Global oil trading firms Vitol and Trafigura are pushing for steeper discounts on Venezuelan crude oil as rising freight rates shrink their margins, five sources familiar with the matter said. The two merchant houses have been among the biggest winners in a race to control Venezuela's crude flows since the US captured then-President Nicolas Maduro in January and began pushing to reactivate the country's oil sector. They now sell and ship more than half of the OPEC member's exports, and the [Read more]
News
Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu, sources say
Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said. The pipeline was pumping at a low rate, two of them said. State energy firm Saudi Aramco did not immediately respond to a request for comment. Drone attacks forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at the kingdom's Yanbu port. (Reporting by Nidhi Verma in [Read more]
Feds approve FortisBC’s Tilbury LNG expansion under ‘one project, one review’
OTTAWA - The federal government has approved expansion of the Tilbury LNG facility in Delta, B.C., saying potential adverse effects are justified by the project's benefits. Monday's approval under the "one project, one review" principle came immediately after the B.C. government issued an environmental assessment certificate to FortisBC for the project on Tilbury Island in the Fraser River. The province says the project could generate 6,200 full-time-equivalent years of employment during [Read more]
TC Energy announces sale of Guadalajara-Manzanillo Pipeline
Generates cash proceeds of approximately $560 million (US$400 million) High-grading portfolio to redeploy proceeds towards accretive growth opportunities across TC Energy’s North American footprint CALGARY, Alberta, Sept. 21, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced it has entered into an agreement to sell Energía Occidente de México (EOM), the entity that owns the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy [Read more]
Tilbury Phase 2 LNG Expansion Project: Major Milestone Completed
OTTAWA, Sept. 21, 2026 /CNW/ -- Today, the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, issued her decision statement for the Tilbury Phase 2 LNG Expansion Project (the project), determining that the project's potential adverse effects within federal jurisdiction are justified when taking into account the benefits it will provide. The project, proposed by FortisBC Holdings Inc., would expand the existing land-based Tilbury liquefied natural gas (LNG) [Read more]
North Dakota oil output seen rising in August, state regulator says
North Dakota crude oil production is expected to have climbed in August and maintain momentum in the following months as sustained drilling activity and robust crude prices support output across the state, the state Department of Mineral Resources said on Monday. Output in the United States' third-largest oil-producing state rose marginally by 1,846 barrels per day to reach an average of 1.157 million bpd in July, according to the latest available production data released by the [Read more]
Canada sees scope for France LNG partnership, minister says
Canada could pursue an energy partnership with France involving liquefied natural gas from its Pacific coast, Canadian Foreign Minister Anita Anand said on Monday, a day after leaders of the two countries met and discussed energy cooperation. Anand said it was "quite conceivable" for Canada to execute an energy partnership with a European country using LNG exported from Canada's west coast. "That goes for France," she said in an interview on the sidelines of the annual gathering of world [Read more]
Canada aims to slash time needed to review major projects
Canada on Monday unveiled draft legislation that would speed up the approval process for major natural resource projects, a goal Prime Minister Mark Carney says is necessary to help deal with US tariffs. Carney says Canada has to cut back on obstacles to growth, in particular streamlining a complex approval process for major projects that can drag on for a decade or more. The bill says the time can be cut to a year, in part by conducting federal impact assessments and permit reviews [Read more]
North Dakota oil production up 2,000 bpd in July vs June to 1,157,000 bpd – state regulator
Oil production in North Dakota rose 2,000 barrels-per-day (bpd) to 1,157,000 bpd in July, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,129,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission's monthly index report, also available on its website. [Read more]
Irving Oil names Alfred Stern, former CEO of Austria’s OMV, as next president and CEO
SAINT JOHN - Irving Oil has announced the appointment of European energy executive Alfred Stern as its next president and chief executive. The New Brunswick company says Stern will join Irving on Oct. 1 and assume the top job effective Nov. 1, following the retirement of Jeff Matthews. Stern most recently served as chairman and chief executive of Austrian oil and gas group OMV AG. In a statement, Stern says he is honoured to join Irving Oil team at such an "important time in its [Read more]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 3862
- Next Page »