GATINEAU, QC, July 2, 2026 /CNW/ - The Competition Bureau has reached an agreement with BVD Petroleum Inc. to resolve concerns related to its proposed acquisition of certain fueling assets from Cenovus Energy Inc. and Husky Canadian Petroleum Marketing Partnership. BVD operates Petro-Canada and Petro-Pass branded fueling stations and Cenovus operates Esso branded stations. The Bureau concluded that the transaction would likely reduce competition between a Petro-Canada and an Esso gas [Read more]
Headlines
Whitecap Resources Inc. announces executive appointment, confirms monthly dividend for July of $0.0608 per share and announces second quarter 2026 results conference call / webcast
CALGARY, AB, July 2, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap") is pleased to announce the appointment of Rebecca Schulz as Vice President, Regulatory and External Affairs. Ms. Schulz's primary responsibilities will include being the principal liaison on regulatory affairs and providing strategic alignment between policy development and corporate strategy. Ms. Schulz is a public affairs and policy leader with extensive experience across government, business, energy, environment and [Read more]
ARC Resources Ltd. announces that independent proxy advisory firms ISS and Glass Lewis have recommended ARC shareholders vote “FOR” the arrangement with Shell plc
CALGARY, AB, July 2, 2026 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended that the holders of ARC common shares ("ARC Shareholders") vote "FOR" the arrangement resolution at the upcoming special meeting (the "Meeting") of ARC Shareholders to be held on July 14, 2026 at 10:00 a.m. (Mountain time). At the Meeting, ARC [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for July 2026
CALGARY, AB, July 2, 2026 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on July 31, 2026, to shareholders of record at the close of business on July 15, 2026. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. [Read more]
Obsidian Energy Closes Belly River Acquisition and Increases 2026 Production Guidance
Calgary, Alberta--(Newsfile Corp. - July 2, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") has closed our previously announced acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition"). In conjunction with closing the Acquisition, we are updating our 2026 guidance to reflect the contribution of the acquired assets. Highlights: Closed the Acquisition on June 30, 2026, [Read more]
UBS cuts Brent crude price forecasts on improved Hormuz oil flows
UBS, on Thursday, cut its Brent crude price forecast by $25 for the September quarter to about $80 a barrel, on average, and now expects prices to hold the quarter after, citing the rise in oil flows via the Strait of Hormuz after the recent U.S.-Iran agreement. The bank also lowered its 2027 average Brent crude price forecast by $10 to $75 per barrel. * UBS said since the MoU, oil transits through the Strait have recovered to around 50% of pre-conflict levels, with Iranian crude also [Read more]
Kuwait’s KPC asks some oil pipeline bidders to form consortiums, say sources
Kuwait Petroleum Corporation (KPC) is asking some global funds bidding for a $7 billion stake in its oil pipeline network to recruit other investors to help consolidate the string of firms that lodged bids, three sources familiar with the matter told Reuters. The move will also ensure smaller investors that have relationships with KPC can get involved, the sources with knowledge of the matter said. The sources did not want to be identified publicly as they were not authorised to speak to the [Read more]
Alberta Premier Smith set to announce details of West Coast oil pipeline
CALGARY - Alberta Premier Danielle Smith is expected to give details today about her government's proposed million-barrel-a-day oil pipeline project to the West Coast. Smith inked an agreement with Prime Minister Mark Carney last fall. Their memorandum of understanding pledges to pave the way for a bitumen pipeline to the West Coast. It is tied to progress on a major carbon capture network by the province's biggest oil producers. Smith's announcement comes as the province prepares to [Read more]
Saudi Aramco ramps up exports from Ras Tanura, switches to spot sales, sources say
At least five supertankers carrying a total 10 million barrels of Saudi oil loaded from Ras Tanura have exited the Strait of Hormuz, with Saudi Aramco switching to spot pricing to speed sales in Asia, according to trade sources and shipping data. Saudi Aramco resumed loadings from Ras Tanura, the world's largest oil port, on Friday after a halt of nearly four months. The Saudi national oil company is ramping up loadings and shipments to Asia, adding to a prompt glut that has depressed Brent [Read more]
Oil falls for a third straight day after US, Iran talks conclude in Doha
Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the U.S. had made progress in indirect talks focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war. The discussions produced "positive progress" on issues related to the memorandum that halted the war in June, a Qatar Foreign Ministry spokesperson said in a post on X. There was, however, no sign that the two sides had made headway towards a lasting [Read more]
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