Peyto Exploration & Development is once again showing why it’s earned a reputation for disciplined capital management — this time in the face of a challenging AECO pricing environment. In its latest Monthly Report, the company detailed how September’s production was affected by a confluence of factors that pushed AECO prices into negative territory. Elevated gas storage levels, ongoing pipeline maintenance, and slower-than-expected start-up progress at LNG Canada all weighed on Alberta [Read more]
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Last Chance to sign up for the OSY Free Hockey Draft!
The anticipation is over! OSY Rentals is back with their 14th annual OSY Free Hockey Draft -One entry per person -Free to enter DEADLINE: Tuesday October 7th, 2025 HOW DO I SIGN UP? Sign up is quick, easy, and free! To get started, click here, then enter your name, and pick your players. You don’t need any knowledge of hockey to sign up, it’s just that easy. You will need to sign up for a free account on OfficePools.com to register. You could be the next Grand Prize [Read more]
Precision Drilling Corporation Announces the Appointment of Carey Ford as President and Chief Executive Officer and the Retirement of Kevin Neveu
CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors (the Board) of Precision Drilling Corporation (Precision) announced today that, as part of its long-standing succession plan, Mr. Carey Ford has been appointed as President and Chief Executive Officer and as a member of the Board. He succeeds Kevin Neveu, who has retired after serving as President and Chief Executive Officer and as a member of the Board since 2007. Mr. Ford joined Precision in 2011 and has served as [Read more]
Tenaz Energy Corp. Announces Acquisition of North Sea Gas Assets
Calgary, Alberta--(Newsfile Corp. - October 6, 2025) - Tenaz Energy Corp. ("Tenaz", "our", "we", or the "Company") (TSX: TNZ) is pleased to announce the signing and closing of the acquisition of the issued and outstanding shares of a private company (the "Acquisition"), with interests in the Gateway to the Ems[1] ("GEMS") project on the boundary of the Dutch and German sectors of the North Sea. Purchase price was US$244 million ($339 million), comprised of US$232 million ($323 million) in cash [Read more]
Surging OPEC+ oil output leaves market with shrinking shock absorbers: Bousso
OPEC+'s continued oil output increases are eroding the group's spare production capacity, a vital cushion that has helped to mitigate volatility in recent years. Energy traders may therefore face rockier days ahead. The prevailing belief in oil markets over the past three years has been that any supply shortfalls could be swiftly met by OPEC+, the group of producers and allied nations including Russia, after they jointly cut output in 2022, ultimately slashing production by as much as 5.85 [Read more]
Bullish surprise – OPEC+ increases quotas by 137,000 bbl/d, defying rumours of a larger increase
Oil prices rallied more than 1% as futures opened Sunday night, after OPEC+ announced a smaller-than-expected production increase of 137,000 bbl/d, far below the 500,000 bbl/d hike speculated by media reports last week. The decision follows OPEC+’s denial of earlier rumors about a half-million-barrel boost, reinforcing its commitment to gradual, coordinated adjustments. The next OPEC+ policy meeting is scheduled for November 2. Analysts noted that the decision reflects both supply-side [Read more]
Quebec LNG proposal not of ‘national interest’ at this point, says federal minister
MONTREAL - Federal Energy Minister Tim Hodgson says it's too early to say whether a liquefied natural gas facility pitched in Quebec is of national interest. Marinvest Energy Canada has lobbied the government in recent months regarding a possible natural gas pipeline and export facility near Baie-Comeau, Que. Hodgson says the proposal by Marinvest, a Canadian subsidiary of a Norwegian energy company, is not yet at the "scale" for the government to consider it. The minister made the [Read more]
Discount on Western Canada Select unchanged
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures was unchanged on Friday. WCS for November delivery in Hardisty, Alberta, settled at $11 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, flat on Thursday's close. * 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 for the [Read more]
US crude exports rise to 1.5-year high strong Asian demand, US refinery maintenance
Exports of U.S. crude oil climbed to the highest level in over a year and a half in September, ship tracking data showed, as U.S. refineries began seasonal maintenance and Asian demand increased. U.S. crude exports rose to an average of 4.2 million barrels per day in September, the highest since February 2024, according to data from ship tracking firm Kpler. Exports had eased in July to their lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found [Read more]
Chevron puts $2 billion Colorado pipeline assets for sale, sources say
Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been working in recent weeks to solicit potential interest in the infrastructure, which was largely inherited from the oil major's acquisition of Noble Energy in 2020 and its subsequent full takeover of Noble's midstream business a year later, said the sources, who asked not to be [Read more]
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