By Erwin Seba Trump issues denial on social media that U.S. plans to attack Venezuela News media reports say U.S. plans air strikes on Venezuela Brent, WTI set to fall about 2.6% and 2% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say HOUSTON, Oct 31 (Reuters) – Oil prices … Read more
British Columbia Finance Minister Brenda Bailey said she would look into a plan by BC Assessment that would cut the taxable value of pipelines and other projects in a move that has angered some local officials who fear a funding shortfall.
Director Da…
All amounts in Canadian dollars unless specified. CALGARY, AB, Oct. 31, 2025 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG”, or the “Company”) is providing additional disclosure regarding the previously announced asset transaction between Strathcona Resources Ltd. (TSX: SCR) (“Strathcona”) and Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) (“Cenovus”), as initially disclosed in its press release of October 27, 2025. As previously announced, MEG entered … Read more
(Reuters) – U.S. natural gas futures jumped about 4% on Friday to a six-month high, on near-record flows to liquefied natural gas (LNG) export plants, as output dropped and forecasters expected more demand over the next two weeks than they did previously. Front-month gas futures for December delivery on the New York Mercantile Exchange rose … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by four to 546 in … Read more
(Reuters) -U.S. oil and gas production rose to record highs in August, data from the Energy Information Administration showed on Friday, shrugging off concerns that the market is heading towards a surplus. U.S. crude oil output rose 86,000 barrels per day to a record 13.8 million bpd, while gross natural gas output from Lower-48 states … Read more
(Reuters) – U.S. Environmental Protection Agency Administrator Lee Zeldin told reporters on Friday he has raised the issue of wildfires with Canada’s government, saying it has become a crucial cross-border matter alongside fentanyl. Canada has experienced severe wildfires in recent months that have led to air quality problems on both sides of the border. “There … Read more
Half say ad helps Americans understand counterview to Trump tariff policy, but impact viewed as ‘small’ October 31, 2025 – As if the Toronto Blue Jays weren’t providing enough drama this October, even the commercial breaks in the World Series have caused the political and economic equivalent of dirt-kicking at the plate. This, after the Ontario … Read more
Quarterly net income of $539 million and quarterly net income excluding identified items1 of $1,094 million Cash flows from operating activities of $1,798 million Upstream achieved the highest quarterly production in over 30 years of 462,000 gross oil-equivalent barrels per day Kearl achieved the highest-ever quarterly production of 316,000 total gross oil-equivalent barrels per day (224,000 … Read more
Imperial Oil Ltd. reported its third-quarter profit fell compared with a year ago even as its Kearl oilsands operations saw record production.
The company says it earned $539 million or $1.07 per diluted share for the quarter ended Sept. 30 compared w…
Summary Brent, WTI set to fall about 3.5% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say Saudi prices for Asian buyers might fall in Dec. -sources China factory activity shrinks for seventh month, PMI shows (Reuters) – Oil prices were heading for a third consecutive monthly decline, slipping on … Read more
Summary Exxon raises dividend by 4% to $1.03 per share Company on track to complete $20 billion share buyback this year Exxon incurs $510 million in restructuring costs in Q3 (Reuters) – Exxon Mobil beat Wall Street estimates for third-quarter earnings on Friday, underpinned by higher oil and gas production in Guyana and the Permian Basin, … Read more
Summary Hess acquisition helps boost Chevron’s quarterly profit Cash flow grows 20% year-on-year on rise in output ‘High confidence’ free cash flow will keep growing, CFO says Upstream earnings decline 28% due to lower oil prices Downstream profit jumps 91% (Reuters) – Chevron beat analyst estimates on Friday as record oil and gas production, boosted by … Read more
CALGARY, Alberta, Oct. 31, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated approximately $2.1 billion in cash from operating activities, $2.5 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the quarter included record Upstream production … Read more
Deadline for MEG Shareholders to deposit their proxies to vote on the Cenovus Transaction extended to Wednesday, November 5, 2025 at 9:00 a.m. (Calgary Time) As of today‘s date, of those MEG Shares represented by proxy or expected to be voted in person at the Meeting, 86% of all such MEG Shares, and 83% of all such MEG Shares, excluding the … Read more
Cenovus Energy Inc. reported a third-quarter profit $1.29 billion, up from $820 million a year ago, as it saw record production.
The company says its profit amounted to 72 cents per diluted share for the quarter ended Sept. 30, up from 42 cents per di…
The board of Canadian oil sands company MEG Energy adjourned its expected shareholder vote Thursday on a buyout by Cenovus Energy, saying a regulatory inquiry has prompted the need to disclose additional information. The vote on the sale, which would have ended a months-long bidding saga for what is Canada’s last pure-play oil sands producer, will … Read more
The Government of Nova Scotia’s Department of Energy was especially busy in September and October. The Department and Government made several important announcements and launched new campaigns aimed at developing several types of energy including offshore wind, natural gas and small modular reactors (SMRs). Importantly, the Premier of Nova Scotia announced himself as the new … Read more
By Ari Natter and Annmarie Hordern Oil storage tanks in Crockett, California. Photographer: David Paul Morris/Bloomberg Energy Secretary Chris Wright said the US is prepared to sell more oil and natural gas to China if Beijing cuts back on purchases from Russia. “There’s so much space for mutually beneficial deals between the US and China,” … Read more
An LNG Plant in Sabetta, Russia. Photographer: Sefa Karacan/Anadolu Agency/Getty Images Russia’s liquefied natural gas will find other markets after the European Union bans imports from 2027, said Leonid Mikhelson, the billionaire chief executive officer at Novatek PJSC. “Russia currently accounts for over 10% of global LNG production,” Mikhelson said at the Verona Eurasian Economic … Read more
By Shadia Nasralla and America Hernandez LONDON, Oct 30 (Reuters) – Shell (SHEL.L) and TotalEnergies (TTEF.PA), the world’s two largest listed LNG traders, said on Thursday that the exact timing of new LNG projects starting up around the world is in flux, which could create uncertainty about long-term supply. New LNG projects are seeing delays … Read more
Gran Tierra Secures $200 Million Prepayment Facility Highlighting Strength of Portfolio Increase and Extension of Canadian Credit Facility Three Major Ecuador Discoveries Add to the Existing Success in Country Colombia’s Southern Putumayo Cohembi Field Achieves Highest Production in a Decade CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) … Read more
CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and … Read more
Calgary, Alberta–(Newsfile Corp. – October 30, 2025) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “Company”) reports its operating and financial results for the three and nine months ended September 30, 2025 (all amounts are in Canadian dollars unless otherwise noted). “Baytex delivered solid third-quarter results highlighted by record production in the Pembina Duvernay, … Read more
CALGARY, AB, Oct. 30, 2025 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it expects to release its third quarter 2025 results before markets open on Friday, November 14, 2025. The release will be followed by a conference call and webcast that have been scheduled for Friday, November 14, 2025, at 8:00 AM Mountain Time (10:00 AM Eastern Time). The conference … Read more
The Canadian Centre for Cyber Security warns that hacktivists have been tampering with online systems that control water, energy and agricultural facilities.
An alert sent to information security officers says the Cyber Centre and the RCMP have receiv…
The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc. to address an unspecified regulatory matter.
The meeting had been set for 9 a.m. local time Thursday, but is now to resume at 2 p.m.
“My …
Announces Positive Final Investment Decisions on Multiple Organic Growth Projects CALGARY, AB, Oct. 30, 2025 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) reported third quarter 2025 financial results and provided an update on its operations, projects and other corporate developments. THIRD QUARTER HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) FINANCIAL RESULTS … Read more
Recorded Q3 2025 Adjusted EBITDA of $135 million ($0.62/basic share), up 17% on a per share basis from prior year Refining full-year 2025 Adjusted EBITDA guidance to approximately $500 million CALGARY, AB, Oct. 30, 2025 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or the “Corporation”) (TSX: SES), a leading waste management and energy infrastructure company, reported today its operational and … Read more
Summary Shell maintains $3.5 billion buyback pace, TotalEnergies scales back Shell’s gas and upstream divisions exceed expectations TotalEnergies’ downstream results rise 76% amid EU fuel import ban (Reuters) – Shell and TotalEnergies posted quarterly profit falls of 10% and 2%, respectively, on Thursday, dragged down by lower oil prices, though Shell beat expectations helped by better … Read more
Summary Trump to reduce China tariffs after meeting with Xi OPEC+ likely to add another 137,000 bpd supply in December US crude and fuel inventories register large declines LONDON, Oct 30 (Reuters) – Oil prices eased on Thursday as investors assessed a potential trade truce between the United States and China, as President Donald Trump lowered tariffs on China … Read more
A judge in North Dakota on Wednesday slashed by almost half jury-awarded damages of about $667 million against environmental advocacy group Greenpeace over its role in protests against the construction of the Dakota Access Pipeline. State District Judge James Gion said the amount Greenpeace owes pipeline company Energy Transfer should be limited to $345 million, … Read more
Shell expects to start up its second liquefied natural gas processing unit at its LNG Canada facility later this quarter, Chief Financial Officer Sinead Gorman said on Thursday. LNG Canada is the first major LNG export facility in Canada, and the first on the west coast of North America that provides direct access to Asia, … Read more
CALGARY, Alberta, Oct. 29, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter results marked by consistent operational performance across all assets, strong financial performance, and delivery on its return of capital commitments. With low corporate break-evens, a portfolio of long-life assets and a pristine balance … Read more
Calgary, Alberta–(Newsfile Corp. – October 30, 2025) – Coelacanth Energy Inc. (TSXV: CEI) (“Coelacanth” or the “Company“) is pleased to provide the following update: BANK CREDIT FACILITY Coelacanth has signed an agreement to increase its bank credit facility from $52 million to $80 million with closing expected in mid-November. The Company estimates net bank debt relative to the … Read more
Active H2 2025 capital program in Peace River and successful drilling of the first Belly River well in Crimson Average production of 27,316 boe per day resulting in funds flow from operations of $49.7 million ($0.74 per share basic) including a $5.5 million mark-to-market impact on share-based compensation Increased H2 2025 production guidance to 27,800 … Read more
On Wednesday, October 29th, the Government of Prince Edward Island released its new energy strategy, which calls for strengthened consumer protections, upgrades to infrastructure, and regional collaboration. The strategy outlines a long-term vision for the Government of Prince Edward Island’s energy priorities through 2035. The province is building on its previous energy strategy by developing … Read more
Nuclear power one day coming to Alberta is an exciting prospect for Capital Power Corp., but its chief executive says it’s too soon for the electricity generator to contemplate any meaningful investment in the idea.
“We’re exploring it with best-in-c…
You have less than one week to oppose Ottawa’s gas and diesel vehicle ban because the consultation is about to close. Thousands of taxpayers like you already forced Ottawa to delay this ban by one year. Now we can stop it for good, by having your say in the consultation that closes on Nov. 4. … Read more
By Jake Fuss, Julio Mejía, Elmira Aliakbari, Karen Graham and Jock Finlayson State of the Green Economy The Fiscal Cost of Canada’s Low-Carbon Economy documents spending initiatives by the federal government and the governments of Ontario, British Columbia, Alberta, and Quebec since 2014 to promote the low-carbon economy, as well as how much revenue they have … Read more
Tim Hodgson said the cross-border pipeline remains fully permitted on the Canadian side By Stephanie Taylor Original: nationalpost.com/news/canada/canada-says-it-will-do-whatever-we-can-to-help-on-potential-keystone-xl-revival-energy-minister-says OTTAWA — Federal Energy Minister Tim Hodgson says Canada is not focused on any one route when it comes to sending more energy into the United States, but stands ready to do “whatever we can” to help … Read more
By Keira Wright and Paul-Alain Hunt Australia plans to overhaul national environmental laws to better protect nature, while speeding up approvals for major projects in sectors including natural gas, renewable energy and mining. On Thursday, the center-left Labor government will introduce long-awaited legislation to Parliament to amend the widely criticized Environment Protection and Biodiversity Conservation … Read more
By John O’Donnell and Christoph Steitz Russia’s Rosneft controls key flow of oil to Germany Rosneft swept up in Trump sanctions on Russia Berlin now mulls sidelining Rosneft BERLIN/FRANKFURT, Oct 29 (Reuters) – U.S. sanctions on Russian oil producer Rosneft (ROSN.MM) have rekindled discussions in Germany about nationalising the company’s business there, including a refinery … Read more
Calgary, Alberta–(Newsfile Corp. – October 29, 2025) – Coelacanth Energy Inc. (TSXV: CEI) (“Coelacanth” or the “Company“) is pleased to announce that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange … Read more
CALGARY, AB, Oct. 29, 2025 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2025 and the declaration of its quarterly dividend. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements and the … Read more
CALGARY, Alberta, Oct. 29, 2025 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces that it submitted a Proposal (the “Proposal”) to the Board of Directors of GeoPark (NYSE: GPRK) to acquire all outstanding common shares of GeoPark for US$9.00 per share in cash. Following a lack of constructive engagement with, … Read more
Federal Energy Minister Tim Hodgson announced millions of dollars for clean tech projects on Wednesday, ahead of the G7 ministerial meetings in Toronto starting Thursday.
