MONTREAL – Federal Energy Minister Tim Hodgson says it’s too early to say whether a liquefied natural gas facility pitched in Quebec is of national interest. Marinvest Energy Canada has lobbied the government in recent months regarding a possible natural gas pipeline and export facility near Baie-Comeau, Que. Hodgson says the proposal by Marinvest, a [Read more]

The discount on Western Canada Select to North American benchmark West Texas Intermediate futures was unchanged on Friday. WCS for November delivery in Hardisty, Alberta, settled at $11 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, flat on Thursday’s close. * Canadian pipeline operator Enbridge’s Mainline system — which transports oil from [Read more]

Exports of U.S. crude oil climbed to the highest level in over a year and a half in September, ship tracking data showed, as U.S. refineries began seasonal maintenance and Asian demand increased. U.S. crude exports rose to an average of 4.2 million barrels per day in September, the highest since February 2024, according to [Read more]

Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been working in recent weeks to solicit potential interest in the infrastructure, which was largely inherited from the oil major’s [Read more]

U.S. energy firms this week kept the number of oil and natural gas rigs virtually unchanged, energy services firm Baker Hughes said in its closely followed report on Friday. The rig count including a miscellaneous category, an early indicator of future output, was steady at 549 in the week to October 3. Baker Hughes said [Read more]