The Houthi capture of ground overlooking the Bab el-Mandeb Strait has dealt Saudi Arabia its gravest setback in Yemen in years, exposing intelligence failures, the collapse of Yemeni allies and the limits of U.S. protection. A Houthi advance this week along the Red Sea coast and the capture of islands at the mouth of the strait, a vital artery for global oil supplies, has also left the kingdom scrambling for backing as Iran and its allies expand their reach. Senior Western, regional and [Read more]
News
US oil and gas producer to unveil Venezuela investment, energy secretary says
A U.S. oil and gas producer will announce a major investment into Venezuela on Wednesday, U.S. Energy Secretary Chris Wright told Fox News. Foreign oil producers are migrating joint ventures and production sharing contracts in Venezuela as part of a sweeping energy reform, while new entrants - mostly U.S.-based firms - are committing to development projects in the OPEC country encouraged by a Washington-supported $100 billion reconstruction plan for the industry. Oklahoma City-based [Read more]
Equinor plans LNG expansion in early 2030s to meet European and Asian demand
Equinor aims to expand its liquefied natural gas supply portfolio to between 10 million and 15 million metric tons per year (tpy) early in the next decade to meet demand from Europe and Asia, senior executives said on Thursday. The Norwegian producer is expected to announce a second deal to supply LNG to an Asian customer this week, Ingvar Egeland, Equinor's vice president for LNG, told Reuters. Equinor committed to a 15-year LNG supply deal with India's Deepak Fertilizers and [Read more]
New Federal Tax Changes Could Boost Canadian Energy Investment
The federal government announced major new tax incentives Monday aimed at encouraging companies to invest more money in Canada, with potentially significant benefits for the oil and gas and LNG sectors. The new Productivity Mega Deduction will allow businesses to immediately write off a much larger share of new investment rather than deducting those costs gradually over many years. For oil and gas producers, one of the biggest changes is the immediate expensing of Canadian development [Read more]
Gibson Energy Announces Renewal of Normal Course Issuer Bid
All financial figures are in Canadian dollars. CALGARY, Alberta, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the renewal of its Normal Course Issuer Bid (“NCIB”). The Toronto Stock Exchange (the “TSX”) has accepted Gibson’s notice of intention to commence its NCIB for an additional one-year period. This enables the Company to purchase and cancel up to 7,251,988 common shares, representing 5% of the Company’s public float as [Read more]
Wolf Midstream Announces $500 Million Phase Three Expansion of its NGL North System
CALGARY, AB, Sept. 16, 2026 /CNW/ -- Wolf Midstream (Wolf) is pleased to announce that it has reached a final investment decision to proceed with an expansion of its proprietary NGL North System, representing an incremental investment of approximately $500 million in Alberta, with support from its shareholder, Canada Pension Plan Investment Board (CPP Investments). Following the successful rollout of Wolf's NGL North Phase Two expansion announced in July 2024, this expansion (Phase [Read more]
Everyone thank Trump?
I haven’t had hate mail in ages. Social media is the safest way to get a fix, it takes mere seconds, but over here it takes more work. That title above oughta do it. But I’m not kidding. Had the 2024 US election gone the other way, the chance that Canada would be pointed in the direction it is now is virtually zero. We are, ironically, heading down a much stronger path because we have been forced to deal with...all that. To acknowledge that point isn't to condone everything we see and hear, [Read more]
Reliable Equipment and Field Support for Western Canadian Operations
Across Western Canada’s drilling and completion sector, operational efficiency depends on more than equipment availability. Timely delivery, installation, maintenance, and field support also play an important role. For producers and operators working in Alberta and British Columbia, including the Montney and Charlie Lake regions, dependable service can help keep projects on schedule. Challenger Rig Rentals has built its business around providing practical equipment and field support. Since [Read more]
Plains to Acquire Powder River Basin Assets from Silver Creek Midstream
Strengthening Integration and Wellhead Connectivity in the Rockies HOUSTON, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced today that a wholly owned subsidiary has entered into a definitive agreement to acquire SCM PR II, LLC ("Silver Creek") from subsidiaries of Tailwater Capital and The Energy and Minerals Group for an aggregate cash consideration of approximately $585 [Read more]
Chord Energy Announces Divestiture of Non-Operated Marcellus Assets
HOUSTON, Sept. 16, 2026 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") announced today that one of its subsidiaries has entered into an agreement to sell its entire non-operated Marcellus position to POSCO International Corporation for total gross consideration of $550MM. The transaction is expected to close in the fourth quarter of 2026 subject to customary closing conditions. Transaction Highlights: Divesting non-operated Marcellus [Read more]
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