All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”) announced today that it has renewed a 20-year take-or-pay refined products services agreement with a senior integrated oil sands customer at its Edmonton Terminal and has extended a terminal storage take-or-pay agreement by an additional 10 years with a senior integrated oil sands customer. The Company also sanctioned an [Read more]
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AltaGas announces a six percent dividend increase, 2026 guidance and updated strategic priorities
CALGARY, AB, Dec. 2, 2025 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) is pleased to announce a six percent increase to its common share dividend, 2026 guidance, and continued execution of the Company's strategic priorities. 2026 GUIDANCE (all financial figures are unaudited and in Canadian dollars unless otherwise noted) 2026 normalized EBITDA¹ guidance: $1.925 billion–$2.025 billion, representing approximately 8 percent year-over-year growth based on [Read more]
OPEC+ to spark spending race with new oil quota system: Bousso
Changes OPEC+ is making to its oil production quota system will likely spark a wave of upstream investments among members, particularly in low-cost Gulf producers, diminishing concerns of long-term supply shortages. The Organization of the Petroleum Exporting Countries and other major producing nations, including Russia and Kazakhstan, collectively known as OPEC+, approved on Sunday a new mechanism to assess members' maximum production capacity, which will be used to set output baselines from [Read more]
China’s LNG importer crown at risk as high prices cap demand: Russell
Asia's imports of liquefied natural gas flatlined in November, putting the top-buying region of the super-chilled fuel on track to record its first annual decline in three years. Much of the blame for the soft outcome can be laid at the door of China, which may lose its status as the world's top LNG importer to previous champion Japan. While China has increased output of domestic natural gas and imports via pipeline from central Asia and Russia, elevated spot prices for LNG that have [Read more]
Strathcona Resources Ltd. Announces Closing of Acquisition of Vawn Thermal Project and Undeveloped Thermal Lands and Provides Updated 2026 Guidance and Long-Range Plan
CALGARY, AB, Dec. 1, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona") today confirmed the closing of its previously announced acquisition of the Vawn thermal project and certain undeveloped thermal lands (collectively, the "Acquired Assets"). Consideration for the Acquired Assets is comprised of $75 million in cash paid on closing and contingent consideration of up to $75 million. The contingent consideration is equal to $1 million for each dollar per barrel the Western [Read more]
Oil prices steady on worries about geopolitical risks to supply
Oil prices held firm in early trading on Tuesday as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites, mounting U.S.-Venezuela tensions and mixed expectations for U.S. fuel inventories. Brent crude futures rose 7 cents, or 0.1%, to $63.24 a barrel at 0427 GMT. U.S. West Texas Intermediate crude gained 10 cents, or 0.2%, to $59.42 a barrel. Both benchmarks advanced more than 1% on Monday, while WTI was near a two-week high. "Oil held gains [Read more]
Trican Well Service Ltd. Announces 2026 Capital Budget
Calgary, Alberta--(Newsfile Corp. - December 1, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") today announced that its Board of Directors has approved a 2026 capital budget of $122 million, underscoring the Company's commitment to disciplined investment and long-term growth. The approved capital budget reflects the Company's continued focus on maintenance capital to ensure reliability and efficiency across Trican's four divisions, while allocating targeted [Read more]
Trump rejected Maduro requests on call, options narrow for Venezuela leader, sources say
Venezuela's President Nicolas Maduro is running out of options to step down and leave his country under U.S.-guaranteed safe passage, following a short call with U.S. President Donald Trump last month where Trump refused a series of requests from the Venezuelan leader, according to four sources briefed on the call. The call, on November 21, came after months of increasing U.S. pressure on Venezuela, including strikes against alleged drug-smuggling boats in the Caribbean, repeated threats by [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Monday. WCS for January delivery in Hardisty, Alberta, settled at $12.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $12.40 on Friday. * The WCS discount began the month at its widest point since March. Analysts have projected the discount will widen slightly through the winter months as strong seasonal supply drives high utilization along [Read more]
Baytex Announces Cash Tender Offer for 2032 Senior Notes and Intent to Redeem 2030 Senior Notes
Calgary, Alberta--(Newsfile Corp. - December 1, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") today announced the commencement of steps to apply a portion of the net proceeds from its previously announced divestiture of its U.S. Eagle Ford assets (the "Eagle Ford Asset Sale"). Cash Tender Offer for 2032 Senior Notes Baytex today announced the commencement of a tender offer (the "Tender Offer") to purchase for cash, upon the terms and conditions set forth in [Read more]
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