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Saudi energy minister says economic stability is prerequisite for sustainability goals

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Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud said on Wednesday that energy security and economic prosperity are prerequisites for addressing sustainability and climate change. Without energy security and economic prosperity, "I don't think you'll be able to attend to sustainability and climate change," he told the Russian Energy Week conference in Moscow. (Reporting by Yousef Saba in Dubai, Writing by Ahmed Elimam and Louise Heavens) [Read more]

Tanker diversions from sanctioned Chinese terminal may cause congestion at other ports

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Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after the U.S. imposed sanctions on an import terminal there, according to trading sources and shipping data. The U.S. sanctions have disrupted plans for the country's refiners to unload their cargoes at the port of Lanshan in the refining hub of Shandong province. Diverting the ships may also cause congestion at the alternative ports, particularly at Zhoushan, located further south off the [Read more]

Source Rock Royalties declares monthly dividend

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, AB, Oct. 15, 2025 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on November 14, 2025 to shareholders of record on October 31, 2025. This dividend is designated as an "eligible dividend" [Read more]

Cenovus Energy acquires additonal shares in MEG Energy

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Cenovus Energy bought more shares in MEG Energy, raising its stakes to 9.8% in the Canadian oil sand company. This follows Cenovus's Tuesday purchase of 21.7 million shares, strengthening its position to acquire one of Canada's last large pure-play oil sands companies ahead of the October 22 shareholder vote. Earlier this month, Cenovus increased its bid by C$2.35 to C$29.80 per share to acquire MEG, stating it as their "best and final" offer. Strathcona Resources abandoned its takeover [Read more]

Rockpoint Gas Storage Inc. announces closing of upsized initial public offering and exercise of over-allotment option in full

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Oct. 15, 2025 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces today that it has closed its oversubscribed, upsized initial public offering of 32,000,000 class "A" common shares ("Class A Shares") at a price of C$22.00 per Class A Share (the "Offering Price") for gross proceeds of approximately C$704,000,000 (the "Offering"). In addition, the underwriters exercised [Read more]

Online Auction – Offshore & Construction Equipment from a Major Project

A unique opportunity to acquire premium surplus equipment from a major offshore construction project. Assets include CAT generators, control cabins, fuel tanks, tools, and more—many in unused or near-new condition. Located in Newfoundland and ready for redeployment. Auction Closes October 23rd. To register and bid, please visit AllSurplus.com Featured Equipment: 2013 Kroll K4000 Tower Crane – 85m jib, 110 MT capacity CAT SR5 Generator Sets – C32 diesel, 675kW, 600V, [Read more]

GDM and Muddy Boots Launch a Transformative Alliance

GDM Inc., Canada’s trusted source for energy infrastructure data, and Muddy Boots Inc., a leader in mobile-first field operations software, have entered into a strategic alliance. Integrating their two premiere offerings for pipeline integrity gives the Canadian industry a unified system that connects field and office teams, keeps asset data accurate, and ensures decisions are grounded in near real-time operational insights, not outdated spreadsheets or siloed tools currently in the [Read more]

Cenovus Energy acquires additional MEG Energy common shares

CALGARY, Alberta, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an additional 3,276,460 common shares of MEG Energy Corp. (“MEG”) through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly or indirectly, and exercised control or direction over, an aggregate of 25,000,000 MEG common shares [Read more]

Surge Energy Inc. confirms November 2025 dividend

CALGARY, AB , Oct. 15, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 17, 2025, in respect of October 2025 production, for the shareholders of record on October 30, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]

Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration for October 2025 of C$0.01275 per share

TSX: TVE CALGARY, AB , Oct. 15, 2025 /CNW/ - Tamarack Valley Energy Ltd. is pleased to announce the declaration of its monthly dividend. Dividend Declaration Tamarack's Board of Directors has declared a monthly cash dividend on its common shares of C$0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on November 14, 2025, to shareholders of record at the close of business on October 31, 2025. This monthly cash dividend is [Read more]