The U.S. Department of Energy on Thursday announced a reorganization of the agency that prioritizes oil and nuclear resources over offices that had been dedicated to renewables and efficiency. DOE published a new organizational chart alongside a brief statement saying the changes were aligned with President Donald Trump's energy dominance agenda. The chart features several new divisions, including the Hydrocarbons and Geothermal Energy Office and Office of Fusion. The Office of Clean [Read more]
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Cenovus announces closing of $2.6 billion offering of senior notes and redemption of select notes
CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036 (collectively, the “Offering”). The Offering was made under [Read more]
Buyer Psychology In Oil & Gas: Today’s Engineers Don’t Want To Meet You For Lunch
It’s likely no surprise when we tell you that (for the most part) today’s buyers in the oil and gas sector do not want to meet you. They don’t want to go for lunch, and they definitely don’t want to pick up an unexpected phone call. It’s not personal. It’s simply how the new generation of technical buyers prefers to evaluate suppliers. Generation Z are now a large part of the energy workforce, and these young engineers and managers grew up in the online world. And even among seasoned [Read more]
Risks of a Quick Fix on End-of-Life Monitoring Equipment: The Case of Integrated EFM in Canada
Field monitoring equipment in North America is continuously aging with some portion of equipment nearing the end of product life. When deciding what to do with end-of-life equipment, producers will find it helpful to consider several factors that determine the overall value of various options: 1) operational profitability, 2) performance degradation, 3) risk of terminal failure, 4) financial implications, 5) regulatory requirements, 6) technological compatibility, and 7) the replacement process. [Read more]
Prospera Announces Completion of Key Pipeline Projects and Readiness for Winter Capital Program
CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) is pleased to announce the successful completion of three major pipeline infrastructure projects across its core Cuthbert and Hearts Hill fields. These upgrades represent a meaningful milestone in advancing the Company’s reservoir optimization strategy, improving fluid management, and ensuring long-term operational reliability as Prospera enters the winter capital program. The completed work [Read more]
Coelacanth Announces Q3 2025 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 296% to 3,280 boe/d in Q3 2025 from 829 boe/d in Q3 2024. Increased oil and natural gas sales 381% to $11.4 million in Q3 2025 [Read more]
Oil edges up as US peace push may add to oversupply, though stockpile pull lends support
Oil prices edged up on Thursday after falling in the previous session as concerns a U.S. push to end the Russia-Ukraine war may add supply into an amply supplied market were offset by a bigger-than-expected draw in U.S. crude stockpiles. Brent crude futures climbed 16 cents, or 0.25%, to $63.67 a barrel at 0338 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or 0.29%, to $59.61. Both benchmarks slightly rebounded after falling 2.1% during Wednesday's session. The [Read more]
Obsidian Energy Announces Offering and Pricing of $175 Million, 5-Year Senior Unsecured Notes due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes due in 2027
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - November 19, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has entered into an underwriting agreement to sell, on a private placement basis (the "Offering"), $175.0 million aggregate principal amount of 8.125 percent five-year senior unsecured notes due December 3, 2030 [Read more]
‘Devil in the details’ on Alberta-Ottawa energy accord: former pipeline executive
CALGARY - Federal climate policy will have to be finessed in just the right way if Alberta's push for a "grand bargain" on a new West Coast oilsands pipeline is to pan out, a former energy executive said after The Globe and Mail reported the province and Ottawa were nearing an agreement in support of such a project. "The devil is in the details and there will still be a lot of questions about how do we trust a Liberal government," said Dennis McConaghy, who retired more than a decade ago from [Read more]
Premier Moe says he’s supportive of pipeline to northern B.C., reallowing tankers
REGINA - Saskatchewan Premier Scott Moe says he's hopeful the federal government and Alberta can make progress on getting a pipeline built and allowing some tanker traffic on the northern B.C. coast. Moe says the measures would support Saskatchewan's goal of exporting more potash, agricultural products and oil. The Globe and Mail newspaper is reporting Ottawa, which is in talks with Alberta on the prospect of building a new pipeline, is considering allowing some tanker traffic in the [Read more]
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