Oil sands could maintain current production rates for more than 140 years By Will Gibson on December 16, 2025, 11:14 am MST Pipelines at a thermal in situ oil sands facility. Photo courtesy Alberta Energy Regulator Investor interest in Canadian oil producers, primarily in the Alberta oil sands, has picked up, and not only because of expanded export capacity from the Trans Mountain pipeline. Enverus Intelligence Research says the real draw — and a major factor behind oil sands [Read more]
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EIG’s MidOcean Energy Completes Acquisition of Interest in Canada from PETRONAS
LONDON--(BUSINESS WIRE)--MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its acquisition of a 20% interest in PETRONAS’ key entities in Canada. The transaction includes a 20% interest in the North Montney Upstream Joint Venture (“NMJV”), which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG [Read more]
US crude stocks fall, fuel inventories fall on robust refining activity, EIA says
U.S. crude stocks fell while gasoline and distillate inventories rose last week as refining activity climbed, the Energy Information Administration said on Wednesday. Crude inventories dropped by 1.3 million barrels to 424.4 million barrels in the week ended December 12, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel draw. Wednesday's EIA report marked a sharp contrast from an inventory report released on Tuesday by the American Petroleum [Read more]
Mexican president calls on UN to ‘avoid bloodshed’ in Venezuela
Mexican President Claudia Sheinbaum on Wednesday asked the United Nations to act in order to avoid bloodshed in Venezuela, as tensions escalate between the South American country and the United States. Sheinbaum said during her morning press conference that Mexico is against intervention and against foreign interference in Venezuela. "I call on the United Nations to fulfill its role. It has not been present. It must assume its role to prevent any bloodshed," she said. U.S. President [Read more]
As the geopolitical landscape shifts, oil and natural gas remain key to everything
Once upon a time, I imagined there was a layer of people at the top of the world order that were supremely wise, experienced, and of the finest judgement. I assumed that the world moved with purpose as this elite crowd rolled up their sleeves and exercised their skills in a cohesive manner, instituting policies and programs that were the best and most logical choice based on finances and resources available. I assumed the west worked that way, as did the commies (the cold war lives on in my head [Read more]
Rheaume celebrates 20 years in Grande Prairie — from one-person MOC shop to full EPCM partner in the Montney and beyond
2025 marks 20 years in operation for Rheaume Engineering Inc. — which began as a single engineer consulting on MOCs in the Grande Prairie area. Rheaume has grown into a 45-person company, now a full-suite Engineering, Procurement, and Construction Management (EPCM) firm serving the energy, municipal, and industrial sectors across Western Canada. Rheaume delivers Oil & Gas projects such as wellpads, pipelines, and major capital projects — including engineering for thermal oil production [Read more]
Greenfire Resources Announces Preliminary Results for Rights Offering
Calgary, Alberta--(Newsfile Corp. - December 17, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced preliminary results of its C$300 million rights offering, which expired at 4:00 p.m. (Calgary time) on December 16, 2025 (the "expiration date"). Upon closing of the rights offering, the Company expects to issue 55,147,058 common shares, representing the maximum number of common shares available under the rights offering, without reliance on the [Read more]
US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports
The United States is preparing a further round of sanctions on Russia's energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace deal with Ukraine, Bloomberg News reported on Wednesday, citing people familiar with the matter. The U.S. is considering options such as targeting vessels in Russia's so-called shadow fleet of tankers used to transport Moscow’s oil, and traders who facilitate the transactions, the report said. Reuters could not immediately [Read more]
Kiwetinohk Shareholders Approve Arrangement
CALGARY, AB, Dec. 16, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") announces the shareholders of Kiwetinohk (the "Shareholders"), at the special meeting of Shareholders held today (the "Meeting"), approved an arrangement (the "Arrangement") involving Cygnet Energy Ltd. (the "Purchaser"), Kiwetinohk and the Shareholders pursuant to a court-approved plan of arrangement under section 192 of the Canada Business Corporations Act whereby the Purchaser will acquire [Read more]
Oil jumps over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
U.S. crude futures rose more than 1% on Wednesday as U.S. President Donald Trump ordered "a total and complete" blockade of all sanctioned oil tankers entering and leaving Venezuela. U.S. crude futures were up 1.3%, or 72 cents, to trade at $55.99 at 0022 GMT. Oil prices settled near five-year lows in the previous session on progress in Russia-Ukraine peace talks, as a deal may see western sanctions on Moscow eased, freeing up supply at a time of fragile global demand. Trump on Tuesday [Read more]
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