New North Resources Ltd. (“New North” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its non-core oil and natural gas interests located in the Deer Mountain area of Alberta (the “Property”). The Property consists of the Company’s non-operated 3.2% working interest in the Deer Mountain Unit No. 2. Average daily production net to New North from the Property for the quarter ended June 30, 2025 was approximately 36 boe/d, consisting of 35 barrels of [Read more]
Headlines
Energy Briefing AM – What Moved Overnight
Morning Oil & Gas Briefing September 29, 2025 What Moved Overnight WTI crude oil: $64.30/bbl (−2.2%) U.S. natural gas (Henry Hub): $3.15/mcf (−1.6%) CAD/USD: 0.71765 (up 0.06%) Canadian Headlines MEG/Cenovus situation: Proxy advisor signals “cautionary support” for the Cenovus bid for MEG, keeping the contest in focus — BOE Report. US / Global Rig activity: U.S. oil & gas rig count rose for a fourth straight week to 549, the highest since [Read more]
AltaGas appoints Bill Bullock to its Board of Directors
CALGARY, AB, Sept. 29, 2025 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announces the appointment of William ("Bill") Bullock as a new Independent Director, effective October 1, 2025. Mr. Bullock will serve as a member of AltaGas' Audit Committee. Including Mr. Bullock's appointment, AltaGas' Board of Directors ("Board") will be comprised of 11 members. Mr. Bullock is an industry veteran and distinguished leader in the energy sector with nearly four decades of [Read more]
BP and Total deepen commitments to US with major projects
European oil and gas majors BP and TotalEnergies on Monday deepened their commitments to the United States, with BP approving a $5 billion offshore oil field and TotalEnergies buying into an onshore gas field. Higher investment in U.S. oil and gas production aligns with U.S. President Donald Trump's goal to capitalise on the country's hydrocarbon resources. BP, which currently produces around 2.3 million barrels of oil equivalent per day, is becoming increasingly reliant on the United [Read more]
More cargoes from sanctioned Arctic LNG 2 project head east, data shows
Two liquefied natural gas tankers carrying cargoes from Russia's Arctic LNG 2 project are sailing east towards Asia after picking up fuel from the sanctioned project in the past week, according to ship tracking data from Kpler and LSEG. The Christophe De Margerie and Voskhod LNG tankers are travelling north of Russia towards Asia via the Northern Sea Route. They had previously berthed at Arctic LNG 2 on September 23 and 26 respectively, according to the data. Both tankers had been empty [Read more]
Utility Vistra to build two new natural gas power units in Permian Basin
Vistra said on Monday it would build two new natural gas units at its Permian Basin power plant in West Texas, more than tripling the site's capacity as the state's grid grapples with rising demand from households and the oil and gas industry. U.S. power consumption is expected to reach record highs in this year and the next, fueled by demand from data centers dedicated to AI and cryptocurrency, as well as increased electricity use in homes and businesses for heating and [Read more]
Ares Management to acquire Meade Pipeline for $1.1 billion
Ares Management said on Monday its infrastructure funds have bought Meade Pipeline for about $1.1 billion, adding a key natural gas asset to its U.S. energy portfolio as demand for power and gas surges. The investment management company is buying it from affiliates of XPLR Infrastructure, a leading independent power producer formed by NextEra Energy. Meade owns a 40% stake in the Central Penn Line, a 180-mile pipeline that carries gas from the Marcellus and Utica shale basins in [Read more]
EU confirms it has reinstated sanctions against Iran
The European Union confirmed on Monday that it had reinstated sanctions against Iran, following a similar move against Iran by the United Nations. "Today, the EU reinstated sanctions against Iran in response to its continued non-compliance with the nuclear agreement. The door for diplomatic negotiations remains open," said the EU presidency in a statement. The EU said the sanctions included freezing the assets of the Iranian Central Bank and other Iranian banks, as well as travel bans on [Read more]
BP greenlights $5 billion Tiber-Guadalupe drilling project in US Gulf
British oil major BP said on Monday it will move ahead with a $5 billion offshore drilling project in the U.S. Gulf of Mexico called Tiber-Guadalupe, marking another step in the company's strategy shift to refocus on its core oil and gas business. The project, expected to begin oil and gas production in 2030, will include a new floating platform with the capacity to produce 80,000 barrels of crude per day. After underperforming rivals like Shell and Exxon Mobil in recent years with rising [Read more]
Why the Iraq-Turkey oil pipeline was halted for 2-1/2 years
Crude oil flows from Iraq's northern Kurdistan region to Turkey resumed on Saturday for the first time in two and a half years. Here are details about the dispute that halted the piped supply of some 450,000 barrels per day (bpd) in March 2023: WHAT PROMPTED THE SHUTDOWN? Turkey shut the pipeline following an International Chamber of Commerce (ICC) ruling which ordered it to pay Iraq about $1.5 billion in damages for unauthorised oil exports from Iraqi Kurdistan between 2014 and 2018. Iraq [Read more]
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