BP's 440,000-barrel-per-day oil refinery in Whiting, Indiana, has returned to normal operations following a planned maintenance turnaround in September and a fire in October, two sources said. The largest refinery in the U.S. Midwest returned to normal operations early this week, the sources said. A BP spokesperson declined on Wednesday to comment on day-to-day operations. In October, a fire ignited after an operational incident at the refinery. Multiple units, including the fluid [Read more]
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US natural gas futures climb 3% on record LNG flows, colder forecasts
U.S. natural gas futures climbed about 3% to a one-week high on Wednesday on record flows to liquefied natural gas (LNG) export plants, the expiration of a lower-priced contract, forecasts for colder weather and higher demand, and a bigger-than-expected storage withdrawal. Limiting gains were record output, ample amounts of gas in storage and lower gas prices in Europe on Ukraine peace talks. On its first day as the front-month, gas futures for January delivery on the New York Mercantile [Read more]
Axiom Oil and Gas Inc. Maintains $110 Million Lawsuit Against Tidewater Midstream and Infrastructure Ltd. Related to Brazeau Property for Sale
Calgary, Alberta--(Newsfile Corp. - November 26, 2025) - Axiom Oil and Gas Inc. ("Axiom" or the "Company") wishes to reply to the Tidewater Midstream and Infrastructure Ltd. ("Tidewater") news release of November 21, 2025 to provide additional disclosure and transparency. The sales process with Sayers Energy Advisors has bids due November 27, 2025. Axiom sought the injunction to restore sour gas handling services during what is likely to be a lengthy litigation process. Although the [Read more]
Wind power to drive Canada’s renewable energy growth through 2030
CER's latest publication shows wind leading planned renewable power capacity additions, with Quebec, Alberta, and B.C. at the forefront. CALGARY, AB, Nov. 26, 2025 /CNW/ - Wind power is set to dominate Canada's power growth over the next five years, accounting for about 70% of planned renewable capacity additions, according to a new online publication from the Canada Energy Regulator (CER). The publication, Renewable Energy in Canada: Current Status and Near-Term Developments, highlights [Read more]
US crude stocks climb as imports hit 11-week high, EIA says
U.S. crude stocks climbed as imports rose to an 11-week high, the EIA said on Wednesday, while fuel inventories also increased as refining activity ticked higher. Crude inventories climbed by 2.8 million barrels to 426.9 million barrels in the week ended November 21, the EIA said, compared with analysts' expectations in a Reuters poll for a 55,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 68,000 barrels in the week, the EIA said. Oil futures were little [Read more]
Don’t expect Ukraine peace deal to alter Europe’s gas gameplan: Bousso
Europe’s gas market is far calmer today after years of turmoil that saw the region swap Russian supplies for liquefied natural gas (LNG) imports, a strategy that is unlikely to change even if U.S. President Donald Trump brokers a peace deal in Ukraine. The White House is pushing Moscow and Kiev to agree to a plan to end the almost four-year war. If successful, Russian oil and gas might soon begin to trade more openly. But that will likely do little to change Europe's gas landscape. Benchmark TTF [Read more]
Reliance Industries, JV partners to invest $11 billion in India AI data capacity
A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state's government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved in the joint venture, called Digital Connexion. The project aims to establish an AI-native data centre campus across 400 [Read more]
Energy minister to brief B.C. Liberal MPs on expected Alberta pipeline deal
OTTAWA - Energy and Natural Resources Minister Tim Hodgson is set to brief B.C. Liberal MPs today on the government's expected energy deal with the province of Alberta. The move comes after B.C. Liberal MPs last week said any deal involving a pipeline to the West Coast would need consent from First Nations and the B.C. government, repeating talking points from the government in recent weeks. Prime Minister Mark Carney said Tuesday in the House of Commons that B.C. "has to agree" to any [Read more]
Oil tanker ban just one obstacle to northern B.C. pipeline, experts say
CALGARY - A new oilsands pipeline to the northern B.C. coast is a non-starter as long as oil tankers are forbidden there, but experts say a removal of the federal ban would only lift one of many obstacles deterring the private sector from such a project. Media reports say the federal and Alberta governments are poised to announce a memorandum of understanding Thursday, affirming support for a pipeline alongside emissions-reducing measures. The agreement reportedly includes exemptions to the [Read more]
Venture Global accuses Shell of campaign to harm LNG business, FT reports
U.S. LNG producer Venture Global accused Shell of waging a "three-year campaign" to damage its business after Shell appealed an arbitration loss, according to a staff note seen by the Financial Times on Wednesday. Reuters could not immediately verify the report. Venture Global and Shell did not immediately respond to a Reuters request for comment. The email seen by the FT from co-founders Michael Sabel and Robert Pender criticized Shell's "misguided decision" to challenge the ruling and said [Read more]
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