CALGARY, AB, July 22, 2025 /CNW/ - Enbridge Inc. (Enbridge or the Company) announced that it has reached a final investment decision on Clear Fork, a 600 MW solar project in Texas. Clear Fork will be a utility scale solar facility located near San Antonio, with 600 MW of capacity. Construction is underway, and the facility is expected to enter in service during the summer of 2027. Meta Platforms, Inc., has signed a long-term contract for 100% of the renewable output of the project. Enbridge's [Read more]
News
Holes in EU Russia sanctions put attention back on Trump oil threat: Bousso
(Repeats column, text unchanged. The opinions expressed here are those of the author, a columnist for Reuters.) *EU sanctions unlikely to impact Russia's oil revenue severely *India and China may continue buying discounted Russian crude *Trump's secondary sanctions could pressure Russia but risk global oil price surge By Ron Bousso LONDON, July 22 - The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. [Read more]
Halliburton profit slumps on weak North America, Middle East drilling demand
Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The company had flagged a second-quarter earnings impact from President Donald Trump's tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak oil prices. "Oilfield services market will be softer than I previously expected over the short to medium term," Halliburton CEO [Read more]
High imports, soft summer demand weigh on US gasoline
U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather events dampens fuel demand and a jump in imports fills inventories. Gasoline prices have been in a lull in recent months, a boon for Americans traveling this summer. Consumers endured record prices at the pumps after Russia's 2022 invasion of Ukraine upended energy markets. Gasoline prices fell 8.3% over the 12-month period ended June, the latest Consumer Price [Read more]
Global oil and gas emissions standard put on pause after Shell, others walk away, FT says
Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday. Shell, Norway's Aker BP and Canada’s Enbridge have all quit the expert advisory group of Science-Based Targets initiative since late last year, the FT said. The Science-Based Targets initiative is a leading assessor of company climate [Read more]
Oil falls as trade war concerns increase worries about fuel demand
Oil prices declined on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity weighed on investor sentiment. Brent crude futures fell 52 cents, or 0.75%, to $68.69 a barrel by 0325 GMT. U.S. West Texas Intermediate crude was at $66.69 a barrel, down 51 cents, or 0.76%. Both benchmarks settled slightly lower on Monday. The August WTI contract expires on Tuesday and the more active [Read more]
Taiwan’s CPC denies ‘specific’ US shale gas acquisition talks
Taiwan's state-owned energy company CPC Corp said it is not in talks for "specific" shale gas fields in the United States, but it does not rule out any prospective partners and will make the most favourable decision based on its own evaluations. CPC is in early stage discussions to buy shale-gas producing assets in the United States, three sources familiar with the matter told Reuters earlier this month, in a bid to secure natural gas supplies to fuel Taiwan's economy. In a statement late [Read more]
Global investment in fusion energy rises the most since 2022
Global fusion energy investment grew by $2.64 billion in the year since last July, an industry group said in an annual industry survey on Monday, but companies said they need much more money to take the industry commercial. The investment rise took place in places including the United States, the EU, Japan, China and Britain and was the highest since 2022. Total funding since 2021 for the 53 fusion companies in the survey by the Washington-based Fusion Industry Association, is now nearly [Read more]
How geology can make Canada an energy superpower
Vast geological riches underpin Canada’s immense energy potential By Brad Hayes on July 21, 2025, 10:57 am MDT Geological core samples of bitumen resources located at the Alberta Energy Regulator’s Core Research Centre in Calgary. Photo courtesy AER We hear about Canada’s aspirations to become an “energy superpower” a lot these days. Easy to say, but what does it really mean? And if Canada can indeed become an energy superpower, how can we achieve that status? Energy is at the [Read more]
Strathcona Announces Q2 2025 Conference Call
CALGARY, AB, July 21, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) will release its second quarter 2025 financial and operating results after market close on August 7, 2025. Strathcona will host a conference call on August 8, 2025, starting at 9:00AM MT (11:00AM ET), to review the Company's second quarter 2025 results. Date: Friday, August 8, 2025 Time: 11:00AM ET (9:00AM MT) URL Entry: To join without [Read more]
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