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]
News
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]
Peyto Highlights Strategic Production Deferrals in Monthly Report Amid Weak AECO Prices
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]
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]
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