Delivering the keynote address to the International Energy Agency Energy Innovat…
(Reuters) – HOUSTON, Oct 29 – U.S. crude stocks and gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories dropped by 6.86 million barrels to 416 million barrels in the week ended October 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a 211,000-barrel … Read more
(Reuters) – U.S. weekly oil field production rose by 15,000 barrels per day (bpd) to a record 13.6 million bpd during the week ended October 24, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. Gulf Coast weekly crude oil imports fell 477,000 bpd last week to 597,000 bpd, … Read more
(Reuters) – The United States wants its allies to engage in a policy of energy abundance to keep prices down, the U.S. Department of Energy’s deputy secretary, James Danly, said at a panel at the annual Future Investment Initiative (FII) summit in Riyadh. Reporting by Nayera Abdallah in Dubai Editing by David Goodman
By Erik Hertzberg The Bank of Canada is likely to cut interest rates to help an economy that’s suffering more damage from US tariffs, even as Prime Minister Mark Carney finalizes plans for a stimulative budget to boost growth. Markets and economists expect officials led by Governor Tiff Macklem to lower the benchmark overnight rate … Read more
The EV maker has a ‘range of different alternatives out there,’ including having more than one person run the company By Kara Carlson and Miguel Ambriz Tesla Inc. is prepared to name a new chief executive officer from inside the company if shareholders reject Elon Musk’s proposed US$1 trillion pay package and he steps down, … Read more
TORONTO, Oct. 29, 2025 /CNW/ – Canada is at a pivotal moment in history. Faced with global volatility, a changing environment and an affordability crisis, it is clear that the conventional ways of doing business no longer serve us. Canada must undertake bold and decisive action when it comes to retooling our economy and protecting our security and prosperity. Multilateralism … Read more
The outlook for Europe’s natural gas market this winter is tighter than many had expected as the continent’s storage levels are 12 percentage points lower than a year ago, Equinor’s finance chief told Reuters on Wednesday. The Norwegian company in 2022 overtook Russia’s Gazprom as Europe’s biggest supplier of natural gas when Moscow’s full-scale invasion … Read more
Ron Bousso Summary OPEC+ meets on November 2 to discuss oil production targets Trump will likely repeat call on OPEC to increase output after hitting Russia with sanctions Russia likely to support stopping or reversing increases (Reuters) – Saudi Arabia is caught between Donald Trump and a hard place, as the U.S. president’s latest oil … Read more
Reuters) – Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude shipments from the country’s western ports, according to LSEG data and market sources. Despite weather-related constraints and sanction pressure, October exports from western ports of Primorsk, Ust-Luga and Novorossiisk are seen at about … Read more
Summary PM Takaichi said ending LNG imports would be difficult for Japan Russian LNG accounts for nearly 9% of imports (Reuters) – Japan’s new Prime Minister Sanae Takaichi told U.S. President Donald Trump during their meeting in Tokyo that banning Russian liquefied natural gas imports would be difficult, two Japanese government officials told Reuters on Wednesday. … Read more
Summary Analysts plan to keep eye on TotalEnergies debt level Exxon, Chevron results could be a preview for operational plan updates Investors watch for commentary on BP’s sale of Castrol HOUSTON/LONDON, Oct 29 (Reuters) – Big Oil may see marginally higher oil prices and stronger refining results boost third quarter results after declining earnings over … Read more
CALGARY, AB, Oct. 29, 2025 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. Selected financial and operating information should be read with Tamarack’s unaudited consolidated financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2025, which are … Read more
Few are as acquainted with Canada’s graveyard of defunct oil pipelines as Alex Pourbaix, a former executive at the company behind the Keystone XL and Energy East proposals.
“You can see the scars on my back,” he quipped at a news conference earlier t…
By Jason Chiu Cybersecure AXIS C3546-LVE In the energy sector, Supervisory Control and Data Acquisition (SCADA) is the nerve center. It picks up the first hints of equipment stress, follows pressure and flow across vast pipeline networks, and coordinates the signals that keep plants and grids stable. As operational technology (OT) and information technology (IT) … Read more
Summary China confirms Xi, Trump meeting US crude stocks fell last week, market sources citing API OPEC+ considering modest output increase in December (Reuters) – Oil prices steadied on Wednesday as investors weighed optimism over a meeting between the leaders of top consumers the U.S. and China against an expected increase in production quotas from … Read more
SURREY, BC, Oct. 28, 2025 /CNW/ – FortisBC Energy Inc. (FortisBC) has received approval from the British Columbia Utilities Commission (BCUC) for its proposed Tilbury LNG Storage Expansion project. This approval will help FortisBC continue to provide reliable and resilient natural gas service to British Columbians. Once constructed, the project will ensure FortisBC can continue to provide … Read more
‘We are excited to bring this made-in-Canada innovation to the world’ By Grady Semmens Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter To the naked eye, it looks about as exciting as baking soda or table salt.But to the scientists in the University of Calgary chemistry lab who have … Read more
Environment advocates say the federal government’s consultations ahead of the release of its climate competitiveness strategy next week have focused in part on making industrial carbon pricing a cornerstone of the new plan.
Two senior officials at nat…
CALGARY, AB, Oct. 28, 2025 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report 2025 third quarter financial and operating results. 2025 Third Quarter Financial Highlights Cash provided by operating activities of $80.1 million. Adjusted funds flow (“AFF”)(a) of $72.4 million or $0.43 per basic share for Advantage(b). Cash used in investing activities of $102.3 million. Net capital expenditures(a) were $71.6 million for Advantage(b). Net … Read more
CALGARY, AB, Oct. 28, 2025 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financial and operating results for the three and nine months ended September 30, 2025. Third Quarter Highlights Funds flow from operations of $13.2 million ($0.12 per share – fully diluted), a decrease of 4% from the same period in 2024 Oil and gas sales of $24.4 million, … Read more
Calgary, Alberta (October 28, 2025) – TheNewswire – Decimus Oil Corp. (“WCSB” or the “Company”) (TSXV:WCSB) is pleased to announce the signing of a definitive agreement to acquire certain strategic oil & gas assets in Southern Alberta (the “Bantry Acquisition”) from an appointed Trustee as press released June 18, 2025. The definitive agreement is subject … Read more
October 28, 2025 For Immediate Release VANCOUVER—Despite the hype of a “clean” economic transition, governments in Ottawa and in the four largest provinces have spent or foregone revenues of more than $150 billion (inflation-adjusted) on low-carbon initiatives since 2014/15, but have only created, at best, 68,000 clean jobs, according to two new studies published by … Read more
(Reuters) – Canada will focus on securing supplies of critical minerals when it hosts its Group of Seven partners this week at a meeting of energy and environment ministers in Toronto, Natural Resources Minister Tim Hodgson said in an interview on Tuesday. G7 countries, except Japan, are heavily or exclusively reliant on China for a … Read more
(Reuters) – Canada will consider potential off-take agreements with price floors for critical minerals with its Group of Seven partners this week, as the country hosts the meeting of energy and environment ministers in Toronto, Natural Resources Minister Tim Hodgson said in an interview on Tuesday. “We will see this week many examples of us … Read more
(Reuters) – Russia’s second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States. The planned sale of the assets is the most consequential action so far by a Russian company in the wake of Western sanctions over Russia’s war in Ukraine, … Read more
(Reuters) – Oilfield services giants SLB, Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America. U.S. oil producers have cut exploration budgets as prices hover in the low $60s per … Read more
(Reuters) – A record wave of new liquefied natural gas production capacity coming online until 2030 is set to transform gas market dynamics by strengthening global supply security and easing market pressure, the International Energy Agency said on Monday. The IEA said in its “Gas 2025” medium-term outlook report that 300 billion cubic metres per … Read more
CALGARY, AB, Oct. 28, 2025 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) (“Kiwetinohk” or the “Company”) and Cygnet Energy Ltd. (“Cygnet” or the “Purchaser”), a private exploration and production company backed by respective investment funds managed by NGP Energy Capital Management (“NGP”), ARC Financial Corp. (“ARC Financial”), and global investment firm Carlyle (“Carlyle” NASDAQ: CG), announce that they have entered into an arrangement agreement … Read more
Summary Indian refiners refrain from new Russia oil purchases Indian Oil says will continue to buy compliant Russian oil Indian Oil, MRPL issue tenders for purchases BPCL plans tender for December-loading cargoes HYDERABAD, India, Oct 28 (Reuters) – Many Indian refiners have paused new orders for Russian oil since U.S. sanctions last week on Moscow’s … Read more
Summary NGOs, young plaintiffs challenged Norway’s oil drilling permits European Court of Human Rights unanimously backs government Norway is western Europe’s biggest oil, gas producer Court says environmental impact must still be assessed OSLO, Oct 28 (Reuters) – The European Court of Human Rights on Tuesday ruled in favour of Norway’s government in a climate … Read more
Transaction to create a scaled player in the Montney and Duvernay formations with deep inventory and differentiated market access Offer price represents C$24.75 per share in cash CALGARY, AB, Oct. 28, 2025 /CNW/ – Cygnet Energy Ltd. (“Cygnet” or the “Company“), a private exploration and production company, is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Oct. 28, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Selling Shareholder“) and Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company“) announced today the closing of the previously announced secondary offering (the “Offering“) of common shares of the Company (the “Common … Read more
Privately held Cygnet Energy will acquire Kiwetinohk Energy in an all-cash deal valued at C$1.4 billion ($998.29 million), including debt, the companies said on Tuesday, creating a larger Montney and Duvernay operator. Montney and Duvernay, in Alberta, are among Canada’s most prolific shale oil and gas plays, driving much of the recent production growth and investment in the … Read more
Summary Investors question effect of U.S. sanctions on Russia’s oil firms OPEC+ considers modest output increase in December Indian refiners halt new Russian oil orders amid sanctions (Reuters) – Oil prices fell pver 1% on Tuesday, marking their third day of declines as investors assessed the effect of U.S. sanctions on Russia’s two biggest oil companies along … Read more
Some of Canada’s allies are praising Ottawa’s work on preventing Russia from smuggling oil through concealed ships — ships that Ottawa fears could someday unleash an environmental cataclysm in the Arctic.
Canada and its allies have blacklisted more th…
The Canada Energy Regulator (CER) said on Monday it has approved Trans Mountain’s request to pause the regulatory process for its interim tolls application. This includes postponing a public hearing that was scheduled to start on November 17, the CER added. The operator of Canada’s Trans Mountain pipeline and oil shippers are in talks to … Read more
Speakers say Canadians increasingly link natural resources with prosperity, security, and the broader public interest By Stewart Muir By Resource Works More News and Views From Resource Works Here Common sense returns to the national conversation If the B.C. Business Summit 2025 made one thing clear, it was that the public is catching up to … Read more
by Yogi Schulz Prime Minister Carney wants Canada to become an energy superpower. It’s a worthy goal because Canada has rich, undeveloped energy resources. Most Canadians happily endorse his goal because it achieves these benefits: Economic growth and prosperity for Canadians. Reduce the adverse consequences of American tariffs. Additional tax revenue that reduces the … Read more
By Resource Works More News and Views From Resource Works Here A shift in ambition A year after the Trans Mountain Expansion Project came into service, Mike Davies, President and Chief Operating Officer at Trans Mountain, told the B.C. Business Summit 2025 that the project’s success should mark the beginning of a new national mindset — one defined … Read more
CALGARY, Alberta, Oct. 27, 2025 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will … Read more
As COP30 nears, the US’s pressure to keep fossil fuels relevant may empower petrostates, potentially giving them more leverage at the UN talks. By Jennifer A Dlouhy and Akshat Rathi Photo illustration: Daniel Zender; photo: White House The world was on the brink of a climate milestone: adopting a global carbon tax for the shipping … Read more
By Rong Wei Neo Oil prices are expected to “moderate” because of ample supply, according to the International Energy Agency. “I don’t expect a major shake-up in the oil markets thanks to growing production coming from the Americas,” OPEC+’s change in policy to increase output and slowing demand growth, IEA Executive Director Fatih Birol said … Read more
By Jake Fuss Last week, Prime Minister Carney delivered a lengthy speech spelling out his economic and fiscal strategy in advance of his government’s federal budget scheduled for Nov. 4. In front of an audience of university students, the prime minister made his pitch for “swinging for the fences” and “playing to win” through more government involvement … Read more
By Brian Platt Canada’s Prime Minister Mark Carney said he plans to meet his Chinese counterpart Xi Jinping later this week when both leaders are at a summit in South Korea, aiming to firm up relations with the world’s second biggest economy while long-standing ties with the US fray. The Canadian leader, speaking in Malaysia … Read more
CAPP CEO warns that Canada’s energy advantage is slipping away through incrementalism and policy paralysis By Resource Works More News and Views From Resource Works Here The productivity fix starts with pragmatism Lisa Baiton, President and CEO of the Canadian Association of Petroleum Producers (CAPP), told the B.C. Business Summit 2025 that Canada is in danger of … Read more
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed Monday that the investment manager for the Canada Pensi…
Parkland Corp. reported a third-quarter profit of $129 million, up from $91 million a year ago, as it prepared to complete its deal to be acquired by U.S. company Sunoco.
