A technology that uses pressurized gas to produce clean hydrogen and solid carbon is one of the recipients of new funding from the Canadian federal government.

Alberta Innovates has received $10 million from the Regional Innovation Ecosystems (RIE) program administered by Prairies Economic Development Canada (PrairiesCan).

The federal government announced funding of more than $21.9 million for 13 projects to bolster Alberta's clean technology sector through the commercialization and adoption of new applications that offer environmental benefits across a wide range of industries.

“It's been a wild one. The last 18 months, frankly, have been pretty wild.”

Shares of Aecon Group Inc. were down more than 15 per cent as of mid-afternoon Tuesday in the wake of news that the infrastructure company has reached a settlement in its ongoing dispute with Coastal GasLink.

The Middle East is beginning to rival the U.S. in its volumes of gas production, with implications for resource allocation within the competitive global upstream sector.

Prospera Energy Inc.’s 2024 development drilling program is starting in mid-July.

Highwood Asset Management Ltd. has started its 2H 2024 drilling program, spudding the 100/03-11-048-14W5 well on June 25.

Cathedral Energy Services Ltd. has completed its name change to ACT Energy Technologies Ltd.

FortisBC Holdings Inc. reported that the Tilbury Jetty Limited Partnership's Tilbury Marine Jetty (TMJ) project has been approved by the federal government.