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]
News
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]
Canada regulator pauses review of Trans Mountain’s interim tolls application
The Canada Energy Regulator (CER) said on Monday it has approved Trans Mountain's request to pause the regulatory process for its interim tolls application. This includes postponing a public hearing that was scheduled to start on November 17, the CER added. The operator of Canada's Trans Mountain pipeline and oil shippers are in talks to resolve a shipping cost dispute that has deterred usage of Canada's only east-west pipeline and hindered the government's plan to sell it. A Trans [Read more]
Saudi OPEC strategy pulled by warring US, Russia interests: Bousso
Saudi Arabia is caught between Donald Trump and a hard place, as the U.S. president’s latest oil sanctions on Russia force Riyadh to weigh competing geopolitical and economic priorities. Washington last week sanctioned Russia's top two oil companies Rosneft and Lukoil, which jointly produce around 5% of global oil supplies. The U.S. is seeking to squeeze the Kremlin’s revenue to pressure Moscow to return to the negotiating table to end the war in Ukraine. The move has sent oil prices up 5% [Read more]
Russia’s Lukoil says it intends to sell international assets due to Western sanctions
Russia's second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States. The planned sale of the assets is the most consequential action so far by a Russian company in the wake of Western sanctions over Russia's war in Ukraine, which started in February 2022. "The sale of the assets is conducted under OFAC wind down license. If necessary the company plans to apply for extension of the license [Read more]
Oilfield giants pivot to booming AI infrastructure as drilling demand wanes
Oilfield services giants SLB, Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America. U.S. oil producers have cut exploration budgets as prices hover in the low $60s per barrel, pressured by rising production from the Organization of the Petroleum Exporting Countries and its allies, while power demand has boomed due to [Read more]
IEA forecasts record LNG growth to lower prices, spur demand
A record wave of new liquefied natural gas production capacity coming online until 2030 is set to transform gas market dynamics by strengthening global supply security and easing market pressure, the International Energy Agency said on Monday. The IEA said in its "Gas 2025" medium-term outlook report that 300 billion cubic metres per year of LNG export capacity is set to be added by 2030, primarily in the United States and Qatar. This translates into a potential net LNG supply increase of [Read more]
Axiom Oil and Gas Inc. – Property Divestiture
Axiom Oil and Gas Inc. (“Axiom” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of certain of its oil and natural gas properties and midstream interests located in Alberta (the “Properties”). The Properties consist of operated and non-operated working interests in the Brazeau, Hamilton Lake, Killam/Iron Creek, Marten Creek and Mundare areas of Alberta. The Properties also include Axiom’s 100% working interest facilities in the Bonnie Glen, Mikwan, Warwick and [Read more]
Strathcona backs Cenovus’ sweetened C$30-a-share offer for MEG
Cenovus Energy on Monday further sweetened its bid for MEG Energy to C$30 a share, winning long-sought backing from MEG's largest shareholder, Strathcona Resources. Earlier this month, Cenovus had already raised its offer for MEG to about C$29.80 per share, and said it was its "best and final" offer, in an attempt to outbid Strathcona's offer for Canada's last large pure-play oil sands company. Following the revised offer, Strathcona, which had raised its stake to 14.2% in MEG and intended [Read more]
Delivering Results: Electrification and PHM Upgrade Success – Cornerstone Engineering
Cornerstone Engineering has helped deliver multiple electrification projects for oil and natural gas facilities of all sizes, supporting the shift away from on-site fuel powered generation and compression to utility-supplied power. Our role includes project managing the integration of high-voltage substations in collaboration with specialized substation providers, while also executing process heating system upgrades and converting legacy infrastructure into more efficient, lower-emission [Read more]
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