Summary Eight OPEC+ members met online OPEC+ cites steady economic outlook, healthy market fundamentals (Reuters) – OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned. Eight … Read more
Summary Brent and WTI down over 1% this week OPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decision (Reuters) – U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures … Read more
CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — Trans Mountain Corporation (“TMC” or “the Company”) has released its financial statements and associated management report for the three months ending March 31, 2025. The Company’s financial results are also included in Canada Development Investment Corporation’s (“CDEV”) consolidated quarterly financial statements. Adjusted earnings before interest, taxes, depreciation, … Read more
By Lawrence Schembri Property Rights, Transaction Costs, and Indigenous Participation in Major Projects: A Double Dose of Coase Indigenous participation in major natural resource and energy projects in Canada is increasing because of the strengthening of their property rights with Canada’s adoption of the United Nations Declaration of the Rights of Indigenous Peoples (UNDRIP) and … Read more
(Reuters) – Canadian oil sands company MEG Energy said on Friday it evacuated all nonessential workers from its Christina Lake production facility in northern Alberta due to wildfires burning in the area. The company said it has not curtailed its oil production at the site, which is located 150 kilometers (93 miles) south of the … Read more
Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 billion including debt.
CPP Investments says EOG Resources is the buyer of Encino Acquisition Partners, which CPP Inve…
If the Liberal government has a plan for the future of conventional energy, now would be a good time to tell us what it is. By Jim Warren During the Cold War, Western journalists and political analysts were typically unable to penetrate the secrecy surrounding the machinations of upper level Soviet politics. They would struggle … Read more
CALGARY, AB, May 30, 2025 /CNW/ – Fiddlehead Resources Corp. (“Fiddlehead,” or the “Company”) (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operating information should be read in conjunction with Fiddlehead’s unaudited consolidated financial statements and related management’s discussion and … Read more
By Aaron Weinman and Chunzi Xu Brookfield Asset Management Ltd. is lining up approximately $3 billion in debt financing to support its purchase of Colonial Enterprises, which operates the Colonial Pipeline in the US, according to people familiar with the matter. Morgan Stanley is leading the financing and a deal could emerge in the leveraged … Read more
By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar OPEC+ may discuss hike larger than 411,000 bpd, sources say Eight OPEC+ members to meet online on Saturday at 0900 GMT Kazakhstan has informed OPEC it won’t cut output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 30 (Reuters) – OPEC+ may discuss an … Read more
By Timothy Gardner WASHINGTON, May 30 (Reuters) – The U.S. has axed awards to 24 green energy projects issued during President Joe Biden’s administration that totaled more than $3.7 billion, including one at an Exxon refinery complex in Texas, the Energy Department said on Friday. The administration of President Donald Trump has said it is … Read more
Shale producer EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica assets. The deal signed with Canada Pension Plan Investment Board (CPP) and Encino Energy will give EOG access to additional 675,000 net core acres and expand its multi-basin … Read more
CALGARY, AB, May 30, 2025 /CNW/ – MEG Energy Corp. (“MEG” or the “Corporation”) (TSX: MEG) acknowledges the commencement by Strathcona Resources Ltd. (“Strathcona”) of a conditional, unsolicited takeover bid (the “Offer”) to acquire all of the issued and outstanding MEG common shares not already owned by Strathcona or its affiliates. The MEG Board of Directors (the “Board”), together with its financial … Read more
CALGARY, AB, May 30, 2025 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan“) is pleased to announce completion of construction and commissioning of its 40 mmcf/d Pouce Coupe 04-19 gas plant, compressor station and oil battery (the “Pouce Coupe Facility“) as well as associated gas gathering and sales pipelines in the area. In connection with commissioning, the Company today closed the previously … Read more
Summary Brent projected to average $66.98 per barrel in 2025 WTI to average at $63.35 per barrel in 2025 For table of crude price forecasts, click (Reuters) – Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the impact of trade disputes on … Read more
Read the Strathcona Press Release Here Strathcona Resources Ltd. has formally launched its takeover bid for fellow oilsands producer MEG Energy. Its offer, open until Sept. 15, comprises 0.62 of a common share of Strathcona and $4.10 in cash for each MEG share it doesn’t already own. MEG said Friday that its board as well … Read more
CALGARY, Alberta, May 29, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions … Read more
Calgary, Alberta–(Newsfile Corp. – May 29, 2025) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2025. Selected financial and operating information is outlined below and should be read with Lycos’ unaudited condensed interim consolidated financial statements and related … Read more
By Ergete Ferede Revenue Effects of Tax Rate Changes in Alberta As recently as 2014, Alberta enjoyed a significant tax advantage, which included a single 10% personal income tax (PIT) rate, the lowest in Canada. However, in 2015, the newly elected NDP government introduced a progressive five-bracket PIT system with a top rate of 15%, … Read more
By Jake Fuss and Grady Munro This week, after five months off and one federal election, Parliament has started a new session in Ottawa. And federal finances should be a top priority. Too much of anything can be harmful. In recent years, both the size of government in Canada and the government debt burden have grown too large, harming … Read more
Summary Brent and WTI down 0.5% this week OPEC+ likely to raise July output at Saturday meeting (Reuters) – Oil prices were stable on Friday, but on track for a second consecutive weekly decline, pressured by expectations of another OPEC+ output hike and uncertainty about U.S. tariffs after the latest legal twist kept them in place. … Read more
Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a rally in global stock markets and shove the dollar higher against its safe-haven peers? Early in the Asian trading day, news broke the court had declared President Donald Trump’s April 2 tariffs to be … Read more
By Grant Smith Saudi Arabia and its partners have discussed another large output hike, even as prices slide and demand wavers. Saudi Energy Minister Prince Abdulaziz bin Salman, who has recently doubled down on a radical OPEC strategy shift. Photographer: Vladimir Simicek/AFP via Getty Images OPEC+ looks set to push more oil onto a fragile … Read more
By Sybilla Gross and Yongchang Chin Goldman Sachs Group Inc. touted gold and oil as hedges against inflation in long-term portfolios, citing the appeal of bullion as a haven amid concerns over US institutional credibility and crude’s ability to protect against supply shocks. Analysts including Daan Struyven said investors with so-called 60/40 portfolios — an … Read more
By Nelson Bennett Canada’s new prime minister has made some encouraging pronouncements recently about making Canada an energy superpower – a pledge repeated by King Charles in Tuesday’s throne speech. By Resource Works More News and Views From Resource Works Here Canada’s new prime minister has made some encouraging pronouncements recently about making Canada an … Read more
25 out-of-control fires are burning in the province By Robert Tuttle Wildfires are threatening about four per cent of Canada’s crude output as a blaze in Alberta’s oilsands region spreads and approaches major production sites. A total of 25 out-of-control fires are burning in the province amid hot, dry weather, with flames now within 20 … Read more
Calgary, Alberta – TheNewswire – (May 29, 2025) – Tenth Avenue Petroleum Corp. (“TPC” or the “Company”) (TSXV:TPC) is pleased to announce its financial and operating results for the three months ended March 31, 2025. The associated management’s discussion and analysis (“MD&A”) and unaudited interim financial statements for the three months ended March 31, 2025, can be … Read more
CALGARY, AB, May 29, 2025 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company“) is pleased to announce its financial and operational results for the three months ended March 31, 2025. FINANCIAL AND OPERATING HIGHLIGHTS Financial Three months ended ($ thousands except per share amounts) Mar. 31 2025 Mar. 31 2024 % Change Oil and natural gas sales 4,992 5,530 (10) Adjusted funds … Read more
By law, Musk’s status as a temporary government official was set to run out as soon as May 30 By Gregory Korte, Jennifer A. Dlouhy and Dana Hull Billionaire Elon Musk said Wednesday that his time as formal adviser to United States President Donald Trump is coming to a close, raising questions about the future … Read more
A new report says the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to clear the backlog or keep up with the rate of surrendering.
The report, written by former University of Calgary Pub…
Oil prices rose on Thursday after a U.S. court blocked most of President Donald Trump’s tariffs from taking effect, while the market was watching out for potential new U.S. sanctions curbing Russian crude flows and an OPEC+ decision on hiking output in July. Brent crude futures climbed 78 cents, or 1.2%, to $65.68 a barrel. … Read more
By Mark Cunningham By Resource Works More News and Views From Resource Works Here As the global race to energy security and reducing emissions heats up, nuclear fission is having a major comeback, driven by rapid progress in Small Modular Reactors (SMRs). Canada is getting ahead of the game and so should. With China moving … Read more
Calgary, Alberta–(Newsfile Corp. – May 29, 2025) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 30, 2025. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended March 31 ($000s, except per share amounts) 2025 2024 % … Read more
See Original Story in Edmonton Journal Here Alberta Premier Danielle Smith says Tuesday’s throne speech did not include any “substantive” policies or actions she’d previously outlined. Alberta Premier Danielle Smith says Tuesday’s throne speech did not include any “substantive” policies or actions she’d previously outlined to Prime Minister Mark Carney in order to reset the … Read more
(The opinions expressed here are those of the author, a columnist for Reuters.)*US drillers slow down operations following oil price drop *US oil output growth set to slow in 2025 *OPEC will need to deepen price war to significantly impact US output By Ron Bousso LONDON, May 29 – Oil drillers in the U.S. shale … Read more
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the U.S. oil producer’s plan to cut up to 20% of its global workforce by the end of 2026. The job cuts will be in Midland County, where Chevron has large operations in … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
Manitoba declared a state of emergency and urged thousands of people in northern and eastern parts of the province to evacuate on Wednesday, as wildfires spread in Central and Western Canada.Manitoba Premier Wab Kinew said at a news conference that 17,000 people needed to move quickly, including from the city of Flin Flon. Many will … Read more
The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda. A panel of three judges at the US Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democratic-led states and small businesses that accused … Read more
(Reuters) – President Donald Trump’s administration has canceled a partial loan guarantee of $2.92 billion that had been awarded to residential solar panel installer Sunnova Energy, the company said on Wednesday. The administration, which is pushing to maximize oil and gas production, has said it is reviewing financing from the Department of Energy’s Loan Programs … Read more
CALGARY, AB, May 28, 2025 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operating information should be read in conjunction with Westgate’s unaudited consolidated financial statements and related management’s discussion and … Read more
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler OPEC+ met online on Wednesday Eight OPEC+ members to meet on Saturday to decide on July output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 28 (Reuters) – OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, … Read more
By Nicole Jao OPEC+ keeps output policy unchanged Eight OPEC+ members expected to agree to output boost Saturday Goldman Sachs sees OPEC+ keeping output steady after July hike Chevron’s Venezuelan oil curbs, Canadian wildfires limit price downside NEW YORK, May 28 (Reuters) – Oil prices gained more than 1% on Wednesday on supply concerns as … Read more
A representative for the Nova Scotia Assembly of Mi’kmaw Chiefs says the provincial government needs to do a better job of consultation as it seeks to develop the province’s natural resources.
Chief Tamara Young, of Pictou Landing First Nation, told a…
HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with Canadian Natural Resources Limited. Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of natural gas … Read more
Australia’s Environment Minister has given preliminary approval to extend the life of the North West Shelf LNG plant to 2070, with conditions, potentially creating billions of dollars in new drilling opportunities. Summary by Bloomberg AI The decision has raised questions about the nation’s climate agenda, as the plant is one of Australia’s biggest polluters, and … Read more
Summary Full OPEC+ meeting takes place on Wednesday Eight OPEC+ members meet on Saturday to decide on July output Wednesday’s meeting scheduled to begin at 1300 GMT, sources say (Reuters) – OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from the group said, while separate talks … Read more
(Reuters) – OPEC+ oil producers have three layers of output cuts in place after agreeing the first cutback in 2022. This year, eight OPEC+ members have started to raise production and unwind the third and most recent tranche of cuts. The 22-member OPEC+ will hold an online meeting on Wednesday, which is not expected to … Read more
The Canadian Association of Energy Contractors (CAOEC) represents energy service contractors that employ tens of thousands of hard-working women and men in rural, remote, and Indigenous communities across Canada who power our nation’s energy sector. Their voices matter, their jobs matter, and their livelihoods are the backbone of this industry. Today, we welcome the vision … Read more
Summary OPEC+ grouping meets Wednesday Eight OPEC+ members expected to boost output on Saturday Goldman Sachs sees OPEC+ keeping output steady after July hike Canadian wildfires, Chevron’s Venezuelan oil curbs limit price downside (Reuters) – Oil prices inched up on Wednesday, with the U.S. barring Chevron from exporting crude from Venezuela and production shut-ins from Canada, … Read more
May 28 (Reuters) – Energy major ExxonMobil has entered into exclusive negotiations with the French unit of Canadian energy group North Atlantic to divest its majority-owned French subsidiary Esso , it said on Wednesday. The sale is expected to take place in the last quarter of this year, at a price of 149.19 euros ($168.82) per Esso … Read more
Halting funding for natural gas expansion cut off many Indigenous communities from affordable energy. By Geoff Russ By Resource Works More News and Views From Resource Works Here Energy poverty in Canada is both an urgent and underreported crisis that is affecting Indigenous, rural, and remote communities across the country. This is a resource-rich country, … Read more
By Julio Mejía and Elmira Aliakbari The Carney government continues to send mixed signals to Canada’s energy sector. Earlier this month, less than 48 hours after Prime Minister Carney expressed conditional support for new pipelines, Steven Guilbeault, a high-profile member of Carney’s cabinet, dismissed the need for additional pipeline infrastructure, claiming that the Trans Mountain pipeline is … Read more
The federal government moved on Tuesday to purge consumer carbon pricing from law, effectively putting an end to what was once the keystone of the Liberals’ climate policy.
