CALGARY, AB, Sept. 2, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") confirmed that it has purchased 6,664,400 common shares ("MEG Shares") of MEG Energy Corp. ("MEG") today for aggregate consideration of approximately $190.8 million, in accordance with applicable securities laws. The average price paid for all MEG Shares purchased by Strathcona since the commencement of the Offer (as defined below) in accordance with applicable securities laws is $28.64 per MEG Share. The [Read more]
Headlines
Trump says he is ‘very disappointed’ with Putin over Ukraine
U.S. President Donald Trump said on Tuesday he was "very disappointed" in Russian President Vladimir Putin and added without elaborating that his administration was planning to take some actions to bring down deaths in Russia's war in Ukraine. The Republican leader also said he was not concerned about warm ties between Russia and China. Trump held a summit with Putin in Alaska in mid-August and subsequently met Ukrainian President Volodymyr Zelenskiy and key European and NATO alliance [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for September 29, 2025
Calgary, Alberta--(Newsfile Corp. - September 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid September 29, 2025, to shareholders of record on September 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil [Read more]
US records highest ever LNG exports in August
U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global's Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show. August exports totaled 9.33 million metric tons, beating the previous monthly record set in April of 9.25 million tons and higher than the 9.1 million tons exported in July, according to LSEG data. Plaquemines is the second-largest LNG plant in the [Read more]
US IPO market reopens for fall as Trump tariff jitters ebb
A slew of companies across sectors, ranging from crypto to consumer, launched IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump's tariffs started to ease. Analysts say the window through mid-October will be crucial, with several high-profile names lining up to gauge whether confidence in equities can withstand political and economic uncertainty. Swedish fintech Klarna, Winklevoss twins-backed crypto exchange Gemini, [Read more]
Enbridge gives go ahead for two natural gas transmission projects
CALGARY - Enbridge Inc. says it is going ahead with a pair of natural gas transmission projects. The company says it expects to spend US$300 million on the Algonquin Reliable Affordable Resilient Enhancement project which will increase deliveries from the Algonquin Gas Transmission pipeline to existing local distribution company customers in the U.S. Northeast. Subject to government and regulatory approvals, Enbridge says it expects to complete the project in 2029. Enbridge also says it [Read more]
Diamondback Energy, Inc. Announces the Sale of Its Equity Interest in Epic Crude Holdings, LP
MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced that its wholly owned subsidiaries have entered into a definitive agreement to sell their 27.5% equity interest in EPIC Crude Holdings, LP (“EPIC Crude”), an affiliate of EPIC Midstream Holdings LP, to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings (collectively “Plains”) for approximately $500 million in net upfront cash and an [Read more]
Source Rock Royalties announces second quarter 2025 results
CALGARY, AB, Sept. 2, 2025 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three and six month periods ended June 30, 2025. Second Quarter Highlights: Quarterly royalty production of 237 boe/d (93% oil and NGLs), a decrease of 6% over Q2 2024. Quarterly royalty revenue of $1,526,025, a decrease of 27% over Q2 2024. Quarterly adjusted [Read more]
Asia crude oil imports surge in August, but is it demand or prices?: Russell
Asia's imports of crude oil rebounded in August as heavyweight buyers China and India bought more crude from top exporters in the Middle East. The world's top importing region saw arrivals of 27.18 million barrels per day (bpd) in August, up from 24.91 million bpd in July and also above the 26.39 million bpd from the same month in 2024, according to data compiled by LSEG Oil Research. While the 2.27 million bpd increase from July looks strong, it's worth noting that July was the weakest [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for September 2025
CALGARY, AB, September 2, 2025 /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 September 30, 2025, to shareholders of record at the close of business on September 15, 2025. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil [Read more]