The Calgary-based company says its profit amounted to 73 cents per diluted share…
Cenovus Energy on Monday further sweetened its bid for MEG Energy to C$30 a share, winning long-sought backing from MEG’s largest shareholder, Strathcona Resources. Earlier this month, Cenovus had already raised its offer for MEG to about C$29.80 per share, and said it was its “best and final” offer, in an attempt to outbid Strathcona’s offer for Canada’s last … Read more
Strong third quarter Adjusted EBITDA1 of $540 million On track to deliver midpoint of 2025 Adjusted EBITDA Guidance2 of $1.8 to $2.1 billion Sunoco Transaction3 expected to close on October 31, 2025 CALGARY, AB, Oct. 27, 2025 /PRNewswire/ – Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), today announced its financial and operating results for the … Read more
The U.S. will double its natural gas exports over the next five years and could double them again in the following five or ten years “if demand is there, and I suspect it will be,” U.S. Energy Secretary Chris Wright said by video to a conference in Singapore on Monday. (Reporting by Emily Chow; Writing … Read more
A common view in the crude oil market is that Western sanctions against Russia’s exports are fairly pointless as the market quickly devises ways to keep cargoes flowing. This means that any new measures imposed only result in a fleeting boost to prices, which fades in the face of the reality of virtually uninterrupted flows. … Read more
Alberta’s government has pledged to build new pipelines and deploy its natural gas reserves to become a major player in artificial intelligence. The government plans to build new oil pipelines to the Pacific coast, Ontario, and Hudson Bay, and attract more AI data centers to lessen its economic reliance on resource exports. Alberta’s natural gas … Read more
CALGARY, AB, Oct. 27, 2025 /CNW/ – Strathcona Resources Ltd. (“Strathcona“) today announced it has entered into a voting support agreement (the “Voting Support Agreement“) with Cenovus Energy Inc. (“Cenovus“) concurrently with Cenovus entering into an amendment agreement with MEG Energy Corp. (“MEG“) to increase the consideration offered by Cenovus to holders of common shares of MEG under the arrangement agreement dated August 21, … Read more
Improved Transaction Consideration of $30.00 per MEG Share Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares The MEG Board recommends MEG Shareholders vote FOR the Improved Cenovus Transaction The Meeting date remains unchanged and the Meeting will occur on Thursday, October 30, 2025 at 9:00 a.m. (Calgary Time) For questions or assistance with voting or making elections, contact Sodali & … Read more
CALGARY, Alberta, Oct. 27, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a second amending agreement in respect of the arrangement agreement dated August 21, 2025 (as amended, the “Agreement”) to acquire MEG Energy Corp. (TSX: MEG) (“MEG”). Under the terms of the Agreement, each … Read more
Westech Industrial will be on site at the Four Points by Sheraton Toronto Airport for the Institute of Power Engineers (IPE) Ontario Education (ED) Forum & Power Engineers’ Round Table, running October 29–31. This annual gathering brings Ontario’s power-engineering community together for practical, peer-driven learning and a focused trade show—an ideal setting for conversations about … Read more
In 2025, Edmonton Exchanger proudly celebrates its 50th anniversary—a milestone that reflects five decades of family dedication, technical innovation, and enduring contributions to Western Canada’s industrial sector. The Beginning: A Vision Takes Shape (1975) Edmonton Exchanger was founded in 1975 by Henry Gusse, a visionary entrepreneur with a background in both farming and steel fabrication. … Read more
Summary Oil prices fall on scepticism over US-China trade deal boosting oil demand Iraq’s oil exports unaffected by Zubair oilfield fire OPEC reverses production cuts to regain market share (Reuters) – Oil prices recovered from early losses on Monday as optimism over a trade deal framework between the U.S. and China countered concerns about weak demand for … Read more
A summary of Fossil Future Chapter 4, part 1 of 3 By Alex Epstein This is the fourth of the “Alex Notes” on my book Fossil Future—like Cliff’s Notes, but actually written by the author. (See #1, #2, and #3). Myth: Fossil fuels have made the planet less livable. Truth: Fossil fuels have made the planet incomparably more livable, … Read more
Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada is expected to make an interest rate announcement and release its fall monetary policy report on Wednesday. Most economists expect the centra…
The premier of Ontario has again complicated the country’s delicate trade negotiations with the U.S., this time with a political ad targeting Americans that has drawn the ire of U.S. President Donald Trump. The ad, commissioned by Doug Ford, Ontario’s outspoken Conservative premier who is sometimes compared to Trump, uses a snippet of Republican icon … Read more
By Julio Mejía and Elmira Aliakbari In case you haven’t heard, the Alberta government plans to submit a proposal to the federal government to build an oil pipeline from Alberta to British Columbia’s north coast. But B.C. Premier Eby recently dismissed the idea, calling it a project imported from U.S. politics and pursued “at the expense of … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since September, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two to … Read more
Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity. Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its original three-year … Read more
Prime Minister Mark Carney is pitching Canada as a reliable partner for Southeast Asia, one that’s committed to rules-based trade at a time when U.S. President Donald Trump is rewriting global trade norms.
He’s heading to the Association of Southeast…
After years of self-doubt and performative paralysis, Ottawa realizes that Canada’s future strength depends on investing in, not prohibiting, its own prosperity By Stewart Muir By Resource Works More News and Views From Resource Works Here At the heart of Canada’s policy dysfunction lies a kind of national self-loathing — a cultural tic that’s been … Read more
CALL FOR SUBMISSIONS – SPEAK AT THE TECHNICAL CONFERENCE SUBMISSION DEADLINE: October 31, 2025 The Canadian Hydrogen Convention Technical Conference brings together technical experts from around the world to present and discuss the latest hydrogen technologies, processes, and innovations designed to help companies increase efficiencies, reduce costs, and advance toward a low-carbon future. The 2026 … Read more
By Erwin Seba Benchmarks pare early-day gains spurred by Thursday’s sanctions Brent, US crude both gain over 7% in the week Chinese state oil majors to suspend Russian oil purchases Indian refiners set to cut their Russian crude imports HOUSTON, Oct 24 (Reuters) – Oil prices fell on Friday as skepticism crept into the market … Read more
(Reuters) – Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity. Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its … Read more
(Reuters) – Gas-producing countries must make clear that they oppose trade barriers, Qatar’s Energy Minister Saad al-Kaabi said on Thursday, reiterating his opposition to a European Union sustainability law. Qatar, one of the world’s top liquefied natural gas (LNG) exporters, has argued that the EU’s corporate sustainability due diligence directive (CSDDD), adopted in 2024, poses … Read more
(Reuters) -Spot premiums in crude markets jumped on Thursday on expectations that U.S. sanctions on top Russian producers will spur China and India’s demand for supplies from the Middle East, Africa and South America, trade sources and analysts said. Washington hit major suppliers Rosneft and Lukoil with sanctions over the Ukraine war, sparking concerns over … Read more
(Reuters) – Global financial titans descend on Riyadh next week for Saudi Arabia’s flagship investment conference, for the first time since the return to the White House of Donald Trump, whose taste for extravagant projects chimes with the kingdom’s big plans. The Future Investment Initiative (FII) conference is taking place against a backdrop of a … Read more
(Reuters) – Reliance Industries Ltd, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship with current oil suppliers, its spokesperson said in a statement. Reliance, which is controlled by billionaire Mukesh Ambani and operates the world’s biggest refining complex at Jamnagar in western Gujarat state, has … Read more
(Reuters) – OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on Russian oil majors, Kuwait’s oil minister said on Thursday. In a sharp policy shift, U.S. President Donald Trump targeted Russia’s largest oil companies, Lukoil (LKOH.MM) … Read more
Canada’s Prime Minister Mark Carney embarks on his first official visit to Asia on Friday in an attempt to deepen trade and security ties at a time when the North American country is struggling to lessen its overwhelming dependence on the U.S. and redefine its foreign policy in pursuit of new markets. Canadian government … Read more
Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation. Benchmark Brent crude futures are down 11.6% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. trade policy. Company Description … Read more
CALGARY, Alberta, Oct. 24, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has, through its wholly owned subsidiary Gran Tierra Energy Colombia GmbH, a Swiss limited liability company (the “Seller”), entered into a crude oil sale and purchase agreement and a related prepayment addendum (together, the … Read more
It seems unlikely MEG Energy will remain a stand-alone company, but experts say it’s not an impossibility This Article and More From Chris Varcoe Here Original: calgaryherald.com/opinion/columnists/varcoe-megs-future-unclear-as-investors-prepare-to-vote-on-cenovus-takeover-bid A few weeks ago, MEG Energy investors were contemplating the prospect of two competing takeover bids for the oilsands company. Less than 10 days from now, will there … Read more
U.S. oil company ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters, as it moves to cut up to a quarter of its global workforce by next year. The memo did not specify how many layoffs would take place but said they would begin … Read more
Two British Columbia First Nations are taking the federal government to court to quash a decision approving the Ksi Lisims floating natural-gas facility and marine export terminal.
The Lax Kw’alaams Band and the Metlakatla First Nation filed separate…
Mayor Brad West takes a stand for the workers and industries that keep British Columbia running By Nelson Bennett By Resource Works More News and Views From Resource Works Here After being elected mayor of Port Coquitlam in 2018 and attending his first Union of BC Municipalities meeting as mayor, Brad West was dismayed by the attitude … Read more
Summary Brent, WTI both headed for 7% weekly gain US sanctions on two Russian oil companies raise supply concerns Chinese state oil majors to suspend Russian oil purchases Indian refiners set to cut their Russian crude imports (Reuters) – Oil prices edged up on Friday, extending the previous day’s surge and on track for a … Read more
Data show oil spills are a thing of the past and private proposers will come forward once regulatory barricades are cleared By Kenneth Green The latest war of words over pipelines is between Alberta Premier Danielle Smith, who wants to see one built from Alberta’s oilsands to export facilities on the Pacific coast, and British Columbia Premier David Eby, who … Read more
Alberta Premier Danielle Smith reiterated her province’s commitment to becoming a carbon neutral economy by 2050 at a parliamentary committee on Thursday, where MPs are studying Canada’s emissions reduction plan for the end of this decade.
Her virtual…
(Reuters) – The Trump administration on Thursday announced a series of steps to open up Alaskan wilderness to energy and infrastructure development, including by resuming oil and gas leasing in the remote Arctic National Wildlife Refuge. The Interior Department said in a statement that it will reopen the full 1.5-million-acre (0.6-million-hectare) Coastal Plain of the … Read more
(Reuters) -Suncor Energy on Thursday reported the restart of units in sequence at its 137,000 barrels-per-day Montreal refinery. On Monday, a power outage had prompted a shutdown at the refinery. “This restart should last a few days. During this period, the flame from the flare may be more visible,” the company said in a notice … Read more
(Reuters) – President Vladimir Putin said on Thursday that Moscow would never bow to pressure from the United States or any other foreign power, and cautioned that it would deliver an “overwhelming” response to any military strikes deep inside Russia. U.S. President Donald Trump on Wednesday hit Russia’s two biggest oil companies with sanctions in … Read more
Canada’s main stock index closed more than 200 points higher and U.S. markets all saw a lift on Thursday thanks to strength in energy, metals and tech.
The S&P/TSX composite index finished up 203.30 points at 30,186.28.
In New York, the Dow Jones ind…
Building up port infrastructure and exporting more resources like the critical minerals in Ontario’s Ring of Fire are key parts of Ottawa’s plans to double non-U.S. exports, Prime Minister Mark Carney said Thursday.
“Part of those strategies that are …
Here is a summary of some of the thousands of international sanctions imposed on Russia over its invasion of Ukraine. ENERGY COMPANIES – U.S. President Donald Trump placed sanctions on Russian oil giants Rosneft and Lukoil on October 23, giving other companies until November 21 to wind down transactions with them. On October 9, Washington … Read more
(Reuters) – Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country’s Midwest region, the technology company said on Thursday. Big Tech’s plans to expand technologies like generative artificial intelligence, which will … Read more
(Reuters) – The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a tight market in the near term, erasing earlier signs of a fear of a glut. The first-month Brent contract is now trading at near $2 … Read more
Summary U.S. imposes sanctions on Russian producers Rosneft, Lukoil India is biggest buyer of seaborne Russian oil since Ukraine war Russian oil purchases a key Trump irritant in India trade talks Reliance plans to halt imports under Rosneft deal – sources (Reuters) – Indian refiners are poised to sharply curtail imports of Russian oil to … Read more
Summary US slaps sanctions on Rosneft, Lukoil over Ukraine war Indian refiners reviewing their Russian oil purchases US crude, fuel stocks down on strong refining and demand (Reuters) – Oil prices rose nearly 5% on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war, extending gains from the … Read more
CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Prospera Energy is pleased to announce the commencement of a major pipeline replacement and infrastructure upgrade project in the Cuthbert area. The project involves the replacement of two key legacy pipelines over a ten-day construction period, with a … Read more
CALGARY, AB, Oct. 22, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2025. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related management’s discussion and … Read more
Whitecap Resources Inc. raised its production guidance as it said it earned $204.2 million in latest third quarter, down from $274.2 million during same period last year.
The company, which combined operations with Veren Inc. earlier this year, says …
In a recent episode of CPAC PrimeTime Politics, three bureau chiefs from three major Canadian newspapers discussed the fracas between Alberta Premier Danielle Smith and Prime Minister Mark Carney. The Smith government plans to submit a proposal to Ottawa to build an oil pipeline from Alberta to British Columbia’s north coast. The episode underscored the … Read more
27 tankers departed Westridge Marine Terminal in September, implying an estimated 13.6 million barrels were exported By Meghan Potkins Original: financialpost.com/commodities/energy/oil-trans-mountain-pipeline-ships-to-china-boosting-canadian-prices China is buying more Canadian oil shipped from the Trans Mountain pipeline terminal in British Columbia, analysts say, as trade tensions flare between Beijing and the United States. Twenty-seven tankers departed Westridge Marine Terminal … Read more
By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta’s oil sands sector is one of Canada’s most important industries — and also one of its most misunderstood. Here are five common myths, and the facts behind them. Myth: Oil sands emissions are unchecked Steam generators … Read more
U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war. The U.S. Treasury Department said it was prepared to take further action as it called on Moscow … Read more
U.S. President Donald Trump on Wednesday said he expected to reach a trade agreement with Chinese President Xi Jinping, and said he would raise concerns about China’s purchases of Russian oil during their meeting in South Korea next week. “I think we’ll make a deal,” Trump told reporters during a meeting with NATO Secretary General … Read more
CALGARY, Alberta, Oct. 22, 2025 (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 news release. … Read more
CALGARY, AB, Oct. 22, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2025. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related management’s discussion and … Read more
(Reuters) – The operator of Canada’s Trans Mountain pipeline and oil shippers are in talks to resolve a shipping cost dispute that has deterred usage of Canada’s only east-west pipeline and hindered the government’s plan to sell it. Documents filed with the Canada Energy Regulator on Tuesday by Trans Mountain Corp and a group of … Read more
Powering Tomorrow. Together. A national summit for Indigenous energy leadership, equity-driven partnerships, and a more sustainable future. November 5-6, 2025 – Grey Eagle Casino and Resort – Calgary, AB The Indigenous energy economy is one of the fastest-growing sectors in Canada — and spark is capturing that momentum with the launch of this high impact Indigenous … Read more
(Reuters) – Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. Dealmaking fell for the third straight quarter as U.S. crude futures averaged around $65 a barrel during the July through September period, around the level producers … Read more
Fuel the Future of Energy Share Your Expertise The Energy Influencers Conference is where the brightest minds in Oil & Gas, New Energy, and AI & Data Centres shape the next era of innovation. This is your chance to showcase groundbreaking technologies, real-world solutions, and proven strategies to a global audience of industry leaders. The 2026 … Read more
Postponement rattles investors with analysts warning the Cenovus deal could fail again By Meghan Potkins Employees torque a pipe at a wedge well at Cenovus Energy’s Christina Lake oil production facility. Photo by Brent Lewin /Bloomberg Original: financialpost.com/commodities/energy/oil-gas/cenovus-delays-meg-vote For the second time, a shareholder vote on Cenovus Energy Inc.‘s takeover of MEG Energy Corp. has … Read more
Halliburton Co. is diversifying into data-center power generation amid slackening worldwide demand for oilfield fracking. The company has sealed a deal with VoltaGrid LLC to provide electricity generation to data centers, marking its first major foray into powering the artificial-intelligence sector. Halliburton’s move into the data-center industry follows similar moves by oilfield competitors Baker Hughes … Read more
Mullen Group Ltd. reported its third-quarter profit fell compared with a year ago as acquisitions helped boost its revenue.