In a notice of motion tabled in the House of Commons, the government signalled…
Wildfires present a regular threat to the province’s oil and gas production, typically from March through October Bloomberg News Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at 4:15 p.m. Monday, including a 2,000-hectare blaze near … Read more
By Mrinalika Roy Uranium market recovery expected after Trump signs new US nuclear energy orders Analysts foresee long-term uranium supply confidence and increased contracting activity May 27 (Reuters) – President Donald Trump’s latest orders seeking to revitalize the U.S. nuclear energy industry could pull the uranium market out of its current lull and boost investor … Read more
By Ahmad Ghaddar, Alex Lawler and Yousef Saba Full OPEC+ meeting takes place on Wednesday Eight OPEC+ members meet on Saturday to decide on July output UAE says OPEC+ must be mindful of rising oil demand For an EXPLAINER on OPEC+ output cuts, click here LONDON/DUBAI, May 27 (Reuters) – OPEC+ is likely to agree … Read more
Tesla has been reeling from protests and boycotts over Musk wading into politics, but it also faces other factors The Associated Press Tesla’s monthly sales in Europe plunge by half, signalling Musk backlash runs deep Tesla sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to data released Tuesday. … Read more
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports. The world’s top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for … Read more
(Reuters) – Norwegian oil and gas investments are expected to hit a record this year, and to decline next year, a statistics office survey of industry players showed on Tuesday. The country’s biggest business sector expects to invest 269.1 billion crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to … Read more
(Reuters) – Oil prices were little changed on Tuesday as easing trade war concerns offset expectations OPEC+ will decide to increase their output at a meeting later this week. Brent crude futures were up 26 cents, or 0.4%, at $65 a barrel by 0920 GMT, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, … Read more
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 26, 2025 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on the recent ruling by the Court of Appeal of Quebec related to Bill 21, An … Read more
Suncor Energy Inc., Canadian Natural Resources Ltd. and ConocoPhillips also have been named as possible buyers of MEG Bloomberg News Cenovus has been named as a potential rival bidder for MEG after Strathcona Resources Ltd. unveiled plans last week to take a $5.93 billion takeover offer to MEG’s shareholders. Photo by Jeff Cenovus Energy Inc.’s top executive … Read more
By Jake Fuss and Grady Munro On Monday, Parliament returns to the House of Commons, and the new Carney government will now attempt to implement the policy agenda it sold to Canadians in this year’s election. The government’s first priority is to follow through on its promise to cut personal income taxes for Canadians—a change that is long-overdue at the federal … Read more
Indigenous equity opportunity in oil and gas valued at $58 billion over next 10 years By Grady Semmens Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Eva Clayton, back left, President of the Nisga’a Lisims Government (joint venture owner of the proposed Ksi Lisims LNG project), Crystal Smith, … Read more
By Robert Tuttle Oil storage containers and pipelines at the Hardisty terminal in Hardisty, Alberta Photographer: Jason Franson/Bloomberg A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices. The average price paid to lease oil … Read more
SQUAMISH, BC/CNW/ – The Woodfibre LNG project reached a major construction milestone on Saturday with the safe arrival of the first seven specialized LNG modules to site. The pipe rack modules, transported by heavy cargo vessel, are the first large-scale modular components to arrive at the site for installation. The pipe rack modules are … Read more
(Reuters) – Asia’s imports of liquefied natural gas stagnated in May while Europe’s continued to ease as demand in both of the world’s top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.89 … Read more
(Reuters) – South Africa has offered to buy liquefied natural gas from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the South African government news agency website. The document, signed by Minister in the Presidency Khumbudzo Ntshavheni and posted late … Read more
U.S. President Donald Trump said Vladimir Putin had “gone absolutely CRAZY” by unleashing the largest aerial attack of the war on Ukraine and said he was considering more sanctions on Moscow, but he also scolded Ukrainian President Volodymyr Zelenskiy. “Something has happened to him. He has gone absolutely CRAZY!” Trump said of the Russian president … Read more
Summary Trump raises prospect of more sanctions on Moscow OPEC+ could agree further increase in output US public holiday likely to limit trade on Monday (Reuters) – Oil prices rose on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on the bloc that could hit … Read more
By Tammy Nemeth and Ron Wallace Senator Rosa Galvez’s recent op-ed in the National Observer champions the reintroduction of her Climate-Aligned Finance Act (Bill S-243) as a cornerstone for an “orderly transition” to achieving a low-carbon Canadian economy. With Prime Minister Mark Carney—a global figure in sustainable finance—at the helm, Senator Galvez believes Canada has … Read more
By Jake Fuss and Grady Munro Apparently, despite a few days of conflicting statements from the government, the Carney government now plans to table a budget in the fall. If the new prime minister wants to reduce Ottawa’s massive debt burden, which Canadians ultimately bear, he must begin to work now to reduce spending. According … Read more
When a major oil and gas operator sought to improve the safety and reliability of their boiler level indication system, they turned to Clark-Reliance’s LevelMax™ solution. The existing setup—an aging water column with flat glass gauges—struggled to provide clear visibility, was difficult to maintain, and demanded significant installation space. These same challenges are all too … Read more
The rapid growth of electric vehicles (EVs) is reshaping the energy landscape, creating both challenges and opportunities for utility companies. As EV adoption surges across the U.S., utilities are on the front lines of enabling the infrastructure needed to support the transition. But they don’t have to do it alone. Click here to learn more … Read more
In the world of oil and gas, managing asset integrity shouldn’t require juggling multiple disconnected systems. Yet for many producers, that’s the reality – equipment data lives in one place, inspections in another, and scheduling somewhere else. It’s a recipe for misalignment, inefficiency, and risk. Muddy Boots changes that. Our all-in-one operations platform has organically … Read more
Starting with LNG Canada, producers will finally have access to new customers overseas By Cody Ciona Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Maran Gas Roxana being towed to LNG Canada site. Photo courtesy LNG Canada Canada’s natural gas production and exports are primed for growth as … Read more
By Bjørn Lomborg Hot Air and Cold Truths: Collected Essays on the Myths and Realities of Climate Change This series of essays challenges the prevailing alarmist narratives surrounding climate change and argues for a more balanced approach to environmental policy, emphasizing the need for cost-effective solutions that prioritize human well-being, economic growth, and technological innovation … Read more
‘So far I’m not seeing anything to suggest there’s been a true change of heart,’ says Premier Danielle Smith, of Prime Minister Mark Carney and his Liberal government By Rick Bell See this Story and Others by Rick Bell Here Danielle Smith, Alberta’s premier, says it is Go Time for Mark Carney, Canada’s prime minister. … Read more
Energy corridors were talked about extensively during the election, but G. Kent Fellows says there is are far more to it than just steel, wire, and tracks. By Resource Works More News and Views From Resource Works Here The concept of national energy corridors does seem straightforward enough, at first glance. It calls to mind … Read more
By Julio Mejía and Elmira Aliakbari In a recent interview with CTV, Prime Minister Mark Carney said he may eliminate Bill C-69, which imposes uncertain and onerous review requirements on major energy projects, and eliminate the cap on oil and gas emissions, so energy projects can “move forward.” Of course, actions speak louder than words and … Read more
Taking place at a critical time of regulatory change in Canada and beyond, the 3rd Annual Methane Mitigation Canada Summit is back, offering the ideal blend of cutting-edge technical case studies, policy analysis, and strategic approaches from operators, regulators, solution providers and financial representatives alike. Returning to the Hotel Arts, Calgary from September 24-25, the … Read more
Alberta’s energy regulator has fined a company $456,000 for submitting false or misleading information in its applications for reclamation approval.
The regulator says CEPro Energy and Environmental Services submitted five certificate applications in …
From: Natural Resources Canada “Canada Strong: Building the Future of Energy” Date of delivery: May 23, 2025 Introduction Hello, Thanks for having me here today. And above all, thank you for the work you do as a Chamber. Your priorities — securing diversified trade, attracting, retaining and investing in talent, and making it easier to do … Read more
Stampede Events Need to book a Stampede party? We have all the options you’ll need! Whether your vibe is right in the middle of all the action or a little elevated with a cocktail in hand, we’ve got you covered. Choose your venue and we’ll help you plan the best event for you, from Stampede … Read more
U.S. regulators have given Venture Global permission to proceed with construction of its CP2 LNG plant in Louisiana, a FERC document showed on Friday.The decision follows a final environmental study that shows the 28 million metric tons per annum plant is in the public interest. (Reporting by Curtis Williams in Houston; Editing by Chris Reese)
Summary Higher tariffs could hit oil demand growth, analysts say Brent and WTI down more than 2% this week Market braces for another OPEC+ output increase in July (Reuters) – Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear … Read more
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row, bringing the count to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future … Read more
Tim Hodgson gets loud applause at sold-out event in downtown Calgary Kyle Bakx · CBC News The new federal energy minister delivered a boisterous speech in support of the country’s energy sector on Friday morning, while highlighting his past involvement in the sector and the urgent need to build a variety of new energy projects. Tim Hodgson … Read more
WHEN Wednesday, June 18: 10:00am – 7:00 pm Thursday, June 19: 10:00am – 4:00 pm WHERE Bonnyville Centennial Centre 4315 – 50 Ave, Unit 1003 Bonnyville, AB T9N 0B4 ABOUT The Bonnyville Oil & Gas Show (BOAGS) is an opportunity to unite industry professionals in a unique environment that encourages maximum networking potential. We have … Read more
(Reuters) – TotalEnergies has the option to increase its 5% stake in Canada’s Ksi Lisims liquefied natural gas (LNG) project, chairman and CEO Patrick Pouyanne told the company’s annual shareholder meeting. Pouyanne declined to specify by how much Total could increase its stake in Ksi Lisims LNG, although he noted at the AGM that TotalEnergies … Read more
By Ewa Krukowska, Alberto Nardelli, and Anna Shiryaevskaya A gas receiving compressor station for the Nord Stream 2 pipeline in Lubmin, Germany. Photographer: Krisztian Bocsi/Bloomberg The European Union is nearing a decision to include the Nord Stream 2 gas pipelines linking Germany and Russia in a fresh proposal of sanctions against Moscow amid persistent rumors … Read more
While production is set to stop by the end of next month, efforts to identify a purchaser for the plant remain ongoing Northvolt AB will stop making cells at its last remaining factory in northern Sweden at the end of June, marking the demise of what was once Europe’s best hope of a homegrown battery … Read more
Organizers see big boost in registrations, exhibition, and conference over previous years Calgary, AB (May 22, 2025) – The Global Energy Show Canada (GESC), presented by dmg events, is taking place June 10-12, and it’s shaping up to be the most important and transformative edition to date. Recognized as Canada’s annual national energy event, a strong … Read more
The New Brunswick government has announced a three-person team who will lead a review of the province’s debt-laden public power utility.
