Canada's South Bow and U.S.-based Bridger Pipeline plan to jointly develop a new oil pipeline from Guernsey, Wyoming, to Cushing, Oklahoma, the companies told Reuters on Tuesday. The project will be developed along a corridor acquired from another company, South Bow and Bridger said in an email. The companies said their priority was to engage landowners and communities along the proposed route. The pipeline would be the third leg of a bigger project to move oil from Alberta to the Cushing [Read more]
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Lotus Creek Exploration Inc. Announces May Operational Update to Shareholders
Calgary, Alberta--(Newsfile Corp. - June 30, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the May Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: May Operational Update FOR FURTHER INFORMATION ABOUT LOTUS CREEK PLEASE CONTACT: Kevin Johnson President & CEO 403-538-8435 Email: info@lotuscreek.ca Website: www.lotuscreek.ca Mitchell [Read more]
$87B Quebec plan aims for 77% of energy consumed in province by 2050 from renewables
VARENNES, QUÉBEC - The Quebec government says it wants 77 per cent of the energy consumed in the province by 2050 to come from renewables, up from the current 48 per cent. Energy Minister Bernard Drainville made the comments as he announced the province's 25-year resource management plan in Varennes, Que., northeast of Montreal. Describing the goal as ambitious, Drainville says by 2050 Quebec's share of energy from fossil fuels will drop to 23 per cent from 52 per cent. Getting there [Read more]
US energy chief exhorts data center backers to push back against opponents
U.S. Energy Secretary Chris Wright on Tuesday urged supporters of data centers at an Amazon Web Services conference to push back against critics, saying concerns about the facilities are "overblown." Wright listed concerns that opponents have raised about the boom in the facilities including water and power use and that the artificial intelligence they support will take away jobs and harm communities. "These are the things that everyone is saying and right now in the polls, they are [Read more]
Highwood Asset Management Ltd. announces sale of Wilson Creek assets
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, June 30, 2026 /CNW/ - Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce that we have closed our previously announced arm's length divestiture of our Wilson Creek assets (the "Assets") to Obsidian Energy Ltd. ("Obsidian Energy") (TSX: OBE) (the "Transaction"). Total consideration received from Obsidian Energy was up to $112 million: $105 million in cash, [Read more]
US oil production rises to record high in April, EIA says
U.S. crude oil production rose to 13.93 million barrels per day in April, the highest on record, monthly data from the Energy Information Administration showed on Tuesday, as producers ramped up output in response to higher oil prices owing to the Iran war. Production rose by 216,000 bpd in April, EIA data showed, with production in New Mexico touching a record high of 2.37 million bpd. Crude production in Texas edged 36,000 bpd higher to 5.83 million bpd, the highest since November. Texas [Read more]
Alberta poised to make West Coast pipeline announcement later this week
CALGARY - The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline later this week. Sam Blackett, press secretary to Premier Danielle Smith, says there will be a "major announcement" on Thursday to share new details about the province's submission to the federal major projects office. The major projects office was established a year ago to speed along infrastructure deemed in Canada's national interest. Alberta is acting as a proponent [Read more]
Oil set for steepest quarterly loss since 2020 as traders focus on US-Iran talks
Oil prices were heading on Tuesday for their biggest quarterly loss since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were up 0.21%, or 15 cents, at $73.30 a barrel at 1302 GMT. However, the contract was on track for a third straight monthly decline, down about 20% so far in June. The more actively traded September contract [Read more]
US natgas advances 3% on rising LNG flows, record heat
U.S. natural gas futures climbed about 3% on Tuesday on rising flows to liquefied natural gas (LNG) export plants and forecasts for record power demand in some parts of the country as homes and businesses crank up air conditioners to escape a brutal heat wave. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 10.2 cents, or 3.2%, to $3.283 per million British thermal units. For the month, the front-month was down less than 1% in June after soaring about [Read more]
Iran war and AI boom drive wild ride on global markets
Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly. Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 trillion drop in March, when oil shot to $120 a barrel and hopes of lower interest rates were dashed. South Korea's stock market has surged by 100% and Elon Musk's $2 trillion SpaceX has blasted off, but the [Read more]
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