While energy companies are retrenching in the face of a bleak near-term outlook for oil and gas, their investment plans suggest they believe the environment will shift dramatically by the end of the decade. Energy companies' spending plans are typically a good gauge of their confidence in the sector’s long-term outlook, given that it takes years to develop an oil or gas field and many more years before profits from these investments show up. Accurately forecasting the oil and gas sector’s [Read more]
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LNG is Shell’s top contribution to energy industry over next decade, CEO says
Liquefied natural gas (LNG) will be European oil major Shell's biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil fuel production, CEO Wael Sawan said on Monday. Sawan has increased Shell's focus on natural gas to improve the company's financial performance against its peers in Europe and the U.S. since taking over as CEO in January 2023, pivoting away from renewables by pulling out of a number of wind, solar and [Read more]
Oil falls as OPEC+ plans to further increase output
Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming supply surplus. Brent crude futures for November delivery, expiring on Tuesday, fell 47 cents, or 0.69%, to $67.50 a barrel by 0012 GMT. The more active contract for December was down 43 cents, or 0.64%, at $66.66 per barrel. U.S. West Texas Intermediate crude was trading at $63.05 a barrel, down 40 cents, [Read more]
Imperial announces restructuring to further advance its well-established strategy of increasing cash flow and delivering industry-leading shareholder returns
Leverages technology and global capability centres to deliver increased value Capitalizes on unique competitive advantage provided by access to major shareholder’s technology and global capability centres Drives long-term revenue growth and productivity of Imperial’s long-life advantaged assets Committed to meet or beat previously announced production and cost targets Expected annual expense savings of $150 million CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: [Read more]
Ensign Energy Services Inc. – Increases and extends existing credit facility to enhance financial flexibility
CALGARY, AB, Sept. 29, 2025 /CNW/ - Ensign Energy Services Inc. ("Ensign" or "the Company") is pleased to announce the successful renewal and expansion of its Credit Facility, reinforcing its commitment to disciplined financial stewardship and strategic growth. The new committed three-year term Credit Facility totals $950.0 million, maturing on September 29, 2028. This facility will be used to repay the remainder of the Company's existing Term Facility, streamlining its capital structure and [Read more]
Imperial Oil plans to cut 20% workforce by end of 2027
Canada's Imperial Oil said on Monday it expects to reduce employee roles by about 20% by the end of 2027 as a result of its restructuring plan. The company also expects to record a one-time restructuring charge of about $330 million before tax in the third quarter of 2025 and said it will achieve a reduction in annual expenses of $150 million by 2028. Imperial kept its 2025 forecasts unchanged and said the company is well-positioned to meet or beat its medium-term production and unit cost [Read more]
Money for Nothing and the Natural Gas for Free – AECO Natural Gas Still Can’t Catch a Break
Canadian natural gas producers have endured one of the weakest pricing environments in recent memory. Even with the much-anticipated start-up of LNG Canada—an export facility designed to connect Canadian supply to global markets—domestic prices have stubbornly refused to break free of their slump. At times, they’ve even dipped into negative territory, underscoring just how imbalanced the market has become. Prices Falling Through the Floor Western Canadian gas hubs, particularly AECO, have [Read more]
Ovintiv Renews Annual Share Buy-Back Program
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER, Sept. 29, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV), (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with Ovintiv's capital allocation framework, which returns at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders. The Toronto Stock Exchange ("TSX") has accepted Ovintiv's notice of intention to [Read more]
ATB Capital Markets Fall 2025 Energy Sector Survey Reveals Gas-Focused Growth Amid Tepid Industry Sentiment
88% of E&P companies expect to grow production over the next 12 months, with weighted average growth of ~5% (6-7% for gas-weighted vs. 4-5% for oil-weighted). Gas-weighted producers lead the growth story, underpinned by at least 3.2 bcf/d of incremental LNG export capacity expected to be green-lit before 2027. West Coast LNG expansion continues to stand out as the sector's top growth opportunity. Energy services outlook weakens, with margin pressures mounting even as modest activity [Read more]
TotalEnergies CEO says he’d be surprised if all approved US LNG projects will be built
TotalEnergies CEO Patrick Pouyanne said on Monday he would be surprised if all U.S. LNG projects that have received regulatory approval will be built, citing the difficulty of finding willing long-term buyers and financing. Pouyanne has previously warned that the United States is building too many liquefied natural gas plants, warning it could lead to a long-lasting glut in the market if all planned projects come online. He added that Asian clients that are currently signing on to buy U.S. [Read more]
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