Transaction Adds Scale and High-Quality Oil Inventory to Ovintiv's Premier Montney Position Highlights: Agreement reached to acquire NuVista Energy Ltd. at an average price of approximately C$17.80 per share, or total consideration of approximately $2.7 billion (C$3.8 billion) Acquisition is expected to add approximately 140,000 net acres and approximately 100 thousand barrels of oil equivalent per day ("MBOE/d") in the core of the oil-rich Alberta Montney, highly complementary to [Read more]
News
Suncor Energy reports third quarter 2025 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]
Suncor Energy increases dividend
All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - November 4, 2025) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.60 per common share, representing an approximate 5% increase over the prior quarterly dividend. "Through continued operational improvements that have driven record performance across our assets, we are delivering strong free funds flow per share, along with meaningful share repurchases," said [Read more]
Feds unveil new climate strategy with no details on Canada’s emission commitments
OTTAWA - The federal government's climate competitiveness strategy promises a stronger industrial carbon pricing system and the prospect of ending the emissions cap on oil and gas production to drive more investments in clean growth. But the strategy, outlined in the federal budget on Tuesday, was short on details — and offered no update on where Canada stands on its 2030 and 2035 emission reduction targets. That's despite assurances from federal ministers in recent months that the [Read more]
HSBC expects OPEC+ oil quota increases to accelerate later in 2026
HSBC expects OPEC+ to accelerate oil output quota increases in the second and third quarters of 2026 as the producer group focuses on regaining market share, the bank said on Tuesday. OPEC+ agreed on Sunday a small oil output increase for December and a pause in increases in the first quarter of next year. It has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April, but slowed the pace from October amid predictions of an [Read more]
How BP won its $1 billion-plus case against Venture Global
Oil major BP won its $1 billion-plus arbitration case against liquefied natural gas producer Venture Global with an argument of unfair behaviour by the U.S. company, said five sources close to the matter, shedding light on strategy that could be used by claimants in parallel cases. BP won its case in October, two months after rival Shell lost a similar case when it failed to prove that Venture Global broke its long-term LNG contracts. Shell did not push the argument of unfair behaviour in its [Read more]
Constitution gas pipeline could save US Northeast $11.6 billion, S&P Global says
The proposed 135-mile (217-km) Constitution natural gas pipeline could provide price relief and other economic benefits to the U.S. Northeast, generating up to $11.6 billion in energy savings and supporting nearly 2,000 jobs annually over 15 years, S&P Global said in an analysis released on Tuesday. The analysis says the pipeline, which is owned by Williams Companies, could also add up to $4.4 billion in gross state product across Connecticut, Massachusetts, New York state and Rhode [Read more]
Parex Resources Announces Third Quarter Results, Strong October 2025 Production, and Declaration of Q4 2025 Dividend
CALGARY, Alberta, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended September 30, 2025, the declaration of its Q4 2025 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. “As we advance our 2025 plan, strong operational execution is fueling steady production [Read more]
Kimmeridge calls for overhaul at Coterra, says 2021 merger a failure
Activist investor Kimmeridge on Tuesday called on Coterra Energy to overhaul its leadership and strategy, saying the 2021 merger of Cabot Oil & Gas and Cimarex Energy has failed to deliver value and left it trading at a discount to its peers. In an open letter, the private investment firm urged the board to appoint an independent, non-executive chair and to refocus operations on its oil-rich Delaware Basin assets, saying the company's current mix of oil and gas properties has created [Read more]
Powering What’s Next: How Engineers are Modernizing Western Canada’s Energy Grid
Across Western Canada, the race is on to modernize electrical infrastructure that was never designed for today’s rapidly changing energy demands. Across the energy corridors in British Columbia and Alberta, power reliability is no longer just an operational concern, it’s a cornerstone of the energy transition. Canada’s federal goal of a net-zero electricity grid by 2050 is driving billions of dollars into grid modernization, renewable integration, and electrification. South of the border, the [Read more]
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