Canadian Prime Minister Mark Carney will visit China January 13-17, his office said on Wednesday, in what will be the first visit by a Canadian prime minister since 2017. Carney is trying to diversify Canada's exports away from its main market, the United States, as Canada faces uncertain trade policy from U.S. President Donald Trump. Carney had agreed to visit China after meeting with President Xi Jinping on in South Korea in October. The visit aims to increase engagement on trade, energy, [Read more]
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Tidewater Midstream and Infrastructure Ltd. announces long-term gas handling and NGL supply and fractionation agreements at the Brazeau River Complex
(TSX: TWM) CALGARY, AB, Jan. 7, 2026 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has entered into long-term agreements for gas handling and NGL supply and fractionation (collectively, the "Agreements") at the Brazeau River Complex (the "BRC"). Under the Agreements, Tidewater will process up to 75MMcf/d of natural gas (comprised of approximately 65MMcf/d and approximately 10MMcf/d of [Read more]
AltaGas announces CFO transition and midstream updates
CALGARY, AB, Jan. 7, 2026 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announces the following corporate updates: CFO Retirement and Transition James Harbilas, AltaGas' Executive Vice President and CFO, will retire on April 1, 2026. Following an executive search, Sean Brown will be joining AltaGas to succeed James as incoming CFO effective today. James will assume the role of Strategic Advisor until his retirement. Over the coming months, James and [Read more]
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said. Caracas and Washington agreed to export up to $2 billion worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend. That arrangement is likely to curtail [Read more]
Venezuela oil deal angers China, pushes prices down
Global oil prices fell on Wednesday and China denounced the U.S. as a bully after President Donald Trump's administration said it had persuaded Venezuela to divert supplies from Beijing and import up to $2 billion worth of embargoed crude. The deal was in line with Trump's stated aim of controlling the South American OPEC member's vast oil reserves after deposing its leader Nicolas Maduro whom it had long cast as a drug-trafficking dictator in league with Washington's foes. Maduro's [Read more]
Chevron, Quantum Energy Partners line up bid for $22 billion of Lukoil assets, FT reports
Chevron and private equity group Quantum Energy Partners are teaming up on a bid to buy the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday. Chevron, Quantum, Lukoil and the White House did not immediately respond to requests for comment. Reuters reported in November that Chevron was studying options to buy Lukoil's global assets. Reuters also reported in December that Saudi Arabia's Midad Energy had emerged as one of [Read more]
Venezuela to export $2 billion worth of oil to US in deal with Washington
Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts. The agreement is a strong sign that the Venezuelan government is responding to Trump's demand that they open up to U.S. oil companies or risk more military intervention. Trump has said he wants interim President [Read more]
Russia sends submarine to escort tanker the US tried to seize off Venezuela, WSJ reports
Russia has deployed a submarine and other naval vessels to escort an empty, ageing oil tanker that has been trying to evade the U.S. blockade near Venezuela, the Wall Street Journal reported on Tuesday, citing a U.S. official. The tanker, formerly known as Bella 1, has been evading interception since the U.S. Coast Guard attempted to board and seize it in December, following Washington's blockade of sanctioned oil shipments to and from Venezuela. Russia has asked the U.S. to stop pursuing [Read more]
Trump says Venezuela to turn over 30 to 50 million barrels of oil to US
Venezuela will be "turning over" 30 to 50 million barrels of sanctioned oil to the United States, President Donald Trump said on Tuesday in the aftermath of the toppling of Nicolas Maduro who was seized from his country by U.S. forces over the weekend. "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" Trump said in a social media [Read more]
Eby pitches ‘pivot’ from oil pipeline to refinery talks after Maduro capture
VANCOUVER - British Columbia Premier David Eby said Canada needs to "pivot" from talk of a potential new pipeline carrying oil bound for Asia and instead think about building a new refinery. Eby said Tuesday that if tax dollars are being considered to build a pipeline to B.C.'s northern coast, the money would be better spent supporting oil and gas products made in Canada rather than being relying on American and Chinese refineries. The premier's comments come after Venezuelan President [Read more]
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