Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section of this press release for information regarding certain forward-looking information and forward-looking statements contained in this press release. All amounts in this press release [Read more]
News
Enerflex Ltd. Announces Director Resignation
CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced that Fernando Assing will resign from the Board of Directors (the “Board”) effective July 17, 2026, to allow him to focus on other professional commitments, including his responsibilities as Chief Executive Officer of Camin Cargo Control. Mr. Assing joined the Board in August 2020 and has served with distinction, including as a member of the Human Resources [Read more]
Cheap drones turn energy into the global economy’s weak spot: Bousso
Cheap, mass-produced drones have transformed modern warfare, exposing critical energy infrastructure as an Achilles' heel for modern economies. Lessons from the battlefields of Ukraine, Russia and the Middle East have shown how unmanned aircraft can evade traditional air defences, turning oil refineries, power stations, export terminals and pipelines into prime targets. The implications for the energy industry are profound. Facilities that took decades and billions of dollars to build can now be [Read more]
Turbulent month of economic data leaves Bank of Canada right back where it started
OTTAWA - The Bank of Canada is set to make its fifth interest rate announcement of the year on Wednesday following a turbulent few weeks on the global stage and in Canadian economic data. Despite the flurry of developments since the central bank's last rate decision in June, most economists are expecting monetary policymakers to leave the key borrowing rate unchanged at 2.25 per cent. The Bank of Canada has been walking a tightrope lately as forces like U.S. tariffs and the Iran war [Read more]
Iran escalates attacks on US bases in Gulf states, warns of more ‘incidents’ in strait
U.S. and Iranian forces exchanged heavy missile and drone assaults, with Tehran targeting U.S. facilities in states across the Gulf and saying it had again closed the vital Strait of Hormuz, sending oil prices higher. Iran's Revolutionary Guards said on Monday they targeted U.S. military facilities in Bahrain and Kuwait, destroyed radar systems in Oman, and struck fuel tanks and ammunition depots at Prince Hassan Air Base in Jordan in their latest response to another wave of U.S. [Read more]
Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety risk
The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships in the Middle East heightened safety concerns. Six vessels transited the strait on Sunday, ship-tracking data from Kpler showed, the lowest number in five weeks. Tankers that exited the strait included the Very Large Crude Carrier Humanity, laden with 2 million barrels of Iranian oil and another tanker, Capetan [Read more]
Oil jumps 3% after US, Iran escalate strikes in Mideast
Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz. Brent crude futures climbed $2.34, or 3.08%, to $78.35 by 2311 GMT, while U.S. West Texas Intermediate crude rose $2.21, or 3.09%, to $73.62 a barrel. Over the weekend, Tehran extended strikes on Qatar and the United Arab Emirates while the U.S. launched further strikes on Iran, the latest in a cycle of attacks and counter-attacks [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch for in the Canadian business world in the coming week: ARC shareholder vote ARC Resources Ltd. shareholders are set to vote Tuesday on a deal that will see the company acquired by Shell plc in a stock-and-cash deal valued at $22 billion, including assumed debt. The deal gives Shell access to ARC's holdings in the prolific Montney shale formation. Bank of Canada The Bank of Canada will make an interest rate announcement and release its latest monetary [Read more]
Iraqi prime minister to visit Washington on Monday; oil and gas deals expected
Iraq's prime minister will visit Washington on Monday to deepen strategic ties with the United States, with oil and gas deals expected to be signed as part of a broader push for economic, trade and investment cooperation. Iraq has been seeking to balance its ties with neighbouring Iran and the U.S. as military escalation between the two rivals continues. "The agreements to be signed will include several memorandums of understanding in the oil and gas sector as Iraq prepares to bring in various [Read more]
US says it launched strikes against Iran after attack on Cyprus-flagged container ship
The U.S. military said on Saturday it launched a new round of strikes against Iran after Islamic Revolutionary Guard Corps forces attacked a Cyprus-flagged container ship transiting the Strait of Hormuz. "A civilian crew member is missing and the vessel is unable to continue the journey due to an onboard fire and significant engineroom damage," the U.S. Central Command said in a statement on X. The U.S. Central Command said the strikes were carried out at the direction of President Donald [Read more]
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