The United Arab Emirates' planned exit from OPEC and the wider OPEC+ alliance from May 2026 is expected to have limited immediate impact on oil markets but could weaken the group's supply discipline and price-management ability over time, HSBC said in a research note on Tuesday. The UAE, one of OPEC's largest producers, said on Tuesday it would leave both OPEC and OPEC+, dealing a blow to the producers' group as the U.S.-Israeli war on Iran disrupts energy flows. In the near term, HSBC [Read more]
News
ARC Resources Ltd. reports first quarter 2026 results
CALGARY, AB, April 28, 2026 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its first quarter 2026 financial and operational results following the announcement of its execution of an arrangement agreement pursuant to which it will be acquired by Shell plc ("Shell") on April 27, 2026. HIGHLIGHTS Shell Transaction On April 27, 2026, ARC announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with [Read more]
Westgate Energy announces completion of warrant exercise incentive program and receipt of $2.1MM in gross proceeds
CALGARY, AB, April 28, 2026 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to announce that it has completed the previously announced warrant exercise incentive program (the "Incentive Program") in relation to the 16,241,267 outstanding common share purchase warrants (the "Eligible Warrants") issued in connection with a best-efforts offering that closed on April 2, 2025, raising aggregate gross proceeds of $2,120,256 through the exercise of [Read more]
Western Energy Services Corp. release first quarter 2026 financial and operating results
CALGARY, AB, April 28, 2026 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its first quarter 2026 financial and operating results. Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis ("MD&A") as at March 31, 2026 and for the three months ended March 31, 2026 and 2025 will be available on SEDAR+ at www.sedarplus.ca. Non-International Financial [Read more]
Feds formalize enhanced oil recovery tax credit flip-flop in spring economic update
OTTAWA - The federal government's spring economic update today formalizes a pivot in climate policy that was first made in last year's energy agreement with Alberta. In the 2025 budget, the Liberals promised to not make enhanced oil recovery eligible for a tax credit for the development of carbon capture and storage systems. But 10 days after that budget passed the House of Commons it extended that tax credit to enhanced oil recovery projects in its energy memorandum of understanding with [Read more]
Main measures announced in Canada economic statement
Here are some of the main new measures that the Canadian government announced in a spring economic statement on Tuesday. * a new nationwide effort to recruit, train, and hire 80,000 to 100,000 new skilled trade workers by 2030/31. This will involve an initial C$2 billion investment over five years. Once workers are in training, the government is proposing an additional C$3.4 billion in grants over five years to ensure people compete their courses * reducing the contribution rate of the [Read more]
UAE exit strips OPEC of clout, risks bitter price war: Bousso
The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all-out price war once Gulf producers rush to regain market share when the Iran war is over. The surprise move comes at a time of unprecedented turmoil in energy markets as Gulf oil and gas exports have remained largely paralysed for two months due to the closure of the Strait of Hormuz, which has muted OPEC’s traditional ability to manage [Read more]
Monday Morning Montney M&A – asset maps, comparable transactions and random musings – StackDX Intel
Massive news in the WCSB yesterday morning as Shell and ARC Resources announced an agreement whereby Shell will acquire ARC Resources in a cash and share transaction valued at approximately C$ 22 billion. See Shell's press release here: Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”). See ARC Resources' press release here: ARC Resources Ltd. announces agreement to be acquired by Shell plc See Shell acquisition presentation here: Delivering more [Read more]
Blockbuster $22B Shell-ARC deal bodes well for expansion to LNG Canada, experts say
CALGARY - Global energy heavyweight Shell PLC's plan to buy one of Canada's biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say. The deal to buy Calgary-based ARC Resources Ltd. is valued at $22 billion, accounting for the target company's debt. It gets Shell access to ARC's holdings in the prolific Montney shale formation that last year produced 374,000 barrels of oil equivalent per day. And that means a steady [Read more]
World Bank forecasts 24% surge in energy prices in 2026 due to Middle East war
Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities in the region escalated and supply disruptions lasted longer than expected, the global development bank said in its latest Commodity Markets Outlook. The bank said its baseline scenario [Read more]
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