U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk. Speaking alongside British Prime Minister Keir Starmer in Scotland on Monday, Trump said he was giving Moscow only 10 to 12 days to reach a deal to end the war in Ukraine before he would impose [Read more]
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SECURE announces 2025 second quarter results
Recorded Q2 2025 Adjusted EBITDA of $110 million ($0.49/basic share) Achieved a 12% year-over-year increase in Adjusted EBITDA per share for the six months ended June 30, 2025 Maintaining our full-year 2025 Adjusted EBITDA guidance of $510 - $540 million Repurchased 7% of total common shares outstanding year to date CALGARY, AB, July 29, 2025 /CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation") (TSX: SES), a leading waste management and energy infrastructure [Read more]
Baker Hughes bets on LNG, data center demand with $13.6 billion Chart Industries deal
Baker Hughes said on Tuesday it would buy Chart Industries in a $13.6 billion all-cash deal, including debt, edging out rival suitor Flowserve, to expand in the LNG, data centers and decarbonization segments. The deal is part of Baker Hughes' efforts to leverage its industrial and energy technology portfolio, which helped boost second-quarter earnings, and adds to the ongoing consolidation in the oilfield services and industrial supply sector. The company has offered Chart Industries' [Read more]
Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy
Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data centers and decarbonization Highly complementary capabilities enable enhanced value-creation solutions for customers across the lifecycle of projects and accelerate aftermarket growth [Read more]
Oil climbs on EU trade deal, potential US-China tariff truce extension
Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump's shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude was at $66.93 a barrel, up 22 cents, or 0.33%. Both contracts settled more than 2% higher in the previous session, and Brent touched its highest [Read more]
Baker Hughes nears $13.6 billion deal to buy Chart, edging out Flowserve, FT reports
Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries, edging out rival suitor Flowserve, the Financial Times reported on Monday, citing sources familiar with the matter. A potential deal would displace an agreement Chart made in June to combine with flow control systems maker Flowserve in a $19 billion all-stock merger. That agreement has now been terminated, the FT reported. Baker Hughes, Chart Industries and Flowserve did not [Read more]
Surge Energy swings to profit in Q2, raises 2025 production guidance
(Corrects currency figures to C$ throughout, and removes operating expenses figure in key details) Overview * Surge Energy Q2 production averaged 23,589 boepd * Co reports Q2 net income C$31.91 mln * Company raises average 2025 production guidance to 23,000 boepd, cuts capex by $15 mln * Q2 adjusted funds flow at C$72.8 mln, cash flow from operations C$56.3 mln Outlook * Surge Energy raises average 2025 production guidance to 23,000 boepd * Company lowers 2025 capital [Read more]
Surge Energy Inc. announces second quarter financial & operating results; increased 2025 production guidance and a lower capital budget
CALGARY, AB, July 28, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce financial and operating results for the quarter ended June 30, 2025, as well as an update on the Company's latest operational achievements. As a result of continued, successful drilling results in Surge's two core areas, the Company is revising its 2025 operating and capital budget guidance. Average 2025 production guidance has now been increased from 22,500 boepd to [Read more]
Topaz Energy Q2 revenue rises
Overview * Topaz Q2 revenue rises with 19% higher royalty production, driven by acquisitions * Cash flow up 7% yr/yr, supported by increased royalty and processing revenue * Co completed Alberta Montney facility acquisition, boosting infrastructure portfolio Outlook * Topaz reconfirms 2025 guidance with royalty production of 21,000 – 23,000 boe/d * Company expects 2025 processing revenue between C$88 mln and C$92 mln * Topaz anticipates 2025 exit net debt of C$430 mln to [Read more]
Topaz reports second quarter 2025 financial results demonstrating strong royalty and infrastructure growth
CALGARY, AB, July 28, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide second quarter 2025 financial results. Select financial information is outlined below and should be read in conjunction with Topaz's interim condensed consolidated financial statements ("Financial Statements") and related management's discussion and analysis ("MD&A") as at and for the three and six months ended June 30, 2025, which are available on SEDAR+ at www.sedarplus.ca and [Read more]
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