BOE Report

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B.C.’s deficit forecast up $450M to $13.8B after calculation errors on gas royalties

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VICTORIA - The British Columbia deficit forecast has grown by $450 million to a record-setting $13.8 billion, largely because of a "calculation error" on natural gas royalties, in a situation one critic describes as a state of "fiscal crisis."  Finance Minister Josie Osborne, who just took over the finance portfolio last month, released the first quarterly report Monday that shows almost $800 million more in revenue, but spending is also up. The added revenue comes from income and sales [Read more]

Lotus Creek Exploration Inc. Announces Wilson Creek Development Program Update, New Corporate Presentation and Stock Option Grant

Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide an operational update on its Wilson Creek Belly River development program. Wilson Creek Development Update In September 2026, Lotus Creek brought on production the remaining two gross (2.0 net) Belly River light oil wells from its post-break-up drilling program, completing the Company's five gross (5.0 net) well 2026 Wilson Creek Belly [Read more]

Discount on Western Canada Select widens with Joliet refinery outage

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The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday, as Exxon Mobil brought its 264,000-barrel-per-day refinery in Joliet, Illinois offline after a power outage occurred on Sunday. WCS for October delivery in Hardisty, Alberta, settled at $17.35 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $16.75 on Friday. * Exxon's Joliet refinery was built and designed to handle heavier [Read more]

Cardinal Energy Ltd. Proceeding with Reford 2 Expansion and Announces Monthly Dividend for September

Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce that it is advancing the expansion of its Reford 2 SAGD project that will increase nameplate capacity to 6,000 bbl/d. EXPANDING REFORD 2 SAGD PROJECT TO 6,000 BBL/D With a favorable crude oil price environment meaningfully outpacing our 2026 budget forecast, Cardinal is excited to announce that it will be proceeding with the expansion of the Reford [Read more]

US oil export ban unlikely to lower energy prices, Interior secretary says

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U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war. "We would consider an export ban if we thought that actually might lower prices, but that's not the case," Burgum told reporters at a G20 meeting on energy in Houston. Burgum, an appointee of President Donald Trump, said that bans on oil, gasoline or diesel exports could lead to retaliatory actions from other countries, [Read more]

US EPA repeals carbon emission limits for power plants at G20 meeting

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The U.S. Environmental Protection Agency on Monday announced rules to repeal former President Joe Biden's limits on carbon emissions from coal- and gas-fired power plants and to prevent future climate-focused regulations of those facilities. The agency also proposed rescinding all remaining greenhouse gas emissions requirements for power plants to prevent future climate regulations targeting the power sector, saying the EPA does not have authority under the Clean Air Act to regulate the [Read more]

Global investment firm Carlyle extends reach in Canada; purchases oil and gas firm Parallax

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Global investment firm Carlyle is expanding its reach in Canada through the acquisition of the privately owned Canadian oil and gas company Parallax. * The acquisition is the second in 12 months by Carlyle's energy group, which last year acquired Kiwetinohk Energy for approximately C$1.4 billion. * Carlyle has established a newly formed Canadian company called Avenrock Energy, which has reached a deal to acquire Parallax from Carnelian Energy Capital. * Financial terms of the deal were [Read more]

TC Energy urges co-operation on growing network to meet ‘generational’ gas demand

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CALGARY - The pipeline company that moves three quarters of Western Canada's natural gas says it's prepared to keep investing in its vast Alberta network to meet "generational demand" for the fuel. TC Energy Corp. released its statement days after the leak of an Alberta cabinet report that raised concern over the Calgary company's ability to serve the province's nascent artificial intelligence data centre industry, oilsands projects and other sources of demand growth. The report says TC's [Read more]

Canada strengthens energy collaboration with Indo-Pacific countries to attract investment, create jobs and diversify trade

OTTAWA, ON, Sept. 14, 2026 /CNW/ -- In an increasingly volatile world, Canada is building our sovereignty, security and strength by growing a vast trade network. Our free trade agreements already give Canadian businesses access to more than 1.5 billion consumers across 51 countries, and we are building on the momentum of the Prime Minister and Minister Hodgson's January 2026 visit to China to deepen Canadian engagement across the Asia-Pacific region, open new markets and pathways for Canadian [Read more]