Chinese state-owned oil and gas major CNOOC sees potential for energy cooperation between China and the United States, its CEO said on Thursday, adding that the company would consider investments alongside U.S. partners in the future. * China was a buyer of U.S. oil and gas until Beijing imposed tariffs on the products during last year's trade war. While relations have improved since then, the tariffs remain in place and the energy trade is mostly frozen. * During President Donald Trump's [Read more]
Headlines
White House says no negotiations with Iran, all options on table
The United States and Iran are not currently in talks to end the war as Washington focuses on pressuring Tehran economically, but all options remain "on the table," White House press secretary Karoline Leavitt said in an interview with Fox News on Thursday. "What President Trump's number one goal has been and will always be is to ensure that Iran can never obtain a nuclear weapon. Period. And so we've had Operation Epic Fury to destroy their military. Now we have Operation Economic Outcast to [Read more]
Enbridge, KKR form joint venture to invest in Westcoast natural gas pipeline
Canadian energy company Enbridge said on Thursday it had agreed to form a joint venture with KKR and Apollo to invest about C$2.7 billion in expansions of its Westcoast natural gas pipeline system in British Columbia. KKR and Apollo are investing alongside Enbridge as demand for natural gas infrastructure in Western Canada and the U.S. Pacific Northwest grows, while the Westcoast system also provides a route to international LNG markets. Under the agreement, the two investment [Read more]
SECURE sets election deadline for the GFL transaction
Registered Shareholders who wish to make an election with respect to their preferred form of consideration to be received in connection with the Transaction must deliver their completed Letter of Transmittal and Election Form and other required documents to the Depository by Monday, August 31, 2026 at 5:00 p.m. (Calgary Time) Beneficial Shareholders who wish to make an election should contact their broker, bank or other Intermediary as soon as possible for [Read more]
Enbridge and KKR Announce New Joint Venture to Support Investment in the Westcoast Pipeline System in BC
C$2.7 billion transaction led by KKR in collaboration with Apollo to fund Aspen Point and Sunrise Expansion Programs CALGARY, AB, Aug. 27, 2026 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with KKR to form a new joint venture, subject to the satisfaction of customary closing conditions, led by capital accounts advised by KKR, in collaboration with funds and affiliates managed by Apollo. The joint venture will [Read more]
Coelacanth Announces Q2 2026 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 531% to 7,632 boe/d in Q2 2026 from 1,210 boe/d in Q2 2025. Increased adjusted funds flow 1,889% to $10.7 million in Q2 2026 from adjusted [Read more]
After six months, the Iran war has reached its endgame – a costly stalemate
The Iran war has reached its endgame: a costly stalemate. Six months after U.S. and Israeli forces attacked Iran, killing its supreme leader and maiming his son and successor, the Iranian government is under economic siege, but it still holds power and believes it has time on its side. A threat by U.S. President Donald Trump to impose crippling new sanctions on Iran faces a fundamental problem: Tehran is betting he will not take the final step to break the stalemate - aggressively [Read more]
OPEC+ loses oil market sway in Iran war as China gains influence
Six months into the Iran war, the world's most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape. The war, which has shut a major export route for Middle Eastern oil and damaged energy infrastructure in several OPEC countries, has eroded the group's market share and, with it, its ability to affect prices. Its statements and policy decisions barely move oil markets anymore. Instead, cuts in Chinese crude imports have [Read more]
Asia’s crude oil imports stay soft in August, challenging US Hormuz claims: Russell
Asia's imports of crude oil in August are still well short of levels prior to the start of the Iran conflict, raising further questions as to just how much crude is actually leaving the Middle East. The top-importing continent is expected to see arrivals of 23.12 million barrels per day (bpd) in August, slightly down from July's 23.36 million bpd, according to data compiled by commodity analysts Kpler. Imports are also almost 4 million bpd, or 14%, down from the average of 26.91 million [Read more]
Sempra begins permitting process for major LNG expansion in Texas
Sempra Energy's unit Port Arthur LNG has started the federal permitting process for a major expansion of its liquefied natural gas export operations in Southeast Texas, according to a regulatory filing made on Wednesday. The proposed Port Arthur LNG North Project would add four liquefaction trains capable of producing up to 27 million metric tons per annum (mtpa) of LNG, significantly expanding the company's export footprint on the U.S. Gulf Coast, the filing showed. According to the [Read more]
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