The CEO of Saudi state oil giant Aramco said on Tuesday crude oil demand was strong even before sanctions were imposed on major Russian oil firms Rosneft and Lukoil and that Chinese demand was still healthy. "Right now we have to wait and see what will happen with the sanctions," Amin Nasser said on a panel at the Future Investment Initiative conference when asked about oil prices. "But we definitely know that the demand is strong even before these sanctions were imposed on Rosneft and [Read more]
News
Cygnet Energy to acquire Kiwetinohk in C$1.4 billion deal
Privately held Cygnet Energy will acquire Kiwetinohk Energy in an all-cash deal valued at C$1.4 billion ($998.29 million), including debt, the companies said on Tuesday, creating a larger Montney and Duvernay operator. Montney and Duvernay, in Alberta, are among Canada's most prolific shale oil and gas plays, driving much of the recent production growth and investment in the western part of the country. Earlier this year, Cenovus Energy and Strathcona Resources entered a takeover battle [Read more]
Kiwetinohk Announces a Cash Sale for $24.75 Per Share under Arrangement Agreement with Cygnet Energy Ltd.
CALGARY, AB, Oct. 28, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") and Cygnet Energy Ltd. ("Cygnet" or the "Purchaser"), a private exploration and production company backed by respective investment funds managed by NGP Energy Capital Management ("NGP"), ARC Financial Corp. ("ARC Financial"), and global investment firm Carlyle ("Carlyle" NASDAQ: CG), announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), under which Cygnet [Read more]
Cygnet Energy Enters into Agreement to Acquire Kiwetinohk Energy Corp.
Transaction to create a scaled player in the Montney and Duvernay formations with deep inventory and differentiated market access Offer price represents C$24.75 per share in cash CALGARY, AB, Oct. 28, 2025 /CNW/ - Cygnet Energy Ltd. ("Cygnet" or the "Company"), a private exploration and production company, is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Kiwetinohk Energy Corp. ("KEC") to acquire all of the issued and [Read more]
Kremlin on U.S. effort to wean India and China off Russian energy: we offer a top commodity at a good price
The Kremlin said on Tuesday that Russia offered top quality energy at a good price and so its partners would decide for themselves whether or not to buy Russian energy after the United States slapped sanctions on Russia's top oil companies. The restrictions against Russia's oil majors forced country's second-largest oil producer Lukoil to declare the sale of its foreign assets. With the sanctions, U.S. President Donald Trump is seeking to pressure Moscow into agreeing a ceasefire in [Read more]
Iraq signs agreement for floating natural gas platform with Excelerate Energy
Iraq has signed an agreement for a floating natural gas platform with U.S.-based Excelerate Energy, the prime minister's office said in a statement on Tuesday, as Baghdad seeks to attract more American investment into its energy sector. Under the deal, Excelerate Energy will provide Iraq with its first floating storage regasification unit, capable of receiving, storing and regasifying liquefied natural gas, two Iraqi energy officials with knowledge of the agreement said. The LNG terminal [Read more]
Sanctions-evading Russian oil ships could pollute the Arctic, PM’s adviser warns
OTTAWA - Some of Canada's allies are praising Ottawa's work on preventing Russia from smuggling oil through concealed ships — ships that Ottawa fears could someday unleash an environmental cataclysm in the Arctic. Canada and its allies have blacklisted more than 400 unregistered ships — known as shadow vessels — in just six months. The effort aims to starve Russia of funding for its war on Ukraine while preventing leaky ships from one day compromising Canada's Arctic environment. "The [Read more]
Surplus capacity limits impact of sanctions on oil prices, IEA says
Sanctions on oil-exporting countries could push up crude prices but the effect will be limited because of surplus capacity, the International Energy Agency Executive Director Fatih Birol said on Tuesday. Global oil prices jumped more than 7% last week with Brent futures trading at $65 per barrel after U.S. President Donald Trump hit Russia's Rosneft and Lukoil with sanctions to pressure Russian President Vladimir Putin to end the Ukraine war. While sanctions could push prices upward, the [Read more]
Oil edges down as OPEC output plans offset US-China trade optimism
Oil prices edged lower Tuesday as OPEC's plan to raise output offset optimism about a potential U.S.–China trade deal, while investors also weighed how effective sanctions on Russia would be. Brent crude futures fell 3 cents to $65.59 a barrel at 0359 GMT. U.S. West Texas Intermediate crude futures were down 5 cents at $61.26. "Traders weighed up progress in U.S.-China trade talks and the broader outlook for supply," ANZ said in a morning note. Acting as a headwind for prices, OPEC+, [Read more]
Pulse Seismic Inc. Reports Q3 2025 Financial Results and Declares Regular Quarterly Dividends
CALGARY, Alberta, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available on Pulse’s website at www.pulseseismic.com. Today, Pulse’s Board of Directors declared a regular [Read more]
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