U.S. energy firm National Fuel Gas is exploring strategic options for its integrated natural gas production business, with any deal set to value the unit at around $5 billion, five people familiar with the matter said. The Williamsville, New York-based company, which traces its roots back to 1902 as a carve-out from John D. Rockefeller's Standard Oil, is working with advisers including investment bankers at Goldman Sachs to study a wide range of scenarios for the business, which consists of [Read more]
News
Two pumping stations along Saudi East-West Pipeline damaged in recent attack, sources say
Two pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources. Saudi Aramco, which operates the 1,200 km (745-mile) pipeline running across the Arabian Peninsula, did not respond to a request for comment. Saudi Arabia's government media office did not immediately respond to a request for comment. The pipeline, which has helped relieve the logjam in [Read more]
EU chief wants Canada to become an ‘associate member’. What does that mean?
European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door for Canada to become the European Union's first "associate member". Earlier this week, Canada's Prime Minister Mark Carney — who was in Strasbourg to listen to von der Leyen's annual State of the Union address — said Canada was seeking a "unique alliance" with the EU but not membership. WHAT MIGHT THE NEW RELATIONSHIP INVOLVE? There is currently no such status as "associate member" set out [Read more]
US Energy Secretary: 18 mln barrels of oil flowed through Gulf
U.S. Energy Secretary Chris Wright said 18 million barrels of oil flowed through the Gulf on Tuesday. "We've risen the flow of oil out of the Persian Gulf to record highs right now. About 18 million barrels flowed out yesterday, basically pre-conflict levels," Wright said in an interview Wednesday with Fox News. (Reporting by Kat Jackson; Editing by Doina Chiacu) [Read more]
US crude stocks fall on strong exports, fuel inventories rise, EIA says
U.S. crude stocks fell amid strong exports while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 342,000 barrels in the week, the EIA said. "Given the demand that is well [Read more]
Houthi blitz leaves Saudi Arabia exposed, Iran emboldened
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]
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]
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