Tuesday, May 27, 2025
Canadian opposition, oil CEOs call for scrapping federal carbon price system- oil and gas 360

Canadian opposition, oil CEOs call for scrapping federal carbon price system

(Investing) – CALGARY – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of a high-profile carbon capture

Canada's Energy Minister threatens the U.S. with oil export cuts- oil ad gas 360

Canada’s Energy Minister threatens the U.S. with oil export cuts

(Oil Price) – Canada’s energy minister has threatened Washington with curbing exports of crude oil in response to the Trump administration’s import tariffs on Canadian goods. Jonathan Wilkinson also suggested export tariffs were among the retaliatory options being considered. “When we are talking about non-tariff retaliation, it could be about restricting supply, it could be putting our own export duties on

Key US energy data trends to track as tariffs kick in: Maguire- oil and gas 360

Key US energy data trends to track as tariffs kick in: Maguire

(BOE Report) – Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of new steep tariffs on the United States’ largest trade partners, which kicked in on Tuesday. New 25% tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods to 20%, took effect on March

Trade wars begin as U.S. tariffs on Canada and Mexico come into effect- oil and gas 360

Trade wars begin as U.S. tariffs on Canada and Mexico come into effect

(Oil Price) – The global trade wars intensified on Tuesday as the U.S. tariffs on Canada and Mexico took effect and China was slapped an additional 10% levy, prompting retaliatory tariffs and sending equity markets and oil prices lower. Oil prices were down by 1% in Asian trading early on Tuesday, as markets fear economic slowdown from the tariffs and

Canada’s Enbridge earmarks $2 billion till 2028 for Mainline network upgrade- oil and gas 360

Canada’s Enbridge earmarks $2 billion till 2028 for Mainline network upgrade

(BOE Report) – Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 billion in its liquids and natural gas systems, with $2 billion allocated to its Mainline network through 2028. The Mainline is North America’s largest crude oil pipeline network and transports light and heavy crude oil, natural gas liquids and refined products from Edmonton, Alberta, to various

Trump’s tariffs threat hits Canada’s oil and gas drillers- oil and gas 360

Trump’s tariffs threat hits Canada’s oil and gas drillers

(Investing) – CALGARY – Canada’s oilfield drilling and services sector is already showing signs of slowing due to U.S. President Donald Trump’s threatened tariffs, triggering fears that an expected industry rebound could stall if such levies go forward. Employment levels in the Canadian drilling sector collapsed between 2014 and 2020 due to sustained low oil prices and reduced production during the

Prospera Energy Inc. announces leadership changes- oil and gas 360

Prospera Energy Inc. announces leadership changes

(Oil & Gas 360) – CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSXV: PEI, OTC: GXRFF) (“Prospera,” “PEI,” or the “Corporation”) announces that the company’s Chief Executive Officer, Samuel David, is no longer employed with the company, effective immediately. Mr. David resigned from the Board of Directors, effective November 18, 2024. The Board, consisting of Brian McConnell,

Japan may see LNG demand up if renewables are slow; Canada there to deliver, officials say

(BOE Report) – Japan’s demand for liquefied natural gas (LNG) may grow by more than 10% to some 74 million metric tons by 2040 under a government scenario where the renewable energy rollout goes slower than expected, a senior industry ministry official said. Japan’s domestic LNG demand continued to fall last year, dropping by 0.4% to 66 million tons due

Oil prices ease as US tariffs on Mexico paused for a month- oil and gas 360

Oil prices ease as US tariffs on Mexico paused for a month

(Investing) – HOUSTON -Oil prices edged lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the U.S. had slapped on its southern neighbour. U.S. President Donald Trump had imposed tariffs on Canada, Mexico and China to take effect from Tuesday, raising fears of supply disruption. Brent

Trade dispute could force U.S. to buy Venezuelan oil, Canada says- oil and gas 360

Trade dispute could force U.S. to buy Venezuelan oil, Canada says

(Oil Price) – President Trump’s threat of tariffs on Canadian imports could leave the United States reliant on crude oil from Venezuela, with which the U.S. doesn’t want to work, Canadian Foreign Minister Melanie Joly told the Financial Times. Joly is visiting this week Washington, D.C. for her first official meeting with U.S. Secretary of State Marco Rubio and other U.S. government leaders. The

Oil set for weekly decline as Trump tariff threat looms large- oil and gas 360

Oil set for weekly decline as Trump tariff threat looms large

(Investing) – LONDON -Oil prices were steady on Friday but on course for weekly declines as markets waited to see if U.S. President Donald Trump will follow through on his threat to impose tariffs on Mexico and Canada on Saturday. Brent crude futures for March, which expire on Friday, were down 9 cents at $76.78 a barrel by 1420 GMT. U.S. West

Canada drafts a $105 billion response to Trump tariffs- oil and gas 360

Canada drafts a $105 billion response to Trump tariffs

(Oil Price) – Canada has drafted a list of U.S. goods worth billions of dollars that it could tax with tariffs if incoming President Donald Trump moves to impose tariffs on imports from Canada, a Canadian official with knowledge of the plans has told Bloomberg. An initial list of U.S.-manufactured items potentially subject to Canadian tariffs in case the U.S. hits first