Edmonton, April 23, 2024 (GLOBE NEWSWIRE) -- Jay Nagendran, P.Eng., FCAE, ICD.D, FEC, FGC (Hon.), registrar and chief executive officer of the Association of Professional Engineers and Geoscientists of Alberta (APEGA), announced he will retire and resign his position on April 30, 2025. Mr. Nagendran has spent the past seven years dedicated to upholding the mission of protecting the interests of all Albertans through leading the regulation of professional engineers and geoscientists in [Read more]
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Goldman expects geopolitical risk premium to moderate, maintains $90/bbl Brent ceiling
Goldman Sachs on Tuesday said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming months, and maintained its range-bound view, with a $90 per barrel ceiling on Brent. Oil prices slipped on Tuesday, a day after touching their lowest levels in more than three weeks following a perceived de-escalation in the Israel-Iran conflict as Iran played down a reported Israeli attack on its soil. The moderately bearish [Read more]
Alberta Innovates and Emissions Reduction Alberta announce new hydrogen funding
$57 million in projects announced at the Canadian Hydrogen Convention EDMONTON, Alberta, April 23, 2024 (GLOBE NEWSWIRE) -- The Government of Alberta, through Alberta Innovates and Emissions Reduction Alberta (ERA) is announcing $57 million, worth $280 million, in innovation funding for 28 projects to advance a hydrogen economy, reduce emissions, and create jobs in Alberta. Alberta Innovates, in partnership with Natural Resources Canada, is committing $22.5 million for 20 early-stage [Read more]
Venezuela to accelerate cryptocurrency shift as oil sanctions return
Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people familiar with the plan said. The U.S. Treasury Department last week gave PDVSA's customers and providers until May 31 to wind down transactions under a general license it did not renew due to a lack of electoral reforms. The move will make it more difficult for the country to increase oil output and exports as companies [Read more]
US oil and gas M&A hits quarterly record after blockbuster 2023
U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and New Mexico, where producer break-even costs are about $64 a barrel. Oil prices averaged about $77 a barrel last quarter and this week traded near $83 per barrel. Most of the [Read more]
Emerald Lake Energy Ltd. – Corporate Divestiture
Emerald Lake Energy Ltd. (“Emerald Lake” or the “Company”) has engaged Sayer Energy Advisors to assist it with a corporate sale process. Emerald Lake is a private junior oil and natural gas company with long life working interests in located in the Cyn-Pem, Carson Creek North, Harmattan East, Homeglen Rimbey, Medicine River and Progress areas of Alberta (the “Properties”). The Properties consist primarily of non-operated working interests in several units. In addition, the Company holds [Read more]
New to Market Surplus Bakken Oil and Gas Equipment – Including (19x) Lufkin 640-365-168 Pumping Units for USD $25,000 Each and Transloading Equipment
CALGARY, AB, April 16, 2024 - Fuelled Family of Companies ("Fuelled" or "the Company" or "we" or "our"), a technology-based company that uses platforms to manage, sell and disrupt, is pleased to share some newly added equipment to Fuelled.com. Bakken Surplus Equipment Newly posted equipment located in Manitoba and Saskatchewan, ideally situated, and suited for the Bakken. Transloading Packages (truck offload) Tanks Separators Free Water Knockouts (heated and non-heated) [Read more]
TC Energy provides results of Series 7 Shares conversion elections
CALGARY, Alberta, April 23, 2024 (GLOBE NEWSWIRE) -- – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that 209,483 of its 24,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 7 (Series 7 Shares) were deposited for conversion on April 30, 2024 on a one-for-one basis into floating rate Cumulative Redeemable First Preferred Shares, Series 8 (Series 8 Shares). As previously announced in our news release dated April 1, 2024, [Read more]
Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report
Japan's Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural gas (LNG) project in the United Arab Emirates, after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company (ADNOC) on it. The Nikkei reported ADNOC would have a stake of around 60% and Mitsui 10% of the $7 billion LNG project at Ruwais, adding Mitsui's investment is estimated to be several tens of billions of yen. Other oil majors Shell, BP and Total Energies are also expected to [Read more]
i3 Energy Plc announces notice of 2024 AGM
EASTLEIGH, UNITED KINGDOM / ACCESSWIRE / April 23, 2024 / i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that a Notice of Annual General Meeting (the "Circular") will be posted to Shareholders on 28 May 2024. This announcement, and the filing by the Company of a Notice of Annual General Meeting and Record Date on SEDAR+, is made earlier than required by the Companies Act 2006 in the UK in order to satisfy the [Read more]
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