VICTORIA, British Columbia, Sept. 25, 2025 (GLOBE NEWSWIRE) -- A powerful and unified call to action to build British Columbia’s resource economy and bridge the urban-rural divide emerged from the inaugural Get It Done BC forum, hosted by the Resource Works Society. The sold-out, full-day event drew 150 leaders from municipal and Indigenous governments, industry, and policy circles to the Union Club of British Columbia on September 22, setting a clear, pro-development tone for the start of the [Read more]
News
Slovakia’s Fico seeks ‘common ground’ with US on Russian energy supplies
Slovakia expects to find "common ground" with the United States after pressure to end Russian energy purchases, Slovak Prime Minister Robert Fico said on Thursday as he defended receiving supplies from Moscow. The European Union has sought to isolate Russia for its 2022 invasion of Ukraine and to phase out purchases of Russian fuel that can provide revenues for the war. U.S. President Donald Trump has also said he wants the bloc to end its Russian energy purchases. Slovakia and Hungary, [Read more]
Rand Resources Inc.: Property Divestiture
Rand Resources Inc. (“Rand” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale or farmout of its oil and natural gas interests located in the Baptiste, Gold Creek and Kaybob areas of Alberta (the “Properties”). The Properties consist of predominantly 100% working interests in Crown mineral rights with prospective drilling locations for oil and natural gas primarily in the Montney, Duvernay, and Mannville formations. At Gold Creek, Rand has a 100% [Read more]
Chevron expects up to $400 million quarterly impact from Hess deal
Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades. Excluding severance charges and other costs related to the $55 billion transaction, the U.S. energy major expects an impact of $50 million to $150 million on [Read more]
STEP Energy Services Ltd. Receives Non-Binding Offer From ARC Financial Corp.
CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") announces the receipt of a non-binding offer (the ”Offer”) from ARC Financial Corp. (“ARC”) to acquire, through one or more funds managed by ARC, 100% of the issued and outstanding common shares in the capital of STEP not currently managed or owned, directly or indirectly, by ARC for a purchase price of $5.50 in cash per share. Funds managed by ARC currently own, directly or indirectly, or exercise control or [Read more]
BP postpones oil demand peak prediction to 2030 from 2025
BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency. The oil major's latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios. The "Current Trajectory" scenario is based on existing policies and pledges, while in its "Below 2-Degrees" scenario it envisions about a 90% drop in carbon emissions by 2050 from 2023 levels. Emissions are [Read more]
ARC Energy Fund 8 announces execution of voting support agreement with MMCAP International Inc. SPC in connection with the proposed going-private transaction of Step Energy Services Ltd.
CALGARY, AB, Sept. 25, 2025 /CNW/ - ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, "ARC Energy Fund 8") issue this press release pursuant to National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in respect of its holdings [Read more]
Tariffs, government spending, gas prices — what’s driving inflation right now?
OTTAWA - MPs returned to the House of Commons earlier this month to confront an old problem — inflation — which is now being driven by new forces. Many consumers are still reeling from the decades-high inflation levels seen in the post-pandemic recovery period, when prices for housing, fuel and groceries all surged. But the factors shaping inflation today are different from the ones in play when the lockdowns ended, and MPs and the Bank of Canada are now grappling with the impact of [Read more]
LNG Canada: A Test Case for Canada’s Nation-Building Agenda
When Ottawa unveiled its list of fast-tracked “nation-building” projects earlier this month, LNG Canada Phase 2 stood out. The Kitimat-based expansion project, led by Shell and international partners, is now being positioned not just as an energy investment, but as a strategic pillar in Canada’s industrial and trade future. Why LNG Canada qualifies The federal government’s new “Major Projects Office” is meant to fast-track developments of national significance — projects that create jobs, [Read more]
Canadian energy stocks break to 10-yr highs despite numerous headwinds and negative sentiment
It's felt like a bit of a rocky year in 2025 for Canadian energy. There have been numerous headlines that have driven (often negative) volatility in the sector, including: uncertainty over the Canadian election and resulting policies relentless tariff drama with the United States uncertainty over the Canadian dollar, which at one point touched 22 year lows before rebounding sharply OPEC accelerating the return of previously curtailed production into the global markets, causing oil [Read more]
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