C$2.7 billion transaction led by KKR in collaboration with Apollo to fund Aspen Point and Sunrise Expansion Programs CALGARY, AB, Aug. 27, 2026 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with KKR to form a new joint venture, subject to the satisfaction of customary closing conditions, led by capital accounts advised by KKR, in collaboration with funds and affiliates managed by Apollo. The joint venture will [Read more]
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Coelacanth Announces Q2 2026 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased oil and natural gas production 531% to 7,632 boe/d in Q2 2026 from 1,210 boe/d in Q2 2025. Increased adjusted funds flow 1,889% to $10.7 million in Q2 2026 from adjusted [Read more]
After six months, the Iran war has reached its endgame – a costly stalemate
The Iran war has reached its endgame: a costly stalemate. Six months after U.S. and Israeli forces attacked Iran, killing its supreme leader and maiming his son and successor, the Iranian government is under economic siege, but it still holds power and believes it has time on its side. A threat by U.S. President Donald Trump to impose crippling new sanctions on Iran faces a fundamental problem: Tehran is betting he will not take the final step to break the stalemate - aggressively [Read more]
OPEC+ loses oil market sway in Iran war as China gains influence
Six months into the Iran war, the world's most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape. The war, which has shut a major export route for Middle Eastern oil and damaged energy infrastructure in several OPEC countries, has eroded the group's market share and, with it, its ability to affect prices. Its statements and policy decisions barely move oil markets anymore. Instead, cuts in Chinese crude imports have [Read more]
Asia’s crude oil imports stay soft in August, challenging US Hormuz claims: Russell
Asia's imports of crude oil in August are still well short of levels prior to the start of the Iran conflict, raising further questions as to just how much crude is actually leaving the Middle East. The top-importing continent is expected to see arrivals of 23.12 million barrels per day (bpd) in August, slightly down from July's 23.36 million bpd, according to data compiled by commodity analysts Kpler. Imports are also almost 4 million bpd, or 14%, down from the average of 26.91 million [Read more]
Sempra begins permitting process for major LNG expansion in Texas
Sempra Energy's unit Port Arthur LNG has started the federal permitting process for a major expansion of its liquefied natural gas export operations in Southeast Texas, according to a regulatory filing made on Wednesday. The proposed Port Arthur LNG North Project would add four liquefaction trains capable of producing up to 27 million metric tons per annum (mtpa) of LNG, significantly expanding the company's export footprint on the U.S. Gulf Coast, the filing showed. According to the [Read more]
Hemisphere Energy Responds to Incident at Atlee Buffalo Oil Battery
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") reports that a fire incident occurred overnight at the Company's largest oil battery at its Atlee Buffalo property. Emergency protocols were activated immediately, and the fire has since been extinguished with all damage contained within the Company's lease. There are no injuries reported. The incident resulted in the loss of all three [Read more]
Ovintiv Announces Permian and Montney Inventory Additions
DENVER, Aug. 26, 2026 /CNW/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today provided an update on its 2026 ground game acquisition program. On a year-to-date basis, the Company has entered into over 60 transactions, which will result in the addition of approximately 41,000 net acres of land across its Montney and Permian assets for a total acquisition cost of approximately $460 million. The transactions will add 240 net 10,000-foot equivalent well locations to Ovintiv's drilling inventory (190 base [Read more]
Advantage Announces Wembley Disposition and Accelerated Return of Capital
(TSX: AAV) CALGARY, AB, Aug. 26, 2026 /CNW/ -- Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to sell its assets in the Wembley area (the "Wembley Assets") of Alberta for gross proceeds of $316 million in cash, prior to closing adjustments (the "Transaction"). The Wembley Assets include 32 net sections of Montney lands, 11.8 mmboe of Proved Developed Producing reserves, 27.9 mmboe of Proved [Read more]
The president says the U.S. doesn’t need anything from Canada. Exports say otherwise.
OTTAWA - "WE DON'T NEED CANADA, THEY NEED US!" U.S. President Donald Trump's social media post this week was a continuation on a theme he's maintained throughout the trade war: that his country doesn't need anything from Canada. Experts — and exports — say that's not the case. Ontario Premier Doug Ford has urged the federal government to use some exports as leverage at the negotiating table — and after Trump's latest escalation, he called on Prime Minister Mark Carney to cut off the supply [Read more]
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