(TSX: AAV) CALGARY, AB, Aug. 26, 2026 /CNW/ -- Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to sell its assets in the Wembley area (the "Wembley Assets") of Alberta for gross proceeds of $316 million in cash, prior to closing adjustments (the "Transaction"). The Wembley Assets include 32 net sections of Montney lands, 11.8 mmboe of Proved Developed Producing reserves, 27.9 mmboe of Proved [Read more]
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The president says the U.S. doesn’t need anything from Canada. Exports say otherwise.
OTTAWA - "WE DON'T NEED CANADA, THEY NEED US!" U.S. President Donald Trump's social media post this week was a continuation on a theme he's maintained throughout the trade war: that his country doesn't need anything from Canada. Experts — and exports — say that's not the case. Ontario Premier Doug Ford has urged the federal government to use some exports as leverage at the negotiating table — and after Trump's latest escalation, he called on Prime Minister Mark Carney to cut off the supply [Read more]
US preparing to ease environmental reviews for Alaska oil and gas drilling
The U.S. Interior Department is preparing to ease environmental review requirements for some oil and gas exploration activities in Alaska's National Petroleum Reserve as part of the Trump administration's push to speed energy development in the Arctic, an Interior spokesperson said on Wednesday. • The agency is working on a proposed "categorical exclusion" that would accelerate permitting for winter oil and gas exploration activities, including seismic surveys and exploratory drilling [Read more]
Fact File: U.S. could inflict pain on Canada through energy trade
CALGARY - A post this week from U.S. President Donald Trump on his Truth Social platform included an implied threat to energy products flowing into Canada from south of the border. Though Canada is by far an overall bigger supplier to its southern neighbour than the other way around, there are some regions of the country that would be hit hard in the event of a U.S.-initiated disruption. THE CLAIM Trump began his Monday post by insulting Ontario Premier Doug Ford, who had lashed out at the [Read more]
West Texas offers Canada a warning: Build energy infrastructure before the bottlenecks return
Diamondback Energy’s latest letter to shareholders should be required reading for Canadian policymakers. The Permian producer reported an average natural gas price of negative US$2.15 per Mcf in the second quarter, before hedging. During spring pipeline maintenance, prices at the Waha hub in West Texas fell to approximately negative US$10 per Mcf. In other words, producers were paying customers to take their natural gas. The problem was not a lack of demand for energy or an absence of [Read more]
Federal Industry Minister Joly tight-lipped on leveraging Alberta energy with U.S.
CALGARY - Canada's industry minister is deflecting questions about whether the country will use Alberta's abundant energy exports as leverage in the tense trade war with the United States. Mélanie Joly, pressed by reporters in Calgary over whether oil and gas shipments may be on the table, isn't tipping Ottawa's hand. Joly says the federal government doesn't negotiate in public and that she trusts Prime Minister Mark Carney to lead the country's approach. Talks between the two countries [Read more]
N.B. to review ban on fracking amid U.S. tariffs, premier says
FREDERICTON - New Brunswick Premier Susan Holt says her government is launching a review of the province's long-standing ban on hydraulic fracturing. The Liberal premier says the review of the 2014 ban on fracking is part of her government's work to explore ways it can strengthen the provincial economy. Officials say the Liberal provincial government will consult First Nations communities, local governments, industry stakeholders and regular New Brunswickers. Holt backed the ban as [Read more]
US crude stocks rise, gasoline and distillate inventories fall – EIA
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 95,000 barrels to 428.9 million barrels in the week ended August 21, the EIA said, compared with analysts' expectations in a Reuters poll for a 597,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.2 million barrels in the week, the EIA said. Oil futures pared earlier losses following the [Read more]
Enbridge to buy Salt Creek Midstream crude gathering assets for $600 million
Pipeline operator Enbridge said on Wednesday it would acquire Salt Creek Midstream's crude oil gathering business for $600 million in cash, expanding its presence in the crude-rich Permian Basin. The Permian Basin, the largest oil-producing region in the United States, continues to attract investment in gathering systems and pipeline networks as companies work to transport crude volumes through export terminals on the U.S. Gulf Coast. Here are more details: * Enbridge said the [Read more]
Japan to diversify crude supplies, back pipelines that bypass Hormuz
Japan unveiled a comprehensive plan on Wednesday to strengthen the resilience of its energy supply, including support for pipeline projects that bypass the Strait of Hormuz, the gateway to almost all of its imported crude before the Iran war. The plan was outlined at a meeting of the government's Green Transformation (GX) Implementation Council and specific measures, including legislative steps, are expected to be finalised by the end of the year. * Prime Minister Sanae Takaichi ordered [Read more]
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