The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Monday. WCS for December delivery in Hardisty, Alberta, settled at $11.70 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday's close of $11.65. * The differential has been trading in a tight band, ranging between $10.25 and $11.70 under WTI, since September 1. * Analysts point to strong international buying of Canadian crude off the Pacific [Read more]
News
MEG Energy Delivers Record Q3 Production and Strong Third Quarter 2025 Financial Results
CALGARY, AB, Nov. 10, 2025 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Corporation") reported its third quarter 2025 operational and financial results.1 "Our strong third quarter results are a testament to MEG's journey as a top-tier oil sands producer, built on the dedication, expertise, and innovation of our people," said Darlene Gates, President and Chief Executive Officer. "I am deeply proud of what we have accomplished together. I want to thank our employees, partners, [Read more]
Cardinal Energy Ltd. Announces Monthly Dividend for November, Production Update at Reford
Calgary, Alberta--(Newsfile Corp. - November 10, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our November dividend of $0.06 per common share will be paid on December 15, 2025 to shareholders of record on November 28, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. Production from the Reford Central Production Facility has [Read more]
Glenfarne, Baker Hughes Announce Definitive Agreements to Advance Alaska LNG
WASHINGTON--(BUSINESS WIRE)--Alaska LNG, majority owned and developed by Glenfarne Alaska LNG, LLC (Glenfarne), and Baker Hughes (NASDAQ: BKR), an energy technology company, today announced a strategic alliance to advance the Alaska LNG Project. Glenfarne has selected Baker Hughes as its supplier for main refrigerant compressors for the LNG terminal and power generation equipment for the North Slope gas treatment plant. Baker Hughes has also committed to a strategic investment to support Alaska [Read more]
US natgas hits eight-month peak on cold weather, robust LNG export flows
U.S. natural gas futures scaled an eight-month peak on Monday, buoyed by robust flows to liquefied natural gas (LNG) export plants and cold weather. Front-month gas futures for December delivery on the New York Mercantile Exchange rose 0.5%, to settle at $4.338 per million British thermal units (mmBtu). The contract had climbed to $4.51 during the session, its highest since March 11. Analysts said the rally could fade if the cold snap proves short-lived. Forecasts show temperatures moderating [Read more]
Fallon Energy Inc. – Property Divestiture
Fallon Energy Inc. (“Fallon” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its oil and natural gas interests located in the Greater Lloydminster areas of Saskatchewan (the “Properties”). Fallon operates all of the Properties, generally holding a 100% working interest including associated facilities. The Properties are generally located near Lloydminster, Saskatchewan in the Battle River, Big Gully, Forest Bank, Furness, Lashburn, Lone Rock, Maidstone, [Read more]
Do you know if your company uses power efficiently?
Improve your margin by lowering your power costs. For Canadian oil and gas companies, power costs consistently rank in the top three operating expenses, often contributing 15-30% of total operating costs. Oil & gas companies have detailed metrics for nearly every other aspect of the business -but how deep is your analysis of your purchased power? Who analyses your power bills? How do you analyse your power bill? How do you know if you are using purchased power efficiently? With [Read more]
Aspenleaf Energy brings new life to historic Alberta oil field while cleaning up the past
Alberta's number of inactive wells trending downward By Deborah Jaremko on November 6, 2025, 1:01 pm MST Aspenleaf Energy vice-president of wells Ron Weber at a clean-up site near Edmonton. Photo for the Canadian Energy Centre In Alberta’s oil patch, some companies are going beyond their obligations to clean up inactive wells. Aspenleaf Energy operates in the historic Leduc oil field, where drilling and production peaked in the 1950s. In the last seven years, the [Read more]
Lukoil’s international assets and potential buyers
The U.S. Treasury has extended the deadline for sanctioned Russian oil firm Lukoil to negotiate the sale of the bulk of its international assets until February 28. The assets, which include oil fields, refineries, and a network of retail gas stations, are worth about $22 billion and have drawn widespread interest, with specific deals requiring separate U.S. Treasury approvals. Below are details of Lukoil's international assets and potential buyers: POTENTIAL BUYERS Interested parties include [Read more]
Trump’s oil price sweet spot is ‘no man’s land’ for everyone else: Bousso
Oil prices have oscillated in a relatively narrow range of $60 to $70 a barrel in recent months, reflecting both warnings over rising oil supplies as well as concerns about trade wars and geopolitical conflicts. While this may be a sweet spot for U.S. President Donald Trump, it is a ‘no man’s land’ for oil producers. Crude prices hit the low end of this range in mid-October, enabling Trump on October 22 to follow through on his threat to slap severe sanctions on Russia's two oil giants Lukoil [Read more]
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