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Canada’s Enbridge misses third-quarter profit estimates on higher capital costs

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Enbridge missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading. The Calgary-based pipeline operator had bought three Dominion Energy utilities last year — East Ohio Gas, Questar Gas and Public Service Co of North Carolina — in a $14 billion deal, including debt. It reported adjusted core profit of C$2.31 billion ($1.65 billion) from its [Read more]

Asia oil floating storage surges as sanctions, tight China quota curb demand

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The volume of oil stored onboard ships in Asian waters doubled in recent weeks after tightening western sanctions hit imports from China and India and as a shortage of import quota curbed demand from independent Chinese refiners, analysts said. The European Union, United Kingdom and the United States have imposed a raft of sanctions against Russia over its war in Ukraine, with the latest U.S. embargo targeting Russia's two top oil producers Rosneft and Lukoil last month. Some refiners in [Read more]

Cenovus Energy announces renewal of share buyback program

CALGARY, Alberta, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 120,250,990 common shares during the 12-month period commencing November 11, 2025 and ending November 10, 2026. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value [Read more]

Enbridge Reports Strong Third Quarter Results, Announces Accretive Investments and Reaffirms 2025 Financial Guidance

CALGARY, AB, Nov. 7, 2025 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported third quarter 2025 financial results, reaffirmed its 2025 financial guidance and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) Third quarter GAAP earnings attributable to common shareholders of [Read more]

Japan to step up LNG purchases for emergency reserve from January, industry ministry sources say

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Japan, the world's No.2 LNG importer, plans to buy liquefied natural gas for emergency reserves on a monthly basis from January, instead of buying only during peak demand periods, to guard against supply shocks, two industry ministry sources said. The reinforcement of the country's Strategic Buffer LNG (SBL) program, run by the Ministry of Economy, Trade and Industry (METI), will ensure at least one LNG cargo - about 70,000 metric tons - is secured each month to mitigate supply risks. For [Read more]

Oil headed for second weekly loss amid lingering supply concerns

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Oil edged up on Friday following three days of declines on worries about excess supply and slowing demand in the U.S., though prices are set for a second weekly loss. Brent crude futures rose 28 cents, or 0.44%, to $63.66 a barrel at 0421 GMT. U.S. West Texas Intermediate crude was at $59.72 a barrel, up 29 cents, or 0.49%. Brent and WTI are set to fall about 2% this week, down for a second straight week, as major global producers increase output. The price drop is driven by a surprise [Read more]

Lotus Creek Exploration Inc. Announces Third Quarter 2025 Operating Results and Operational Update

Calgary, Alberta--(Newsfile Corp. - November 6, 2025) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide the following third quarter operating results and operational update to shareholders. Lotus Creek's Interim Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2025 are available for review on Lotus Creek's website at www.lotuscreek.ca and on Lotus Creek's SEDAR+ [Read more]

Cardinal Energy Ltd. Announces Third Quarter 2025 Operating and Financial Results

Calgary, Alberta--(Newsfile Corp. - November 6, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the third quarter ended September 30, 2025. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE THIRD QUARTER OF 2025 Third quarter 2025 production was 20,772 boe/d as we continued to focus our capital expenditures on the completion of the Reford steam-assisted gravity drainage ("SAGD") project; Adjusted funds [Read more]

Pembina Pipeline posts drop in profit, has gas pipeline expansions in the works

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CALGARY - Pembina Pipeline Corp. posted a profit of $286 million during the third quarter, a drop from the $385 million it earned during the same period a year earlier. The profit amounted to 43 cents per share versus 60 cents per share during the third quarter of 2024. Revenue was $1.79 billion, down from $1.84 billion. The Calgary-based natural gas shipper and processor says it has more than $1 billion of proposed pipeline expansions in the works to handle growing production out of [Read more]