CALGARY, AB, Oct. 28, 2026 /CNW/ -- Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its third 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 September 30, 2026 and for the three and nine months ended September 30, 2026 and 2025 will be available on SEDAR+ at www.sedarplus.ca. Non-International [Read more]
Headlines
Cenovus to hold third-quarter 2026 conference call and webcast on November 4
CALGARY, Alberta, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its third-quarter 2026 results on Wednesday, November 4, 2026. The news release will provide consolidated third-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Third-quarter 2026 conference call: 8:30 a.m. ET (7:30 a.m. Calgary time) Analysts wishing to participate in the conference call are asked to [Read more]
Expand says Haynesville output growth needed to meet rising US natgas demand
Expand Energy on Wednesday called for increasing production at Haynesville and said the Permian basin will be unable to meet rising demand for US natural gas. Shale gas deposits in the Haynesville region in Texas and Louisiana have drawn producer interest in recent times, along with its more well-known neighbor — the Permian basin in west Texas and New Mexico. Expand, along with peers EQT and Range Resources, is looking at a second straight year of record natgas production to boost exports [Read more]
Bank of Canada delivers 1st hike in three years, raises key rate to 2.5%
OTTAWA - The Bank of Canada raised its benchmark interest rate for the first time in more than three years on Wednesday as it warned higher costs from the war in the Middle East are likely to spread. The central bank’s policy rate now stands at 2.5 per cent following a quarter-point hike. That key rate, which influences the cost of borrowing for banks, businesses and consumers alike, had held steady for nearly a year following a series of cuts. The Bank of Canada spent much of 2026 [Read more]
Reading Gulf anxiety in the oil price
By Andrew Mills Oct 28 - The closed-door diplomacy meant to end the war is doing little to calm the Gulf, where tensions and rhetoric are sharpening. Donald Trump says the US may strike Iran again, and Iranian security officials say Tehran has plans to hit back. We get only small glimpses of what is said in Tehran and Washington, and this week's did not offer much clarity. Qatari mediators brought Tehran a new draft deal on Sunday. By Wednesday, a senior Iranian official had dismissed what [Read more]
Oilfield services firms lean on Middle East rebound but risks persist
Top oilfield services companies are counting on a recovery in Middle East activity after months of disruptions to support growth next year, but rising operating costs and renewed flare-ups are tempering the near-term outlook. SLB, Halliburton and Baker Hughes all reported sequential revenue growth in parts of their Middle East businesses in the third quarter, as activity rebounded from conflict-related interruptions. Still, year-on-year metrics and company forecasts indicate that activity [Read more]
Equinor warns Europe is vulnerable to winter gas price spike if cold weather hits
Europe could face another spike in gas prices if cold weather boosts demand later this winter, when stocks are depleted and the region depends more on attracting scarce liquefied natural gas cargoes, Equinor's CEO Anders Opedal said on Wednesday. The warning came after the Norwegian gas producer reported its highest quarterly earnings since 2022, largely driven by a jump in natural gas as well as oil prices this year. "Storage levels are at their lowest for this time of year since 2011, [Read more]
Text of the Bank of Canada’s latest policy interest rate decision
OTTAWA - The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent on Wednesday. Here is the text of the central bank's decision: ——— The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5 per cent, with the Bank Rate at 2.75 per cent and the deposit rate at 2.45 per cent. Since the July Monetary Policy Report, global economic activity has remained resilient, despite higher energy prices. In the United States, the [Read more]
Equinor eyes Bay du Nord’s potential for cash, expansion as company doubles earnings
ST. JOHN'S - An Equinor executive says companies are showing more interest in its proposed Bay du Nord oil project off the east coast of Newfoundland. Speaking to investors Wednesday, Equinor's chief financial officer said there are other discoveries in the Bay du Nord area that could be developed as tie-ins to the main project. However, Torgrim Reitan says the company is not changing its plans for Bay du Nord just yet, as it prepares to make a final decision early next year about whether [Read more]
US crude stocks and distillate inventories fall, gasoline stocks rise, the EIA says
US crude stocks and distillate inventories fell while gasoline stockpiles rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.9 million barrels to 410.6 million barrels in the week ended October 23, the EIA said, compared with analysts' expectations in a Reuters poll for a 15,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 624,000 barrels, the EIA said. Oil futures held onto gains following the report. Global [Read more]