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Canadian News
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Nova Scotia to Become an ‘Energy-Exporting Region’ With New Offshore Wind Farms
Sable Island’s natural gas platforms were dismantled years ago, but the North Atlantic’s shallow shelf could one day produce energy: renewable energy from offshore wind turbines. This week, promoters in Halifax claimed that Nova Scotia is the ideal location for offshore wind due to shallow seabed areas that can support offshore turbines and, of course, […] More
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First Instream Tidal Energy in Atlantic Canada to Release in Early 2022
After completing construction of its Grand Passage substation, Sustainable Marine will demonstrate that Nova Scotia’s world-famous tidal streams can produce vast amounts of clean and predictable energy. “We are on target to connect the platform to the substation in the first quarter of next year,” said company CEO Jason Hayman during the annual Marine Renewables […] More
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Enbridge Gas Raises Over $1.18 Million for United Way
Enbridge Gas employees and retirees raised over $1,187,788 for United Ways across our service area in 2021, thanks to the company’s matching donation program. “This year’s strong campaign results reflect our people’s unwavering spirit of giving back to our communities,” said Jim Sanders, Senior Vice President of Operations for Enbridge Gas, and executive sponsor of the […] More
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Canada Gas Prices May Be Affected By Biden’s Oil Release
An expert in Canada says that despite President Joe Biden’s announcement on Tuesday that he had authorized the release of oil reserves, rising gas prices will not be slowed down by the move and may even be pushed higher. Approximately 50 million barrels of oil will be released from the Strategic Petroleum Reserve (SPR) by […] More
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TC Energy Wants $15B From the U.S. for Cancelling Keystone XL Pipeline
For the $15 billion that TC Energy Inc. spent trying to develop the Keystone XL pipeline, it has filed a formal arbitration request under NAFTA regulations. Late Monday, the company announced that it had officially filed paperwork under NAFTA rules that allow for compensation for lost investment. Because it is a legacy case, and NAFTA […] More
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25% Increase of Oil and Gas Drilling Expected for 2022
The industry expects 6,457 new wells to be drilled in 2022.
There will be a rise in the number of wells drilled in Canada in 2022 according to a report from an oil industry group. The Canadian Association of Energy Contractors estimates that 6,457 wells will be drilled in 2022, an increase of 1,363 or more than 25% from the number of wells drilled in 2021. […] More
Finance
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CANADA STOCKS-TSX Heading to Its Worst Session in 10 Months After Energy Stocks Fall
As the threat of a vaccine-resistant coronavirus variation dragged oil prices down, Canada’s main stock index was on track for its largest fall since late January, with energy stocks dragging it down by 6%. At 9:44 a.m. ET (14:44 GMT), the S&P/TSX composite index for the Toronto Stock Exchange, The GSPTSE was down 365.66 points, or […] More
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