The members are Michael Bernstein, who has worked in the Canadian power and utilities sector; Anne E. Bertrand, th…
A project to transport LNG from Western Canada to Quebec’s Saguenay region was cancelled in 2021 due to environmental risks and public opposition MONTREAL — Reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable, a shareholder advocacy group says, as economic threats from the U.S. rekindle interest … Read more
CALGARY, AB, May 23, 2025 /CNW/ – Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets (the “Assets”) for cash proceeds of $415 million (the “Transaction”). Net proceeds from the Transaction will be directed towards debt repayment to accelerate deleveraging … Read more
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects. Cederic Cremers, Shell’s executive vice president for LNG, told Reuters that Indonesia, Malaysia, and Algeria are likely to … Read more
CALGARY, AB, May 23, 2025 / CNW / — Canadian Resource Roadways (CRR), a leader in resource infrastructure ownership and operations, is pleased to announce it has concluded a definitive agreement to acquire a 24 km section of the East Exit Road, together with ancillary existing roadways in Alberta’s Clearwater region. The transaction, involving Sequoia Resources … Read more
‘We need to stop speaking in riddles and be more blunt,’ says Alberta Premier Danielle Smith to the Carney Liberal government, as she pushes them to fast-track a pipeline to Prince Rupert, B.C. This Articles and More Articles by Rick Bell Here “We need to stop speaking in riddles and be more blunt — Canada … Read more
Summary Energy, Interior secretaries to host June 2 event in Alaska Officials from Taiwan, South Korea, Japan invited Trump pushing allies to invest in long-delayed project (Reuters) – The U.S. has invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, two people familiar with the planning … Read more
France’s TotalEnergies has agreed to purchase LNG from Ksi Lisims for 20 years once the facility is built. By Resource Works More News and Views From Resource Works Here The Nisga’a Nation’s planned Ksi Lisims LNG project has been given a key push forward by France’s TotalEnergies, which has agreed to buy LNG from the … Read more
Summary Trump administration offers encouragement for pipeline builds Some large energy projects commissioned since November Pressure remains on greenfield growth from low oil prices, tariffs Many firms find buying pipeline assets a more economical way to grow NEW YORK, May 23 (Reuters) – President Donald Trump’s pro-energy policies were meant to speed the construction of … Read more
Summary Brent, WTI down 2% on the week Market braces for another OPEC+ output hike in July Iranian nuclear deal talks in focus, fifth round on Friday (Reuters) – Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by rising expectations … Read more
Canada’s Finance Minister François-Philippe Champagne said on Thursday that the discussions on tariffs did come up during a G7 finance leaders’ meeting, even though there was mention of them in the final communique that was published. “They are not skating around the fact that tariffs are an issue,” Champagne, who is also the chair of … Read more
Vermilion Energy Inc. has signed a deal to sell a group of assets in Saskatchewan and Manitoba for $415 million.
The company says it will use the net proceeds from the sale to repay debt.
Vermilion says the assets being sold produce about 10,500 barre…
By: Elmira Aliakbari and Julio Mejía Exporting Canadian LNG to the World: A Practical Solution for Reducing GHG Emissions Coal, a major source of greenhouse gas (GHG) emissions, remains a leading energy source in many Asian countries, especially China and India. Some European countries have also turned back to coal as sanctions on Russian energy … Read more
What does the future hold if Canada can become an energy superpower? By Geoff Russ By Resource Works More News and Views From Resource Works Here For the past 40 years, the fortunes of countless Canadian communities have risen and fallen with the strength of our energy sector. Oil booms in Alberta generated enormous prosperity and created … Read more
Canada’s western premiers say they’ve agreed to identify, plan and develop new economic corridors to connect provincial resources to international markets.
A joint statement issued Thursday says doing so would boost Canada’s market access in Asia and …
(Reuters) – A European official said the United States was “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During the G7 finance ministers meeting, the official … Read more
By Andres Gonzalez BP hired Goldman Sachs to sell Castrol, sources say BP is under investor pressure, sources say BP has tapped potential private equity, strategic investors, sources say Company is working on more divestments, partial sale renewables LONDON, May 22(Reuters) – BP (BP.L) has kicked off the sale of its more than a century-old … Read more
Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production By Kevin Crowley and David Wethe Produced water gushes out of the ground a geyser in Toyah, Texas, on Wednesday, Oct. 2, 2024 in Toyah, Texas. Photographer: Elizabeth Conley/Houston Chronicle/ Getty Images Texas regulators are warning that wastewater from fracking … Read more
By Arno Schuetze Deutsche Bank AG won’t move ahead with a plan to add restrictions on financing oil and gas, as it assesses the legal risks of doing so, according to its chief executive. “The legal environment has changed, and we are currently analysing this in detail in order to minimise potential risks for the … Read more
CALGARY, AB, May 22, 2025 /PRNewswire/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) intends to file a certification with the U.S. Securities and Exchange Commission (the “SEC”) today in order to terminate the registration, and its reporting obligations, in respect of its common shares under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). … Read more
Vancouver, British Columbia–(Newsfile Corp. – May 22, 2025) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) provides its financial and operating results for the first quarter ended March 31, 2025, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update. Q1 2025 Highlights Attained record quarterly production of 3,833 … Read more
VANCOUVER, BC, May 22, 2025 /CNW/ – Canada could help significantly reduce global greenhouse gas emissions by increasing natural gas production and exporting the additional supply to Asia in the form of liquefied natural gas (LNG), according to a new study from the Fraser Institute, an independent, non-partisan Canadian public policy think tank. “As countries … Read more
OTTAWA — Prime Minister Mark Carney laid out a handful of collective core priorities for his new ministers on Wednesday, vowing his government will work to bring down the cost of living and reconfigure some of Canada’s most important international relationships. (See the Mandate Letter Below) Carney released just one single mandate letter publicly for … Read more
Summary Venture Global could top Cheniere to become largest US LNG company Producing at higher rates than initially expected Plans to sell additional volumes on long-term contracts (Reuters) – Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and … Read more
Summary OPEC in pursuit of market share, says Onyx analyst A 411,000 bpd increase likely, RBC Capital analyst says U.S. crude inventories rise unexpectedly (Reuters) – Oil prices fell more than 1% on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. … Read more
By Kenneth P. Green Prime Minister Carney recently unveiled his new cabinet, and he made some changes in some key policy areas including Energy and Natural Resources, Environment and Climate Change, and Transport and Internal Trade. What do these cabinet picks tell us about the potential policy focus of Carney’s government moving forward? At the helm … Read more
A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable.
Investors for Paris Compliance says demand for LNG in Europe dropped by 18 per cent between 2022 and…
By Akshat Rathi and Coco Liu Founded in 2009, Climeworks constructed a pilot plant in Iceland in 2021 followed by a larger version that began operations in 2024 and is still being built out. Photographer: Heida Helgadottir/Bloomberg Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning … Read more
May 21 (Reuters) – A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday. WHY IT’S IMPORTANT The resources identified by the U.S. Geological Survey in what is known as the Mowry Composite Total Petroleum System could … Read more
(Reuters) – If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. Trump’s trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt … Read more
By Jim Warren The political dust-up between the leavers and the stayers is about to commence. The petition calling for an Alberta referendum on separation will get the required signatures. And, the Moe government in Saskatchewan may yet decide to do something similar. And, there is a good chance the federal Liberals and their allies … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
May 21, 2025 10:24 PM EDT | Source: Tuktu Resources Ltd. Calgary, Alberta–(Newsfile Corp. – May 21, 2025) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce its financial and operating results for the three months ended March 31, 2025, as well as an operations update. Selected financial and operating information should be … Read more
CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”) Financing Update Prospera Energy is pleased to announce it has secured commitments for $3 million, with a substantial portion coming from company insiders through the recently announced convertible debenture and existing financing instruments. The funding is specifically earmarked … Read more
Bakersfield, CA, May 21, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today is pleased to announce that it has closed on the balance of certain petroleum and natural gas properties held by Novacor Exploration Ltd. (“Novacor”). More specifically, TPET closed on the … Read more
(Reuters) – Producers are pushing ahead with liquefied natural gas projects, banking on urbanisation and the technology sector to drive global power demand and outweigh such challenges as potential oversupply, rising project costs, and tariff uncertainty. LNG is widely seen as a transition fuel on the path to net-zero emissions. Governments worldwide are also prioritising … Read more
(Reuters) – Iraq’s oil minister said that the federal government has reservations about energy agreements signed by the semi-autonomous Kurdistan region, after Iraqi Kurdish Prime Minister Masrour Barzani oversaw the signing of two deals with U.S. companies worth a combined $110 billion over their lifetimes. “Agreements and contracts like this should be signed by the … Read more
China has been the driving force in the global gas market for much of the past decade. Photographer: Dimas Ardian/Bloomberg Global gas giants are betting the current lull in Chinese demand is temporary, and that the country will underpin their multibillion-dollar investments for years to come. China’s gas imports have fallen in 2025, a decline … Read more
Tesla shares jumped after Musk’s comments about his commitment to staying CEO, trading up as much as 3.6 per cent Bloomberg News Elon Musk said he’s committed to still leading Tesla Inc. in five years and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company. During a remote appearance Tuesday … Read more
Companies in the energy sector are facing many challenges — from historically low natural gas prices to higher inflation driving up input costs. You may be wondering how all this volatility will impact the value of your company, and it is important to understand: How the current energy market impacts valuation When you would need … Read more
Summary Cheap LFP batteries drive rapid energy storage growth Storage demand for grid transitions expanding exponentially Trend likely to accelerate pivot away from nickel and cobalt (Reuters) – When Fidra Energy acquired a 55-acre (22-hectare) patch of northern England countryside in 2023, its plan to transform it into a 1.45 gigawatt energy storage facility – … Read more
Summary Previous OPEC+ attempts to slow shale oil failed US firms run out of easy fields, costs rise (Reuters) – Behind OPEC+’s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale production to win back market share from the United States. … Read more
Summary US intelligence suggests Israel plans to strike Iran, CNN says US-Iran nuclear talks show little progress (Reuters) – Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities raised fears of a supply disruption in the Middle East. Brent futures rose 79 cents, or … Read more
(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants and energy utilities are incentivized to pad projections for how many of these facilities need … Read more
From coast to coast, other Canadian provinces are embracing nuclear power for a cleaner future. Why not BC too? Geoff Russ By Resource Works More News and Views From Resource Works Here Ontario has lit the fuse on Canada’s nuclear renaissance. Shovels will soon hit the ground as Ontario builds Canada’s small modular reactor (SMR) … Read more
By: Tegan Hill Following last month’s Liberal election victory, and after a decade of damaging federal policies by the Trudeau government, some Albertans are calling for a referendum on separation. While Premier Danielle Smith said she does not support separation she “will honour” the referendum process. And according to a recent poll, more than one-third of Albertans are open to … Read more
By Jake Fuss and Grady Munro Some analysts compare Canada’s fiscal health with other countries in the Group of Seven (G7) to downplay concerns with how Canadian governments run their finances. And while it’s true that Canada’s finances aren’t as bad some other countries, the data show Canada’s finances are deteriorating fastest in the G7, … Read more
Ukrainian Foreign Minister Andriy Sybiha called on Tuesday for the Group of Seven advanced economies to reduce its price cap on Russian seaborne oil to $30 per barrel. The current G7 price cap is $60 per barrel. “The oil price cap, from our point of view, our position, (the) reasonable price cap (is) 30 dollars,” … Read more
(Reuters) – Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while others curb their appetite for takeovers due to weak oil prices and trade … Read more
(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures for July slipped 7 cents, or 0.1%, to $64.75 a barrel by 0947 GMT. June U.S. West Texas Intermediate crude futures , which … Read more
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained … Read more
Don Braid, Calgary Herald See More Stories From Don Braid Here Premier Danielle Smith raises hell with Ottawa over provincial grievances, to the joy of many Albertans and the discomfort of others. Here’s one mammoth, nation-wrecking gripe: Quebec has received $129.9 billion in equalization payments in the past 10 years. Even Ontario receives $576 million … Read more
Goldman Sachs said on Sunday it is retaining a cautious outlook on oil prices, as pressure from likely elevated Iranian supply and higher OECD commercial inventories will offset support from stronger global GDP growth. “We are maintaining our Brent/WTI oil price forecasts of $60/56 ($4 below the forwards) for the remainder of 2025 and $56/52 … Read more
By Grady Munro and Jake Fuss The Deterioration of Canada’s Finances Internationally In recent years, governments in Canada greatly expanded their role in the overall economy through more debt-financed spending. However, a larger government and rising debt burden impose costs on Canadians and the economy. While past research studied the extent to which the size … Read more
Canadian motorists were paying less at the pump in April after the Liberals nixed the consumer carbon price — a move economists expect will help keep inflation around the Bank of Canada’s two per cent target as tariff woes percolate.
Statistics Canada…
By: Joseph Fournier While Trump’s trade war continues to grab all the headlines, Canada’s electric vehicle (EV) industry may be steaming toward an iceberg, due mainly to shifts in policy south of the border. Specifically, the Trump administration has withdrew from the Paris Agreement (and its net-zero 2050 framework) and eliminated the U.S. EV mandate, which … Read more
British Columbia’s power utility is facing transformational challenges of drought, rising costs and a trade war with the United States as it works to meet electricity demand that’s surging after two decades of relative stability.
