Acquisition establishes leading Western Canadian light oil platform; experienced energy executive Paul Smith appointed CEO Calgary, Canada, 14 September 2026 – Avenrock Energy Inc. (“Avenrock”), a newly formed Canadian energy company backed by global investment firm Carlyle (NASDAQ: CG), today announced that it has agreed to acquire Parallax Energy Operating Inc. (“Parallax”) from Carnelian Energy Capital (“Carnelian”), establishing a significant new light oil platform in Western Canada. [Read more]
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Concourse Petroleum Inc.: Property Divestiture
Concourse Petroleum Inc. (“Concourse” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its oil and natural gas interests located in the Latornell area of Alberta and the Martin area of British Columbia (the “Properties”). At Latornell, Concourse holds a 100% working interest in 43 sections of land with minimal imminent expiries until 2028. Production from Latornell is primarily from the Montney Formation. The Latornell property was shut-in in early [Read more]
The OSY Rentals 15th Annual FREE HOCKEY DRAFT is officially OPEN!
The OSY Rentals 15th Annual FREE HOCKEY DRAFT is officially OPEN! Sources are reporting that after months of intense negotiations, absolutely zero salary cap concerns, and several questionable scouting decisions, OSY Rentals is officially bringing back its 15th Annual Free Hockey Draft. League insiders are calling it “completely unnecessary, wildly competitive, and somehow still free.” Here’s what you need to know: ONE ENTRY PER PERSON 100% FREE TO ENTER NO HOCKEY KNOWLEDGE [Read more]
Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters’ Over-Allotment Option
CALGARY, AB, Sept. 14, 2026 /PRNewswire/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets, and including Scotiabank, BMO Capital Markets, TD Securities Inc., and National Bank of Canada Capital Markets as joint bookrunners. Enbridge issued 44,735,000 common shares inclusive of 5,835,000 [Read more]
Amid a trade war, wide majorities of British Columbians back pipelines and energy development as the engine of affordability and innovation
Net support reaches +53 for natural gas pipelines and +38 for oil pipelines, with British Columbians ranking resource exports the best way to fund public priorities and keep the province affordable for young innovators. CALGARY, AB, Sept. 14, 2026 /CNW/ -- Support for foundational resource projects in British Columbia is substantially higher than the province's political debate suggests, according to new public opinion research released today by Avatar Innovations. Conducted by Fairview [Read more]
When it comes to crude oil prices, it’s location, location, location: Russell
A chasm in pricing crude oil has emerged — barrels constrained by choke points are being offered at sometimes massive discounts while those that can move freely command generous premiums. The gap continues to widen as the Middle East conflict worsens, with Yemen's Iran-aligned Houthis making rapid advances to threaten complete control of the Bab el-Mandeb strait and Saudi Arabia shutting down its pipeline to the Red Sea after an attack reportedly launched from Iraq. That's spurred Brent [Read more]
Obsidian Energy Provides an Operational and Guidance Update
Calgary, Alberta--(Newsfile Corp. - September 14, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") provides an update to our second-half capital program and 2026 guidance (all amounts are in Canadian dollars unless otherwise noted). Highlights: Second-half 2026 development program advancing with two rigs active in each of Peace River and Willesden Green 2026 production guidance revised to 28,500–29,500 boe/d, due to [Read more]
Trend of oil shipments through Hormuz rising, US’s Wright says
The seven-day rolling average of covert oil shipments accompanied by the U.S. Navy through the Strait of Hormuz is rising and will continue to rise, U.S. Energy Secretary Chris Wright said at a meeting of the U.N. nuclear watchdog on Monday. "The trend in that seven-day rolling average has been going up and will continue to go up," he told a press conference, adding that a peak of 17 million barrels in one day he cited on Sept. 1 was in fact higher: "There was one ship not counted. It turned [Read more]
Gulf states call off meeting with Iran, Houthis launch new attack on Saudi
Arab states in the Gulf called off a meeting with Iran planned for Monday, while Yemen's Houthis launched a new attack on Saudi Arabia after fighting that has extended the Middle East war to another theatre and further jeopardised global oil supplies. The Iran-aligned Houthis in Yemen said they fired dozens of missiles and drones on Monday at a Saudi military airbase in Khamis Mushait, near the border, hitting aircraft hangars, radar systems, runways and ammunition depots. They described the [Read more]
Unwanted in the U.S., old oil equipment finds a new home in Venezuela
In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers, making room for pre-owned and auctioned U.S. oilfield equipment destined for a hoped-for oil revival in Venezuela. At the edge of the yard sits a weathered, rusting heavy-duty commercial truck covered in dirt. The recently auctioned vehicle is one of a flood of trucks, rigs and other equipment bought up to facilitate an anticipated oil rebound in Venezuela, as [Read more]
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