Canadian pipeline operator TC Energy surpassed estimates for third-quarter profit on Thursday, helped by strength in its US and Canada operations. Pipeline operators across North America are seeing support from growing natural gas consumption, including demand from power generation and industrial users, boosting volumes on largely fee-based systems. TC Energy's adjusted core profit in its US natural gas pipelines, its largest segment, rose to C$1.25 billion ($895.99 million), from C$1.06 [Read more]
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US upstream M&A value climbs to $12.6 billion in third quarter, Enverus says
US upstream oil and gas third-quarter deal value rose to $12.6 billion, up from $11.5 billion in the preceding quarter, analytics firm Enverus Intelligence Research said on Thursday. Here are details from Enverus: * Increase reflected a steady quarter led by private-equity exits, followed by a surge in October that included the return of public E&P consolidation and public-to-public asset sales * EQT Corporation acquired Range Resources for $13.8 billion and Crescent Energy bought [Read more]
Shell drives spike in oil exploration bids off the coast of Newfoundland
ST. JOHN'S - Oil giant Shell is driving a surge in oil exploration interest off the coast of Newfoundland after several years of stagnation. Newfoundland and Labrador's offshore energy regulator says the London-headquartered company successfully bid on six exploration licenses off the province's east and southeast coast. The licenses are for six parcels of offshore area encompassing more than 15,000 square kilometres, for which Shell pledged more than $210 million in exploration [Read more]
Tankers hit in Hormuz as Iran keeps up pressure after US vote
Iran reported three more tankers had been damaged in the Strait of Hormuz on Thursday, making clear that shipping would remain in peril as long as the war in the Gulf is unresolved, now that US voters have punished President Donald Trump for waging it. The electoral rout that cost Trump's Republicans control of Congress has prompted a stark reassessment of the conflict's political cost in Washington, led by Vice President JD Vance, who said in a long social media post on Wednesday that the [Read more]
Soaring diesel prices helped usher in Democratic sweep
Record Election Day diesel and gasoline prices helped push Americans toward Democrats in Tuesday's midterms, with voters citing the cost of living in their decisions, exit polls showed. Only last month, President Donald Trump bragged at a campaign rally that the US oil and gas business was making hundreds of billions of dollars in the wake of the Iran war, saying, "We're making a fricking fortune," and that fuel prices would come down. But many voters in rural states who depend on diesel, [Read more]
ConocoPhillips announces third-quarter 2026 results and increases quarterly ordinary dividend by 11%
Reported third-quarter 2026 earnings per share of $3.34 and adjusted earnings per share of $3.27. Generated cash provided by operating activities and cash from operations (CFO) of $7.2 billion. Increased shareholder distributions to $3.4 billion, including $2.4 billion of share repurchases; on track for 45% return of CFO in 2026. Raised quarterly ordinary dividend by 11% to $0.93 per share, consistent with top-quartile S&P 500 growth objective. HOUSTON--(BUSINESS [Read more]
South Bow Reports Third-quarter 2026 Results, Provides 2027 Outlook, and Declares Dividend
November 04, 2026 17:00 ET | Source: South Bow Corporation CALGARY, Alberta, Nov. 04, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its third-quarter 2026 financial and operational results and provides its 2027 outlook. Unless otherwise noted, all financial figures in this news release are presented in U.S. dollars. Highlights Safety and operational performance Recorded third-quarter 2026 average throughput of [Read more]
TC Energy reports strong third quarter 2026 operating and financial results
November 05, 2026 06:30 ET | Source: TC Energy Corporation Revising 2026 outlook higher and extending to a five-year outlook through to 2031 Announced approximately $3 billion of new growth projects CALGARY, Alberta, Nov. 05, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its third quarter results today. François Poirier, TC Energy's President and Chief Executive Officer commented, “TC Energy's 75th year [Read more]
Obsidian Energy Announces Third Quarter 2026 Results
November 05, 2026 7:00 AM EST | Source: Obsidian Energy Ltd. Calgary, Alberta--(Newsfile Corp. - November 5, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report our operating and financial results for the third quarter of 2026 (all amounts are in Canadian dollars unless otherwise noted). Highlights: Average production of 28,113 boe/d in the third quarter, generated strong funds flow from [Read more]
AI stocks fall, oil bounces back after ‘blue wave’ drop
Chip stocks fell on Thursday, under pressure from concern about the possible restraint on the AI buildout from a Democrat-controlled US Congress, while oil bounced, as investors weighed up how soon the Iran war could realistically end. Brent crude futures were up around 2.5% at $96.8 a barrel, having tumbled nearly 9% overnight, falling below $100 a barrel for the first time in two months. The turnaround in oil prices helped boost the dollar, which had fallen along with US Treasury [Read more]
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