Calgary, Alberta--(Newsfile Corp. - October 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into a definitive purchase and sale agreement (the "Agreement") dated October 7, 2025, with an arm's length purchaser to divest of certain assets in the Lindbergh, Moose Lake and Fishing Lake areas of Alberta (the "Assets") for cash consideration of $60.0 million, subject to customary closing adjustments as provided for in the Agreement [Read more]
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MEG Announces Improved Cenovus Transaction: Higher Offer, Increased Equity Participation, and Special Meeting Postponement
Improved Transaction Consideration of $29.80 per MEG Share represents an increase of $2.35 per MEG Share from the announced value of the Initial Transaction Consideration Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares Increased equity component provides MEG Shareholders with additional upside participation in Cenovus, an industry-leading producer with significant scale, growth, and synergy potential at Christina Lake The MEG Board [Read more]
Iraq, Exxon to sign Majnoon oilfield agreement Wednesday, sources say
Iraq and Exxon Mobil will sign an agreement on Wednesday for the management, development and operation of the Majnoon oilfield in southern Iraq, marking the oil major's return to the country after a two-year hiatus, four Iraqi official sources told Reuters. The agreement will include upgrading Iraqi oil export infrastructure in the south, and a profit-sharing crude oil and refined products trading agreement, the four sources with knowledge of the matter added. Iraq's state oil company SOMO [Read more]
Russian strikes on Ukraine’s gas will reverberate across Europe: Bousso
Russia's heavy bombardment of Ukraine's natural gas infrastructure ahead of winter is set to have a knock-on impact on Europe's energy market as Ukraine draws more fuel from its western neighbours. Any increase in European gas prices as a result of Ukraine’s purchases is nevertheless likely to be mitigated by the abundance of global liquefied natural gas supplies. Russia stepped up attacks on Ukraine's energy grid and gas production facilities in recent days as the war enters its fourth [Read more]
Oil rises as oversupply fear eases after OPEC+ restrains output increase
Oil prices rose on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. Brent crude futures rose 50 cents, or 0.8%, to $65.95 a barrel by 0630 GMT. U.S. West Texas Intermediate crude climbed 53 cents, or 0.9%, to $62.26. The benchmarks settled broadly flat in the previous session as investors weighed signs of a supply glut against a smaller-than-expected increase to November output from the [Read more]
Spartan Delta Corp. announces increase to credit facility to support Duvernay growth
CALGARY, AB, Oct. 7, 2025 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to announce an increase in total credit capacity to $450.0 million. Spartan has received confirmation with respect to an increase in available capacity in its revolving credit facility from $250.0 million to $450.0 million. The increase in credit enhances the Company's liquidity and ensures it is well-capitalized to continue executing on its growth strategy in the West Shale [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Oct. 7 4th Year Apprentice Pipefitter Strike Group Cold Lake Oct. 7 3rd Year Apprentice Pipefitter Strike Group Cold Lake Oct. 7 Journeyperson [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for November delivery in Hardisty, Alberta, settled at $10.60 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Monday's close of $10.75. * Canadian crude oil production continues to rise. The oil-producing province of Alberta's crude output was 4.2 million barrels per day in August, according to the Alberta Energy Regulator, the highest on [Read more]
US natgas jumps 4% to 11-week high on daily output drop, short covering
U.S. natural gas futures jumped about 4% to an 11-week high on Tuesday on a drop in daily output and some technical short covering. Front-month gas futures for November delivery on the New York Mercantile Exchange rose 14.1 cents, or 4.2%, to settle at $3.498 per million British thermal units (mmBtu), their highest close since July 18. That price increase pushed the contract into technically overbought territory. Futures prices were also supported because some short sellers needed to [Read more]
B.C.’s Dix says it is ‘Canadian’ to disagree with Alberta Premier Smith over pipeline
VICTORIA - British Columbia's Energy Minister Adrian Dix has dismissed the latest push by Alberta's premier for an oil pipeline to the West Coast, saying the "definition of being Canadian isn't to agree with everything Danielle Smith says." Smith, who's in Ottawa today, says B.C. Premier David Eby's recent rejection of her pipeline pitch last week is "un-Canadian" and "unconstitutional." She made her comments after Eby called the proposed pipeline "fictional" in a video posted [Read more]
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