News

U.S. energy company Expand Energy, the nation's biggest natural gas producer, expects to spend less to produce more gas in 2025 and 2026, the company's CEO Nick Dell’Osso told analysts on an earnings call on Wednesday. "We are clearly spending less for more production, which is the ultimate definition of efficiency," Dell'Osso said. In its earnings release, Expand said its full year 2025 net production would be around 7.15 billion cubic feet of gas equivalent per day (bcfed), about 50 [Read more]

Nuclear power one day coming to Alberta is an exciting prospect for Capital Power Corp., but its chief executive says it's too soon for the electricity generator to contemplate any meaningful investment in the idea. "We're exploring it with best-in-class experts, we're collaborating with government and we're keen to move to the next steps," Avik Dey told analysts on a conference call Wednesday to discuss the company's third-quarter results. "In terms of capital allocation or putting risk [Read more]

(Adds oil prices in paragraph 3, gasoline and diesel prices in paragraph 8) HOUSTON, Oct 29 - U.S. crude stocks and gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories dropped by 6.86 million barrels to 416 million barrels in the week ended October 24, the EIA said, compared with analysts' expectations in a Reuters poll for a 211,000-barrel fall. Global Brent and U.S. crude oil futures rose after the data showed [Read more]

U.S. weekly oil field production rose by 15,000 barrels per day (bpd) to a record 13.6 million bpd during the week ended October 24, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. Gulf Coast weekly crude oil imports fell 477,000 bpd last week to 597,000 bpd, the lowest on record, the data showed. (Reporting by Nicole Jao and Scott DiSavino in New York) [Read more]

CALGARY, AB, Oct. 29, 2025 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), announces that the Company's board of directors has approved grants of: (i) an aggregate of 1,185,000 incentive stock options ("Options") to certain officers, directors, employees and consultants of the Company; (ii) an aggregate of 537,500 restricted share units ("RSUs") to certain officers and employees of the Company; and (iii) an aggregate of 40,000 deferred share units ("DSUs") to certain [Read more]