U.S. President Donald Trump said on Saturday that the airspace above and surrounding Venezuela should be considered "closed in its entirety", but gave no further details as Washington ramps up pressure on President Nicolas Maduro's government. "To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY," Trump said in a Truth Social post. Venezuela's communications ministry, which handles all press [Read more]
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How could Venezuela’s military respond to a US attack?
U.S. President Donald Trump said on Saturday the airspace above and surrounding Venezuela should be considered "closed in its entirety", without giving details, as Washington continues to ramp up pressure on President Nicolas Maduro's government. Trump has repeatedly said U.S. strikes on alleged drug boats in the Caribbean and Pacific, which have killed more than 80 people, could develop into land action in the South American country, although he has also reportedly held a call with Maduro [Read more]
CPC says oil exports halted, equipment heavily damaged by drones
The Caspian Pipeline Consortium (CPC), which handles more than 1% of global oil, said on Saturday it halted operations after a mooring at its Black sea terminal was significantly damaged by a Ukrainian naval drones attack. "Further operation of mooring point 2 is not possible," it said in a statement about one of three key pieces of exporting equipment. CPC exports mainly from Kazakhstan via Russia and the Black Sea's terminal. CPC's shareholders include U.S. majors Chevron and Exxon [Read more]
Westgate Energy Announces Q3 2025 Financial Results
CALGARY, AB, Nov. 28, 2025 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three and nine months ended September 30, 2025. Selected financial and operating information should be read in conjunction with Westgate's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2025 and 2024, [Read more]
Strathcona Resources Ltd. Receives Court Approval for Special Distribution
CALGARY, AB, Nov. 28, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") today announced that the Court of King's Bench of Alberta issued a final order approving the previously announced plan of arrangement pursuant to Section 193 of the Business Corporations Act (Alberta), under which Strathcona will make a special distribution of $10.00 per share, or approximately $2.142 billion in aggregate, to its shareholders (the "Special Distribution"). The Special Distribution also received [Read more]
US natural gas futures set for third straight monthly gain on cold weather outlook
U.S. natural gas futures climbed more than 6% on Friday to a near nine-month high, and were poised for a third straight monthly gain, driven by forecasts for colder weather and higher demand, while a bigger-than-expected storage withdrawal data this week provided support. Contracts were higher as trading resumed after an outage at CME Group brought trading in currencies, commodities and equities futures to a standstill around the world. Gas futures for January delivery on the New York [Read more]
US oil production rose to record high in September, EIA data shows
U.S. oil production rose to a record high in September, data from the Energy Information Administration (EIA) on Friday showed, despite oversupply worries. Oil production in the U.S. has continued to hit record highs this year despite a weak price environment, further weighing on global prices. Benchmark Brent crude was trading just below $64 on Friday, about 14% below the same time last year. U.S. crude oil output rose 44,000 barrels per day during the month to a record 13.84 million bpd, [Read more]
CIBC analysts cast doubt on private sector taking on new B.C. pipeline any time soon
CALGARY - Analysts at CIBC Capital Markets say they don't expect the private sector to take the lead on a new West Coast oilsands pipeline so long as the British Columbia government and First Nations are opposed. They write in a report that companies would have to rely on meeting the ill-defined constitutional duty to consult with Indigenous groups and untested new federal legislation aimed at speeding along infrastructure projects deemed in the national interest. The Alberta government is [Read more]
US LNG plants pull record amount of gas, LSEG data show
U.S. demand for natural gas to be turned into LNG surpassed 19 billion cubic feet on Friday, keeping gas usage at a record-high level for the third straight day, according to preliminary data from financial firm LSEG. The U.S. is the world's largest exporter of liquefied natural gas. The record usage has been led by the two largest U.S. exporters, with Cheniere's Sabine Pass plant in Texas pulling 5.1 bcf on Friday and Venture Global's Plaquemines plant in Louisiana continuing its ramp-up, [Read more]
Trans Mountain reports $127M Q3 profit as revenue and utilization rise
CALGARY - Pipeline operator Trans Mountain Corp. says it earned a profit in its latest quarter compared with a loss a year ago as its utilization rate and revenue rose compared with last year. The Crown-owned pipeline company says it earned $127 million for the quarter ended Sept. 30 compared with a loss of $68 million a year ago. The result came as revenue for the quarter totalled $765 million, up from $666 million. Trans Mountain says it saw record throughput for the quarter at [Read more]
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