Acquisition Announcement Company: Topaz Energy Corp. (TSX: TPZ) Transaction: Entered into definitive agreements with Tourmaline Oil Corp. Details: Acquiring gross overriding royalty interests on ~134,000 gross acres in NEBC Montney. Over 65% of the land is undeveloped. Includes ~410 future tier-one Montney drilling locations with multi-zone upside. Aligns Topaz with Tourmaline’s long-term Montney growth strategy. Purchase Price: $71.7 [Read more]
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Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2025-2026
Calgary, Alberta--(Newsfile Corp. - September 30, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted its application to renew its normal course issuer bid ("NCIB"). The NCIB allows for Trican to purchase up to 18,405,613 Common Shares, representing 10% of the Company's public float, as defined by the TSX, as of September 22, 2025. The NCIB will be in place from October 5, 2025 to October 4, 2026, [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 Sep. 30 Journeyperson Electrician Strike Group All Areas Sep. 30 3rd/4th Year Apprentice Electrician Strike Group All Areas Sep. 30 3rd/4th Year Apprentice [Read more]
Topaz announces tuck-in acquisition of NEBC Montney royalty assets
CALGARY, AB, Sept. 30, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that it has entered into definitive agreements with Tourmaline Oil Corp. ("Tourmaline") to acquire gross overriding royalty interests on approximately 134,000 gross acres, over 65% undeveloped, in its NEBC Montney core royalty area (the "Acquisition Lands") for total cash consideration of $71.7 million, before customary closing adjustments (the "Acquisition"). The [Read more]
Macquarie cuts WTI crude forecast for 2025, 2026 on oversupply concerns, policy uncertainty
Macquarie has lowered its West Texas Intermediate (WTI) crude oil price forecasts for 2025 and 2026, citing a heavily oversupplied market and heightened uncertainty stemming from recent policy decisions under U.S. President Donald Trump's administration. The bank in a note on Tuesday said it now expects WTI to average $64 per barrel in 2025, down $3 from its previous forecast, and $57 per barrel in 2026, also $3 lower. U.S. President Donald Trump's latest round of tariffs, including 100% [Read more]
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
Berkshire Hathaway is in talks to buy Occidental Petroleum's petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the matter. The potential sale of the OxyChem unit, which supplies products used in sectors such as medical care, food security and construction, would add to a series of divestitures the U.S. oil and gas producer has pursued in recent years. Occidental, in which Berkshire is already the largest shareholder, has [Read more]
Yemen’s Houthis say they will target major US oil exporters in nearby seas
Yemen's Houthis will target U.S. oil majors including Exxon Mobil and Chevron despite an earlier truce agreed with President Donald Trump's administration to not attack U.S.-linked ships sailing in the Red Sea and the wider Gulf of Aden, the Iran-backed militia said on Tuesday. The Sanaa-based Humanitarian Operations Coordination Center (HOCC), which liaises between Houthi forces and commercial shipping operators and is associated with the Houthi military, sanctioned 13 U.S. companies, nine [Read more]
US crude oil output hit fresh monthly record in July, EIA says
U.S. crude oil production rose to a fresh monthly high of 13.64 million barrels per day in July, up 109,000 bpd from the previous record in June, data from the Energy Information Administration showed on Tuesday. Oil output from top-producing state Texas rose to 5.8 million bpd in July, the highest since October 2024, while second-largest producer New Mexico hit a record 2.28 million bpd, the EIA data showed. Gross natural gas production in the U.S. Lower 48 states also hit a record high [Read more]
Imperial job cuts come amid wider tech-enabled efficiency push in energy industry
CALGARY - Imperial Oil's plans to cut 20 per cent of its workforce by the end of 2027 comes as part of a wider trend of industry job cuts as producers look to boost efficiencies amid lower oil prices and the availability of new technology. The company says the reductions, numbering about 1,000 based on an employee count of 5,100 as of the end of last year, comes at it looks to use technology to maximize the value of its existing assets. The cuts follow Cenovus Energy Inc. confirming [Read more]
MidOcean, backed by EIG and Aramco, buys into Petronas stake in LNG Canada
Liquefied natural gas company MidOcean, backed by EIG and Saudi Aramco, has agreed to buy a fifth of the Petronas venture that holds a 25% stake in Shell-led LNG Canada, MidOcean said on Tuesday. The deal also includes a fifth of Malaysian state energy group Petronas's Canadian upstream assets in the Montney shale gas region that feeds into LNG Canada. MidOcean declined to comment on the price of the transaction, but a person familiar with the situation put it at a little more than $3 [Read more]
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