CALGARY, Alberta, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce an update on their Llanos Foothills exploration program, where a full strategic alliance has effectively been achieved. Additionally, the Company provides an update on its corporate production and announces plans to release its 2026 guidance on January 19, 2026. Key Highlights Finalized Niscota [Read more]
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TC Energy boss advises U.S. on speeding along oil and gas infrastructure
CALGARY - A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same. U.S. Energy Secretary Chris Wright requested the study on permitting from the National Petroleum Council, which includes 200 members he appointed from both inside and outside the oil and gas industry. The body was formed just after the Second World War. TC Energy Corp. president [Read more]
The US-Venezuela relationship as seen through the price of an oil-linked bond
The ramp-up of U.S. pressure on Venezuelan President Nicolas Maduro's government is bringing fresh attention to the nation's defaulted bonds, including those of the state oil company Petroleos de Venezuela, known as PDVSA. Venezuela defaulted on its debt in 2017 but PDVSA continued to pay holders of a specific bond maturing in 2020. It was issued in 2016 under a swap offer that replaced debt maturing the following year. This bond is secured with a pledge of 50.1% of refiner Citgo Holding through [Read more]
Canadian Natural Resources Limited Prices C$1,650 Million in 3, 5 and 10 Year Medium-Term Notes
Calgary, Alberta--(Newsfile Corp. - December 4, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that on December 4, 2025, it priced the following medium-term notes ("Notes") which were sold to investors in Canada: Note / Coupon Principal Maturity Price per Note Yield to Maturity 3 year / 3.30% C$550,000,000 December 8, 2028 C$99.887 3.340% 5 year / 3.75% C$550,000,000 February 8, 2031 C$99.781 3.798% 10 year / [Read more]
Chevron’s Gorgon LNG project secures $2 billion investment nod
The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast. The development will be used as backfill for the existing LNG export concern and will link the offshore Geryon and Eurytion natural gas fields to Gorgon's existing infrastructure on Barrow Island. Chevron said in Gorgon Stage 3, six wells will be drilled across two fields, [Read more]
Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
By Colleen Howe WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating U.S.-Venezuela tensions and stalled peace talks in Moscow. It would be a second straight week of increases. Prices were little changed at market open on Friday, with Brent crude up 6 cents, or 0.09%, at $63.32 per barrel by 0104 GMT. U.S. West Texas Intermediate was up 4 cents, or 0.07%, at $59.71 a barrel. Both [Read more]
Western Canada Select trading at steepest discounts since March
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Thursday but remains wider than it has been since March. WCS for January delivery in Hardisty, Alberta, settled at $12.85 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13 on Wednesday. After spending much of the year at historically tight levels, in large part due to the Trans Mountain pipeline expansion which has given Canadian oil producers [Read more]
Shell-led LNG Canada’s second processing unit is down, sources say
Shell-led LNG Canada's second processing unit, known as Train 2, remains down nearly a month after its initial start-up, two sources told Reuters. The company said on November 20 that a re-start had been scheduled for December 1 and would last about two weeks. A spokesperson for LNG Canada said on Thursday it expects to provide an update later this week. Located in Kitimat, British Columbia, the complex is the first major LNG export facility in Canada and the first on North America's West [Read more]
Oil tanker traffic surges but spills stay at zero after Trans Mountain Expansion
Bigger project maintains decades-long marine safety record By CEC Staff on December 4, 2025, 10:07 am MST Tanker calling at the Westridge Marine Terminal in the Port of Vancouver. Photo courtesy Trans Mountain Corporation The Trans Mountain system continues its decades-long record of zero marine spills, even as oil tanker traffic has surged more than 800 per cent since the pipeline’s expansion in May 2024. The number of tankers calling at Trans Mountain’s Westridge Marine [Read more]
US natural gas futures edge up to 35-month high on cold snap and near-record LNG export flows
U.S. natural gas futures edged up about 1% to a 35-month high on near-record flows of gas to liquefied natural gas (LNG) export plants and as extreme cold boosted heating demand and cash prices in several regions to their highest since last winter. Limiting Thursday's price increase for most of the trading day were a small weekly storage withdrawal, reduced forecasts for demand over the next two weeks, ample amounts of gas in inventory and lower prices in Europe and Asia. Front-month gas [Read more]
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