An expected demand in…
‘The project I’ve been looking at is a revival of the Northern Gateway project to the port of Prince Rupert,’ says Premier Danielle Smith Author of the article: By See Stories From Rick Bell Here What does Alberta Premier Danielle Smith want? What does Smith want right now? What does she want from Prime Minister Mark … Read more
French energy group TotalEnergies said in a statement on Monday it had signed an agreement with Ksi Lisims LNG for the purchase of 2 million tons per year of LNG for 20 years from a future liquefaction plant, subject to the final investment decision of the project. TotalEnergies said that was also acquiring a 5% stake in … Read more
Compass Bending has been serving Western Canada’s energy sector and other manufacturing business for over 20 years. When you partner with us, you are choosing: ✅ Transparent communication ✅ An experienced, highly motivated team ✅ Client-focused service ✅ Compliance with regulatory standards ✅ Quick delivery times Are you ready to work with the experts in … Read more
The European Union will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said. “This is something which we flagged from the Commission’s side in the context of the 18th … Read more
By Alex Lawler Summary Companies US credit rating cut by Moody’s China’s retail sales disappoint Iran-US nuclear talks in focus LONDON, May 19 (Reuters) – Oil slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed slowing growth in China’s industrial output and retail sales. Both developments raised concerns … Read more
In the dynamic landscape of Canada’s energy sector, operational efficiency and safety are paramount. The One Series electronic switch by United Electric Controls (UE) offers a transformative solution for facilities aiming to enhance reliability and reduce maintenance overhead. Why the One Series Stands Out: Seamless Integration: Utilizes existing two-wire setups, eliminating the need for additional … Read more
By Christine Dobby No budget this year, says Finance Minister François-Philippe Champagne. Photographer: Patrick Doyle/Reuters Budget Delayed, Budget Denied? Prime Minister Mark Carney unveiled his new cabinet on Tuesday, a day of pageantry, fist bumps and air kisses at Rideau Hall. The next day, it was time for one of his government’s first official moves, … Read more
Speedskater Arne Dankers helped develop Hifi’s fibre optic monitoring on the Trans Mountain expansion Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s Arne Dankers races during the Winter Olympics men’s 1,500 meter speedskating competition at the Oval Lingotto in Turin, Italy, Tuesday, Feb. 21, 2006. AP Photo … Read more
Summary Brent, WTI rise after more than 2% drop in previous session Brent and WTI post second straight weekly gains Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next (Reuters) – Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, … Read more
By Kenneth P. Green Prime Minister Mark Carney recently unveiled his new cabinet. And there’s quite a lot of work to do. Before his election victory, the prime minister exorcised a widely-despised element of Canada’s climate policy, the “consumer” carbon tax, which was imposed directly on Canadians for their consumption of energy (electricity, heating fuel, gasoline). At … Read more
Strathcona Resources Ltd. is making a takeover stock-and-cash offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion. The offer comes after Strathcona, which already owns about a 9.2 per cent stake in MEG, says it sent a takeover offer to the MEG board of directors in April, but was … Read more
Summary US seeks to triple LNG export capacity by 2030 Trump’s 25% steel, aluminum tariffs boost construction costs Cheniere, Venture Global among those seen approving new plants HOUSTON, May 16 (Reuters) – Woodside Energy’s decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping … Read more
The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator’s approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue.
“I think they finally woke up. I think they fin…
William Lacey If there is one thing you can say about Adam Waterous it is that he doesn’t let the moss grow under his feet. No sooner had he announced that Strathcona had sold $2.8 billion in natural gas assets, then we wake up and see that Strathcona had made an unsolicited offer for MEG … Read more
Oil shipper South Bow Corp. is lowering the upper end of its 2025 earnings forecast due to market uncertainty and ongoing pressure restrictions on its Keystone pipeline.
A segment of the Alberta-to-Texas system ruptured and spilled crude onto North Da…
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid April, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future … Read more
The firm has already shut down its bus manufacturing plant in Illinois and its battery pack assembly plant in Mirabel By Mathieu Dion An electric school bus passes by the Lion Electric battery manufacturing plant for medium and heavy vehicles in Mirabel, Que. on April 17, 2023. Photo by THE CANADIAN PRESS/Graham Hughes An investor … Read more
By Tegan Hill In February, at the dawn of President Trump’s tariff war, Premier David Eby vowed to cut red tape for resource and energy projects in British Columbia to “break down barriers to growth.” But while B.C. desperately needs regulatory reform, the Eby government instead proposed legislation on May 1 that would give Eby’s cabinet more … Read more
CALGARY, AB, May 15, 2025 /PRNewswire/ – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) today reported its first quarter 2025 financial and operational results and disclosed an investment in MEG Energy Corp. The Board of Directors also declared a quarterly dividend of $0.30 per share Q1 2025 Highlights Production of 194,609 boe/d (70% oil and condensate, 76% liquids)(1) … Read more
Shareholders Advised to Take No Action CALGARY, AB, May 16, 2025 /CNW/ – MEG Energy Corp. (“MEG” or the “Corporation”) (TSX: MEG) acknowledges the announcement by Strathcona Resources Ltd. (“Strathcona”) that Strathcona intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG not already owned by Strathcona or its affiliates. The MEG Board of Directors (the … Read more
Summary Brent, WTI rise after more than 2% drop in previous session Both post second weekly gain in a row Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next (Reuters) – Oil prices edged up on Friday, heading for a second consecutive weekly gain on easing U.S.-China trade … Read more
Crude pipeline operator South Bow Corp. has reported a drop in quarterly profits and revenues.
The Calgary-based company says net income for the first three months of 2025 was $88 million, down from $112 million a year earlier, before it spun off fro…
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) widened on Thursday. WCS for June delivery in Hardisty, Alberta, settled at $9.25 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at $9.15 under the U.S. benchmark on Wednesday. * Canadian … Read more
By Jake Fuss and Grady Munro On Tuesday in Ottawa, Prime Minister Mark Carney unveiled his new cabinet, consisting of 28 ministers and 10 secretaries of state. They have their work cut out for them. In addition to President Trump’s trade war, the Carney government must tackle several other critical issues that have persisted since … Read more
The May long weekend is when gasoline prices tend to start levelling off ahead of the high-demand summer driving season.
But one thing may throw a wrench in long-held expectations about gas price behaviour this year, said Roger McKnight, chief petrol…
The Alberta Energy Regulator approved on Thursday a controversial coal exploration project on the eastern slopes of the Rocky Mountains.
Northback Holdings Corp.’s project at Grassy Mountain was rejected in 2021, when a panel ruled likely environmenta…
Engagement and consent from Indigenous leaders is essential to fast-tracking new projects in BC. By Resource Works More News and Views From Resource Works Here BC Premier David Eby says Bill 15, to fast-track infrastructure and natural-resource projects, is going ahead — despite opposition from Indigenous groups and Green Party MLAs. “It’s a critical bill … Read more
By Robert Harvey and Enes Tunagur Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of year Expects lower oil prices to hit US shale oil output growth Revises up 2025 total demand forecast LONDON, May 15 (Reuters) – World oil supply will rise more … Read more
36 First Nations to Invest in a 12.5% Ownership Stake in Enbridge’s Westcoast natural gas pipeline system Toronto, Ontario–(Newsfile Corp. – May 15, 2025) – Canada Development Investment Corporation (CDEV), through its subsidiary, Canada Indigenous Loan Guarantee Corporation (CILGC), is proud to announce the provision of a loan guarantee in connection with a landmark transaction … Read more
(Reuters) – Canada’s Enbridge said on Thursday that Stonlasec8 Indigenous Alliance will buy a 12.5% stake in the pipeline operator’s Westcoast system for C$715 million ($511.19 million), as Indigenous communities look to own stake in energy firms. The pipeline system stretches over 2,900 kilometers from northeast British Columbia (B.C.) and the B.C.-Alberta border to the … Read more
By Jason Clemens and Tegan Hill Prime Minister Carney unveiled his new cabinet and did post-announcement media but failed to provide the clarity about his government’s actual views on resource development, particularly oil and natural gas. This uncertainty continues to impede private-sector investment, which our country badly needs. Uncertainty is an investment killer because it makes it almost impossible for … Read more
By William Lacey First, it’s good to see Steven Guilbeault spout off his lies and misinformation, all the while knowing that he has assumed the role of Minister of Canadian Identity and Culture, a place where he will also have control over what can (and cannot) be said on the internet. Yesterday, the Minister of … Read more
‘He’s a really bright guy, he’s a great communicator and he certainly understands the industry … oil and gas, but also hydro and the electricity side’ By Chris Varcoe Original: calgaryherald.com/opinion/columnists/varcoe-resources-minister-tim-hodgson-good-choice-alberta-oilpatch-provincial-energy Canada’s new Natural Resources minister, Tim Hodgson, has plenty of experience that the country’s energy sector — and the Alberta government — will welcome. … Read more
CALGARY, AB, May 15, 2025 /CNW/ – Highwood Asset Management Ltd. (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce financial and operating results for the three months ended March 31, 2025. The Company also announces that its unaudited financial statements and associated Management’s Discussion and Analysis (“MD&A“) for the period ended March 31, 2025, are available on Highwood’s website … Read more
CALGARY, AB, May 15, 2025 /CNW/ – Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2025, and amendments to its credit facilities, including an increase in total credit capacity to $150.0 million. Additionally, the Company is pleased to provide an operations update with strong … Read more
36 First Nations to Invest in a 12.5% Ownership Stake in Enbridge’s Westcoast natural gas pipeline system Toronto, Ontario–(Newsfile Corp. – May 15, 2025) – Canada Development Investment Corporation (CDEV), through its subsidiary, Canada Indigenous Loan Guarantee Corporation (CILGC), is proud to announce the provision of a loan guarantee in connection with a landmark transaction to … Read more
The Company Achieves Record Production, Completes Balance Sheet Refinancing, Announces an Increase to First Lien Revolving Credit Facility and Subsequent to Quarter End Delivers its Highest Rate Charlie Lake Wells to Date CALGARY, AB, May 15, 2025 /CNW/ – Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its financial and operating results for the … Read more
Summary OPEC+ strategy helps lower oil prices at time of concerns over tariffs Trump reaffirms US ties with Saudi in lavish visit to kingdom Saudi oil exports to the US have declined in recent decades Summary OPEC+ strategy helps lower oil prices at time of concerns over tariffs Trump reaffirms US ties with Saudi in … Read more
Summary IEA adjusts 2025 global demand growth forecast higher by 20,000 bpd IEA hiked 2025 global supply growth forecast by 380,000 bpd IEA sees lower oil prices hitting U.S. shale oil output growth IEA sees global demand growing slower for rest of this year (Reuters) – The International Energy Agency (IEA) said on Thursday that … Read more
Summary Trump says US close to securing Iran nuclear deal US crude stockpiles rose last week IEA slightly upgrades 2025 oil demand growth forecast (Reuters) – Oil prices fell by about $2 on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil … Read more
CALGARY, AB, May 14, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the “Assets”) from Strathcona Resources Ltd. in an all-cash transaction valued at approximately $1.6 billion(1) (the “Transaction”). The Transaction has an effective date of April 1, … Read more
CALGARY, Alberta–(BUSINESS WIRE)–STEP Energy Services Ltd. (the “Company” or “STEP”) (TSX: STEP) is pleased to announce its financial and operating results for the three months ended March 31, 2025. The following Press Release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and the unaudited condensed consolidated financial statements and notes thereto … Read more
B.C. Premier David Eby said a trade mission to Asia next month will help the province become the “engine of a new Canada,” but an economist says B.C. also needs to take steps at home to become more competitive.
Eby will be visiting Japan, South Korea …
(Reuters) – The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Wednesday. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, flat on Tuesday’s close. Canadian heavy crude has been trading at … Read more
Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.
The oilfield services company says the increase in revenue came from higher prices and acti…
By Douglas Cumming Capital Gains Tax Rollovers in Canada Capital gains taxes are normally levied at a lower rate than income taxes to give investors and entrepreneurs incentives to undertake risky actions that could generate higher incomes and raise overall economic growth. Many economies around the world, including Australia and the United States, allow rollover … Read more
Canadian Culture Minister Steven Guilbeault said Wednesday Canada needs to maximize its use of existing pipelines before building more — a day after Prime Minister Mark Carney indicated an openness to new pipeline construction.
