Chevron will more than double the number of oil rigs it operates in Venezuela as part of its five-year plan to increase production in the country, Chief Financial Officer Eimear Bonner said at a Barclays conference on Tuesday. Last week, the U.S. oil major said its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The company has long maintained its presence despite years of political upheaval, and the [Read more]
Headlines
Oil stocks in US Strategic Petroleum Reserve fall by 1.2 million barrels to lowest level since 1982
Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 1.2 million barrels to 285.4 million barrels last week, the lowest level since November 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 Pablo Sinha in Bengaluru, Editing by Franklin Paul) [Read more]
In Australia’s shale patch, Americans bring money, tech and lessons learned
The developers of Australia's Beetaloo Basin are bringing in U.S. equipment, money, expertise and - they hope - U.S.-style scale and efficiencies to reduce costs and make the country's first shale gas project economically viable. The Beetaloo shale formation, which delivered its first gas this month, is often compared with the prolific Marcellus shale in the U.S., but its remoteness deep in the Northern Territory means billions of dollars will be needed to build pipelines. The [Read more]
Enbridge Announces Retirement of Greg Ebel and Names Michele Harradence as President and Chief Executive Officer, Effective January 1, 2027
CALGARY, AB, Sept. 8, 2026 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced that Greg Ebel will retire as President and Chief Executive Officer effective December 31, 2026, and that Michele Harradence has been appointed to succeed him as President and Chief Executive Officer and to the Board of Directors effective January 1, 2027. Ms. Harradence is currently Enbridge's Executive Vice-President and President, Gas Distribution and Storage. Mr. Ebel will remain a member of the Board [Read more]
Enbridge CEO Greg Ebel to retire at end of year, Michele Harradence named next CEO
CALGARY - Enbridge Inc. says chief executive Greg Ebel will retire at the end of this year and be succeeded by Michele Harradence, who currently leads the company's gas utilities business. Harradence, Enbridge's executive vice-president and president of gas distribution and storage, will become chief executive effective Jan. 1. The company says Ebel will serve as an adviser to the board and Harradence from January until May 2027. Harradence has led Enbridge's gas utilities since 2022 and [Read more]
JPMorgan hires senior CPPIB executive as bank expands in Canadian equities
JPMorgan Chase has hired Canada Pension Plan Investment Board's head of equities trading Chris Finora to lead its Canadian Cash Equities Trading franchise, the bank told Reuters, as it expands its equities platform to capture growing investment opportunities in Canada. Finora joins JPMorgan in Toronto this month after about two years at CPPIB and 27 years at TD Securities. JPMorgan, the largest U.S. lender, has hired 18 executives and managing directors in Canada in the past year, increasing [Read more]
Lookout Butte/Waterton, Alberta: Royalty Divestiture
Sayer Energy Advisors has been engaged by a royalty holder (the “Royalty Holder”) to assist the Royalty Holder with the sale of its royalty interests, consisting of gross overriding royalty (“GORR”) interest, located in the Lookout Butte/Waterton area of southern Alberta (the “Property”). The GORR was acquired by the Royalty Holder in consideration for the exchange of outstanding debt owed by the former working interest owner. The Property consists of a 3.0% GORR interest on the [Read more]
Bad credit blues: It’s complicated
One of the greatest financial lessons or benefits I ever received was long ago in university when RBC started handing out credit cards to students. Look at me, I’m an adult! I would think, as I slapped it down in the pub. The beauty of the card was that it had a $500 limit, because banks aren’t stupid. But young people certainly can be. For a young person learning their way in the financial world, that chained beast was the best possible introduction to credit, ever. The first month of [Read more]
Tourmaline Files Early Warning Report
CALGARY, AB, Sept. 8, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") announces the filing of an early warning report (the "Early Warning Report") pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Between June 1, 2026 and September 8, 2026, Tourmaline completed two minor acquisitions (together, the "Acquisitions") in both the BC Montney and Alberta Deep Basin gas complexes to [Read more]
Rubellite Energy Corp. announces disposition of East Edson natural gas assets
CALGARY, AB, Sept. 8, 2026 /CNW/ -- Rubellite Energy Corp. ("Rubellite", or the "Company") is pleased to announce that it has sold its 50% non-operated working interest in the East Edson natural gas assets in West Central Alberta (the "East Edson Assets") to the third-party operator of the East Edson Assets (the "Purchaser") for total consideration of $67.0 million, satisfied through the delivery by the Purchaser to Rubellite of 2.083 million freely tradeable common shares of Topaz Energy Corp. [Read more]
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