U.S. Energy Secretary Chris Wright said he would talk to U.S. refiners on Monday about ways to boost fuel production in an effort to lower gasoline prices that remain stubbornly high in the wake of the U.S.-Israeli war on Iran. U.S. refiners are already running at high rates as strong fuel prices have lifted margins. "The United States refineries are running at record high, but we have refineries in the Middle East that are turned down," Wright told reporters. "So I'll be talking later [Read more]
News
Oil stocks in US Strategic Petroleum Reserve fall by 5.3 million barrels to lowest level since 1982
Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 5.3 million barrels to 293.4 million barrels last week, the lowest level since December 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Arathy Somasekhar in Houston) [Read more]
First Nations Lead Kino Aski LNG – A Major Canadian Energy Project
MONTREAL, Aug. 17, 2026 /CNW/ -- Kino Aski Inc. and Marinvest Energy Canada Inc. announced today the joint development of Kino Aski LNG, a First Nations–led energy corridor and liquefied natural gas (LNG) project designed to supply Europe with competitive, low–carbon Canadian energy. The project is based on an innovative partnership model where Kino Aski Inc. holds a majority ownership interest in the project development company, Kino Aski LNG Inc., while Marinvest Energy Canada Inc. holds a [Read more]
WhiteWater-led venture approves Permian-to-Texas gas pipeline project
Infrastructure company WhiteWater and its joint venture partners Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (FID) to build two natural gas pipelines from the Permian Basin to Katy, Texas. The Permian Basin, the largest oil-producing region in the U.S., has seen steady growth in associated natural gas production in recent years, spurring investment in new pipeline infrastructure to move gas to key demand [Read more]
CanAsia Announces Entering into Definitive Agreement for the Sale of the Sawn Lake Heavy Oil Project in an All-Cash Transaction
CALGARY, AB, Aug. 14, 2026 /CNW/ -- CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) is pleased to announce that it has entered into a definitive share purchase agreement dated August 14, 2026 (the "Agreement") with an arm's length Alberta corporation (the "Purchaser") pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding shares of Andora Energy Corporation ("Andora") from CanAsia (the "Transaction"). The completion of the Transaction is subject to [Read more]
Integrating The Delaware Basin: Devon Energy Reaches Final Investment Decision on Solitude Pipeline System
Investment extends Devon’s integrated Delaware Basin model – capturing value from the wellhead to the demand center HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced a positive Final Investment Decision (“FID”) on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, TX. Solitude is the latest in a deliberate series of steps Devon has taken to [Read more]
US banks lending commitments signal confidence in AI capex cycle sustainability, KBW says
** KBW says last week's major capital commitments from U.S. big banks linked to domestic infrastructure and AI build out signal confidence in the sustainability of the capex cycle ** Bank of America pledged $250 billion for US infrastructure financing and Morgan Stanley launched a $1.5 trillion infrastructure initiative ** Elsewhere, Nvidia partnered with Wall Street giants including Goldman Sachs to establish AI infrastructure financing platforms to mobilize over $500 billion ** "We [Read more]
Solitude Pipeline System reaches final investment decision to transport gas from the Permian Basin to the Gulf Coast
AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN), MPLX LP (NYSE: MPLX), Diamondback Energy, Inc. (NASDAQ: FANG) and Western Midstream Partners, LP (NYSE: WES), through their Solitude Pipeline System joint venture ("Solitude"), have reached a positive Final Investment Decision ("FID") to construct two 48-inch natural gas pipelines, each running from the Permian Basin to Katy, TX. The project has secured substantial [Read more]
Oil shock’s bigger problem is at the refinery
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen LONDON, Aug 17 (Reuters Breakingviews) - The oil crisis is becoming a tale of two barrels. Brent crude, at around $88 a barrel, is nearly a third below the $126 it touched at the height of the Iran war. Any peace deal, or a reopening of the Strait of Hormuz, could send it lower still. But prices for the fuels made from it have fallen much less. That leaves consumers with higher costs and [Read more]
Surge Energy Inc. confirms September 2026 dividend
CALGARY, AB, Aug. 17, 2026 /CNW/ -- Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2026, in respect of August 2026 production, for the shareholders of record on August 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash [Read more]
- « Previous Page
- 1
- …
- 67
- 68
- 69
- 70
- 71
- …
- 3880
- Next Page »