Speaking to reporters a…
CALGARY, AB, May 15, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced an agreement whereby the Stonlasec8 Indigenous Alliance Limited Partnership (the “First Nations Partnership”), which currently represents 36 First Nations in B.C., will make an investment of approximately CAD$715 million in Enbridge’s Westcoast natural gas pipeline system, resulting in the First Nations Partnership … Read more
CALGARY, AB, May 14, 2025 /CNW/ – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) is pleased to announce that it has entered into definitive agreements to sell substantially all of its Montney assets for approximately $2.84 billion, pursuant to three separate transactions: The sale of its Kakwa asset (the “Kakwa Sale”) to ARC Resources Ltd. for approximately $1,695 … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
Calgary, Alberta–(Newsfile Corp. – May 14, 2025) – Lotus Creek Exploration Inc. (“Lotus Creek” or the “Company”) (TSXV: LTC) is pleased to provide the following first quarter operating results to shareholders. Lotus Creek’s Interim Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended March 31, 2025 are available for review … Read more
CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2025 financial and operational results. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “We are pleased to report strong operational and financial results for the first quarter of 2025, driven by our continued … Read more
(Reuters) – Saudi Aramco unveiled 34 preliminary deals with major U.S. companies on Wednesday, potentially worth up to $90 billion in one of its broadest pushes to deepen commercial ties with the United States. The agreements underscore Saudi Arabia’s efforts to strengthen its energy partnerships and attract foreign investment as it looks to balance oil … Read more
Nothing suggests that a repetition of 2020’s plunge is imminent. By Javier Blas Prospecting. Photographer: Jordan Vonderhaar/Bloomberg The chain-smoking protagonist of Landman, the American television drama series about the Texas oil industry, puts it better than anyone else: “You want oil to live above 60, but below 90,” says the fictional Tommy Norris. “Seventy-eight dollars … Read more
Summary • API data shows stock build last week • Demand-side pessimism eases, though caution lingers • U.S. EIA weekly inventory report due today (Reuters) – Oil prices fell on Wednesday as traders eyed a potential jump in U.S. crude inventories, while OPEC lowered its oil supply growth forecast for producers outside OPEC+. Brent crude … Read more
CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce strong production results from its three-well Basal Quartz (“BQ”) horizontal drilling program in the Michichi area of Central Alberta during the first quarter of 2025. The Company also announces financial and operating results for the first … Read more
CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto” or the “Company”) is pleased to report operating and financial results for the first quarter of 2025. Q1 2025 Highlights: Peyto reported $225.2 million in funds from operations1,2 (“FFO”), or $1.12/diluted share, and generated $120.2 million of free funds flow3 in the quarter. Strong … Read more
CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2025. First Quarter 2025 Highlights $91 million in revenue; $68 million in funds from operations ($0.42/share) (1)(3); $44 million in dividends paid ($0.27/share)(2); 10,635 bbls/d of total liquids production, an 8% increase … Read more
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) widened on Tuesday. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at $9.10 under the U.S. benchmark on Monday. * Canadian heavy … Read more
The Trump administration will shrink the time it takes to review potential land parcels on federal lands for oil and gas development by about half, to six months, the Interior Department said on Tuesday. WHY IT’S IMPORTANT The move to streamline the oil and gas leasing process aligns with President Donald Trump’s energy dominance agenda, … Read more
Today’s swearing-in of Prime Minister Carney’s Cabinet signals the start of a new chapter in Ottawa that will be judged by action and results, not rhetoric. During the recent federal election campaign, Prime Minister Carney promised a new tone and direction for Canada’s natural resource development. He promised Canadians he would make Canada an ‘energy … Read more
April marked a major milestone for Kathairos Solutions as we hit our third anniversary! What began as a bold idea to rethink methane mitigation has grown into a solution that’s reshaping the landscape of environmental technology in the oil and gas industry. Today, we’re proud to share a video that reflects not just where we … Read more
Ontario’s electricity is now being produced with the highest percentage of greenhouse-gas-emitting power since coal plants were operating in the province.
The Independent Electricity System Operator recently posted its 2024 year in review, which conta…
Mark Carney, Canada’s prime minister, arrives for a swearing-in ceremony at Rideau Hall in Ottawa, Ontario, Canada, on Tuesday, May 13, 2025.Photographer: David Kawai/Bloomberg Canadian Prime Minister Mark Carney has unveiled his new economic team, including François-Philippe Champagne as finance minister and Timothy Hodgson as energy and mining minister. The team will focus on carrying … Read more
Alberta Premier Danielle Smith’s chief of staff is sounding the alarm over Prime Minister Mark Carney’s pick to head up the government’s environment portfolio.
Rob Anderson says when it comes to new Environment and Climate Change Minister Julie Dabrus…
Bloomberg Prime Minister Mark Carney will consider altering environmental regulations to facilitate investment in major projects in Canada, including oil and gas pipelines. Carney’s plan involves using domestic oil and gas production to displace imports, increasing exports, and playing a major role in nuclear and hydroelectricity, and possibly carbon capture and storage technology. Carney declined … Read more
Honda had announced plans for the Alliston, Ont., plant just over a year ago By Abby Hughes A year after the $15-billion electric vehicle project in Ontario was announced, Honda Canada is pushing the project back. The company said Tuesday it would put the plan to build an EV supply chain — which included a … Read more
By Kalea Hall DETROIT, May 13 (Reuters) – General Motors (GM.N) and battery partner LG Energy Solution (373220.KS) are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium manganese-rich (LMR) chemistry, which GM says … Read more
(Reuters) – Canadian Prime Minister Mark Carney, who won an election last month promising to stand up to U.S. President Donald Trump, unveiled a new cabinet on Tuesday that he said would help define a new relationship with the United States. Carney cut the number of ministers to 29 from the 39 under former Prime … Read more
Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday. The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of … Read more
Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U. S. relations and amped-up resource nationalism.
The US$9.1-billion friendly deal announced last week is sub…
A Newfoundland and Labrador mayor says his region is in a transition period after an offshore oil project hit a major milestone.
Keith Pearson, mayor of Placentia, N.L., says hundreds of local workers are looking for their next job after helping build…
The move by the United States and China to reduce import tariffs on each other and negotiate has been broadly welcomed by markets, but the de-escalation will do very little to restore the trade in energy commodities. The truce between the world’s two largest economies will see the United States lower its tariffs on imports … Read more
CALGARY, AB, May 13, 2025 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce its first quarter 2025 financial and operating results and provide an update respecting its Sinclair Montney property. HIGHLIGHTS First quarter sales volumes averaged 54,409 Boe/d (45% liquids). (1) Sales volumes from the Central Alberta Region, which includes Willesden Green, averaged 7,929 Boe/d … Read more
Summary • Markets cautious on US-China tariff relief • Increasing OPEC+ supply weighs on prices • Fuel demand and refining margins stable (Reuters) – Oil prices rose on Tuesday but gains were capped by rising supplies and caution over whether the pause in the U.S.-China trade war will lead to a longer-term deal. Brent crude … Read more
The company shut down production at a plant in Illinois last year after undergoing several rounds of layoffs A group of investors has submitted a revised offer to buy Quebec vehicle-maker Lion Electric, providing a possible lifeline to the beleaguered company. The new offer comes after the Quebec government refused to inject more public money … Read more
Calgary, Alberta–(Newsfile Corp. – May 12, 2025) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its first quarter results for 2025. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited interim consolidated financial statements and related notes for the three … Read more
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Monday. WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, brokers said, flat on Friday’s close. * Canadian heavy crude has been trading at a tight … Read more
With American shale production set to decline due to economic pressures, Canada has a unique opportunity to expand its natural gas exports—but a call to action for infrastructure projects like the Sunrise Expansion Program will be key. By Resource Works More News and Views From Resource Works Here Once-plentiful U.S. shale gas, which has long … Read more
Haul trucks, shovels, pumps and pipes are common sights at Imperial Oil’s vast oilsands operations in northeastern Alberta, but so too are robots and drones, with generative artificial intelligence a newer addition to the technological mix.
“We’ve be…
Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province’s latest snowpack and water supply bulletin says.
The drought, in turn, is curtailing B.C.’…
The Canadian Taxpayers Federation is applauding Alberta Premier Danielle Smith’s decision to freeze the province’s industrial carbon tax. “Smith is right to freeze the cost of Alberta’s hidden industrial carbon tax that increases the cost of everything,” said Gage Haubrich, CTF Prairie Director. “This move is a no-brainer to make Alberta more competitive, save taxpayers money and … Read more
Climate activists and energy leaders say Prime Minister Mark Carney will need to make some hard choices on whether to bolster the country’s oil and gas sector as means of achieving economic stability.
Throughout the election campaign, Carney signalled…
Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.
Smith told reporters Monday the move is critical to keep industry competitive and defend jobs as Canada nav…
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part … Read more
The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta’s government opening the door to a separation referendum.
Alberta Premier Danielle Sm…
By Clyde Russell LAUNCESTON, Australia, May 12 (Reuters) – China’s imports of crude oil edged into positive territory for the first months of the year, but rather than a sign of improving fuel demand, the recovery is more about rising inventories. The world’s biggest crude importer recorded arrivals of 11.69 million barrels per day (bpd) … Read more
(Reuters) – The U.S. Department of Energy on Monday proposed to eliminate or change more than 40 regulations and programs to align them with President Donald Trump’s efforts to relax federal rules and gut diversity initiatives. The moves will save U.S. taxpayers $11 billion, the agency said in a statement, calling it the first step … Read more
Toronto, Ontario–(Newsfile Corp. – May 12, 2025) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company“) March 2025 oil production was a total of 3,249 barrels for the month, averaging 105 barrels per day. Oil prices averaged CDN$65 per barrel and Argo’s March oil revenue was $211,595 and … Read more
CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (formerly Pieridae Energy Limited) (“Cavvy” or the “Company”) (TSX:PEA) is pleased to announce that the Company has changed its name from Pieridae Energy Limited to Cavvy Energy Ltd., effective May 9, 2025. The Company first announced its intention to change its name on March 27, 2025 and … Read more
CALGARY, AB, May 12, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. (“Veren“) (TSX: VRN) (NYSE: VRN), creating the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada. Whitecap is now the largest Alberta Montney and Duvernay landholder and a prominent light … Read more
Summary • US and China agree to 90-day on pause on tariffs • Deal raises hopes of an end to trade war • Oil extends gains after 4% rise last week (Reuters) – Oil prices jumped by about 4% on Monday after the U.S. and China said they would ease some of their tariff measures, … Read more
Continued quarter over quarter increases in cash flow from operations in 2024; Q4 2024 operating cash flow of US$1.7 million1, equivalent to C$0.07/share2 on an annualized basis. Reduced debt principal by US$2.5 MM in 2024. Average oil production for Q1 2025 of 988 bbl/d3, a 3% increase from Q4 2024 production of 957 bbl/d3. Gas … Read more
Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue edged up.
The oilfield services company says its net income attributable to common shareholders amounted to $3.7 million or two cents pe…
BURNABY, BC, May 9, 2025 /CNW/ – Unifor is raising serious concerns about the sale of one of British Columbia’s last remaining oil refineries to American energy giant Sunoco. The refinery is part of a larger list of assets across Canada being sold from Parkland to Sunoco. “This is not the time to hand over control of critical energy infrastructure … Read more
With more than 50 years of experience, Edmonton Exchanger (EDEX) has earned a reputation as one of North America’s most reliable industrial fabrication and on-site maintenance partners. From pressure vessel components to field services, machining, heat exchanger solutions, pipe fabrication, and custom fabrication and repair of pressure-related components, EDEX offers comprehensive capabilities under one roof. … Read more
The Challenge: In thermal oil production, where daily volumes can exceed 200,000 barrels, precision and reliability are non-negotiable—especially when it comes to fuel gas injection systems. A major producer was using threaded rotameters at the wellhead to monitor gas flow. However, due to the presence of contaminated sour gas (H₂S), these devices frequently clogged, leading … Read more
Join us for an insightful webinar designed specifically for land management professionals, featuring our guest speaker Matt Kopycinski, Manager Land Services from EY. We’ll delve into the evolving landscape of land management. This session will provide valuable knowledge and practical advice to help you stay ahead in this dynamic field. Key Topics: Industry Trends Challenges … Read more
By Steven Globerman Despite the cordial nature of Prime Minister Mark Carney’s recent meeting with President Donald Trump, U.S. tariffs remain on Canadian exports of steel, aluminum, cars and other products. In fact, Trump not only made clear that he has no intention to rescind the tariffs, he also suggested that renegotiating the Canada-United States-Mexico Agreement (CUSMA) … Read more
Mark Carney’s history before officially being elected Prime Minister in April is marked by a significant career in finance and central banking, culminating in roles as Governor of the Bank of Canada and then the Bank of England. While these roles are ostensibly about monetary policy and financial stability, in recent years, particularly leading up … Read more
(Reuters) – Top U.S. oilfield service firms have signaled a challenging period ahead as a recent slide in oil prices pushes producers to temper their drilling activity and rethink their budgets. SLB, Halliburton, and Baker Hughes all flagged cautious customer spending in their first-quarter reports, citing a lack of visibility, especially in North America. Higher … Read more
Enbridge reported a first-quarter profit of $2.3 billion, up from $1.4 billion in the same quarter last year By Lauren Krugel Greg Ebel said he and fellow industry leaders have not had the chance to sit down with the new prime minister yet, but when they do, the most urgent issues will be the legislative … Read more
U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May … Read more
(Reuters) – With a frost covering Europe’s energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters. Europe slashed its imports of Russian gas following Moscow’s invasion of Ukraine in 2022, a … Read more
The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction.
