Mergers and Acquisitions:

• Calgary based TIW Western Inc. announced the acquisition of Calgary based Nor’west Controls Canada Inc., a designer and manufacturer of analytical sample systems, specialized sample system components, and power boiler water quality analytical systems. The acquisition enhances TIW’s offerings in analytical sample systems and complements its existing heat transfer solutions offering.

Other:

• Halliburton Company (NYSE:HAL) to idle or retire some oilfield equipment in response to declining demand among its customers. The company cited trade and tariff uncertainties, geopolitical unrest and the acceleration of OPEC+ production increases as reasons behind its decision.

• The Saskatchewan government joined the Alberta and Ontario provincial governments in unveiling a memorandum of understanding to explore trade opportunities and plan pipeline & rail infrastructure.

• OPEC+ maintained its existing oil production output policy on July 28 while emphasizing the importance of all members conforming with agreed production levels. The next meeting is scheduled for October 1.