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Canada’s Carbon Plan Will Help Oil Patch in Future, Energy Minister Says

Carbon Capture, CDN and International News, Conventional Energy, Energy Topics & Technology, Environment, Latest, Natural Gas, Oil / By

By Robert Tuttle Takeaways by Bloomberg AI Canada’s energy minister said the government’s push to build carbon capture technology in the Alberta oil sands ensures the industry is adapting to change. The Canadian government signed a memorandum of understanding with the province of Alberta that pledged backing for a new oil pipeline in exchange for a higher …

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Exxon Mobil Can Sue California Attorney General for Defamation Over Recycling, Judge Rules

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Summary Judge rejects Rob Bonta’s immunity claim in defamation case Attorney general accused Exxon of lies, deception Claims against environmental groups are dismissed Bonta, Exxon not available for comment (Reuters) – A federal judge on Friday rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s  lawsuit accusing him of defamation in criticizing the oil …

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Oil Prices Settle Slightly Higher as Optimism Around US Inflation Data Outweighs OPEC Supply Concerns

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Summary US CPI data suggests potential for further rate cuts, boosting risk appetite OPEC+ may resume oil output increases from April, impacting summer fuel demand Russia says next Ukraine peace talks set for next week Investors watch for US-Iran talks, easing Venezuelan sanctions HOUSTON, Feb 13 (Reuters) – Oil prices settled marginally higher on Friday …

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Teine Energy Ltd. Announces Duvernay Tuck-in Acquisition

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CALGARY, AB, Feb. 13, 2026 /CNW/ – Teine Energy Ltd. (“Teine”) announces that it has entered into a definitive agreement to acquire all the outstanding shares of TMax Energy Ltd., increasing Teine’s total Duvernay acreage to over 700 sections. Teine is currently producing over 10,000 boe per day within the Carrot Creek Duvernay lands. Teine was represented by Bennett …

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Caturus Signs LNG Supply Deal with Saudi Aramco

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U.S. gas producer Caturus said on Friday it signed a 20-year agreement to supply 1 million tonnes per annum of LNG to Saudi Aramco from its proposed Louisiana export project. Last month, Reuters reported the deal, citing sources, between Aramco and Commonwealth LNG, owned and operated by Caturus. Commonwealth had said it wants to get to 8 …

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US Drillers Cut Three Oil Rigs, Add Three Gas Rigs, Leaving Weekly Count Unchanged, Says Baker Hughes

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(Reteurs) – U.S. energy firms this week cut three oil rigs and added three natural gas rigs, keeping the overall rig count unchanged, energy services firm Baker Hughes said in its closely followed report on Friday. After rising for three weeks in a row, the oil and gas rig count, an early indicator of future …

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US Allows Oil Majors to Broadly Operate in Venezuela, New Energy Investments

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By Timothy Gardner Venezuela’s interim President Delcy Rodriguez, U.S. Energy Secretary Chris Wright and U.S. Charge d’Affaires for Venezuela Laura Dogu visit oil production facilities at the joint venture between Chevron and state oil company PDVSA in the Orinoco Oil Belt Oil majors with offices in Venezuela granted general license New investments in oil and …

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OPEC+ Leans Towards Resumption in Oil Output Increases From April, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members meet on March 1 OPEC+ has paused increases for first quarter of 2026 Brent crude price near highest since August Russia’s Novak predicts increased demand from March-April MOSCOW/LONDON, Feb 13 (Reuters) – OPEC+ is leaning towards a resumption in oil output increases from April, …

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India’s Reliance Wins US Licence for Venezuelan Oil, Sources Say

Conventional Energy, Latest, Oil, US News / By

By Nidhi Verma and Jarrett Renshaw Reliance applied for general authorisation in January Direct import of Venezuelan oil to help replace Russian oil Trump wants India to buy more oil from US and Venezuela NEW DELHI/WASHINGTON, Feb 13 (Reuters) – The United States has issued a general licence to India’s Reliance Industries Ltd (RELI.NS), opens …

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Pentagon to Move Carrier to Middle East From Caribbean, Officials Say

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(Reuters) – The Pentagon is sending an aircraft carrier from the Caribbean to the Middle East, two U.S. officials told Reuters on Friday, a move that would put two carriers in the region as tensions soar between the United States and Iran. The Gerald R. Ford carrier, the United States’ newest and the world’s largest …

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