The United Arab Emirates said on Friday it will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy, and mining sectors. The UAE has been looking to expand its energy investments abroad, especially through its recently launched firm XRG, the foreign investment arm of Abu Dhabi's oil major, ADNOC. Abu Dhabi is also investing heavily in AI, with plans to build one of the world's largest data center hubs in the country with U.S. [Read more]
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Shale rigs idle, layoffs rise as $60 oil tests resilience of Permian
At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn't know that if you talked to Mark Waters, who owns a store that sells tools and safety equipment to oil firms. His small business, Tie Specialties, in Odessa, Texas, saw a 25% drop in oilfield sales over the last four to six months. Shelves are stacked with hand tools like wrenches, augers for digging holes, shovels, and other power tools. Peg boards show off hard hats, gloves, and various colored [Read more]
Kyiv says work continues on technical level between teams to study US proposals
Ukraine called on its partners to respect its position as work continues on the technical level to study a U.S.-backed plan to end the war, a senior Ukrainian official said on Friday. Rustem Umerov, the secretary of the National Security and Defence Council, said that Ukraine's unchanging principles were "sovereignty, the safety of people, and a just peace". "We are carefully studying all of our partners' proposals and expect the same proper attitude towards Ukraine's position," Umerov [Read more]
COP30 climate summit set for last-gasp showdown over fossil fuels and finance
The COP30 climate summit was headed for a showdown on Friday over the future of fossil fuels after hosts Brazil dropped efforts to develop a global plan to shift away from oil, gas and coal from its proposed deal. A draft text for a deal for this year's U.N. climate summit, released before dawn on Friday, contained no reference to fossil fuels, dropping entirely a range of options on the subject that had been included in an earlier version. The issue has been one of the most contentious at [Read more]
Oil extends decline on possible Russia-Ukraine peace deal
Oil prices extended their decline for a third straight session on Friday as the U.S. pushed for a Russia-Ukraine peace deal that could bring more oil supplies onto the global market, while uncertainty over U.S. interest rate cuts curbed investor risk appetite. Brent crude futures fell 71 cents, or 1.12%, to $62.67 a barrel by 0212 GMT after slipping 0.2% in the previous session. U.S. West Texas Intermediate crude was at $58.29 a barrel, down 71 cents, or 1.20%, after closing 0.5% lower on [Read more]
Tuktu Resources Ltd. Announces Third Quarter 2025 Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025, as well as an operations update. Selected financial and operating information should be read in conjunction with Tuktu's unaudited interim condensed financial statements and related management's discussion and analysis ("MD&A") for the three and nine [Read more]
AtkinsRéalis Canada president says Quebec mentality around pipelines changing
CALGARY - The head of AtkinsRéalis Group Inc.'s Canadian division is expressing optimism that Quebec would be receptive to a new pipeline through a province that staunchly opposed the now-defunct Energy East proposal about a decade ago. "The mentality is changing," Stéphanie Vaillancourt told a business audience in Calgary on Thursday. "It's important to talk about it much more...We are very lucky as Canadians to have so much natural resources." AtkinsRéalis, the Montreal-based [Read more]
Pine Cliff Energy Ltd. Announces Closing of Asset Disposition
Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it has completed the disposition of certain assets in the Central area for gross cash proceeds of $15.0 million before closing adjustments as previously described in the Pine Cliff press release dated November 5, 2025. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating [Read more]
Birchcliff Energy Ltd. Receives TSX Approval for Renewal of Normal Course Issuer Bid
CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB”). The NCIB allows Birchcliff to purchase up to 26,769,197 common shares, which is equal to 10% of Birchcliff’s public float of 267,691,970 common shares as of November 13, 2025. On November 13, 2025, Birchcliff [Read more]
Venezuela approves 15-year extension of Russia-linked oil joint ventures
Venezuela's National Assembly on Thursday approved a 15-year extension of the joint ventures between state company PDVSA and a unit of Russia's Roszarubezhneft that operate two oilfields in the South American country's western region, according to a session broadcast on TV. The partnerships may continue operating the Boqueron and Perija oilfields through 2041 with the goal of producing some 91 million barrels or 16,600 barrels per day of crude, said lawmakers before approving the extension. The [Read more]
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