Investment extends Devon’s integrated Delaware Basin model – capturing value from the wellhead to the demand center HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced a positive Final Investment Decision (“FID”) on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, TX. Solitude is the latest in a deliberate series of steps Devon has taken to [Read more]
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US banks lending commitments signal confidence in AI capex cycle sustainability, KBW says
** KBW says last week's major capital commitments from U.S. big banks linked to domestic infrastructure and AI build out signal confidence in the sustainability of the capex cycle ** Bank of America pledged $250 billion for US infrastructure financing and Morgan Stanley launched a $1.5 trillion infrastructure initiative ** Elsewhere, Nvidia partnered with Wall Street giants including Goldman Sachs to establish AI infrastructure financing platforms to mobilize over $500 billion ** "We [Read more]
Solitude Pipeline System reaches final investment decision to transport gas from the Permian Basin to the Gulf Coast
AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN), MPLX LP (NYSE: MPLX), Diamondback Energy, Inc. (NASDAQ: FANG) and Western Midstream Partners, LP (NYSE: WES), through their Solitude Pipeline System joint venture ("Solitude"), have reached a positive Final Investment Decision ("FID") to construct two 48-inch natural gas pipelines, each running from the Permian Basin to Katy, TX. The project has secured substantial [Read more]
Oil shock’s bigger problem is at the refinery
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen LONDON, Aug 17 (Reuters Breakingviews) - The oil crisis is becoming a tale of two barrels. Brent crude, at around $88 a barrel, is nearly a third below the $126 it touched at the height of the Iran war. Any peace deal, or a reopening of the Strait of Hormuz, could send it lower still. But prices for the fuels made from it have fallen much less. That leaves consumers with higher costs and [Read more]
Surge Energy Inc. confirms September 2026 dividend
CALGARY, AB, Aug. 17, 2026 /CNW/ -- Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2026, in respect of August 2026 production, for the shareholders of record on August 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash [Read more]
International Petroleum Corporation Announces Results of Normal Course Issuer Bid
TORONTO, Aug. 17, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 205,334 IPC common shares (ISIN: CA46016U1084) during the period of August 10 to 14, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2025, is being implemented in accordance with the Market Abuse Regulation (EU) No [Read more]
China surprises oil markets again with a return to stockpiling in July: Russell
China managed to add a small volume of crude oil to inventories in July, as weak refinery processing outweighed a sharp drop in imports. China's surplus crude for July amounted to 210,000 barrels per day (bpd) and came after the world's biggest oil importer drew on stockpiles in both May and June amid supply constraints caused by the Iran conflict. The return to a surplus in China's crude availability in July comes as a surprise given the huge decline in imports, with seaborne arrivals of [Read more]
Oil treads water as US-Iran peace talks stall, Hormuz shipping slows
Oil prices barely moved in early trade on Monday as tanker traffic through the Strait of Hormuz slowed over the weekend with no peace deal in sight between the United States and Iran to end the conflict in the Middle East. Brent crude futures climbed 20 cents, or 0.2%, to $88.72 by 2350 GMT, while U.S. West Texas Intermediate crude futures slipped 5 cents to $82.35 a barrel. Both contracts gained more than 5% last week following attacks on tankers operated by Abu Dhabi National Oil Company [Read more]
Shipping slows through Strait of Hormuz after tanker attacks, data shows
Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled. Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend. Ships entering the strait on Saturday included an empty Very Large Crude Carrier with its Automatic Identification System switched off and an Indian-flagged [Read more]
Conservatives call for extension of temporary gas price relief until next summer
OTTAWA - Conservative Leader Pierre Poilievre says the federal government should give Canadians at least another 10 months of relief at the pumps. The Liberals suspended the federal fuel excise tax in April in response to the U.S.-Israeli war in Iran and rising prices. At the time, Prime Minister Mark Carney said the measure would stay in place until Labour Day. The government says the move brings gas prices down by 10 cents a litre, and diesel by four cents a [Read more]
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