The United States is going to be "very strongly involved" in Venezuela's oil industry in the wake of the operation to capture Venezuelan President Nicolas Maduro, President Donald Trump told Fox News on Saturday. "We have the greatest oil companies in the world, the biggest, the greatest, and we're going to be very much involved in it," he said. (Reporting by David Ljunggren; Editing by Susan Fenton) [Read more]
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Venezuelan oil industry: world’s largest reserves, decaying infrastructure
Following are some key facts about the oil industry of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday, according to U.S. President Donald Trump. RESERVES Venezuela has the world's largest oil reserves but its crude output remains at a fraction of capacity due to mismanagement, lack of investment and sanctions, official data shows. Venezuela holds about 17% of global reserves or 303 billion barrels, ahead of OPEC leader Saudi Arabia, according to the [Read more]
Venezuela’s oil facilities unscathed in US strike, sources say
Venezuela's state-run oil production and refining were operating normally on Saturday and suffered no damage from a U.S. strike to extract the country's president, two sources with knowledge of the operations of energy company PDVSA said. U.S. forces captured President Nicolas Maduro, U.S. President Donald Trump said, after months of pressuring him over accusations of drug-running and illegitimacy in power. The port of La Guaira near Caracas, one of the country's largest but one not used for [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for February delivery in Hardisty, Alberta, settled at $13.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $13.40 on Wednesday. * After spending much of the year in the $9-$11 range, in large part due to the Trans Mountain pipeline expansion that has given Canadian oil producers additional export capacity, the WCS discount has [Read more]
Petrus Resources Declares Monthly Dividend for January 2026
CALGARY, Alberta, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable January 30, 2026, to shareholders of record on January 15, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP") Petrus' DRIP enables eligible shareholders to reinvest all or part of their [Read more]
US sets new LNG export records in banner year marked by new capacity
The U.S. in 2025 became the first country to export more than 100 million metric tons (mmt) of liquefied natural gas in a single year, powered by the startup of production from new plants, preliminary data from LSEG showed. The world's largest LNG exporter sold 111 mmt of the fuel, almost 20 mmt more than its nearest rival Qatar and nearly 23 mmt more than it did last year, LSEG data showed. U.S. shipments accounted for roughly a quarter of global LNG exports last year. Venture Global's [Read more]
Trican Well Service Ltd. Announces Fourth Quarter 2025 Conference Call
Calgary, Alberta--(Newsfile Corp. - January 2, 2026) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its Fourth Quarter 2025 results on Wednesday, February 18, 2026 after the close of the market. The Company will host a conference call on Thursday, February 19, 2026 at 10:00 a.m. MT (12:00 p.m. ET) to discuss its results for the Fourth Quarter 2025. To listen to the webcast of the conference call, please enter the following URL in your web browser: [Read more]
The Canadian Energy Centre’s biggest stories of 2025
Most viewed articles reflect growing recognition of the importance of oil and gas to Canada’s economy By CEC Staff on December 28, 2025, 8:15 pm MST Brandon, a welder from Vernon, British Columbia, part of the team who completed the “Golden Weld” or final piece of the Coastal GasLink natural gas pipeline from near Dawson Creek, B.C. to the LNG Canada tidewater export terminal at Kitimat. Photo courtesy Coastal GasLink Canada’s energy landscape changed significantly in 2025, with [Read more]
Keyera Appoints New Director to its Board
CALGARY, AB, Jan. 2, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced today the appointment of Renee Zemljak to Keyera's Board of Directors effective January 1, 2026. Ms. Zemljak brings more than 30 years of energy industry experience as a well-recognized executive with a long history of value creation in the North American energy industry. Most recently, she served as Executive Vice President, Midstream, Marketing & Fundamentals at Ovintiv (formerly Encana), where her deep [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for January 2026
CALGARY AB, Jan. 2, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on January 30, 2026, to shareholders of record at the close of business on January 15, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. InPlay is a [Read more]
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