A group of Republican and Democratic U.S. senators introduced legislation on Friday that would expand sanctions against Russian energy, specifically by targeting a collection of older oil tankers the lawmakers say are used to dodge existing U.S. energy sanctions. The "Sanctioning Harbors and Dodgers of Western Sanctions," or SHADOW Fleets Act comes as President Donald Trump has said he wants to discourage countries from purchasing Russian oil, which fuels Russia's economy and helps pay for its [Read more]
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US files court statement to support Enbridge in Michigan pipeline case
The Trump administration has sided with Canadian pipeline operator Enbridge in its legal battle against Michigan, filing a court statement last week that challenges the state's efforts to shut down the Line 5 oil pipeline. Enbridge has been locked in a long-running dispute with Michigan over the aging Line 5 pipeline, which ships 540,000 barrels per day of crude and refined products from Superior, Wisconsin, to Sarnia, Ontario. The Calgary-based company is proposing to build a roughly 4-mile [Read more]
Cenovus CEO defends MEG Energy bid, which is ‘fair and final’
The CEO of Canada's Cenovus Energy pushed back on Friday against criticisms of his company's bid for rival oil sands producer MEG Energy, telling Reuters the offer is fair and final. Jon McKenzie made the comments a day after Cenovus issued a slide deck advocating for its cash-and-stock offer for the company. Cenovus' offer, made in August, would combine MEG's Christina Lake operations with Cenovus' adjacent assets, creating one of Canada's largest oil sands companies producing more than [Read more]
US drillers add oil and gas rigs for third week in a row, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since February, 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 three to 542 in the week to September 19, its highest since July. Despite this week's rig increase, Baker Hughes said the total count was still down 46 rigs, or 8% below this time last year. Baker Hughes said oil rigs rose by [Read more]
US Northeast electricity imports from Canada drop, EIA reports
Electricity imports from Canada into New York Independent System Operator (NYISO) and Independent System Operator New England (ISO-NE) have dropped due to drought conditions in Canada and lower U.S. Northeast electricity demand, the U.S. Energy Information Administration (EIA) said in a report on Friday. The EIA noted that from January to August 2025, imports into New England's ISO-NE averaged less than 40% of 2022 levels, while imports into New York's NYISO fell to 25%. Canadian hydropower [Read more]
Trump admin gives China ‘free pass’ on Russian LNG, Democratic senators say
Democratic U.S. senators urged Trump officials on Friday to resume targeted sanctions on Russian energy supplies, saying the administration is allowing China to buy shipments of Russia's liquefied natural gas which helps support the war on Ukraine. President Donald Trump has said he is frustrated with Russian President Vladimir Putin's failure to reach a peace agreement with Ukraine. But Trump has refrained from putting direct sanctions on Russian energy entities in his second term. [Read more]
Movember’s Oil Rig Rumble: Uniting Canada’s Energy Industry for Men’s Health
The energy industry knows what it means to come together to get the job done — whether it’s tackling challenges in the field or pushing innovation forward. But there’s one challenge we can’t afford to overlook: the health and wellbeing of the people who power this industry. Across Canada, men are facing serious health risks that too often go undetected or unspoken about. For an industry where over 75% of the workforce is male, this isn’t just a health issue — it’s a workforce issue. [Read more]
Cenovus Energy makes case for MEG Energy offer over bid by Strathcona Resources
CALGARY - Cenovus Energy Inc. says its cash-and-stock bid for MEG Energy Corp. offers a premium valuation and certainty over a rival all-stock offer for the oilsands company by Strathcona Resources Ltd. In a presentation advocating for its friendly deal, Cenovus says it brings scale, experience and technology to capture meaningful synergies with MEG. It argues the Strathcona deal carries significant downside risk if that company's shares drop once the deal is complete. The MEG board has [Read more]
Citi sees Brent crude at $60 by year-end as OPEC+ ramps up production
Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China's stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million barrels per day (mb/d) of voluntary cuts starting in October 2025. Citi said that could lead to stock builds of 1.1 mb/d in 2025 and 2.1 mb/d in [Read more]
How Canada’s Haisla became the world’s first Indigenous LNG owners
When Maureen Nyce, the new chief of the Haisla First Nation, donned a hard hat and safety vest for an August visit to the site of the Cedar LNG pipeline, she did so not as a visiting dignitary or cultural emissary - but as an owner. The Haisla - who have occupied territory on Canada's Northwest coast for 9,000 years - own a 50.1% equity stake in the $4-billion Cedar LNG export project near the town of Kitimat, British Columbia. Calgary-based Pembina Pipeline owns the remainder. The world's first [Read more]
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