The Canadian Association of Energy Contractors (CAOEC) released its 2025 State of the Industry Report and 2026 Forecast today, offering a look at the trends, challenges, and opportunities shaping Canada’s drilling and service rig sector. The report underscores the industry’s growing role in national energy security, job creation, and emerging resource opportunities. Key highlights: Projected 2026 wells drilled: 5,709 — an increase of 161 (2.9%) from 2025 (5,548) Projected 2026 [Read more]
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Source Rock Royalties Announces Third Quarter 2025 Results
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, Dec. 1, 2025 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three and nine month periods ended September 30, 2025. Third Quarter Highlights: Quarterly royalty production of 225 boe/d (93% oil and NGLs), a decrease of 12% over Q3 2024. Quarterly [Read more]
Lotus Creek Exploration Inc. Announces Inaugural Monthly Report to Shareholders and a New Corporate Presentation
Calgary, Alberta--(Newsfile Corp. - December 1, 2025) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the inaugural Monthly Report to Shareholders and a new Corporate Presentation have been posted to the Company's website. MONTHLY REPORT Lotus Creek is excited to announce the new Monthly Report to Shareholders, designed to keep shareholders informed of Lotus Creek's operational and financial momentum. Monthly, Lotus Creek will publish [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for December 2025
CALGARY, AB, Dec. 1, 2025 /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 December 31, 2025, to shareholders of record at the close of business on December 15, 2025. 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]
Targa strengthens Permian presence with $1.25 billion deal for midstream firm
Pipeline operator Targa Resources said on Monday it would buy Stakeholder Midstream in a $1.25 billion all-cash deal, expanding its processing capacity in the key Permian Basin. Dealmaking in the midstream sector has been picking up pace as companies look to cut costs or add scale and gain access to attractive oil- and gas-producing regions, as well as export facilities on the U.S. Gulf Coast. "This acquisition is a nice bolt-on asset that has meaningful free cash flow supported by a [Read more]
Paramount Resources Ltd. Announces December Dividend
CALGARY, AB, Dec. 1, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on December 31, 2025 to shareholders of record on December 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded Canadian energy company [Read more]
Gunvor weighs US energy push that could bolster Washington ties, sources say
Commodity trader Gunvor has held active talks to invest in U.S. oil- and gas-producing assets, which could smooth over ties with the Trump administration after fallout from Gunvor's bid to buy sanctioned Russian major Lukoil's foreign assets, two sources familiar with the matter said. Gunvor dropped its bid to buy Lukoil's assets after the U.S. Treasury expressed strong opposition to the move, calling the trading firm "Kremlin's puppet." While Gunvor had been interested in increasing its [Read more]
Europe’s drilling comeback challenges US energy pledges: Bousso
European countries are loosening their strict opposition to new oil and gas drilling, reversing years of climate-driven resistance to fossil fuels as governments seek to reduce a heavy reliance on costly energy imports, including from the U.S. The change in tack in Greece, Italy and Britain reflects a new paradigm shaped by the 2022 energy price shock: an acceptance that fossil fuels - natural gas in particular - will remain a key part of the energy mix for decades, even as the region also [Read more]
Alberta oil regulator stopped enforcing gas flaring limits after government pressure, documents show
The regulator in charge of environmental enforcement in Canada's main oil-producing province bent to pressure from the provincial government and oil companies to eliminate a limit on natural gas flaring as Canadian oil production increased, according to documents seen by Reuters. Alberta's dismantling of its 20-year-old flaring limit after companies blew through the limit two years in a row, with no objections from the federal government, is an example of the challenges Canada faces in [Read more]
OPEC+ meeting’s outcome a turning point, Saudi energy minister says
The outcome of Sunday's OPEC+ meeting marked a turning point, state TV Al Ekhbariya reported, citing Saudi Energy Minister Prince Abdulaziz bin Salman on Monday. OPEC said the OPEC+ group had approved a mechanism to assess members' maximum production capacity to be used for setting output baselines from 2027, against which their output targets are set. Abdulaziz said the mechanism to be adopted is the 'most important and most transparent' decision for determining production levels. The [Read more]
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