Three years after announcing its $636 million acquisition of Repsol’s Canadian assets, Peyto Exploration & Development says production from the acquired lands has more than doubled. According to the Peyto Monthly Report, production from the acquired 455,000 net acres has increased from approximately 23,000 boe/d at the time of the acquisition to 53,000 boe/d today, an increase of roughly 130%. The assets had seen relatively little development before the sale, with Repsol having drilled [Read more]
News
Russia’s Sechin says China, not OPEC, calls shots on global energy markets
Igor Sechin, chief of Russia’s top oil producer Rosneft, said on Thursday that China, not OPEC, has stabilized global oil markets by reducing crude imports by 5.5 million barrels per day this year. Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a Russian - Chinese business forum in the far eastern city of Vladivostok. "This year, China has effectively taken the lead from OPEC and, without being a member of any [Read more]
Gulf shipping traffic via Hormuz keeps below 10-day average, data shows
Four commodity vessels transited the key waterway of the Strait of Hormuz on Thursday, down from nine a day earlier and well below the 10-day average tally of about 15, preliminary shipping data showed. Two medium-range tankers, a Kamsarmax carrier and a Handysize vessel made up the figure, Kpler data showed by 0455 GMT on Friday. The figure excludes vessels that might have crossed the strait with their Automatic Identification System transponders turned off to avoid detection. Oil [Read more]
Williams Completes Acquisition of Momentum Midstream
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced it has closed its acquisition of Momentum Midstream in a transaction valued at approximately $5.5 billion, expanding the company’s integrated natural gas infrastructure platform in the Haynesville to serve growing Gulf Coast LNG, power and industrial demand. The transaction includes approximately $3.5 billion of cash and debt consideration and roughly $2 billion of Williams’ equity. Momentum’s Haynesville platform adds more [Read more]
Hemisphere Energy Provides Further Update on Atlee Buffalo Operations
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is providing a further update on the fire incident at the Company's largest oil battery at its Atlee Buffalo property, previously announced on August 26, 2026. Clean-up activities are ongoing, and equipment and debris removal is underway. The incident resulted in the loss of all three treaters and other auxiliary equipment at the [Read more]
Citi revises Q3 2026 Brent forecast to $86/bbl
Citi on Thursday said it raised its mark-to-market Brent average forecast for the third quarter of 2026 to $86 a barrel from $80 a barrel previously, citing a longer-than-expected timeframe for the reopening of the Strait of Hormuz. Citi said it is maintaining its fourth quarter 2026 and 2027 Brent average forecasts at $70 per barrel and $65 per barrel respectively. "We believe that Iran is incentivized to try to break the blockade sooner rather than later, with its economy suffering from [Read more]
Keyera Announces 2026 Marketing Guidance Update and Provides Operational Update
CALGARY, AB, Sept. 3, 2026 /CNW/ -- Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") today announced that it has revised its 2026 Marketing segment realized margin1 guidance to $320 million to $350 million from $360 million to $390 million. The revised outlook reflects the estimated impact of the ongoing Line 5 disruption and lower expected production at the Company's Alberta EnviroFuels facility ("AEF"), partially offset by stronger than anticipated contributions from other parts of the [Read more]
Rockpoint Gas Storage Inc. Announces Dividend Reinvestment and Share Purchase Plan
CALGARY, AB, Sept. 3, 2026 /CNW/ -- Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") (TSX: RGSI) today announced the implementation of a dividend reinvestment and share purchase plan (the "Plan") for eligible holders ("Shareholders") of its Class A common shares ("Class A Shares"). The Plan provides eligible holders of Class A Shares with the opportunity to automatically reinvest all or a portion of the cash dividends paid on their Class A Shares into additional [Read more]
Canada breaks ground on North Coast Transmission Line to deliver clean power and reduce emissions
PRINCE GEORGE, BC, Sept. 3, 2026 /CNW/ -- In a time of global volatility, Canada is focused on what we can do: building an affordable, competitive, sovereign and sustainable Canadian economy. Central to this mission is our National Electricity Strategy, a blueprint for supplying and controlling our own electricity by doubling our grid by 2050 to meet demand and secure sovereign power supply. Clean Canadian electricity is the clear solution to Canada's energy security, affordability and [Read more]
Construction begins on major B.C. transmission line aimed at powering northwest
PRINCE GEORGE - Construction is underway on a major electricity transmission project in British Columbia's north, a project the federal and provincial governments say will contribute nearly $10 billion a year to B.C.’s economy. The North Coast Transmission Line expansion will link Prince George to Terrace near the North Coast, and is expected to more than double electricity supply to the coast. The project, which was referred to the federal Major Projects Office in November 2025 for [Read more]
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