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White House oil meeting on Venezuela includes independents, and strong links to Denver

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The White House is summoning oil executives to discuss potential investment in Venezuela on Friday, and while a preliminary list of attendees features the big names of American oil - Chevron, Exxon Mobil and ConocoPhillips - it also includes several smaller independents and private equity-backed players. Only the largest U.S. oil producers have the scale and capacity to operate in Venezuela and have experience doing so, said an oil industry source. The inclusion of smaller domestic companies [Read more]

Shell Canada Production Jumps in November as LNG Canada Ramp Up Ongoing – StackDX Intel

In recent months, Shell Canada has seen increased production volumes, reflecting both upstream activity and the early contributions of the new LNG Canada export facility. In November, Shell Canada’s gross licensed production exceeded 135,000 boe/d — a ~35 % increase over September volumes, underscoring a notable step up in output as market conditions and export infrastructure improve. Of course this is a gross figure, and wouldn't account for any JV deals (ex. Shell/PetroChina JV at Groundbirch) [Read more]

US oil firms juggle Venezuela opportunity, investor concern ahead of White House summit

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U.S. oil executives being summoned to the White House on Friday to discuss potential investment plans in Venezuela will be carefully weighing the country's business potential and enthusiasm from President Donald Trump with a more cautious sentiment being expressed by some of their investors. Secretary of Energy Chris Wright, speaking at a Goldman Sachs energy conference in Miami this week, repeated a claim from Trump that U.S. oil firms were prepared to spend billions of dollars to rebuild the [Read more]

White House gathers oil majors, traders, drillers on Venezuela

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The White House is convening a meeting on Friday with major U.S. and international oil companies to discuss potential investment in Venezuela’s energy sector, as the administration weighs ways to revive crude output in the sanctions-hit country, according to a White House official. The companies include producers, refiners, traders and oilfield services firms with past or potential exposure to Venezuela. Also attending are Secretary of State Marco Rubio, Energy Secretary Chris Wright and [Read more]

The past and potential of Venezuela’s oil sector, and what it means for Canada

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CALGARY - U.S. President Donald Trump's ambition to have U.S. energy companies swoop in and revive Venezuela's beleaguered oil industry has raised questions about what it means for Canadian oilsands producers and whether it's a task American supermajors can or even want to take on. Here is a rundown of the past and potential of Venezuela's energy sector: There's a gargantuan amount of oil in the ground. The U.S. Energy Information Administration says that as of 2023, Venezuela had 303 [Read more]

Oil prices gain on concerns about supply disruptions in Venezuela, Iran

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Oil prices rose for a second day on Friday, set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there. Brent futures rose 40 cents, or 0.7%, to $62.39 per barrel at 0400 GMT, while U.S. West Texas Intermediate (WTI) crude gained 35 cents, or 0.6%, to $58.11. Both benchmark prices climbed more than 3% on Thursday, following two straight days of declines, and Brent is set to climb 2.7% for the week, [Read more]

Frenetic 2026 military posturing sets tone for dangerous new era: Peter Apps

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As he doubled down on suggestions the Trump administration might look to seize control of Greenland from Denmark in an interview on CNN on Monday, White House deputy chief of staff Stephen Miller made it clear he believed that in any contest of diplomatic will or military might, the U.S. would prevail. “We live in a world...that is governed by force, that is governed by power,” Miller said, making it explicit that America was too powerful and Europe too weak to resist what the U.S. might [Read more]

Chevron, Vitol, Trafigura vie to control Venezuelan oil exports, sources say

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Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter. The competition reflects a desire by many in the oil industry to access the South American country's crude stocks and production, with U.S. officials seeking to control Venezuelan oil sales indefinitely. U.S. President Donald Trump has demanded that Venezuela give the United States full [Read more]

Enbridge Inc. to Host Webcast to Discuss 2025 Fourth Quarter Results on February 13

  CALGARY, AB, Jan. 8, 2026 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast on February 13, 2026, at 7 a.m. MT (9 a.m. ET) to provide a business update and review 2025 fourth quarter results. The conference call format will include prepared remarks from the executive team, followed by a question-and-answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available [Read more]