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Kimmeridge calls for overhaul at Coterra, says 2021 merger a failure

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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]

TotalEnergies sees oil demand rising until 2040 as energy security outweighs climate concerns

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*CEO says Paris Agreement climate goals out of reach *Oil demand expected at 98 million barrels per day in 2050 *Demand forecast has risen versus last year's report *CEO cites concern over energy security, prices By America Hernandez PARIS, Nov 4 - French oil major TotalEnergies sees global oil demand rising through 2040 before gradually dropping off, as political fragmentation and energy security concerns dampen the drive to reduce emissions and limit global warming, it said in [Read more]

Kimmeridge Releases Letter to the Board of Coterra Energy Outlining Urgent Steps to Restore Governance and Unlock Shareholder Value

NEW YORK, Nov. 4, 2025 /PRNewswire/ -- Kimmeridge, a private investment firm focused on the energy sector and a significant shareholder of Coterra Energy (CTRA), today released an open letter to Coterra's Board of Directors calling for decisive action to address the Company's failures of governance and lack of strategic focus following the failed merger of Cabot Oil & Gas and Cimarex Energy. "Coterra's history has been tainted by a boardroom unwilling to acknowledge its own missteps," [Read more]

Asia LNG imports slip on weak China, but Europe gain compensates: Russell

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Asia's imports of liquefied natural gas (LNG) fell in October from the same month a year earlier, as top buyer China extended a run of weakness that has stretched for a year. In contrast to the soft demand in the world's top-importing region, demand for the super-chilled fuel has been robust in Europe as the continent builds inventories ahead of the northern winter. Asia's LNG imports were estimated at 22.84 million metric tons in October, up slightly from 22.47 million in September but [Read more]

Paramount Resources Announces Third Quarter 2025 Results, Sanctioning of Sinclair Montney Development, 2026 Budget and Production Outlook

CALGARY, AB, Nov. 4, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its third quarter 2025 financial and operating results, the sanctioning of its Montney gas development at Sinclair and its 2026 capital expenditure budget and guidance. The Company is increasing its 2025 annual midpoint production guidance and also providing an outlook of planned production growth to over 100,000 Boe/d by the end of 2027. HIGHLIGHTS Third quarter [Read more]

Kelt Provides Update on Start-Up of Third-Party Gas Plant at Wembley

Calgary, Alberta--(Newsfile Corp. - November 4, 2025) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing an update on the start-up for the newly constructed Albright Gas Plant ("Albright") near the Company's lands at Wembley/Pipestone, Alberta. Albright is owned and operated by a third-party mid-stream company, CSV Midstream Solutions Corp. ("CSV"). CSV is an Alberta based company headquartered in Calgary with assets located in the Grande Prairie and Grande Cache areas of [Read more]

International Petroleum Corporation Announces Third Quarter 2025 Financial and Operational Results and Blackrod Phase 1 Development Progressing Ahead of Schedule

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2025. IPC also announces that the Blackrod Phase 1 development is progressing ahead of schedule with first steam now expected by year end 2025 and first oil by Q3 2026, a quarter earlier than originally guided. William Lundin, IPC's President [Read more]

STEP Energy Services Ltd. Announces Commencement of Sending and Filing of Circular for Special Meeting of Shareholders to Approve Arrangement

Shareholders will receive $5.50 per share in cash, a substantial 29.11% premium to the trading price of shares on September 24, 2025, being the last trading day prior to the announcement of the non-binding offer from ARC Shareholders are encouraged to vote well in advance of the proxy deadline of December 11, 2025 at 10:00 a.m. (Calgary time) Shareholders who have questions or need assistance in voting should contact TSX Trust Company by telephone at 1-866-600-5869 (toll free in Canada and [Read more]

Greenfire Resources Announces Intent to Conduct C$300 Million Rights Offering

Calgary, Alberta--(Newsfile Corp. - November 3, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), today announced its intention to undertake a rights offering of its common shares for gross proceeds of approximately C$300 million (the "Rights Offering"). The Rights Offering is expected to be made to all holders of Greenfire's common shares of record as of a record date to be determined. In connection with the Rights Offering, the Company expects to [Read more]