Yemen's Iran-aligned Houthis on Monday declared a naval blockade against Saudi Arabia effective immediately, their military spokesperson said in a televised speech. The militant group announced "a maritime embargo against the criminal Saudi enemy, based on the equation of 'an eye for an eye' effective immediately upon the issuance of this statement." The Houthis said the blockade was in response to Saudi Arabia's continued "unjust and oppressive siege on our dear people for nearly 12 years, [Read more]
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Canadian Utilities says Yellowhead pipeline project approved, construction to begin
CALGARY - Canadian Utilities Ltd. says the Alberta Utilities Commission has approved the Yellowhead natural gas pipeline project with construction set to begin immediately. The $2.9-billion project includes the construction and operation of a 235-kilometre natural gas transmission pipeline from the Peers area in west-central Alberta to the Fort Saskatchewan region and one compressor station. It is expected to deliver over 1.1 billion cubic feet of natural gas once it is in service. The [Read more]
Forget crude. War pushes refiners to the brink: Bousso
The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple through energy markets. Benchmark crude prices have retreated sharply from the highs of $118 a barrel reached during the height of the Iran war and are now hovering around $85, suggesting many investors believe the threat of an energy crisis has faded. While crude supplies have partially recovered, [Read more]
ZenaTech Closes 25th Acquisition with Alberta, Canada-based Velocity Geomatics Inc., Expanding Drone as a Service into Environmental and Regulatory Services in the Oil and Gas Sector
Drone as a Service enters into a global oil and gas drone inspection services market growing at 28% per year as Company achieves stated interim goal from January 2025 Vancouver, British Columbia, (July 16th, 2026) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that it has completed the acquisition of [Read more]
Saturn Oil & Gas Inc. Announces Preliminary Second Quarter 2026 Highlights
Calgary, Alberta--(Newsfile Corp. - July 20, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to announce certain preliminary financial and operating highlights for the three and six months ended June 30, 2026 ("Q2 2026") based on information currently available to Management. The Company anticipates the full financial [Read more]
Magnolia Oil & Gas to buy WildFire Energy in $4.06 billion deal
Magnolia Oil & Gas said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes about 810,000 net acres in Giddings, more than doubling Magnolia's position there to over 1.25 million net acres, strengthening its position across the Austin Chalk, Eagle Ford and Woodbine formations. The acquisition also includes a sand mine that supplies about 80% of Magnolia's annual sand [Read more]
ATCO to Begin Yellowhead Pipeline Construction: Delivering Alberta Infrastructure that Enables Growth
CALGARY, AB, July 20, 2026 /CNW/ -- ATCO Ltd. (TSX: ACO.X) Alberta Utilities Commission approves the construction and operation of the facilities for the Yellowhead Pipeline Project; construction is set to begin immediately. ATCO is leading energy infrastructure investment, furthering resource accessibility and economic opportunity in Alberta. With an estimated investment of $2.9 billion, the natural gas pipeline project is expected to create approximately 2,000 direct [Read more]
America’s power grid is choking on costly congestion: Maguire
Congestion on the U.S. electricity grid is becoming an increasingly costly bottleneck, driving up power prices, delaying new generation projects and undermining reliability. Yet the electricity industry's attention remains focused largely on generation, with politicians debating solar panels, natural gas turbines and nuclear reactors while utilities tout billions of dollars of planned investments. PJM Interconnection, the largest U.S. power market that spans 13 states, offers a stark [Read more]
Vessel is adrift off Oman after being struck by projectile, UKMTO says
A vessel was struck by an unknown projectile 8 nautical miles (14.8 km) northwest of Oman's Kumzar, overlooking the Strait of Hormuz, the United Kingdom Maritime Trade Operations agency said, adding that the vessel is currently adrift. The crew safely abandoned the vessel and have been recovered by a tug boat, UKMTO said after reporting earlier that the vessel was on fire. The fire has not been extinguished, but no environmental impact was reported, UKMTO said. On Monday morning, Iran's [Read more]
What is China’s next surprise for oil markets? Lower imports, higher fuel exports?: Russell
If there is a surprise to China's response to the Iran conflict, it's not that the world's biggest crude importer cut back on oil imports and refinery processing, it's the extent to which it did. China has a strong track record of lowering crude imports in response to higher prices and boosting arrivals when they decline. But the collapse in imports to the lowest in nearly 10 years in June was dramatic, especially given that even though crude prices did surge in the weeks after the U.S. [Read more]