Here are some of the main new measures that the Canadian government announced in a spring economic statement on Tuesday. * a new nationwide effort to recruit, train, and hire 80,000 to 100,000 new skilled trade workers by 2030/31. This will involve an initial C$2 billion investment over five years. Once workers are in training, the government is proposing an additional C$3.4 billion in grants over five years to ensure people compete their courses * reducing the contribution rate of the [Read more]
News
UAE exit strips OPEC of clout, risks bitter price war: Bousso
The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all-out price war once Gulf producers rush to regain market share when the Iran war is over. The surprise move comes at a time of unprecedented turmoil in energy markets as Gulf oil and gas exports have remained largely paralysed for two months due to the closure of the Strait of Hormuz, which has muted OPEC’s traditional ability to manage [Read more]
Monday Morning Montney M&A – asset maps, comparable transactions and random musings – StackDX Intel
Massive news in the WCSB yesterday morning as Shell and ARC Resources announced an agreement whereby Shell will acquire ARC Resources in a cash and share transaction valued at approximately C$ 22 billion. See Shell's press release here: Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”). See ARC Resources' press release here: ARC Resources Ltd. announces agreement to be acquired by Shell plc See Shell acquisition presentation here: Delivering more [Read more]
Blockbuster $22B Shell-ARC deal bodes well for expansion to LNG Canada, experts say
CALGARY - Global energy heavyweight Shell PLC's plan to buy one of Canada's biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say. The deal to buy Calgary-based ARC Resources Ltd. is valued at $22 billion, accounting for the target company's debt. It gets Shell access to ARC's holdings in the prolific Montney shale formation that last year produced 374,000 barrels of oil equivalent per day. And that means a steady [Read more]
World Bank forecasts 24% surge in energy prices in 2026 due to Middle East war
Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities in the region escalated and supply disruptions lasted longer than expected, the global development bank said in its latest Commodity Markets Outlook. The bank said its baseline scenario [Read more]
Argo’s February Oil Production
Toronto, Ontario--(Newsfile Corp. - April 28, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2026 oil production was 1,856 barrels, averaging 66 barrels per day. Oil prices averaged CAD$61 per barrel, and Argo's oil revenue was $113,567 and net operating cash flow was $64,819. February 2026 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 (37.5% [Read more]
NEW 2026 Stampede Packages & 1 Night Chuckwagon Sponsorships
🤠2 Months Til’ Stampede & Corporate Calgary’s Legendary Ballroom Parties!🤠 👍Corporate Calgary's VIP Stampede Parties…Bootleggin' Breakfast 👉Be part of the 60 Years of Stampede Tradition! Corporate Stampede FUN at Calgary's premium hotel ballrooms, to impress your clients & staff! 👉Elevated events with curated breakfasts, CCMA award winning entertainment and private bar service. ✅ Buy Tickets & Corporate Tables NOW (From $119 per [Read more]
UAE to leave OPEC and OPEC+ oil producer groups – analyst reactions
(Adds quote) LONDON, April 28 - The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. Here are some analyst reactions to the news. JORGE LEON, ANALYST AT RYSTAD: "The UAE withdrawal marks a significant shift for OPEC. Alongside Saudi Arabia, it is one of the few members with [Read more]
UAE leaves OPEC and OPEC+ in major blow to global oil producers’ group
The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production [Read more]
To get out of the hole we are in, first stop digging
Many people I chat with these days that are outside the energy sector, if they know that I am in the energy sector, extend complex salutations, superficially and congenially voicing a kind of high-five vibe along the lines of Hey, congrats on these oil prices, you must be so happy…and yet as those words come out, it is obvious they paper over a simmering cauldron of rage and/or confusion and/or fear about the Middle East brouhaha unfolding live before our eyes in real time, and what it is doing [Read more]
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