The ongoing conflict in the Middle East involving Iran has drastically altered prices and the outlook for crude oil and natural gas, say Canadian analysts. While producers in Western Canada may benefit from higher commodity prices, they are unlikely to meaningfully increase supply in the near term.
Trans Mountain Corporation launched a binding open season to obtain incremental contracts for firm transportation service on its pipeline system.
The federal government and Alberta announced today an agreement-in-principle to lower emissions of methane in the oil and gas sector.
Future regulations governing how hydrogen can be added to Alberta’s natural gas system should start with a five per cent threshold and offer clarity around costs, says an industry leader.
The total enterprise value of merger and acquisition (M&A) activity in the Canadian oil and natural gas industry in 2025 increased 55 per cent to $31.5 billion from $20.4 billion in 2024.
Alberta may hold the world’s third-largest lithium reserves and is advancing new incentives and regulatory changes to support production, the province says.