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Newfoundland and Labrador Leads Canada in Boosting Exports to Countries Other Than U.S.

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

Most of the growth came from shipping crude oil to Europe. By Gary Kean Newfoundland and Labrador outpaced other provinces in sending a larger share of exports to non-U.S. markets in 2025. However, that does not mean it has diversified trading partners. According to a recent TD Economics report on the shifting nature of goods …

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Landmark Greenwashing Case Against Gas Firm Santos Dismissed

CDN and International News, Energy Topics & Technology, Environment, Latest / By

By Keira Wright A judge dismissed a long-running legal challenge against Santos Ltd., which had accused the Australian oil and gas producer of misleading investors over its climate strategy. The case brought by the Australasian Centre for Corporate Responsibility, a shareholder advocacy group, was rejected Tuesday by Justice Brigitte Markovic. Details of her decision will …

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Russia Pummels Ukraine’s Power Grid Before Talks

CDN and International News, Latest / By

By Reuters KYIV, Feb 17 – Russian forces pounded Ukrainian power infrastructure before a new round of peace talks, killing three energy workers and leaving tens of thousands of people without power and heat, officials said on Tuesday. President Volodymyr Zelenskiy condemned the overnight strikes on 12 Ukrainian regions that came under attack hours before the …

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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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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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Russia to Send Crude Oil and Fuel to Cuba soon, Izvestia Reports

CDN and International News, Latest, Oil / By

Summary Cuba is facing a severe fuel shortage due to US actions Island has warned that jet fuel is no longer available Russia last supplied Cuba with oil in February 2025 Kremlin says it’s discussing assistance with Havana (Reuters) – Russia is preparing to send crude oil and fuel cargoes to Cuba in the near …

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Global Oil Demand to Rise More Slowly as Prices Rally, IEA Says

CDN and International News, Conventional Energy, Latest, Oil / By

Summary IEA still projects sizeable global oil supply surplus in 2026 Oil prices rise amid geopolitical tensions and supply outages OPEC+ and other producers boost supply faster than demand Oil slips after IEA report published, still up 14% in 2026 (Reuters) – World oil demand will rise more slowly than expected this year, the International …

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Siemens Energy Profit Soars on AI-Driven Power Demand, Shares Hit Record

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

By Christoph Steitz and Tom Käckenhoff First-quarter net profit surges to 746 million euros Siemens Gamesa’s operating loss narrows to 46 million euros Siemens Energy shares have risen more than ten-fold since 2024 Shares up 5% to record high FRANKFURT/DUESSELDORF, Feb 11 (Reuters) – Siemens Energy’s (ENR1n.DE) net profit nearly tripled in the first three …

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Alberta’s Smith Says ‘Significant’ Deficits to Come, Rules Out Tax Hikes and Big Cuts

CDN and International News, Latest / By

EDMONTON – Alberta Premier Danielle Smith says “significant” deficits are in store for her province as it tries to grapple with low oil prices. The government’s new budget is set to be unveiled later this month, and Smith says it’s going to be a “tough” one. The premier told RED FM Calgary this week that …

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Venezuelan Oil Output Could Return to Pre-Blockade Level by Mid-2026, EIA Says

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Expanded U.S. licenses for Venezuela-related deals are expected to restore the South American country’s oil production by mid-2026 to levels seen before a U.S. naval blockade in December, the U.S. Energy Information Administration said on Tuesday. Venezuela’s state oil company PDVSA was forced to make deep output cuts after Washington imposed the strict …

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