Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut. Brent crude futures gained 1 cent, or 0.02%, to $65.48 a barrel by 0014 GMT. U.S. West Texas Intermediate crude was unchanged at $61.69 a barrel. Both contracts settled more than 1% higher in the previous session. "Crude oil prices gained after OPEC announced a smaller than expected production rise. The oil market [Read more]
News
Leading oil and gas company sells truckloads of surplus in just months for multi-million windfall
How do you transform an idle power plant spanning three locations into a multi-million dollar windfall in just months? This was the challenge faced by one of Canada’s largest oil and gas companies when it decided to divest a massive industrial asset in Alberta. While some producers and midstream companies have materials management handled by surplus teams, warehouse or asset management staff, there’s an almost universal problem of companies not having the expertise or systems to keep up with [Read more]
As oil glut fears mount, OPEC+ restrains output rises for now
OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC supply also rises while fuel demand growth slows. On Sunday, the group earmarked an extra 137,000 barrels per day for November, continuing monthly output boosts begun in April. That was the smallest of the options the group discussed, three OPEC+ sources said, citing concerns about a looming oversupply. OPEC declined to [Read more]
Oil price fall turns up the heat on Big Oil’s bloated payouts
(Corrects dateline to Oct 7, not Oct 6. No change to text) *Current payouts unsustainable with oil below $80 a barrel *Crude oil prices expected to continue falling *Companies under pressure to cut debt *Reduced buybacks and job cuts announced By America Hernandez and Stephanie Kelly PARIS/LONDON, Oct 7 - The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing [Read more]
PrairieSky Royalty Announces Conference Call for Q3 2025 Results
CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- PrairieSky will release its Q3 2025 results on Monday, October 20, 2025 after markets close. The news release detailing PrairieSky’s Q3 2025 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR+ at www.sedarplus.com. A conference call to discuss the results will be held for the investment [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Monday. WCS for November delivery in Hardisty, Alberta, settled at $10.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday's close of $11. * Canadian pipeline operator Enbridge's Mainline system — which transports oil from Alberta to various markets in Canada and the U.S. — is not at apportionment in October. Apportionment is an industry term [Read more]
Cardinal Energy Ltd. Hosts Reford SAGD Project Ribbon Cutting Ceremony with Saskatchewan Premier Scott Moe
Calgary, Alberta--(Newsfile Corp. - October 6, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce the ceremonial opening of our Reford Steam-Assisted Gravity Drainage ("SAGD") oil project in Saskatchewan. To celebrate this significant milestone for the Company and the Province, Cardinal hosted a ribbon cutting ceremony that included Saskatchewan Premier Scott Moe, Saskatchewan Minister of Energy and Resources, Colleen Young, alongside several key partners [Read more]
Exxon expects up to $300 million boost to Q3 upstream earnings from oil prices
Exxon Mobil said on Monday changes in crude oil prices over the third quarter could impact the company's upstream earnings from negative $100 million to as much as a positive $300 million. The company also signaled in a regulatory filing that stronger margins in the refining business could boost earnings by $300 million to $700 million, compared with the second quarter. Benchmark Brent crude prices averaged $68.17 per barrel from July through September, up 2% from the previous quarter. [Read more]
Rockpoint Gas Storage Inc. Upsizes its Initial Public Offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, Oct. 6, 2025 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces today an upsize of its previously announced initial public offering of class "A" common shares ("Class A Shares") of the Company (the "Offering"). The Company now expects the Offering to consist of 32,000,000 Class A Shares to be issued from treasury at an offering price between C$19.00 and C$22.00 per Class [Read more]
Pembina Pipeline Provides Update on Greenlight Electricity Centre
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) along with its partner Kineticor, an OPTrust portfolio company (collectively the "Partners"), provided updates today on the development of the proposed Greenlight Electricity Centre (the "Project"). The Project is a multi-phased gas-fired combined cycle power generation facility, to be located in Sturgeon County, Alberta, with a capacity of up to approximately 1,800 megawatts [Read more]
- « Previous Page
- 1
- …
- 421
- 422
- 423
- 424
- 425
- …
- 3803
- Next Page »