Pembina …
Five things to watch for in the Canadian business world in the coming week:
HBC
Hudson’s Bay is expected to return to court Tuesday to seek permission to extend its creditor protection, currently in place until May 15, to July 31. It will also ask for…
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Friday. WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock. * Canadian heavy crude has been trading at a tight discount in … Read more
Heavy Industrial Traffic Damages Roadway In Cold Lake, Alberta, a project site experienced extremely heavy industrial traffic, with 1,200 to 1,500 40-kip axle loads daily. The project owner initially applied a 4-inch (10 cm) lift of cold mix over a prepared subgrade to address persistent maintenance challenges. The cold mix was intended to reduce dust … Read more
The project is set to transform Canada into an LNG exporter By Stephen Stapczynski, Anna Shiryaevskaya and Ruth Liao \ Shell Plc’s liquefied natural gas project in Canada, the country’s first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June. The facility is testing equipment ahead of … Read more
Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is slashing headcount by 10,000, or more than 4 per cent, part of a push to cull non-growth operations and boost profitability. The supplier of lithium-ion … Read more
Summary • All eyes on US-China trade talks in Switzerland after US-UK deal • Trump says 80% tariff on China ‘seems right’ • Rising Middle East tensions also support oil prices • OPEC oil output edged lower in April, Reuters survey finds (Reuters) – Oil prices settled nearly 2% higher on Friday and notched their … Read more
Calgary, Alberta–(Newsfile Corp. – May 9, 2025) – Blacksteel Energy Inc. (“Blacksteel” or the “Corporation“) is pleased to announce that further to its press release dated March 3, 2025 outlining the sale by the Corporation and its 100% subsidiary Drakkar Energy Ltd. (“Drakkar“) of all of its oil producing assets in the Girouxville Area to Perthro (Canada) Inc. (“Perthro“) … Read more
Mallare manages an all-female team of engineers helping keep operations smooth and safe By Cody Ciona Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Marjorie Mallare at Imperial Oil’s Strathcona refinery. Photo courtesy Marjorie Mallare As the utilities and hydroprocessing technical lead for Imperial Oil’s Strathcona Refinery near … Read more
The changes come after Tim Houston signalled his intent to increase the potential of the province’s natural resources The Nova Scotia government is accelerating the environmental review process for a number of clean energy projects to meet its climate goals and get off coal by 2030. Under changes announced Thursday, large biomass, biogas and clean … Read more
Benchmark natural gas prices have been low in Canada, but Tourmaline has sought buyers in markets beyond Alberta By Meghan Potkins Tourmaline Oil Corp. continues its relentless consolidation of land in the prolific Montney gas play in British Columbia, announcing two new acquisitions on Wednesday alongside its first-quarter results. The gas major said it is acquiring … Read more
(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not expected to materially impact its current operations. Canada is the leading supplier of imported oil to the United States, delivering about 4 million barrels per … Read more
(Reuters) – A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors. The court had set a of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors. The court had said … Read more
Summary • All eyes on May 10 US-China talks in Switzerland • OPEC April oil output edged lower, Reuters survey finds • China’s April exports exceed expectations (Reuters) – Oil prices rose more than 1% on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the United States showed … Read more
(Reuters) – The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) widened on Thursday. WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at $8.75 under the U.S. benchmark on Wednesday. Canadian … Read more
In the last five years, there has been speculation about hydrogen as an energy pathway for transition to a low-carbon world. Hydrogen as an energy pathway was always going to be a difficult route, due to physics. Molecular hydrogen (H₂) doesn’t naturally exist on earth in substantial quantities or purities. Some recently published hydrogen strategies … Read more
Referendum Reality? Half in Alberta & Saskatchewan call for vote on independence, but fewer would actually leave Concessions on emissions caps, Bill C-69, east-to-west pipelines sway many “leave” voters May 8, 2025 – The path for a referendum on separation in Alberta was laid out this week by Premier Danielle Smith, even though she has been … Read more
Despite years of protest, ballooning costs, and political hurdles, the federally funded TMX pipeline expansion has become a strategic economic success story for Canada. By Resource Works More News and Views From Resource Works Here The federally funded expansion of the Trans Mountain oil pipeline from Alberta to tidewater at Burnaby has been much attacked … Read more
By Jason Clemens and Niels Veldhuis In his recent White House meeting with Prime Minister Carney, President Trump continued to disrespect Canadians with what appears to be an obsession with Canada becoming the “51st state.” An entire series is needed to explain all the mistakes and nonsense contained in the president’s comments, but it’s important to recognize … Read more
Construction will create 18,000 Canadian jobs, add up to $500 million annually to Ontario’s economy and help secure clean, reliable energy CLARINGTON – With electricity demand in Ontario set to soar by at least 75 per cent by 2050, the Ontario government has approved Ontario Power Generation’s (OPG) plan to begin construction on the first … Read more
Quebec holds significant natural gas potential, estimated at approximately 22 trillion cubic feet of remaining marketable resources, but these valuable reserves are not being developed because the provincial government has imposed a ban on new oil and gas exploration and development, driven by political opposition and an anti-fossil fuel agenda that prioritizes “unimpacted nature” over … Read more
Calgary, Alberta–(Newsfile Corp. – May 8, 2025) – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) announces its financial results for the first quarter of 2025. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2025 and 2024 are posted on www.sedarplus.ca and on the Company’s … Read more
Calgary, Alberta–(Newsfile Corp. – May 8, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the first quarter ended March 31, 2025. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2025 First quarter 2025 production of 22,005 boe/d increased by 1% compared to the … Read more
CALGARY, AB, May 8, 2025 /CNW/ – CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU) (OTC: CESDF) is pleased to announce strong financial results for the three months ended March 31, 2025. The Company’s Board of Directors also approved a quarterly dividend of $0.0425 per share, which will be paid on July 15, 2025, to the shareholders of record at the … Read more
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); adjusted cash flow from operating activities; adjusted … Read more
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company“) (TSX: NVA) is pleased to announce strong financial and operating results for the three months ended March 31, 2025, and to provide an update on our operational performance. Our high-quality asset base continues to deliver strong returns across commodity price cycles, supported by … Read more
Pembina Pipeline Corp. has reported higher profits and revenues for the first quarter.
Earnings were $502 million for the three months ended March 31, up from $438 million during the same period of 2024.
That amounted to 80 cents per diluted share v…
By Canada Powered by Women At one table, a woman spoke about trying to manage a utility bill that had suddenly tripled while caring for an aging parent. At another, a participant questioned how regulatory uncertainty was eroding investor confidence. Nearby, a group discussed how regulation could affect long-term affordability, reliability and progress on emissions … Read more
The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump’s executive order, though the measure is unlikely to succeed in the Senate. The House voted 211-206 to change the name of the body of water … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Willow Biosciences Inc. (the “Company“) (TSX: WLLW) (OTCQB: CANSF) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the “Agreement“) with Mark Hodgson, Don Kornelsen, Ryan Giroux, Blair Anderson and Richard Naden (the “Initial Investors“) which provides for: (i) a non-brokered equity private placement for gross proceeds of $30.0 million (the “Private Placement“); (ii) the appointment of a … Read more
CALGARY, AB, May 8, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) has filed its consolidated financial statements and Management Discussion and Analysis (“MD&A”) for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Consolidated net loss attributable to shareholders was $31.8 million during the first quarter of 2025, compared to $11.3 million during the first … Read more
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended March 31, 2025, the declaration of its Q2 2025 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in … Read more
CALGARY, ALBERTA–(Newsfile Corp. – May 7, 2025) – Tenaz Energy Corp. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce financial and operating results for the three months ended March 31, 2025. The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) are available on SEDAR+ at www.sedarplus.ca and on Tenaz’s … Read more
By Alex Lawler LONDON, May 8 (Reuters) – OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya. The Organization of the Petroleum Exporting Countries … Read more
By Gavin Maguire LITTLETON, Colorado, May 8 (Reuters) – Clean energy sources generated the smallest amount of Germany’s electricity in over a decade so far in 2025, dealing a blow to the energy transition momentum of Europe’s largest economy. Electricity generation from clean power sources totalled just under 80 terawatt hours (TWh) during the first … Read more
Greg Abel holds about US$175 million worth of stock or about 18% of his US$1 billion net worth Warren Buffett’s appointed successor has built a billion-dollar fortune in his time at Berkshire Hathaway Inc. But unlike the legendary investor — or even his friends and early backers who became spectacularly wealthy over his six-decade run … Read more
By Julian Lee and Alex Longley When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By early May, they had plunged by nearly a quarter. That’s for two big reasons: Trump’s trade war is driving down economic … Read more
Shares in oil producer Cenovus Energy Inc. jumped almost 10 per cent Thursday after it reported quarterly profits that beat market expectations, upped its shareholder payout and sought to reassure investors it can withstand oil prices much weaker than…
Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it’s been trading over the past month.
West Texas Intermediate, a U.S. benchmark for light oil, has been hovering around the US$60-per-barrel mar…
Upstream and midstream operators strive for more accurate land asset analysis using overlapping manual and digital processes. This can require a considerable amount of time to manage the data. Poor data management directly affects your time management and operational costs. In fact, it’s commonly reported by land teams that many high-level staff are having to … Read more
Summary • Crude prices supported by impending US-China talks • Brent prices could drop to $50 if US-Iran deal occurs – Citi LONDON, May 8 (Reuters) – Oil prices rose over 1% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the United States and China, the world’s two largest oil … Read more
CALGARY, AB, May 8, 2025 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) announces its financial and operating results for the three months ended March 31, 2025 and an updated 2025 capital budget following the successful completion of the strategic acquisition of Cardium light oil focused assets (the “Acquired Assets“) in the Pembina area of Alberta (the “Acquisition“) … Read more
May 08, 2025 8:00 AM EDT | Source: Enterprise Group Inc. St. Albert, Alberta–(Newsfile Corp. – May 8, 2025) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”), a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and … Read more
If Shell acquires BP, it would create a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp., with upstream oil and gas production of nearly 5 million barrels of oil equivalent a day. Summary by Bloomberg AI The deal would give Shell dominance in LNG sales, with combined sales jumping … Read more
CALGARY, AB, May 7, 2025 /CNW/ – (TSX: RBY) – Rubellite Energy Corp. (“Rubellite” or the “Company”), is pleased to report its first quarter 2025 financial and operating results and provide an operations and guidance update. Select financial and operational information is outlined below and should be read in conjunction with Rubellite’s unaudited condensed consolidated interim financial statements and … Read more
CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results highlighted by strong operational execution driving robust return of capital with the full completion of its second annual share buyback program. The Company is in an enviable position to weather … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the first quarter of 2025, announce two acquisitions in the NEBC Montney and declare a special dividend. HIGHLIGHTS First quarter 2025 average production was 637,867 boepd, an 8% increase over first quarter 2024 and ahead … Read more
Calgary, Alberta–(Newsfile Corp. – May 8, 2025) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s Q1/25 results, “We have a long track record of being an industry leading effective and efficient producer while consistently delivering top tier operational and financial performance. All our employees are shareholders, with a strong … Read more
Calgary, Alberta–(Newsfile Corp. – May 8, 2025) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the first quarter ended March 31, 2025. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2025 … Read more
Canadian heavy crude pricing continues to show strength, as the discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) narrowed again on Wednesday. WCS for June delivery in Hardisty, Alberta, settled at $8.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at … Read more
Algoma Central Corporation SAINT JOHN, NB – Irving Oil and Algoma Central Corporation (“Algoma”) (TSX: ALC) recently welcomed the first of two new product tankers into Saint John Harbour. The vessels will service Canada’s largest refinery with deliveries to ports in Atlantic Canada and the U.S. East Coast. The vessels represent a total investment of $127 … Read more
Beyond the immediate imperative of managing relations with the U.S., the top priority for the Carney team must be creating the conditions for stronger economic growth at home. Under Justin Trudeau, the Liberal government was preoccupied with social policy, income redistribution, climate change and Indigenous reconciliation. By Jock Finlayson Prime Minister Mark Carney has some … Read more
Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province.
“We continue to focus on securing exclusivity with key …
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
by Jim Warren I think I might have been a tad too optimistic in my last column (Read it Here) about the potential for Mark Carney to embrace the oil, gas and pipeline sector’s Build Canada Now action plan. It would probably also be a stretch to think he will quickly come to his senses … Read more
Oilsands giant Suncor Energy Inc. has begun a three-month outage at one of its upgraders so it can begin to replace enormous components first installed almost six decades ago.
