CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2025. Third Quarter Highlights $74 million in revenue; $59 million in funds from operations ($0.36/share) (1)(2); $44 million in dividends paid ($0.27/share)(3); 16,054 boe/d(4) of total production, a 10% increase from the third quarter of 2024; 10,477 bbls/d of total crude oil and natural gas [Read more]
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Goldman Sachs sees global oil demand growing through 2040
Goldman Sachs expects global oil demand to grow to 113 million barrels per day in 2040 from 103.5 mbpd in 2024, driven by rising energy needs and ongoing challenges in low-carbon technology and infrastructure, the Wall Street bank said on Thursday. "We expect solid annual average demand growth of 0.9 mbpd in 2025-2030, before slowing to 0.1 mbpd by 2040," it said in a note. Key factors Goldman cited for its above-consensus outlook include limited alternatives for jet fuel and [Read more]
What is Ksi Lisims LNG, B.C. project being fast tracked by Feds?
TERRACE, BRITISH COLUMBIA, CANADA - The Ksi Lisims LNG facility in northern British Columbia and the North Coast Transmission Line that is planned to power it are among major projects that Prime Minister Mark Carney says will be reviewed for fast-track permitting and approval. Here are some facts about Ksi Lisims LNG, which has already been prioritized by the B.C. government. What will Ksi Lisims LNG do? The project is designed to be a massive LNG export facility in waters off the [Read more]
Canada names proposed Ksi Lisims LNG project for fast-tracking
Canada said on Thursday it will add the proposed Ksi Lisims LNG facility to its major projects list for fast-tracking, a designation the company behind the project said makes it more likely to proceed. Prime Minister Mark Carney made the announcement in Prince Rupert, British Columbia, where the facility would be located with direct shipping access to Asia. Ksi Lisims has a planned capacity of 12 million metric tons per year, which would make it Canada's second-largest liquefied natural gas [Read more]
Prime Minister Carney announces second tranche of nation-building projects referred to the Major Projects Office
TERRACE, BC, Nov. 13, 2025 /CNW/ - The world is changing rapidly. Budget 2025: Canada Strong is the government's bold and ambitious plan to meet this moment and transform our economy from one that is reliant on a single trade partner to one that is stronger, more self-sufficient, and resilient to global shocks. At the core of this new strategy is new nation-building infrastructure: ports, mines, trade corridors, and other major projects that will unlock our vast natural resources and enable us [Read more]
Carlyle exploring options to buy Lukoil foreign assets, sources say
U.S. private equity giant Carlyle is exploring options to buy Russian oil major Lukoil's foreign assets, three sources familiar with the situation said. The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine, and has blocked Lukoil's attempt to sell assets to Swiss-based trader Gunvor ahead of the November 21 sanctions deadline. Lukoil extracts about 2% of global oil output at home and abroad, and has said it is seeking buyers for its [Read more]
Blackstone Energy Transition Partners Announces $1.2 Billion Investment to Build First-ever Natural Gas Power Generation Facility in West Virginia
Project Expected to Create 500 Construction Jobs, Spur Local Economic Development Will Help Meet Rising Electricity Demand from Growing Economy and AI/Data Center Innovation NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX), through funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”), today announced a $1.2 billion investment to build Wolf Summit Energy (“Wolf Summit”), a fully contracted, 600-megawatt greenfield combined-cycle [Read more]
US natgas scales highest level since March on stronger LNG exports, cold December outlook
U.S. natural gas futures rose to their highest level since March on Thursday, supported by stronger liquefied natural gas (LNG) exports and forecasts for colder-than-normal weather in December. Front-month gas futures for December delivery on the New York Mercantile Exchange moved 10.8 cents higher, or 2.4%, to $4.64 per million British thermal units (mmBtu) at 11:55 a.m. EST (1655 GMT). The contract hit its highest level since March 10 earlier in the session. "The LNG export market is [Read more]
US crude stocks rise, fuel inventories fall on higher demand, EIA says
U.S. crude stocks rose while gasoline and distillate inventories fell last week on stronger demand, the Energy Information Administration said on Thursday. Crude inventories rose by 6.4 million barrels to 427.6 million barrels in the week ended November 7, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.96-million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 346,000 barrels in the week, the EIA said. Oil futures pared gains [Read more]
Repsol weighs merger of $19 billion upstream unit with APA, Bloomberg news reports
Spain's biggest refinery operator Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday, citing people with knowledge of the matter. APA shares were up 7.1% at $25.59. Repsol in 2022 entered into a deal to sell a 25% stake in the upstream division to private equity firm EIG Global Energy Partners, valuing the whole business around that time at $19 billion including debt. The [Read more]
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