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CSV Midstream Solutions Announces Retirement of President Rick Staples

  Staples to continue supporting CSV as a member of the Board of Directors CALGARY, AB, Jan. 13, 2026  /CNW/ - CSV Midstream Solutions Corp. (CSV) today announced that Rick Staples retired from his role as President effective December 31, 2025. Following more than a year-long planned transition, Staples has stepped back from day-to-day leadership but will continue to serve as a member of CSV's Board of Directors. During his tenure, Staples played a key role in guiding [Read more]

US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says

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Lower oil prices are expected to cut U.S. drilling activity and reduce output 1% this year from the top producing country, while potentially higher output from Venezuela could add pressure, the Energy Information Administration said on Tuesday. The comments from the Department of Energy's statistical arm add to worries expressed by some U.S. oil producers about U.S. President Donald Trump's request for domestic oil companies to enter Venezuela and help raise its output after the capture of [Read more]

Ramping oil production in Venezuela will yield limited short-term gains, IEA says

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Ramping up oil production in Venezuela after years of industry neglect will take time and bring only limited short-term gains, the chief energy economist at the International Energy Agency said on Tuesday. U.S. President Donald Trump has urged U.S. energy firms to invest $100 billion to rebuild Venezuela's oil industry, after U.S. forces in an overnight raid on Caracas on January 3 removed the country's president from power. "Short-term implications (of developments in Venezuela), in our [Read more]

CIBC analysts expecting wider discount on heavy oil this year

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CALGARY - Analysts at CIBC are forecasting a wider discount on Alberta heavy crude this year as U.S. plans to rebuild Venezuela's ailing industry dominate headlines. The bank estimates the differential between Western Canada Select, the heavy Alberta blend, and West Texas Intermediate, the U.S. light oil benchmark, to average US$14.25 a barrel in 2026. For 2025, the price gap averaged US$11.30, as Canadian producers benefited from the first full year of operations of the Trans Mountain [Read more]

Venezuela begins reversing oil output cuts as exports resume, sources say

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Venezuela's state oil company has begun reopening some of the wells it and its joint venture partners had shut amid a strict U.S. embargo, as crude exports resume with two shipments departed on Monday, three sources close to operations said. The OPEC country's oil exports had remained almost at a standstill since December, with only U.S. Chevron exporting crude from its joint ventures under a U.S. authorization, leaving millions of barrels stuck in onshore tanks and vessels. The country's [Read more]

Explore Reservoir Characterization for Energy Security at the CEGA Reservoir Symposium — Limited Delegate Passes Remaining

Don’t miss your opportunity to attend the 2026 Reservoir Symposium, a premier technical event exploring how reservoir characterization underpins Canada’s energy security. Delegate passes are selling quickly, and early-bird pricing is available for a limited time only. Hosted by the Canadian Energy Geoscience Association (CEGA),  the Reservoir Symposium takes place February 4–5, 2026, at The Bow – Sky Garden Auditorium. This focused, two-day, single-track event brings together geoscientists, [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]

Russia counters Trump’s assertion over oil in Venezuela

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Oil assets that Russia develops in Venezuela belong to Russia, which will continue working there, Moscow said on Tuesday, after U.S. President Donald Trump's claims of control over the South American country. Russia's Roszarubezhneft firm said that all the company's assets in Venezuela were the property of Russia and it would stick to its commitments to international partners there, TASS news agency reported. Roszarubezhneft, owned by a unit of the Russian Ministry of Economic Development, [Read more]

Four oil tankers hit by drones near CPC oil terminal in Russia, sources say

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Four Greek-managed oil tankers were hit by unidentified drones on Tuesday in the Black Sea on the way to load oil at the Caspian Pipeline Consortium (CPC) terminal off the Russian coast, eight sources told Reuters. It was not immediately clear who was behind the drone attack. Ukraine did not immediately comment on the recent attacks. CPC declined to comment on the attack. A Ukrainian drone on November 29 hit one of three main CPC moorings near the port of Novorossyisk, resulting in oil [Read more]