CALGARY - Cenovus Energy Inc. says its cash-and-stock bid for MEG Energy Corp. offers a premium valuation and certainty over a rival all-stock offer for the oilsands company by Strathcona Resources Ltd. In a presentation advocating for its friendly deal, Cenovus says it brings scale, experience and technology to capture meaningful synergies with MEG. It argues the Strathcona deal carries significant downside risk if that company's shares drop once the deal is complete. The MEG board has [Read more]
News
Citi sees Brent crude at $60 by year-end as OPEC+ ramps up production
Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China's stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million barrels per day (mb/d) of voluntary cuts starting in October 2025. Citi said that could lead to stock builds of 1.1 mb/d in 2025 and 2.1 mb/d in [Read more]
How Canada’s Haisla became the world’s first Indigenous LNG owners
When Maureen Nyce, the new chief of the Haisla First Nation, donned a hard hat and safety vest for an August visit to the site of the Cedar LNG pipeline, she did so not as a visiting dignitary or cultural emissary - but as an owner. The Haisla - who have occupied territory on Canada's Northwest coast for 9,000 years - own a 50.1% equity stake in the $4-billion Cedar LNG export project near the town of Kitimat, British Columbia. Calgary-based Pembina Pipeline owns the remainder. The world's first [Read more]
Prime Minister Carney announces new partnership with Mexico to elevate ties across trade, energy, and security
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]
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]
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