The trucking and logistics company says it earned $33.2 million or 36 cents per diluted share for the quarter ended Sept. 30.
T…
Ron Bousso Summary Brent oil prices drift towards $60 a barrel Future contracts have shifted in recent weeks into a contango structure Huge divergence in estimates over OPEC production to put floor on oil price decline (Reuters) – Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but … Read more
Summary Trump says India to limit Russian oil purchases Trump-Putin summit put on hold US-China trade talks in doubt (Reuters) – Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by hopes of progress of a U.S. trade deal with China and India. Brent crude futures rose 96 cents, … Read more
Retrofitting sustainability onto a business model fundamentally at odds with it. By Margareta Dovgal of Resource Works I’ve been watching the climate conversation with a growing sense of frustration. We seem to be stuck in a stalemate, paralyzed by an unstoppable force meeting an immovable object. The result is climate policy that wobbles: asymmetrical application, … Read more
By Julio Mejía and Elmira Aliakbari The Carney government recently announced changes to the Clean Fuel Regulations (CFR), signalling stricter carbon content rules for gasoline and diesel—though few details were provided. While the prime minister expressed confidence that the changes will strengthen the Canadian economy, in reality, the CFR is designed to increase fuel prices in exchange … Read more
Nova Scotia Premier Tim Houston shuffled his cabinet on Tuesday in a ceremony closed to the media, dropping three members who oversaw the departments of justice, energy and natural resources.
In a news release, the premier said he will take over the e…
CALGARY, AB, Oct. 21, 2025 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its third quarter 2025 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis (“MD&A”) as at September 30, 2025 and for the three and nine months ended September … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce non-binding term sheets for a proposed preferred share financing (the “Proposed Financing”) to raise US$18.9 million (approximately C$26.5 million at current exchange … Read more
CALGARY, AB, Oct. 21, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) is pleased to announce the successful closing of the previously announced sale of its Sylvan Lake gas plant and associated gas gathering infrastructure (collectively, the “Sylvan Lake Gas Processing Facility”) to Parallax Energy Operating Inc. for total proceeds of $5.5 million in cash, subject … Read more
(Reuters) – The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks to take advantage of relatively low oil prices to help replenish the stockpile. The previous administration of former President Joe Biden sold record amounts … Read more
(Reuters) – Ananym Capital would like to see energy and technolgy company Baker Hughes spin out its oil field services and equipment business, arguing such a step could help push up the stock price by at least 60%. “That’s our preferred path based on our analysis,” Ananym co-founder Charlie Penner said on Tuesday at the … Read more
By Yusuke Maekawa Japan’s trade minister said the country aims to curb dependence on Russian liquefied natural gas, but can’t immediately halt imports despite growing pressure from the US. “Japan has steadily reduced dependency on Russian energy in the wake of the Ukraine war,” Trade Minister Yoji Muto said on Tuesday, without providing a timeline … Read more
By Tanay Dhumal Oct 21 (Reuters) – Halliburton (HAL.N) said on Tuesday it expected international oilfield revenue to rise in the fourth quarter as overall drilling activity remained steady, while projecting $400 million in annual savings from its cost-cutting measures. Shares of the company, the third-largest global oilfield services company by revenue, jumped 9%, aided … Read more
CALGARY – Cenovus Energy Inc. says a vote by MEG Energy Corp. shareholders on its proposed takeover offer is being postponed after it appeared to be on course to fall short of the required two-thirds majority to be approved. The company said Tuesday at the time of the postponement that about 63 per cent of … Read more
CALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that the special meeting of holders of common shares of MEG Energy Corp. (“MEG”) related to Cenovus’s proposed acquisition of MEG has been postponed, pursuant to Cenovus exercising its contractual postponement right, from October 22, 2025, to October 30, 2025. The deadline … Read more
Approximately 63% of the MEG Shares represented by proxy or expected to be voted in person at the Meeting are FOR the approval of the Cenovus Transaction, despite opposition from Strathcona which is assumed to have voted against the Cenovus Transaction The Meeting has been postponed, pursuant to Cenovus exercising its contractual postponement right, to Thursday, October 30, 2025 at 9:00 a.m. (Calgary Time) … Read more
(Reuters) – Oil prices rose on Tuesday after a fall in the previous session as traders navigated concerns over an oversupplied market along with the trade dispute between the U.S. and China, the world’s top two oil consumers. Brent crude futures were up 52 cents, or 0.84%, at $61.52 a barrel at 1019 GMT. The U.S. West … Read more
It’s not about ideology at forty degrees below zero. It’s about survival By Stewart Muir By Resource Works More News and Views From Resource Works Here When the thermometer plunges to forty below, ideology no longer matters. Survival does. That lesson was driven home in January 2024, when a brutal cold snap swept across America’s … Read more
by Maureen McCall Reliability and affordability of energy operations are inextricably linked to Shutdowns and Turnarounds Shutdown and Turnaround events- scheduled events designed to address wear and tear, perform essential upgrades, and ensure that equipment and systems continue to operate at optimal performance – are critical to the success and reliability of energy operations. Whether planned … Read more
Farkas fewer than 600 votes ahead of Sharp in very narrow contest With all ballots counted early Tuesday morning, former Ward 11 councillor Jeromy Farkas has edged out Communities First leader Sonya Sharp in the unofficial results of the 2025 Calgary mayoral election. Following a neck-and-neck race with his rival overnight, results released by … Read more
Technical hiccups have slowed the B.C. facility’s startup at a tough time for Western Canada gas producers By Meghan Potkins Original: financialpost.com/commodities/energy/oil-gas/lng-canada-tanker-traffic-falls-short-expectations The number of tankers carrying liquefied natural gas from LNG Canada’s terminal fell short of analysts’ expectations last month, as technical hiccups have slowed the B.C. facility’s startup at a tough time for … Read more
OTTAWA – The federal government has not issued specific criteria to define the “national interest” under its new major projects law, despite calls from MPs to do so. The Building Canada Act intends to select projects that are in the “national interest” for special treatment to get faster approvals, including being exempted from adhering to … Read more
Free Online Seminar Series (Oct 22–Dec 10) — featuring SICK® gas-measurement technologies within Endress+Hauser Modernizing gas measurement sits at the center of reliability, compliance, and sustainability. As regulations tighten and energy mixes evolve, operators are looking for upgrades that deliver measurable results—without adding complexity. Endress+Hauser’s free online seminar series brings practical guidance, case examples, and … Read more
Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation … Read more
Calgary, Alberta–(Newsfile Corp. – October 20, 2025) – Clearview Resources Ltd. (“Clearview” or the “Company“) is pleased to announce the successful completion of its previously announced sale transaction with a publicly traded oil and gas company (the “Purchaser“) by way of plan of arrangement under section 193 of the Business Corporations Act (Alberta) (the “Transaction“), pursuant to which … Read more
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, Oct. 20, 2025 /CNW/ – Operational Update Highwood Asset Management Ltd. (“Highwood” or the “Company) completed one unbooked gross (1.0 net) well in the third quarter of 2025, being the 100/13-15-048-14W5 well (the “13-15 well”) in the Basal sand at Brazeau that was spud in June. Highwood … Read more
CALGARY, Alberta, Oct. 20, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2025. Third Quarter Highlights Oil royalty production increased 11% over Q3 2024(1) averaging 14,127 barrels per day. Total royalty production averaged 25,687 BOE … Read more
(Reuters) – The backers of a proposed 800-mile (1,287 km) gas pipeline in Alaska championed by U.S. President Donald Trump expect to complete a key engineering and cost study by the end of this year, Interior Secretary Doug Burgum said on Monday. The ambitious proposal to transport gas from Alaska’s far north to the Gulf … Read more
(Reuters) – A lobbying group whose board includes U.S. firms like Oracle, Amazon.com and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars’ worth of U.S. exports and will prompt China and other countries to drop U.S. firms from their supply chains. In a letter addressed … Read more
CALGARY, Alberta, Oct. 20, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2025. Third Quarter Highlights Oil royalty production increased 11% over Q3 2024(1) averaging 14,127 barrels per day. Total royalty production averaged 25,687 BOE per … Read more
By Julian Lee A flotilla of crude oil on the world’s oceans expanded to a fresh high as producer nations keep adding barrels and the tankers sail further for deliveries. A total of 1.24 billion barrels of crude and condensate, a light form of oil recovered from gas fields, was moving on tankers in the … Read more
Ukraine may import gas worth around $2 billion from Europe, the United States and Azerbaijan this winter, President Volodymyr Zelenskiy said, after its gas infrastructure was severely damaged by Russian attacks. He did not specify how much gas Ukraine planned to purchase. Kyiv had expected to import 4.6 billion cubic meters (bcm) of gas before … Read more
(Reuters) – EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said. The ministers approved the plans, which would phase out new Russian gas import contracts from January 2026, existing short-term contracts from June 2026, and long-term … Read more
Summary Trump keeps up pressure on India to stop buying Russian oil U.S.-India trade talks ‘congenial’, Indian official says “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters aboard Air Force One. Asked about India’s assertion that it was not aware … Read more
Summary Trade tensions spur oil demand concerns Trump keeps pressure on India to stop buying Russian oil Brent six-months spread in 30-cent contango (Reuters) – Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures … Read more
Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada is expected to release its business outlook survey and its Canadian survey of consumer expectations on Monday. The central bank cut its polic…
(Reuters) – Oil, gas and coal will continue to dominate the world’s energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. WHY IT’S IMPORTANT Continued use of fossil fuels poses a major challenge to achieving global net-zero climate targets. Electricity demand will rise mainly … Read more
Until recently, pneumatic vent rates have been tedious and challenging to report. Fortunately, the Oil and Gas Methane Partnership 2.0 (OGMP) has approved the use of nitrogen data for Level 4 pneumatics reporting. This approval makes OGMP Level 4 reporting easy and speaks to the high quality of venting data generated by Kathairos Solutions’ nitrogen-based … Read more
Canadian School of Hydrocarbon Measurement • Sunday, October 26 • Tara Centre, Evergreen Park (Grande Prairie) Westech Industrial is heading to the Canadian School of Hydrocarbon Measurement (CsHm) in Grande Prairie, and we’d love to see you at Booth 30. If you work in measurement, operations, integrity, or HSE, this one-day event is a great … Read more
The CEO of a Montreal-based company that uses satellites to monitor methane emissions says interest in his technology continues to reach new heights, even as governments appear to be wavering on their climate commitments.
Since 2016, Stéphane Germain…
See This Story and More by Spencer Van Dyk Here Amid efforts to rebuild the long-fraught relationship with India, that country’s new high commissioner says Canada is “not yet” a reliable supplier of conventional energy, namely oil and gas. The diplomatic relationship between Canada and India soured more than two years ago, when former prime … Read more
LNG Canada CEO Jason Klein stands on a receiving platform overlooking LNG facilities in Kitimat. THE CANADIAN PRESS/Darryl Dyck By Resource Works More News and Views From Resource Works Here What the public doesn’t see behind all the climate summit fanfare is a carefully choreographed performance where capitals everywhere scramble to perfect their lines for … Read more
Assessing the Strategic, Economic, and Environmental Advantages on British Columbia’s Northern Coast by EnergyNow Staff With ongoing discussions about diversifying Alberta’s crude oil export routes, selecting the right destination port on British Columbia’s northern coast is critical. This analysis examines Prince Rupert as a prime candidate, highlighting why it stands out as the best … Read more
CALGARY, AB, Oct. 17, 2025 /CNW/ – ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, “ARC Energy Fund 8“) issue this press release pursuant to National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 … Read more
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Friday. WCS for November delivery in Hardisty, Alberta, settled at $10.90 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday’s close of $10.35. * October’s tight discount is being driven by supply impacts from … Read more
By Erwin Seba Summary Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand (Reuters) – Oil prices managed small gains on Friday but were headed for a weekly loss of nearly 3% after the … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 548 in the week to October … Read more
The maritime industry accounts for over four-fifths of the world’s trade and more than one per cent of all emissions By Jack Wittels The world’s shipping regulator postponed a decision on adopting a landmark charge on vessel emissions, a shock move that highlights the Trump administration’s efforts to disrupt international climate diplomacy. The postponement marks … Read more
The automaker is incurring US$1.6 billion in charges tied to its pullback from EVs By Mathieu Dion General Motors Co. and a partner have paused the second phase of a cathode factory in Quebec, resulting in the cancellation of a nickel sulfate project by Vale SA. GM agreed in 2022 to buy nickel supplies from … Read more
By Jake Fuss and Grady Munro Ahead of the Carney government’s long-awaited first budget scheduled for Nov. 4, a recent CBC commentary described the long-standing debate about the federal deficit and the state of federal finances as “something of a phoney war.” And that calls to balance the budget—expressed today and over the last decade—have lacked any … Read more
U.S. and European pressure on Asian buyers of Russian energy could restrict India’s oil imports from December, leading to cheaper supplies for China, while Japan is unlikely to halt its Sakhalin liquefied natural gas shipments for now, trade sources and analysts said. Washington is exerting pressure on China, India and Japan through trade talks to … Read more
(Reuters) – Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas is primed to remain the main power source for factories and production lines … Read more
(Reuters) – SLB beat Wall Street estimates for third-quarter profit on Friday, as steady demand in North America and contributions from its recent ChampionX acquisition helped offset weakening oilfield activity in other regions. The U.S. oilfield market appears to be stabilizing after months of reduced spending, but international demand, historically SLB’s major profit driver, remains tepid. … Read more
Canadian oil shipments to China are surging as the country shuns U.S. crude amid an intensifying trade dispute By Robert Tuttle Canadian oil exports to China are on pace for a record month amid a surge of purchases as the Asian giant pivots away from United States crude. Almost 5 million barrels have been shipped … Read more
(Reuters) – Oil prices edged lower on Friday, heading for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine. Brent crude futures were down 15 cents, or 0.25%, at $60.91 a barrel at 1140 … Read more
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $10.35 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday’s close of $10.25. * October’s tight discount is being driven by supply impacts from … Read more
(Reuters) – Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) by 2029, the U.S. Energy Information Administration said on Thursday. The EIA cited its Liquefaction Capacity File and trade press reports for the forecast, and added … Read more
MONTREAL — The electric-vehicle slowdown is being felt in Bécancour, the city at the heart of Quebec’s dreams of becoming a hub in the North American battery supply chain. The planned expansion of a battery facility in the city has been put on hold, while the plant that was supposed to feed it has been … Read more
Tony Wakeham promised to launch an independent review and use it ‘to fix this deal or demand a better one’ By Mathieu Dion Newfoundland and Labrador premier-designate Tony Wakeham at a Progressive Conservative campaign party on election day in Stephenville, N.L., Oct. 14. Photo by Jessica Stapleton/The Canadian Press Voters in Newfoundland and Labrador elected … Read more
By George Myrer Premier Tim Houston’s optimism for what the Wind West project can deliver for Nova Scotians is as high as the offshore winds. The Wind West Atlantic Energy project was shortlisted by the federal government’s Major Projects Office for future fast-tracking last week. The project, which is expected to produce enough energy to meet … Read more
(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy … Read more
(Reuters) – The European Union has set a requirement for fuel importers into the bloc to prove their fuels are not made from Russian crude, according to a document published on Thursday. The document provides guidance on the EU’s upcoming ban on imports of fuels refined from Russian crude, part of its 18th sanctions package … Read more
By Maha El Dahan Qatar supplies 12%-14% of Europe’s LNG since Russia’s invasion of Ukraine Qatar’s energy min says calls to EU Commission go unanswered Changes proposed by EU lawmakers this week don’t address Qatar’s key concerns Oct 16 (Reuters) – Qatar will not be able to do business in the EU, including supplying Europe … Read more
By Aliaksandr Kudrytski and Olesia Safronova Russia attacked Ukraine’s natural-gas infrastructure overnight, dealing a fresh blow to output as President Volodymyr Zelenskiy prepares for talks in Washington. The Ukrainian leader is set to visit the US capital after Moscow ramped up strikes against his country’s energy facilities, knocking out nearly 60% of gas production this … Read more
By Stephen Stapczynski and Rong Wei Neo Blacklisted Russian liquefied natural gas shipments are poised to keep entering China as both countries seem prepared to circumvent the UK’s latest sanctions. The UK on Wednesday imposed restrictions on the Beihai LNG terminal in southern China, citing its imports of fuel from a sanctioned Russian facility. However, … Read more
Trans Mountain is facing $292,000 in regulatory fines for alleged environmental issues in January 2024 along a stretch of its British Columbia pipeline expansion route hit by a major rainstorm.
