U.S. natural gas futures slid about 4% on Friday to a 17-month low, on forecasts for the weather to remain mild and demand low through early May, allowing energy firms to keep injecting more gas into storage than usual for this time of year. Front-month gas futures for May delivery on the New York Mercantile Exchange fell 9.1 cents, or 3.5%, to settle at $2.523 per million British thermal units (mmBtu), their lowest close since October 29, 2024. The front-month contract was in technically [Read more]
Headlines
What you need to know about the new Enbridge LNG pipeline approval
OTTAWA - The federal government announced Friday it has approved Enbridge Inc.’s $4-billion Sunrise natural gas pipeline project in British Columbia. Here's a quick rundown of the project and why it's important. What is the Sunrise Expansion Project? The Westcoast Energy Limited Partnership, an affiliate of Enbridge, runs the Westcoast natural gas pipeline system, which connects gas fields in northeastern B.C. and northwestern Alberta to the Canada-U.S. border. It currently has peak [Read more]
SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply
Top oilfield services companies SLB and Baker Hughes said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by the Middle East conflict highlight the need for investment, particularly in North America. The U.S.-Israeli war with Iran has halted 20% of the world's oil that usually flows through the now-closed Strait of Hormuz and shut in 9 million barrels a day of oil production, causing Asian and European countries to scramble for supplies. [Read more]
US drillers add oil and gas rigs for first time in three weeks, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, 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 one to 544 in the week to April 24, its highest since mid-April. Despite the rig increase, Baker Hughes said the total count was still down 43 rigs, or 7% below this time last year. Baker Hughes said oil rigs fell by three to 407 this week, [Read more]
Government approves Enbridge’s Sunrise natural gas pipeline expansion project
CALGARY - Federal Natural Resources Minister Tim Hodgson says the government has approved Enbridge Inc.'s $4-billion Sunrise project in B.C. The plan will see an expansion of the company's Westcoast natural gas pipeline system. The project includes the addition of about 139 kilometres of new pipeline by constructing 11 pipeline looping segments, parallel to the existing line. It will add up to 300 million cubic feet per day of transportation capacity on B.C.'s major natural gas [Read more]
The Government of Canada approves the Sunrise Expansion Program
TORONTO, April 24, 2026 /CNW/ - In a time of uncertainty, the federal government is positioning Canada as a secure energy superpower at home and abroad. In support of this objective, today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that the Government of Canada has approved the Sunrise Expansion Program in British Columbia. The $4-billion natural gas expansion of Enbridge's Westcoast pipeline system will help meet growing energy needs in the province [Read more]
ROK Resources Files 2025 Financial Results and Management Discussion & Analysis
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / April 24, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) announces the Company has filed its Annual Financial Results and Management Discussion & Analysis for the year ended December 31st, 2025. 2025 Financial and Operating Highlights Working Capital Surplus: Adjusted Net Surplus of $4.5 million, as compared to $10.6 million of Adjusted Net [Read more]
S&P Global Announces New Strategic Direction for Upstream Energy Business
Divests its geoscience and petroleum engineering software portfolio to global technology firm SLB in order to sharpen focus on proprietary data and insights Launches Titan, a new customer facing AI-powered platform for upstream data and insights Partners with SLB to distribute S&P Global Energy data and develop new tools NEW YORK, April 24, 2026 /PRNewswire/ -- Today, S&P Global announced strategic innovations and changes to its upstream energy business, beginning with a [Read more]
US exporters are plugging a Qatar-sized LNG supply hole – for now: Maguire
U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. The on-again, off-again peace talks with Iran mean that the repair of damaged Qatari liquefied natural gas export sites remains a distant prospect, and could result in a years-long dent to supplies from the world's third-largest producer. The attacks wiped [Read more]
Tanker HELGA arrives at Iraq’s Basra terminal to load crude, second since Hormuz closure, say sources
Oil tanker HELGA, sailing under the flag of Comoros, arrived at one of the offshore oil loading terminals in Iraq's southern Basra port on Friday and was preparing to load 2 million barrels of crude, two port sources said. The vessel is the second tanker to reach Basra's southern offshore terminals since the closure of the Strait of Hormuz, the sources added. (Reporting by Mohammed Aref; Editing by Susan Fenton) [Read more]
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