CALGARY, AB, Sept. 8, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") announces the filing of an early warning report (the "Early Warning Report") pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Between June 1, 2026 and September 8, 2026, Tourmaline completed two minor acquisitions (together, the "Acquisitions") in both the BC Montney and Alberta Deep Basin gas complexes to [Read more]
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Rubellite Energy Corp. announces disposition of East Edson natural gas assets
CALGARY, AB, Sept. 8, 2026 /CNW/ -- Rubellite Energy Corp. ("Rubellite", or the "Company") is pleased to announce that it has sold its 50% non-operated working interest in the East Edson natural gas assets in West Central Alberta (the "East Edson Assets") to the third-party operator of the East Edson Assets (the "Purchaser") for total consideration of $67.0 million, satisfied through the delivery by the Purchaser to Rubellite of 2.083 million freely tradeable common shares of Topaz Energy Corp. [Read more]
Asia is poised to take up 70% of Canadian oil exports, pipeline executive says
Asia, led by China, is expected to buy 70% of Canadian crude oil exports after the country's only pipeline that provides access to the continent expands its capacity by a third by the end of 2028, a Canadian industry executive said on Tuesday. * Demand from Asia for Canadian crude has increased as the U.S.-Israeli war on Iran has disrupted supplies from the Middle East. * The 890,000-barrel-per-day Trans Mountain pipeline from the province of Alberta to British Columbia's west coast from [Read more]
Goldman Sachs, HSBC raise oil price forecasts on Gulf disruptions
Goldman Sachs and HSBC raised their oil price forecasts this week as prices climbed to multi-week highs on persistent Middle East shipping disruptions. * Goldman Sachs on Monday raised its Brent and West Texas Intermediate crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle East will persist into next year. * Goldman Sachs said in a note that Brent crude could climb above $120 a barrel if average Gulf oil output [Read more]
Kalshi’s $400 million-plus monthly commodity trade volume outpaces early crypto growth
Prediction market startup Kalshi said on Tuesday monthly commodities trading volume on its platform was four times that of cryptocurrency at the same point, seven months after launch. Here are more details: * Commodities trading reached more than $400 million of monthly volume, the company said. * Boom in retail trading pushed Kalshi to adopt commodity prediction markets in products such as oil, gas and metals. * The strong performance showcasing appetite for these contracts has [Read more]
Alvopetro Expands Its Western Canadian Growth Platform with Mannville Heavy Oil Farm-In
CALGARY, AB, Sept. 8, 2026 /CNW/ -- Alvopetro Energy Ltd. (TSX-V: ALV) (OTCQX: ALVOF) is pleased to announce that we have entered into an earning agreement (the "Agreement") in the Mannville heavy oil fairway, adding 28 gross sections (14 net) of high-quality heavy oil lands to complement and expand on our existing Mannville position. Under the Agreement, Alvopetro has agreed to drill five earning wells commencing in Q4 2026, at an estimated cost of C$8.5 million. The program will [Read more]
Tamarack Valley Energy and Headwater Exploration sign merger deal
CALGARY - Tamarack Valley Energy Ltd. and Headwater Exploration Inc. have signed a merger deal valued at $10 billion that they say will bring together their operations in the Clearwater region in Alberta. Under the proposed transaction, Headwater shareholders will receive one share of Tamarack for each Headwater common share they hold. Tamarack shareholders will own 66.5 per cent of the combined company, while Headwater shareholders will own 33.5 per cent. Tamarack shares closed at [Read more]
Europe’s winter gas drama could leave deep scars: Bousso
Soaring European natural gas prices, driven by the Iran war, threaten to inflict a fresh round of economic pain on the continent just as it races to rearm, build out its AI capabilities and fend off intensifying competition from China. The damage could be long-lasting. Benchmark European gas prices climbed to €75 per megawatt hour (MWh) last week, more than double their level a year ago. They hit their highest level since late 2022, when Russian President Vladimir Putin's full-scale invasion [Read more]
Oil product flows out of Hormuz strait at 35% of pre-war levels, says Goldman exec
Oil product flows out of the Hormuz strait are at 35% of pre-war levels, compared with 70% for crude oil, a Goldman Sachs executive said on Tuesday. "The Middle East supply shock is bigger for products than crude, especially for the heavier products such as diesel," Goldman Sach's co-head of global commodities research Daan Struvyen told the APPEC conference, without specifying exact volumes. Around 2.2 million barrels per day of refined products such as diesel, gasoline, jet fuel and [Read more]
Iran’s president says Tehran to resist until ‘aggressors are regretful’, post on X
Iran will continue its resistance with strength until "aggressors" become regretful and its rights are defended, President Masoud Pezeshkian said on Tuesday, pointing to a less conciliatory tone from Tehran. "The Islamic Republic of Iran has always been against war and has considered the preservation of people's interests and regional security to lie in refraining from conflict. However, just as it has boldly risen to defend against aggression up to this day, it will continue this resistance [Read more]
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