The Canada Energy Regulator posted four penalties dated …
(Reuters) – Kremlin spokesman Dmitry Peskov said on Thursday that Moscow was able to supply high-quality oil at lower prices to countries that U.S. President Donald Trump is trying to persuade to stop buying Russian oil. Peskov said that the principles of free trade would be violated if such countries were deprived of the right … Read more
CALGARY, AB, Oct. 16, 2025 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces that D. Michael G. Stewart will be retiring from the Board of Directors (the “Board”) as Chair and a director on January 5, 2026, after four and a half years of exceptional service. The Bonterra Board of Directors wish to thank Michael for … Read more
Here are some of the main parts of his speech. He spoke in Russian and his words were translated by Reuters. ON FUTURE OF OIL MARKET: “According to estimates, global oil demand this year will amount to 104.5 million barrels per day, more than a million more than last year. The main factors driving consumption … Read more
Ron Bousso Summary International Energy Agency expects heavy oversupply in oil market Agency however reports 1.5 million bpd of ‘unaccounted’ oil in August IEA bearish outlook clashes with OPEC forecasts (Reuters) – The International Energy Agency continues to forecast a significant supply glut in the oil market, but uncertainty over the whereabouts of almost 1.5 … Read more
Summary Trump said India will halt Russian oil purchases India said its goals are to ensure stable energy prices, secure supply Bessent told Japan Finance Minister that US expects Japan to stop importing Russian energy The UK announced new sanctions targeting Russian oil (Reuters) – Oil prices were stable on Thursday as market traders prepared … Read more
By Jack Queen Oct 15 (Reuters) – A federal judge in Montana on Wednesday threw out a lawsuit by youth activists seeking to block U.S. President Donald Trump’s pro-fossil fuel energy policies, finding he lacked the power to act. A group of young people represented by the nonprofit Our Children’s Trust sued in May, arguing … Read more
Oct 15 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint “one of the top consultants” to visit member states and assess their production capacity in the coming months, Kuwait’s oil minister Tareq Al-Roumi said on Wednesday. OPEC+ ministers asked OPEC’s headquarters in May to develop a mechanism to assess … Read more
An investment firm is asking the Alberta Securities Commission to investigate Cenovus Energy Inc.’s sweetened takeover offer for MEG Energy Corp., alleging it undermines what should be a fair contest.
Cole Smead, CEO and co-founder of Smead Capital M…
Two-thirds say cordial tone at White House meeting will not lead to true progress in trade war New data from the non-profit Angus Reid Institute finds that in contrast with U.S. President Donald Trump’s sentiment, that Canadians will be “very happy” with the trade deal coming their way, most are feeling increasingly less confident that … Read more
ROME, Oct 15 (Reuters) – A Ukrainian man suspected of coordinating the 2022 attacks on the Nord Stream gas pipelines will not be handed over to the German authorities for the moment after Italy’s top court on Wednesday upheld an appeal against his transfer, his lawyer said. The man, identified only as Serhii K. under … Read more
Join dynamic discussions on the key power sector issues, innovations, and alternative energy developments that are driving the path to net zero. This is a Pivotal Moment for Alberta’s Energy Future REGISTER NOW As federal climate and energy policy faces renewed scrutiny, cross-border dynamics shift under a second Trump administration, and Alberta pushes forward with market … Read more
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures settled at $10.25 a barrel under the U.S. benchmark WTI on Wednesday, its narrowest differential since July. WCS for November delivery in Hardisty, Alberta, narrowed from $10.30 a barrel on Tuesday, according to brokerage CalRock. * The WCS discount typically widens … Read more
CALGARY, AB, Oct. 15, 2025 /CNW/ – Tamarack Valley Energy Ltd. is pleased to announce it has successfully closed the previously announced sale of its non-core producing assets in the Veteran Consort and Eyehill areas of Eastern Alberta. Gross proceeds from the divestment were $112.0 million before closing adjustments and the assumption of undiscounted asset retirement obligations of $63 million (~50% inactive). The Company has … Read more
B.C. tanker ban an example of federal rules that have to change By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Enbridge CEO Greg Ebel. The company’s extensive pipeline network transports about 30 per cent of the oil produced in North America and nearly 20 per … Read more
(Reuters) – Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a … Read more
Lifting the oil tanker ban off British Columbia’s North Coast for a nonexistent pipeline from Alberta would endanger billions in other real investments that Premier David Eby says will need the support of coastal First Nations.
Eby says he’s asking t…
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Oct. 15, 2025 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint” or the “Company“) announces today that it has closed its oversubscribed, upsized initial public offering of 32,000,000 class “A” common shares (“Class A Shares“) at a price of C$22.00 per Class A Share (the “Offering … Read more
Summary OPEC head repeats call for investments in oil and gas Energy security key to climate action success – Saudi minister Saudi minister sees Europe struggling with transition challenge (Reuters) – The head of OPEC and the producer group’s most influential energy minister on Wednesday defended oil’s role in providing secure energy supplies, pushing back … Read more
Summary IEA expects 2026 oil supply surplus US-China trade tensions in focus for oil prices Analysts expect rise in US crude inventories, fall in gasoline and distillates (Reuters) – Oil prices steadied on Wednesday after closing at five-month lows in the previous session, as investors weighed the International Energy Agency’s prediction of a supply surplus … Read more
‘Today’s youth have the opportunity to lead us into the future with innovative solutions for environmental challenges’ Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Tanya Richens is an oil sands reclamation specialist who has published two educational children’s books. Photo for the Canadian Energy Centre After a … Read more
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for November delivery in Hardisty, Alberta, settled at $10.30 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday’s close of $10.65. Markets were closed Monday for the Canadian Thanksgiving holiday. * The … Read more
Oct 15 (Reuters) – Cenovus Energy bought more shares in MEG Energy, raising its stakes to 9.8% in the Canadian oil sand company. This follows Cenovus’s Tuesday purchase of 21.7 million shares, strengthening its position to acquire one of Canada’s last large pure-play oil sands companies ahead of the October 22 shareholder vote. Earlier this month, Cenovus increased … Read more
The executives of two oil companies warned this week that tariffs resulting from the U.S. administration’s trade policies were driving up costs across the energy production chain and affecting investment decisions. TotalEnergies CEO Patrick Pouyanne told the Energy Intelligence Forum in London on Tuesday that tariffs on steel were pushing up costs for liquefied natural gas … Read more
Calgary, Alberta–(Newsfile Corp. – October 14, 2025) – Suncor Energy (TSX: SU) (NYSE: SU) announces that Kris Smith, the company’s Chief Financial Officer, will retire on December 31, 2025, after more than 25 years of service. During his tenure at the Company, Kris has held several roles prior to his current role, including Executive Vice President, Downstream … Read more
The Improved Cenovus Transaction is valued at $29.79 per MEG Share as of close of market on October 10, 2025, payable 50% in cash and 50% in highly liquid Cenovus Shares MEG Shareholders are encouraged to make an election with respect to their preferred form of consideration to be received for the Improved Cenovus Transaction ahead of the Revised Election … Read more
Ukrainian long-range drones at an undisclosed location in February. Photographer: Evgeniy Maloletka/AP Photo The impact from Ukrainian drone strikes will suppress Russia’s refinery processing rates until at least mid-2026, the International Energy Agency says in its latest monthly oil-market report. Kyiv has been intensifying attacks on its foe’s energy infrastructure — including oil refineries, pipelines … Read more
By Grant Smith Evidence of a long-awaited supply overhang on global crude markets is becoming more tangible. This year’s long-anticipated oil surplus has taken so long to show itself that traders were starting to doubt it would ever arrive. The wait seems to be ending. While global supply has been exceeding demand at a brisk … Read more
U.S. fuel distributor Sunoco LP’s proposed takeover of Calgary-based fuel retailer and refiner Parkland Corp. has cleared a key regulatory milestone with Ottawa’s approval under the Investment Canada Act.
The transaction is expected to close in the f…
CALGARY, Alberta, Oct. 14, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an aggregate of 21,723,540 common shares of MEG Energy Corp. (“MEG”) through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly … Read more
CALGARY, AB, Oct 14, 2025 /CNW/ – Parkland Corporation (“Parkland”) (TSX: PKI) and Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) today announced that the Government of Canada has approved the previously announced proposed acquisition of Parkland by Sunoco (the “Transaction”), in accordance with the terms of the Investment Canada Act. The Transaction is expected to close in the … Read more
Summary OPEC’s forecasts had pointed to tighter market in 2026 OPEC leaves demand forecasts unchanged for 2025, 2026 IEA, which sees big 2026 surplus, to update view on Tuesday (Reuters) – World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, … Read more
Summary Oil and fuel export revenues down to $13.35 billion in September Crude exports rise to 5.1 mln bpd, highest since May 2023 Oil product exports drop to 2.4 mln bpd, lowest since April 2020 Drones knocked out another 200,000 bpd of crude processing MOSCOW, Oct 14 (Reuters) – Russia’s revenues from crude oil and … Read more
(Reuters) – The global oil market will tighten in the medium to longer term, a range of oil industry executives said in London this week, maintaining optimism despite a near-term glut driven by rising output. Production decline rates, which could accelerate as prices fall, will help to rebalance the oil market as longer-term demand is … Read more
Summary IEA expects global supply to rise by 3 million bpd in 2025 Trims demand growth forecast this year to 710,000 bpd Implied surplus to reach 4 million bpd in 2026 LONDON, Oct 14 (Reuters) – The world oil market faces an even bigger surplus next year of as much as 4 million barrels per … Read more
Front-month U.S. crude oil futures ended Monday’s trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal refinery maintenance in the U.S. pressures demand for prompt barrels. Narrowing backwardation, the market term for immediate deliveries fetching a premium over later deliveries, suggests investors are making less … Read more
Colin Maskey, President and General Manager of Compass Bending Ltd is pleased to welcome Justin Roe to the Compass team, as Senior Business Development Manager. Justin brings a wealth of experience and a proven track record in the bending industry, having worked in production earlier in his career, and Business Development for more than 15 … Read more
Summary Brent crude futures, WTI both fall 1.6% IEA raises its forecast for global oil supply growth this year IEA also lowers its demand growth forecast LONDON, Oct 14 (Reuters) – Oil prices fell by more than 2% on Tuesday as trade tensions flare between the U.S. and China, the world’s two biggest economies, and … Read more
Cenovus Energy Inc. says it has acquired an 8.5 per cent stake in MEG Energy Corp.
The company, which has made a friendly takeover offer for MEG, says it acquired the 21,723,540 shares since Oct. 8 when it increased its bid.
