A large wildfire near the major Canadian oil sands city of Fort McMurray did not move closer overnight and is expected to remain subdued on Thursday, the local authority said on Thursday. The region received rain for a few hours through the night and the forecast for the next few days is for more precipitation, the Regional Municipality of Wood Buffalo said in a statement. The fire stayed about 5.5 km (3.4 miles) away from the city's landfill. (Reporting by Ismail Shakil in Ottawa, Editing [Read more]
Headlines
Canada’s Pembina Pipeline expects investment decision on Cedar LNG project in June
Pembina Pipeline Corp said on Thursday progress on its proposed $4 billion Cedar project remains on track and a final investment decision (FID) is expected in June on what would be one of Canada's first liquefied natural gas export terminals. Cedar, a joint venture between indigenous community Haisla First Nation and Pembina, would produce 3.3 million tons of liquefied natural gas (LNG) per annum after completion in 2028. "We do have all key regulatory permits. Cedar financing has been [Read more]
Argo’s year-end 2023 oil reserves report
Toronto, Ontario--(Newsfile Corp. - May 16, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2023 Reserves Report ("Reserves Report"), with an effective date of December 31, 2023, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook [Read more]
Kennibar Resources Ltd. Property Divestiture – Trimble Energy Group Offering
Property Divestiture BID DEADLINE: JUNE 20, 2024 AT 4:00 PM MST Kennibar Resources Ltd. (“Kennibar”) has retained Trimble Energy Group (“TEG”) as its exclusive financial advisor to assist with the marketing of its Fee Title Land and Royalty Interests in Alberta and Saskatchewan. DIVESTITURE OVERVIEW • In Alberta, Kennibar holds fee title interests in an aggregate of 4,389 acres (~ 6.85 sections) and receives lessor royalty revenue of approximately $2,300 per year from the [Read more]
Highwood Asset Management Ltd. announces 2024 first quarter results
CALGARY, AB, May 16, 2024 /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, 2024. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2024, are available on Highwood's website at www.highwoodmgmt.com and on SEDAR+ at www.sedarplus.ca. Highlights Achieved [Read more]
US energy sector consolidation extends into 2024
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years. In 2023, some 39 private companies were acquired by public companies, Enverus data showed. Below [Read more]
Enbridge files prospectus supplements to enable an at-the-market equity issuance funding option for its acquisitions
CALGARY, AB, May 16, 2024 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it has made certain Canadian and U.S. securities filings to enable an at-the-market equity issuance program (the ATM Option). The ATM Option provides Enbridge with additional flexibility to partially fund its previously announced acquisitions of three U.S. natural gas utilities from Dominion Energy, Inc. (the Acquisitions) and the Company intends that proceeds would be used for [Read more]
Chevron prepares for North Sea exit after more than 55 years
Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant's exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 billion acquisition of rival Hess which it previously said will include $10 billion to $15 billion in asset sales around the world. The exit will be the latest step in a steady retreat of top oil and gas [Read more]
CanAsia Energy Corp. 2024 first quarter financial & operating results
CALGARY, AB, May 16, 2024 /CNW/ - CanAsia Energy Corp. ("CanAsia" or the "Company") (TSXV: CEC) reports 2024 first quarter consolidated financial and operating results. The Company is today filing its unaudited consolidated financial statements as at and for the three months ended March 31, 2024 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedarplus.com or the Company's website, [Read more]
A second Trump presidency would target IEA’s green focus, advisers say
Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog's focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter. The Paris-based IEA has provided research and data to industrialized governments for more than half a century to help guide policy around energy security, supply and investment. The United States provides around [Read more]
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