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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

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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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Enbridge Reports Record 2025 Financial Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $39 Billion

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pipelines, Press Releases / By

February 13, 2026 CALGARY, AB, Feb. 13, 2026 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported fourth quarter 2025 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please …

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ConocoPhillips and Partners to Invest $2 Bln in Greater Ekofisk Gas, Condensate

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

(Reuters) – ConocoPhillips and its partners will invest some 20 billion Norwegian crowns ($2.11 billion) to restart production at three fields in the Greater Ekofisk area by the end of 2028, plans presented to the Norwegian government showed on Friday. The project, called the Previously Produced Fields (PPF), aims to extract more hydrocarbons from late-life Albuskjell, …

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US Publishes Interim Tax Credit Rules Meant to Restrict China Clean Energy Influence

Energy Topics & Technology, Environment, Latest, US News / By

Feb 12 (Reuters) – The U.S. Treasury Department on Thursday unveiled interim rules for enforcing provisions in President Donald Trump’s new tax law that restrict companies from claiming federal clean energy subsidies if they are overly reliant on Chinese-made equipment. The guidance, which applies to lucrative tax credits for clean energy manufacturing and electricity generation, …

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Oil Stockpiles Swelled Last Year by Most Since 2020, IEA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

By Grant Smith Global oil stockpiles accumulated last year at the strongest pace since the 2020 pandemic as supplies soared and demand growth slowed, according to the International Energy Agency. Inventories increased by an “extraordinary” 477 million barrels in 2025, with stocks in OECD nations surpassing their five-year average for the first time in four …

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Precision Drilling Announces 2025 Fourth Quarter and Year End Unaudited Financial Results

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, Press Releases / By

CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this release. This release …

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Siemens Energy CEO Sees Data Center Boom Lasting on Power Needs

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By Marilen Martin Siemens Energy AG’s Chief Executive Officer Christian Bruch has a message for investors worried about surging spending on data centers: Don’t fear a bubble. “So far, we see reservations more or less one to one converting into effective orders,” Bruch said Wednesday on Bloomberg Television. “I’m relatively comfortable going forward that this …

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

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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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OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

By Alex Lawler OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1, expected to decide on resuming hikes For 2026, OPEC data indicates supply deficit, in contrast to IEA’s glut LONDON, Feb 11 (Reuters) – …

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