The announcement follows …
Saudi Aramco can sustain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional costs, Chief Executive Amin Nasser said on Monday. Saudi Arabia holds a substantial share of the world’s spare oil capacity – idle supply that can quickly be brought to market. Speaking at the Energy Intelligence … Read more
By Hugo Dixon (Reuters Breakingviews) – The Group of Seven says it wants to “maximise pressure on Russia’s oil exports”. If the rich industrialised nations are serious, they could slash Moscow’s income from overseas crude by up to $80 billion a year. That would deliver a big blow to the Kremlin’s flagging economy and might … Read more
U.S. energy major ExxonMobil sees a tighter oil market in the medium to longer term, particularly in the absence of further investments in unconventional oil and gas assets, Chief Executive Darren Woods said on Monday. Oil market oversupply is likely to be a short-term issue, with demand from emerging economies set to make meeting global … Read more
By This Article and Latest Stories by Steven Wilhelm Here Premier Danielle Smith expects Prime Minister Mark Carney to ‘act decisively’ in support of Alberta’s pipeline to the B.C. coast As British Columbia opposes a new oil pipeline to the province’s northern coast, the federal government is under pressure to choose a side on a highly … Read more
Summary Brent and WTI rebound from 5-month lows China September crude imports rise 3.9% on year First Israeli hostages released from Gaza (Reuters) – Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks between the presidents of the United States and China that could ease … Read more
The energy sector continues its path through digital transformation. For decades, automation has been a cornerstone of operational efficiency, but artificial intelligence (AI), machine learning, advanced data analytics, and integrated data platforms are reshaping what’s possible. Control systems, once limited to facility level operations, have come a long way. Today’s systems are integrated with IT … Read more
From inspections to maintenance, our clients’ service providers are logging work straight into their Muddy Boots platform. These service providers record their work directly in Muddy Boots giving our clients real-time visibility. Want to know how they’re doing it? Contact us: [email protected]
Kenneth P. Green Another day, another electric vehicle (EV) fantasy failure. The Quebec government is “pulling the plug” on its relationship with the Northvolt EV battery company (which is now bankrupt), and will try to recoup some of its $270 million loss on the project. Quebec’s “investment” was in support of a planned $7 … Read more
Fewer say it should receive a “fast-track”, but support outpaces opposition from coast-to-coast October, 2025 – A pipeline-related spat is playing out on social feeds in real time as B.C. Premier David Eby and Alberta Premier Danielle Smith send volleys back and forth about the value and risk of a pipeline from Alberta to the … Read more
‘He’s still recovering from surgery to have his elbows removed,’ says Conservative Leader Pierre Poilievre, on Prime Minister Mark Carney no longer taking the tough-guy Elbows up approach with Trump By THis Article and More From Rick Bell HERE President Donald Trump and Canadian Prime Minister Mark Carney meet in the Oval Office of the … Read more
October 10, 20255:34 PM CNW Improved Cenovus Transaction involves consideration of $29.79 per MEG Share as of close of market on October 10, 2025 MEG has filed the Amending Agreement in connection with the Improved Cenovus Transaction The MEG Shareholder meeting has been postponed to Wednesday, October 22, 2025 at 9:00 a.m. (Calgary Time) to allow MEG Shareholders additional time to deposit proxies and vote FOR the Improved … Read more
By Geoff Russ By Resource Works More News and Views From Resource Works Here British Columbia’s long-heralded era of liquefied natural gas exports arrived this past summer. Apart from the celebrations the Haisla Nation held in Kitimat, where the newly minted LNG Canada facility loaded its first Asia-bound cargoes, the biggest commemoration of that … Read more
By Stewart Muir By Resource Works More News and Views From Resource Works Here Is the Trans Mountain a fake, like some say the moon landing was faked? It’s hard to interpret otherwise a persistent claim being made in media by British Columbia’s premier, David Eby. This week he said that Alberta is “not even … Read more
(Reuters) – Reviving the proposed Keystone XL oil pipeline from Alberta to the U.S. could play a part in tightening U.S.-Canada energy cooperation, Prime Minister Mark Carney said on Friday. Carney raised the idea during a Tuesday meeting in the Oval Office with U.S. President Donald Trump on defusing trade tensions, according to a source … Read more
Prime Minister Mark Carney says the fate of the emissions cap on oil and gas producers depends on other efforts to lower emissions.
Carney’s comment, coming in response to a question from a reporter at an event in Ottawa today, appears to be a shift f…
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Friday. WCS for November delivery in Hardisty, Alberta, settled at $10.65 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Thursday’s close of $10.60. * The WCS discount has been tight this month, contrary to … Read more
CALGARY, AB, Oct. 10, 2025 /CNW/ – Strathcona Resources Ltd. (“Strathcona“) today announced: (i) the termination of its take-over bid (the “Offer“) for MEG Energy Corp. (“MEG“), (ii) a meeting of shareholders to approve a special distribution of $10.00 / share, and (iii) a corporate update. Termination of MEG Offer As a result of the revised arrangement agreement between the MEG board of … Read more
By Verity Ratcliffe A looming surge in liquefied natural gas supply through the end of the decade is poised to create demand that won’t go away, said an Adnoc Gas executive. Prices of the super-chilled fuel are widely expected to drop as a number of LNG projects go online in the coming years, including Abu … Read more
By Erwin Seba Brent and WTI crude prices fall to levels last seen in spring Gaza ceasefire shifts focus to potential oil surplus OPEC production increases, U.S. output seen leading glut HOUSTON, Oct 10 (Reuters) – Brent and U.S. crude futures fell more than $2 a barrel, or more than 3%, on Friday as U.S. … Read more
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating, the first reduction in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 547 in the … Read more
Strathcona Resources Ltd. has ended its hostile takeover pursuit of MEG Energy Corp.
The move comes two days after Cenovus Energy Inc. sweetened its friendly offer for MEG, its neighbour in Alberta’s oilsands.
Strathcona says the conditions of its of…
Alberta’s government says Ottawa is dodging responsibility by not standing behind a proposed pipeline project to the B.C. coast.
Premier Danielle Smith’s office says the decision to build a pipeline lies solely with Prime Minister Mark Carney and the …
Are you a young professional working in downtown Calgary? If so, please join us for an evening of networking with your fellow young professionals and Greg McLean, MP for Calgary Centre and Co-Chair of the Conservative Economic Growth Council. Appetizers and drink tickets will be provided. Regardless of your industry, issues related to the economy, … Read more
(Reuters) – Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market’s risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza. Brent crude futures were down 66 cents, or 1%, at $64.56 a barrel at 1016 … Read more
European nations, including France, are among the staunchest supporters of Ukraine in its fight against Russia. Several have also stepped up their imports of Russian energy which pump billions of euros into Moscow’s wartime economy. Well into the fourth year of Russia’s war against Ukraine, the European Union remains in the precarious position of financing … Read more
The head of Canada’s new Major Projects Office and her staff sidestepped MPs’ questions Thursday about whether she has special powers to skirt the West Coast tanker ban.
Dawn Farrell was hired earlier this year as the CEO of the new office, which has …
“It is intellectually dishonest not to acknowledge the shattering of investor confidence and the erosion of trust among global customers in Canada’s ability to deliver another oil pipeline.” By Jim Rushton Photo credit to THE CANADIAN PRESS By Resource Works More News and Views From Resource Works Here Life in a federation is mostly hard, … Read more
By Javier Blas The conventional wisdom says liquified natural gas is the future of energy — bridging the gap between the world abandoning fossil fuels and renewable supplies coming online. But that rosy outlook faces a reckoning. LNG is threatened by a pincer movement involving, ironically, the two old and new sources it’s supposed to … Read more
‘It is very difficult for us as a country to move forward on things with any degree of confidence,’ says the head of Canada’s largest bank By Steven Wilhelm Originally Published in Financial Post Here Dave McKay, president and CEO of RBC, takes part in a fireside chat with with Deborah Yedlin, Calgary Chamber of Commerce … Read more
The newly-expanded Trans Mountain pipeline is allowing oil producers to shift as much as 890,000 barrels a day to Asia Canadian heavy crude prices are entering the fourth quarter at their strongest level since July amid rising Asian demand for the heavy oil sands crude. Heavy Western Canadian Select’s price in Alberta was US$10.50 a barrel below United States benchmark … Read more
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $10.60 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday’s close of $10.50. * The WCS discount has been tight this month, contrary to … Read more
A summary of Fossil Future, Chapter 2 By Alex Epstein This is the second of 11 “Alex Notes” on my book Fossil Future—like Cliff’s Notes, but actually written by the author. (Read the first one here.) Get Fossil Future (Also, for those who preordered Fossil Future or who are premium subscribers to this newsletter, I’m doing … Read more
Summary Orsted plans to cut 2,000 jobs by 2027 Danish company to focus more on offshore wind and Europe Reuters) – Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S. … Read more
Summary Ukraine has targeted Russia’s refining capacity Zelensiky says estimates range from 13%-20% loss of supply Russia says it has adequate fuel, officials due to discuss (Reuters) – Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline supplies in Russia by up to a fifth, President Volodymyr Zelenskiy said, as both sides step … Read more
Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices LONDON, Oct 9 (Reuters) – Oil prices were little changed on Thursday as investors weighed a ceasefire deal in Gaza that could ease tensions in the Middle … Read more
Lawmaker groups holding a majority in the European Parliament agreed a deal late on Wednesday to make deeper cuts to the EU’s corporate sustainability law The European Union’s corporate sustainability due diligence directive (CSDDD) was adopted last year and requires companies to fix human rights and environmental issues within their supply chains, or face fines … Read more
By Ron Wallace Originally Published in the C2C Journal Here “Decarbonized” oil is being touted as a way to bridge the policy chasm separating energy-rich Alberta and the climate-change-obsessed Mark Carney government. Take the carbon dioxide normally emitted during the production and processing of crude oil and store it underground, the thinking goes, and Canada … Read more
Heartland leaders welcome proposed new natural gas connector By Grady Semmens Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Workers weld oil and gas pipeline construction in Alberta. Photo supplied to the Canadian Energy Centre As a lifelong farmer, entrepreneur and community leader, Alanna Hnatiw knows first-hand the … Read more
‘If you build it, they will come’ may work in the magic realism of Hollywood, but Canadian consumers aren’t flocking to EVs By Michael Nitefor People seem to forget that “Field of Dreams” — “if you build it, they will come” — was just a movie. Photo by Ottawa Citizen Original: https://financialpost.com/opinion/good-money-ottawa-ev-dreams Last month, the … Read more
As countries around the world scramble to secure fuel to run their power plants, natural gas has attracted energy producers to Canada’s westernmost province. By Robert Tuttle and Thomas Seal Stretching from the ice-capped Canadian Rockies to the island-studded coastline, British Columbia has been long renowned as an outdoorsman’s paradise. Canada’s westernmost province is home … Read more
In June, the Carney government passed Bill C-5 to purportedly eliminate the gridlock that prevents the construction of major energy infrastructure. But the government’s first list of projects to get the Bill C-5 treatment did not include any oil or gas pipelines… Kenneth Green Earlier this month, when Premier Danielle Smith announced her government, … Read more
(Reuters) – The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed again on Wednesday. WCS for November delivery in Hardisty, Alberta, settled at $10.50 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Tuesday’s close of $10.60. The WCS discount has grown steadily tighter this … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. CALGARY, AB, Oct. 8, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Selling Shareholder“) and Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company“) announced today that they have entered into an agreement with Peters & Co. Limited and Scotiabank (the “Lead Underwriters“), on behalf of a … Read more
CALGARY, Alberta, Oct. 08, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2025 third quarter financial and operating results on Monday, November 3, 2025, after the close of North American markets. The 2025 third quarter management’s discussion and analysis and unaudited consolidated financial statements will … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ Supplemented PREP prospectus and any amendment will be accessible through SEDAR+ within two business days CALGARY, AB, Oct. 8, 2025 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint” or the “Company“) announces today that it has priced its upsized initial public offering of 32,000,000 class “A” … Read more
At Cornerstone Engineering, we take pride in delivering innovative engineering solutions that are cost efficient, collaborative, and anchored by caring relationships. An example of our EPCM (Engineering, Procurement, and Construction Management) approach to projects was with ARC Resources on the Attachie Phase 1 Gas Plant. Project Overview – Attachie Phase 1 Located in Northeastern British … Read more
Calgary, Canada – October 2025 . Microwatt, a trusted leader in industrial safety solutions across Canada and the USA, is proud to announce that the Sorama CAM iV64Ex is now officially ATEX and IECEx certified by DEKRA. This certification confirms safe operation in explosive industrial environments, providing operators with confidence when conducting inspections in high-risk … Read more
You Can Also Register for Complimentary Tickets Here ABOUT THE 2025 CONFERENCE This annual event offers a unique opportunity for active investors in the energy sector to engage directly with CEOs and senior executives as they share their company stories and answer questions in a moderated format. Instead of attending multiple AGMs or spending hours gathering … Read more
CALGARY, Alberta, Oct. 08, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into an amending agreement in respect of the arrangement agreement dated August 21, 2025 (as amended, the “Amended Agreement”) to acquire MEG Energy Corp. (TSX: MEG) (“MEG”). Under the terms of the Amended Agreement, each MEG shareholder will … Read more
Russia’s heavy bombardment of Ukraine’s natural gas infrastructure ahead of winter is set to have a knock-on impact on Europe’s energy market as Ukraine draws more fuel from its western neighbours. Any increase in European gas prices as a result of Ukraine’s purchases is nevertheless likely to be mitigated by the abundance of global liquefied … Read more
Calgary, Alberta–(Newsfile Corp. – October 8, 2025) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce that it has entered into a definitive purchase and sale agreement (the “Agreement“) dated October 7, 2025, with an arm’s length purchaser to divest of certain assets in the Lindbergh, Moose Lake and Fishing Lake areas … Read more
Improved Transaction Consideration of $29.80 per MEG Share represents an increase of $2.35 per MEG Share from the announced value of the Initial Transaction Consideration Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares Increased equity component provides MEG Shareholders with additional upside participation in Cenovus, an industry-leading producer with significant scale, growth, and synergy potential at Christina … Read more
CALGARY, AB, Oct. 8, 2025 /CNW/ – ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, “ARC Energy Fund 8“) issue this press release pursuant to National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The … Read more
CALGARY, AB, Oct. 8, 2025 /PRNewswire/ – Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX: PKI) announced today that the deadline for registered holders of common shares of Parkland (the “Company Shares”) to make elections in respect of the consideration receivable pursuant to the previously announced Sunoco Arrangement1 is 5:00 P.M. (Calgary time) on … Read more
Summary EU considering phase-out of Russian oil and gas by January 2028 Ambassadors agree to forward proposal to ministers – diplomats Ministers’ meeting planned for October 20 (Reuters) – European Union countries’ ambassadors on Wednesday agreed to move ahead with the bloc’s plan to end Russian oil and gas imports by 2028, EU diplomats said, … Read more
(Reuters) – Oil prices climbed by over 1% on Wednesday, helped by a smaller than expected output hike from producer group OPEC+ next month, though concerns about oversupply capped further gains. Brent crude futures rose 82 cents, or 1.3%, to $66.27 a barrel by 0945 GMT. U.S. West Texas Intermediate crude climbed 85 cents, or … Read more
But what’s different today than back in 2017 when the TMX tussle was erupting, aside from ever-changing energy markets? By Chris Varcoe – This Article and More by Chris Varcoe Here Does this sound familiar — a premier from British Columbia opposes a pipeline from Alberta that would move oil to the West Coast, and seeks … Read more
Canadian energy companies have been partnering more frequently with Indigenous communities By Robert Tuttle and Thomas Seal Alberta’s pitch to build a new crude oil pipeline to Canada’s Pacific coast has divided the region’s Indigenous communities, where there are memories of a similar project that was fought and eventually cancelled. Canada holds one the world’s … Read more
Access the MEG Press Release Here Oct 8 (Reuters) – Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy raising the value of its proposed deal to C$8.6 billion ($6.16 billion), including debt, in an attempt to match a rival bid from Strathcona Resources. Cenovus raised its bid by C$2.35 to about … Read more
OTTAWA – Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with U.S. President Donald Trump as part of a larger pitch on linking energy co-operation and support for Canada’s steel and aluminum sectors. A government source who was briefed on the discussions told The Canadian Press that Trump … Read more
British Columbia’s Energy Minister Adrian Dix has dismissed the latest push by Alberta’s premier for an oil pipeline to the West Coast, saying the “definition of being Canadian isn’t to agree with everything Danielle Smith says.”
