Transaction Overview Seller: Lycos Energy Inc. Purchaser: Arm’s length third party (unnamed) Transaction Type: Sale of certain assets located in the Lindbergh, Moose Lake, and Fishing Lake areas of Alberta Consideration: $60.0 million cash, subject to customary closing adjustments Agreement Date: October 7, 2025 Effective Date: September 1, 2025 Expected Closing: On or about October 15, 2025 Regulatory Approval: Subject to TSX Venture [Read more]
News
EU Parliament plans to cut back sustainability law further
Lawmaker groups holding a majority in the European Parliament agreed a deal late on Wednesday to make deeper cuts to the EU's corporate sustainability law, lawmakers and officials told Reuters. The European Union's corporate sustainability due diligence directive (CSDDD) was adopted last year and requires companies to fix human rights and environmental issues within their supply chains, or face fines of 5% of global turnover. It has become one of the most politically contested parts of [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed again on Wednesday. WCS for November delivery in Hardisty, Alberta, settled at $10.50 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Tuesday's close of $10.60. * The WCS discount has grown steadily tighter this month. Wednesday's settlement was the narrowest discount on Canadian crude since early July. * Canadian crude oil production continues to [Read more]
APA curtails third-quarter US natgas, NGL production on weak prices
Oil and gas firm APA Corp said on Wednesday it cut about 20 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 1,400 barrels per day of U.S. natural gas liquids production in the third quarter due to weak prices. APA said net debt and free cash flow came in lower than expected, following third-quarter payments from the Egyptian General Petroleum Corporation and subsequent partner distributions totaling $173 million. The company expects third-quarter average realized [Read more]
Tourmaline and Topaz announce $200 million bought deal secondary offering of Topaz common shares
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. CALGARY, AB, Oct. 8, 2025 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Selling Shareholder") and Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") announced today that they have entered into an agreement with Peters & Co. Limited and Scotiabank (the "Lead Underwriters"), on behalf of a syndicate of underwriters (together with the Lead Underwriters, the "Underwriters"), pursuant to [Read more]
Gibson Energy Confirms 2025 Third Quarter Earnings Release Date and Provides Conference Call & Webcast Details
CALGARY, Alberta, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2025 third quarter financial and operating results on Monday, November 3, 2025, after the close of North American markets. The 2025 third quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.ca. Earnings [Read more]
Rockpoint Gas Storage Inc. prices upsized Initial Public Offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ Supplemented PREP prospectus and any amendment will be accessible through SEDAR+ within two business days CALGARY, AB, Oct. 8, 2025 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces today that it has priced its 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 for gross proceeds of approximately [Read more]
Carney pitches Keystone XL restart in exchange for progress on aluminum, steel
OTTAWA - Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with U.S. President Donald Trump as part of a larger pitch on linking energy co-operation and support for Canada's steel and aluminum sectors. A government source who was briefed on the discussions told The Canadian Press that Trump was "very receptive" to the idea during his Tuesday meeting with Carney in the White House, and the two leaders directed their teams to pursue discussions in the [Read more]
Canada floated Keystone XL revival in tariff discussion with Trump, source says
Canadian Prime Minister Mark Carney raised the prospect of reviving the Keystone XL oil pipeline from Alberta to the United States during his Tuesday meeting with U.S. President Donald Trump, according to a source familiar with the discussions and a CBC News report on Wednesday. Carney, who is under increasing pressure in Canada to address painful U.S. tariffs on steel, autos and other goods, asked Trump if he would be interested if the Keystone project were to be revived and had Canadian [Read more]
BC Premier’s Divisive “Fantasy Bitumen Pipeline” Rhetoric Hurts British Columbia—and Canada
British Columbia Premier David Eby has once again dismissed the idea of an oil pipeline to the coast, deriding it as a “fantasy bitumen pipeline”. The language is telling. When a leader relies on derision rather than debate, it’s often because the facts are not on his side. Economic Growth Isn’t a Fantasy Pipelines are not fantasies—they are infrastructure. They move the products that sustain our standard of living and fund the very social programs politicians like Mr. Eby champion. Canada [Read more]
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