BOE Report

Pembina Announces 2026 Guidance, Agreement for Cedar Capacity, and Business Update

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" [Read more]

Imperial provides 2026 corporate guidance outlook

Plans advance strategy to increase cash flow and deliver industry-leading shareholder returns Capital and exploration expenditures1 forecasted between $2.0 and $2.2B, focused on strengthening profitability Upstream production forecasted between 441,000 and 460,000 gross oil equivalent barrels per day Downstream throughput forecasted between 395,000 and 405,000 barrels per day; 91 - 93% utilization rate CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today [Read more]

STEP Energy Services Ltd. Announces Approval of Arrangement by Shareholders

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce that the shareholders of STEP (the "Shareholders"), at the special meeting of Shareholders held today (the "Meeting"), approved an arrangement (the "Arrangement") involving 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 [Read more]

ExxonMobil Raises Its 2030 Plan – Transformation Delivering Higher Earnings, Stronger Cash Flow, and Greater Returns

Increases of $5 billion in earnings and cash flow growth at constant prices and margins vs. prior plan with no capital spending increase1 Cumulative structural cost savings plan increased by $2 billion, now $20 billion vs. 2019 All 2030 corporate GHG emissions intensity plans now expected to be achieved in 2026 SPRING, Texas--(BUSINESS WIRE)--ExxonMobil today updated its Corporate Plan through 2030. The Plan’s increased earnings and cash flow outlook reflects stronger contributions from [Read more]

Fluor Joint Venture Hands Over Second Production Train to LNG Canada

IRVING, Texas--(BUSINESS WIRE)--#EnergySolutions--Fluor Corporation (NYSE: FLR) announced today that Fluor, with its Joint Venture partner JGC Corporation, has completed Train 2 of the LNG Canada Project, marking the completion of the first phase of Canada’s first LNG mega-project in Kitimat, British Columbia, Canada. “The safe and successful handover of Train 2 is a testament to the teamwork and dedication of everyone involved on this project,” said Pierre Bechelany, Fluor’s Business Group [Read more]

Chevron Announces 2026 Capex Budget of $18 to $19 Billion

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026. “Our 2026 capital program focuses on the highest-return opportunities while maintaining discipline and improving efficiency, enabling us to grow cash [Read more]

Waterous Energy Fund Announces Disposition of Shares of Strathcona Resources Ltd.

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, WEF Osum Co-Invest II LP ("Osum II"), Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP (together with certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that Osum II has completed a [Read more]

Waterous Energy Fund Acquires Shares of Greenfire Resources Ltd.

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships comprised of Waterous Energy Fund III (Canadian) LP, Waterous Energy Fund III (US) LP, Waterous Energy Fund III (International) LP, Waterous Energy Fund III (Canadian FI) LP and Waterous Energy Fund III (International FI) LP (collectively, "WEF"), announced today that it has purchased 1,926,055 common shares (the "Purchased Shares") of Greenfire [Read more]

Blackstone Energy Transition Partners Announces $1.2 Billion Investment to Build First-ever Natural Gas Power Generation Facility in West Virginia

Project Expected to Create 500 Construction Jobs, Spur Local Economic Development Will Help Meet Rising Electricity Demand from Growing Economy and AI/Data Center Innovation NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX), through funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”), today announced a $1.2 billion investment to build Wolf Summit Energy (“Wolf Summit”), a fully contracted, 600-megawatt greenfield combined-cycle [Read more]

Chevron Outlines Plan for Sustained Cash Flow Growth at Investor Day

Expects adjusted free cash flow annual growth greater than 10% at $70 Brent Reduces capex guidance range to $18 to $21 billion per year Forecasts earnings per share annual growth greater than 10% at $70 Brent NEW YORK--(BUSINESS WIRE)--At its investor day, Chevron Corporation (NYSE: CVX) outlined its five-year plan to 2030 and how it intends to deliver sustained cash flow growth, further strengthen its portfolio, advance power solutions for AI data centers, and grow shareholder [Read more]