Smith, who’s in Ottaw…
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for November delivery in Hardisty, Alberta, settled at $10.60 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Monday’s close of $10.75. * Canadian crude oil production continues to rise. The oil-producing province … Read more
CALGARY, AB, Oct. 7, 2025 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to announce an increase in total credit capacity to $450.0 million. Spartan has received confirmation with respect to an increase in available capacity in its revolving credit facility from $250.0 million to $450.0 million. The increase in credit enhances the Company’s liquidity and ensures it … Read more
(Reuters) – Chevron on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company’s track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, succeeding veteran executive Liz Schwarze, who will retire in February after 36 years … Read more
Growing evidence that energy transition investments are enjoying a revival By Natasha White U.S. President Donald Trump may just have dubbed climate change the “greatest con job,” but there’s growing evidence that energy transition investments are enjoying a revival. Brookfield Asset Management said on Tuesday that it had raised US$20 billion for the world’s biggest … Read more
WARSAW, Oct 7 (Reuters) – It is not in Poland’s interest to hand over a Ukrainian man wanted by Germany for suspected involvement in explosions which damaged the Nord Stream gas pipelines, the Polish prime minister said on Tuesday. Donald Tusk said that ultimately it was for the court to decide whether Volodymyr Z., who … Read more
(Reuters) – China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia’s Ukraine invasion upended global energy flows and has accelerated this year, according to public data, traders and industry experts. State oil companies including Sinopec and CNOOC will add … Read more
The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 248 gigawatts from last year’s outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions. Global renewable power capacity is now expected to rise by 4,600 GW by … Read more
A combination of file photos shows the logos of five of the largest publicly traded oil companies; BP, Chevron, ExxonMobil, Shell and TotalEnergies. REUTERS Summary Current payouts unsustainable with oil below $80 a barrel Crude oil prices expected to continue falling Companies under pressure to cut debt Reduced buybacks and job cuts announced The five … Read more
Summary OPEC+ opted for modest hike due to glut concerns, sources say OPEC and non-OPEC supply rising Supply to far exceed demand in 2026 (Reuters) – OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC supply also … Read more
Summary Brent, WTI steady after settling 1% higher previously OPEC+ to hike November output by 137,000 bpd, less-than-expected Oversupply outlook weighs slightly on prices (Reuters) – Oil prices were steady on Tuesday as investors assessed a smaller-than-expected November output hike by OPEC+ against the backdrop of oversupply expectations. Brent crude futures fell 9 cents, or … Read more
By Javier Blas The oil market is heading for an immense surplus in early 2026. How large? “Cartoonish,” reckons Macquarie Group Ltd., a bank with a huge commodities business. What’s the solution? Stockpile millions of barrels of crude into tanks. It’s a tried-and-tested response, but this time there’s a catch: interest rates are much higher … Read more
By Ruth Liao and Stephen Stapczynski Shell Plc.’s LNG Canada is currently on track to load its first liquefied natural gas cargo from the facility’s second unit as soon as this week as the project continues to ramp up in the next month, according to people familiar with the matter. The unit, known as Train … Read more
Danielle Smith told the Chamber of Commerce of Metropolitan Montreal that she sees opportunities for Quebec and Alberta to find areas of political partnership. By Jacob Serebrin Original: https://financialpost.com/news/quebec-natural-gas-alberta-premier-danielle-smith/wcm/e218cebd-16db-4342-8292-2ab9d2477bf3 Alberta Premier Danielle Smith is encouraging Quebec to develop its own natural gas industry, touting it as an area where the two provinces can work together … Read more
By Akshat Rathi A model of a floating solar farm displayed at the Trina Solar Co. offices in Changzhou, Jiangsu province, China, on Friday, Sept. 26, 2025. Industry giants including Trina Solar have announced billions on overseas factories in more than 50 countries. Photographer: Qilai Shen/Bloomberg There’s a battle underway to win the energy export … Read more
Alberta Premier Danielle Smith is in Ottawa this week, following up on her now week-old pledge to help fund the development of a proposal for a new oil pipeline to Canada’s West Coast.
Smith is hopeful the project — which as of yet has no private sect…
Oct 6 (Reuters) – A group of labor unions, nonprofits and solar companies sued the Trump administration on Monday over its cancellation of a $7 billion Biden-era grant program that aimed to expand solar energy to low-income communities. The complaint, filed in federal court in Rhode Island, alleges that the U.S. Environmental Protection Agency and … Read more
Delegates left to right: Kim Gartner (MLA), Tim McPike (Propak), James Thorsteinson (MLA), Scott Moe (Premier of Saskatchewan), Scott Ratushny (Cardinal), Heath Williamson (Cardinal), Colleen Young (Saskatchewan Energy & Resources Minister), Jeremy Stauth (Propak), Conrad Metz (Cardinal) Calgary, Alberta–(Newsfile Corp. – October 6, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company“) is … Read more
(Reuters) – The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for November delivery in Hardisty, Alberta, settled at $10.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday’s close of $11. Canadian pipeline operator Enbridge’s Mainline system — which transports … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Oct. 6, 2025 /CNW/ – Rockpoint Gas Storage Inc. (“Rockpoint” or the “Company“) announces today an upsize of its previously announced initial public offering of class “A” common shares (“Class A Shares“) of the Company (the “Offering“). The Company now expects the … Read more
German Economy and Energy Minister Katherina Reiche attends a statement before “steel talks” in Berlin, Germany, October 1, 2025. REUTERS/Liesa Johannssen BERLIN, Oct 6 (Reuters) – German Economy Minister Katherina Reiche on Monday unveiled a 6 billion euro ($7 billion) funding initiative aimed at industrial decarbonisation, incorporating carbon capture and storage (CCS) technology into the … Read more
Oct 6 (Reuters) – Chart Industries (GTLS.N) said on Monday that its shareholders voted to approve the company’s acquisition by Baker Hughes (BKR.O). In July, Baker Hughes said it would buy Chart Industries in a $13.6 billion all-cash deal, including debt, topping a previously agreed merger offer that Chart struck with rival Flowserve (FLS.N). Chart … Read more
Alberta is putting its shoulder — and $14 million in taxpayer money — into securing approval for the new pipeline By Meghan Potkins Original: https://financialpost.com/commodities/energy/private-capital-canada-pipeline-fight-reignites Evan as political battle lines form around Alberta Premier Danielle Smith‘s latest push for a new crude pipeline to the West Coast, the private capital that would be needed to … Read more
Calgary, Alberta–(Newsfile Corp. – October 6, 2025) – Tenaz Energy Corp. (“Tenaz”, “our”, “we”, or the “Company”) (TSX: TNZ) is pleased to announce the signing and closing of the acquisition of the issued and outstanding shares of a private company (the “Acquisition”), with interests in the Gateway to the Ems[1] (“GEMS”) project on the boundary of the … Read more
CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) — The Board of Directors (the Board) of Precision Drilling Corporation (Precision) announced today that, as part of its long-standing succession plan, Mr. Carey Ford has been appointed as President and Chief Executive Officer and as a member of the Board. He succeeds Kevin Neveu, who has retired … Read more
CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) along with its partner Kineticor, an OPTrust portfolio company (collectively the “Partners”), provided updates today on the development of the proposed Greenlight Electricity Centre (the “Project”). The Project is a multi-phased gas-fired combined cycle power generation facility, to be located in Sturgeon County, Alberta, … Read more
Peyto Exploration & Development is once again showing why it’s earned a reputation for disciplined capital management — this time in the face of a challenging AECO pricing environment. In its latest Monthly Report, the company detailed how September’s production was affected by a confluence of factors that pushed AECO prices into negative territory. Elevated gas storage … Read more
Precision Drilling Corp. says chief financial officer Carey Ford has been promoted to president and chief executive of the company.
Ford replaces Kevin Neveu, who has retired after serving as president and chief executive since 2007.
The Calgary-based…
In midstream oil & gas, pump stations are the heartbeat of flow assurance. When a pump’s mechanical seal underperforms, the costs escalate quickly—unplanned downtime, lost throughput, unnecessary flaring or venting, and credibility on the line. API Plan 66A exists to catch problems early by detecting pressure build-up behind the seal and limiting leakage if a … Read more
Calgary, Canada (October 2025) – A new partnership between safety solutions provider Microwatt and robotics innovator Nexxis is set to transform how industries approach asset inspection. At its core, this collaboration is about bringing cutting-edge robotic and non-destructive testing (NDT) technologies to operators who face the toughest inspection challenges—confined spaces, submerged systems, hazardous zones, and … Read more
Calgary, Alberta – April 2025 – The energy industry needs to rethink the term “waste”. In the case of oil based drill cuttings, it’s not waste, it’s an energy rich recyclable. Recover Inc. (“Recover”) is a waste-to-energy technology company that recycles oil based drill cuttings and our technology can recover the base oil for reuse … Read more
EnergyNow Staff The Net-Zero Banking Alliance (NZBA) was established to mobilize the global banking sector in the fight against climate change, aiming for net-zero greenhouse gas emissions by 2050. Despite its ambitious goals, the NZBA has faced significant challenges and criticism, preventing it from working as intended. This document examines the history, founding members, reasons … Read more
E3 Lithium milestone advances critical mineral for batteries and electrification Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter E3 Lithium employees walk through the company’s lithium pilot plant near Olds, Alta. CP Images photo A new southern Alberta facility has produced its first battery-grade lithium carbonate, showcasing a technology … Read more
OPEC+’s continued oil output increases are eroding the group’s spare production capacity, a vital cushion that has helped to mitigate volatility in recent years. Energy traders may therefore face rockier days ahead. The prevailing belief in oil markets over the past three years has been that any supply shortfalls could be swiftly met by OPEC+, … Read more
This Article and More by Chris Varcoe Here Greg Ebel, CEO of Enbridge Inc., speaks at a news conference in Calgary on Jan. 6, 2025. Darren Makowichuk/Postmedia Enbridge CEO Greg Ebel said the Calgary-based company has tried to advance nation-building projects in the past — the ill-fated Northern Gateway development comes to mind — and has … Read more
Examining Coastal Provinces’ Role and the BC Government’s Opposition to Oil Pipeline Projects in British Columbia by EnergyNow Media Staff Canada’s unique geography gives several provinces access to the Atlantic, Pacific, and Arctic oceans, making coastal shipping a vital part of the country’s economic infrastructure. For provinces without direct access to tidewater—most notably Alberta and … Read more
Oil prices rose about 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions. Brent crude futures rose 63 cents, or 1%, to $65.16 a barrel by 2310 GMT, while U.S. West Texas Intermediate crude was at $61.46, up 58 cents, … Read more
Engineer Jashan Bains is the first to spot a black dorsal fin cutting through the water.
“Whale, one o’clock,” he says.
It’s a September morning on board the Hecate Sentinel, a 20-metre long skimming vessel, one of eight ships the Western Canada Marin…
This Article and More by Chris Varcoe Here Alberta does not intend to build or pay for a new pipeline to the B.C. coast, but wants to get the ball rolling so the proposal can be put on the federal major projects list to be fast-tracked Premier Danielle Smith speaks accompanied by Minister of Energy … 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 Alberta to … Read more
Analysts at CIBC say they’re doubtful Alberta Premier Danielle Smith’s plan to spur development of a West Coast bitumen pipeline will succeed.
They say in a report that they applaud the effort and are open to the possibility of such a project going a…
By Geoffrey Morgan Fund managers in Canada are pushing their chips into sectors expected to benefit from Prime Minister Mark Carney’s plan to fast-track major infrastructure projects and become less reliant on trade with the US. The country is already feeling the pain from US tariffs on its steel and auto sectors, while Canadians are … Read more
Federal Energy Minister Tim Hodgson says it’s too early to say whether a liquefied natural gas facility pitched for Quebec meets the bar of being in the national interest.
