U.S. energy firms this week added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by 7 to 580 in the week to July 2, its highest since May 2025. Baker Hughes released the rig count report a day earlier than usual due to the U.S. July 4th holiday, which is being recognized on Friday, July 3. Baker Hughes said this week's increase puts the total rig [Read more]
News
Pembina approves Alberta power project tied to major data center development
Pembina Pipeline said on Thursday it will go ahead with its planned C$4.6 billion ($3.24 billion) Greenlight Electricity Centre in Alberta, a project that will power the development of a major data center for an as-yet-unnamed customer. The Calgary-based pipeline company announced a positive final investment decision on the Greenlight project, a 932-megawatt natural gas-fired power-generation facility to be located in Sturgeon County in central Alberta. Pembina — which is partnering with [Read more]
Ovintiv to Host its Second Quarter 2026 Results Conference Call and Webcast on July 24, 2026
DENVER, July 2, 2026 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2026 results conference call at 9:00 a.m. MT, on Friday July 24, 2026. The Company plans to release its financial and operating results after market close, Thursday July 23, 2026. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator [Read more]
Pembina Pipeline Announces Positive Final Investment Decision on the Greenlight Electricity Centre
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including annual run rate adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"). For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline [Read more]
Competition Bureau protects competition in retail fuel supply in the Niagara Region
GATINEAU, QC, July 2, 2026 /CNW/ - The Competition Bureau has reached an agreement with BVD Petroleum Inc. to resolve concerns related to its proposed acquisition of certain fueling assets from Cenovus Energy Inc. and Husky Canadian Petroleum Marketing Partnership. BVD operates Petro-Canada and Petro-Pass branded fueling stations and Cenovus operates Esso branded stations. The Bureau concluded that the transaction would likely reduce competition between a Petro-Canada and an Esso gas [Read more]
Whitecap Resources Inc. announces executive appointment, confirms monthly dividend for July of $0.0608 per share and announces second quarter 2026 results conference call / webcast
CALGARY, AB, July 2, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap") is pleased to announce the appointment of Rebecca Schulz as Vice President, Regulatory and External Affairs. Ms. Schulz's primary responsibilities will include being the principal liaison on regulatory affairs and providing strategic alignment between policy development and corporate strategy. Ms. Schulz is a public affairs and policy leader with extensive experience across government, business, energy, environment and [Read more]
ARC Resources Ltd. announces that independent proxy advisory firms ISS and Glass Lewis have recommended ARC shareholders vote “FOR” the arrangement with Shell plc
CALGARY, AB, July 2, 2026 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended that the holders of ARC common shares ("ARC Shareholders") vote "FOR" the arrangement resolution at the upcoming special meeting (the "Meeting") of ARC Shareholders to be held on July 14, 2026 at 10:00 a.m. (Mountain time). At the Meeting, ARC [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for July 2026
CALGARY, AB, July 2, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on July 31, 2026, to shareholders of record at the close of business on July 15, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. [Read more]
Obsidian Energy Closes Belly River Acquisition and Increases 2026 Production Guidance
Calgary, Alberta--(Newsfile Corp. - July 2, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") has closed our previously announced acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition"). In conjunction with closing the Acquisition, we are updating our 2026 guidance to reflect the contribution of the acquired assets. Highlights: Closed the Acquisition on June 30, 2026, [Read more]
UBS cuts Brent crude price forecasts on improved Hormuz oil flows
UBS, on Thursday, cut its Brent crude price forecast by $25 for the September quarter to about $80 a barrel, on average, and now expects prices to hold the quarter after, citing the rise in oil flows via the Strait of Hormuz after the recent U.S.-Iran agreement. The bank also lowered its 2027 average Brent crude price forecast by $10 to $75 per barrel. * UBS said since the MoU, oil transits through the Strait have recovered to around 50% of pre-conflict levels, with Iranian crude also [Read more]
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