The Calgary-based company is in the midst of a multi-year project to repla…
“Ontario has the minerals the world needs.” By Maureen McCall The Ontario government’s April 2025 Speech from the Throne moved development of Northern Ontario’s mineral wealth forward with a designation of areas containing critical mineral deposits, including the Ring of Fire, as regions of strategic importance. It was an official response to U.S. President Trump’s tariff … Read more
Production Reactivation, Strong Cash Flow and Hedge Monetization Drive Lower Debt NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its first quarter 2025 financial and operating results. The Company produced 22,584 boe/d … Read more
CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2025. Q1 2025 HIGHLIGHTS: Capital Activity – Invested $17.3 million in capital during the quarter. Approximately 60% was directed toward the drilling, completing … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the first quarter of 2025, announce two acquisitions in the NEBC Montney and declare a special dividend. HIGHLIGHTS First quarter 2025 average production was 637,867 boepd, an 8% increase over first quarter 2024 and ahead … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce financial and operating results for the quarter ended March 31, 2025, as well as an update on Surge’s latest operational achievements. Select financial and operating information is outlined below and should be read in conjunction with the Company’s unaudited condensed … Read more
Production of 41,680 boe/d represents a new quarterly record for the Company Adjusted funds flow(1) totaled $131.1 million ($0.66/share) with free funds flow(1) of $57.8 million ($0.29/share) Net debt(1) reduced by $46.3 million, or 5%, over year-end 2024 US$15 million open market Senior Notes repurchase below par in April 2025 further improves leverage metrics Calgary, Alberta–(Newsfile Corp. – … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) (Kiwetinohk or the Company) today reported its first quarter 2025 results and updated annual guidance. As companion documents to this news release, please review the Company’s management discussion and analysis (MD&A) and condensed consolidated interim financial statements for the first quarter 2025 (available on kiwetinohk.com or www.sedarplus.ca) for additional details. … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2025. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2025 will be available on the … Read more
(Reuters) – The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed. The kingdom has in recent weeks pushed fellow OPEC+ members to produce more oil despite fears about an economic slowdown, a marked change in policy that helped oil … Read more
CALGARY, AB, May 7, 2025 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce its financial and operating results for the three months ended March 31, 2025. Selected financial and operating information should be read with Tamarack’s unaudited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March … Read more
Summary • CEO blames higher costs, interest rates and execution risks • Q1 core profit above forecasts • British government hopes to revive the project (Reuters) – Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow … Read more
Summary • U.S.-China to meet over the weekend • U.S. crude stocks seen falling 800,000 barrels in EIA report • API showed U.S. crude, gasoline stocks fell, sources say LONDON, May 7 (Reuters) – Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) continued its tightening trend on Tuesday, settling below $9 for the first time in approximately five years. WCS for June delivery in Hardisty, Alberta, settled at $8.95 a barrel under the U.S. benchmark WTI, according to … Read more
CALGARY, AB, May 6, 2025 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operational information is set out below and should be read in conjunction with Spartan’s unaudited interim financial statements and related management’s discussion and … Read more
Readers are advised to review the “Non-GAAP and Other Financial Measures” section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the “Forward-Looking Information” section in this press release for information regarding certain forward-looking information and forward-looking … Read more
Closed $320 million divestiture of Pembina assets on April 7, 2025, with cash proceeds used to reduce debt level Completed first quarter program with 26 (24.4 net) operated wells rig released and 19 (17.9 net) operated wells brought on production Responded to the market environment by reducing our first half capital program to $165 – … Read more
Oilsands giant Suncor Energy Inc. says said it had its strongest-ever first-quarter performance in its production, refining and refined product sales segments.
It says production was 853,000 barrels of oil per day, refining throughput was 483,000 per…
Oilsands producer MEG Energy Corp. says its first-quarter profits more than doubled from a year earlier.
Net earnings for the first three months of 2025 were $211 million, or 82 cents per diluted share, up from $98 million, or 36 cents per share, dur…
Western Engineered Containment – Leaders in Containment Solutions WATCH THIS SHORT VIDEO! PRIMARY CONTAINMENT Western Engineered Containment (WEC) can provide permanent large volume produced water storage (50,000m3) in above-ground API 650 storage vessels. For more information, please [email protected]. SECONDARY CONTAINMENT Western Engineered Containment (WEC) is the Oil & Gas Industries leader in Secondary Containment Solutions with … Read more
The BC government admits its CleanBC climate plan is off-track, sparking calls for more realistic and flexible approaches to emissions reduction and electric vehicle mandates. By Resource Works More News and Views From Resource Works Here When the BC government announced its CleanBC plan in December 2018, it proclaimed: “B.C. is rising to the challenge of climate … Read more
By John Ibbitson President Donald Trump threatens the Western alliance by eroding democracy at home, imposing tariffs abroad, and retreating from America’s role as global leader, steward and enforcer. Preserving the alliance in the face of this retreat is the greatest challenge Western countries face. Canada is uniquely positioned to meet that challenge. We could … Read more
Canada has a rare window to join the big leagues of LNG exporters – Qatar, Australia, and the United States are not waiting around, and neither should we. By Stewart Muir By Resource Works More News and Views From Resource Works Here I sometimes catch myself staring out over the waters of British Columbia’s coastline … Read more
My fellow Albertans Today, I wish to speak to you about the future of Alberta and Canada. Albertans have always been loyal, proud and generous Canadians. We love Canada. We have fought wars and died defending Canada. We have opened our doors wide for millions of our fellow Canadians searching for opportunity – many … Read more
By: Bjørn Lomborg At a time when public finances are strained, and Canada and the world are facing many problems and threats, we need to consider policy choices carefully. On climate, we should spend smartly to solve it effectively, making sure there is enough money left over for all the other challenges. A sensible response … Read more
Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million First quarter oil and condensate production was above the guidance range at 206 thousand barrels per day (“Mbbls/d”) Average … Read more
CALGARY, AB, May 6, 2025 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) reported its first quarter 2025 operational and financial results.1 “The work we’ve done over the past few years establishes a strong financial foundation and lays the groundwork for the next phase of production growth. MEG is in an enviable position to deliver substantial … Read more
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting … Read more
(Reuters) – Russia’s Vladimir Putin and China’s Xi Jinping will discuss the “most sensitive” issues, including energy cooperation and a proposed Power of Siberia 2 gas pipeline to China, Kremlin aide Yuri Ushakov said on Tuesday. Xi will start an official four-day visit to Moscow on Wednesday and will be among a number of the … Read more
CALGARY – Shareholders in oil and gas producer Veren Inc. have approved a $15-billion deal to join forces with Whitecap Resources Inc. Veren did not immediately provide a breakdown of how many votes were cast in favour of the deal during a virtual shareholder meeting that was completed in about five minutes. The Calgary-based companies … Read more
By John Ainger Oil pumping jacks near Almetyevsk, Russia. Photographer: Bloomberg The European Union gave its strongest signal yet that it’s serious about ending five decades of reliance on Russian energy, but a challenging geopolitical environment may derail its plans. The European Commission, the bloc’s executive branch, unveiled a roadmap to finally switch off the … Read more
Summary • Brent, WTI both up around 2% after hitting four-year lows in previous session • Rebound comes with some dip buying • Price gains unlikely to sustain under oversupply LONDON, May 6 (Reuters) – Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by … Read more
CALGARY, AB, May 6, 2025 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) is pleased to announce that it has entered into definitive agreements with Pembina Pipeline Corporation and certain of its affiliates (collectively, “Pembina”), through a wholly owned limited partnership, to acquire the North Segment of Pembina’s Western Pipeline System (the “Western Pipeline”) for total … Read more
Chairman after vice chairman Greg Abel takes over as CEO. Summary • Buffett’s decision to give up CEO job ‘a shocker’ • Buffett could serve as mentor, help in acquisitions • Stock price falls 5% though Abel’s ascension was expected (Reuters) – Warren Buffett will stay on as chairman of Berkshire Hathaway after Vice Chairman … Read more
Lion Electric sought protection from its creditors in December and has been seeking a buyer since then. The court-appointed monitor for Lion Electric says the vehicle maker is very likely to be liquidated after the Quebec government refused to invest more public funds in the company. Jean-Francois Nadon, a representative of Deloitte, said in a court hearing this morning that government aid would have been … Read more
(The opinions expressed here are those of the author, a columnist for Reuters.) * Saudi-led OPEC+ to sharply increase output by June * Riyadh appears willing to enter price war * Signs that oil demand could be hit due to trade wars By Ron Bousso LONDON, May 6 – Saudi Arabia has signalled that it … Read more
By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) – Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s industry is far larger and more sophisticated. … Read more
Trump’s trade threats have only spurred increased interest in TMX, Mark Maki said By Meghan Potkins Article originally appeared in the Finacial Post Here Ottawa has long said it intends to sell its $34-billion Trans Mountain pipeline to the West Coast, but the head of the Crown corporation that owns it says the federal government … Read more
LNG Canada has completed the cooldown of its liquefied natural gas plant in Kitimat, British Columbia, and is preparing for the plant to produce its first LNG in June, two people familiar with the process told Reuters. Cooling an LNG plant to test how its machinery expands and contracts is a critical step to ensuring … Read more
CALGARY, AB, May 5, 2025 /PRNewswire/ – Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), today announced its full financial and operating results for the three months ended March 31, 2025. “Our first quarter of 2025 saw a recovery from 2024 as the refinery offset a slow start to the year and a one-time … Read more
Calgary, Alberta–(Newsfile Corp. – May 5, 2025) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) announces its first quarter 2025 financial and operating results, May dividend declaration and information regarding the annual meeting of shareholders. First Quarter 2025 Summary Highlights Generated $11.5 million of adjusted funds flow1 ($0.03 per basic and fully … Read more
(Reuters) – The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Monday, remaining within the historically tight range it has been trading at this spring. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under the U.S. benchmark WTI, … Read more
Calgary, Alberta–(Newsfile Corp. – May 5, 2025) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “Company”) reports its operating and financial results for the three months ended March 31, 2025 (all amounts are in Canadian dollars unless otherwise noted). “Baytex efficiently executed its exploration and development program and delivered first quarter results consistent with … Read more
CALGARY, AB, May 5, 2025 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to provide first quarter 2025 financial results and reconfirm the Company’s 2025 guidance estimates. Select financial information is outlined below and should be read in conjunction with Topaz’s interim condensed consolidated financial statements (“Financial Statements”) and related management’s discussion and analysis … Read more
CALGARY, AB, May 5, 2025 /CNW/ – STAMPEDE DRILLING INC. (“Stampede“, or the “Corporation“) (TSXV: SDI) is pleased to announce that it has entered into a drilling equipment purchase agreement (the “Agreement“) with a private company (the “Purchaser“) providing for the sale (the “Transaction“) of certain drilling components (the “Equipment“) from an A/C triple drilling rig (the “Triple“) … Read more
CALGARY, Alberta, May 05, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three months ended March 31, 2025. Key Highlights: All-time high volumes at both the Gateway and Edmonton terminals drove record Infrastructure Adjusted EBITDA(1) of $155 million Realized recurring and non-recurring cost savings of … Read more
This combination of pictures created on May 02, 2025 shows US President Donald Trump speaking in Washington, DC, on April 23, 2025. Canada’s Prime Minister Mark Carney speaking in Ottawa, Ontario, on May 2, 2025. Photo by SAUL LOEBPATRICK DOYLE /AFP via Getty Images WASHINGTON — Prime Minister Mark Carney is flying to Washington for … Read more
(Reuters) – The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday. U.S. President Donald Trump’s global tariff announcements have since last month contributed to a decline in oil prices and fears of an economic downturn, making it more … Read more
By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are down more than 1% today after the Organization of the Petroleum Exporting Countries and allies decided to speed up oil output hikes. This comes after Brent shed more than 8% last week, and U.S. West Texas Intermediate (WTI) fell by 7.5% over the … Read more
CALGARY, AB, May 5, 2025 /CNW/ – Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and Parkland Corporation (TSX: PKI) (“Parkland”) announced today that they have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt (the “Transaction”). “This … Read more
Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down … Read more
By Ron Bousso Summary Oil majors warn of worsening global economic conditions Yet most stick to large shareholder return programmes And are borrowing more in order to pay for their expenses (Reuters) – Top oil and gas companies are watching the worsening global economic outlook with trepidation, but they currently appear to be doing little … Read more
Summary • EU wind and solar growth outpace network upgrades • EU grid infrastructure is ageing, more links needed • More energy storage needed to maintain grid stability (Reuters) – Europe’s ageing power grid and lack of energy storage capacity will require trillions of dollars in investments to cope with rising green energy output, increasing … Read more
Summary • OPEC+ says to hike output by 411,000 bpd in June • OPEC+ eyes full unwinding of voluntary output cuts by Oct, sources say • Barclays, ING cut 2025 Brent forecasts LONDON, May 5 (Reuters) – Oil prices fell more than 1% on Monday after OPEC+ decided over the weekend to further speed up … Read more
The country has significant work to do to unite. Is this Liberal government the one to do that? No By Kim Moody It’s fair to say most partisan Canadians and their political parties were not thrilled by the results of Monday’s federal election. The surging Liberals did not get their majority (as of press time), … Read more
If there is one thing that is almost certain in the current global crude oil market, it’s that the stated reasons for the OPEC+ group of exporters increasing supply are not the real reasons.The eight OPEC+ countries that are party to voluntary output cuts met on May 3 and decided to ease their curbs again … Read more
We can strengthen economic sovereignty and resilience: Unlock private-sector investment, responsibly develop our world-class natural resources, support climate action The Rt. Hon. Mark Carney, PC, MP Prime Minister of Canada Dear Prime Minister Carney, On behalf of Canada’s leading energy companies, please accept our congratulations on your election victory and appointment as Canada’s new Prime … Read more
LAVAL – Several candidates for the leadership of the Quebec Liberal Party say they’re open to fossil-fuel projects in the province as a means to boost Canada’s energy independence. In Laval, Que. on Saturday, energy development played a central role in a leadership debate focused on the province’s economy. Karl Blackburn, former president of a … Read more
Bypass Road AB, Canada Project Background A project owner was faced with rehabilitating and upgrading an existing energy access road to handle the rigors of a new plant expansion and commissioning. The energy plant, located south of Conklin, required improvements to the 11.5 km (7.1 mile) bypass road, which originally served as a secondary access … Read more
Westech Industrial Ltd. is excited to announce our participation in the upcoming Canadian School of Hydrocarbon Measurement (CsHm) Saskatchewan, taking place on May 7, 2025, at the Southeast College in Estevan, Saskatchewan. This important event brings together leading industry professionals to share expertise and insights in hydrocarbon measurement and process control technologies — a key … Read more
Insights from MELA, bp, Kinder Morgan, IOGP, OGCI and Methane Guiding Principles Jackson Hegland Executive Director MELA “In Canada, operators have been mitigating methane emissions for nearly two decades, and in the U.S., progress has been steady over the last few years, particularly with the implementation of the Inflation Reduction Act (IRA) and state-level regulations. … Read more
U.S. energy company Sunoco LP has signed an agreement to buy Parkland Corp. in a cash-and-stock deal valued at US$9.1 billion, including assumed debt. The deal comes as Calgary-based Parkland faces an attempt by Simpson Oil Ltd., its largest shareholder, to replace a majority of its board of directors. Parkland cancelled its annual meeting set … Read more
38 oil and gas CEOs sign list of shared objectives, opportunities to work together By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Enbridge’s Cheecham Terminal near Fort McMurray, Alberta is a key oil storage hub that moves light and heavy crude along the Enbridge network. … Read more
By Jim Warren Call me a cockeyed optimist but before giving up entirely on the country or selling our energy shares we might want to wait a while to see what a Carney led government actually does. That being said, lowering the collective blood pressure on the prairies will require answers to some key questions. … Read more
By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The footprint of energy development continues to occupy less than three per cent of Alberta’s oil sands region, according to a report by the Alberta Biodiversity Monitoring Institute (ABMI). As of 2021, energy projects impacted just 2.6 per cent … Read more
From Danielle Smith: Just finished a positive first meeting with Prime Minister Mark Carney. We spoke at length about the policies and legislation that are holding back Alberta’s economy, and specific proposals for projects and legislative reforms that will significantly increase market access for Alberta oil and gas, agricultural products and other goods. The Prime … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Friday, continuing a trend of what has been historically tight levels this spring. WCS for June delivery in Hardisty, Alberta, settled at $9.15 a barrel under WTI, according to brokerage CalRock, after having settled … Read more
By Jake Fuss and Grady Munro As part of his successful election campaign, Prime Minister Mark Carney promised a “very different approach” to fiscal policy than that of the Trudeau government. But when you peel back the rhetoric and look at his plan for deficits and debt, things begin to look eerily similar—if not worse. … Read more
Alberta’s government is seeking a court ruling on the constitutionality of Ottawa’s clean electricity grid regulations.
