Weekly Energy Newsletter
News Items Ending March 30, 2026
Whitehorn Masters Golf Pool:
We are excited to invite you to join our Whitehorn Masters Pool! No entrance fee, just bragging rights and prizes for the top two + last placed finishers.
To enter, click on link below. Please ensure your team name is clean and recognizable so we know who to crown, and make sure your picks are in by the April 9th deadline at 10am MT.
Middle East Update:
The U.S. extends a pause on military strikes against Iranian power plants and energy infrastructure by an additional 10 days to April 6th as negotiations continue.
Mergers & Acquisitions:
Tenaris announced the acquisition of Red Deer based AllTorque’s oilfield division, an original equipment manufacturer of tubular running technology. The acquisition combines AllTorque’s hardware and software capabilities with Tenaris’ expertise in tubular technologies to further enhance the latter’s offerings.
Edmonton based Inline Group Inc. announced the acquisition of Edmonton based Challenger Geomatics Ltd., a land survey, geomatics and geospatial firm. The acquisition broadens Challenger’s service offering with integrated geotechnical and materials testing expertise, as well as widen Inline’s geomatics capabilities.
Financing:
The federal government is investing $28.2MM in clean energy technology projects. The funding is through Natural Resources Canada’s Energy Innovation Program (EIP). $16.9MM will be allocated to five carbon capture utilization and storage research, development and demonstration projects, $9.2MM toward three renewable energy projects, and $2.8MM to four smart grid regulatory innovation and capacity-building projects.
Other:
The Alberta government is seeking to pass legislation that if passed, will set a 120-day approval timeline for major projects.
Project update: The Woodfibre LNG project in Squamish, BC is now 65% completed as per its CEO. Construction is due to be completed in 2027.
The federal government and the Alberta government reached an agreement in principle, providing Alberta primary authority to regulate methane emissions. This agreement would eliminate federal-provincial duplication of methane emissions regulations.
