J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. companies once it is in a position to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group. The fourth-largest producer in OPEC said on Tuesday it would exit the group on May 1. Key points from JPM's note: * The country's decision carries no immediate practical implications for its ability to produce and sell more oil, as the Strait of Hormuz is blocked. * [Read more]
News
Western Energy Services Corp. announces Director election results and appointment of additional Director
CALGARY, AB, April 29, 2026 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) today announces the director election results from its 2026 annual meeting of shareholders held on April 29, 2026. According to the proxies received and ballots cast at the meeting, the following six nominees were elected as directors to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier [Read more]
Whitecap reports record first quarter 2026 production and increases 2026 production guidance
CALGARY, AB, April 29, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2026. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2026 which are available at [Read more]
ARC Resources Ltd. announces approval of resolutions at Annual and General Meeting of Shareholders
CALGARY, AB, April 29, 2026 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and General Meeting of Shareholders (the "Meeting") held on April 29, 2026. During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions: 1. Resolution to appoint 12 board members, with 95.45 per cent to 99.37 per cent of shares represented at the [Read more]
Tamarack Valley Energy Ltd. Exercises Option to Redeem Remaining Outstanding 7.25% 2027 Senior Unsecured Notes
TSX: TVE CALGARY, AB, April 29, 2026 /CNW/ - Tamarack Valley Energy Ltd. is pleased to announce the redemption of its remaining outstanding 7.25% 2027 senior unsecured notes maturing on May 10, 2027 (the "2027 Notes"). On April 29, 2026, the Company delivered a notice of redemption to redeem all of the $190.0 million of remaining outstanding 2027 Notes on May 11, 2026, at a cost of 100.75% of principal plus accrued and unpaid interest thereon. The redemption of the 2027 Notes [Read more]
Norway oil firms seek mediation to avert labour strike that could hit output
Wage talks between Norwegian oil firms and labour unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, industry group Offshore Norge said. If Norway's government-appointed mediator is unable to broker a deal when negotiations resume later this year, union members will be eligible to go on strike, disrupting output from western Europe's largest oil and gas producer. Unions Styrke, Safe and Lederne failed to reach an agreement [Read more]
Trump welcomes United Arab Emirates exit from OPEC
U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates' move to pull out of OPEC and said he thinks the move could help lower oil prices. "I think it's great," Trump said when asked by reporters at the White House what he thought of the UAE's decision. The UAE - one of the group's biggest producers - said on Tuesday it was quitting OPEC, dealing a blow to the group as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations. "I think [Read more]
Enhanced oil recovery: Premier Smith
Apr 29, 2026 Premier Danielle Smith issued the following statement after the federal government’s spring Economic Update: “I am pleased to see the federal government include Enhanced Oil Recovery (EOR) as an eligible use under the Investment Tax Credits in its latest economic update. “Our government advocated strongly for the inclusion of EOR in carbon capture, utilization and storage (CCUS) supports as part of the landmark Canada–Alberta Energy Agreement signed in 2025. This measure [Read more]
Oil majors eye resurgent Canadian energy in wake of Middle East upheaval
Canada's oil and gas producers are drawing renewed interest from global energy majors as the Middle East conflict has heightened the country's attractiveness to the world's biggest operators, with Shell's $16.4 billion agreement to buy ARC Resources the clearest sign of the shift. TotalEnergies and ConocoPhillips are among the companies taking a fresh look at Canadian competitors, alongside Equinor and BP. Companies have asked investment bankers in recent weeks to draw up lists of logical [Read more]
TOP WELL REPORT – March volumes – Whitecap’s impressive results continue in March
Initial production data data is out for March. Alberta has reported oil, condensate, and gas; full Alberta NGL data including pentane and marketable gas is due in a couple of weeks, while Saskatchewan and BC data is complete for the month. While the March Alberta data won’t be considered complete quite yet, it is nonetheless worthwhile to show the data as it stands today. Pentane volumes in Alberta will not be represented yet for March which may affect liquids results, and “gas equivalent” [Read more]
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