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Ford calls on Carney to extend gas tax cut or make it permanent

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TORONTO - Ontario Premier Doug Ford is urging Prime Minister Mark Carney to make a gas tax suspension permanent, or at least extend it beyond its looming expiry. Carney announced in April that the government would pause collection of the federal fuel excise tax on gasoline and diesel until Labour Day, as a way to counteract rising gas prices. It saves Canadians 10 cents per litre on regular gasoline and four cents on a litre of diesel. Ford has written today to Carney asking him to keep [Read more]

Pulse Seismic Inc. Appoints Pamela Wicks as President and CEO

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) announces a CEO transition effective August 6, 2026. Pamela Wicks, CPA, ICD.D, currently Vice President, Finance and Chief Financial Officer, has been appointed President and Chief Executive Officer of the Company. “As Pulse’s longest tenured executive, Pamela brings extensive experience in the seismic data library industry and deep knowledge of Pulse’s business to the CEO [Read more]

Petrus Resources Announces Second Quarter 2026 Financial and Operating Results

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2026. Q2 2026 HIGHLIGHTS: Operating netback up 92%(2) – Operating netback increased 92% to $24.9 million ($24.73/boe) in the second quarter of 2026 from $13.0 million ($15.58/boe) in the prior year comparative period, primarily due to higher oil production and stronger [Read more]

Calfrac Reports Second Quarter 2026 Results

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2026. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at June 30, 2026. All financial amounts and measures are expressed in Canadian dollars unless otherwise [Read more]

Journey Generates $18.5 Million of Net Income in the Second Quarter of 2026

Calgary, Alberta--(Newsfile Corp. - August 6, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2026. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.com and on the Company's website www.journeyenergy.ca. Highlights for the second quarter are as follows: Generated sales volumes of 10,017 [Read more]

Discount on Western Canada Select narrows

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The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Thursday. WCS for September delivery in Hardisty, Alberta, settled at $14.70 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $14.80 on Wednesday. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up in July and also due to the ongoing weakness in China's import appetite, [Read more]

Rich Kruger’s Legacy at Suncor – The CEO Who Put Execution First

When Rich Kruger arrived at Suncor in 2023, he inherited a company under intense pressure. A string of workplace fatalities had shaken confidence in the organization. Operational performance had become inconsistent, shareholders were frustrated, and activist investor Elliott Investment Management had forced sweeping changes to the board. Kruger wasn't brought in to reinvent Suncor. He was hired to make it work better. Now, with Suncor announcing that Kruger will step down as CEO next [Read more]

ConocoPhillips announces planned leadership succession: Andy O’Brien named president and CEO, Ryan Lance to assume transitional executive chair role, Konnie Haynes-Welsh appointed CFO

HOUSTON--(BUSINESS WIRE)--Today ConocoPhillips (NYSE: COP) announced that Andy O’Brien, chief financial officer and executive vice president, Strategy and Commercial, will succeed Ryan Lance as president and chief executive officer. O’Brien will join the board of directors with his appointment. Lance will retire as president and CEO and become executive chair of the board of directors in a transitional role following a distinguished and impactful career. Konnie Haynes-Welsh, currently vice [Read more]

ConocoPhillips announces second-quarter 2026 results and quarterly dividend

Reported second-quarter 2026 earnings per share of $3.23 and adjusted earnings per share of $3.24. Generated cash provided by operating activities of $7.4 billion and cash from operations (CFO) of $7.2 billion. Doubled share repurchases in the second quarter, increasing total shareholder distributions to $3.0 billion; on track for 45% return of CFO in 2026. Declared third-quarter ordinary dividend of $0.84 per share. Reaffirmed full-year guidance items. HOUSTON--(BUSINESS [Read more]