WINNIPEG - Manitoba's premier says studies showing year-round shipping potential from the Port of Churchill boost the case for expanding the Arctic deepsea port. Wab Kinew says the studies address a key concern from shippers and will help attract investment. The studies suggest that advances in marine technology and declining sea ice due to climate change mean shipping can be greatly expanded from the current four-month window. They also show the waterways could be navigated year-round [Read more]
Headlines
US energy firms cut rigs for first time in four weeks, says Baker Hughes
U.S. energy firms this week cut the number of rigs operating for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, fell by five to 588 in the week to August 21. Baker Hughes said the total count was still up 50 rigs, or 9.3%, from this time last year. Baker Hughes said oil rigs fell by three to 452 this week, while gas rigs fell by one to 127 and other [Read more]
Why is Trump talking about the Keystone XL oil pipeline?
A social media post by U.S. President Donald Trump declaring that the Keystone XL oil pipeline "may be awoken from the grave" attracted attention this week in the midst of U.S.-Canada trade talks. Below is a look at the history of that project running through parts of Canada and the U.S., as well as details on the new oil pipeline proposal that follows a slightly different route: WHAT IS KEYSTONE XL? Keystone XL was a proposed crude pipeline, roughly 1,900 km (1,181 miles) long, which would [Read more]
InPlay Oil Corp. Announces Closing of Highly Accretive Acquisition
CALGARY, AB, Aug. 21, 2026 /CNW/ -- InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce the closing of its previously announced acquisition of a private oil and gas producer for cash consideration of $54.25 million, prior to closing adjustments (the "Acquisition"). Further details regarding the Acquisition can be found in InPlay's press release dated August 5, 2026. The Acquisition adds approximately 1,400 boe/d(1) (85% [Read more]
Tankers stack up as Venezuela sells oil faster than its ports can handle
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents. The delays are putting roadblocks on a U.S. plan to quickly boost Venezuela's oil exports following a flagship pact with global trading houses. The fight for infrastructure looks likely to intensify as [Read more]
Iranian oil offers to Chinese buyers fall as US blockade bites, sources say
Offers of Iranian crude to Chinese buyers have declined and prices have jumped this week as the U.S. blockade has cut Tehran's shipments, according to trade sources, with the threat of more sanctions from Washington looming. The U.S. re-imposed its blockade of Iran's shipping and ports on July 13 as a deal to halt the war between them broke down in an attempt to cut off oil sales — Tehran's primary source of hard currency — compounding earlier losses from wartime strikes on its energy [Read more]
Oil set for second weekly rise as unsettled US-Iran war crimps supply
Oil prices fell slightly on Friday, but were on track for a second weekly rise as the stalemated U.S.-Iran war continues to disrupt supply from the key Middle East producing region. Brent crude futures fell 23 cents, or 0.3%, to $93.55 a barrel by 0142 GMT, after climbing 2.4% in the previous session. U.S. West Texas Intermediate crude futures slipped 33 cents, or 0.4%, to $86.50 a barrel, after rising 2.3% in the prior session. During the previous five days of gains, Brent gained more [Read more]
Ships passing through Hormuz hover in single digits, data shows
Seven commodity ships sailed along the Strait of Hormuz on Thursday, just half the previous day's tally, showed data from shiptracker Kpler, amid concern over risk to Middle East shipping as U.S.-Iran peace talks remain in limbo. Of the total, four ships entered and three exited the waterway, which was used by nearly a fifth of global shipments of crude oil and liquefied natural gas before war began in February. The seven did not include any very large crude carriers or liquefied natural [Read more]
First gas from Australia’s Beetaloo puts shale ambition to the test
Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the country's own U.S.-style shale revolution. The prospects for the Beetaloo are vast. Geoscience Australia data shows it holds 7 trillion cubic feet of gas, fuelling local government dreams it will power data centres in the underdeveloped Northern Territory and feed liquefied natural gas sales to Asia from the world's [Read more]
TSX edges lower as oil prices creep higher, U.S. stocks also negative
TORONTO - Canada’s main stock index edged lower Thursday while U.S. markets also lost ground as geopolitical concerns sent oil prices higher. Uncertainty continues over the U.S. war with Iran and when oil tankers will once again be able to freely exit the Persian Gulf. U.S. President Donald Trump threatened Iran with “the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY” late Wednesday but provided few details. The October crude oil contract was up US$2.44 at US$86.83 per [Read more]
- « Previous Page
- 1
- …
- 46
- 47
- 48
- 49
- 50
- …
- 3865
- Next Page »