MEXICO CITY, Sept. 18, 2025 /CNW/ - The close and long-standing relationship between Canada and Mexico has created greater certainty, security, and prosperity for both nations. Now, as the world order changes rapidly, Canada and Mexico are elevating this partnership. Today, the Prime Minister, Mark Carney, alongside the President of Mexico, Claudia Sheinbaum, launched a new Comprehensive Strategic Partnership to deepen ties between our countries and make North America the most competitive, [Read more]
News
Rockpoint Gas Storage Inc. Files Preliminary Prospectus for Initial Public Offering of Class “A” Shares
CALGARY, AB, Sept. 18, 2025 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announced today that it has filed a preliminary base PREP prospectus (the "Preliminary Prospectus") with the securities regulatory authorities in each of the provinces and territories in Canada for its proposed initial public offering of class "A" common shares ("Class A Shares") of the Company (the "Offering"). The number of Class A Shares to be offered and the offering price per share under the [Read more]
Cenovus releases presentation on MEG transaction highlighting superior value for shareholders
CALGARY, Alberta, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today released a presentation outlining the compelling advantages of its transaction with MEG Energy. The transaction was unanimously approved and reaffirmed by MEG Energy’s board of directors, and delivers full and fair value to MEG shareholders. In contrast, Strathcona Resources’ offer is inferior, high risk and not in the best interests of MEG shareholders. Why Cenovus’s transaction with MEG is [Read more]
Canadian banks’ fossil fuel funding nearly double compared with renewables: report
TORONTO - A new report says Canada's big banks financed about US$145 billion in fossil fuel investments last year, compared with about US$75 billion to low-carbon energy. The report by energy transition research firm BloombergNEF focuses on the ratio of global bank funding going to oil, gas and coal projects compared with low-carbon investments like wind, solar and electrical grids, as a way to see how much financial institutions are helping or hindering the transition. BloombergNEF found [Read more]
US could see LNG oversupply in 2027-2029 period, EQT CEO says
The U.S. could experience some oversupply of liquefied natural gas between 2027 and 2029, but supply will tighten in 2030, Toby Rice, the CEO of natural gas producer EQT Corp, told Reuters on Thursday. Rice was speaking on the sidelines of a conference in Houston. TotalEnergies CEO Patrick Pouyanne warned earlier this month of a potential supply glut in the market if all planned U.S. LNG projects come online. The U.S. is the world's top LNG exporter, with total annual capacity expected to reach [Read more]
Microsoft boosts Wisconsin data center spending to $7 billion
Microsoft on Thursday said it plans to build a second massive artificial intelligence data center in Wisconsin, bringing its spending in the state to more than $7 billion. The new $4 billion project will join a $3.3 billion data center in Mount Pleasant in the southeastern corner of the state, announced last year. Microsoft said the initial data center remains on track to open next year and will employ about 500 people at its peak, expanding to about 800 once the second data center is [Read more]
EU looks to accelerate ban on Russian LNG in new sanctions package, official says
The European Commission is discussing a proposal to bring forward a ban on Russian liquefied natural gas in a new package of sanctions against Moscow over its invasion of Ukraine, an EU official said. The new push follows a call between European Commission chief Ursula von der Leyen and U.S. President Donald Trump on Tuesday. The U.S. has stepped up pressure on Europe to play a more robust role in helping to end Russia's war in Ukraine, with a peace deal seemingly elusive despite repeated [Read more]
Exxon says AI is helping company’s bottom line
Exxon Mobil is seeing benefits to its bottom line with the use of artificial intelligence, including by drilling wells more quickly, Dan Ammann, Exxon's president of upstream, said on Thursday. The U.S. oil producer is also using AI to help remotely monitor some operations, Ammann said while speaking at the BNEF Summit in Houston. (Reporting by Sheila Dang in Houston) [Read more]
Inclusive Energy: The One-Stop Solution for Oil & Gas Producers—Immediate Equipment, Massive Inventory, and Capital Support
Inclusive Energy delivers immediate solutions through equipment availability and capital support. Calgary, AB – September 2025 Oil and gas producers across North America are grappling with unprecedented fabrication delays, with new tank orders now backed up well into spring 2026. The surge is driven largely by falling steel prices, which have prompted producers to lock in contracts while material costs remain favorable. Why the Backlog Several forces are at play. The biggest driver is the [Read more]
Cut Costs, Not Corners: Smarter Solvent Solutions for This Fall’s Maintenance
As Canadian producers prepare for fall, operational teams are busy with maintenance and turnaround activities, including plant shutdowns and well abandonments. Effective coordination and reliable supply chains are essential, as delays in securing solvents and diluents can result in costly downtime. In Western Canada’s fast-paced fall season, every minute counts. The Seasonal Maintenance Challenge Producers face common challenges, including thick oil hindering production, paraffin clogging [Read more]
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