Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East. Across thousands of conversations at this week's APPEC conference in Singapore, the big issue was how to safely and sustainably reopen the Strait of Hormuz. The answer was remarkably consistent. U.S. President Donald Trump needs to back down [Read more]
Headlines
Trump says Iran war to end after US midterm elections, threatens to attack Pickaxe Mountain
President Donald Trump said he expected the war with Iran to end after the November U.S. midterm elections and threatened again to attack a site associated with the Islamic Republic's nuclear programme after the two sides launched their biggest wave of attacks on shipping since the start of the six-month-old war. Tensions in the region were high, with Saudi civil defence authorities on Thursday issuing emergency alerts in the southwest city of Khamis Mushait for the fourth time in 24 hours, [Read more]
China’s EV penetration could reach 80% by 2030, Sinopec researcher says
China's electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world's largest crude oil importer. Sinopec's Economics and Development Research Institute estimates EVs will displace 56 million metric tons, or about 1.2 million barrels per day, of oil demand in China this [Read more]
Prospera Energy Announces Financing Update
Calgary, Alberta--(Newsfile Corp. - September 9, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") Private Placement Update Prospera announces a non-brokered private placement of up to 400,000,000 units at $0.03 per unit for aggregate gross proceeds of up to $12.0 million. The offering carries the same terms announced on August 29th, 2026 and is being filed with the TSX Venture Exchange as a new private placement in accordance [Read more]
US pipeline operator Kinetik exploring potential sale, sources say
U.S. pipeline operator Kinetik Holdings is in the early stages of exploring a potential sale of the company, three sources familiar with the matter said on Wednesday. The company is working with advisers on the process, said the sources, who cautioned that no deal was guaranteed and spoke on condition of anonymity to discuss confidential deliberations. Kinetik focuses on transporting natural gas and crude oil from wells in the Delaware portion of the Permian basin of Texas and New Mexico. [Read more]
Officials break ground on massive carbon capture project in central Alberta
CLIVE - A village in central Alberta is on track to house the country’s largest carbon capture project. Enhance Energy Inc., a carbon management company, says it has broken ground on its Origins project in Clive, Alta., about 140 kilometres south of Edmonton. Operations are slated to begin in January. The Origins carbon capture and storage hub is to initially have capacity to permanently store up to 1.5 million tonnes of carbon dioxide a year. Enhance Energy already operates [Read more]
Enbridge announces US$2.55-billion U.S. pipeline, storage acquisition
CALGARY - Enbridge Inc. is further expanding its reach into the U.S. market with a US$2.55-billion deal to buy the crude oil business of Tallgrass Energy LP. The acquisition includes a 75 per cent interest in the Pony Express Pipeline, a 460,000-barrel-per-day system that connects oil from the Rockies region to Cushing, Okla., a major storage hub. It also gets Enbridge a 51 per cent interest in the Powder River Gateway system, about 8.4 million barrels of storage capacity across nine [Read more]
Enbridge Announces CDN$2.6 Billion Bought-Deal Offering of Common Shares
The Canadian base shelf prospectus is accessible, and the Canadian prospectus supplement or any amendment will be accessible, within two business days through SEDAR+. CALGARY, AB, Sept. 9, 2026 /CNW/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by RBC Capital Markets and CIBC Capital Markets, and including Scotiabank, BMO Capital Markets, TD [Read more]
Enbridge to Acquire Tallgrass’ Crude Transportation Business, Expanding Its Leading North American Crude Oil Franchise
CALGARY, AB, Sept. 9, 2026 /CNW/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with wholly-owned subsidiaries of Tallgrass Energy, LP ("Tallgrass") to acquire its crude oil business which includes: 75% of Pony Express Pipeline (Pony Express), a 1,050-mile, ~460 kbpd crude system connecting Rockies production to Cushing, OK with direct access to ~500 kbpd of refining [Read more]
Conservatives Respond to Canada’s Carbon Capture Storage Announcement
“While the Liberal government is announcing a project to map deposits in the ground, they have still not removed a single anti-development law to get Canadian energy, critical minerals, and metals out of the ground. “Conservatives continue to call on the Carney Liberals to get out of the way and pass our economic action plan to save Canadian jobs and put more money back in Canadians’ pockets. Green-light the 500 projects awaiting federal permits, end the industrial carbon tax, repeal [Read more]
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