CALGARY, AB, Sept. 15, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2025, in respect of September 2025 production, for the shareholders of record on September 30, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]
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Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?
A U.S. court on Monday begins the final sale hearing of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors, following heavy competition for the seventh largest U.S. refiner. A court officer overseeing the auction in August changed his recommendation of winner to a $5.9 billion offer by an affiliate of hedge fund Elliott Investment Management, following a bidding war. He had previously recommended a $7.4 billion offer by a unit of Toronto-listed [Read more]
Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration for September 2025 of C$0.01275 per share
TSX: TVE CALGARY, AB, Sept. 15, 2025 /CNW/ - Tamarack Valley Energy Ltd. is pleased to announce the declaration of its monthly dividend. Dividend Declaration Tamarack's Board of Directors has declared a monthly cash dividend on its common shares of C$0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on October 15, 2025, to shareholders of record at the close of business on September 30, 2025. This monthly cash dividend is [Read more]
US and Europe do billions in trade with Russia despite sanctions
U.S. President Donald Trump said on Saturday that the United States was prepared to impose fresh energy sanctions on Russia, but only if all NATO nations ceased purchasing Russian oil and implemented similar measures. More than three years after Russia launched its full-scale invasion of Ukraine, the U.S. and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. Here are the main commercial ties that [Read more]
Oil extends gains after attacks on Russian energy facilities
Oil prices extended gains on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing U.S. fuel-demand growth. Brent crude futures rose 36 cents, or 0.5%, to $67.35 a barrel by 0632 GMT while U.S. West Texas Intermediate crude was at $63.05 a barrel, up 36 cents, or 0.6%. Both contracts gained more than 1% last week as Ukraine stepped up attacks on Russian oil infrastructure, including the [Read more]
Statement: CAOEC responds to major projects announcement
The Canadian Association of Energy Contractors (CAOEC) welcomes the federal government’s announcement of the first set of major projects, a significant milestone in strengthening Canada’s economic resilience during these unprecedented times. The Association is also encouraged by the government’s recognition of the importance of future oil pipelines in positioning Canada as a global energy superpower, and we look forward to additional project announcements in the near future. The decision to [Read more]
Trump presses NATO nations to halt Russian oil purchases
U.S. President Donald Trump issued a letter to NATO nations on Saturday, urging them to stop buying Russian oil and impose major sanctions on Russia to end its war in Ukraine. "I am ready to do major sanctions on Russia when all NATO nations have agreed, and started, to do the same thing, and when all NATO nations stop buying oil from Russia," he said in a social media post. He proposed that NATO, as a group, place 50-100% tariffs on China to weaken its economic grip over Russia. This [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for October delivery in Hardisty, Alberta, settled at $11.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.20 a barrel discount on Thursday. * That is the tightest discount WCS has settled at this month, though analysts say discounts are unlikely to get as tight this autumn as they were in the spring, when wildfires temporarily [Read more]
Ottawa working with Alberta, oil companies on emissions cap: Minister
OTTAWA - Natural Resources Minister Tim Hodgson says The federal government is in discussions with Alberta and oil companies on the federal emissions cap for the oil and gas industry. At a news conference in Winnipeg, Hodgson says both the province and industry agree with the government there needs to be a "fundamental change in the emissions intensity of the oilsands." He says they are in "productive" discussions on how they get to results, but will not "negotiate through the media" how that [Read more]
Strathcona’s Waterous confident on MEG Energy response to sweetened offer
The executive chair of Canadian oil company Strathcona Resources told Reuters he is confident his newly sweetened offer to buy MEG Energy will be enough to clinch a heated bidding war, in which a key decision is expected by Monday. Calgary-based MEG Energy has said it will respond on or before September 15 to the revised offer Strathcona made earlier this week to acquire the company, which is Canada's last remaining pure-play oil sands producer. Under the terms of an existing agreement with [Read more]
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