CALGARY, AB, Sept. 17, 2025 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to provide an update on the previously announced three well program on its Beaverdam Assets. Operational Update Westgate is pleased to report that the three new wells drilled on the Company's Beaverdam Asset in Northeast Alberta on the Elizabeth Metis Settlement (the "New Wells") are currently producing at rates that have significantly exceeded management's budgeted [Read more]
News
Poland urges EU to end Russian oil imports by 2026, citing geopolitical risks
Poland has urged European Union member states that are still buying Russian energy to end those imports by the end of 2026 and will offer them help towards that effort, Energy Minister Milosz Motyka said on Wednesday. The Druzhba oil pipeline delivers Russian oil to Hungary and Slovakia, which continue to buy energy supplies from Russia after other EU nations cut ties following Russia's full-scale invasion of Ukraine in 2022. The European Commission will propose speeding up the phasing out [Read more]
Kremlin shrugs off EU plans to speed up phase-out of Russia’s energy
The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry Peskov said on Wednesday. The head of the EU's executive, Ursula von der Leyen, said on Tuesday after a call with U.S. President Donald Trump that the European Commission would propose a faster phase-out of Russian fossil fuel imports. "They (European countries) mistakenly believe that the continuation of the [Read more]
Oil prices hold steady as markets await Fed rate decision
Oil prices held steady in early trading on Wednesday, after rising more than 1% in the previous session on drone attacks on Russian ports and refineries, while traders awaited an expected rate cut from the U.S. Federal Reserve. Brent crude futures dropped 1 cent to $68.46 a barrel by 0114 GMT, while U.S. West Texas Intermediate crude futures also fell 1 cent to $64.51 a barrel. Reuters reported on Tuesday that three industry sources said Russia's oil pipeline monopoly Transneft (TRNF_p.MM) [Read more]
Five Point-backed WaterBridge raises $634 million in US IPO
(Adds further details from paragraphs 2 to 9) Sept 16 - WaterBridge Infrastructure raised $634 million in an initial public offering in the United States, the oilfield water management firm said on Tuesday, in the latest sign of renewed momentum in the listings market. The Houston, Texas-based company sold 31.7 million shares at $20, at the higher end of its marketed range of $17 to $20 apiece. The IPO valued it at $2.3 billion. WaterBridge's debut comes during a crowded stretch for [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. 16 LNG Joint Venture Analyst PetroChina Canada Calgary Sep. 16 Site Surveyor Strike Group All Areas Sep. 16 Electrical Superintendent Strike [Read more]
Puerto Rico inks $4 billion LNG contract with New Fortress Energy
Puerto Rico has negotiated a $4 billion liquefied natural gas contract with New Fortress Energy, Governor Jenniffer Gonzalez said on Tuesday in a post on social media. The supply deal, which comes after talks for a much larger contract broke down in July, reduced the term to seven years from 15 years - with the option to extend for an additional three years - and also eliminated exclusivity clauses. Gonzalez said prices for the LNG cargoes were more competitive, with some premiums [Read more]
Pembina Pipeline Receives Canada Energy Regulator Approval for Alliance Pipeline Settlement
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) announced that the Canada Energy Regulator (the “CER”) has approved the negotiated settlement (the “Settlement”) between Alliance Pipeline Limited Partnership (“Alliance”) and shippers and interested parties (the “Shipper Committee”) on the Canadian portion of the Alliance Pipeline. “We are pleased that the CER has approved the Settlement between Alliance and the Shipper Committee, resulting in a [Read more]
Alberta changing industrial carbon tax program to recognize company investments
CALGARY - The Alberta government is changing its industrial carbon tax program to let companies avoid paying provincial fees based on emissions by investing in their own emissions reduction projects instead. Premier Danielle Smith says the move, likely to come into effect this fall, would support economic growth while ensuring companies work to lower emissions. She says the province is also allowing smaller companies that don't meet the emissions threshold to opt out of the carbon pricing [Read more]
EU to propose faster phase-out of Russian energy, von der Leyen says
The European Commission will propose speeding up the phase-out of Russian fossil imports, the European Union executive's head Ursula von der Leyen said on Tuesday after a call with U.S. President Donald Trump. Von der Leyen said that she had a call with Trump on strengthening joint efforts to increase economic pressure on Russia through additional measures. More than three years after Russia launched its full-scale invasion of Ukraine, the U.S. and European Union still import billions of [Read more]
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