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Explainer: What do Russia’s oil giants own overseas?
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
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Alberta Premier Danielle Smith and Canadian Prime Minister Justin Trudeau at the Calgary Stampede festival in Alberta
Opinion
Canada Politics
Vincent Lauerman
Calgary
31 July 2023
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Letter from Canada: The coming energy war

Conflict between the federal government and Alberta’s new premier seems inevitable

Alberta Premier Danielle Smith wasted no time during her election victory speech in the early hours of 30 May in throwing down the gauntlet to Ottawa about two of its proposed greenhouse gas (GHG) emission reduction programmes: a net-zero power grid by 2035, and an oil and gas sector emissions cap in 2030, with drafts to be released shortly and in the autumn, respectively. “As premier, I cannot under any circumstances allow these contemplated federal policies to be inflicted upon Albertans,” she declared. “I simply cannot, and I will not.” “There is a big fight coming up” Smith, Alberta premier In contrast, the two federal ministers responsible for the policies attempted to turn down

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Explainer: What do Russia’s oil giants own overseas?
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Opinion
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
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2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
Libya’s upstream caught between hope and caution
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation

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