“My sense is this is not a project that is at a scale where we need to be looki…
Tsaa Dunne Za Energy will expand one of ARC Resources’ most profitable assets By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter In northeast B.C., about 75 kilometres from Fort St. John, Halfway River First Nation sits in the heart of the Montney, one of North … Read more
By Arathy Somasekhar OPEC+ could further boost output in November, sources say Analysts predict oil market surplus in fourth quarter and beyond Chevron refinery fire unlikely to affect broader market HOUSTON, Oct 3 (Reuters) – Oil prices settled higher on Friday but posted a weekly loss of 8.1% after news of potential increases to OPEC+ … Read more
(Reuters) – 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, … Read more
(Reuters) – 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 … Read more
September 16 & 17, 2026 Suncor Community Leisure Centre | Fort McMurray, Alberta The Best Highlights from 2025 Download Post-Show Report Over 40% Exhibit Space Sold for 2026! And new companies already on the waitlist to book space! Contact Us About Exhibit Space Here are just some of the returning exhibitors in 2026: Advanced Drainage … Read more
The Indigenous Partnerships Success Showcase is proud to celebrate a new addition to our event programming,The Gathering: Reconciliation in Action. Join us for an Indigenous-led program focused on practical tools, cultural insights and shared learning on reconciliation in action. The Gathering offers a unique one-of-a-kind experience allowing attendees to experience a full-day program facilitated by Indigenous speakers, moderators, panellists, and keynote speakers. … Read more
By Akshat Rathi, Stephen Stapczynski, and Oscar Boyd Booming electricity demand driven by AI is causing a shortage of gas turbines worldwide, Stephen Stapczynski and Akshat Rathi explain why on Zero podcast. Gas turbine components, rotors and stators, tested at the Siemens Energy AG manufacturing plant in Berlin, Germany. Photographer: Nicolo Lanfranchi/Bloomberg Rising power demand … Read more
By Jake Fuss and Grady Munro In a recent news conference, Prime Minister Carney said this year’s federal budget deficit will be larger than last year’s deficit of $48.3 billion. While the prime minister was quick to pull out a laundry list of reasons why, he left out one critical reason—his government refuses to make the … Read more
LONDON, Oct 2 (Reuters) – Global fuel oil demand has exceeded expectations in recent years, according to the International Energy Agency and other forecasters. The IEA’s latest medium-term outlook projects that residual fuel oil demand in 2025 will be 4.8% higher than in 2019, compared with a 1.9% increase in gasoline consumption. In contrast, demand … Read more
A spokesperson for the UN-backed Net-Zero Banking Alliance says members voted to end the membership-based structure and instead use the climate guidance the group created as a reference. As a result of the vote, the alliance is ending operations immediately. Carney launched the group in his role as UN Special Envoy for Climate Action and … Read more
B.C. premier’s opposition to oil and gas industry is predictable By Adan Pankratz This Artile and More From Adam Pankratz Here David Eby is angry, but he’d also like you all to know he’s polite. In response to the Alberta government’s plan to draw up a proposal for a new oil pipeline for the Major Projects Office, … Read more
Summary No injuries reported from explosion, fire Blaze could affect jet fuel supply to LAX, southern California No evacuations ordered due to fire (Reuters) – A massive fire erupted in a jet fuel production unit at Chevron’s El Segundo refinery near Los Angeles on Thursday, sending flames and smoke into the sky and raising questions over … Read more
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, AB, Oct. 2, 2025 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead“, or the “Company“) (TSXV: FHR) announces that Mr. Ying Yuen has retired from his role as Chief Financial Officer (“CFO”) of the Company. The … Read more
Summary OPEC+ could further boost output in November, sources say Analysts predict oil market surplus in fourth quarter and beyond Chevron refinery fire unlikely to affect broader market (Reuters) – Oil prices were stable on Friday but remained on course for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. … Read more
By Curtis Williams and Amanda Stephenson LNG Canada begins process for Train 2 startup -spokesperson Train 1 continues to have technical problems – sources Exports ongoing and flaring on Sept 11 ended – spokesperson Exports fall in September, data show Natgas prices hit record lows amid slow ramp-up of LNG Canada HOUSTON/Calgary Oct 2 (Reuters) … Read more
(Reuters) – The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $11 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday’s close of $11.10. A spokesperson for Canadian pipeline operator Enbridge said Thursday … Read more
Economic downturns help to drive public disorder in British Columbia’s resource communities. By Geoff Russ “People in the streets aren’t happy, the citizens aren’t happy, the business owners aren’t happy, nobody is happy,” said Nanaimo Mayor Leonard Krog on the lawn of the British Columbia legislature in Victoria last week. Crime and public disorder were unavoidable … Read more
Wespro Production Testing is a leader in providing well testing services and equipment rentals to western Canada. Wespro is dedicated to giving you the very best service with a focus on accuracy, reliability, and cost competitiveness. Founded in 1986, Wespro management has a combined 100 years well testing experience. Their dedicated employees and large … Read more
By Michelle Ma and Robert Tuttle Crew work to finish construction on CarbonCapture Inc.’s direct air capture system. Photographer: Amber Bracken/Bloomberg A carbon capture startup has moved its first commercial pilot project from the US to Canada due to what it sees as more stable government incentives and support. CarbonCapture Inc. subsidiary True North Carbon … Read more
By Ahmad Ghaddar and Alex Lawler LONDON, Oct 1 (Reuters) – An OPEC+ panel stressed the need for achieving full compliance with oil output agreements and extra output cuts that some members are required to make to compensate for earlier exceeding quotas at a meeting on Wednesday, OPEC said in a statement. The online meeting … Read more
(Reuters) – Canada and Alberta are not far apart on the terms of a bargain that would create the conditions for a new oil export pipeline to be built in the province in exchange for certain environmental commitments, Premier Danielle Smith told Reuters on Thursday. Smith on Wednesday announced plans for Canada’s main oil-producing province … Read more
By Clyde Russell FUJAIRAH, Oct 2 (Reuters) – The unwinding of OPEC+ production cuts, China storage flows and geopolitical tensions have been the primary drivers of crude oil prices this year, and are likely to remain so for the foreseeable future. Knowing what is influencing the market is one thing. Predicting with any accuracy how … Read more
By Enes Tunagur Fuel oil demand rises faster than previously thought Shadow fleet growth boosts fuel oil burn Red Sea diversions adding to consumption LONDON, Oct 2 (Reuters) – Fuel oil used in ships and power plants is seeing unexpected demand, with efforts to curb its use more than offset by an expanding shadow fleet … Read more
The Canadian Association of Energy Contractors (CAOEC) strongly supports the Government of Alberta’s decision to act as the proponent for a new pipeline from Alberta to the northwest coast of British Columbia. This is exactly the kind of bold, decisive leadership Canada needs to secure its economic future and strengthen our position as a global … Read more
CALGARY, AB, Oct. 2, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) today announced the following executive leadership changes, effective January 1, 2026. Cynthia Hansen, Executive Vice President and President, Gas Transmission, has decided to retire on January 1, 2027. To ensure a smooth transition, Ms. Hansen will move into a Special Advisor to the CEO role beginning January 1, 2026. Greg … Read more
Alberta’s government, acting as proponent, will lead a technical advisory group of companies with Indigenous participants to advance a West Coast pipeline application. With the advice and technical support of three major pipeline companies, Alberta’s government, acting as proponent, will develop and submit a formal application for a project of national significance to the Federal … Read more
Summary Brent, WTI extend falls, Brent traded earlier at the lowest level since June Expectations of OPEC+ output increase weighs on market US to give Ukraine intelligence for strikes on Russian energy infrastructure, officials say (Reuters) – Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns … Read more
Summary LNG bunker volume to top 4 mln T in 2025, double by 2030 -Rystad TotalEnergies sees LNG, bio-LNG bunker demand at 15 mln T by 2030 Abundant supply to lower LNG prices, improve demand IMO vote on net zero plans could accelerate LNG demand SINGAPORE, Oct 2 (Reuters) – Demand for liquefied natural … Read more
Berkshire Hathaway has reached a definitive agreement to acquire Occidental Petroleum’s chemical business, OxyChem, in an all-cash transaction valued at $9.7 billion. The sale, expected to close in the fourth quarter of 2025 pending regulatory approvals, represents one of the largest U.S. petrochemical transactions in recent years. Vicki Hollub, CEO of Occidental Occidental said it … Read more
September 30 – Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation. Benchmark Brent crude futures are down about 10.5% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. … Read more
By Alex Epstein A summary of Fossil Future, Chapter 1 This is the first of 11 “Alex Notes” on my book Fossil Future—like Cliff’s Notes, but actually written by the author. Enjoy! Get Fossil Future (Some of you will remember that I started creating “Alex notes” as part of the Fossil Future book launch, but never … Read more
(Reuters) – The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for November delivery in Hardisty, Alberta, settled at $11.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, narrower than Tuesday’s close of $11.50. Western Canadian crude production continues to grow, with the … Read more
Senior federal officials touted a proposed liquefied natural gas facility in Quebec as having the potential to export “substantial volumes” of LNG to Europe, documents show.
The revelation appears in a federal briefing note prepared in May after Marin…
(Reuters) – KKR is exploring a potential sale of its 40% stake in Pembina Gas Infrastructure, with its holding in the Canadian midstream operator expected to be valued at around $7 billion, four people familiar with the matter said on Wednesday. Pembina Gas Infrastructure was formed in 2022 as a joint venture between the investment … Read more
Province committing $14 million to support early planning work for a pipeline that would bring one million barrels per day to tidewater By Meghan Potkins, Steven Wilhelm Originally published in Calgary Herald Here Canadian oilpatch executives say they’re prepared to pin their hopes on Alberta Premier Danielle Smith’s Hail Mary bid to land an oil pipeline on … Read more
CALGARY, AB, Oct. 1, 2025 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce that it has closed its previously announced sale of 18.5 million common shares of NuVista Energy Ltd. The Company received aggregate cash proceeds of $296 million from the sale. Paramount is also pleased to announce that its Board of Directors has declared … Read more
Deadline Alert: Time is running short. MEG Shareholders must deposit their proxies in order to vote FOR the Cenovus Transaction ahead of the proxy deadline of October 7, 2025 at 9:00 a.m. (Calgary Time) MEG Shareholders are also encouraged to make an election with respect to their preferred form of consideration to be received for the Cenovus Transaction ahead of the … Read more
(Reuters) – U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from financial firm LSEG. The increase was fueled by strong sales to Europe and Asia, and came despite unplanned shutdowns at the country’s largest facility, Cheniere … Read more
(Reuters) – An OPEC+ panel stressed the need for achieving full compliance with oil output agreements and extra output cuts that some members are required to make to compensate for earlier exceeding quotas at a meeting on Wednesday, OPEC said in a statement. The online meeting of the Joint Ministerial Monitoring Committee, which includes top … Read more
(Reuters) – New BP Chair Albert Manifold told employees on Tuesday that the group’s portfolio was “overly complex” and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters. Manifold took the helm of BP’s board on Tuesday. He succeeded Helge Lund, … Read more
(Reuters) – Cenovus will shut several units at its 160,000-bpd refinery in Toledo, Ohio next week for a month of planned maintenance, a source familiar with the matter said on Wednesday. The planned work is expected to start on October 6. Cenovus did not immediately respond to Reuters’ request for comment. Reporting by Nicole Jao
The head of a group representing First Nations along British Columbia’s coast says they will not support a new pipeline proposed by Alberta and nothing can be done to change that.
Marilyn Slett, chief councillor of the Heiltsuk Tribal Council and pre…
(Reuters) – Russia plans to increase LNG exports to China from the Arctic LNG 2 and Sakhalin 2 projects, and “serious joint progress” is underway, Russian Energy Minister Sergei Tsivilev told the Expert magazine. Despite Western sanctions, Arctic LNG 2, which is 60% owned by Russia’s Novatek, has been sending out LNG since last year, … Read more
CALGARY, Alberta, Oct. 01, 2025 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update and expects to release its Q3 2025 financial and operating results on November 4, 2025. Q3 2025 Production Update(1)(2) Estimated Q3 2025 average production was 44,000 boe/d, with production in the quarter supported by … Read more
Glass Lewis highlights that the Cenovus Transaction “offers clear industrial logic, synergies, and diversification benefits that provide a stronger long-term platform for MEG’s assets” Cenovus Transaction accelerates value realization from MEG’s standalone plan, delivering production capacity of 150,000 bpd at Christina Lake by 2028 through incremental capital investment Cenovus Transaction provides MEG Shareholders with substantial cash and highly liquid … Read more
The Company also announces an updated presentation on its corporate website as well as the engagement of a market-maker CALGARY, AB, Oct. 1, 2025 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to provide an update on drilling plans for the fourth quarter of 2025 in the Beaverdam area of Alberta. Q4 2025 Drilling Program Westgate … Read more
Survey results and insights from workshops show women want major energy projects, including pipelines, prioritized to strengthen economic and energy independence CALGARY, AB, Oct. 1, 2025 – Today, Canada Powered by Women (CPW) and Deloitte Canada released a new co-authored report that reveals engaged women across Canada are a growing force who want to see urgent action taken when … Read more
The Alberta government plans to head up an application for a new oil pipeline to the B.C. coast, leveraging the expertise of Enbridge Inc., South Bow Corp. and Trans Mountain Corp. to help develop the plan, according to three sources. The idea is to hammer out an application and an early estimate that can be sent … Read more
Summary OPEC+ may raise output by up to 500,000 bpd in November, sources say US crude stocks down 3.67 million barrels last week – API US EIA stocks data to be released as usual despite shutdown (Reuters) – Oil prices steadied on Wednesday after falling for two days as investors weighed OPEC+ plans for a … Read more
MEG Energy Corp. says a second major independent proxy advisory firm has recommended its shareholders back a takeover offer for the company by Cenovus Energy Inc.
The company says Glass, Lewis & Co. has issued a report recommending shareholders vote …
Macquarie has lowered its West Texas Intermediate (WTI) crude oil price forecasts for 2025 and 2026, citing a heavily oversupplied market and heightened uncertainty stemming from recent policy decisions under U.S. President Donald Trump’s administration. The bank in a note on Tuesday said it now expects WTI to average $64 per barrel in 2025, down … Read more
EDMONTON – Canada’s energy minister says he’s disappointed with Imperial Oil’s plan to lay off 20 per cent of its workforce by 2027. Tim Hodgson says he’s working to understand what went into the company’s decision and that the government will explore ways to support the workers losing their jobs. Calgary-based Imperial says the cuts … Read more
Harnessing Earth’s Heat for a Sustainable Future Introduction Geothermal energy, the heat derived from the Earth’s internal core, offers a renewable and reliable source of power and heating. Unlike more intermittent sources like solar and wind, geothermal energy provides a constant supply, making it a highly attractive option for regions with suitable resources. In Canada—a … Read more
Imperial Oil’s plans to cut 20 per cent of its workforce by the end of 2027 comes as part of a wider trend of industry job cuts as producers look to boost efficiencies amid lower oil prices and the availability of new technology.
The company says the …
Liquefied natural gas company MidOcean, backed by EIG and Saudi Aramco, has agreed to buy a fifth of the Petronas venture that holds a 25% stake in Shell-led LNG Canada, MidOcean said on Tuesday. The deal also includes a fifth of Malaysian state energy group Petronas’s Canadian upstream assets in the Montney shale gas region that feeds into … Read more
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