The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit. It was always going to be a tall order to put nearly 200 countries with massively different perspectives together and deliver a strong statement that commits to combating climate change. The question to ask after the summit in the Brazilian city of Belem is: Does what the concluding statement says, and doesn't say, actually [Read more]
News
US to launch new phase of Venezuela operations, sources say
The United States is poised to launch a new phase of Venezuela-related operations in the coming days, four U.S. officials told Reuters, as the Trump administration escalates pressure on President Nicolas Maduro's government. Reuters was not able to establish the exact timing or scope of the new operations, nor whether U.S. President Donald Trump had made a final decision to act. Reports of looming action have proliferated in recent weeks as the U.S. military has deployed forces to the Caribbean [Read more]
Axiom Oil and Gas Inc. Announces Property Sales, Files $110 Million Lawsuit Against Tidewater Midstream and Infrastructure Ltd.
Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Axiom Oil and Gas Inc. ("Axiom" or the "Company") is pleased to report that as a result of its recent successful drilling program of its highest cash netback property, Black Creek, the Company has initiated a sales process with Sayers Energy Advisors for several non-core properties with bid deadline November 27, 2025, including: Brazeau, Esther, Hamilton Lake/Consort, Killam/Iron Creek, Marten Creek and Mundare areas of Alberta. The [Read more]
US natgas futures up 2% on near-record LNG flows and cold December forecast
U.S. natural gas futures climbed about 2% to a one-week high on Friday with flows to liquefied natural gas export plants back near record highs on the expected return to full service of Freeport LNG's plant in Texas and on a planned jump in demand in two weeks with the coming of some colder-than-normal weather. Front-month gas futures for December delivery on the New York Mercantile Exchange rose 10.6 cents, or 2.4%, to settle at $4.580 per million British thermal units (mmBtu), their highest [Read more]
US drillers add oil and gas rigs for third week in a row, says Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since September, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by five to 554 in the week to November 21, its highest since June. Baker Hughes said oil rigs rose by two to 419 this week, their highest since October, while gas rigs rose by two to 127. The oil and gas rig count declined by [Read more]
North Dakota frac crew count slips to 10 in October, state regulator says
(Rewrites throughout) HOUSTON, Nov 21 - There are 10 hydraulic fracturing crews operating in North Dakota, down from 13 in October, the state regulator said on Friday, as weak oil prices push operators to put the brakes on activity. "This is seasonal however I do believe that some of the reduction there is related to softer commodity prices that we have been seeing the last several months," said Nathan Anderson, director of the North Dakota Department of Mineral Resources. U.S. crude [Read more]
Freeport LNG’s Texas export plant to take in more natural gas on Friday, data shows
U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Friday in a sign that one of its three liquefaction trains has returned to service after shutting on Thursday, LSEG data and regulatory filings show. Freeport is one of the world's most closely watched U.S. LNG export plants because changes to its operations have caused price swings in global gas markets in the past. When flows to Freeport drop, gas prices in the U.S. usually [Read more]
November 19th Alberta Crown Land Sale totals $56.3 MM – largest result of the year as buyers scoop up Duvernay rights – StackDX Intel
The Alberta Government brought in $56.3 MM on its November 19th Crown land sale. In total, 36,896.7 hectares were sold at an average price of $1,526.89/ha. Click here to see the full land sale results on StackDX Intel. Click here for more details on the StackDX suite of software solutions for oil & gas data, including client testimonials and case studies. This was the largest dollar bonus of the year, with some deep rights with Duvernay potential driving the results. Two parcels [Read more]
Completion Superintendant Powers Wireline Units With Own Fuel Gas
Calgary, AB – A Tier 1 Operator in the Canadian Energy Industry has started powering Electric Wireline Units with their own Fuel Gas onsite. The 140kw E-Line Units (2 of them) displaced over $1000/day in diesel as part of the Operator’s Pad Electrification strategy to reduce costs. The Operator continued phasing in Pad Electrification by plugging in lights, shacks, minions, job trailers, BOP accumulators, and the datavan for savings of more than $5000/day on the pad. The intangible savings [Read more]
Tidewater Midstream and Infrastructure Ltd. Responds to Axiom Oil and Gas Inc.’s Disclosure Regarding Lawsuit
(TSX: TWM) CALGARY, AB, Nov. 21, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) today responds to Axiom Oil and Gas Inc.'s ("Axiom") press release dated November 20, 2025 (the "Axiom Press Release"). The Axiom Press Release contained commentary about a statement of claim it filed against Tidewater on April 29, 2024 (the "Claim") concerning Tidewater's exercise of certain of its rights under a gas handling agreement (the "GHA") entered into [Read more]
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