The Alberta government’s Bill 8, the Utilities Statutes Amendment Act, 2025, encourages data centres to bring their own generation for power needs and enhanced grid reliability — the “right policy” for artificial intelligence, says Ryan Li, a professor in the University of Alberta’s department of electrical and computer engineering.
The dean of the Northern Alberta Institute of Technology’s (NAIT) School of Energy and Natural Resources has conducted a study on job creation trends for AI data centres that suggests greater preparation for the expected boom is needed.
Governments across Canada issued 582 new well licences in April, an increase of 43 per cent from 406 a year ago, with producers boosting the permitting of oil wells in Saskatchewan and Alberta.
Trican Well Service Ltd. says broad-based inflation tied to oil prices weighed on its first-quarter 2026 margins, even as adjusted EBITDA increased year-over-year.
Trican Well Service Ltd. says longer Montney and Duvernay wells are driving higher sand volumes and longer pumping times, trends the company expects will tighten Canada’s pressure pumping market.
Top Canadian oil producers added 2.4 billion boe in proved reserves in 2025 through drilling extensions and discoveries. This growth reflects successful capital spending by 39 producers, led by Tourmaline, Suncor and Cenovus.
World oil demand is forecast to contract by 420,000 bbls/d in 2026, to 104 million bbls/d, 1.3 million bbls/d less than its pre-war forecast, says the International Energy Agency (IEA).
Peyto Exploration & Development Corp. delivered record volumes of 147,513 boe/d in the first quarter of 2026, up 10 per cent year over year.
Paramount Resources Ltd. says it has increased the plateau production target for its Willesden Green Duvernay asset by 40 per cent.
Logan Energy Corp. executed an active capital program during the quarter, progressing its organic growth initiatives and core infrastructure projects.
Calfrac Well Services Ltd. generated revenue of $305.4 million versus $370.1 million in the first quarter in 2025 primarily reflecting the normalization of spot pricing in Argentina to more customary market ranges following the exceptionally strong pricing realized in the prior-year quarter, combined with lower North American activity.