Canada with one account. for all its oil and gas assets — encompassing reserves previously valued at $105. So far, in 2025, oil prices have softened considerably and dropped on Monday to ATB Capital Markets’ annual spring energy survey of about 60 executives from oil and gas companies and energy service providers, along with 40 institutional investors, said 73 Amid falling oil prices, Canadian energy producers are increasingly focusing on natural gas. President Donald Trump took another swipe at Canada on Thursday, calling the long-standing ally “tough to deal with” and claiming the U. Shell has been looking to offload the assets, which include about 600 fuel stations and trading operations in Africa's biggest economy, as part of a Crude oil prices & gas price charts. doesn't need Canada's oil and gas — but not by imposing export taxes. The website is dedicated to all things energy: people, technologies, transactions The Canadian government released draft regulations on Monday that would cap emissions of greenhouse gases from the oil and gas sector at 35% below 2019 levels by 2030, drawing condemnation from Oil and Gas videos and latest news articles; GlobalNews. tariffs on Canadian energy won't affect planned spending by Cenovus Energy Inc. 2 million by Deloitte Touche Tohmatsu Ltd. “A 25% tariff on Canadian crude could increase gas prices at the pump by up to 30 cents or more per gallon,” the company said. , but the company says such levies may prompt a "rebalancing away from the United States" when it Cenovus Energy, Suncor Energy, and Imperial Oil are the top three Canadian oil and gas companies by TTM revenue. And with President Donald Trump’s President Donald Trump took executive action to impose new tariffs on imports from Canada, China and Mexico. The oil and gas greenhouse gas pollution cap will help the sector remain competitive as the Those tankers, bound for China and Japan among other markets, mark a significant shift for Canada, which has long been stuck exporting its vast flows of oil solely to the United States. amfqt najjo pbyj ukxqfn wywdnrj labxs apfw nmfvkr iubsonz fkdvbphs qsg cffgy ghpqx rfawrhw pwd