Strong sulphur and third-party processing revenue support robust cash flow and debt reduction targets for 2026; successful execution of strategic plan delivers exceptional shareholder returns Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to release 2026 guidance, highlighted by accelerated debt reduction targeting $50 million and an [Read more]
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Antero to buy HG Energy’s gas producing assets in $2.8 billion deal
Antero Resources said on Monday it would buy assets from privately held HG Energy in a deal valued at $2.8 billion, as the U.S. natural gas producer looks to expand its footprint. Separately, Antero Midstream, which handles gathering and water services for Antero Resources, will acquire HG Energy's midstream assets for $1.1 billion. The deals give Antero natural gas reserves at a time when U.S. futures have soared, supported by winter heating demand, heavy LNG exports and accelerating [Read more]
Kremlin says India will continue to buy Russian oil if it’s profitable
The Kremlin said on Monday that India would continue buying oil wherever it was profitable to do so in order to ensure its own economic interests. U.S. President Donald Trump doubled tariffs on Indian goods to 50% in August to punish New Delhi for buying Russian oil, which Washington said was helping to fund Russia's war in Ukraine. On a visit to New Delhi last week, Russian President Vladimir Putin offered India uninterrupted fuel supplies. In a call with reporters, Kremlin spokesman [Read more]
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday as investors expect a likely U.S. Federal Reserve interest rate cut this week to lift economic growth and energy demand, while monitoring geopolitical risk that threatens Russian and Venezuelan supply. Brent crude futures rose 9 cents, or 0.14%, to $63.84 a barrel by 0321 GMT, while U.S. West Texas Intermediate crude was at $60.16, up 8 cents, or 0.13%. Both contracts closed Friday's trading session at their highest levels since November [Read more]
G7’s Russian oil tanker ban shows teeth, but bite is in doubt: Bousso
The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting sanctions. And with Russian President Vladimir Putin working tirelessly to strengthen Moscow’s own alliances, including India and China, the West may need to act quickly. Group of Seven countries and the European Union are discussing plans to impose a full maritime services ban [Read more]
Trican Well Service Ltd. Announces Extension and Expansion of Credit Facility
Calgary, Alberta--(Newsfile Corp. - December 5, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") today announced the successful expansion and extension of its Revolving Credit Facility ("RCF"). Trican has entered into an amending agreement with its existing lending syndicate to expand the RCF from $150 million to $200 million and extend its term by two years, establishing a new maturity date of December 5, 2028. The expanded facility enhances Trican's financial [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Friday. WCS for January delivery in Hardisty, Alberta, settled at $12.95 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $12.85 on Thursday. * After spending much of the year at historically tight levels, in large part due to the Trans Mountain pipeline expansion which has given Canadian oil producers additional export capacity, the WCS discount has [Read more]
Hundreds of public servants warned this week of job cuts, union says
OTTAWA - A federal union says hundreds of workers have been warned they may lose their jobs as the government moves to shrink the size of the public service. The Public Service Alliance of Canada says 219 people at Natural Resources Canada received notices this week saying their jobs might be cut. Another 109 people at the Public Service Commission of Canada, 92 people at Crown-Indigenous Relations and Northern Affairs Canada and 74 staffers at the Department of Finance received similar [Read more]
US drillers add rigs for fourth time in five weeks, says Baker Hughes
U.S. energy firms this week added drilling rigs for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by five to 549 in the week to December 5, its highest since late November. Baker Hughes said oil rigs rose by six to 413 this week, their highest since late November, while gas rigs fell by one to 129, their lowest since late November. In Louisiana, the rig count [Read more]
EIA to ditch some existing reports and launch new surveys on minerals, data centers
The U.S. Energy Information Administration will ditch some of its reports, launch new surveys on data centers and critical minerals next year, and tweak its flagship Annual Energy Outlook, the agency's new administrator Tristan Abbey said in a chat with the Center for Strategic and International Studies on Thursday. The government's statistical arm publishes weekly, monthly, and annual data on oil and gas output, crude and fuel inventories and price forecasts, used by traders and energy [Read more]
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