Headlines

Cuba's national power grid collapsed on Tuesday, the energy ministry said, marking the third major blackoutin nine days on the island of about 10 million people. "There has been a total disconnection of the electrical system," the ministry said on social media. The frequent outages come as a U.S.-imposed oil blockade has crippled the island's already aging energy infrastructure. U.S. President Donald Trump imposed an oil blockade on the Caribbean island after Washington deposed Venezuelan [Read more]

U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz, and said he would instead take trade and investment deals with the Gulf states. The change of plan comes a day after Trump proposed charging a 20% fee to guard the waterway. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf [Read more]

As the Pad Electrification era in the Canadian Energy Sector expands, so too are the sizes of mobile Natural Gas Turbines available for D and C Operations. As of this year, Evolution Power will be deploying a mobile 3.2MW Natural Gas Turbine (the equivalent to approximately 4300 HP of diesel power) for remote upstream operations. Historically, heavy-duty diesel reciprocating generators served as the standard choice for remote pad power due to their portability and rapid transient response. [Read more]

Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures were last up $1.50, or 1.8%, to $84.80 per barrel at 0330 GMT, while U.S. West Texas Intermediate crude rose $1.70, or 2.2%, to $79.84 a barrel. Both contracts earlier rose more than $2 a barrel before paring some gains, while Brent had surged [Read more]

One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway. The ministry said the tankers, the Mombasa and Al Bahiyah, were targeted in the southern lane of the strait while in Omani territorial waters. The dead crew member was aboard the Mombasa, it said. Of the eight wounded, four [Read more]

U.S. President Donald Trump has sent Congress formal notification that hostilities against Iran resumed on July 7, a letter his administration sees as opening a new 60-day window to use the military in the region without congressional approval. "I directed this military action consistent with my responsibility to protect Americans and United States' national security and foreign policy interests," Trump said in the letter, dated July 10, and seen by Reuters on Monday. The letter outlines [Read more]

President Donald Trump told reporters on Monday that the United States was attacking Iran's capabilities related to the Strait of Hormuz, amid renewed military action between the two countries. The U.S. military said on Monday it was launching fresh strikes against Iran but Trump told reporters at the Oval Office on Monday that he had not decided that a negotiated settlement could not be reached with Tehran. Trump also said that it could be that there are Iranian drones in Cuba. "If [Read more]

CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation announced today that Alice Wong has advised the Company that she will step down from the Board of Directors, effective immediately. Ms. Wong has served as a director since 2024 and has been a member of the Audit Committee, the Human Resources and Compensation Committee, and the Health, Safety, Environment Council. “We sincerely thank Alice for her dedicated service to the Company and our shareholders,” said [Read more]