The United States will have to do "something very tough" if a deal is not reached with Iran, President Donald Trump told Israel's Channel 12 in an interview published online on Tuesday. "Either we reach a deal or we'll have to do something very tough," it quoted Trump as saying. Trump has said he is considering sending a second aircraft carrier to the Middle East, Axios and Channel 12 reported, amid simmering tensions between Washington and Tehran over Iran's nuclear programme and over its [Read more]
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US power use to beat record highs in 2026 and 2027, EIA says
U.S. power consumption, which hit its second straight record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours in 2025 to 4,268 billion kWh in 2026 and 4,372 billion kWh in 2027. Demand is surging in part due to data centers dedicated to artificial intelligence and cryptocurrency, and as homes and businesses use more [Read more]
BP’s buyback cut is short-term pain that could be Shell’s gain: Bousso
BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing. Cutting buybacks marks the most significant shift in BP’s financial framework since it halved its dividend in August 2020 following the pandemic-driven collapse in oil prices. The move, along with other cost-cutting and divestment plans, should go a long way toward bolstering BP’s weakened finances and would [Read more]
Norway’s Equinor plans sharp increase to international oil and gas output by 2030
Equinor's international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, down from a dozen in 2019. While domestic output is expected to remain stable, Equinor aims to boost overseas petroleum production to more than 900,000 [Read more]
Canadian oilpatch expected to keep bulking up through mergers and acquisitions
CALGARY - Oilpatch advisers are expecting the wave of consolidation to continue after last year's string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 per barrel mark, shareholders demand better returns through dividends and buybacks and uncertainty continues to cloud the ability for producers to sell [Read more]
International Petroleum Corporation Announces 2025 Year-End Financial and Operational Results and 2026 Budget, Reserves and Guidance
TORONTO, Feb. 10, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three months and year ended December 31, 2025. IPC is also pleased to announce its 2026 budget, with the focus on finalizing the development of the Blackrod Phase 1 project in Canada. As previously announced, IPC achieved first steam injection at [Read more]
Inside CsHm Calgary 2026: Where Measurement Expertise Comes Together
Attendees- Advance Your Expertise at CsHm 2026 Build critical technical knowledge and meaningful industry connections at the Canadian School of Hydrocarbon Measurement (CsHm), Canada’s leading education forum dedicated to hydrocarbon measurement. Taking place March 17–18, 2026 at the Calgary Telus Convention Centre, CsHm brings together a wide range of students from early-career professionals to experienced experts for two days of focused learning led by recognized industry experts. Attendees [Read more]
ILF Consulting Engineers in Canada: Engineering Solutions Through Collaboration and Expertise
Technical excellence is our baseline, but our true value lies in perspective. We don't just deliver complex projects; we view every project through your lens. By aligning our rigorous engineering standards with your specific business priorities, we ensure that the result isn't just a technical success, it's a strategic win. Over the past decade, ILF has built a team that delivers solutions while guiding clients through complex decisions with clarity and confidence. We balance technical rigor [Read more]
Companies trumpet rural Newfoundland LNG plans, but mayor says nobody’s talked to him
ST. JOHN'S - Executives from a South Korean shipbuilding company signed a pact in St. John's, N.L., recently to pursue a liquefied natural gas operation, but the mayor of the town at the heart of the project says nobody has bothered to call him. Jerome Kenny is mayor of Fermeuse, N.L., where several companies have said they're hoping to partner on an LNG operation. The companies have sent press releases about the project, and they've met with Newfoundland and Labrador government [Read more]
Rockpoint Reports Record Third Fiscal Quarter 2026 Results and Declares Quarterly Dividend
CALGARY, AB, Feb. 10, 2026 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint", or the "Company") (TSX: RGSI) today announced its results for the third fiscal quarter ended December 31, 2025. All financial figures are presented in United States dollars ("USD"), unless otherwise noted. "Rockpoint continues to execute its commercial strategy, deliver reliable storage services to its customers, and achieve strong financial results," said Toby McKenna, CEO. "Structural shifts [Read more]
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