Canada will invest an additional C$1.2 billion to protect marine life and strengthen conservation enforcement in the face of increasing tanker traffic, Prime Minister Mark Carney said on Tuesday. The money will help improve seabed mapping, weather forecasting and the capacity to monitor marine traffic, he told reporters in Vancouver. (Reporting by David Ljunggren, editing by Caroline Stauffer) [Read more]
Headlines
Plains All American Pipeline and Plains GP Holdings Announce Appointment of New Chief Operating Officer
HOUSTON, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced that Dean Liollio has been appointed to serve as Executive Vice President and Chief Operating Officer of Plains effective as of October 2, 2026. Mr. Liollio replaces Chris Chandler, the current EVP and COO, who is resigning from Plains to pursue other interests and not due to any disagreement relating to the company’s operations, [Read more]
Record supply, strong El Nino seen weighing on US natgas prices this winter
US natural gas is expected to be cheaper this winter than last, with a strong El Nino weather pattern curbing demand and ample production keeping supplies well balanced, analysts said. Lower gas prices during peak heating months of December to February could ease heating costs and help contain electricity prices, offering some relief to consumers as broader inflationary pressures persist. About 40% of US power generation comes from gas-fired plants. Gas futures contracts on the New York [Read more]
Prime Minister Carney welcomes LNG Canada Phase 2, the second-largest single private investment in Canadian history
VANCOUVER, BC, Sept. 29, 2026 /CNW/ -- In a more dangerous and divided world, a confident Canada is choosing to build. We are accelerating major projects – new ports, mines, energy and trade corridors – that will responsibly unlock our resources, connect our economy, and get our exports to markets around the world faster. We are changing the way we build through the Building Canada Strong Act to give investors certainty and get shovels in the ground sooner, while maintaining Canada's high [Read more]
BP proposes six-year labor contract at Whiting refinery
BP said on Tuesday it is proposing a six-year labor contract for workers at its 440,000-barrel-per-day Whiting refinery in Indiana as negotiations with United Steelworkers (USW) Local 7-1 continue. * The company said the six-year term would provide stability for the refinery and employees. * "6-year term would give you certainty in your pay, your benefits, and your working conditions for years," BP said. * The final two years of the proposed agreement would match future National Oil [Read more]
US to release 40 million barrels of crude from Strategic Petroleum Reserve, Energy Department says
The US Government said on Tuesday it is offering to loan energy companies up to 40 million barrels of oil from the Strategic Petroleum Reserve, the last US batch of crude from a global deal to unleash reserves in the wake of the war on Iran. Washington agreed in March to loan 172 million barrels of oil from the SPR as part of a wider deal with about 30 countries in the International Energy Agency to release 400 million barrels from reserves around the world. In June, the US offered to loan [Read more]
BP appoints Ben Monaghan as M&A chief from early 2027
BP has appointed former JPMorgan banker Ben Monaghan as senior vice president for mergers and acquisitions and business development from early 2027, a BP spokesperson said on Tuesday. Meg O’Neill, who became CEO in April, has prioritised a more disciplined approach to investment, saying decisions must be rooted in profitability, cash generation and market realities. The group has continued to pursue divestments as part of its drive to become more profitable. Sam Skerry led BP's mergers and [Read more]
GeoPark to invest $7 billion to lift output at Venezuelan oilfield
Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday. With 15.7 billion barrels of original oil in place, Bare will mark GeoPark's entrance into Venezuela, following a 25-year production-sharing agreement signed with the government earlier this month. The company plans to begin [Read more]
July GDP was flat despite construction, utilities gains: StatCan
OTTAWA - Statistics Canada said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy. The agency said the result came despite a 1.3 per cent gain for the construction sector in July, which marked its fourth consecutive month of growth after declines in late 2025 and early 2026. Non-residential building construction saw its best month since the start of 2022, StatCan said, owing primarily to activity around a new hospital [Read more]
CAPP Statement: LNG Canada Phase 2 decision shows that Canada is ready to become an energy superpower
"The Canadian Association of Petroleum Producers (CAPP) congratulates LNG Canada and its partners on reaching a final investment decision for Phase 2, marking another historic milestone for Canada's growing LNG export industry. Amid intensifying global competition, this decision sends a powerful signal Canada is a destination for world-scale investment and our country is ready to build major projects that will strengthen our economy, diversify our trading relationships, and enhance our role [Read more]
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