Alaska crude oil production is forecast to increase 13% in 2027, as new output from the jointly owned Pikka Phase 1 project of Santos and Repsol and from the ConocoPhillips Nuna project boosts supply from the state's North Slope, the US Energy Information Administration (EIA) said on Thursday. * EIA forecasts Alaska crude oil production will rise by 23,000 barrels per day (6%) in 2026, followed by a further increase of 60,000 bpd (13%) in 2027. * At a forecast 505,000 bpd in 2027, output [Read more]
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US crude stocks, gasoline and distillate inventories rise – EIA
U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories rose by 4.7 million barrels to 414.4 million barrels in the week ended November 6, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 106,000 barrels in the week, the EIA said. Refinery crude runs rose by 322,000 barrels per day in the [Read more]
SpaceX to invest over $74 billion in supercompute facilities in Texas, Arizona
SpaceX said on Thursday it plans to invest more than $74 billion in two supercomputing campuses, one at its Starbase site in Texas and another in Cochise County, Arizona. The company expects to spend $24 billion on the Starbase site and roughly $50 billionon the Arizona campus, the company said in a statement. The Arizona campus, which needs approval from Cochise County, would create about 5,500 construction jobs and 1,000 permanent jobs, SpaceX said. The Starbase facility would [Read more]
Enjoy the building
I don’t know about everyone else, but I’m utterly exhausted by the non-stop discussion of politics, a habit that is profoundly soul-sucking and the antithesis of the way any human should want to spend their day. Never mind their life. I mean really. When was the last time anyone came away from a political discussion feeling energized and wholesome? No, you want to punch something. Even sitting with people who are in complete political harmony, it’s bad news; the conversation often tends to be [Read more]
Notice of Sale and Investment Solicitation Process re: Prairie Provident Resources et al
On October 27, 2026, the Court of King’s Bench of Alberta (the “Court”) granted an initial order under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36 (“CCAA”), appointing Alvarez & Marsal Canada Inc. (“A&M”) as monitor of Prairie Provident Resources Canada Ltd. and Prairie Provident Resources Inc., and, subject to the ARIO (defined below), Lone Pine Resources Inc. and Lone Pine Resources (Holdings) Inc. (collectively, the “Companies”). On November 5, 2026, A&M [Read more]
Cenovus, Imperial Oil, Canadian Natural, Strathcona, Cardinal, Tamarack, BMO, National Bank + others to speak at CHOA Connects Conference Nov 19th
Where are the next opportunities for heavy oil growth? What does it take to turn greenfield SAGD projects into profitable, scalable businesses? And how will geopolitics, trade policy, and shifting global energy markets affect Canadian producers? Thursday, Nov 19 I The Hudson Loft, Calgary I MORE INFORMATION CHOA CONNECTS 2026: Resilient by Design Business Discipline. Geopolitical Awareness. Sustainable Profits. At CHOA CONNECTS 2026, hear directly from the people tackling these [Read more]
Tidewater Midstream and Infrastructure Ltd. announces third quarter 2026 results, operational update, and further increase to 2026 financial guidance
(TSX: TWM) CALGARY, AB, Nov. 12, 2026 /CNW/ -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation" when referring to the consolidated group, and "Tidewater Midstream" when referring to the legal entity) (TSX: TWM) has filed its consolidated interim financial statements and Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2026. Third Quarter 2026 Highlights Achieved record quarterly [Read more]
Reaching Canada’s 100 MMtpa Federal Ambition for LNG Exports Would Support C$1 Trillion of Investment and 250,000 Jobs Annually Through 2050, New S&P Global Energy Study Finds
Pathway exists for Canada to become 3rd largest LNG exporter, though window of opportunity is limited, study says NEW YORK, Nov. 12, 2026 /PRNewswire/ -- Meeting the Canadian government's goal of 100 MMtpa of liquefied natural gas (LNG) exports by 2050 would support nearly a quarter million jobs annually, stimulate nearly C$1 trillion total investment across the LNG value chain and contribute C$888 billion to the country's gross domestic product to 2050, equal to C$50,000 per household, [Read more]
COP31 electric push tests Europe’s political realities: Bousso
Europe's climate ambitions are colliding with harsher economic and political realities as delegates at the COP31 climate summit push to accelerate global electrification, testing governments' resolve and voters' appetite for the energy transition. Turkey, host of this year's climate talks, is urging governments to back a flagship pledge to increase electricity's share of global energy consumption to 35% by 2035, up from around 20% today. The logic is straightforward. Replacing fossil [Read more]
Just like the US, Iran has squandered its good options to end the war: Russell
Much of the commentary around the Iran war focuses on how the miscalculations of the administration of President Donald Trump have left the US with no good options for resolving the 8-month-old conflict. But Iran also finds itself in a similar position, with Tehran's early strategic success giving way to a failure to seize opportunities to get most of what it wants in a lasting peace deal. Iran is currently faced with the same series of unpalatable choices that Trump is grappling [Read more]