The regulations, finalized late last year, lay out a plan to decarbonize electricity grids across Canada by 2050.
Premier Danielle …
By Amanda Stephenson CALGARY, May 2 (Reuters) – The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge’s (ENB.TO) proposed Great Lakes tunnel for its Line 5 oil pipeline project. The Army Corps, a federal engineering service, released an updated permitting … Read more
By Sheila Dang and Shadia Nasralla Exxon and Shell maintain buybacks amid oil price slump Chevron and BP reduce buybacks due to market conditions Exxon benefits from Guyana oilfield, Chevron seeks entry HOUSTON/LONDON, May 2 (Reuters) – Big Oil’s first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn … Read more
Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to … Read more
By Shariq Khan Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate or slow supply hikes Signs of trade-war de-escalation help check oil’s decline NEW YORK, May 2 (Reuters) – Oil prices fell over 1% … Read more
(Reuters) – The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Thursday, continuing a trend of what has been historically tight levels this spring. WCS for June delivery in Hardisty, Alberta, settled at $9.35 a barrel under WTI, according to brokerage CalRock, after … Read more
Reports Over 60% of Shares Voted on Simpson Oil’s GOLD Proxy Card Cautions Incumbent Board NOT to Deploy Further Questionable Tactics That Could Delay the Shareholder Meeting or the Integrity of the Vote Calls on Current Board to Begin an Orderly Transition GRAND CAYMAN, Cayman Islands–(BUSINESS WIRE)–Simpson Oil Limited (“Simpson Oil”, “we” or “our”), the … Read more
By Shariq Khan Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate or slow supply hikes Signs of trade-war de-escalation help check oil’s decline NEW YORK, May 2 (Reuters) – Oil prices fell over 1% … Read more
By Scott Disavino May 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, … Read more
By Kanupriya Kapoor and Kari Lundgren Equinor ASA agreed to sell its 60% stake in the Peregrino oil and gas project off the Brazilian coast to PRIO SA for $3.5 billion, as the Norwegian energy explorer seeks to streamline international operations. Rio de Janeiro-based PRIO gained. Brazilian firm Prio Tigris Ltda., a subsidiary of PRIO … Read more
(Reuters) – A meeting of eight OPEC+ countries to decide on their plan for oil production policy in June will now take place on Saturday instead of Monday as originally planned, three sources with knowledge of the matter told Reuters on Friday. It was not immediately clear why the meeting was brought forward. The eight … Read more
Summary China ‘evaluating’ U.S. proposal to ease trade tensions OPEC+ members to discuss June output plan on May 5 Trump threatens secondary sanctions on Iranian oil buyers (Reuters) – Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some caution about a potential de-escalation of the trade dispute … Read more
Imperial Oil Ltd. reported a first-quarter profit of $1.29 billion, up from $1.20 billion in the same quarter last year.
The company says the profit amounted to $2.52 per diluted share for the quarter ended March 31, up from $2.23 per diluted share a …
CALGARY, AB, May 1, 2025 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report 2025 first quarter financial and operating results. 2025 First Quarter Financial Highlights Cash provided by operating activities of $122.9 million. Adjusted funds flow (“AFF”)(a) of $121.1 million or $0.73 per share for Advantage(b), exceeding expectations largely due to the outperformance of recently acquired assets and successful reductions … Read more
CALGARY, AB, May 1, 2025 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three months ended March 31, 2025, NCIB approval and declaration of quarterly dividend. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements … Read more
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Thursday, continuing a trend of what has been historically tight levels this spring. WCS for June delivery in Hardisty, Alberta, settled at $9.35 a barrel under WTI, according to brokerage CalRock, after having settled … Read more
= Achieved Q1 2025 Adjusted EBITDA of $121 million ($0.52/basic share) Increasing our 2025 growth capital program to approximately $125 million (from $85 million previously announced) with an additional water disposal infrastructure project backed by commercial agreements entered into during Q1 2025 Maintaining our 2025 Adjusted EBITDA guidance of $510 – $540 million CALGARY, AB, May 2, 2025 /CNW/ – SECURE Waste Infrastructure Corp. (“SECURE” or … Read more
CALGARY, AB, May 1, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its first quarter 2025 financial and operational results. HIGHLIGHTS First Quarter Results ARC delivered first quarter 2025 average production of 372,265 boe(1) per day (63 per cent natural gas and 37 per cent crude oil and liquids(2)), in line with the mid-point … Read more
President Donald Trump’s administration has sued Hawaii and Michigan to try to stop them from filing lawsuits against major oil companies over the fossil fuel industry’s role in climate change, accusing the Democratic-led states of overreach and imperiling domestic energy production. Neither state has sued yet. Hawaii Governor Josh Green told a local TV station … Read more
Woodfibre LNG says it is hoping to add a second “floatel” at its project site near Squamish, B.C., to house as many as 900 workers for its liquefied natural gas project.
A statement from the company says it will submit an application to regulatory ag…
The financial payoff from a new minerals deal between Ukraine and the U.S. is likely to take a decade or longer as investors face many hurdles to getting new mines into production in the war-ravaged country. Developing mines that produce strategically important minerals in countries with established mining sectors such as Canada and Australia can … Read more
Author: Carter Morrison On February 27, 2025, Alberta Environment and Protected Areas issued a memorandum to the Quantification Protocol for Greenhouse Gas Emissions Reductions from Pneumatic Devices (Version 3.0). This protocol introduces new requirements for oil and gas operators, including biannual inspection requirements for pneumatic chemical injection pumps, updated rules for reporting vent gas limits, reconciliation … Read more
TC Energy Corp. says its profits edged lower in its latest quarter as revenues increased compared with a year ago.
The pipeline company reported $978 million in net income attributable to its common shares for its first quarter, down from $988 million…
By Kenneth P. Green During his victory speech Monday night, Prime Minister Mark Carney repeated one of his favourite campaign slogans and vowed to make Canada a “clean energy superpower.” So, Canadians can expect Ottawa to “invest” more taxpayer money in “clean energy” projects including electric vehicles (EVs), the revolutionary transportation technology that’s been ready … Read more
‘Existing oil sands projects deliver some of the lowest-breakeven oil in North America’ By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Oil sands workers in northern Alberta. Photo courtesy Pathways Alliance As geopolitical uncertainty ripples through global energy markets, a new report says Alberta’s oil … Read more
Musk acknowledged during Tesla’s earnings call that there had been “some blowback” over his time leading DOGE Tesla Inc.’s chair denied a report that said board members started a search for a chief executive to succeed Elon Musk, saying directors are “highly confident” in his abilities. The Wall Street Journal reported late Wednesday that unidentified … Read more
Calgary, Alberta–(Newsfile Corp. – May 1, 2025) – Green Impact Partners Inc. (TSX: GIP) (“GIP” or the “Company”) today reports its results for the year ended December 31, 2024, and as of the date of this news release. FINANCIAL HIGHLIGHTS (in thousands of dollars, except per share data) For the three months ended December 31, … Read more
St. Albert, Alberta–(Newsfile Corp. – May 1, 2025) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise”). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One … Read more
Quebec won’t rescue bankrupt Lion Electric The province has already lost $177 million on investments in Lion Bloomberg News Canadian electric bus and truck maker Lion Electric Co. is unlikely to survive as the Quebec government turned down an opportunity to put money into the firm along with local investors. Electric vehicles had another whirlwind year around … Read more
Summary Brent projected to average $68.98 per barrel in 2025 WTI to average at $65.08 per barrel in 2025 For table of crude price forecasts, click (Reuters) – A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+’s decision to unwind supplies will weigh on oil prices this year, a … Read more
Summary Saudi willing to sustain lower prices for longer: sources US economy contracts in first quarter US crude stockpiles fell by 2.7 million barrels last week LONDON, May 1 (Reuters) – Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could … Read more
Calgary, Alberta–(Newsfile Corp. – April 30, 2025) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) expects to release our first quarter 2025 financial and operational results (the “Release“) before North American markets open on Wednesday, May 7, 2025. In addition, the first quarter management’s discussion and analysis and the … Read more
Canada’s largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing.
In its latest sustainability report, RBC said t…
By Tegan Hill Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget. The Smith government already projects a $5.2 … Read more
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 37 Domestic and International E&P, energy service and pipeline/infrastructure/royalty companies with regular quarterly updates. We also hold quarterly webinars and provide … Read more
CALGARY, ALBERTA–(Newsfile Corp. – May 1, 2025) – Tenaz Energy Corp. (“Tenaz”, “Our”, or “We”) (TSX: TNZ) is pleased to announce that it has completed the acquisition of 100% of the shares of NAM Offshore B.V. (“NOBV”) from Nederlandse Aardolie Maatschappij B.V. (“NAM”), a joint venture between Shell PLC and ExxonMobil Corporation, and assumed operatorship … Read more
By Steven Globerman Foreign Direct Investment Inflows to Canada: 1990-2024 Foreign direct investment (FDI) is a specific form of cross-border capital flow in which an investor in one country has ownership or management control of an enterprise located in another country. Inward FDI has significant economic benefits for the host economy. In Canada’s case, the … Read more
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