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]
Headlines
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]
Canadian Oil Sands Production Expected to Grow for 25th Straight Year, Reaching New Record
Potential shift towards new construction adds upside to longer-term outlook, S&P Global Energy analysis says CALGARY, AB, Sept. 29, 2026 /PRNewswire/ -- Canadian oil sands production is expected to average a record 3.5 million barrels per day in 2026 - a 100,000 b/d (3%) increase from the previous year, according to the latest S&P Global Energy 10-year production outlook. Production is expected to reach 3.9 million b/d by the early 2030s. Since 2001, when annual output was [Read more]
Westgate Energy Inc. Announces Closing of $6.9 Million Bought Deal LIFE Offering
/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Sept. 29, 2026 /CNW/ -- Westgate Energy Inc. (the "Company" or "Westgate") (TSXV: WGT) is pleased to announce that, further to its press releases dated September 15, 2026 and September 17, 2026, it has closed its bought deal private placement offering of 27,540,000 units of the Company (the "Units"), including 1,540,000 Units sold upon the partial [Read more]
News Inoculant
It seems a safe assumption that people are not dealing all that well with the current global state of affairs. Fair enough, there are two significant wars going on, that directly or indirectly involve the world’s superpowers, and that is a fairly reasonable justification for having one’s cage rattled right there. Compounding the problem is society’s modern habit of using those events as a catalyst to fight about absolutely everything. That habit is a natural extension of two big forces at play: [Read more]
Shell-led LNG Canada greenlights Phase 2 expansion, doubling export capacity
Shell and its partners on Tuesday gave the green light to a LNG Canada Phase 2 expansion in Kitimat, British Columbia, a multi-billion-dollar bet that will double the facility's production capacity to 28 million tonnes per annum (mtpa) and put Canada on a trajectory to become one of the world's largest LNG exporters. * The expansion will add two additional liquefaction trains, increasing LNG Canada's total export capacity from 14 mtpa to roughly 28 mtpa. * Shell, which holds a 40% stake in [Read more]
Sour Gas, Tight Specs & Million-Dollar Stakes: How a FEED study supported a producer’s critical decision
Sour reservoirs are becoming the rule, not the exception, and the gas specifications operators must hit to move that gas to market keep getting tighter. Pipeline specifications across North America and global LNG markets are enforcing lower allowable sulfur limits for both H2S and mercaptans, a trend that is especially pronounced anywhere downstream catalysts are prone to sulfur poisoning, such as hydrogen production and petrochemical processing. At the same time, regulators are pushing [Read more]
TC Energy advances Coastal GasLink after LNG Canada decision
TC Energy said on Tuesday its Coastal GasLink Phase 2 project will proceed after LNG Canada and its joint venture partners made a positive final investment decision on the LNG Canada expansion project. Here are more details * The company said Coastal GasLink (CGL) Phase 2 will nearly double the pipeline's capacity through the addition of new compressor stations and upgrades along its existing 670-km route linking Dawson Creek and the LNG Canada export facility in Kitimat, British [Read more]
LNG Canada to go ahead with Phase 2 expansion project in Kitimat, B.C.
VANCOUVER - LNG Canada says it will go ahead with the Phase 2 expansion project at its liquefied natural gas export terminal in Kitimat, B.C. The expansion will double LNG Canada's capacity to 28 million tonnes a year. It is one of the five initial projects that was referred to Ottawa's major projects office last year. LNG Canada CEO Chris Cooper says the project will create thousands of jobs and further strengthen Canada's role as a trusted energy partner. The first phase project [Read more]
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