ANCHORAGE, Alaska--(BUSINESS WIRE)--Glenfarne Group, LLC (“Glenfarne”) subsidiary Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project, and Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today announced a strategic partnership to advance Alaska LNG. Under the agreement, Danaos will facilitate the construction and operation of at least six LNG carriers to deliver LNG to global customers and make a $50 [Read more]
Imperial to hold 2025 Fourth Quarter Earnings Call
CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) John Whelan, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2025 Fourth Quarter Earnings Call on Friday, January 30, following the company’s fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Whelan will offer brief remarks prior to taking questions [Read more]
Energy Transfer Announces Suspension of Development of Lake Charles LNG
Energy Transfer Cites Focus on Capital Allocation Discipline DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) announced today that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provides superior risk/return profiles. Energy Transfer management has determined that its continued development of the project is not warranted by Energy [Read more]
EIG’s MidOcean Energy Completes Acquisition of Interest in Canada from PETRONAS
LONDON--(BUSINESS WIRE)--MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its acquisition of a 20% interest in PETRONAS’ key entities in Canada. The transaction includes a 20% interest in the North Montney Upstream Joint Venture (“NMJV”), which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG [Read more]
ARC Energy Fund 8 Completes Take-Private Acquisition of STEP Energy Services Ltd.
CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP") (TSX:STEP) and ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, “ARC Energy Fund 8”), a private equity fund advised by ARC Financial Corp. (“ARC”), are pleased to announce the successful closing of the previously announced take-private transaction involving STEP. The [Read more]
STEP Energy Services Ltd. Announces Receipt of Final Order
CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce that the Court of King’s Bench of Alberta has granted the final order in respect of the previously announced plan of arrangement (the "Arrangement") involving ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, "ARC Energy Fund 8"), [Read more]
Pembina Announces 2026 Guidance, Agreement for Cedar Capacity, and Business Update
All financial figures are approximate and 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 adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" [Read more]
Imperial provides 2026 corporate guidance outlook
Plans advance strategy to increase cash flow and deliver industry-leading shareholder returns Capital and exploration expenditures1 forecasted between $2.0 and $2.2B, focused on strengthening profitability Upstream production forecasted between 441,000 and 460,000 gross oil equivalent barrels per day Downstream throughput forecasted between 395,000 and 405,000 barrels per day; 91 - 93% utilization rate CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today [Read more]
STEP Energy Services Ltd. Announces Approval of Arrangement by Shareholders
CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce that the shareholders of STEP (the "Shareholders"), at the special meeting of Shareholders held today (the "Meeting"), approved an arrangement (the "Arrangement") involving ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, "ARC Energy [Read more]
ExxonMobil Raises Its 2030 Plan – Transformation Delivering Higher Earnings, Stronger Cash Flow, and Greater Returns
Increases of $5 billion in earnings and cash flow growth at constant prices and margins vs. prior plan with no capital spending increase1 Cumulative structural cost savings plan increased by $2 billion, now $20 billion vs. 2019 All 2030 corporate GHG emissions intensity plans now expected to be achieved in 2026 SPRING, Texas--(BUSINESS WIRE)--ExxonMobil today updated its Corporate Plan through 2030. The Plan’s increased earnings and cash flow outlook reflects stronger contributions from [Read more]